Elastomeric Foam Market likely to witness an impressive CAGR of 6.9%, as estimated by Stratview Research
Stratview Research in its recent report has offered an overlook of the current Elastomeric
Foam Market scenarios and has also
estimated the market size to reach grow at CAGR of 6.9%. The insights highlighted in the report are based on data that is
carefully collected from reliable sources and is then scrutinized to have a
proper analysis.
Not only the report offers the market size but also details about the
market segmentation with its share. Stratview Research also extends its
research to offer a forecast of
the market during the period, to provide the clients with base knowledge of the
market and make strategies to have beneficial results ahead.
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Elastomeric Foam is free from hydrofluorocarbons,
hydrochlorofluorocarbons, and chlorofluorocarbons. This procedure of
manufacturing makes them lesser harmful to the environment.
Elastomeric Foam can be of latex or natural rubber and
also synthetic rubber. They are used across a number of industries such as
automotive, HVAC, electronics, and others.
This report studies the market covering a period of 12
years of trend and forecast. The report provides detailed insights into the
market dynamics to enable informed business decision making and growth strategy
formulation based on the opportunities present in the market.
Click here for description of the
report:
https://www.stratviewresearch.com/736/elastomeric-foam-market.html
Based on the type, the market is segmented as natural rubber/latex and
synthetic rubber. The larger share of the market is held by synthetic rubber as
it is more economical than natural rubber and also offers better properties for
various applications. The Nitrile-Butadiene Rubber (NBR) is a widely used
synthetic rubber; Ethylene-Propylene Diamine Monomer (EPDM) and Chloroprene
Rubber (CR) are the other major types of synthetic rubber used in the industry.
Based on the end-use industry type, the market is segmented as HVAC,
automotive, electrical & electronics, and others. The HVAC segment is
estimated to remain the dominant segment during the forecast period. Stringent
regulations for energy efficient HVAC systems in industries are elevating the
demand for elastomeric foam in HVAC application. In automotive industry,
elastomeric foams are generally used in gaskets & seals, trim, panels,
liners, insulation and in mats.
In terms of regions, Asia-Pacific is expected to be the largest market
for elastomeric foam in the coming five years. China and India are the growth
engines of the region. The market is driven by the growing demand for
elastomeric foam from various end-use industries and the presence of
elastomeric foam manufacturers and their customers in the region. North America
and Europe are also expected to offer substantial demand during the forecast
period.
Check out the Table of Contents here:
https://www.stratviewresearch.com/toc/736/elastomeric-foam-market.html
Highlights of the Report:
Elastomeric
Foam Market is likely to witness
an impressive CAGR of 6.9% during the forecast period. The extensive use of
elastomeric foam as insulation material for energy saving and its demand from
various end-use industries, such as automotive, HVAC, and electrical &
electronics is driving the elastomeric foam market globally.
Some of the elastomeric foam manufacturers are Armacell International
S.A., Zotefoams PLC., L'isolante K-Flex S.p.A., Kaimann GmbH International,
Huamei Energy-Saving Technology Group Co.,Ltd, Rogers Corporation, Jinan Retek Industries
Inc., Hira Industries, and Aeroflex USA, Inc.,.
Features of the Report
This report offers high-quality insights and is the
outcome of detailed research methodology comprising extensive secondary
research, rigorous primary interviews with industry stakeholders and validation
and triangulation with Stratview Research’s internal database and statistical
tools.
The Elastomeric Foam Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply
chain analysis
- Market environment analysis: Growth drivers and constraints,
Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product
portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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