Flexible Elastomeric Foam Market Size, Share & Trends Analysis Report By Type, By Function, By End-use, By Region, And Segment Forecasts, 2023 To 2030

Flexible elastomeric foams are classified on the basis of different functions including acoustic and thermal insulation. They are generally employed for insulation, refrigeration, and heating, ventilation, and air conditioning systems (HVAC). Increasing demand for elastomeric foam from the healthcare industry where a healthy & safe environment is required is expected to boost the market growth. Owing to its aesthetic features the demand for HVAC systems is increasing from residential and industrial places as well.

Rising disposable income coupled with increased spending in major economies in the construction industry is increasing demand for HVAC equipment. Manufacturers are investing in research & development to manufacture products such as hybrid HVAC equipment that utilize different sources of energy for cooling and heating applications. Further, elastomeric foams are utilized as a substitute for insulating materials such as cork and they are majorly utilized in refrigeration applications as they offer barrier against moisture and vapor into the systems.

In addition, chlorofluorocarbons (CFCs), hydrochlorofluorocarbons (HCFCs), or hydrofluorocarbons (HFCs) are not utilized for manufacturing elastomeric foam making it environmentally friendly which boosts the flexible elastomeric market growth.

The flexible elastomeric foam market is broadly segmented into type, function type, and end-use industry. Type segment is further categorized into natural rubber/latex, ethylene propylene dine monomer (EPDM), nitrile butadiene rubber/polyvinyl chloride (NBR/PVC), chloroprene (CR), and others. Function type is further divided into thermal insulation and acoustic insulation. The application segment includes Heating, Ventilation, and Air Conditioning (HVAC), automotive & transportation, refrigeration systems, solar installations, and others.

Some of the key players operating in the market include Armacell India Private Ltd, Era Polymers Pty Ltd, DuPont de Nemours Inc., Kaimann GmbH, Hira Industries LLC, L'Isolante K-Flex SpA, Rubberlite Inc., Zotefoams PLC, and others. Prominent players involved in the marketplace are continuously focusing on business expansion activities through collaborations and partnerships across the value chain. For instance, in January 2022 Japan’s Ministry of Economy, Trade and Industry, Armacell has supported the creation of a new JIS standard for flexible elastomeric foam insulation products in Japan. This new standard, JIS A 9517, was created to establish quality standards for flexible elastomeric foam insulation products used in the construction industry in Japan. The standard covers a range of properties and characteristics, including thermal conductivity, water vapor transmission, and fire resistance.

The Asia-Pacific region is the largest market for flexible elastomeric foam, with China and India being the major contributors to the growth of the market in this region. The increasing demand for energy-efficient buildings and the growing construction industry in these countries are driving the demand for flexible elastomeric foam.