Global Automotive Foam Market -Market Size, Share & Industry Trends, Growth Analysis Report by Product Type, By Consumption and Forecast 2022 – 2032
Global Automotive Foam Market by Application (Exterior and Interior), Type (Polyolefin (PO) Foam, Polyurethane (PO) Foam, and Others), End-Use (Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV), Passenger Cars), and Regions, (APAC, Europe, North America, and LAMEA) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2022 – 2032
The Automotive Foam market size was valued at USD 31.1 billion in 2022 and is expected to surpass USD 71.2 billion by 2032, expanding at a CAGR of 7.97% during the forecast period, 2022–2032. The market's growth is attributed to the growth of the automotive industry.
Automotive foam refers to the various types of foam materials used in the manufacturing of vehicles, particularly cars, trucks, and other automobiles. These foam materials can be found in various parts of the vehicle, such as seats, headrests, armrests, door panels, dashboards, and interior trim.
There are several different types of foam materials used in the automotive industry, including polyurethane foam, expanded polystyrene (EPS), and polypropylene foam. Polyurethane foam is the most commonly used material, as it is lightweight, durable, and provides good cushioning and sound insulation properties. EPS foam is also used in the automotive industry for its insulating properties and ability to absorb impact. Polypropylene foam is commonly used in automotive applications due to its lightweight nature and resistance to moisture and chemicals.
Foam materials are used in the automotive industry to improve comfort & safety, and reduce noise and vibration. They are also used for their insulating properties to help regulate the temperature inside the vehicle. Additionally, foam materials can be recycled and reused, making them an environmentally friendly option for automotive manufacturers.
Market Trends, Drivers, Restraints, and Opportunities
Scope of the Report
|Report Title||Global Automotive Foam Market|
|Segmentation||Application (Exterior and Interior), Type (Polyolefin (PO) Foam, Polyurethane (PO) Foam, and Others), End-Use (Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV), Passenger Cars)|
|Regional Scope||APAC, Europe, North America, and LAMEA|
|Key Players Covered in the Report||Dupont; Saint Gobain; Woodbridge; BASF SE; Armacell; Johnson Controls; Paul Bauder GmbH & Co. KG|
Market Segment Insights
The interior segment holds the largest revenue and accounts for 42.3% of the market share
Based on application, the automotive foam market is divided into exterior and interior. The interior segment holds largest revenue and accounts for 42.3% of market share and is expected to expand rapidly during the forecast period owing to increasing automobile production worldwide due to increasing disposable income and spending capacity of customers.
The polyurethane (PU) Foam segment dominates the market
Based on type, the automotive foam market is divided into polyolefin (PO) foam, polyurethane (PU) foam, and others. The polyurethane (PU) foam segment dominates the market and is expected to expand rapidly during the forecast period owing to superior mechanical strength capabilities, resistance to the elements, resistance to wear, and capacity to reduce weight. However, the polyolefin (PO) foam segment is anticipated to hold a steady share of the market in the coming years.
The passenger car segment is projected to register a considerable CAGR
On the basis of end-use, the automotive foam market is segregated into light commercial vehicles (LCV), heavy commercial vehicles (HCV), and passenger cars. The passenger car segment is projected to register a considerable CAGR during the forecast period owing to increasing demand for low emission vehicles.
Asia Pacific accounted for 38% share
In terms of regions, the automotive foam market is classified as APAC, Europe, North America, and LAMEA. The market of Asia Pacific accounted for 38% share and is expected to constitute a key share of the market during the projected period owing to increasing consumer preferences for economic models and their personal mobility. However, the market of Europe is anticipated to expand at a rapid pace during the forecast period due to the growing automotive industry in UK and Germany.
Key players competing in the Automotive Foam market are Dupont; Saint Gobain; Woodbridge; BASF SE; Armacell; Johnson Controls; Paul Bauder GmbH & Co. KG.
How much is the market worth?
The Automotive Foam market size was valued at USD 31.1 billion in 2022 and is expected to surpass USD 71.2 billion by 2032.
During the forecast period, what is the CAGR of the market?
During the forecast period, the CAGR of the market is expected to be 7.97%.
What are the key drivers of the market?
The market's growth is attributed to the growth of the automotive industry.
What segments are covered in the Automotive Foam report?
The segments covered in the report are Application (Exterior and Interior), Type (Polyolefin (PO) Foam, Polyurethane (PO) Foam, and Others), End-Use (Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV), Passenger Cars).
Mention which region is expected to hold the highest share of the Automotive Foam market.
The Asia Pacific region is expected to hold the highest share of the Automotive Foam market.
Mention the key players in the market.
Dupont; Saint Gobain; Woodbridge; BASF SE; Armacell; Johnson Controls; Paul Bauder GmbH & Co. KG
1 INTRODUCTION TO GLOBAL AUTOMOTIVE FOAM MARKET
1.1 Overview of the Market
1.2 Scope of Report
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF WISH TREE INSIGHTS
3.1 Data Mining
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL AUTOMOTIVE FOAM MARKET OUTLOOK
4.2 Market Dynamics
4.3 Value Chain Analysis
5 GLOBAL AUTOMOTIVE FOAM MARKET, BY APPLICATION
6 GLOBAL AUTOMOTIVE FOAM MARKET, TYPE
6.2 Polyolefin (PO) Foam
6.3 Polyurethane (PO) Foam
7 GLOBAL AUTOMOTIVE FOAM MARKET, BY END-USE
7.2 Light Commercial Vehicles (LCV)
7.3 Heavy Commercial Vehicles (HCV)
7.4 Passenger Cars
8 GLOBAL AUTOMOTIVE FOAM MARKET, BY GEOGRAPHY
8.2 North America
8.3.4 Rest of Europe
8.4.4 Rest of Asia Pacific
8.5 Rest of the World (LAMEA)
8.5.1 Latin America
8.5.2 The Middle East & Africa
9 GLOBAL AUTOMOTIVE FOAM MARKET COMPETITIVE LANDSCAPE
9.2 Company Market Ranking
9.3 Key Development Strategies
10 COMPANY PROFILES
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Saint Gobain
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 BASF SE
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Johnson Controls
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 Paul Bauder GmbH & Co. KG
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
11.1 Related Research
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By using the Bottom-Up and Top-Down methods we carry out extensive research. Our focus is on the following parameters:
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