Global Automotive Foam Market - To Witness Steady Growth of CAGR 13.5% During the Forecast Period 2019-2026
Definition:
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. Also, the recyclability of
polypropylene foams preserves the environment and helps with the conservation
of resources, while meeting the increasing safety standards in the industry.
Analysis of Global Automotive Foam
Market report:
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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Major Market Drivers and Restraints:
·
Growth in end-user industries in emerging nations
·
Versatility and unique physical properties
·
Economic slowdown
·
Proper disposal & recycling technique
Leading Key players profiled in this
report are:
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.
Global Automotive Foam Market
Segmentation:
·
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.
Competitive Analysis:
The 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.
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The Global Automotive Foam Market report provides the global
market size of the main players in each region. Moreover, the report provides
knowledge of the leading markets players within the Global Automotive Foam
Market. The industry changing factors for the market segments are explored in
this report. This analysis report covers
the growth factors of the worldwide market based on end-users. Market
opportunities and recommendations for new investments are also encompassed in
this report.
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