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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.

Friday, April 3, 2020

Toyo Tires introduces NanoEnergy M671 super regional drive tire - click to expand

Buy any book in Rubber World's bookstore and receive a free copy of either the Rubber Red Book or Blue Book - click to expand

Elkem Silicones announces strategic distribution partnership with IMCD in North America - click to expand

Mid-Atlantic Rubber and Plastics Group cancels spring meeting - click to expand

Yokohama Tire launches Geolandar CV in 33 sizes - click to expand

Synthomer Plc completes acquisition of Omnova Solutions - click to expand

Thursday, April 2, 2020

Flexible Solutions International announces financial results for full year - click to expand

Goodyear continues to suspend plant operations until further notice - click to expand

GRI continues to serve customers as an essential business - click to expand

Qinghuang Lin wins Roy W. Tess Award in Coatings for 2020 - click to expand

Fluorosilicone market forecast with a CAGR of 9.2 percent through 2025 - click to expand

​Nanostructured rubber-like material with optimal properties could replace human tissue - click to expand

Wednesday, April 1, 2020

ZC Rubber to expand rubber recycling capacity to 20,000 tons - click to expand

Davis-Standard identified as essential business; will continue to operate - click to expand

Bourbon Trail Elastomer Group postpones golf outing - click to expand

Buy any book in Rubber World's bookstore and receive a free copy of either the Rubber Red Book or Blue Book - click to expand

AirBoss announces $96 million contract for FlexAir PAPR system from FEMA to help battle Covid-19 - click to expand

TPE and Silicone Elastomers World Summit 2020 seeking abstracts for December conference - click to expand

Tuesday, March 31, 2020

Solvay names ResMart, LLC as North American distributor for medical grade polymers - click to expand

Toyo Tires suspends operations at tire manufacturing plant in White, Georgia - click to expand

Titan International keeps U.S. manufacturing facilities open to support food and agriculture industries - click to expand

R.D. Abbott remains open for critical distribution and laboratory services - click to expand

Rubber Groups postpone and cancel meetings - click to expand

Adhesive tapes market projected to grow to $79.9 billion by 2025 - click to expand

Dow to expand silicone manufacturing facility in Zhangjiagang, China - click to expand

Monday, March 30, 2020

Center for the Polyurethanes Industry releases video series on safe handling of MDI and TDI - click to expand

Rubber Division, ACS calls for abstracts for the 2020 International Elastomer Conference Technical Meeting and Student Colloquium - click to expand

Yokohama suspends production at Mississippi truck tire plant - click to expand

ACE Products & Consulting operating as an essential business - click to expand

Netzsch presents Analytica@Home - click to expand

Greene Tweed earns silver LEAP Award for WR 650 thermoplastic composite - click to expand

Friday, March 27, 2020

Global structural adhesives market forecast at $28 billion by 2026 - click to expand

Flexicon granted waiver as supplier to essential industries - click to expand

Goodyear Commercial Tire & Service centers remain open nationwide - click to expand

KraussMaffei Group announces resignation of CEO Dr. Frank Stieler - click to expand

Book of the day: Chemical Resistance Guide for Elastomers IV - click to expand

Starrett to remain open as essential business - click to expand

Market Reports

Fluorosilicone market forecast with a CAGR of 9.2% through 2025 - click to expand

Adhesive tapes market is projected to grow to $79.9 billion by 2025 - click to expand

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