Press release
Global Automotive Foam Market Massive Industry Development and key player Insights - Johnson Controls, The Dow Chemical Company, Bridgestone, BASF, Recticel, Vitafoam, Armacell, Adient, Saint-Gobain, Woodbridge Foam Corp, Lear Corporation, Caligen Foam
Global Automotive Foam Market
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Global Automotive Foam Market is expected to reach USD 60.83 billion by 2025, from USD 38.35 billion in 2017 growing at a CAGR of 13.5% during the forecast period of 2018 to 2025.
Key Player: Global Automotive Foam Market
Johnson Controls, The Dow Chemical Company, Bridgestone, BASF, Recticel, Vitafoam, Armacell, Adient, Saint-Gobain, Woodbridge Foam Corp, Lear Corporation, Rogers Foam Corporation, ZOTEFOAMS, UFP Technologies, Inc., Grand Rapids Foam Technologies, Foam Supplies, Inc., Eurofoam Hungary Kft, Caligen Foam, Vitafoam Nigeria Plc and others.
Asia Pacific was the leading segment in 2017 in terms of revenue, and is expected to continue its dominance over the forecast period. Automobile industry in the region is expected to be fueled by the rise in spending capacity.
Europe held a significant market share in 2017, attributed to the growing automotive industry in U.K. and Germany.
North America led by the U.S. is anticipated to drive the automotive foam market by 2024 due to vehicle safety norms and need for efficient braking. Technological advancement coupled with extensive R&D to improve design and better operations in manufacturing will augmenting the automotive foam market growth in future. Asia Pacific is estimated to be the most lucrative market for the product due to the emerging economies in automobile sector such as South Korea, Japan and China. Government support and increased vehicle production will also spur the product market size in forecast time span.
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Market Segmentation: Global Automotive Foam Market
Based on end user application the market is classified
• passenger cars,
• light commercial vehicles,
• heavy commercial vehicles
Based on geography the global automotive foams market report covers data points for 28 countries across multiple geographies namely
• North America & South America,
• Europe,
• Asia-Pacific and,
• Middle East & Africa
Some of the major countries covered in this report are U.S, Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
Based on type the market is segmented polyurethane, polyolefin, styrenic, polyvinyl chloride, phenolic, melamine, & others.
• On the basis of application the market is
• classified heavy commercial vehicles,
• light commercial vehicles, and
• passenger cars and other automotive foam
TOC: Global Automotive Foam Market
Sections 1. Industry Synopsis of Global Automotive Foam Market.
Sections 2. Automotive Foam Market Size by Type and Application.
Sections 3. Automotive Foam Market Organization Producers analysis and Profiles.
Sections 4. Global Automotive Foam Market Analysis by key traders.
Sections 5. Development Status and Outlook of Automotive Foam Market in the United States.
Sections 6. Europe Automotive Foam Industry Report Development Status and Outlook.
Sections 7. Japan Automotive Foam Industry Report Development Status and Outlook.
Sections 8. China Automotive Foam Market Report Development Status and Outlook.
Sections 9. India Automotive Foam Market Development Status and Outlook.
Sections 10. Southeast Asia Automotive Foam Market Improvement Status and Outlook.
Sections 11. Automotive Foam Market Figure by Areas, Applications, and Sorts
Sections 12. Automotive Foam Market Dynamics.
Sections 13. Automotive Foam Market Factors Analysis
Sections 14. Research Findings and Conclusions of Automotive Foam Market.
Sections 15. Appendix.
FREE TOC is available at https://databridgemarketresearch.com/toc/?dbmr=global-automotive-foam-market
Competitive Analysis: Global Automotive Foam Market
The global automotive foams market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive foams market for global, Europe, North America, Asia Pacific and South America.
Major Market Drivers & Market Restraint: Global Automotive Foam Market
• Versatility and unique physical properties
• Economic slowdown
• Growth in end-user industries in emerging nations
• Proper disposal & recycling technique
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