Elastomeric Foam Market Analysis

Application (Automotive, HVAC, Plumbing, Electronics)

The global elastomeric foam market is segmented and analyzed for demand and supply by application in automotive, HVAC, plumbing, and electronics. Out of these segments, the HVAC segment is projected to grow the fastest by the end of 2033 and provide the most opportunities. For instance, it is anticipated that by 2050, over 65% of all homes will have an air conditioning system. The HVAC system is used to insulate or maintain the internal conditions of vehicles or buildings. The HVAC controls the heat, vapor, humidity, ventilation, sterilization, condensation, temperature, and airflow of the surrounding area. The rising number of hospitals, automotive, residential, and commercial buildings with the need for a safe and hygienic environment is increasing. The indoor air quality is also maintained by the HVAC systems.

Type (Nitrile Butadiene Rubber, Ethylene Propylene Diene Monomer, Chloroprene, Epichlorohydrin, Styrene-Butadiene Rubber)

The global elastomeric foam market is also segmented and analyzed for demand and supply by type into nitrile butadiene rubber, ethylene propylene diene monomer, chloroprene, epichlorohydrin, and styrene-butadiene rubber. Amongst these three segments, the nitrile butadiene rubber (NBR) or polyvinyl Chloride (PVC) segment is expected to garner a significant share. The increasing use of NBR in place of other types of rubber owing to its resistance towards, acid swelling, fuel, fire, and lower cost. NBR insulation is very flexible insulation and is used in various sectors including the insulation industry, air conditioning, HVAC industry, and plumbing sector. The NBR is a closed-cell elastomeric insulation, which is an oil-resistant synthetic rubber that can be used to insulate any curved shape material owing to its flexible nature. Usually, nitrile rubber is used in the automotive and aerospace sectors in the making of gas, petrol, and oil or any fuel hoses, seals, gaskets, and rollers. As per the estimations, in 2021 USD 1,300,400 worth of NBR is imported in the form of plates, sheets, or strips up from USD 90,000 in 2020.

Our in-depth analysis of the global market includes the following segments:

By Type	Nitrile Butadiene Rubber Ethylene Propylene Diene Monomer Chloroprene Epichlorohydrin Styrene-Butadiene Rubber
By Application	Automotive HVAC Plumbing Electronics

Frequently Asked Questions (FAQ)

Growing demand in various sectors such as HVAC and automotive, and the need for eco-friendly materials are driving the growth of the elastomeric foam market.

The market is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2023-2033.

Environmental concerns and poor chemical compatibility in certain conditions are the challenges affecting market growth.

The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are a Rogers Foam Corporation, Hira Industries LLC, Armacell International S.A., Zotefoams plc, L'ISOLANTE K-FLEX S.p.A., Rubberlite, Inc., NMC SA, Kaimann GmbH, Jacobs & Thompson Inc., Aeroflex USA, Inc., and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, application and by region.

The HVAC segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.

Elastomeric Foam Market Analysis