Skip to main content

Automotive Foams Market to Grow at Robust CAGR by 2032

 The demand for automotive foams is projected to be worth US$ 42,300.0 million in 2022 and to increase at a CAGR of 11.2% to US$ 122,289.2 million from 2022 to 2032. Rising discretionary income and purchasing power parity in developing countries are credited with driving growth.

Automotive foams are generally polymer foams and are made up of gas and solid phase mixed together to form a foam which is achieved by combining the two phases too briskly for the system to respond in a smooth fashion. The resulting foam is incorporated with either air bubbles or air tunnels also known as either closed cell structure or open cell structure. Open cell foams are usually flexible, while closed cell foams are generally rigid. The gas involved in the manufacturing of automotive foam can either be chemical or physical and is termed as a blowing agent.

Physical blowing agents are those gases which are not involved in direct chemical reaction in the foaming process and thus are inert in nature whereas chemical blowing agents are those gases that take part in the chemical reaction and thus decompose to release chemicals in the foaming process. Polymer foams can be produced through various methods including extrusion, slab-stock by pouring and different types of molding. There are various types of polymer foams including polyurethane, biodegradable foams, starch foams among others. Polymer foams find their applications in various sectors including automotive, packaging, building & construction, furniture & bedding among others. Major methods of manufacturing automotive foams are molding and slabstock.

Global Automotive Foams Market: Segmentation

The global automotive foams market can be segmented on the basis of types, application and end-use industry. On the basis of type, the global automotive foams market can be segmented into polyurethane, starch foams, biodegradable foams and others. On the basis of application, the global automotive foams market can be segmented on the basis of instrument panels, seating, door panels, headliners, water shields, gaskets, seals, Noise-Vibration and Harshness (NVH) solutions and others. On the basis of end-use industry, the global automotive foams market can be segmented into passenger cars, light commercial vehicles (LCV), and heavy commercial vehicles (HCV).

Global Automotive Foams Market: Dynamics

Various properties of automotive/ polymer foams including low density, weight reduction characteristics and cost effectiveness are some of the main reasons driving the global automotive foams market. Moreover, automotive foams are optimal insulators with low heat transfer properties, which is a key factor fuelling the demand for automotive foams over other alternatives thus in turn driving the overall global automotive foams market. Flexibility and softness of automotive foams also provide extra comfort to the passengers which is a major factor pumping the growth of the global automotive foams market. Furthermore, growing consumer preference for polymer foams in vehicles and increasing manufacturer’s inclination towards automotive foam products in commercial vehicle applications is a major factor driving the demand for automotive foams thus fuelling the overall global automotive foams market.

The major challenges involved in the global automotive foams market include waste disposal, flammability, recyclability and others. Moreover, adverse effects of blowing agents on the environment is another major challenge hampering the growth of the global automotive foams market. Stringent government regulations on the adverse effects of chloro-fluoro-carbons (CFCs) involved in the manufacture of polymer foams is another key factor restraining the growth of the global automotive foams market.

Global Automotive Foams Market: Region-wise Outlook

Considering regions, North America in the global automotive foams market is anticipated to dominate the other regions throughout the forecast period followed by Western Europe. Moreover, APAC is expected to witness the highest growth during the forecast period. The global automotive foams market is divided into seven key regions including North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Middle East & Africa and Japan.

Global Automotive Foams Market: Key Players

The key players involved in the manufacture of automotive foams include Woodbridge Foam Corporation, Bridgestone Corporation, Johnson Controls, The Dow Chemical Company, BASF Chemical Company, Lear Corporation, Vitafoams, Saint-Gobain, Armacell, Recticel among others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Value Chain

Regional analysis includes:

  • North America
  • Latin America
  • Asia Pacific
  • Japan
  • Western Europe
  • Eastern  Europe
  • Middle East & Africa

For More Info@ https://www.futuremarketinsights.com/reports/automotive-foams-market

Comments

Post a Comment

Popular posts from this blog

Automotive Filters Market Share and Growth Factors Impact Analysis 2029

 The global automotive filters market is expected to experience significant growth over the forecast period, due to the increasing demand for advanced automotive systems and the rising demand for fuel-efficient and eco-friendly vehicles. Automotive filters are used to remove contaminants, such as dust, dirt, and debris, from the air, oil, and fuel in a vehicle. The market is segmented based on type, vehicle type, and region. Based on type, the market is divided into air filters, oil filters, fuel filters, and others. The air filter segment is expected to dominate the market, due to the increasing demand for advanced air filtration systems in vehicles. Based on vehicle type, the market is classified into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment is expected to dominate the market, due to the increasing demand for passenger cars and the increasing adoption of advanced filtration systems in passenger cars. Geogr...
Post a Comment
Read more

Multilayer Ceramic Capacitor (MLCC) Market is Set to Experience Revolutionary Growth by 2032

 The Multilayer Ceramic Capacitor (MLCC) market has experienced remarkable growth over the past few years, driven by the increasing demand for electronic components in various industries. MLCCs are essential passive electronic components used extensively in electronic devices and equipment for their ability to store and discharge electrical energy quickly and efficiently. The market's growth is largely attributed to the rapid advancements in consumer electronics, automotive electronics, telecommunications, and industrial applications. The ever-expanding adoption of smartphones, tablets, wearable devices, and IoT technologies has created a surge in the demand for MLCCs, as they are essential for miniaturizing and enhancing the performance of these devices. Furthermore, the trend towards electric vehicles (EVs) and the growing adoption of advanced driver-assistance systems (ADAS) in automotive applications have significantly fueled the demand for MLCCs. These capacitor...
Post a Comment
Read more

Iris Biometrics Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Iris Biometrics Market stands as a testament to the ever-evolving landscape of biometric technology, offering a unique and highly secure method of identity verification and authentication. The iris, with its intricate and individualistic patterns, has captured the attention of both security experts and technology developers as a reliable means of confirming one's identity. This market has gained prominence across various industries, ranging from border control and law enforcement to access control systems in government institutions, corporate offices, and even consumer devices. The market's growth is fueled by the increasing need for robust identity verification solutions in a world where security breaches and identity theft are becoming more prevalent. Unlike traditional authentication methods such as passwords and PINs, iris biometrics offer a high level of security and accuracy, as the iris pattern is virtually impossible to replicate. The technology prov...
Post a Comment
Read more