Global Automotive Foam Market, By Type (Polyurethane, Polyolefin, Styrenic, Polyvinyl Chloride, Phen

Published Date: | Report Code : MT2058289

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The Global Automotive Foam Market is projected to reach USD 42.13 billion by 2028, growing at a CAGR of 6.5% during the forecast period. Owing to the high growth of the automotive industry & advancement in seating foam technology is expected to drive the automotive foam market during the forecast period.

Automotive Foam Market

Automotive Foam Market

Automotive foams are composed mainly out of polymeric materials by combining gas & solid phase materials. This combination gives rise to the formation of foams. This reaction should emanate brisk effervescence to go through smoothly. Foams are soft materials used in seating mainly due to their tenderness, insulating properties as well as shock absorption properties. The technological progress achieved in the manufacturing of foams is paving the way in making automotive seating more comfortable.

Polyurethane foam is the most widely used type of foam among all other types. The Polyurethane (PU) foam segment accounted for approximately 50% of the total revenue of the automotive foam market. The widespread use of polyurethane foam can be attributed to properties like thermal & sound insulation, shock resistance, easy installation, fire resistance, and improved lightweight properties. DowDuPont Inc. is one of the biggest manufacturing companies with regards to the automotive foam market with its presence in all the segments. The leading companies in the automotive foam market are investing heavily in scientific research to improve the automotive seating technology and cater to the growing needs of the automotive market. Companies are trying business strategies like forward & backward integration to improve their position in the automotive foam market. Various companies are going for mergers & acquisitions to expand their global presence & penetrate further into the untapped markets.

The Asia Pacific region is witnessing tremendous growth in the automotive foam market owing to rapid urbanization & increased disposable income. With the expansion cities and diminishing rural areas in this region, the automotive market is growing rapidly in this region thereby increasing demand for automotive seating. In North American & European regions, the developing countries are experiencing demand for automotive foam is passenger vehicles, whereas the developed countries are experienced a heavy demand from the public transport sector. The Middle East is an emerging player in the automotive foam market.

Automotive Foam Market

Automotive Foam Market

Key Factors Impacting the Growth of Automotive Foam Market:

  • Growth of the automotive industry across the world.

  • Stringent pollution control laws in developed countries

  • Advancement in terms of quality in automotive foam technology.

  • Organic substitutes to polymeric materials.

Key Developments in the Automotive Foam Market:

  • On 31st August 2017, DowDuPont successfully completed the merger of equals between The Dow Chemical Company and E.I. du Pont de Nemours & Company. This move helped both the companies to the automotive seatings business and expanding further into Polyurethane foam segment in Asia Pacific & Middle East.

  • On February 17 2014, Johnson Controls, a global multi-industrial company with established core businesses in the automotives has opened a new manufacturing plant in Queretaro, Mexico. The plant produces molded polyurethane foam for automotive seats. This move helped Johnson Control to penetrate the North American automotive foam market.

What Does This Report Provide?

This report provides a detailed understanding of the global automotive foam market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the automotive foam market.

Market Segmentation:

By Type:

  • Polyurethane

  • Polyolefin

  • Styrenic

  • Polyvinyl Chloride

  • Phenolic

  • Melamine

  • Others

By Application:

  • Seating

  • Door Panels

  • Instrument panels

  • Headliners

  • Gaskets

  • Seals

  • Water Shields

  • Noise-Vibration and Harshness Solutions

By End Users:

  • Passenger Cars

  • Light Commercial Vehicles

  • Heavy Commercial Vehicles

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Type

    • By Application

    • By End Users

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Type

    • By Application

    • By End Users

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Type

    • By Application

    • By End Users

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Type

    • By Application

    • By End Users

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Type

    • By Application

    • By End Users

  • Rest of the World

    • By Region (South America, Africa)

    • By Type

    • By Application

    • By End Users

Companies Covered: Major Companies profiled in the report which are key players in the global automotive foam market are Johnson Controls, Woodbridge Foam Corporation, Lear Corporation, Bridgestone Corporation, BASF SE, Recticel, Vitafoams, Armacell, The Dow Chemical Company, Rogers Corp.,and Saint-Gobain.

Years Considered In The Study

 

Historic Year

2016, 2017

Base Year

2018

Forecast Period

2019-2028 

CAGR % (2019-2028)

6.5 %

Reasons to Buy This Report:

  • Market size estimation of the global automotive foam market on regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the automotive foam market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

For more information, contact: [email protected]

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