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At a CAGR of 9.1 percent between 2023 and 2030, the global automotive foam market is expected to expand from its 2022 valuation of USD 28.94 billion to a peak of USD 58.25 billion.
The increasing need for automobiles that are both lightweight and energy efficient has been a major driver of the expansion of the worldwide automotive foam market. The growing popularity of electric vehicles (EVs) is fueling demand for specialised foam solutions with superior thermal insulation and fire resistance, which is driving market expansion. Advanced acoustic foam solutions, which efficiently muffle noise and vibrations in automobiles, have also been developed in response to rising customer interest in quieter and more refined driving experiences. Customers may expect a quiet and relaxing ride thanks to the automotive foams' ability to effectively insulate them from outside noise and dampen the car's vibrations. The need for automotive foams is expected to increase, which will stimulate research & development within the sector and spur new product launches.
Subtype Analysis
Polyurethane foam is by far the largest subset of the dynamic worldwide automotive foam market. Polyurethane foam has become the backbone of this booming business, winning the hearts of both producers and customers. Its superior comfort, durability, and noise reduction in vehicle applications are likely responsible for its massive market dominance. Polyurethane foam, available in a wide variety of densities and compositions, is used for a variety of vehicle components, including seat cushions and headrests, to provide unrivalled levels of comfort and support. In addition, its superior thermal insulation and lightweight design enhance fuel efficiency, an essential quality in today's eco-conscious automobile landscape. Polyurethane foam is expected to be the fastest-growing sector of the global automotive foam market as consumer preferences shift towards more luxurious driving experiences. Polyurethane foam's dominance cannot be contested; the material's inherent benefits have caused it to explode in popularity, transforming the vehicle industry and laying the groundwork for future breakthroughs in ride quality and handling.
Evaluation Through Use
Seating, which captures the core of the pleasant driving experience, is the largest subset of the varied worldwide automotive foam market. Foam's unrivalled capacity to supply ergonomic support and cushioning for passengers and drivers alike has led to a surge in demand for foam in automobile seating applications. Automotive makers are looking to high-quality foams to improve the interior experience as the demand for driver comfort rises. Furthermore, foams in seating applications play a crucial role in minimising tiredness and promoting a safe posture throughout long journeys. Foams in this market are expected to rise at a healthy clip because car manufacturers are always coming up with new ways to improve seats designs and materials.
The insulation submarket of the global vehicle foam sector is expanding at a particularly rapid rate. The importance of high-quality sound insulation materials cannot be overstated as automakers work to lower NVH levels inside automobiles. In order to create a peaceful and comfortable interior, insulation solutions based on foam offer outstanding noise reduction and vibration dampening capabilities. Moreover, as electric vehicles rise in popularity, the importance of insulation in reducing the effects of environmental noises and vibrations increases. Foam insulation is expected to see skyrocketing growth as the automotive sector embraces electric mobility and responds to the growing desire for quieter vehicles. The global automotive foam market is expected to grow at a double-digit CAGR between 2016 and 2021, with the key segments being seating and insulation. As new technology and materials keep pushing the industry forward, foams are becoming increasingly important in building the cars of the future.
Drivers
The Need for Noise, Vibration, and Harm Reduction Is Growing
Foams have become increasingly popular as a material for use in automotive seating and insulation as a direct result of consumer demand for these features. Cushioning and reducing road noise are two ways in which foam materials improve the quality of the car ride.
Restraints
Raw material cost fluctuations
Foam components like polyurethane and polyolefin have volatile costs due to their dependence on commodity markets. The profitability of foam makers and, by extension, the prices of foam products can be affected by the fluctuation in the cost of raw materials.
Intense rivalry characterises the global automotive foam market as major competitors strive to secure a dominant position in what is a very dynamic sector. Foam makers, both old and new, compete to meet the needs of original equipment manufacturers and consumers. Lightweight and high-performance foams that are in line with the automobile industry's sustainability aims and consumer needs are the focus of product innovation and technological improvements by several companies. Mergers, acquisitions, and other forms of strategic partnership are increasingly used methods of reaching a wider audience, improving product offerings, and entering untapped geographic areas. To alleviate environmental worries and meet strict standards, businesses are working hard to create eco-friendly foam alternatives. Opportunities for market leadership in determining the future of automotive foam applications exist as the automotive industry continues to develop with the introduction of electric vehicles and autonomous driving technology.
Report Coverage
Global Automotive Foam research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Automotive Foam report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Automotive Foam competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Automotive Foam market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Automotive Foam market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Automotive Foam market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Johnson Controls., Woodbridge., Lear Corp., Bridgestone Corporation, Armacell, Rogers Communications, BASF SE, Recticel, Vitafoam Nig. PLC, Saint-Gobain,, Stepan Company, NGCT Cleansys Pvt. Ltd., ABRO Industries, Inc., BG Products, Inc., Auto Industrial Marine Chemicals, Inc., Dun & Bradstreet, Inc. 3M, Radiator Specialty Company, Cox Industries Inc. and CRC INDUSTRIES.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Automotive Foam market based on the below-mentioned segments:
Global Automotive Foam Market, By Type
Polyurethane (PU) Foam
Polyolefin (PO) Foam
Global Automotive Foam market, By Application
Seating
Door Panels
Bumper System
Global Automotive Foam Market, By End User
Car
Light Commercial Vehicle
Heavy Commercial Vehicle
Global Automotive Foam market, Regional Analysis
The increasing need for automobiles that are both lightweight and energy efficient has been a major driver of the expansion of the worldwide automotive foam market. The growing popularity of electric vehicles (EVs) is fueling demand for specialised foam solutions with superior thermal insulation and fire resistance, which is driving market expansion. Advanced acoustic foam solutions, which efficiently muffle noise and vibrations in automobiles, have also been developed in response to rising customer interest in quieter and more refined driving experiences. Customers may expect a quiet and relaxing ride thanks to the automotive foams' ability to effectively insulate them from outside noise and dampen the car's vibrations. The need for automotive foams is expected to increase, which will stimulate research & development within the sector and spur new product launches.
