|
Home | Technology News Search Engine:
|
|
|
|
Home: Technology News:
|
|
|
(IT-NEWSWIRE.COM, August 13, 2024 ) The report "Elastomeric Foam Market by Function (Thermal Insulation, and Acoustic Insulation) Type (NBR, and EPDM), End-Use Industry (HVAC, Refrigeration, Heating & Plumbing, and Transportation), and Region - Global Forecast to 2024", The elastomeric foam market is expected to grow from USD 2.6 billion in 2019 to USD 3.6 billion by 2024, at a CAGR of 6.7 % during the forecast period.
Browse in-depth TOC on "Elastomeric Foam Market”
92 - Market Data Tables
32 - Figures
122 - Pages
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=164243544
Thermal Insulation to dominate the global elastomeric foam market during the forecast period
The elastomeric foam market has been segmented based on function into thermal and acoustic insulation. Among these the thermal insulation segment accounted for the largest share of the market in 2018 and is projected to grow at highest CGAR over the forecast period. The growth in this segment is attributed to its increasing usage of thermal insulation because of its ability to to prevent heat transfer between outside and inside of the building, another advantage of thermal insulation is its lightweight properties, which help prevent thermal stress on the roofs of building and fire resistance property. These factors are expected to drive demand during the forecast period.
NBR to dominate the global elastomeric foam market during the forecast period
The elastomeric foam market has been segmented based on types into NBR, EPDM, CR and others. Among these types, the NBR segment accounted for the largest share of the market in 2018 and is likely to witness significant growth over the forecast period. The growth in this segment is attributed to its increasing usage in various end-use industry due to its excellent mechanical & physical properties and low price when compared with others types such as EPDM. These factors are expected to drive demand during the forecast period.
Get Sample Pages of This Report @https://www.marketsandmarkets.com/requestsampleNew.asp?id=164243544
HVAC end-use industry is expected to grow at the highest CAGR in the global elastomeric foam market during the forecast period
HVAC is growing rapidly owing to the rising demand for HVAC in automotive and construction because of its ability to provide thermal comfort and acceptable indoor air quality within reasonable installation, energy efficiency, and operation & maintenance costs. The above mentioned factors are accepted to drive the demand during the forecast period.
APAC is expected to hold the largest market size in the global elastomeric foam market during the forecast period
APAC is estimated to be the leading elastomeric foam market during the forecast period. The growth in the APAC region can be attributed to the rising demand for elstomeric foam from various end-use industries such as HVAC, heating & plumbing and transportation, among others. The presence of a robust industrial base, favorable government policies, and low labor costs are further strengthening the elastomeric foam market and attracting major players to invest in APAC.
Elastomeric Foam Market Key Players
Armacell International SA (Germany), Hira Industries (UAE), Zotefoams PLC (UK), L’Isolante K-Flex S.P.A (Italy), Kaimann Insulation (Germany), Huamei Energy-saving Technology Group Co., Ltd. (China), Jinan Retek Industries Inc. (China), Aeroflex USA, Inc. (US), NMC Insulation (Belgium), and Anavid Insulation Products Kiryat Anavim Ltd.(Israel), are the key players operating in the elastomeric foam market.
Don't miss out on business opportunities in Elastomeric Foam Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=164243544
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
360Quadrants
Mr. Rohan Salgarkar
1-888-600-6441
raviraj.tak@marketsandmarkets.com
Source: EmailWire.Com 
Source: EmailWire.com
|
|
|
|
|
Technology News Headlines
|
|
|
|
|
Technology Business Video Feed
|
|
More Technology Video Feeds
|
|
|
