According to a new market report published by Lucintel, the future of the elastomeric foam insulation market looks promising with opportunities in the building and construction, automotive, industrial, electrical and electronics, and healthcare industries. The global elastomeric foam insulation market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $1.7 billion by 2025 with a CAGR of 3% to 5% from 2020 to 2025. The major drivers for this market are construction activities and stringent government regulation for energy efficiency.

Browse 118 market data tables and 139 figures spread through 211 pages and in-depth TOC on “Global Elastomeric Foam Insulation Market"

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In this market, closed cell and open cell are used for elastomeric foam insulation manufacturing for product type. Lucintel forecasts that closed cell is expected to remain the largest product type and witness the highest growth over the forecast period due to its excellent thermal insulation and moisture resistance properties.

Within the elastomeric foam insulation market, building and construction will remain the largest end use industry due to rise in building and construction activities and supportive government regulations for energy efficient structures. The electrical and electronics segment is expected to witness the highest growth in the forecast period due to its increasing usage in various consumer appliances such as refrigerators and air conditioners.

Asia Pacific is expected to remain the largest market and to witness the highest growth over the forecast period supported by increasing residential construction and government regulations for energy efficiency.

Emerging trends, which have a direct impact on the dynamics of the industry, include the development of superior thermal performance insulation for high temperature applications and UV resistant foam insulation with excellent protection from weather and mechanical abuse. Armacell, K-Flex, Aeroflex, Humaei, Kaimann, Zotefoams, and Hira Industries are among the major suppliers of elastomeric foam insulation.

Lucintel, a leading global market research firm has analyzed growth opportunities in the global elastomeric foam insulation market by function, end use industry, product type, and region has compiled a comprehensive research report entitled “Growth Opportunities in the Global Elastomeric Foam Insulation Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global elastomeric foam insulation market by function, end use industry, product type, and region as follows:

By End Use Industry [Volume (M lbs) and $M shipment analysis for 2014 – 2025]:

Building and constructionAutomotiveIndustrialElectrical & electronicsHealthcareOthers
By Product Type [Volume (M lbs) and $M shipment analysis for 2014 – 2025]:

Closed CellOpen Cell
By Function [Volume (M lbs) and $M shipment analysis for 2014 – 2025]:

Thermal InsulationAcoustic InsulationOthers
By Region [Value ($ Million) from 2014 to 2025]:

North AmericaUSCanadaMexicoEuropeGermanyFranceUKSpainItalyAPACChinaJapanIndiaROWBrazilUAE
This 211-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/elastomeric-foam-insulation-market.aspx#/ or [email protected].

About Lucintel

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