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Global elastomeric foam market forecast at $4 billion by 2026

  3/26/2020 - Shanghai, China - The global elastomeric foam market in 2019 was approximately $2.6 billion. The market is expected to grow at a CAGR of 6.7 percent, and is anticipated to reach around $4 billion by 2026, according to Facts and Factors Research. Elastomeric foam is used as an alternative for natural insulating materials. It is used in refrigeration systems, plumbing and HVAC systems to restrain vapor and moisture from entering the system. Chlorofluorocarbons (CFCs), hydrofluorocarbons (HCFCs) or hydrofluorocarbons (HFCs) are not involved in their production. Hence it makes them ideal also for use in harsh environments. The volatile organic compounds (VOCs) content is very low level in elastomeric foam and is thus safe from the environmental standpoint. Increased demand for HVAC is expected to drive the market for elastomeric foams. Due to rising construction spending and increased revenue in major economies, the market for HVAC equipment is increasing rapidly. The major factor for the worldwide high demand for HVAC equipment is climate change. The need to minimize noise pollution is another major driver of the elastomeric foam market. Nevertheless, the elastomeric foam industry is hampered by a lack of awareness of the advantages of insulation. Strict government regulation that encourages energy efficiency creates new market opportunities in the next few years. The elastomeric foam market is divided into segments based on function, type, and end-use industry. Under the function segment, the thermal insulation category had the largest market share in 2018. Growth in this segment is attributed to the increasing use of thermal insulation from various end-use industries, such as HVAC and end-use heating and plumbing due to their exceptional characteristics, such as fire resistance and easy setup. The nitrile butadiene rubber category had the largest share in 2018, based on product segmentation. Because of its astonishing characteristics such as excellent reasonable cost, good fuel resistance, resistance to acid swelling and fire efficiency compared to other types of rubber, the growth of this segment is due to its growing use in various end-use industries. During the forecast period, the HVAC industry is expected to drive the market for elastomeric foams in the HVAC end-use industry as demand for energy savings in modern heating, ventilation and air conditioning systems increase. The Asia Pacific is the biggest and fastest growing market for elastomeric foam. This can be attributed to the increasing use in the HVAC system. However, the rising investment in the automotive and construction sector will also drive the market in the Asia Pacific region over the forecast period. The manufacturing industry is growing rapidly in Asian countries such as India and China. This is expected to accelerate the elastomeric foam demand in the upcoming years. The Asia Pacific region is followed by North America and Europe for the elastomeric foam market share. Steady growth in Europe is anticipated in the upcoming years. The key market players in the elastomeric foam market are Armacell International S.A., Huamei Energy-Saving Technology Group Co., Ltd., Kaimann GmbH, Hira Industries, NMC SA, Anavid Insulation Products KiryatAnavim Ltd., L'isolante K-Flex S.P.A., Aeroflex, ZotefoamsPlc, Jinan Retex Industries Inc., and others.

Thursday, August 6, 2020

Right Lane Industries acquires Belt Concepts from Contitech - click to expand

Continental expands research and development operations in northeast Indiana - click to expand

Cooper Tire announces 194th consecutive quarterly dividend - click to expand

Latin American & Caribbean Tyre Expo postponed until 2021 - click to expand

Apollo Tyres reports record June sales for replacement tires in India - click to expand

Wednesday, August 5, 2020

Davis-Standard markets elastomer solutions at RubberTech China - click to expand

Magna Tyres opens Czech Republic office - click to expand

Morgan Polymer Seals designs capless refueling seal for General Motors Cadillac CT6 - click to expand

Global liquid silicone rubber market to reach $3.5 billion by 2027 - click to expand

Bridgestone names Charlie Rule president of Latin America operations - click to expand

USTMA projects U.S. tire shipments will decrease to 279.4 million units in 2020 - click to expand

Tuesday, August 4, 2020

Global automotive aftermarket forecast at $638 billion by 2027 - click to expand

Cooper Tire reports $6 million loss for second quarter - click to expand

BASF opens distribution center for Colors & Effects brand in Germany - click to expand

TBC Corporation donates 200 computers to local schools - click to expand

Sterling Systems & Controls introduces customized system for rubber compounding applications - click to expand

Shin-Etsu Chemical develops improved silicone emulsions - click to expand

Monday, August 3, 2020

Siempelkamp adds two executives to management team - click to expand

Electronic adhesives market size projected at $4.9 billion by 2025 - click to expand

ACE Products & Consulting acquires GEOAnalytical - click to expand

Goodyear reports second quarter sales results - click to expand

Continental partners with CoxReels to provide hose management solutions - click to expand

Arkema reports second quarter 2020 results - click to expand

Friday, July 31, 2020

Dow honored with two awards at 2020 Ringier Technology Innovation Awards - click to expand

Global agricultural tire market projected to reach $15 billion by 2030 - click to expand

Orion Engineered Carbons to present at Jefferies Virtual Industrials Conference - click to expand

Impressio and MedShape awarded National Science Foundation grant to develop liquid crystal elastomer - click to expand

Top Glove petitions against U.S. import ban - click to expand

Global fluorine silicone rubber market forecast at $232 million by 2027 - click to expand

Thursday, July 30, 2020

Rubber Division, ACS, takes 2020 International Elastomer Conference virtual - click to expand

Dow reports lower second quarter 2020 results, announces 6 percent reduction in workforce - click to expand

Global silicone market forecast with a CAGR of 6 percent through 2024 - click to expand

International Rubber Study Group estimates sharp decline in global rubber demand - click to expand

Global OTR tire market size projected to reach $26 billion by 2027 - click to expand

Michelin moves export supply chain distribution center to Inland Port Greer, SC - click to expand

Market Reports

Global automotive rubber molding components market forecast at $57 billion by 2026 - click to expand

Global Liquid Silicone Rubber Market to Reach $3.5 Billion by 2027 - click to expand

USTMA projects U.S. tire shipments will decrease to 279.4 million units in 2020 - click to expand

Global automotive aftermarket forecast at $638 billion by 2027 - click to expand

International Rubber Studies Group estimates sharp decline in global rubber demand - click to expand

Global agriculture tire market is projected to reach $15 billion by 2030 - click to expand

Global silicone market forecast with a CAGR of 6 percent through 2024 - click to expand

Electronic Adhesives Market size for electronics is projected at $4.9 billion by 2025 - click to expand

Global OTR tire market size is projected to reach $26 billion by 2027 - click to expand

Global fluorine silicone rubber market forecast at $232 million by 2027 - click to expand

Global industrial rubber products market forecast with a CAGR of 6 percent through 2027 - click to expand

Global low rolling resistance tire market is anticipated to record a CAGR of 12.3% - click to expand

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