Data Bridge Market Research has recently added a concise research on Global Elastomeric Foam Market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline. Some are the key & emerging players that are part of coverage and have being profiled are Recaa Insulation Systems Sdn. Bhd., ERA Polymers , Merryweather Foam, Inc, Sekisui Plastics Co. Ltd. , China Ining Industrial Group Co., Ltd, Huamei, Kaimann GmbH, Zotefoams PLC, Jinan Retek Industries Inc among other.
Elastomeric foam is made up in a form of cellular structure in which millions of tiny barriers that resist the migration of liquid. The cellular structure minimizes the threats associated with moisture and ensures long term and steady performance. The closed cell elastomeric foam has strong water vapour absorptivity to moisture resistance. Elastromeric foam has wide application in automotive, Electrical & electronics and other. According to Statista the consumer electronic segment amounts to USD 301,311 million in 2018. Most of the revenue is generated from china. As per the article published by trading economics the sales of vehicles in chine rose by 9.6 % in the year 2018 and around 2.29 million units have been sold by the end of the moth may in 2018. Thus, above factor proves that the demand for automotive and electronics around the globe is growing and will drive the demand for elastomeric foam.
Analysis of Global Elastomeric Foam Market report:
The Global Elastomeric Foam market is expected to reach USD 1.71 billion by 2025, from USD 1.21 in 2017 growing at a CAGR of 6.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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- Raising demand by end-use industries of elastomeric foams.
- Growing purchasing power and high economic growth in Asia-Pacific.
- Increase in construction and manufacturing industry.
- Low penetration in underdeveloped countries.
- Lack of awareness regarding installation of elastomeric foam.
Top Manufacturers Profiles Operating in the Global Elastomeric Foam Market:
The key players operating in the global elastomeric foam market are –
- Rogers Corporation
- Armacell International S.A
- Zotefoams PLC.
- L’isolante K-Flex S.P.A.
- Aeroflex USA, Inc.
The other players in the market are Rubberlite, Inc., ODE Insulation, Kingwell World Industries, Inc , Recaa Insulation Systems Sdn. Bhd., ERA Polymers , Merryweather Foam, Inc, Sekisui Plastics Co. Ltd. , China Ining Industrial Group Co., Ltd, Huamei, Kaimann GmbH, Zotefoams PLC, Jinan Retek Industries Inc among other.
Global Elastomeric Foam Market Segmentation:
By Market Type
- Natural Rubber
- Synthetic Rubber
- Nitrile Butadiene Rubber (NBR)
- Ethylene Propylene Dine Monomer (EPDM)
- Chloroprene (CR)
By End-Use Industry
- Electrical & Electronics
- North America
- South America
- Asia Pacific
- Middle-east and africa
The global elastomeric foam market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Elastomeric Foam market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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