Elastomeric Foam Market by Function (Thermal Insulation, and Acoustic Insulation) Type (NBR, and EPDM), End-Use Industry (HVAC, Refrigeration, Heating & Plumbing, and Transportation), and Region - Global Forecast to 2024
[122 Pages Report] The global elastomeric foam market is estimated to be valued at USD 2.6 billion in 2019 and is projected to reach USD 3.6 billion by 2024, at a CAGR of 6.7% during the same period. The demand for elastomeric foam is driven mainly by its growing demand in HVAC and heating & plumbing end-use industry.
Accordig to function, thermal insulating segment is expected to be the largest contributor in the elastomeric foam market during the forecast period.
Based on function, the thermal insulation segment is likely to account for the largest share of the market in 2019. The growth in this segment is attributed to its increasing usage of thermal insulation from various end-use industry such as HVAC and heating & plumbing end-use industry owing to their extraordinary characteristics such as fire resistance and easy installation. These factors are expected to drive demand during the forecast period.
By type, the NBR segment is expected to be the largest contributor in the elastomeric foam market during the forecast period.
Based on type, the NBR segment is likely to account for the largest share of the market in 2019. The growth in this segment is attributed to its increasing usage in various end-use industry due to their extraordinary characteristics such as resistance to swelling by acids, excellent fire performance, good fuel resistance, and because of its moderate cost in comparison to other types of rubbers. These factors are expected to drive demand during the forecast period.
HVAC end-use industry accounts for the largest market size during the forecast period
The HVAC industry is increasing owing to increase in demand for energy savings in the modern infrastructure for heating, ventilation, and air conditioning is expected to drive the market for elastomeric foams in the HVAC end-use industry during the forecast period. Furthermore,the rising demand for HVAC in construction industry will also drive the demand.
APAC is expected to account for the largest market size during the forecast period
APAC is the largest and fastest-growing elastomeric foam market, owing to its increasing usage in various end-use industry such as HVAC and heating & plumbing, among others. Furthermore, increasing investments in the automotive and growing construction industries will also drive the market in this region during the forecast period. Moreover, countries such as China and India have been scaling up the size of their manufacturing sector. These factors are expected to fuel the demand for elastomeric foam in the region during the forecast period.
Key Market Players
The major vendors in the elastomeric foam has been dominated by players such as Armacell International SA (Germany), Hira Industries (UAE), Zotefoams PLC (UK), LIsolante K-Flex S.P.A (Italy), Kaimann Insulation (Germany), Huamei Energy-saving Technology Group Co., Ltd. (China), Jinan Retek Industries Inc. (China), Aeroflex USA, Inc. (US), NMC Insulation (Belgium), and Anavid Insulation Products Kiryat Anavim Ltd.(Israel).
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Get online access to the report on the World's First Market Intelligence Cloud
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- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
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Report Metric |
Details |
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Market size available for years |
2017-2024 |
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Base year considered |
2018 |
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Forecast period |
2019-2024 |
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Forecast units |
Value (USD) and Volume (KT) |
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Segments covered |
Function,Type, End-Use industry, and Region |
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Geographies covered |
North America, APAC, Western Europe, Eastern Europe, South America, and Middle East & Africa |
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Companies covered |
Armacell International SA (Germany), Hira Industries (UAE), Zotefoams PLC (UK), LIsolante K-Flex S.P.A (Italy), Kaimann Insulation (Germany), Huamei Energy-saving Technology Group Co., Ltd. (China), Jinan Retek Industries Inc. (China), Aeroflex USA, Inc. (US), NMC Insulation (Belgium), and Anavid Insulation Products Kiryat Anavim Ltd.(Israel). |
This research report categorizes the Easltomeric foam market based on function, type, end-use industry, and region.
