ElastomericFoam Insulation Market: Prevents the Transmission of Heat
· Elastomeric foam insulation is a flexible, closed-cell foambased on nitrile or ethylene propylene diene monomer rubber.
· Elastomeric foams have high resistance to the passage of watervapor; therefore, they do not generally require additional water-vapor barriers.High vapor resistance, and surface emissivity of rubber, allows elastomericfoams to prevent surface condensation formation with comparatively smallthicknesses. Therefore, elastomeric foams are widely used on refrigeration andair-conditioning pipework.
· These foams are used on heating and hot-water systems. The threemain components used to manufacture elastomeric foam insulation includesynthetic rubber blend, typically nitrile butadiene rubber orethylene-propylene-diene monomer, polyvinyl chloride, and a chemical foamingagent.
KeyDrivers of Elastomeric Foam Insulation Market
· Global elastomeric foam insulation market is driven bydevelopment in superior thermal performance insulation for high temperatureapplications and ultraviolet resistant foam insulation to protect against weatherand mechanical abuse.
· Elastomeric foam insulation products are lightweight and thus,reduces the overall weight of the structure. Moreover, increasingindustrialization, rising miniaturization, and improving technologies areboosting the demand for insulation materials, thus creating opportunities forthe elastomericfoam insulation market.
· New high-performance materials have been developed in the pastfew years. These have proved to be useful in major application areas of theindustrial and automotive sectors; however, economical pricing and superiorproperties have allowed elastomeric foam insulation materials to create theirown niche.
· The automotive sector and the construction industry are majorcontributors to the global elastomeric foam insulation market owing to the highdemand from developing countries and the increase in foreign investment bycompanies in these geographies.
Building & Construction Segment to Offer AttractiveOpportunities
· Elastomeric foam insulation products are widely used in thebuilding & construction industry, due to their lightweight nature, whichhelps reduce the overall weight of the structure.
· Elastomeric foam insulation prevents the transmission of heatfrom exterior walls of buildings, which captures the heat energy from the sun
· Elastomeric foam insulation is always efficient in reducingenergy consumption as they possess properties such as low thermal conductivity,water vapor barrier, and keeping product environmentally friendly, this drivesthe demand for elastomeric foam insulation market in building &construction segment.
Request Sample
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=67565
Availability to low cost substitutes to Hamper Market:
· Several low cost alternatives are available for elastomeric foaminsulation products such as ceramics, mineral wool, and glass wool amongothers, which has led to increased competition for elastomeric foam insulation,especially in the insulation market.
· Further, the relatively lesser priced alternatives have led totheir increased usage in the lower per capita income countries, further restrictingthe usage of elastomeric foam insulation.
· However, the increasing applications of elastomeric foaminsulation in the construction and healthcare industries have increased thedemand. Premium prices restrict the market of elastomeric foam insulation whencompared to ceramics in the smaller economies, although these markets areexpected to show a high growth rate during the forecast period with rapidlyincreasing adoption and market penetration.
More Trending Reports
Asia Pacific expected to hold Major Share in the GlobalElastomeric Foam Insulation Market
· Geographically, the demand for elastomeric foam insulation canbe split across five regions: North America, Europe, Asia Pacific, LatinAmerica, and Middle East & Africa.
· In terms of volume and value, Asia Pacific dominated the globalmarket in 2018. The region is expected to continue to dominate the globalmarket during the forecast period.
· Rise in population, increase in disposable income of consumers,and implementation of less stringent regulations have enabled Asia Pacific toemerge as one of the fastest-growing regions for consumer electronics,automotive, and construction. The elastomeric foam insulation market inemerging economies such as India, Singapore, and ASEAN countries in AsiaPacific has been expanding over the past few years.
· Rising FDI investment in automotive and construction industry indeveloping economies of Asia Pacific are some of the other factors likely tofuel the market in the region during the forecast period.
· The elastomeric foam insulation market in Middle East &Africa is estimated to expand at a rapid pace during the forecast period,followed by the North America and Europe. This expansion can be attributed toincreasing investments in construction and automotive industries in the region.
RequestCovid19 analysis on this market
https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=67565
KeyPlayers Operating in the Elastomeric Foam Insulation Market:
Companiesoperating in the elastomeric foam insulation market are investing to expandtheir product portfolios and improve their distribution networks. They adoptstrategies such as mergers & acquisitions, new product developments, jointventures, and expansions to cater to the increasing demand for elastomeric foaminsulation from different regions. For instance, In August 2018, Armacellacquired Guarto SRL, an Italian manufacturer of acoustic insulation solutions.This helps Armacell to expand advanced insulation and engineered foams productportfolio and cater to the demand for flexible elastomeric foam in SouthEurope. In the same year, Armacell launched its new product, AP Armaflex,specially designed for grooved fittings. This pre-fabricated product offersexceptional time and saves labor. Few of the key players operating in theelastomeric foam insulation market include:
· Armacell
· Hira Industries
· Zotefoams PLC.
· L'isolante K-Flex S.P.A.
· Kaimann GmbH
· Huamei Energy-saving Technology Group Co. LTD
· Jinan Retek Industries Inc.
· Aeroflex USA, Inc.
· NMC SA
· Anavid
· Others
Buy Now
https://www.transparencymarketresearch.com/checkout.php?rep_id=67565<ype=S
