Automotive foams are synthetically produced objects that are produced by incorporating gas/air pockets in either liquid or solid form of plastics. The amount of gas/air present in these foams is significantly high as compared to liquids/solids in the object. These foams are being utilized in various automotive applications providing high amounts of safety, strength, comfort and even better acoustics. These foams are majorly utilized in the seating production of a vehicle, although certain mixtures and combination of these products are also being utilized in other interior vehicle filling applications.
Access Full Report at https://www.databridgemarketresearch.com/reports/global-automotive-foam-market
The main factors behind the growth of the market are:
The market is segmented on the basis of type as polyurethane, polyolefin, styrenic, polyvinyl chloride, phenolic, melamine, others; application as heavy commercial vehicles, light commercial vehicles, passenger cars, others; end user application is segmented into passenger cars, light commercial vehicles, heavy commercial vehicles.
Some of the recent market developments are as follows:
“According to Data Bridge Market Research, global automotive foam market is expected to reach USD 60.83 billion by 2025, growing at a healthy CAGR during the forecast period of 2018 to 2025”
Some of the major players operating in the 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.
With the focus of various authorities and governments on development of green, environmental friendly products from the different manufacturing industries, the suppliers of raw materials for these manufacturers have started focusing on the development of renewable products. This availability of renewable materials for production has given rise to the development of green polyurethane foams from the manufacturers that can be utilized across a broad range of industries. This trend of shifting towards more environmental friendly product range is expected to have a positive impact on the growth for automotive foam.
Global Automotive Foam Market - Industry Trends and Forecast to 2025