Elastomeric Foam Market, by Function
- Thermal Insulation
- Acoustic Insulation
Elastomeric Foam Market, by Types
- Nitrile Butadine Rubber (NBR)
- Ethylene Propylene Diene Monomer (EPDM)
- Chloroprene (CR)
- Others {silicone, epichlorohydrin (ECH) ,styrene-butadiene rubber (SBR)}
Elastomeric Foam Market, by End-Use Industry
- HVAC
- Heating & Plumbing
- Refrigeration
- Transportation
- Others ( electrical & electronic, yoga mat)
Elastomeric Foam Market, by Region
- Asia Pacific
- North America
- Eastern Europe
- Western Europe
- Middle East & Africa
- South America
Recent Developments
- In November 2018, K-Flex started a new manufacturing facility in Egypt. The new manufacturing facility will help the company to meet the growing demand in Europe and expand its footprint globally.
- In April 2018, Armacell acquired TB Concept Inc. (Canada), which is a manufacturer of patented pipe support solution. This acquisition is expected to strengthen the presence of Armacell in Canada and will help in strengthening its position in global market.
- In October 2017,Aeroflex USA launched elastomeric flexible closed-cell foam insulation under the brand, Aerocel ULP, which is the newest version of Aerocel EPD. This development will help the company strengthen its presence mainly in the emerging economies.
Key Questions addressed by the report
- Which are the future revenue pockets in the elastomeric foam market?
- Which key developments are expected to have a high impact on the market?
- Which products/technologies are expected to overpower the existing technologies?
- How the regulatory scenario further is expected to impact the market?
- What will be the future product mix in the elastomeric foam market?
- What are the prime strategies of leaders in the market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 16)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Elastomeric Foam Market Segmentation
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 19)
2.1 Research Data
2.2 Base Number Calculation
2.2.1 Supply Side Approach
2.2.2 Demand Side Approach
2.3 Market Size Estimation
2.3.1 Market Size Estimation Methodology: Bottom-Up Approach
2.3.2 Market Size Estimation Methodology: Top-Down Approach
2.3.3 Primary Data
2.3.3.1 Key Data From Primary Sources
2.3.3.2 Key Industry Insights
2.3.3.3 Breakdown of Primary Interviews
2.4 Assumptions
3 Executive Summary (Page No. - 24)
4 Premium Insights (Page No. - 26)
4.1 Attractive Opportunities in the Elastomeric Foam Market
4.2 Elastomeric Foam Market, By Region
4.3 Elastomeric Foam Market in APAC, By Country and Type, 2018 s
4.4 Elastomeric Foam Market, By Key Countries
5 Market Overview (Page No. - 29)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Superior Properties of Elastomeric Foam
5.2.1.2 Increasing Demand for Hvac Systems
5.2.1.3 Need to Reduce Noise Pollution
5.2.1.4 Growth of Cold Chain Infrastructure
5.2.2 Restraints
5.2.2.1 Lack of Awareness About the Benefits of Insulation
5.2.3 Opportunities
5.2.3.1 Stringent Government Regulations Encouraging Energy Efficiency
5.2.4 Challenges
5.2.4.1 Difficulty in the Disposal of Elastomeric Foams
