Elastomeric Foam Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of the Elastomeric Foam Market
The elastomeric foam market size was valued at USD 2.648 billion in 2019, and the market is now projected to grow from USD 2.648 billion in 2019 to USD 4.462 billion by 2027, exhibiting a CAGR of 6.8% during the forecast period of 2020-2027.
COVID-19 negatively impacted the worldwide elastomeric marketplace. Strict lockdowns temporarily halted business and industrial interest, including polymer, elastomer, and foam production. China is a primary foam marketplace and was appreciably affected. The prolonged lockdown stalled propylene output, a vital elastomer for foam manufacturing, in China. Several corporations with manufacturing bases located in China were quickly shut down because of the important conditions that arose due to the COVID-19 outbreak impacting the Elastomeric foam market growth.
Stringent policies imposed by way of the Occupational Safety and Health Administration (OSHA) regarding the protection and health of people shall increase the demand for HVAC structures further using this marketplace. HVAC structures are often used to maintain certain surroundings important for the manufacturing or storing of products. For example, OSHA has set positive tips for Indoor Air Quality (IAQ). Additionally, HVAC structures are to be had in lots of designs and brands, which assist in enhancing the aesthetic fee of the residential or commercial area. Increasing calls from the automobile quarter for HVAC systems to preserve indoor comfort, warmness, and airflow in automobiles are drastically contributing to the elastomeric foam market share.
Additionally, the increasing client focus on the disposability and emissions of gases at some point in the elastomer’s manufacturing manner has considerably elevated the call for eco-friendly and sustainable insulation. Also, the use of CFCs, HFCs, and other toxic gases was eliminated from the production system. The newly evolved green elastomeric foams are notably resilient, as much as forty lighter in weight than rubber sponges, do not take in water, and can easily be fabricated. Accounting for these advanced properties and their green nature, consumer preferences are shifting in the direction of product adoption.
Comprehensive Analysis of the Elastomeric foam Market
The elastomeric foam marketplace is segmented by means of feature, type, and alertness. By characteristic, it's far divided into thermal insulation and acoustic insulation, with thermal insulation being essential in industries like construction, cars, and textiles. EPDM is the dominant type, presenting notable insulation residences and flexibility, widely utilised in packages inclusive of sealing, gasketing, and cushioning. The HVAC section leads in applications, using call for for insulation in each commercial and home region to hold air satisfactory and luxurious. Other key sectors include automotive, electric, and electronics. This segmentation reflects the developing calls for long-lasting, flexible insulation substances, especially in the commercial and automobile sectors.
Asia Pacific dominated the elastomeric foam market with a market share of 37.79% in 2019. High demand from the industrial region for HVAC structures to keep temperature and ventilation will increase the call for elastomeric foam. Thermal insulation is one of the most broadly adopted techniques and is used in numerous industries, which assists in maintaining the right surroundings that are necessary for the manufacturing approaches.
Major players operating in the industry are Armacell International SA (Germany), Zotefoams PLC (U.K.), Kaimann Insulation (Germany), Aeroflex USA (U.S.)., and Rubberlite. Inc. (U.S.)., and others. Companies are focused on developing next-generation products with enhanced performance and quality for applications in various end-use sectors. For instance, Rubberlite introduced PU foams developed using the Covestro Elastomers, which can be employed in various application areas such as footwear, medical, automotive, and industrial sectors.
In February 2020, Frimo Group GmbH and the Hennecke Group formed a strategic partnership in the enterprise of polyurethane (PU) and other reactive plastic packages for the automobile enterprise. The core segments of the partnership encompass elastomer processing, moulded foam processing, polyurethane composite spray moulding (PUR-CSM) era and lightweight composites for PU spray packages.
