Flexible elastomeric foam insulation for mechanical systems including: plumbing, refrigeration, HVAC and solar applications. Elastomeric foam insulation was developed in the 1950s. The introduction of this and other polymer-based materials marked an important industry transition from the use of natural materials, such as cork, to the use of synthetic materials and chemicals. The popularity of elastomeric insulation grew quickly, primarily because it eliminated the need for any type of vapor barrier to prevent the transference of moisture.
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The Asia-Pacific will take an increasing significant part in global flexible elastomeric foam market, due to the strong demand from China, India and Southeast Asian countries.
Currently, Armacell, K-FLEX, NMC, Zotefoams and Kaimann are major manufacturers of this industry. Armacell is a global leader. In 2017, the sales of Invista was 99.9 k tons, and the company held a share of 34%. In most segment market, Armacell and K-FLEX have an absolute market share due to production sites located around the world. At the same time, large manufacturers continue to acquire small businesses to capture more market share.
According to this study, over the next five years the Flexible Elastomeric Foam market will register a 3.0% CAGR in terms of revenue, the global market size will reach US$ 1920 million by 2024, from US$ 1660 million in 2019.
In particular, this report presents the global market share (sales and revenue) of key companies in Flexible Elastomeric Foam business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Flexible Elastomeric Foam market by product type, application, key manufacturers and key regions and countries.
This study considers the Flexible Elastomeric Foam value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
- NBR Based Elastomeric Foam
- EPDM Based Elastomeric Foam
- Chloroprene Based
- Elastomeric Foam
- Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
- HVAC
- Plumbing
- Refrigeration
- Automotive
- Oil & Gas
- Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
- Americas
- United States
- Canada
- Mexico
- Brazil
- APAC
- China
- Japan
- Korea
- Southeast Asia
- India
- Australia
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Spain
- Middle East & Africa
- Egypt
- South Africa
- Israel
- Turkey
- GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
The key manufacturers covered in this report: Breakdown data in in Chapter 3.
- Armacell
- K-FLEX
- NMC
- Zotefoams
- Kaimann
- Aeroflex USA
- Union Foam
- Thermaflex
- Durkee
- Huamei
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
- To study and analyze the global Flexible Elastomeric Foam consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Flexible Elastomeric Foam market by identifying its various subsegments.
- Focuses on the key global Flexible Elastomeric Foam manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Flexible Elastomeric Foam with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Flexible Elastomeric Foam submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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Global Flexible Elastomeric Foam Market Forecast 2020-2027The flexible Elastomeric Foam Market is expected to reach USD 3.17 Billion by 2026, according to a new report by Reports and Data.
The flexible elastomeric foam market is anticipated to show robust growth during the forecast period.
These are lightweight and implement excellent insulation, thereby decreasing the overall weight of any structure.
The high penetration is in several end-user industries such as healthcare, automotive, construction, electrical & electronics and consumer goods due to their characteristics such as lightweight, high insulation properties which are anticipated to drive the growth of the market.Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market.
The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties.
The report also offers an insight into the growth prospects during the forecast period.
Global Flexible Elastomeric Foam market is accounted for $2.08 billion in 2017 and is expected to reach $3.35 billion by 2026 growing at a CAGR of 5.4% during the forecast period.
Superior Properties of Flexible Elastomeric Foams and rise in the end-use industries of flexible elastomeric foams are some of the factors propelling market growth.
Moreover, the lack of awareness about the benefits of insulation is restricting the market.
In addition, increasing opportunities in the healthcare sector are providing ample opportunity.Elastomeric foam insulation products are those which have insulation properties.
These are light weight and thus reduce the overall weight of the structure.
Furthermore, increasing industrialization, increasing miniaturization, and improving technologies are giving rise to an increased demand for the insulation materials.Based on function, the thermal insulating segment accounted for flexible elastomeric foams is always efficient in reducing energy consumption as they possess properties such as low thermal conductivity, water vapor barrier, and keeping product environmentally friendly.
