Press release
Automotive Foam Market Growth, Trends, Size, Share, Forecast to 2034
Automotive Foam Market
Decoding the Rapid Growth of the Automotive Foam Market: Historic and Forecast Periods Analyzed
What Is The Projected Market Size Of The Global Automotive Foam Market And Its Growth Rate?
The automotive foam market has registered robust growth in recent times.
• The market expanded from $44.79 billion in 2024 to $49.57 billion in 2025, projecting a strong compound annual growth rate (CAGR) of 10.7%.
• The key drivers of growth during the historic period include safety regulations, customization, personalization, comfort and ergonomics, and sound and thermal insulation requirements.
• Looking forward, the market is set to continue its impressive growth, reaching $76.46 billion in 2029 with a compound annual growth rate (CAGR) of 11.4%.
• The forecast period's growth is linked to the rise of autonomous vehicles, sustainability initiatives, advanced safety features, connectivity features, and increased urbanization.
What Is Driving The Growth In The Automotive Foam Market?
The growth of the automotive foam market is being propelled by the rising demand for electric and hybrid vehicles, amidst the global shift towards emissions-free motoring due to climate warming and net-zero emission aspirations. The current economic effects of COVID-19 have dampened the demand for traditional petrol and diesel cars, while sales of electric and hybrid vehicles have surged. The shift towards these vehicles not only cuts down fuel costs, but also pivots consumption towards locally produced power vehicles. The increased demand for automobile foam, which offers maximum passenger comfort, safety, and security during the drive, is thus expected to continue. According to International Energy Agency estimates, around 14 million electric cars were registered globally in 2023, marking a 35% increase over the 10.5 million registered in 2022. Electric vehicles (EVs) accounted for 18% of total car sales in 2023, up from 14% in 2022. This upward trend, alongside the fact that battery electric vehicles made up 70% of the total electric car stock in 2023, signals robust growth prospects for the automative foam market.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7619&type=smp
Who Are the Key Players Driving Automotive Foam Market Growth?
Significant contributors to the automotive foam market include:
• 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
What Are The Key Trends In The Automotive Foam Market?
Key trends in the automotive foam market include:
• 3D molded foams
• Sustainable and biodegradable foam
• Smart foam
• Multifunctional foam components
• Breathable foam materials
What Are The Segments Of The Global Automotive Foam Market?
The automotive foam market can be segmented as follows:
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)
Which Region Leads The Automotive Foam Market?
Asia-Pacific dominated the automotive foam market in 2024. Market coverage in this report includes Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/automotive-foam-global-market-report
What Is Covered In The Automotive Foam Market Global Market Report?
- Market Size Analysis: Analyze the Automotive Foam Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Foam Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Foam Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Foam Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/Customise?id=7619&type=smp
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
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead. Our flagship product, the Global Market Model is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making. Follow us on LinkedIn, Twitter, and YouTube
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 Growth, Trends, Size, Share, Forecast to 2034 here
News-ID: 3811567 • Views: …
More Releases from The Business research company
Surgical Meshes Market Landscape to 2034: Key Forces Shaping the Next Decade of …
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 Surgical Meshes Market Size By 2025?
In the past few years, the market size of surgical meshes has seen significant growth. It is projected to expand from $2.03 billion in 2024 to $2.18 billion in 2025, indicating a Compound Annual Growth Rate (CAGR) of 7.3%.…
Rehabilitation Equipment Market Poised to Hit $23.97 Billion by 2029 with Accele …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Rehabilitation Equipment Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a significant growth in the size of the rehabilitation equipment market. Projected to increase from $17.36 billion in 2024, it is expected to reach $18.49 billion in 2025, with a compound annual…
Future of the Pediatric Neurology Device Market: Strategic Analysis and Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Pediatric Neurology Device Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for pediatric neurology devices has seen significant expansion in recent years, climbing from $2.5 billion in 2024 to an anticipated $2.65 billion in 2025, reflecting a compound annual growth rate (CAGR)…
Key Trends Influencing the Growth of the Orthokeratology Lens Market in 2025: In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Orthokeratology Lens Market Through 2025?
The market for orthokeratology lenses has seen a significant increase in size over recent years. It's projected to expand from $2.56 billion in 2024 to $2.75 billion in 2025, with a compound annual growth rate (CAGR) of…
More Releases for Foam
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…
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…
Packaging Foams Market Report with Forecast 2020-2025 | Top Key Players: BASF, A …
Global Packaging Foams market would thus note a steady growth over the forecast period of 2020 - 2025. The robust CAGR (Compound Annual Rate Growth) will chart an upward growth curve and create lucrative growth opportunities in the global Packaging Foams market. In, turn, this will lead to improvement in market worth.
Request a PDF sample of this report: https://www.adroitmarketresearch.com/contacts/request-sample/1415
Global Packaging Foams Market: Notable Development
Global Packaging Foams market is set to…
Technical Foam Services Develops Innovative New Scaffold Foam
Northamptonshire, United Kingdom (8th February, 2013) - Technical Foam Services Ltd, a leading independent engineer-based manufacturer and foam producer, announces the creation of a new scaffold foam.
Technical Foam Services Ltd and their strategic construction partner have been working in unison to develop the Closed Cell PE Scaffold Foam, which uses high density polyethylene foam to offer protection against work equipment damage to decorated surfaces. The scaffold foam also uses a…
Technical Foam Services Creates Foam Inserts for Rak Ceramics
Northamptonshire, United Kingdom (18th February, 2013) - Technical Foam Services Ltd, a leading independent engineering-based manufacturer and foam producer, earlier this month secured a contract with leading ceramic tile design and manufacturer Rak Ceramics.
Rak Ceramics specialises in offering a range of high-quality ceramic tiles, distributing their products to DIY retailers and kitchen designers nationwide.
Sales representatives from the company were becoming increasingly concerned with the loss and damage of these tiles…
Technical Foam Services Manufactures Cancer Prevention Foam
Northamptonshire, United Kingdom (17 June, 2011) - Technical Foam Services, a leading independent engineering-based manufacturer and foam producer, is proud to have been part of an exciting new development in the world of cancer prevention.
A far cheaper and more patient-friendly method has been developed by the UK Medical Research Council, which involves the use of a reticulated foam sponge encapsulated within a pill. Once the pill is swallowed, it dissolves…
