Different amounts of foaming agents were employed in natural rubber(NR)/butadiene rubber(BR) blends to understand the foaming behavior in presence of nano-reinforcing agent, zinc methacrylate (ZMA). The ZMA greatly improved most of the mechanical properties of the rubber foams, however it did not show considerable effect on the cell morphology, such as cell size, density and porosity. It was also observed that the foaming agent concentration affected all the mechanical parameters. When the content of foaming agent was increased, the number of foams was increased leading to a decrease in density of the compounds. But the size and distribution of foams remained unchanged with increased foaming agent. The effect of high styrene-butadiene rubber (HSBR) was also studied. The size of cells became smaller and the cell uniformity was improved with increasing HSBR. The foam rubber compounds showed much efficient energy absorbing capability at higher strains.