Elastomeric Foam Market Research Report – Forecast to 2030

Elastomeric Foam Market: Information by Type (Natural Rubber and Synthetic Rubber), by End-Use Industry (HVAC, Automotive, Electrical and Electronics and others) and Region (Asia-Pacific, North America, Europe and Others) - Forecast till 2030

ID: MRFR/CnM/4913-HCR | February 2021 | Region: Global | 100 pages

Elastomeric Foam Market Overview


Elastomeric foam is a rubber-based insulating material with closed pores and uniform cell structure and possesses high vapor diffusion values. It is used in various applications such as air conditioners, refrigerators, chilled water pipelines, and tube equipment and fittings as it provides excellent insulation and condensation control in HVAC systems while reducing energy consumption. Elastomeric foam is available in two types—natural rubber and synthetic rubber; the latter includes nitrile butadiene rubber, ethylene propylene diene monomer (EPDM), and chloroprene. Nitrile butadiene rubber elastomeric foam is used widely due to its superior properties such as high moisture resistance, thermal efficiency, chemical resistance, elasticity, and flexibility.


The growth of the Elastomeric Foam Market is driven by the growing heating, ventilation, and air conditioning (HVAC) industry with the rising installation of HVAC systems in residential and commercial buildings such as healthcare facilities, shopping complexes, warehouses, and supermarkets. The increasing use of elastomeric foam in chillers, refrigerators, duct systems, and plastic pipes such as refrigeration piping and hot- and cold-water pipes is likely to drive the growth of the elastomeric foam market. Additionally, rising awareness about indoor air quality is likely to increase the demand for elastomeric foam with antimicrobial additives in air conditioners and HVAC systems.


The consumption of elastomeric foam is increasing in automobile parts such as gaskets, sealing, and under hood applications as it provides good thermal insulation and corrosion control. The growing automotive industry with the rising production of lightweight, electric, and hybrid vehicles is likely to drive the demand for elastomeric foam. Also, due to its good electrical insulation properties, the use of elastomeric foam is increasing in the electrical and electronics industry, which is likely to propel Elastomeric Foam Market Growth during the forecast period.


Some of the key growth strategies adopted by market players include new product developments, expansions, and acquisitions. For instance, in May 2018, Armacell International SA, acquired Guangdong De Xu Insulation Materials Co. Ltd, a manufacturer of elastomeric foam, to expand its product portfolio and strengthen its presence in Asia-Pacific.


Elastomeric Foam Market Share, by End-Use Industry, 2017 (%):Elastomeric Foam Market Share


Source: MRFR Analysis


Regional Analysis


Asia-Pacific accounted for the largest share of the Elastomeric Foam Market in 2017 as a result of industrialization in developing economies such as India, China, and Thailand. Increasing residential and commercial construction as a result of urbanization has led to a rising demand for duct and HVAC systems, which is likely to fuel the demand for elastomeric foam.


North America is another prominent for Elastomeric Foam Market owing to the increasing construction spending in the region. Additionally, the expanding automotive industry with the increase in production of lightweight, electric, and hybrid vehicles is likely to drive market growth during the review period.


The European Elastomeric Foam Market is expected to grow on account of the reviving automotive industry with the surge in demand for high energy-efficient and lightweight vehicles to reduce carbon emissions.  


The Latin American market is expected to grow at a significant rate during the review period with the expanding automotive industry in Brazil and Mexico. The Elastomeric Foam Market in the Middle East & Africa is likely to exhibit considerable growth in the coming years with increasing investments in the construction sector and an expanding HVAC market in the region.


Segmentation


The Elastomeric Foam Market has been segmented by Type, Application, and Region.


On the basis of Type, the Elastomeric Foam Market has been segmented into natural rubber and synthetic rubber, which includes nitrile butadiene rubber, ethylene propylene diene monomer (EPDM), chloroprene, and others.


Based on End-Use Industry, the Elastomeric Foam Market has been divided into HVAC, automotive, electrical and electronics, and others.


By Region, the Elastomeric Foam Market has been categorized as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.


Key Players


Some of the key players in the Elastomeric Foam Market are Armacell International SA (Luxembourg), Hira Industries LLC (UAE), Zotefoams PLC (UK), L'isolante K-Flex SpA (Italy), Huamei (China), Kaimann GmbH (Germany), Jinan Retek Industries Inc. (China), NMC SA (Belgium), Grando (Belgium), Sekisui Plastics Co., Ltd (Japan), and Rogers Foam Corporation (US).


Intended Audience



  • Elastomeric foam manufacturers

  • Traders and distributors of elastomeric foam

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant value
  CAGR   2022–2030: Substantial CAGR
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units    Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, End-Use Industry and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Armacell International SA (Luxembourg), Hira Industries LLC (UAE), Zotefoams PLC (UK), L'isolante K-Flex SpA (Italy), Huamei (China), Kaimann GmbH (Germany), Jinan Retek Industries Inc. (China), NMC SA (Belgium), Grando (Belgium), Sekisui Plastics Co., Ltd (Japan), and Rogers Foam Corporation (US).
  Key Market Opportunities   The growing automotive industry with the rising production of lightweight, electric, and hybrid vehicles is likely to drive the demand
  Key Market Drivers   The growing heating, ventilation, and air conditioning (HVAC) industry with the rising installation of HVAC systems in residential and commercial buildings


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Frequently Asked Questions (FAQ) :


Growing demand for heating solutions, ventilation, and air conditioning (HVAC) industry would drive the market.

The Asia Pacific region would inspire the maximum elastomeric foam market growth.

The major end user industries are electrical & electronics, automotive, HVAC, and others.

Major companies in the market are Hira Industries LLC (UAE), Zotefoams PLC (UK), Armacell International SA (Luxembourg), Huamei (China), L'isolante K-Flex SpA (Italy), inan Retek Industries Inc. (China), Sekisui Plastics Co., Ltd (Japan), Kaimann GmbH (Germany), Grando (Belgium), JNMC SA (Belgium), and Rogers Foam Corporation (US).

The booming automotive industry would take the market forward.