openPR Logo
Press release

Automotive Foams Market Insights | Key Players: Johnson Controls (U.S.), Woodbridge Foam Corporation (Canada), Lear Corporation (U.S.), Bridgestone Corporation (Tokyo), BASF (Germany), Recticel (Belgium), Vitafoams (U.K.), Armacell (Germany), The Dow Chem

02-04-2019 10:07 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets™

/ PR Agency: MNM
Automotive Foams Market Insights | Key Players: Johnson

The global market for automotive foams is growing at a sharp pace with Asia-Pacific as a leading consumer, followed by Europe, North America, and RoW. The major applications for automotive foams are seating, instrument panels, headliners, door panels & water shields, seals, gaskets & NVH, and bumper system. Seating is the largest application for automotive foams accounting for a share of 45.77%, in terms of value in 2013. The Asia-Pacific region, with a CAGR of 7.67%, is currently the fastest-growing market for automotive foams in terms of volume.

Download PDF Sample Report at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=62767224

This report follows both top-down and bottom-up approaches to estimate and forecast the global automotive foams market by volume and value. This report focuses on the global automotive foams market by its type, application, and region.

Revenue pockets

Asia-Pacific is the fastest growing market for automotive foams across the world in terms of value and volume, followed by Europe, North America, and RoW. The U.S. is the world’s largest consumer for automotive foams. Large passenger car production coupled with high growth of heavy commercial vehicles, and increasing demand of automotive foams in other potential applications make Asia-Pacific an attractive venue for expansion. The high availability of required feedstock, skilled man power for installation, and favorable government outlook will further boost the automotive foams market. Moreover, Europe enjoys a higher investor confidence due to favorable government policies and demand-supply gap that encourage capacity expansion in this region.

Europe is estimated to witness high growth rate, especially in countries, such as U.K. and Germany due to increasing premium passenger car production in the countries. BASF (Germany), Recticel (Belgium), Vitafoams (U.K.), Armacell (Germany), and Saint-Gobain (France) are some of the major manufacturers of automotive foams in the region. North America is expected to show decent growth in the forecasted period due to the increased demand from end-use industries especially light commercial vehicle industry (LCV). Some of the major market players present in the region are Johnson Controls (U.S.), Woodbridge Foam Corporation (Canada), Lear Corporation (U.S.) and The Dow Chemical Company (U.S.).

Automotive foams find various applications in automotive industry such as seatings, instrument panels, headliners, door panels & water shields, seal, gaskets & NVH, bumper system. Automotive foams offer various advantages, such as, environmental sustainability needs & energy savings, light weight, durability, thermal insulation, easy installation, superior fire resistance, increased density, and excellent acoustic properties. This market intelligence report on “automotive foams” makes an effort to estimate the market for automotive foams by type, application, end-user industries and region in terms of both value and volume.

The report categorizes automotive foams materials into three different types:
• Polyurethane (PU)
• Polyolefin (PO)
• Others
The report categorizes automotive foams materials into four different applications:
• Seatings
• Instrument panels
• Headliners
• Door panels & water shields
• Seal, gaskets & NVH
• Bumper system
• Others
The report categorizes automotive foams materials into three different end-user industries:
• Passenger cars
• Heavy Commercial Vehicles (HCV)
• Light Commercial Vehicles (LCV)

The global market for automotive foams is expected to reach $ 14,661.37 million by 2019. The global consumption for automotive foams is expected to register a CAGR of 7.45% in terms of volume, in the next five years.

Automotive foams are made up of a solid and gas phase mixed together to form a plastic foam. They are available in different foam types based on raw materials used, majorly polyurethane, olefins, and polystyrene and are produced by the use of crude oil as feedstock. As of 2013, automotive foams accounted for 15-20% of the overall polymer foam market in terms of volume. The market for automotive foams is expected to increase in Asia-Pacific and Europe due to increasing end-user industries, such as passenger cars, and Heavy Commercial Vehicles (HCV) industries, in the regions. In Europe, the increasing demand for automotive foams can be attributed to the growing transportation industry, which is expected to register a CAGR of 9.00-10.00%, in terms of value in the forecasted period.

Light weight nature, durability, increasing demand in end-user industries, and rising demand from developing nations such as China & India is expected to drive the automotive foams market in the forecasted period. Exposure risks & environmental impacts, and rising raw material cost of automotive foams are expected to retard the growth of automotive foams market in Europe. Absence of cost-efficient disposal & recycling of some of the widely used automotive foams is the major challenge for the automotive foams manufacturers and end-users.

Johnson Controls (U.S.), Woodbridge Foam Corporation (Canada), Lear Corporation (U.S.), Bridgestone Corporation (Tokyo), BASF (Germany), Recticel (Belgium), Vitafoams (U.K.), Armacell (Germany), The Dow Chemical Company (U.S.), Rogers (U.S.), Saint-Gobain (France) are some of the major manufacturers of automotive foams materials globally.

