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North America led by the U.S. is anticipated to drive the automotive foam market size by 2025 due to vehicle safety norms and need for efficient braking. Technological advancement coupled with extensive R&D to improve design and better operations in manufacturing will augmenting the automotive foam market growth in future. Asia Pacific is estimated to be the most lucrative market for the product due to the emerging economies in automobile sector such as South Korea, Japan and China. Government support and increased vehicle production will also spur the product market size in forecast time span.Automotive Foam Market Size will foresee the significant growth in coming years. Foams are produced from polyolefins, PVC, polyurethane and other petroleum derivative products. Growing automobile industry coupled with increase in disposable income of people are some key factors for the product market to prosper. The product offers several advantages as it reduces the overall weight which in turn results in enhanced fuel efficiency of the vehicle, offers superior thermal insulation, acoustic, and other such features. This in turn will spur the automotive foam market in forecast spell.
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The automotive foam market reports basic table of content consists of,
1. Methodology and Scope
2. Executive Summary
3. automotive foam Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2019 – 2025
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter’s analysis
3.10. Company market share, 2018
3.11. PESTEL analysis
3.14. Regional price trends
4. Automotive foam Product Insights
5. Automotive foam Application Insights
6. Automotive foam Regional Insights
7. Competitor Profiles
Basically, the product is manufactured by open cell foams, closed cell foams, melamine, natural fibers and others. Polyolefins based open cell & closed cell foams are the widely used product in automotive foams industry due to their light weigh, excellent fire & water resistance, easy of recyclability and other superior properties. These enhanced characteristics will fuel the automotive foams market in forecast period.
Oscillation in raw material prices and adverse effects on the environment are some key restraining factors for automotive foam market growth. Foams are formed by the petroleum derivative products such as polyolefins, polyurethane, etc and changes in the oil prices will significantly influence the prices of its derivatives. Strict regulation related to the negative effects of chloro fluoro carbons which are involved in the production of the polymer-based foams is another challenge for automotive foam market growth by 2025.
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The product is further fragmented into end-use which includes light commercial vehicle, heavy commercial vehicle and passenger cars. Increasing demand for passenger cars is expected to boost the automotive foam market owing to change in earning level and lifestyle. The shifting trends towards better driving comfort and improved performance are driving the product penetration among the passenger cars segment. Growth in passenger car sales particularly in Asia Pacific region with increased per capita income will drive the automotive foam market demand in forecast time frame.
Reasons to Buy This Report:
1. Automotive foam Market size & share forecast by product & application 2019-2025
2. Growth drivers, pitfalls & industry challenges
3. Key automotive foam market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
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The key players in the automotive foam market include Johnson Controls, Dow chemicals, Saint-Gobain, Armacell, BASF, Woodbridge Foam Corporation, Bridgestone, Lear Corporation, Rogers Corporation, Recticel, UFP Technologies, Vitafoams, Grand Rapids Foam Technologies, Foam Supplies, Eurofoam Hungary, Zotefoams Plc, Caligen Foam and others.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Name: Arun Hegde
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Organization: Global Market Insights, Inc.
Phone: 18886890688
Website: https://www.gminsights.com/industry-analysis/automotive-foam-market
Release ID: 518141
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