Automotive Foams Market Trends 2021: Updated Business Statistics and Research Methodology

Precision Business Insights published a research report on “Global Automotive Foams Market: By Type (Polyurethane, Polyolefin), Application (Body-Side Joints, Door Panels, Engine Cradles, Frame Rails, Acoustical Insulation/Foam, Armrests, Consoles, Energy Management Foam, Others), End user (Cars, LCV, HCV, Others) and Geography- Global/Region/Country Forecast to 2027”. The global foams market projected to be valued at US$ XX Mn in the year 2018 and poised to value at considerable CAGR over 2021-2027.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Global Automotive Foams Market: By Type (Polyurethane, Polyolefin), Application (Body-Side Joints, Door Panels, Engine Cradles, Frame Rails, Acoustical Insulation/Foam, Armrests, Consoles, Energy Management Foam, Others), End user (Cars, LCV, HCV, Others) and Geography- Global/Region/Country Forecast to 2027”.

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Expanding Consumer Expenditure is anticipated to Fuel the Demand for Automobiles
Polyolefin and polyurethane are the main types of automotive foams available. Polyurethane is one of the major kinds of foams provides increased structural support, helps to cover the cabin against engine and road noise and dust and manages vibration, harness and noise. This kind of foam finds its application where hardening is necessary like in door panels, frame rails, body-side joints, lateral rails hydro formed replacements and longitudinal structures. Polyether is the one of the fast growing sectors, which allows increased complexity of part design due to excellent flow ability of foams. This type of foam also helps to recover memory of foam shape after compression.

One of the leading factors projected to impel the automotive foam market during the forthcoming duration is emerging automotive industry in emergent economies like India and China. There are a few more factors which are fuelling the growth of market such as scientific revolutions in the area of economical manufacture and dispensation and forthcoming R&D activities. Procuring power, growing population in developing country like Asia Pacific and expanding consumer expenditure is expected to increase the demand for automobiles in upcoming years. But, the strict government rules related to the use of these products hampers the automotive foams market.

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Asia Pacific Witnesses Larger Revenue Share in the Global Automotive Foams Market
Asia Pacific witnessed larger revenue share in the global automotive foams market and is expected to continue its domination during the upcoming time span. Growing automobile industry in the Asia Pacific is expected to be powered by means of the increase in expenditure ability. Moreover, governing consultant have placed down obligatory standards to upsurge the efficiency of fuels in the vehicles, which has forced industries to make participation in Research and Development activities for accomplishing sophisticated effectiveness of fuel and making innovative changes to design vehicles. Europe region also witnesses a considerable growth and France and Germany like countries are fuelling the regional growth. Growing number of automotive companies in Europe is impelling the market growth.

Competitive Analysis - Global Automotive Foams Market
A few of the major players working in the global automotive foams market are Armacell International S.A, Saint-Gobain, BASF SE, Rogers Corporation, Bridgestone Corporation, The Woodbridge Group, Recticel N, Borealis AG and Vitafoams, Lear Corporation. By following striking market strategies like technological innovations, collaborations and acquisitions, key players are enhancing their product portfolio in the makret.

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