Global Automotive Foam Market: Focus on the Production of Eco-friendly Product Range, Providing a Valuable Platform for Business Growth

Global Automotive Foam Market

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.

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The main factors behind the growth of the market are:

• Growth in end-user industries in emerging nations: The demand for automotive foams is growing at a healthy rate, as the emergence/establishment of automotive industries in the different developing regions of the world. This widespread expansion is one of the major factors responsible for a healthy growth rate being experienced by the automotive foam market, as the rate of production of automotive from these regions is expanding and subsequently the areas of application for automotive foam is also growing
• Versatility and unique physical properties: Another factor responsible for the high growth of automotive foam is the large-range of beneficial characteristics associated with the object. The various physical and chemical features associated with these products are enhancing the areas of expansion for these products, as they can be utilized in a wider-range of applications in vehicles. The properties associated with foams are high levels of durability, resilience in different applications, better acoustics and a number of other physical characteristics

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:

• In January 2018, Kaneka Corporation announced the expansion of their production facilities situated in Belgium, to meet the growing demand for foam-based products from the automotive industry in the European region. The facility is focused on the production of “Eperan” and “Eperan-PP”, and this expansion is expected to increase the capacity by approximately 50% while upgradation of the existing components will help in better process for mass-production
• In January 2018, DS Smith Plastics announced the expansion of their foam products portfolio that is designed for auto-components. The expansion has been with a focus on expanded polypropylene (EPP) foam and their applications in different auto component manufacturing. Due to the various characteristic benefits of EPP foam, due to their resiliency, durability and light-weight nature they can help in significant reductions for weight of the vehicle

 “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.