Global Elastomeric Foam market was valued at US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX % during a forecast period. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Global Elastomeric Foam market Dynamics The global elastomeric foam market is growing at a healthy pace on account of better insulation properties possessed by elastomeric foams and also because of the general growth in the application segments of this product. The use of elastomeric foam is increasing in HVAC systems. This can be ascribed to the growth in population and strict regulations, making it necessary for HVAC systems to be energy efficient. Government policies across the globe are becoming quiet stringent regarding energy efficiency. Therefore, likely to prove as an opportunity for the growth of global elastomeric foam market during the forecast period. Relatively high cost of elastomeric foams as compared to other insulation methods and lack of awareness regarding the advantages they offer over conventional materials are restraining the development of the global elastomeric foam market.
Global Elastomeric Foam market Segment Analysis Based on type segment, synthetic rubber is expected to hold largest market share during forecast period. The larger market size of synthetic rubber as compared to natural rubber is because of its better properties that can be used in various applications. NBR is the extensively used synthetic rubber type because of its superior properties and a relatively