Segmentation Table
Global Elastomeric foam Market Scope
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Growth Rate CAGR of 6.8% from 2024-2032
Historical Period 2016-2018
Unit Value (USD Billion)
Segmentation By Function, Type, Application, and region
By Type
Ethylene Propylene Diene Monomer (EPDM)
Nitrile Rubber (NBR)
Others
By application
Heating, Ventilation, and Air Conditioning (HVAC)
Automotive
Electrical & Electronics
Others
By Region
North America (By function, Type, application, and Country)
U.S. (Function)
Canada (Function)
Mexico (Function)
Europe ( By function, Type, application, and Country )
U.K. (Function)
Germany (Function)
France (Function)
Italy (Function)
Rest of Europe (Function)
Asia Pacific ( By function, Type, application, and Country )
China (Function)
Japan (Function)
India (Function)
South Korea (Function)
Rest of Asia Pacific (Function)
South America ( By function, Type, application, and Country )
Brazil (Function)
Rest of South America
Middle East & Africa ( By function, Type, application, and Country )
Saudi Arabia (Function)
South Africa (Function)
Rest of Middle East & Africa
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Emerging Trends
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Industry SWOT Analysis
- 4.3. Regulatory Analysis
- 4.4. Recent Industry Developments - Policies, Collaboration, New Type Launches, and Mergers & Acquisitions
- 5. Global Elastomeric Foam Market Analysis, Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Function (Value)
- 5.2.1.1. Thermal Insulation
- 5.2.1.2. Acoustic Insulation
- 5.2.2. By Type (Value)
- 5.2.2.1. EPDM
- 5.2.2.2. Nitrile Rubber (NBR)
- 5.2.2.3. Others
- 5.2.3. By Application (Value)
- 5.2.3.1. HVAC
- 5.2.3.2. Automotive & Transportation
- 5.2.3.3. Electrical & Electronics
- 5.2.3.4. Others
- 5.2.4. By Region (Value)
- 5.2.4.1. North America
- 5.2.4.2. Europe
- 5.2.4.3. Asia Pacific
- 5.2.4.4. Latin America
- 5.2.4.5. Middle East & Africa
- 6. North America Elastomeric Foam Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Function (Value)
- 6.2.1.1. Thermal Insulation
- 6.2.1.2. Acoustic Insulation
- 6.2.2. By Type (Value)
- 6.2.2.1. EPDM
- 6.2.2.2. Nitrile Rubber (NBR)
- 6.2.2.3. Others
- 6.2.3. By Application (Value)
- 6.2.3.1. HVAC
- 6.2.3.2. Automotive & Transportation
- 6.2.3.3. Electrical & Electronics
- 6.2.3.4. Others
- 6.2.4. By Country (Value)
- 6.2.4.1. U.S.
- 6.2.4.1.1. By Function (Value)
- 6.2.4.1.1.1. Thermal Insulation
- 6.2.4.1.1.2. Acoustic Insulation
- 6.2.4.2. Canada
- 6.2.4.2.1. By Function (Value)
- 6.2.4.2.1.1. Thermal Insulation
- 6.2.4.2.1.2. Acoustic Insulation
- 6.2.4.3. Mexico
- 6.2.4.3.1. By Function (Value)
- 6.2.4.3.1.1. Thermal Insulation
- 6.2.4.3.1.2. Acoustic Insulation
- 7. Europe Elastomeric Foam Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Function (Value)
- 7.2.1.1. Thermal Insulation
- 7.2.1.2. Acoustic Insulation
- 7.2.2. By Type (Value)
- 7.2.2.1. EPDM
- 7.2.2.2. Nitrile Rubber (NBR)
- 7.2.2.3. Others
- 7.2.3. By Application (Value)
- 7.2.3.1. HVAC
- 7.2.3.2. Automotive & Transportation
- 7.2.3.3. Electrical & Electronics
- 7.2.3.4. Others
- 7.2.4. By Country (Value)
- 7.2.4.1. Germany
- 7.2.4.1.1. By Function (Value)
- 7.2.4.1.1.1. Thermal Insulation
- 7.2.4.1.1.2. Acoustic Insulation
- 7.2.4.2. UK
- 7.2.4.2.1. By Function (Value)
- 7.2.4.2.1.1. Thermal Insulation
- 7.2.4.2.1.2. Acoustic Insulation
- 7.2.4.3. France
- 7.2.4.3.1. By Function (Value)
- 7.2.4.3.1.1. Thermal Insulation
- 7.2.4.3.1.2. Acoustic Insulation
- 7.2.4.4. Italy
- 7.2.4.4.1. By Function (Value)
- 7.2.4.4.1.1. Thermal Insulation
- 7.2.4.4.1.2. Acoustic Insulation
- 7.2.4.5. Rest of Europe
- 7.2.4.5.1. By Function (Value)
- 7.2.4.5.1.1. Thermal Insulation
- 7.2.4.5.1.2. Acoustic Insulation
- 8. Asia Pacific Elastomeric Foam Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Function (Value)
- 8.2.1.1. Thermal Insulation
- 8.2.1.2. Acoustic Insulation
- 8.2.2. By Type (Value)
- 8.2.2.1. EPDM
- 8.2.2.2. Nitrile Rubber (NBR)
- 8.2.2.3. Others
- 8.2.3. By Application (Value)
- 8.2.3.1. HVAC
- 8.2.3.2. Automotive & Transportation
