The flexible elastomeric foam market is projected to grow at a CAGR of 4.72% between 2018 and 2023.
The flexible elastomeric foams market is projected to grow from USD 2.2 billion in 2018 to USD 2.7 billion by 2023, at a CAGR of 4.72% between 2018 and 2023. The growing demand from end-use industry such as HVAC and automotive & transportation is expected to fuel the growth of the flexible elastomeric foams market. However, the lack of awareness about the benefits of insulation is expected to restrain the growth of the market during the forecast period.
Thermal insulation is the largest and fastest functional type segment of the flexible elastomeric foams market
Flexible elastomeric foams are segmented on the basis of various functions such as, thermal and acoustic. The demand
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