Elastomeric Foam Market Share

APAC Market Statistics

Asia Pacific industry is set to hold largest revenue share of 37% by 2037. This can be owed to the fact that India and China, the two largest Asian economies, are expanding rapidly. Moreover, the region now has the largest global demand for air conditioning. The rapid changes in the climate and increasing population in the region increase the need for HVAC systems in the region. Also, the increasing concern regarding greenhouse gases and rising solutions for growing carbon dioxide emissions. Additionally, the increasing automotive and construction sectors in the region owing to the increasing spending capacity of people with rising disposable income.