Subtype Analysis
Polyurethane foam is by far the largest subset of the dynamic worldwide automotive foam market. Polyurethane foam has become the backbone of this booming business, winning the hearts of both producers and customers. Its superior comfort, durability, and noise reduction in vehicle applications are likely responsible for its massive market dominance. Polyurethane foam, available in a wide variety of densities and compositions, is used for a variety of vehicle components, including seat cushions and headrests, to provide unrivalled levels of comfort and support. In addition, its superior thermal insulation and lightweight design enhance fuel efficiency, an essential quality in today's eco-conscious automobile landscape. Polyurethane foam is expected to be the fastest-growing sector of the global automotive foam market as consumer preferences shift towards more luxurious driving experiences. Polyurethane foam's dominance cannot be contested; the material's inherent benefits have caused it to explode in popularity, transforming the vehicle industry and laying the groundwork for future breakthroughs in ride quality and handling.
Evaluation Through Use
Seating, which captures the core of the pleasant driving experience, is the largest subset of the varied worldwide automotive foam market. Foam's unrivalled capacity to supply ergonomic support and cushioning for passengers and drivers alike has led to a surge in demand for foam in automobile seating applications. Automotive makers are looking to high-quality foams to improve the interior experience as the demand for driver comfort rises. Furthermore, foams in seating applications play a crucial role in minimising tiredness and promoting a safe posture throughout long journeys. Foams in this market are expected to rise at a healthy clip because car manufacturers are always coming up with new ways to improve seats designs and materials.
The insulation submarket of the global vehicle foam sector is expanding at a particularly rapid rate. The importance of high-quality sound insulation materials cannot be overstated as automakers work to lower NVH levels inside automobiles. In order to create a peaceful and comfortable interior, insulation solutions based on foam offer outstanding noise reduction and vibration dampening capabilities. Moreover, as electric vehicles rise in popularity, the importance of insulation in reducing the effects of environmental noises and vibrations increases. Foam insulation is expected to see skyrocketing growth as the automotive sector embraces electric mobility and responds to the growing desire for quieter vehicles. The global automotive foam market is expected to grow at a double-digit CAGR between 2016 and 2021, with the key segments being seating and insulation. As new technology and materials keep pushing the industry forward, foams are becoming increasingly important in building the cars of the future.
Drivers
The Need for Noise, Vibration, and Harm Reduction Is Growing
Foams have become increasingly popular as a material for use in automotive seating and insulation as a direct result of consumer demand for these features. Cushioning and reducing road noise are two ways in which foam materials improve the quality of the car ride.
Restraints
Raw material cost fluctuations
Foam components like polyurethane and polyolefin have volatile costs due to their dependence on commodity markets. The profitability of foam makers and, by extension, the prices of foam products can be affected by the fluctuation in the cost of raw materials.
Intense rivalry characterises the global automotive foam market as major competitors strive to secure a dominant position in what is a very dynamic sector. Foam makers, both old and new, compete to meet the needs of original equipment manufacturers and consumers. Lightweight and high-performance foams that are in line with the automobile industry's sustainability aims and consumer needs are the focus of product innovation and technological improvements by several companies. Mergers, acquisitions, and other forms of strategic partnership are increasingly used methods of reaching a wider audience, improving product offerings, and entering untapped geographic areas. To alleviate environmental worries and meet strict standards, businesses are working hard to create eco-friendly foam alternatives. Opportunities for market leadership in determining the future of automotive foam applications exist as the automotive industry continues to develop with the introduction of electric vehicles and autonomous driving technology.
Report Coverage
Global Automotive Foam research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Automotive Foam report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Automotive Foam competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Automotive Foam market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Johnson Controls., Woodbridge., Lear Corp., Bridgestone Corporation, Armacell, Rogers Communications, BASF SE, Recticel, Vitafoam Nig. PLC, Saint-Gobain,, Stepan Company, NGCT Cleansys Pvt. Ltd., ABRO Industries, Inc., BG Products, Inc., Auto Industrial Marine Chemicals, Inc., Dun & Bradstreet, Inc. 3M, Radiator Specialty Company, Cox Industries Inc. and CRC INDUSTRIES. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Automotive Foam Market from 2021 to 2030.
- Market Forecast for Automotive Foam Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Automotive Foam competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Automotive Foam
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Automotive Foam market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Automotive Foam market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Johnson Controls., Woodbridge., Lear Corp., Bridgestone Corporation, Armacell, Rogers Communications, BASF SE, Recticel, Vitafoam Nig. PLC, Saint-Gobain,, Stepan Company, NGCT Cleansys Pvt. Ltd., ABRO Industries, Inc., BG Products, Inc., Auto Industrial Marine Chemicals, Inc., Dun & Bradstreet, Inc. 3M, Radiator Specialty Company, Cox Industries Inc. and CRC INDUSTRIES.
Primary Target Market
- Market Players of Automotive Foam
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Automotive Foam market based on the below-mentioned segments:
Global Automotive Foam Market, By Type
Polyurethane (PU) Foam
Polyolefin (PO) Foam
Global Automotive Foam market, By Application
Seating
Door Panels
Bumper System
Global Automotive Foam Market, By End User
Car
Light Commercial Vehicle
Heavy Commercial Vehicle
Global Automotive Foam market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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