The Global Elastomeric Foam Market size is expected to reach USD 4.31 Billion in 2028 and register a revenue CAGR of 6.5% over the forecast period, according to a latest report by Reports and Data. Market revenue growth is expected to be driven by factors such as ability of elastomeric foams to eliminate the need for any type of vapor barrier to prevent transference of moisture. In addition increasing usage of elastomeric foam among various end-use industries such as heating plumbing, Heating, Ventilation, Air Conditioning (HVAC), industrial and consumer goods, automotive, and electrical electronics is another factor expected to drive market revenue growth during the forecast period.
Moreover, increasing construction activities in developing countries is expected to boost demand for elastomeric foam, and drive revenue growth of the market during the forecast period. Rising awareness of maintaining good indoor air quality is driving demand for elastomeric foams. Elastomeric foam is widely accepted and used in Indoor Air Quality (IAQ) advocates since it does not contain formaldehyde or fibers and has very low Volatile Organic Compounds (VOCs). Moreover, product features such as smooth surface moisture resistance and non-particulate of elastomeric foam help in preventing growth of molds. These are made without using hydrochlorofluorocarbons or hydrofluorocarbons and chlorofluorocarbons, making elastomeric foam suitable for applications with extreme climatic conditions.
Availability of elastomeric foams in a wide variety of shapes and thickness is boosting applications in refrigeration piping, hot cold water lines, chilled water piping, HVAC components, interior exterior duct systems, and mechanical systems in pharmaceutical, industrial, and marine offshore sectors. Growth of the automotive industry worldwide is projected to increase usage of elastomeric foams for gaskets in vehicles, cushioning, sealing, and internal cooling.
Recent advancements in the production of elastomeric foam is expected to boost market growth during the forecast period. Emergence of high temperature foams suitable for up to 300ºF, non-halogen foam ideal for use on stainless steel at high temperature applications, and availability of more colors, including white laminated products for exterior applications where insulation would be subjected to UV exposure, weather, physical abuse would also propel market growth in the near future.
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Market Overview:
A rapidly increasing global population, a significant increase in consumer goods demand worldwide, increased development of advanced and environmentally friendly packaging materials, a focus on reducing carbon emissions, and the introduction of environmentally sustainable packaging solutions all play a key role in driving revenue growth in the global packaging industry. Retail e-commerce, food beverage, consumer electronics, pharmaceutical, and others are among the industries that are requiring environmentally sustainable packaging solutions. Increasing research development activities for advanced and environmentally sustainable packaging techniques, rapid growth of the manufacturing industry, increasing imports and exports of consumer goods around the world, and increases in government investment in the transportation and logistics industry are some of the major factors contributing to the growth of the global packaging industry. The development of cold chain logistics infrastructure and technological advances are also major factors driving growth in the global packaging market. It is projected that the Elastomeric Foam market will reach USD XX billion in 2028, registering a strong revenue CAGR of XX%.
Some of the Leading Market Players Are Listed Below:
- Avient Corporation (PolyOne Corporation),
- Saudi Basic Industries Corporation (SABIC),
- Armacell,
- Zotefoams,
- L'Isolante K-Flex S.p.A.,
- BASF SE,
- Kaimann GmbH International,
- Aeroflex,
- Rubberlite Inc.,
- Hira industries.
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The Global Elastomeric Foam Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Market Segmentation:
By Type Outlook
- Natural Rubber/Latex
- Synthetic Rubber
By End-Use Outlook
- Heating, Ventilation, Air Conditioning (HVAC)
- Electrical Electronics
- Automotive
- Industrial Consumer goods
Some Points on How the Report Benefits Readers:
- Deep-dive analysis of the key drivers, opportunities, and restraints.
- Qualitative and quantitative analyses of the global Elastomeric Foam market.
- Comprehensive analysis of the key regional markets and their respective revenue CAGRs.
- Precise evaluation of each regional market’s production consumption capacities.
- An overview of the highly competitive environment of the Elastomeric Foam industry and company overviews.
- Focus on the key strategies implemented by the key market players, such as partnerships, collaborations, acquisitions, new product launches, and various other strategies.
Table of Contents (ToC) – Global Elastomeric Foam Market
Chapter 1. Methodology Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary Sources
1.4.2. Secondary Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2023-2028
Chapter 3. Key Insights
Chapter 4. Global Pharma Healthcare Market Segmentation
4.1. Global Pharma Healthcare Market COVID-19 Impact Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Porter’s Five Forces Analysis
4.5. Regulatory Framework
4.6. Price trend Analysis
4.7. Competitive Metric Space Analysis
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