Zion Market Research, the market research group announced the analysis report titled ‘Automotive Foam Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’
Global Automotive Foam Market: Overview
Automotive foams are normally polymer foams formed by combining two phases such as solid and gas together quickly to form the foam. These two phases are rapidly combined for the system to respond in a smooth fashion. The foam integrated with air bubbles is known as closed cell structure or open cell structure. Open cell foams are generally flexible, where closed cell foams are rigid in nature. For the production of automotive foam, the gas involved is either chemical or physical and is termed as blowing agent. In the foaming process, physical blowing agents are not directly involved in the chemical reaction; hence, they are static in nature. However, chemical blowing agents are taking part in the chemical reaction; they decompose and release chemicals in the foaming process.
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Global Automotive Foam Market: Growth Factors
Some of the main factors driving the global automotive foam market are cost effectiveness, low density, and weight reduction. Automotive foam also offers low heat transfer and optimal insulators properties; these are key factors fuelling the demand of the global automotive foams over other alternatives. Additionally, automotive foams provide extra comfort, softness, and flexibility to the passengers; this is anticipated to propel the growth of the global market. Moreover, increasing consumer inclination towards polymer foams in vehicles and manufacturers focusing on automotive foam in the commercial vehicle application is expected to fuel the overall growth of the global automotive foam market.
Global Automotive Foam Market: Segmentation
The global automotive foam market is fragmented based on the application as gaskets, instrument panels, noise vibration and harshness solutions, seating, water shields, door panels, headliners, seals, and others. Based on the type, the global market is divided as starch foams, polyurethane, biodegradable foams, and others. The global market is further segregated on the basis of the end-use industry as heavy commercial vehicles, passenger cars, light commercial vehicles, and others.
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Global Automotive Foam Market: Regional Analysis
Geographically, the global automotive foam market is categorized as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America contributed for the largest market due to increasing demand for automotive foams in the global market. Western Europe, however, follows this region; Asia Pacific is emerging as the major market and is expected to witness the highest growth in the near future. Developing economies such as China and Japan may show lucrative growth opportunities in the next few years.
Global Automotive Foam Market: Competitive Players
Some of the key players in the global automotive foam market include BASF Chemical Company, Woodbridge Foam Corporation, Recticel, and Johnson Controls. Other players influencing the global market are Bridgestone Corporation, Vitafoams, Lear Corporation, The Dow Chemical Company, Armacell, and Saint-Gobain.
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Automotive Foam Market by Geographical Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa
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