5.2.4.2 Price Volatility
5.3 Porters Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Bargaining Power of Suppliers
5.3.3 Threat of Substitutes
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Overview
6 Elastomeric Foam Market, By Function (Page No. - 36)
6.1 Introduction
6.2 Thermal Insulation
6.2.1 Environment-Friendly Property of Elastomeric Foam is Driving the Demand in This Segment
6.3 Acoustic Insulation
6.3.1 Increased Demand for Acoustic Insulation in the Construction Industry is Expected to Boost the Market
7 Elastomeric Foam Market, By Type (Page No. - 40)
7.1 Introduction
7.2 NBR
7.2.1 Excellent Mechanical Property is Increasing the Demand for NBR From End-Use Industries
7.3 Epdm
7.3.1 There is A High Demand for Epdm Elastomeric Foam in the Automotive and Construction Industries for Acoustic Insulation
7.4 Others
8 Elastomeric Foam Market, By End-Use Industry (Page No. - 44)
8.1 Introduction
8.2 Hvac
8.2.1 High Demand for Insulation is Expected to Drive the Market in This Segment
8.3 Heating & Plumbing
8.3.1 Prevention of Condensation and Energy Loss are Driving the Demand for Elastomeric Foam in This Segment
8.4 Refrigeration
8.4.1 Excellent Physical Property is Spurring the Demand for Elastomeric Foam
8.5 Transportation
8.5.1 High Demand for Elastomeric Foam is Witnessed in Gasketing Application
8.6 Others
9 Elastomeric Foam Market, By Region (Page No. - 50)
9.1 Introduction
9.2 APAC
9.2.1 China
9.2.1.1 Rapid Industrialization is Driving the Market in the Country
9.2.2 India
9.2.2.1 High Demand for Elastomeric Foam is Observed From the Construction and Automotive Industries in the Country
9.2.3 Japan
9.2.3.1 The Growing Automotive Manufacturing in the Country is Likely to Drive the Elastomeric Foam Market
9.2.4 South Korea
9.2.4.1 Development of Green Buildings Will Spur the Demand for Elastomeric Foam
9.2.5 Rest of APAC
9.3 Western Europe
9.3.1 Germany
9.3.1.1 Huge Demand for Elastomeric Foam is Expected From the Automotive Industry in the Country
9.3.2 UK
9.3.2.1 The Elastomeric Foam Market in the UK is Driven By High Growth in the Hvac Industry
9.3.3 Spain
9.3.3.1 Number of Automobile Production Plants is Likely to Contribute Toward the Growth of the Elastomeric Foam Market
9.3.4 Italy
9.3.4.1 The Growing Hvac Industry is Expected to Drive the Market for Elastomeric Foam in Italy
9.3.5 Rest of Western Europe
9.4 North America
9.4.1 US
9.4.1.1 Increased Demand From the Hvac Industry Due to Rising Awareness About Energy Efficiency is Expected to Drive the Market
9.4.2 Canada
9.4.2.1 The Growing Construction Industry is Expected to Boost the Demand for Elastomeric Foam in the Hvac Industry
9.4.3 Mexico
9.4.3.1 Growing Infrastructure Activities are Likely to Drive the Mexican Hvac Market
9.5 Eastern Europe
9.5.1 Russia
9.5.1.1 Growing Automotive and Construction Industries Will Drive the Elastomeric Foam Market in Russia
9.5.2 Turkey
9.5.2.1 Rising Industrialization is Likely to Spur the Demand for Elastomeric Foam
9.5.3 Rest of Eastern Europe
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.1.1 Stringent Energy Efficiency Regulations are Expected to Propel the Market
