Global Flexible Elastomeric Foam Market: Overview
Rising application of flexible elastomeric foam in different industries including solar piping, air-conditioning, industrial piping, and automotive and construction walls has led the demand in the global flexible elastomeric foam market. Moreover, increasing residential and nonresidential construction, as to provide better living space for growing population has further augmented demand in this market.
Additionally, growing opportunities in the healthcare sector and superior properties of flexible elastomeric foam has increased it applicability in various end-use industries. Strict government regulations and emphasis on high-energy efficiency are other reasons providing a fillip in the global flexible elastomeric foam market. Numerous other parameters including regional growth, segmentation, strategies adopted by companies also contributes in the growth of this market. Ongoing trends and recent developments equally contribute in fueling demand for flexible elastomeric foam. These insights assist players and decision makers to take well-informed and better decisions.
Global Flexible Elastomeric Foam Market: Notable Developments
Players in the global flexible elastomeric foam market are focusing on research and development activities that will help the players to gain higher share in the global market.
- An Italian manufacturer of acoustic insulation solutions Guarto SRL was acquired by Armacell. With this acquisition, Armacell plans to expand its advanced insulation and engineered foams product. The company aims to meet growing demand for flexible elastomeric foam especially in South Europe.
- Armacell in 2017 launched a novel product named AP Armaflex. The product is especially designed for grooved fittings. The product is pre-fabricated and saves time.
L'ISOLANTE K-FLEX, Armacell International S.A., Kaimann GmbH, Rogers Corporation, Aeroflex, and Hira Industries are few other companies operating in the global flexible elastomeric foam market.
Global Flexible Elastomeric Foam Market: Trends and Opportunities
Significant rise in end-use industries such as solar piping, air-conditioning, industrial piping, and automotive and construction has boosted growth in the global flexible elastomeric foam market. Moreover, superior properties of elastomeric foams have also augmented demand in the global flexible elastomeric foam market.
However, lack of awareness about the benefits of insulation and difficulty in the disposal of elastomeric foams might restrict growth in the global flexible elastomeric foam market. But with increasing opportunities mainly in the healthcare sector of flexible elastomeric foam and strict government regulations that encourages energy efficiency are projected to minimize the effect of these challenges in the forthcoming years.
Developing Building and Construction Sector to Bolster Asia Pacific Flexible Elastomeric Foam Market
Based on regional growth, the global flexible elastomeric foam market is segmented into Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. Among these regions, Asia Pacific seems to hold larger share in the market. Over the forecast period, Asia Pacific is expected to hold maximum share in the global flexible elastomeric foam market. Huge population base in emerging economies including China and India and high economic development are the key reasons driving demand for flexible elastomeric foam. Moreover, developments taking place in the building and construction sector to provide better housing facilities to the growing population has augmented demand in this market. Significant rise of HVAC applications in both residential and commercial sectors further augmented demand in the Asia Pacific flexible elastomeric foam market.
Market segmentation based on geography:
- North America
- South America
- Asia Pacific
- Middle East and Africa
This report gives access to decisive data, such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report include:
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments