Global Elastomeric Foam Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Function;

Thermal Insulation and Acoustic Insulation

By Type;

NBR, Epdm, and Others

By Foam Type;

Natural Rubber and Synthetic Rubber

By End-Use Industry;

Hvac, Heating & Plumbing, Refrigeration, Transportation, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn151062710 Published Date: May, 2025 Updated Date: June, 2025

Elastomeric Foam Market Overview

Elastomeric Foam Market (USD Million)

Elastomeric Foam Market was valued at USD 2,787.15 million in the year 2024. The size of this market is expected to increase to USD 4,274.58 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.3%.


Global Elastomeric Foam Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 6.3 %


Study Period2025 - 2031
Base Year2024
CAGR (%)6.3 %
Market Size (2024)USD 2,787.15 Million
Market Size (2031)USD 4,274.58 Million
Market ConcentrationMedium
Report Pages309
2,787.15
2024
4,274.58
2031

Major Players

  • Armacell International S.A
  • Nitto Denko Corporation
  • Owens Corning
  • BASF SE
  • Rogers Corporation
  • Recticel
  • Saint-Gobain
  • DOW Chemical Company
  • Kingspan Group
  • U.S. Rubber Recycling

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Elastomeric Foam Market

Fragmented - Highly competitive market without dominant players


The elastomeric foam market is gaining traction due to its critical role in enhancing energy efficiency in HVAC and industrial systems. Known for its moisture resistance and thermal insulation properties, elastomeric foam is now integrated into over 55% of HVAC installations, significantly minimizing energy loss and operational costs across sectors.

Performance Benefits Fueling Market Growth
Engineered with a closed-cell composition, elastomeric foam effectively blocks moisture infiltration and condensation, ensuring long-term equipment protection. Approximately 48% of users prioritize its durability and vapor resistance, making it a preferred insulation material over conventional alternatives, especially in humid or variable environments.

Environmental Compliance and Sustainable Adoption
As sustainability becomes a priority, the shift toward low-emission, halogen-free materials is accelerating. More than 40% of current building standards now favor eco-conscious insulation, driving increased interest in environmentally safe elastomeric foam solutions. This transition supports the construction industry’s push toward green building certifications.

Focus on Innovation and Enhanced Functionality
Ongoing advancements are centered on improving thermal efficiency and fire resistance, with 30% of insulation R&D efforts channeled into elastomeric foam. These innovations aim to elevate product quality and extend usage across diverse insulation needs, making it a cornerstone of future-ready construction and infrastructure solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Function
    2. Market Snapshot, By Type
    3. Market Snapshot, By Foam Type
    4. Market Snapshot, By End-Use Industry
    5. Market Snapshot, By Region
  4. Elastomeric Foam Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising construction industry demand
        2. Growth in automotive applications
        3. Increasing insulation requirements
        4. Technological advancements in manufacturing
      2. Restraints
        1. High production costs
        2. Environmental impact concerns
        3. Raw material price fluctuations
        4. Regulatory compliance challenges
      3. Opportunities
        1. Expanding renewable energy sector
        2. Growth in consumer electronics
        3. Emerging markets demand
        4. Innovations in material science
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Elastomeric Foam Market, By Function, 2021 - 2031 (USD Million)
      1. Thermal Insulation
      2. Acoustic Insulation
    2. Elastomeric Foam Market, By Type, 2021 - 2031 (USD Million)
      1. NBR
      2. Epdm
      3. Others
    3. Elastomeric Foam Market, By Foam Type, 2021 - 2031 (USD Million)
      1. Natural Rubber
      2. Synthetic Rubber
    4. Elastomeric Foam Market, By End-Use Industry, 2021 - 2031 (USD Million)
      1. Hvac
      2. Heating & Plumbing
      3. Refrigeration
      4. Transportation
      5. Others
    5. Elastomeric Foam Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Armacell International S.A
      2. Nitto Denko Corporation
      3. Owens Corning
      4. BASF SE
      5. Rogers Corporation
      6. Recticel
      7. Saint-Gobain
      8. DOW Chemical Company
      9. Kingspan Group
      10. U.S. Rubber Recycling
  7. Analyst Views
  8. Future Outlook of the Market