9.6.2 Iran
9.6.2.1 The Countrys Growing Infrastructure Sector is Likely to Boost the Market
9.6.3 South Africa
9.6.3.1 The Booming Automotive Industry is Positively Influencing the Demand for Elastomeric Foam
9.6.4 Rest of Middle East & Africa
9.7 South America
9.7.1 Brazil
9.7.1.1 The Improved Economy is Expected to Drive the Elastomeric Foam Market
9.7.2 Argentina
9.7.2.1 The Growing Automotive Industry Will Drive the Countrys Market for Elastomeric Foam Market
9.7.3 Rest of South America
10 Competitive Landscape (Page No. - 89)
10.1 Introduction
10.2 Market Ranking of Key Players
10.3 Competitive Scenario
10.3.1 Expansion
10.3.2 Acquisition
10.3.3 New Product Launch
10.3.4 Agreement
11 Company Profiles (Page No. - 95)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
11.1 Armacell International S.A.
11.2 L'isolante K-Flex S.P.A.
11.3 Huamei Energy-Saving Technology Group Co., Ltd.
11.4 Aeroflex
11.5 Kaimann GmbH
11.6 Zotefoams Plc
11.7 Hira Industries
11.8 Jinan Retex Industries Inc
11.9 NMC SA
11.10 Anavid Insulation Products Kiryat Anavim Ltd.
11.11 Other Players
11.11.1 Roka Yalitim
11.11.2 Rubberlite, Inc.
11.11.3 Roger Foam Corporation
11.11.4 Rogers Corporation
11.11.5 Ode Insulation
11.11.6 Kingwell World Industries, Inc.
11.11.7 Era Polymers
11.11.8 Merryweather Foam, Inc.
11.11.9 Grando
11.11.10 Sekisui Plastics Co., Ltd.
11.11.11 China Ining Industrial Group Co., Ltd.
11.11.12 Supreme Industries
11.11.13 Insulflex Corporation
11.11.14 Isidem Yalitim
11.11.15 Evocell S.R.L.
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 116)
12.1 Discussion Guide
12.2 Knowledge Store: Marketsandmarkets Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details
List of Tables (92 Tables)
Table 1 Real GDP Growth, 2014-2019
Table 2 Elastomeric Foam Market Size, By Function, 20172024 (USD Million)
Table 3 Elastomeric Foam Market Size in Thermal Insulation, 20172024 (USD Million)
Table 4 Elastomeric Foam Market Size in Acoustic Insulation, 20172024 (USD Million)
Table 5 Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 6 NBR Elastomeric Foam Market Size, 20172024 (USD Million)
Table 7 Epdm Elastomeric Foam Market Size, 20172024 (USD Million)
Table 8 Other Elastomeric Foams Market Size, 20172024 (USD Million)
Table 9 Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 10 Elastomeric Foam Market Size in Hvac, By Region, 20172024 (USD Million)
Table 11 Elastomeric Foam Market Size in Transportation, By Region, 20172024 (USD Million)
Table 12 Elastomeric Foam Market Size in Refrigeration, By Region, 20172024 (USD Million)
Table 13 Elastomeric Foam Market Size in Transportation, By Region, 20172024 (USD Million)
Table 14 Elastomeric Foam Market Size in Other End-Use Industries, By Region, 20172024 (USD Million)
Table 15 Elastomeric Foam Market Size, By Region, 20172024 (USD Million)
Table 16 Elastomeric Foam Market Size, By Function, 20172024 (USD Million)
Table 17 Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 18 Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 19 APAC: Elastomeric Foam Market Size, By Country, 20172024 (USD Million)
Table 20 APAC: Elastomeric Foam Market Size, By Function, 20172024 (USD Million)
Table 21 APAC: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 22 APAC: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 23 China: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 24 China: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 25 India: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 26 India: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 27 Japan: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 28 Japan: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 29 South Korea: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 30 South Korea: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 31 Rest of APAC: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 32 Rest of APAC: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 33 Western Europe: Elastomeric Foam Market Size, By Country, 20172024 (USD Million)
Table 34 Western Europe: Elastomeric Foam Market Size, By Function,20172024 (USD Million)
Table 35 Western Europe: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 36 Western Europe: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 37 Germany: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 38 Germany: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 39 UK: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 40 UK: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 41 Spain: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 42 Spain: Elastomeric Foam Market Size, End-Use Industry, 20172024 (USD Million)
Table 43 Italy: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 44 Italy: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 45 Rest of Western Europe: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 46 Rest of Western Europe: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 47 North America: Elastomeric Foam Market Size, By Country, 20172024 (USD Million)
Table 48 North America: Elastomeric Foam Market Size, By Function, 20172024 (USD Million)
Table 49 North America: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 50 North America: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 51 US: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 52 US: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 53 Canada: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 54 Canada: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 55 Mexico: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 56 Mexico: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 57 Eastern Europe: Elastomeric Foam Market Size, By Country, 20172024 (USD Million)
Table 58 Eastern Europe: Elastomeric Foam Market Size, By Function, 20172024 (USD Million)
