Automotive Foams Market Comprehensive Information and Analysis Report on Smart Lighting Market 2019 to 2026
In 2018, Global automotive foams market was valued at USD XX million and is anticipated to reach USD XX million by 2025, growing at a CAGR of XX%.
(EMAILWIRE.COM, September 06, 2019 ) Market Dynamics
Automotive foams improve vehicle safety, enhance structural strength, and reduce NVH at this moment increasing the comfort of the passengers.
The dynamics of the automotive foams market is undergoing a significant phase of alteration due to upsurge growth in the automotive industry.
Increase in urbanization and disposable income are the key drivers who contribute to significant growth in global automotive foams market.
Among all the available foams, polyurethane foam is anticipated to occupy the largest share due to an attractive blend of properties.
Polyurethane foam has high chemical resistance, sound mechanical strength along with appreciable NVH properties.
Market Segmentation
Need For Reduced Overall Weight of the Vehicle
Various environmental regulations enacted by the government and international agencies have always been a challenge for OEMs.
To tackle this, OEMs are actively involved in the usage of foam components in various parts of the vehicle.
This reduces overall weight and increases fuel efficiency thereby decreasing emissions.
Volatility in Raw Material Prices
The cost of foams required for manufacturing automotive components is expensive which in turn is acting as a significant restraint and a challenge for the market.
Ongoing R&D activities for discovering innovative, cost-effective methods of manufacturing foams are anticipated to bring positive results in the near future.
Geographical Analysis
By geography, global automotive foams market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
The Asia Pacific is anticipated to lead the market, among which China and Japan contribute to a significant share of it.
The rise in demand for passenger vehicles in Asia Pacific region will boost the demand for automotive foams market.
Critical players in North America and Europe are looking forward to participating in M&As, tie-ups, and partnerships to boost their research and development activities and contribute to product development. This, in turn, will drive the growth of automotive foams market.
Competitive trends
Key players in the automotive foams market are focusing on new product development and undergoing various business strategies for sustaining in the competitive market.
Most leading players are focussing on geographical expansion.
To achieve this, they are increasingly involved in acquisitions, tie-ups, and collaborations with various regional players.
Critical leading players operating in the global automotive foams market include The Woodbridge Group, BASF, Saint Gobain, The Dow Company and Rogers Foam Corporation among others.
View full sample report: https://www.datamintelligence.com/research-report/automotive-foams
Download free sample: https://www.datamintelligence.com/download-sample/automotive-foams
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Automotive foams improve vehicle safety, enhance structural strength, and reduce NVH at this moment increasing the comfort of the passengers.
The dynamics of the automotive foams market is undergoing a significant phase of alteration due to upsurge growth in the automotive industry.
Increase in urbanization and disposable income are the key drivers who contribute to significant growth in global automotive foams market.
Among all the available foams, polyurethane foam is anticipated to occupy the largest share due to an attractive blend of properties.
Polyurethane foam has high chemical resistance, sound mechanical strength along with appreciable NVH properties.
Market Segmentation
Need For Reduced Overall Weight of the Vehicle
Various environmental regulations enacted by the government and international agencies have always been a challenge for OEMs.
To tackle this, OEMs are actively involved in the usage of foam components in various parts of the vehicle.
This reduces overall weight and increases fuel efficiency thereby decreasing emissions.
Volatility in Raw Material Prices
The cost of foams required for manufacturing automotive components is expensive which in turn is acting as a significant restraint and a challenge for the market.
Ongoing R&D activities for discovering innovative, cost-effective methods of manufacturing foams are anticipated to bring positive results in the near future.
Geographical Analysis
By geography, global automotive foams market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
The Asia Pacific is anticipated to lead the market, among which China and Japan contribute to a significant share of it.
The rise in demand for passenger vehicles in Asia Pacific region will boost the demand for automotive foams market.
Critical players in North America and Europe are looking forward to participating in M&As, tie-ups, and partnerships to boost their research and development activities and contribute to product development. This, in turn, will drive the growth of automotive foams market.
Competitive trends
Key players in the automotive foams market are focusing on new product development and undergoing various business strategies for sustaining in the competitive market.
Most leading players are focussing on geographical expansion.
To achieve this, they are increasingly involved in acquisitions, tie-ups, and collaborations with various regional players.
Critical leading players operating in the global automotive foams market include The Woodbridge Group, BASF, Saint Gobain, The Dow Company and Rogers Foam Corporation among others.
View full sample report: https://www.datamintelligence.com/research-report/automotive-foams
Download free sample: https://www.datamintelligence.com/download-sample/automotive-foams
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results