Cellular Rubber Market Analysis and Forecasts, 2018 – 2024
The term cellular rubber or foam rubber is produced with the help of a foam agent that leads to the creation of an air filled matrix structure. The cellular rubber are porous and closed-cell rubbers that are produced with expansion process using gas developing agents. These rubbers are based upon synthetic or natural rubber that includes elastomer and EPDM. The cells in the rubber are neither tight nor are linked to each other. Thereby, this property of cellular rubber makes it water as well as airtight. This kind of rubber is produced in the form of blocks on a very large process. The rubber mixture composition possesses varied properties and therefore, the product is able to suit the specific applications requirements.
The major physical and technical properties of cellular rubber include high compressibility, low water absorption, good insulation property, excellent sealing properties, low heat conducting values, NBR/CR mixture coupled with high oils resistance and high flame retardance rating, EPDM mixture with ageing resistance and high temperature.
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Factors promoting the growth of cellular rubber market include its usage in the rubber, electronic and automotive industry. Cellular rubber is used in the automotive industry in order to create die-cuttings, door seals and tubes, rattle protection, body and chassis parts, load supports, weather stripping among others. It is also utilized in the space industry for sealing, shock absorption and confinement among others. Due to its properties such as excellent resistance to chemicals and oils and high durability, it is utilized for applications in aircraft hoses, carburetor, seals, fuel pump diaphragms, and gaskets.
The global cellular rubber market can be classified based on product type, end-users, material and region. On the basis of product type, the global market is classified into sheets and rolls. Further based upon material, it is segmented into neoprene, EPDM, SBR blend and silicone. Based on end-users, the global market is further divided into automotive, electronics, space and home furnishing industry.
Based on regions, the global cellular rubber market is divided into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America. The North American region is anticipated to command the maximum market share and would lead the cellular rubber market during the forecast period. However, the Asia-Pacific and Middle-Eastern regions is anticipated to register swift growth during the forecast period owing to the offering of customizable properties catering to specific requirements.
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The major strategies adopted by major companies in the cellular rubber market include product innovation and expansion in various geographies. One of the leading manufacturer of foams and plastics, Monmouth Rubber, has invented ecofriendly products in both cellular and solid neoprene products portfolio on the basis of limestone process. The limestone process is solely used by Monmouth Rubber and is more environment friendly as compared to others.