Global Flexible Elastomeric Foam Market Size By Function (Thermal Insulation, Acoustic Insulation), By End-User (HVAC, Automotive & Transportation), By Type (NBR/PVC, EPDM, Natural Rubber), By Geographic Scope And Forecast

Flexible Elastomeric Foam Market Size And Forecast

Flexible Elastomeric Foam Market size was valued at USD 10.13 Billion in 2022 and is projected to reach USD 15.08 Billion by 2030, growing at a CAGR of 5.1% from 2024 to 2030.

Expandable polystyrene is great for packing bulky and delicate items such as furniture and consumer electronics. The material helps with the correct handling and transportation of these goods while providing adequate scratch protection, which boosts market demand for it. The Global Flexible Elastomeric Foam Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors playing a substantial role in the market.

Global Flexible Elastomeric Foam Market Definition

Closed-cell rubber foam made of or nitrile rubber is . Flexible elastic foam is frequently used on air conditioning and refrigeration piping because of its high vapor resistance. It is chosen for insulating chilled water, plumbing, and ductwork because it reduces condensation and offers long-term durability. Applications for flexible elastomeric foam include HVAC, automotive, and transportation systems.

Global Flexible Elastomeric Foam Market Overview

Infrastructure, automobiles, homes, and commercial buildings all employ to maintain the indoor climate. They involve heating, ventilation, and air conditioning to keep the space’s temperature, airflow, air quality, and ventilation under check. Increased demand is anticipated to drive the growth of the Flexible Elastomeric Foam Market from various application sectors, including hospitals, residential facilities, apartments, and others where a safe and healthy environment is regulated by weather conditions, specifically, humidity, temperature, and the availability of outdoor air.

The Occupational Safety and Health Administration’s (OSHA)’s strict regulations governing worker safety and health will increase demand for HVAC systems, further fueling this industry. HVAC systems are frequently utilized to keep a particular atmosphere necessary for producing or storing goods. For instance, OSHA has established specific Indoor Air Quality (IAQ) standards. Additionally, many different designs and types of HVAC systems contribute to raising the aesthetic value of a residential or business space. The automotive industry’s growing need for HVAC systems to maintain interior comfort, heat, and car ventilation considerably increases global demand.

Global Flexible Elastomeric Foam Market Segmentation Analysis

The Global Flexible Elastomeric Foam Market is segmented on the basis of Function, End-User, Type, and Geography.

Flexible Elastomeric Foam Market, By Function

• Thermal Insulation
• Acoustic Insulation

Based on Function, The market is segmented into Thermal Insulation and . The Thermal Insulation segment is anticipated to dominate the Flexible Elastomeric Foam Market. Thermal insulation can be accomplished using carefully tailored materials and techniques, such as glass wool, cellulose, etc. It is one of the main elements that affect the production process in industries, including textiles, buildings, general manufacturing, automotive, and mechanical systems.

Flexible Elastomeric Foam Market, By End-User

• HVAC
• Automotive & Transportation
• Others

Based on End-User, The market is segmented into HVAC, Automotive & Transportation, and Others. The HVAC segment is anticipated to dominate the Flexible Elastomeric Foam Market. HVAC systems regulate the ventilation, airflow, and heating in commercial and residential spaces. It is employed to keep the interiors of buildings and vehicles comfortable.

Flexible Elastomeric Foam Market, By Type

• EPDM
• NBR/PVC
• Natural Rubber
• Others

Based on Type, The market is segmented into NBR/PVC, EPDM, Natural Rubber, and Others. The EPDM segment is anticipated to dominate the Flexible Elastomeric Foam Market. It is a polymer with extraordinary qualities such as conformability, reduced permeability, and insulation. Used for insulating, sealing, and gasketing. It is frequently used for thermal, acoustic, and cushioning in many application areas, including cars and residential buildings.

Flexible Elastomeric Foam Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Regional Analysis, the Global Flexible Elastomeric Foam Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific will hold the largest Flexible Elastomeric Foam Market. The industrial sector’s high demand for HVAC systems to maintain ventilation and temperature will increase the demand for elastomeric foam. One of the most extensively utilized strategies, thermal insulation, is employed in many different industries to assist in maintaining the ideal atmosphere required for manufacturing. The demand for HVAC systems in this area will rise due to the rising demand from manufacturing businesses and storage facilities.

Key Players

The “Global Flexible Elastomeric Foam Market” study report will provide valuable insight emphasizing the global market. The major players in the market are Era Polymers, Armacell, Kaimann GmbH, AEROFLEX USA, Hira Industries, Rogers Corporation, Zotefoams PLC, L’Isolante K-Flex, Kaimann Insulation, Huamei Energy-saving Technology Group, NMC Insulation, Rubberlite, Kingswell World Industries, and Isidem Insulation.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

Key Developments

• In January 2022, The development of a new JIS standard for flexible elastomeric foam insulation products in Japan received backing from Armacell and the Ministry of Economy, Trade, and Industry of Japan. JIS A 9517, a new standard, was developed to provide quality requirements for flexible elastomeric foam insulation materials used in Japan’s construction sector.
• In January 2020, The UL classification label was awarded to Armacell’s Armaflex Ultra with flame defense technology.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Flexible Elastomeric Foam Market. We cover the major impacting factors driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Flexible Elastomeric Foam Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

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