The global automotive foams market is expected to grow at a significant CAGR during the forecast period. Automotive foams are primarily produced using raw materials such as Toluene Diisocyanate (TDI), polyols, ethane, and propane. Automotive foams have various uses and types including flexible foam, rigid foam, semi-rigid foam, filler foam, structural foam, absorbing foam and so on. All of these have different applications according to the need. Absorbing foams are usually found in the bumper and replace the expensive, heavy systems that used massive steel bumper. Additionally, flexible foams have various applications such as blocking air movement, sealing water leaks, large voids, controlling sound by absorbing it and so on.
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Some of the major players in the field of automobile foams include Johnson Controls, Inc., The Dow chemicals, Co., Rogers Corp., Bridgestone Corp., Faurecia SA, The Vita Group, Armacell International S.A., BASF SE, and UFP Technologies, Inc.
Vehicles have become a necessity in every household, transitioning lifestyles and wide availability of low-end sports models has made it possible for a consumer to purchase vehicles as per their need. Additionally, vehicles are being seen as a status symbol which has increased the growth of automotive foams industry. With the easy availability of vehicles and low price, most of the people today are able to purchase a vehicle which is increasing the demand for automotive and simultaneously the automotive foam demand is on growth. Automobile Foam is developed by closed-cell foams, open-cell foams, melamine, natural fibers, and others.
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Global Automotive Foam Market-Segmentation
By Material Type
- Polyurethane
- Polyolefin
- Polyvinyl Chloride (PVC)
By Application
- Seating
- Door Panels
- Bumper System
- Others
By End-User
- Commercial Vehicles
- Passenger Cars
- Two Wheelers
Scope of the Report
The research study analyzes the global Automotive Foam industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Automotive Foam Market Report
1. What was the Automotive Foam Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Automotive Foam Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Automotive Foam Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.For more customized data, request for report customization @ https://www.orionmarketreports.com/inquiry-before-buying/?id=30957
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