The Global Flexible Elastomeric Foam Market is projected to reach a value of over USD 3.0 billion by 2027 at a CAGR of around 3.8%.
Flexible elastomeric foam is a closed-cell flexible insulation material which is fiber-free, prevents condensation, and resists molds without a separate, fragile vapor retarder. These exhibits high vapor resistance and is generally used on refrigeration and air conditioning pipework. Flexible elastomeric foam is material suitable for insulating chilled water, plumbing, and ductwork. Ease of installation, condensation control for cold pipes, high flexibility, mechanical resistance, and low total system cost are some of the benefits offered by the flexible elastomeric foam.
Market Driver:
Flexible elastomeric foam is used in the HVAC system as active barriers against the entry of moisture and vapor into the system. These are used as a substitute for the natural insulating materials such as cork and others. The demand for HVAC equipment is rising owing to growing spending in construction activities and rising disposable income across the globe. HVAC units add the aesthetic value of residential and commercial places. Moreover, the manufacturing method of elastomeric foam does not include chlorofluorocarbons (CFCs), hydrochlorofluorocarbons (HCFCs), or hydrofluorocarbons (HFCs), making it environmentally friendly, which in turn expected to boost the market. Some of the companies are heavily investing in research & development to manufacture innovative products such as hybrid HVAC which uses multiple sources of energy for cooling and heating application. Thus, owing to these factors, the application of flexible elastomeric foam in HVAC systems is anticipated to increase during the forecasted period. s
Market Opportunity:
Healthcare facilities have a strict requirement to ensure patients benefits from the best medical care possible. Use of flexible elastomeric foam in equipment helps to increase energy efficiency and contributes towards a safer and more comfortable environment for patients and healthcare workers. Thus, flexible elastomeric foam is used in various medical equipment such as in duct liner, and others. Use of flexible elastomeric foam in duct liner is effective at sound attenuators and supports high IAQ (Indoor Air Quality) standards owing to which it is best suited in the healthcare environment. Thus, benefits offered by flexible elastomeric foam in various healthcare application has posed an opportunity for market growth during the forecasted period.
The report on the flexible elastomeric foam market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million), Volume (Kiloton) |
Segments Included |
Type, Function, Application, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Flexible Elastomeric Foam Market, by Type
Flexible Elastomeric Foam Market, by Function
Flexible Elastomeric Foam Market, by Application
Flexible Elastomeric Foam Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE FLEXIBLE ELASTOMERIC FOAM MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY