Global Automotive Foam Market 2019: Strategic Assessment, Latest Innovations

Posted by kelvindbmr on January 29th, 2020

Global automotive foams market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive foams market for global, Europe, North America, Asia Pacific and South America.

Global Automotive Foam Market is expected to reach USD 60.83 billion by 2025, from USD 38.35 billion in 2017 growing at a CAGR of 13.5% during the forecast period of 2018 to 2025.The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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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. Polyolefin foams can function over a wide range of temperatures reliably across different industry verticals. It is a versatile material for different applications distinctively in the automotive segments. The automotive applications demand for foams having durability and minimal weight. Polypropylene foams make available both, along with reduction in the global component weight, and ominously lower cost.

Major Market Competitors/Players: Global Automotive Foam Market

Some of the major players operating in market are Johnson Controls, Woodbridge Foam Corporation, Lear Corporation, Bridgestone Corporation, BASF, Recticel, Vitafoams, Armacell, The Dow Chemical Company, Rogers, and Saint-Gobain among Others.

Market Segmentation: Global Automotive Foam Market

Based on type the market is segmented polyurethane, polyolefin, styrenic, polyvinyl chloride, phenolic, melamine, & others.

• On the basis of application the market is classified heavy commercial vehicles, light commercial vehicles, and passenger cars and other automotive foam.
• Based on end user application the market is classified passenger cars, light commercial vehicles, heavy commercial vehicles.
• Based on geography the global automotive foams market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others

Major Market Drivers and Restraints:

• Growth in end-user industries in emerging nations
• Versatility and unique physical properties
• Economic slowdown
• Proper disposal & recycling technique

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