Press release
Automotive Foam Market Share, Trends And Forecast From 2024 To 2033
The automotive foam market size has grown rapidly in recent years. It will grow from $40.81 billion in 2023 to $45.41 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to safety regulations, customization and personalization, comfort and ergonomics, sound insulation requirements, thermal insulation.The automotive foam market size is expected to see rapid growth in the next few years. It will grow to $69.16 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to autonomous vehicles, sustainability initiatives, advanced safety features, connectivity features, increased urbanization. Major trends in the forecast period include 3d molded foams, sustainable and biodegradable, smart foam, multifunctional foam components, breathable foam materials.
Market Overview -
The automotive foam refers to materials produced by combining polyols and diisocyanates, which are frequently derived from crude oil and other bio-based biomass. The foams are used in automobile seats, armrests, and headrests, where their cushioning properties help to reduce fatigue and stress.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=7619&type=smp
Growing Demand For Electric Vehicles Propels Automotive Foam Market Growth
The increase in demand for electric vehicles is expected to propel the growth of the automotive foam market going forward. While the economic effect of COVID-19 has dampened demand for petrol and diesel cars, demand for electric and hybrid vehicles has increased. Climate warming and aspirations to achieve net-zero emissions are driving the global shift to emissions-free motoring. These EV vehicle shifts help the economy by reducing fuel costs and changing consumption from petroleum products to more locally produced power vehicles. These factors increased the demand for automobile foam, offering passengers maximum comfort, safety, and security during the drive. For instance, according to the Global EV Outlook 2021, consumers spent USD 120 billion on electric vehicle purchases in 2020, a 50% increase over 2019. Furthermore, the global electric vehicle stock reached 10 million units in 2020, representing a 43% increase over 2019. Therefore, rising demand for electric and hybrid vehicles will drive the automotive foam market.
Competitive Landscape -
Major companies operating in the automotive foam market report are Armacell International Holding GmbH, BASF SE, Johnson Controls International plc, Woodbridge Foam Corporation, Lear Corporation, Bridgestone Corporation, Recticel Group, Dow Chemical Company, Compagnie de Saint-Gobain SA, Rogers Corporation, Borealis AG, Fritz Nauer AG, Adient plc, Foam Supplies Inc., Magna International Inc., Covestro AG, Huntsman International LLC, Sheela Foam Ltd., FoamPartner Group, Zotefoams plc, Sekisui Chemical Co. Ltd., UFP Technologies Inc., Rogers Foam Corporation, Foam Supplies Inc., Future Foam Inc., Vitafoam Products Canada Limited, Foamcraft Inc., Foamex Innovations Holdings LLC, General Plastics Manufacturing Company, Grand Rapids Foam Technologies LLC
Bio-Based Materials In Automotive Foam Market
The rising use of bio-based materials has emerged as a key trend gaining popularity in the automotive foam market. Bio-based products can help the economy become more sustainable and reduce its reliance on fossil fuels. In addition, biobased materials protect the environment and reduce associated greenhouse gas emissions, which helps attract the rural economy. These bio-based materials are derived from organic carbon sources such as sugarcane, biomass, and potato corn that innovate new sustainable and lightweight automotive materials. Major companies operating in the automotive foam market are focused on providing technologically advanced bio-based materials to strengthen their market position. For instance, in October 2021, Huntsman, partnered with Catalisti to enter a research project to develop innovative polyurethane foams for automotive applications. The project with incorporate bio-based materials to make the foams more sustainable.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/automotive-foam-global-market-report
Key Segments -
The automotive foam market covered in this report is segmented -
1) By Type: Polyurethane (PU) Foam, Polyolefin (PO) Foam, Other Types
2) By Application: Seating, Door Panels and Watershields, Instrument Panels, Bumper System, Other Applications
3) By End-User Industry: Passenger Cars, Heavy Commercial Vehicles (HCVs), Light Commercial Vehicles (LCVs)
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
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 Foam Market Share, Trends And Forecast From 2024 To 2033 here
News-ID: 3486557 • Views: …
More Releases from The Business research company

