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Allied Market Research

Elastomeric foam Market by Technology (Thermal Insulation and Acoustic Insulation), Application (Chilled water pipe & equipment insulation, Acoustic attenuation of pipes and ducts, Duct liner, Refrigerant pipe insulation and Others) and Industry Vertical (HVAC, Heating & Plumbing, Refrigeration, Transportation, Others): Global Opportunity Analysis and Industry Forecast, 2021-2028

A11805
Pages: NA
Aug 2021 | 147 Views
   
Author(s) : Eswara Prasad
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Elastomeric foam Market Outlook – 2028

Elastomeric foam is an artificial rubber made up of closed-cell structure which is available in factory-made tubes, sheets or rolls. They are also called as flexible elastomeric cellular insulation, closed-cell elastomeric foam insulation, cellular elastomeric, unicellular insulation and so on forth. Closed cell elastomeric foam has sturdy water vapor permeability to withstand moisture absorption, so neither its overall performance nor its sturdiness is impaired with the presence of moisture in a ventilating, heating, air-conditioning, and plumbing. Demand for elastomeric foam has grown sharply during the last 2 decades because of its heightened awareness of indoor air quality. Since elastomeric foam does not have formaldehyde or fibers, and has a very low volatile organic compounds (VOCs), it is widely accepted by the IAQ advocates. The popularity of elastomeric insulation is growing very quickly, because it reduces the need for any sort of vapor barrier to prevent moisture. It is widely used as an insulator in refrigeration piping and ductwork applications.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2019–2028

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Segments Covered

  Technology, Application, Industry Vertical, and Region

  Regions Covered

  North America, Europe, Asia-Pacific, LAMEA

  Companies Covered

Armacell International SA, L'Isolante K-Flex S.P.A, Huamei Energy-saving Technology Group Co., Ltd., Jinan Retek Industries Inc., Kingswell World Industries, Aeroflex USA, Inc., Zotefoams PLC, Hira Industries, NMC Insulation, Kaimann Insulation

 

COVID-19 Impact analysis

  • The current coronavirus outbreak had a huge effect on numerous economies throughout the globe including Elastomeric foam Market. Many nations had been compelled to move in lockdown going to the pandemic situation which cause the shutdown of manufacturing centers of about every industry worldwide for the particular period of time.
  • Due to practices which include social distancing and lockdowns, during COVID-19 pandemic there has been a big shortage of resources and raw materials throughout the globe. This has affected the manufacturing of elastomeric foam throughout the world.
  • Due to the lockdown in China, the manufacturing industries and automotive industries was greatly impacted as China is one of the top leaders of these industries. This has highlighted the dependency on China because of that many companies have decided to shift their businesses in the U.S and European regions to lessen risks.

Top Impacting Factors

The growth of HVAC system, heating & plumbing, and transportation industries are driving the demand for Elastomeric foam Market. The popularity of elastomeric insulation is growing very quickly, because it reduces the need for any sort of vapor barrier to prevent moisture. It is widely used as an insulator in refrigeration piping and ductwork applications. High cost and Lack of awareness among consumers are the few factors that restrains the growth of elastomeric foam in the market.  Elastomeric foam insulation products are light-weight and for that reason, reduces the general weight of the structure. Moreover, growing industrialization, growing miniaturization, and enhancing technology are boosting the demand for insulation materials, hence there are growing possibilities for the elastomeric foam insulation market.

Market Trends

  • A non-halogen foam appropriate to be used on stainless steel at high-temperature applications has been introduced in the market.
  • New colors foams, including white has been introduced in the market which help the users to save the extra time and cost of priming or painting on indoor applications.
  • Armacell has obtained TB Concept Inc. (Canada) that is a producer of patented pipe support solution. This acquisition is predicted to reinforce the presence of Armacell in Canada and could assist in strengthening its role in worldwide market.
  • Aeroflex USA had released elastomeric flexible closed-cell foam insulation under the brand, Aerocel ULP that is the latest version of Aerocel EPD. This improvement will assist the company enhance its presence specifically in the rising economies.

Key Segments Covered

Technology

  • thermal Insulation
  • Acoustic Insulation

Application

  • Chilled water pipe & equipment insulation
  • Acoustic attenuation of pipes and ducts
  • Duct liner
  • Refrigerant pipe insulation
  • Others

Industry Vertical

  • Chemical & Petrochemical
  • Oil & Gas
  • Energy & Power
  • Automotive
  • Healthcare
  • Others

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Key Benefits of the Report

  • This study presents the analytical depiction of the elastomeric foam industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the elastomeric foam market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the elastomeric foam market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed  elastomeric foam market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the elastomeric foam Report

  • Who are the leading market players active in the elastomeric foam market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
    • Upcoming Report specific FAQs Examples: Can be utilized randomly 4-5 FAQs per RD OR other from own suggestions, suitable for upcoming report.
      • What is "elastomeric foam"?
      • What does "elastomeric foam" allow organizations to achieve?
      • Which technologies combine to make "elastomeric foam" a critical organizational asset?
      • What is "elastomeric foam" Market prediction in the future?
      • Who are the leading global players in the "elastomeric foam" Market?
      • What are the current trends and predicted trends?
      • What are the challenges faced in the "elastomeric foam" Market?
 
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