Automotive Foam Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Polyurethane (PU) Foam, Polyolefin (PO) Foam, Others), By Application (Interior and Exterior), By End-Use Industry (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Region and Competition Forecast 2018-2028
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationAutomotive Foam Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Polyurethane (PU) Foam, Polyolefin (PO) Foam, Others), By Application (Interior and Exterior), By End-Use Industry (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Region and Competition Forecast 2018-2028
In 2021, around 487 thousand commercial vehicles were produced in India.
Foam in the automotive sector is gaining massive momentum since it performs several functions, such as controlling noise, harshness, and vibration. Foams also help the automotive domain protect vehicles from the ruggedness of the environment and roadways. Due to the flexibility and softness of foams that provide passenger comfort, the usage of automotive foam in the seating sector is growing, which is a major factor driving the automotive foam market growth in the forecast year.
For instance, according to the recent studies, consumers spent USD 250 billion on electric vehicle purchases in 2021, a 65% increase over 2021. Furthermore, Global sales of electric cars have kept rising strongly in 2022, with 2 million sold in the first quarter, up 75% from the same period in 2021.
Rising focus on Bio-Based Materials to be a Key Trend
in March 2019, the German foam manufacturer Trocellen created a bio-based cross-linked polyethylene foam that was certified by an accredited external laboratory.
Polyurethane Foams Will Continue to Be a Key Type
In 2021, Momentive Performance Materials Inc. launched the latest generation of Nix polyurethane additives for a range of PU applications. While retaining the performance of manufacturers' processes and end products, these new products offer reduced emission attributes.
Recent Developments
- InMay 2022, a water-blown polyurethane insulation spray foam known as ElastoflexCE 3651/108 was created by King Long United Automotive (SuZhou) Co., Ltd., amajor bus manufacturer in China, in partnership with BASF SE.
- Forusage in car interior components, Huntsman has introduced a new line oflow-emission MDI-based foam solutions in October 2021.
- EvonikIndustries, in November 2019, announced the development of its Rohacell (polymethacrylimide)foam production facility at its Albama plant in the United States.
- InMarch 2019, Belineco LLC, a producer of polyurethane foam systems in theCIS-Region, has been acquired by Sika AG, a specialty chemical manufacturerlocated in Switzerland.
Market Segmentation
Market Players
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | Type Application End-Use Industry |
| Regional scope | North America, Europe, Asia Pacific, South America, Middle East & Africa |
| Country scope | United States, Mexico, Canada, France, Germany, United Kingdom, Spain, Italy, China, India, South Korea, Japan, Australia, Brazil, Argentina, South Africa, Saudi Arabia, UAE |
| Key companies profiled | Lear Corporation, Armacell LLC, Premratan Concast Pvt Ltd., Saint-Gobain S.A., Rogers Corporation., Adient plc., BASF SE, Woodbridge Foam Corporation, Recticel SA, Meenakshi Polymers Pvt. Ltd. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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