2025 weig*ht los*s supplem*ents Market Outlook: Key Indicators Shaping Growth Th …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the weig*ht los*s supplem*ents Market Size By 2025?
In recent times, the market size of weig*ht los*s supplem*ents has experienced a swift expansion. It is projected to escalate from $42.66 billion in 2024 to an estimated $47.88 billion in 2025, with a compound annual growth rate…

Top Trends Transforming the Water Testing And Analysis Market Landscape in 2025: …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Water Testing And Analysis Market Size By 2025?
The market for water testing and analysis has seen robust growth recently. The market, which was worth $4.13 billion in 2024, is projected to increase to $4.39 billion in 2025, witnessing a compound annual growth rate (CAGR)…

Growing Demand From E-Commerce Spurs Expansion Of Warehouse Automation Market: C …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Warehouse Automation Market Size By 2025?
Over the past few years, the warehouse automation market has significantly expanded in size. From a market value of $21.42 billion in 2024, it is expected to increase to $24.09 billion in 2025, exhibiting a compound annual growth rate…

Virtual Reality In Gaming: A Leading Driver Behind Virtual Reality's Surge In Ga …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Virtual Reality In Gaming Market Size By 2025?
In recent years, the market size of virtual reality in gaming has experienced a surge. The market, which was valued at $19.24 billion in 2024, is projected to expand to $24.51 billion in 2025, reflecting a compound…
More Releases for Foam
Furniture Foam Market Size, Share Growth Status, Emerging Demand, Key Players, I …
According to a new report by Coherent Market Insights, titled "Furniture Foam Market Size 2025, provides insightful information about regional and international markets that are anticipated to expand between 2025 and 2032. This thorough study looks at the competitive landscape, value chain analysis, major market segments, geographical trends, and changing market dynamics. It also offers a thorough analysis of the forces and limitations influencing the market. As a vital resource…
Furniture Foam Market Growth Probability, Key Vendors and Future Scenario Up To …
The latest release from Coherent Market Insights, titled "Furniture Foam Market Research Report 2025-2032", provides an in-depth assessment of the Furniture Foam Market by product type, end-user/application, and region. This in-depth study explores key market trends, emerging technologies, industry drivers, challenges, regulatory policies, and strategies adopted by leading companies. Featuring 100+ market data tables, pie charts, graphs, and figures, the report provides a complete market assessment, including future trends, current…
Dreamzy Foam Pillow Review 2023;(Must Read!) Amazing Memory Foam Reviewed.
Dreamzy Foam Pillow is made up of a viscoelastic polyurethane foam.
Dreamzy Foam Pillow properly distributes weight and lessens pressure spots, making it a popular choice for mattresses, pillows, and other cushioning items.
Dreamzy Foam Pillow's ability to conform to the contours of your body and provide a more personalized and comfortable sleeping or sitting experience has made it popular due to its comfort and support.
Dreamzy Foam Pillow, is renowned for…
Foam Concentrate Market: High-growth Regions to Expand Geographic Footprint | Ch …
"This research study presents a comprehensive compilation of insightful findings concerning key aspects of the global Foam Concentrate industry, impacting its growth trajectory over the forecast period from 2023 to 2029. The report sheds light on the evolving sales trends of various tech products across different regions and countries, highlighting both growth and decline. A detailed regional analysis is a crucial part of this Foam Concentrate report, offering a meticulous…
DERILA MEMORY FOAM PILLOW REVIEW: IS DERILA MEMORY FOAM PILLOW LEGIT?
Derila Memory Foam Pillow: Experience Ultimate Comfort and Support
A good night's sleep is essential for our overall well-being, and one crucial factor in achieving quality rest is having the right pillow. If you're searching for a pillow that combines comfort, support, and luxurious materials, look no further than the Derila Memory Foam Pillow. Designed with advanced technology and premium materials, this pillow is engineered to provide you with the ultimate…
Foam Packaging Market Growth By 2026 | Top Key Players - Foam Partner, Storopack …
As per a research report by Global Market Insights, Inc., the foam packaging market is projected to surpass $15.7 billion by 2026.
The foam packaging market is likely to witness exponential growth in the coming years owing to increasing product demand in the aerospace & defense sector. Estimated to be one of the fastest growing industries in the foam packaging market, the aerospace and defense sector is…