Market Study Report adds new research on Automotive Foam market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Automotive Foam market also includes an in-depth study of the industrys competitive scenario.
Global Automotive Foam market is valued approximately at USD 37.13 Billion in 2018 and is anticipated to grow with a growth rate of more than 9.97% over the forecast period 2019-2026.
Market player included in this report are:
- BASF SE
- Johnson Controls
- Woodbridge Foam Corporation
- The DOW Chemical Company
- Lear Corporation
- Bridgestone Corporation
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Automotive foam is made up of solid and gas phase mixture to form a plastic foam. The automotive foams are available in different form types that is based on raw material used, olefins, polystyrene and polyurethane etc. and are produced by the use of crude oil as feedstock. The growth in automotive industry in emerging nations such as China and India propel the growth of market over the forecast years.
Also, the versatile and unique physical properties of automotive foam and increasing use of automotive foam in end use industries accelerate the growth of market over the forecast years. Automotive foam is cost effective, weight reduction and low density in nature.
Automotive foam offers low heat transfer and optimal insulator properties and provide extra comfort, flexibility to the passenger and softness anticipate to the growth of market over the forecast years. Automotive foam has productive application in automotive industry and rise in growth of automotive industry propel the growth of market. For instance: According to the International Organization of Motor Vehicle Manufacturer, the global car production in 2017 was 97.2 million that is an increase of approx. 2.2 million from 2016 that is 95 million.
Hence, rising growth in automotive industry across the globe and efficient application of automotive foam in automotive industry fuels the growth of market over the forecast years. Whereas, renewable feedstock for manufacturing green PU Foams is an opportunity for the growth of market. However, lack of proper disposable & recycling technique is a challenging factor that combat the growth of market over the upcoming years.
The regional analysis of global Automotive Foam market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is accounts for largest share in the global automotive foam market due to the rise in application of automotive foam in the end use industries such as passenger and commercial vehicle. Similarly, rise in production of automobile is the factor accelerating the growth of global automotive foam market from between 2018-2026.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.
Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By End-user Industry:
Heavy commercial vehicles (HCVs)
Light commercial vehicles (LCVs)
Furthermore, years considered for the study are as follows:
Historical year 2016, 2017
Base year 2018
Forecast period 2019 to 2026
Target Audience of the Global Automotive Foam Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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