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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, March 27, 2020

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

Starrett to remain open as essential business - click to expand

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

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

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

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

Thursday, March 26, 2020

Rubber Division offers free webinar: Impact of COVID-19 on our Industry - click to expand

Jack Stanek assumes role of central regional manager for H.M. Royal - click to expand

Montech Rubber Testing Solutions continues operations as an essential business - click to expand

Gluco offers refurbishing of EPDM rubber presses - click to expand

ASTM International cancels May in-person standards meetings - click to expand

Global elastomeric foam market forecast at $4 billion by 2026 - click to expand

Wednesday, March 25, 2020

ACS Fall 2020 National Meeting & Exposition abstract deadline extended - click to expand

Global butadiene market forecast at $43 billion by 2026 - click to expand

Endurica publishes 2020 software release - click to expand

Davis-Standard assembles COVID-19 global steering committee to keep operations on track - click to expand

Cooper Tire and United Steelworkers ratify new labor agreement - click to expand

USTMA urges congressional leadership to enact policies to provide economic relief - click to expand

Tuesday, March 24, 2020

Cooper Tire shuts down facilities in the United States, Mexico and Europe - click to expand

Flexible Solutions International suspends dividend until further notice - click to expand

Plastics Industry Association requests plastic resin and plastic product manufacturers be included as essential during crisis - click to expand

World Rubber Summit 2020 postponed - click to expand

ARPM, MAPP and AMBA release COVID-19 policies report - click to expand

M.R. Mold & Engineering remains open as essential business - click to expand

Monday, March 23, 2020

Apollo Tyres leadership takes voluntary pay cut - click to expand

ISRI requests national essential designation for U.S. recycling operations - click to expand

Original equipment tire brands finding right balance, J.D. Power finds - click to expand

Yokohama Tire announces voluntary recall of 4,209 tires - click to expand

Latin American & Caribbean Tire Expo and Latin Auto Parts Expo postponed - click to expand

Conductive silicone market forecast at $3.8 billion by 2025 - click to expand

Market Reports

Global elastomeric foam market forecast at $4 billion by 2026 - click to expand

Global butadiene market forecast at $43 billion by 2026 - click to expand

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

Conductive silicone market forecast at $3.8 billion by 2025 - click to expand

Fluoroelastomer market is projected to reach $1.64 billion by 2022 - click to expand

Global industrial rubber market forecast at $44.6 billion by 2026 - click to expand

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