Flexible Elastomeric Foam Market 2023 Trend, Size and Growth Analysis Report
The Flexible Elastomeric Foams Market is projected to grow from US$ 2.2 Billion in 2018 to US$ 2.7 Billion by 2023, at a CAGR of 4.72% between 2018 and 2023. The growing demand from end-use industry such as HVAC and automotive & transportation is expected to fuel the growth of the flexible elastomeric foams market.
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Top Companies in the Flexible Elastomeric Foam Market include are Armacell International S.A, Hira Industries, Rogers Corporation, 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 Insulation Products Kiryat Anavim Ltd., Isidem Insulation
“Thermal insulation is the largest and fastest functional type segment of the flexible elastomeric foams market”
Flexible elastomeric foams are segmented on the basis of various functions such as, thermal and acoustic. The demand for thermal insulation flexible elastomeric foams is driven as they significantly reduce energy consumption across a broad spectrum of applications such as in solar piping, residential & commercial heating & ventilation piping, and AC and refrigeration piping. It is equally important to insulate materials from sound where acoustic insulation is needed.
“APAC is the largest market for the flexible elastomeric foams market”
APAC is projected to be the fastest-growing market, in terms of both volume and value, during the forecast period. APAC is estimated to account for the largest share, in terms of both volume and value, of the overall market in 2018.The market in the region is driven by the growing population and economic growth. Both residential and non-residential sectors are expected to grow in China and India during the forecast period, which, in turn, will drive the HVAC industry, thereby, increasing the demand for flexible elastomeric foam in this industry.
Breakdown of Primary Interviews:
- By Company Type: Tier 1 – 58%, Tier 2 – 33%, and Tier 3 – 9%
- By Designation: C Level – 40%, D Level – 35%, and Others – 25%
- By Region: North America – 33%, Europe – 30%, APAC – 15%,South America- 14%,and the Middle East & Africa–8%
Report Highlights:
- To estimate and forecast the flexible elastomeric foam market at the country-level in each of the regions
- To estimate and forecast the market size on the basis of five regions, namely, Europe, Asia Pacific (APAC), North America, the Middle East & Africa, and South America
- To analyze and forecast the flexible elastomeric foam market, in terms of value and volume
- To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
- To analyze and forecast the size of the market on the basis of type, function, end-use industry and region
- To analyze the market opportunities and competitive landscape of the market leaders and stakeholders
- To analyze the competitive developments such as new product launch, investment & expansion, merger & acquisition, and joint ventures & agreements in the flexible elastomeric foam market
Research Coverage:
The Flexible Elastomeric Foams Market has been segmented on the basis of type (NBR/PVC, EPDM, natural rubber, CR and others), function (thermal and acoustic), end-use industry (HVAC, automotive & transportation, and others), and region (North America, Europe, APAC, Middle East & Africa, and South America). The end-use industry and type segments are further analyzed for each country in the respective regions.
Competitive Landscape of Flexible Elastomeric Foam Market:
1 Overview
2 Competitive Leadership Mapping
2.1 Visionary Leaders
2.2 Innovators
2.3 Dynamic Differentiators
2.4 Emerging Companies
3 Market Ranking Analysis
4 Competitive Situation & Trends
4.1 Investment & Expansion
4.2 Merger & Acquisition
4.3 New Product Launch
4.4 Joint Venture & Agreement
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