Market Overview:
The global closed cell elastomeric foam market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for elastomeric foam in various applications, such as HVAC, plumbing, refrigeration, automotive, oil & gas and others. Additionally, the growing awareness about energy-efficient buildings is also propelling the growth of this market. Based on type, the global closed cell elastomeric foam market can be segmented into NBR based elastomeric foam, EPDM based elastomeric foam and chloroprene based elastomeric foam. The NBR based segment is expected to account for a major share of the global closed cell elastomeric foam market during the forecast period owing to its properties such as high resistance against abrasion and chemicals. Based on application, this market can be divided into HVAC (heating ventilation and air conditioning), plumbing fixtures & fittings,, refrigeration systems,, automotive components,, oil & gas industry components and others segments including construction industry applications etcetera). Among these applications segments,.HVAC is projectedto register highest CAGR overthe forecast period owingto increasing demand from developing countries across regions.
Product Definition:
Closed cell elastomeric foam is a type of insulation that is composed of small, closed cells. These cells are filled with gas, which makes the foam very resistant to heat transfer. This makes closed cell elastomeric foam an excellent insulator, and it is often used in buildings and vehicles to keep heat or cold from escaping.
NBR Based:
NBR (Non-Binding Resins) is a group of thermoplastic polymers used as crosslinking agents in elastomeric products. NBR based crosslinked foams are widely utilized in various end-use industries such as transportation, packaging, building & construction and electrical & electronics. The growth factor for the market is Cross-Linked Polyethylene (XLPE).
EPDM Based:
Polyethylene Dichloride (EPDM) is a transparent, viscous liquid that is non-toxic and odorless. It has excellent weather resistance and high tensile strength. EPDM can be easily processed by compression molding, extrusion blow molding, calendaring, thermoforming or pultrusion process.
Application Insights:
The global closed cell elastomeric foam market is segmented on the basis of application into HVAC, plumbing, refrigeration and automotive. The refrigeration application segment held the largest share in 2017 due to high demand from countries such as India and China. In addition, growth in the food & beverage industry across the globe is expected to boost product demand for use in insulation applications during cold storage tanks and freezers over the forecast period.
The oil & gas sector emerged as one of the major consumers of CEF foams owing to its rising requirement for containment structures around wellbores during drilling operations. Drilling muds are used extensively throughout this sector owing to their benefits including resistance against corrosion and abrasion while protecting equipment from damage caused by dropped tools or falling objects within a wellbore casing string at depths up again towards 1 kilometer below surface level.
Regional Analysis:
The industry in North America is expected to grow at a significant rate owing to the increasing demand for closed cell elastomeric foam from the automotive, construction and HVAC industries. The region accounted for over 30% of global revenue in 2017 on account of high product penetration. Increasing use of these products due to their excellent properties such as lightweight, durability, heat resistance and moisture resistance is anticipated to drive growth over the forecast period.
The demand for CEF in Europe was valued at USD X million in 2017 on account of growing application industries across countries like Germany, U.K., France and others which are likely to boost market growth during the forecast period.
Growth Factors:
- Increasing demand for insulation in construction industry
- Rising demand for cushioning and padding materials in various end-use industries
- Growing popularity of elastomeric foam as a replacement for traditional materials in various applications
- Technological advancements that have led to the development of new and improved products
- Rising disposable income levels that are enabling consumers to invest in better quality products
Scope Of The Report
Report Attributes
Report Details
Report Title
Closed Cell Elastomeric Foam Market Research Report
By Type
NBR Based, EPDM Based, Chloroprene Based, Others
By Application
HVAC, Plumbing, Refrigeration, Automotive, Oil & Gas, Others
By Companies
Armacell, K-FLEX, NMC, Zotefoams, Kaimann, Aeroflex, Union Foam, Thermaflex, Durkee, Huamei, Armacell
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Closed Cell Elastomeric Foam Market Report Segments:
The global Closed Cell Elastomeric Foam market is segmented on the basis of:
Types
NBR Based, EPDM Based, Chloroprene Based, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
HVAC, Plumbing, Refrigeration, Automotive, Oil & Gas, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Armacell
- K-FLEX
- NMC
- Zotefoams
- Kaimann
- Aeroflex
- Union Foam
- Thermaflex
- Durkee
- Huamei
- Armacell
Highlights of The Closed Cell Elastomeric Foam Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- NBR Based
- EPDM Based
- Chloroprene Based
- Others
- By Application:
- HVAC
- Plumbing
- Refrigeration
- Automotive
- Oil & Gas
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Closed Cell Elastomeric Foam Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Closed cell elastomeric foam is a type of insulation that is made from a rubber-like material that has been closed up into small cells. This makes the foam much more resistant to heat and cold than open cell insulation, which is made from large sheets of rubber. Closed cell elastomeric foam can be used in place of traditional insulation in walls, ceilings, and floors to help reduce energy costs.
Some of the major players in the closed cell elastomeric foam market are Armacell, K-FLEX, NMC, Zotefoams, Kaimann, Aeroflex, Union Foam, Thermaflex, Durkee, Huamei, Armacell.
The closed cell elastomeric foam market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Closed Cell Elastomeric Foam Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Closed Cell Elastomeric Foam Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Closed Cell Elastomeric Foam Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Closed Cell Elastomeric Foam Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Closed Cell Elastomeric Foam Market Size & Forecast, 2020-2028
4.5.1 Closed Cell Elastomeric Foam Market Size and Y-o-Y Growth
4.5.2 Closed Cell Elastomeric Foam Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 NBR Based
5.2.2 EPDM Based
5.2.3 Chloroprene Based
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 HVAC
6.2.2 Plumbing
6.2.3 Refrigeration
6.2.4 Automotive
6.2.5 Oil & Gas
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Closed Cell Elastomeric Foam Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Closed Cell Elastomeric Foam Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 NBR Based
9.6.2 EPDM Based
9.6.3 Chloroprene Based
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 HVAC
9.10.2 Plumbing
9.10.3 Refrigeration
9.10.4 Automotive
9.10.5 Oil & Gas
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 NBR Based
10.6.2 EPDM Based
10.6.3 Chloroprene Based
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 HVAC
10.10.2 Plumbing
10.10.3 Refrigeration
10.10.4 Automotive
10.10.5 Oil & Gas
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 NBR Based
11.6.2 EPDM Based
11.6.3 Chloroprene Based
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 HVAC
11.10.2 Plumbing
11.10.3 Refrigeration
11.10.4 Automotive
11.10.5 Oil & Gas
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 NBR Based
12.6.2 EPDM Based
12.6.3 Chloroprene Based
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 HVAC
12.10.2 Plumbing
12.10.3 Refrigeration
12.10.4 Automotive
12.10.5 Oil & Gas
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 NBR Based
13.6.2 EPDM Based
13.6.3 Chloroprene Based
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 HVAC
13.10.2 Plumbing
13.10.3 Refrigeration
13.10.4 Automotive
13.10.5 Oil & Gas
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Closed Cell Elastomeric Foam Market: Competitive Dashboard
14.2 Global Closed Cell Elastomeric Foam Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Armacell
14.3.2 K-FLEX
14.3.3 NMC
14.3.4 Zotefoams
14.3.5 Kaimann
14.3.6 Aeroflex
14.3.7 Union Foam
14.3.8 Thermaflex
14.3.9 Durkee
14.3.10 Huamei
14.3.11 Armacell
