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Automotive Foams Market by Types and by Applications - Global Trends & Forecasts to 2019

  • March 2015
  • -
  • MarketsandMarkets
  • -
  • 147 pages

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Automotive foams have found wide acceptance in various industries including passenger cars, heavy commercial vehicles, and light commercial vehicles because of their superior light weight nature, acoustic and environmental resistance characteristics. On the basis of application areas, the market of automotive foams can be broadly segmented into seatings, instrument panels, headliners, door panels & water shields, seals, gaskets & NVH, bumper system and others. Though seating is the major application of automotive foams, instrument panel application is an emerging market, which is driving the demand for the automotive foams at a high pace.

The Asia-Pacific region is the biggest market of automotive foams, accounting for 37.88% of the total global automotive foams material consumption by value in 2013. There is a lot of scope in the Asia-Pacific market due to increasing manufacturing base in the region. Building & construction, and transportation industry of Asia-Pacific is increasing at a sharp pace, increasing the demand for automotive foams in the regions. Large passenger car production coupled with high growth of heavy commercial vehicles, and increasing demand of automotive foams in other potential applications make Asia-Pacific an attractive venue for expansion.

Currently, the penetration of automotive foams is largest in seating applications & is increasing in instrument panel applications. The key drivers for increasing demand of automotive foams are lightweight nature and durability, growth in end-user segment, and environmental sustainability needs and energy savings. Rising demand from developing nations is further pushing the market of automotive foams in different potential automotive applications. Merger & acquisitions, technological developments & innovations and expansion are identified as key strategies to expand the automotive foams market.

This study on automotive foams market estimates its global demand and market value for 2013 and projects the expected demand and market value of the same by 2019. As a part of the quantitative analysis, the study segments the global market by types and applications at country level with current market estimation and forecast till 2019. The countries covered in the report are the U.S., Canada, Mexico, Germany, Italy, France, U.K., Japan, China, India, South Korea and Brazil. The segmentation by type includes polyurethane, polyolefin and others; while on the basis of its application, the segmentation includes seating, instrument panels, headliners, door panels & water shields, seals, gaskets & NVH, bumper system and others, also on the basis of end-user industry, the segmentation includes passenger cars, Heavy Commercial Vehicles (HCV), and Light Commercial Vehicles (LCV).

As a part of qualitative analysis, the research provides report with a comprehensive review of key market drivers, restraints, opportunities, winning imperatives, and key issues in the market.

It also includes company profiling and competitive strategies adopted by various market players including Johnson Controls (U.S.), Woodbridge Foam Corporation (Canada), Lear Corporation (U.S.), Bridgestone Corporation (Tokyo), BASF (Germany), Recticel (Belgium), Vitafoams (U.K.), Armacell (Germany), The Dow Chemical Company (U.S.), Rogers (U.S.), and Saint-Gobain (France).

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