Automotive Foams Market Research, Segmentation, Key Players Analysis & Forecast By 2032

 Global Automotive Foams Market Size is projected to be worth US$ 42,300.0 million in 2022 and to increase at a CAGR of 11.2% to US$ 122,289.2 million from 2022 to 2032. The global automotive industry, which has been expanding and has in some places reached pre-recession economic levels, is expected to be the automotive foam market's main driver.

Key Takeaways:

  • With regard to automotive foams, Europe commands the largest automotive foam market share. The region is projected to grow at a rate of over 24.5%.
  • Automotive Foams are predicted to experience rapid automotive foam market growth in North America, where they are projected to account for 21.6% of global sales in 2022.
  • With lucrative growth prospects, Asia-Pacific is anticipated to grow and account for a sizeable 16.4% of the global automotive foams market by 2022.
  • The automotive foam market is anticipated to experience significant growth in the Middle East & Africa region, which is projected to account for 9.2% of global market share in 2022.

Automotive foams are specialized materials used in various components of a vehicle, such as seats, headliners, door panels, dashboard, and insulation. These foams are designed to provide a range of benefits, including comfort, noise reduction, vibration dampening, and impact resistance. There are different types of automotive foams used in the automotive industry

  1. Polyurethane foam: This is the most commonly used foam in the automotive industry. It is lightweight, durable, and has excellent vibration dampening and insulation properties. Polyurethane foam is used in car seats, headrests, armrests, and door panels.

Start-up Ecosystem:

Numerous well-known market participants, including Sarva Foam Industries Pvt. Ltd., Alpha Foam Ltd., Goldcoin Foam Pvt. Ltd., IRE-TEX Premier India Pvt. Ltd., Premratan Concast Pvt Ltd., and Royal EPE Foam Private Limited, among others, are collaborating to deliver the best-in-class Acrylic BoxCleaes for enhancing the global scene. However, there are numerous international start-ups in the automotive foams market who are moving forward to meet the demands of the automotive foams domain.

  • Sarva Foam Industries Private Limited

Unlisted private company Sarva Foam Industries Private Limited was established on October 8, 2018. It is situated in Bhopal, Madhya Pradesh, and is categorised as a private limited company. EPE foams are the area of expertise for Sarva Foam.

 

  • IreTex Premier India Pvt. Ltd.

One of the top producers and exporters of EPE foam and air bubbles since its establishment in 2007, IreTex Premier India Pvt. Ltd. IreTex Premier is dedicated to offering a broad selection of EPE foams and air bubble products for packaging needs that are of the highest quality and offered at affordable prices.

The demand for cars is anticipated to increase as a result of rising disposable income and purchasing power parity in emerging economies from the Asia Pacific. This factor is anticipated to be positive for automotive foam market demand. The primary factors anticipated to accelerate the automotive foam market's growth are the rising OEM preference for foam products in commercial vehicle applications and the rising demand for foam in developing nations.

For more information: https://www.futuremarketinsights.com/reports/automotive-foams-market

On the other hand, the slowdown in the economy, proper disposal, and recycling practises are some of the main factors limiting growth in the automotive foam market and are anticipated to do so over the course of the forecast period.

Electric vehicles are anticipated to present significant growth opportunities in the region, which will cause the Europe region to experience automotive foam market growth over the course of the forecast period. Additionally, as a result of the UK's steady economic growth, the number of vehicles in use has grown over time.

Over the course of the forecast period, it is anticipated that the presence of significant auto manufacturers in the area, which are continually increasing their production capacity, will have an effect on regional product demand for automotive foam.

Within a short period of time, the Tesla Cybertruck has received more than 250,000 orders. By the end of 2021, it's anticipated that production of these trucks will begin. Over the forecast period, Europe is also anticipated to experience modest automotive foam market growth.

