Elastomeric Foam Market likely to witness an impressive CAGR of 6.9%, as estimated by Stratview Rese

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.

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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.

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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