| Product Code: ETC4515805 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India elastomeric foam market's import shipments showcase a robust growth trend with a CAGR of 10.6% from 2020 to 2024. The market accelerated further between 2023 and 2024 with a growth rate of 12.1%, indicating significant expansion and strong momentum in recent years.
The India Elastomeric Foam Market is witnessing steady growth due to the versatility of elastomeric foam materials in applications requiring flexibility, resilience, and resistance to moisture. These foams are widely used in HVAC (heating, ventilation, and air conditioning), automotive, and industrial applications. Elastomeric foam insulates against temperature fluctuations and provides soundproofing properties, making it valuable in construction and transportation sectors. The market`s growth is attributed to the demand for efficient thermal and acoustic insulation solutions in India expanding infrastructure and automotive sectors. Moreover, the awareness of energy conservation and sustainability is driving the adoption of elastomeric foam materials.
The elastomeric foam market is seeing growth driven by the HVAC and refrigeration industries. Elastomeric foams are used for thermal and acoustic insulation in these sectors. As the demand for energy-efficient and noise-reducing solutions in HVAC and refrigeration equipment rises, so does the demand for elastomeric foam materials.
The elastomeric foam market in India is challenged by fluctuating raw material prices and a lack of standardization in product quality. Furthermore, competition from alternative insulation materials poses a challenge to market growth.
The elastomeric foam market faced challenges due to reduced construction activities. As construction projects resume and demand for HVAC insulation grows, the market is expected to recover.
Major contributors to India elastomeric foam market include Armacell, K-FLEX, Zotefoams, and NMC SA.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Elastomeric Foam Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Elastomeric Foam Market Revenues & Volume, 2021 & 2031F |
3.3 India Elastomeric Foam Market - Industry Life Cycle |
3.4 India Elastomeric Foam Market - Porter's Five Forces |
3.5 India Elastomeric Foam Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.6 India Elastomeric Foam Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 India Elastomeric Foam Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 India Elastomeric Foam Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient materials in construction and HVAC applications |
4.2.2 Growth in automotive and transportation sectors driving the demand for elastomeric foam for insulation purposes |
4.2.3 Rising awareness about the benefits of elastomeric foam in terms of thermal and acoustic insulation |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the cost of production |
4.3.2 Regulatory challenges related to environmental concerns and compliance |
4.3.3 Competition from substitute materials like fiberglass and mineral wool |
5 India Elastomeric Foam Market Trends |
6 India Elastomeric Foam Market, By Types |
6.1 India Elastomeric Foam Market, By Function |
6.1.1 Overview and Analysis |
6.1.2 India Elastomeric Foam Market Revenues & Volume, By Function, 2021-2031F |
6.1.3 India Elastomeric Foam Market Revenues & Volume, By Thermal Insulation, 2021-2031F |
6.1.4 India Elastomeric Foam Market Revenues & Volume, By Acoustic Insulation, 2021-2031F |
6.2 India Elastomeric Foam Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 India Elastomeric Foam Market Revenues & Volume, By NBR, 2021-2031F |
6.2.3 India Elastomeric Foam Market Revenues & Volume, By EPDM, 2021-2031F |
6.3 India Elastomeric Foam Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 India Elastomeric Foam Market Revenues & Volume, By HVAC, 2021-2031F |
6.3.3 India Elastomeric Foam Market Revenues & Volume, By Refrigeration, 2021-2031F |
6.3.4 India Elastomeric Foam Market Revenues & Volume, By Heating & Plumbing, 2021-2031F |
6.3.5 India Elastomeric Foam Market Revenues & Volume, By Transportation, 2021-2031F |
7 India Elastomeric Foam Market Import-Export Trade Statistics |
7.1 India Elastomeric Foam Market Export to Major Countries |
7.2 India Elastomeric Foam Market Imports from Major Countries |
8 India Elastomeric Foam Market Key Performance Indicators |
8.1 Energy savings achieved through the use of elastomeric foam insulation |
8.2 Number of new construction projects incorporating elastomeric foam |
8.3 Adoption rate of elastomeric foam in the automotive and transportation industries |
9 India Elastomeric Foam Market - Opportunity Assessment |
9.1 India Elastomeric Foam Market Opportunity Assessment, By Function, 2021 & 2031F |
9.2 India Elastomeric Foam Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 India Elastomeric Foam Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 India Elastomeric Foam Market - Competitive Landscape |
10.1 India Elastomeric Foam Market Revenue Share, By Companies, 2024 |
10.2 India Elastomeric Foam Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |