Elastomeric Foam Market: Introduction
Elastomeric foam has been used for insulation purposes since the 1950s. It isthe largest type of insulating foam used in the market. It is primarily used inHeating, Ventilation & Air Conditioning (HVAC), plumbing, and refrigerationsystems in order to provide a barrier to the entry of moisture and vapor intothe systems. Elastomeric foams are used as a replacement for natural insulatingmaterials, such as cork. Their manufacturing does not involvechlorofluorocarbons (CFCs), hydro chlorofluorocarbons (HCFCs), or hydrofluorocarbons (HFCs). This makes them suitable for use even in toughenvironments. They also contain a very low amount of volatile organic compounds(VOC) and are, therefore, environmentally safe. Advances in manufacturingprocess have made it possible to fabricate elastomeric foams that are suitablefor demanding applications that require superior properties.
Elastomeric Foam Market: Overview
On the basis of type, the globalelastomeric foam market can be segmented into natural rubber/ latex andsynthetic rubber. The synthetic rubber segment can be sub-segmented intoNitrile-Butadiene Rubber (NBR), Ethylene-Propylene Diamine Monomer (EPDM), andChloroprene Rubber (CR). The synthetic rubber segment is estimated to be growrapidly led by the rise in demand for NBR. NBR is an economical alternative toother synthetic rubbers and has better properties compared to them. In terms ofapplication, the global elastomeric foam market can be divided into Heating,Ventilation & Air Conditioning (HVAC) systems, automotive, electrical &electronics, and others. HVAC systems is estimated to grow at a significantpace during the forecast period.
Elastomeric Foam Market: Market Trends & Developments
The elastomeric foam market is growing at a healthy pace on account of betterinsulation properties possessed by elastomeric foams and also due to thegeneral growth in the application segments of this product. The use ofelastomeric foam is on a rise in HVAC systems. This can be ascribed to thegrowth in population and strict regulations making it necessary for HVACsystems to be energy efficient. Government policies across the globe arebecoming quiet stringent regarding energy efficiency. This is, therefore,expected to prove as an opportunity for the growth of elastomeric foam marketduring the forecast period. Relatively high cost of elastomeric foams ascompared to other insulation methods and lack of awareness regarding theadvantages they offer over conventional materials are restraining the growth ofthe elastomeric foam market.
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Elastomeric Foam Market: Regional Outlook
The global elastomeric foam market, on the basis of region, can be segmentedinto North America, Europe, Asia Pacific, Latin America, and Middle East &Africa. Asia Pacific is the leading market for elastomeric foam in the worldand is estimated to grow at a rapid pace during the forecast period. North Americaand Europe are the second and third dominant elastomeric foam markets,respectively, and are anticipated to grow at a slow pace during the forecastperiod. Latin America and Middle East & Africa are anticipated to belucrative elastomeric foam markets during the forecast period and are likely towitness rapid increase in demand for elastomeric foam market.
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Elastomeric Foam Market: Key Players
Key players operating in the elastomeric foam market are Armacell (Germany),Hira Industries (the UAE), Zotefoams (the U.K.), L'ISOLANTE K-FLEX (Italy),Kaimann (Germany), Jinan Retek Industries (China), Aeroflex USA (the U.S.), NMCSA (Belgium), and Anavid (Israel).
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