Elastomeric Foam Insulation Market Report: Trends, Forecast and Competitive Analysis

Texas, November 28, 2018 (Newswire.com) - 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 reach an estimated $1.6 billion by 2023 with a CAGR of 4.1% from 2018 to 2023. 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.

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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.

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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 2018-2023: 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 2012 – 2023]:

·         Building and construction

·         Automotive

·         Industrial

·         Electrical & electronics

·         Healthcare

·         Others

By Product Type [Volume (M lbs) and $M shipment analysis for 2012 – 2023]:

·         Closed Cell

·         Open Cell

By Function [Volume (M lbs) and $M shipment analysis for 2012 – 2023]:

·         Thermal Insulation

·         Acoustic Insulation

·         Others 

 By Region [Value ($ Million) from 2012 to 2023]:

·         North America

-       US

-       Canada

-       Mexico

·         Europe

-       Germany

-       France

-       UK

-       Spain

-       Italy

·         APAC

-       China

-       Japan

-       India

·         ROW

-       Brazil

-       UAE

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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   helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:

Q.1 What are some of the most promising, high-growth opportunities for the global elastomeric foam insulation market to 2023 by product type (closed cell and open cell), end use industry (building and construction, automotive, industrial, electrical and electronics, healthcare, and others), function (thermal insulation, acoustic insulation, and others) and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q. 2 Which segments will grow at a faster pace and why?

Q.3 Which regions will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats to the market?

Q.6 What are the emerging trends in this market and reasons behind them?

Q.7 What are some changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?

Q.11 What M&A activity has occurred in the last 5 years?

Source: Lucintel