Competitive Landscape:

In the global automotive foams market, some of the major players include Bridgestone Corporation, Johnson Controls, Evonik Industries AG, BASF SE, Rogers Corporation, FoamPartner, ARMACELL LLC, Woodbridge, Lear Corporation, Toray Plastics (America), Inc., The Dow Chemical Company, Recticel, Fostek Corporation, Trocellen, and Zotefoams Plc.

The automotive foam market is extremely competitive, which can be attributed to the large number of participants. A number of regional level players are also active across key growth regions, particularly in Europe, even though global players with significant automotive foam market share include Bridgestone Corporation, Johnson Controls, Evonik Industries AG, BASF SE, and Rogers Corporation.

Key Segments Profiled in the Automotive Foams Industry Survey

Automotive Foams Market by Foam Type:

  • Polyurethane Automotive Foam
  • Polyolefin Automotive Foam
  • Other Automotive Foam Types

Automotive Foams Market by Application:

  • Automotive Foams for Seating
  • Automotive Foams for Door Panels & Water shields
  • Automotive Foams for Instrument Panels
  • Automotive Foams for Bumper System
  • Automotive Foams for Other Applications

Automotive Foams Market by End Use:

  • Automotive Foams for Passenger Vehicles
  • Automotive Foams for Light Commercial Vehicles (LCV)
  • Automotive Foams for Heavy Commercial Vehicles (HCV)

Comments

Post a Comment

Popular posts from this blog

Automotive Sensors Market Study: An Emerging Hint of Opportunity by 2033

  The   automotive sensor market  demand will continue rising through 2021 with worldwide demand projected to increase by  5.5%  year over year. As per Future Market Insights (FMI), automotive sensor revenues generation will increase at a ten-year compound annual growth rate (CAGR) of  7.2% , as the automotive production recovers after bucking skepticism about how the market would perform post pandemic. NXP Semiconductors N.V., TE Connectivity, Continental AG, Denso Corporation, Robert Bosch GmbH are identified as leading players in automotive sensor market. They will collectively account for nearly  30%  of global market share in 2021. Auto theft has emerged as a serious problem across the globe. According to a report by the National Insurance Crime Bureau, auto theft grew by 9.2% year-on-year in U.S. reaching 873,080 cases in 2020. To tackle this issue, automakers are installing modern anti-theft sensors in economic and budget cars. This development will fuel the demand for automotiv
Read more

Automotive Head-up Display Market Report: Overview With Geographical Segmentation By Revenue With Forecast By 2033

  The global   automotive head-up display market   is expected to attain a valuation of US$ 1.3 billion in 2023 and is projected to reach US$ 6.4 billion by 2033, trailing a CAGR of 17.2% during the forecast period. New projection technologies are becoming available, such as electromechanical micro mirror-based devices. These innovations offer vivid displays with a broad colour spectrum. The affordability and innovation that these display technologies offer are what are driving the market growth for display systems. Key Takeaways The United States automotive head-up display industry is projected to expand with a CAGR of 16.8% from 2023 to 2033. The demand for automotive head-up displays in China is expected to capture a CAGR of 17.1% during the forecast period. By dimension, the 3D segment is projected to expand with a CAGR of 19.6% between 2023 and 2033. Germany is expected to secure a CAGR of 17% throughout the forecast period. Increasing sales of luxury and premium vehicles are expe
Read more

Battery Swapping Charging Infrastructure Market Analysis and Market Studies To 2033

  The global   Battery Swapping Charging Infrastructure Market   is expected to surpass an impressive valuation of USD   202.07   million in 2023 and is projected to exhibit a compound annual growth rate (CAGR) of 21% from 2023 to 2033.  Infrastructure for EV charging will be more and more in demand for residential and business uses. The market for electric vehicle charging infrastructure is also anticipated to grow over the future decades as a result of improved automakers' cooperation for charging infrastructure via a monthly subscription. Reduced battery replacement infrastructure construction costs, decreased EV purchase costs, increased demand for public charging infrastructure, and supportive government subsidies are accelerating market growth. Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-15888 Green energy is also anticipated to be a major factor in private and public electric vehicle charging. Owners of electric vehicles worry
Read more