- 8.2.3.3. Electrical & Electronics
- 8.2.3.4. Others
- 8.2.4. By Country (Value)
- 8.2.4.1. China
- 8.2.4.1.1. By Function (Value)
- 8.2.4.1.1.1. Thermal Insulation
- 8.2.4.1.1.2. Acoustic Insulation
- 8.2.4.2. India
- 8.2.4.2.1. By Function (Value)
- 8.2.4.2.1.1. Thermal Insulation
- 8.2.4.2.1.2. Acoustic Insulation
- 8.2.4.3. Japan
- 8.2.4.3.1. By Function (Value)
- 8.2.4.3.1.1. Thermal Insulation
- 8.2.4.3.1.2. Acoustic Insulation
- 8.2.4.4. South Korea
- 8.2.4.4.1. By Function (Value)
- 8.2.4.4.1.1. Thermal Insulation
- 8.2.4.4.1.2. Acoustic Insulation
- 8.2.4.5. Rest of Asia Pacific
- 8.2.4.5.1. By Function (Value)
- 8.2.4.5.1.1. Thermal Insulation
- 8.2.4.5.1.2. Acoustic Insulation
- 9. Latin America Elastomeric Foam Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Function (Value)
- 9.2.1.1. Thermal Insulation
- 9.2.1.2. Acoustic Insulation
- 9.2.2. By Type (Value)
- 9.2.2.1. EPDM
- 9.2.2.2. Nitrile Rubber (NBR)
- 9.2.2.3. Others
- 9.2.3. By Application (Value)
- 9.2.3.1. HVAC
- 9.2.3.2. Automotive & Transportation
- 9.2.3.3. Electrical & Electronics
- 9.2.3.4. Others
- 9.2.4. By Country (Value)
- 9.2.4.1. Brazil
- 9.2.4.1.1. By Function (Value)
- 9.2.4.1.1.1. Thermal Insulation
- 9.2.4.1.1.2. Acoustic Insulation
- 9.2.4.2. Rest of Latin America
- 9.2.4.2.1. By Function (Value)
- 9.2.4.2.1.1. Thermal Insulation
- 9.2.4.2.1.2. Acoustic Insulation
- 10. Middle East & Africa Elastomeric Foam Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Function (Value)
- 10.2.1.1. Thermal Insulation
- 10.2.1.2. Acoustic Insulation
- 10.2.2. By Type (Value)
- 10.2.2.1. EPDM
- 10.2.2.2. Nitrile Rubber (NBR)
- 10.2.2.3. Others
- 10.2.3. By Application (Value)
- 10.2.3.1. HVAC
- 10.2.3.2. Automotive & Transportation
- 10.2.3.3. Electrical & Electronics
- 10.2.3.4. Others
- 10.2.4. By Country (Value)
- 10.2.4.1. South Africa
- 10.2.4.1.1. By Function (Value)
- 10.2.4.1.1.1. Thermal Insulation
- 10.2.4.1.1.2. Acoustic Insulation
- 10.2.4.2. Saudi Arabia
- 10.2.4.2.1. By Function (Value)
- 10.2.4.2.1.1. Thermal Insulation
- 10.2.4.2.1.2. Acoustic Insulation
- 10.2.4.3. Rest of Middle East & Africa
- 10.2.4.3.1. By Function (Value)
- 10.2.4.3.1.1. Thermal Insulation
- 10.2.4.3.1.2. Acoustic Insulation
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Elastomeric Foam Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 12. Company Profiles
- 12.1. Armacell International SA (Munstar, Germany)
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Type Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Hira Industries (Dubai, UAE)
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Type Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Zotefoams PLC (London, UK)
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Type Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. L’Isolante K-Flex S.P.A (Roncello, Italy)
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Type Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. Kaimann Insulation (NRW, Germany)
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Type Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. Huamei Energy-saving Technology Group Co., Ltd. (Beijing, China)
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Type Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. Aeroflex USA, Inc. (Tennessee, U.S.)
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Type Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. NMC Insulation (Eynatten, UK)
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Type Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Rubberlite. Inc. (Huntington, U.S.)
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Type Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. Kingswell World Industries (Langfang, China)
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Type Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 12.11. Other Key Players
- 12.11.1. Overview
- 12.11.2. Description
- 12.11.3. Type Portfolio
- 12.11.4. Financials (Data as available in public domain and/or on paid databases)
- 12.11.5. Recent Developments
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