Read More Context at https://www.marketsandmarkets.com/Market-Reports/automotive-foam-market-62767224.html

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

630 Dundee Road
Suite 430
Northbrook, IL 60062

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Foams Market Insights | Key Players: Johnson Controls (U.S.), Woodbridge Foam Corporation (Canada), Lear Corporation (U.S.), Bridgestone Corporation (Tokyo), BASF (Germany), Recticel (Belgium), Vitafoams (U.K.), Armacell (Germany), The Dow Chem here

News-ID: 1556041 • Views: 328

More Releases from MarketsandMarkets™

Telecom Service Assurance Market will gain $9.4 billion by 2025 at CAGR 9.2%
According to a new market research report "Telecom Service Assurance Market by Solution (Products (Performance Management, Intelligent Assurance and Analytics) and Services), Operator Type (Mobile and Fixed), Deployment Type, Organization Size, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the Telecom Service Assurance Market size is expected to grow from USD 6.0 billion in 2020 to USD 9.4 billion by 2025, at a Compound Annual Growth Rate (CAGR)
Security as a Service Market revenues worth $26.5 billion by 2025
According to a new market research report "Security as a Service Market by Component (Solution and Service), Application Area (Network Security, Endpoint Security, Application Security, and Cloud), Organization Size, Vertical, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the market size expected to grow from USD 11.1 billion in 2020 to USD 26.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 18.9% during the forecast
Microscope Software Market worth $1,021 million by 2025 - Leading Key Players ar …
According to the new market research report "Microscope Software Market by Microscope (Optical, Electron, Raman), Category (Integrated, Standalone), Application (Semiconductor, Aerospace, Automotive, Healthcare, Medical Device, Implant), Region (North America, Europe) - Global Forecast to 2025", published by MarketsandMarkets™, the Microscope Software Market is projected to reach USD 1,021 million by 2025 from USD 567 million in 2020, at a CAGR of 12.5% between 2020 and 2025. Browse in-depth TOC on "Microscope
Laboratory Mixer Market worth $2.1 billion by 2025 - Leading Key Players are The …
According to the new market research report "Laboratory Mixer Market by product (Shaker (Rocker, Roller, Orbital Shaker), Magnetic Stirrer, Vortex Mixer, Accessories), Type, End-User (Research Labs, Pharma- Biotech, CROs, Food Labs, Environmental Testing)– Global Forecast to 2025", published by MarketsandMarkets™, the global Laboratory Mixer Market size is projected to reach USD 2.1 billion by 2025 from USD 1.7 billion in 2020, at a CAGR of 3.7% from 2020 to 2025. Browse

All 5 Releases


More Releases for Europe

Synthetic Biology Market – Europe
Synthetic Biology Market Europe is expected to reach USD XX Billion by 2026 from USD XX Billion in 2016 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report). Synthetic biology has expanded into various interdisciplinary fields that may be defined as the combination of artificial design and engineering to produce biological systems, chemicals or living organisms. Synthetic biology is also used for improving applications
Europe Wooden Doors Market
Europe Wooden Doors Market https://www.qandqmarketresearch.com/reports/wooden-doors-market-78 This report studies the Wooden Doorsmarket status and outlook of Europe and major countries, from angles of players, countries, product types and end industries; this report analyzes the top players in Europe and major countries, and splits the Wooden Doors market by product type and applications/end industries. The global Wooden Doors market is valued at XX million USD in 2018 and is expected to reach XX million
Europe Radiotherapy Market
The Europe Radiotherapy Market research report consists of a primary and secondary research along with an in-depth analysis of the quantitative and qualitative aspects by the expert industry analysts and professionals, leading management bodies, to gain a profound insight of the industry as well as the industry performance. The Europe Radiotherapy Market report presents a lucid picture of the current industry landscape, including the historical and projected market size, based
Europe Business Assembly
The Europe Business Assembly (EBA) is an international corporation for the evolution and implementation of economic and social development. The company was established in April 2000 and its history shows a plethora of promising initiatives, creative growth and professional victories. EBA’s activity demonstrates the capabilities and power of professional partnership. The year 2000 saw the beginning and the foundation of EBA with the signing of the memorandum of cooperation and
Smartsourcing in Eastern Europe
In 2008 the outsourcing business of Eastern Europe was estimated at nearly $2 billion, representing just a tiny fraction of the global IT outsourcing market, estimated at about $386 billion. According to the Gartner Dataquest predictions, in the next four years Eastern Europe is expected to outstrip the rest of the offshore market concentrated mainly in the “classical” locations like India. By 2010 Eastern Europe’s IT outsourcing market share is
Home Control conquers Europe
European Home Control Summit attracts participation from leading International companies and organizations 29. February 2008 - Copenhagen/Frankfurt - The first European Wireless Home Control Summit on 9 April 2008, taking place parallel to Light + Building, features leading companies such as Merten, Horstmann, Danfoss, and market researcher Parks Associates as well as publicly funded organizations like the Danish Energy Saving Trust (DEST) presenting the newest trends, products and market strategies pertaining