The goal of this Automotive Foams market research report is to show an exhaustive appraisal of the market and contains attentive bits of knowledge, realities, verifiable information, industry-approved market information and projections with an appropriate arrangement of presumptions and procedure. The report likewise helps in understanding industry-validated market data, structure by distinguishing and investigating the market fragments and projects the worldwide market estimates. This far reaching examination will empower the entrenched just as the rising players to build up their business methodologies and accomplish their present moment and long haul objectives.
Further, the Automotive Foams market research report likewise focuses on aggressive examination of key players by item, cost, budgetary position, item portfolio, development techniques, and local nearness. The report likewise gives PEST investigation, PORTER’s examination, and SWOT examination to answer queries of investors to organize the endeavors and interest in near future to developing fragment in the Automotive Foams market. It likewise examines the present circumstance of the market gauge, share, request, improvement examples, and estimate in the coming years.
Detailed portrayal of Global Automotive Foams Market considering forthcoming opportunities, challenges, risks, and threats in the market. 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% forecast 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. 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. Automotive foams are largely used in all types of vehicles including light commercial vehicles, heavy commercial vehicles and passenger cars. Increasing use of automotive foams in seating industry is expected to drive the market globally. The major driver for automotive foam consumption comes from the increasing demand in developing countries tied with growing manufacturer’s inclination for automotive foams products in commercial vehicle applications.
Key Players of Automotive Foam Market
Johnson Controls, The Dow Chemical Company, Bridgestone, BASF, Recticel, Vitafoam, Armacell, Adient, Saint-Gobain, Woodbridge Foam Corp, Lear Corporation, Rogers Foam Corporation, ZOTEFOAMS, UFP Technologies, Inc., Grand Rapids Foam Technologies, Foam Supplies, Inc., Eurofoam Hungary Kft, Caligen Foam, Vitafoam Nigeria Plc and others.
In March 2012, GRACO and Dow Automotive Systems has jointly introduced the BETAFOAM™ NVH solution to provides a pleasant and quieter riding experience, by incorporating Dow’s BETAFOAM™ technology and Graco HFR™ System, the BETAFOAM™ NVH solution. In June 2014, The DOW Chemical Company has launched its first emission-free Polyurethane (PU) foam solution for interior applications. In Jan 2016, Armacell, a leading insulation foam producer, launched first foam insulation production plant in Russia.
Global Automotive Foam 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 global Automotive Foam drug market for global Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Key Segmentation of Automotive Foam Market
Global Automotive Foam Market, By Type (Polyurethane, Polyolefin, Styrenic, Polyvinyl chloride, Phenolic, Melamine, & Others), By Application(Heavy Commercial Vehicles, Light Commercial Vehicles, and Passenger Cars and others),By End User Application(Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Geography (North America, Europe, Asia-Pacific, Middle East & Africa, South America)- Industry Trends and Forecast to 2025
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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