Table 59 Eastern Europe: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 60 Eastern Europe: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 61 Russia: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 62 Russia: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 63 Turkey: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 64 Turkey: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 65 Rest of Eastern Europe: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 66 Rest of Eastern Europe: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 67 Middle East & Africa: Elastomeric Foam Market Size, By Country, 20172024 (USD Million)
Table 68 Middle East & Africa: Elastomeric Foam Market Size, By Function, 20172024 (USD Million)
Table 69 Middle East & Africa: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 70 Middle East & Africa: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 71 Saudi Arabia: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 72 Saudi Arabia: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 73 Iran: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 74 Iran: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 75 South Africa: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 76 South Africa: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 77 Rest of Middle East & Africa: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 78 Rest of Middle East & Africa: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 79 South America: Elastomeric Foam Market Size, By Country, 20172024 (USD Million)
Table 80 South America: Elastomeric Foam Market Size, By Function, 20172024 (USD Million)
Table 81 South America: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 82 South America: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 83 Brazil: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 84 Brazil: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 85 Argentina: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 86 Argentina: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 87 Rest of South America: Elastomeric Foam Market Size, By Type, 20172024 (USD Million)
Table 88 Rest of South America: Elastomeric Foam Market Size, By End-Use Industry, 20172024 (USD Million)
Table 89 Expansion, 20152018
Table 90 Acquisition, 20152018
Table 91 New Product Launch, 20152018
Table 92 Agreement, 20152018
List of Figures (32 Figures)
Figure 1 Thermal Insulation Segment Led the Market, By Function in 2018
Figure 2 NBR Segment Dominated the Market, By Type
Figure 3 Hvac to Be the Largest End-Use Industry of Elastomeric Foam
Figure 4 APAC Was the Largest Elastomeric Foam Market in 2018
Figure 5 Growing Construction Industry to Drive the Market Between 2019 and 2024
Figure 6 APAC to Be the Largest Market
Figure 7 NBR Segment and China Accounted for the Largest Market Shares
Figure 8 India to Be the Fastest-Growing Market
Figure 9 Drivers, Restraints, Opportunities, and Challenges in the Elastomeric Foam Market
Figure 10 Elastomeric Foam Market: Porter Five Forces Analysis
Figure 11 Thermal Insulation to Be the Key Function of Elastomeric Foam
Figure 12 NBR to Be the Largest Type of Elastomeric Foam During the Forecast Period
Figure 13 Hvac Segment to Dominate the Elastomeric Foam Market Between 2019 and 2024
Figure 14 Market in APAC to Grow at the Highest Rate
Figure 15 APAC: Elastomeric Foam Market Snapshot
Figure 16 Western Europe: Elastomeric Foam Market Snapshot
Figure 17 North America: Elastomeric Foam Market Snapshot
Figure 18 Eastern Europe: Elastomeric Foam Market Snapshot
Figure 19 Middle East & Africa: Elastomeric Foam Market Snapshot
Figure 22 South America: Elastomeric Foam Market Snapshot
Figure 21 Companies Adopted New Product Launch and Expansion as the Key Growth Strategies Between 2015 and 2018
Figure 22 Ranking of Elastomeric Foam Manufacturers in 2018
Figure 23 Armacell International: Company Snapshot
Figure 24 Armacell International: SWOT Analysis
Figure 25 Lisonlante K-Flex Company Snapshot
Figure 26 Lisonlante K-Flex: SWOT Analysis
Figure 27 Huamei Energy-Saving Technology Group: SWOT Analysis
Figure 28 Aeroflex.: SWOT Analysis
Figure 29 Kaimann GmbH: SWOT Analysis
Figure 30 Zotefoams Plc: Company Snapshot
Figure 31 Zotefoams Plc: SWOT Analysis
Figure 32 Hira Industries: SWOT Analysis
The study involved four major activities in estimating the current market size of elastomeric foam. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation was used to estimate the market size of segments and sub-segments.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Bloomberg Business Week, Factiva, World Bank, and Industry Journals have been referred to, to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, and databases.
Primary Research
The elastomeric foam market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side is characterized by the developments in the elastomeric foam market. The supply side is characterized by market consolidation activities undertaken by the manufacturers. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents
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Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the elastomeric foam market. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following
- The key players in the industry and markets have been identified through extensive secondary research.
- The industrys supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the elastomeric foam market.
Report Objectives
- To define, describe, and forecast elastomeric foam market size, in terms of volume and value
- To provide information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growth
- To analyze and forecast the elastomeric foam market size based on function, end-use industry, type, and region
- To forecast the market size with respect to key regions, namely, North America, Asia Pacific (APAC), Western Europe, Eastern Europe, Middle East & Africa, and South America
- To strategically analyze the market with respect to individual growth trends, prospects, and their contribution to the overall market
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