PRZOOM - /newswire/ -
Wilmington, DE, United States, 2015/04/14 - The major applications for automotive foams such as seatings, instrument panels, headliners, door panels & water shields, seal, gaskets & NVH and others have been discussed in detail in the report - MarketsAndMarkets.com.
The report “Automotive Foam Market by Types (Polyurethane, Polyolefin, Styrenic, Polyvinyl chloride, Phenolic, Melamine, & Others) and by Applications (Heavy Commercial Vehicles, Light Commercial Vehicles, and Passenger Cars) - Global Trends & Forecasts to 2019” defines and segments the global automotive foam market with an analysis and forecast of its global volume and value.
Browse 100 market data tables and 70 figures spread through 147 pages and in-depth TOC on “Automotive Foam Market".
Early buyers will receive 10% customization on this report.
The automotive foams market is estimated to witness a CAGR of 10.50% between 2014 and 2019, and is expected to generate a global market value of $40.83 billion by 2019.
The report also defines driving and restraining factors for the global automotive foam market with the analysis of trends, opportunities, burning issues, winning imperatives, strategic benchmarking and challenges. Some of the drivers include light weight nature, durability, increasing demand in end-user industries, & growing demand in developing nations. Some of the restraints include exposure risks & environmental impacts, and rising raw material cost. There are some opportunities which will change the dynamics of automotive foam industry in the years to come, which include increasing demand of automotive foam materials in major applications including seating, instrument panels, seals & NVH and bumper system. The market is forecasted on the basis of major regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW) by both value and volume. The regional automotive foams market is further segmented on the basis of major application.
“Asia-Pacific: The Biggest Market of Automotive foams”
The Asia-Pacific region is the world’s largest market of automotive foams with a share of around 43.36% in terms of volume in 2013. China is the key consumer of automotive foams in Asia-Pacific. Rising passenger car and heavy commercial vehicle industry is driving the market in the region. Various merger & acquisitions, product launches, developments, and expansions in different industries have in turn made the region a potential growth market for automotive foams.
Speak to Analyst
“Polyolefin: The Fastest-growing Type; while Seating The Biggest Automotive foams Application”
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 provide both, along with reduction in the overall component weight, and significantly lower cost. Also, the recyclability of polypropylene foams preserves the environment and helps with the conservation of resources, while meeting the escalating safety standards in the industry. The seating application of automotive foams has a wide scope for its expansion, which in turn would help in increasing the consumption for automotive foams globally. It is the biggest application of automotive foam and is projected to be worth $6,657.68 million by 2019.
Johnson Controls (U.S.), Woodbridge Foam Corporation (Canada), Lear Corporation (U.S.), Bridgestone Corporation (Tokyo), BASF (Germany), Recticel (Belgium), Vitafoams (U.K.), Armacell (Germany), The Dow Chemical Company (U.S.), Rogers (U.S.), and Saint-Gobain (France) are some of the major manufacturers of automotive foam materials.
MarketsandMarkets (marketsandmarkets.com) is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform,"RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.