Geographically, the global automotive foam market is categorized as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
|Market Size in 2019
|Market Forecast in 2026
|CAGR (in %)
|USD 28.1 Billion
|USD 59.05 Billion
Automotive Foam Market
Global automotive foam market size revenue was worth USD 28.1 Billion in 2019 and will reach USD 59.05 Billion by 2026, increasing at a CAGR of 9.8%.
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 smoothly. 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.
Some main factors driving the global automotive foam market are cost-effectiveness, low density, and weight reduction. The automotive foam also offers low heat transfer and optimal insulator 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 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 are expected to fuel the overall growth of the global automotive foam market.
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.
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.
Some major players dominating the global Automotive Foam market are 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.
|Automotive Foam Market Report
|Market Size in 2022
|USD 62.15 Billion
|Market Forecast in 2030
|USD 92.46 Billion
|CAGR of 4.97%
|Number of Pages
|Key Companies Covered
|Jushi, Fulltech Fiber Glass, Hexcel Corporation, CIT Composite Materials (Toray Industries), Dupont, Kolon, Changzhou PGTEX, Johns Manville, TAIWAN GLASS, Teijin, Hyosung, DSM, Ahlstrom-Munksjö, Shandong Glasstex, Owens Corning Corporation, Weihai Guangwei, Mitsubishi Chemical Holdings Corporation, SGL Group, ALLTE CLOTH CORPORATION, Unifrax, and Sinofibers Technology.
|By Type, By Application, and By Region
|North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
|2017 to 2021
|2023 - 2030
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Automobile Industry is one of the major driving factors for the growth of the market. Furthermore increasing export of automotive products in Asia Pacific region is also considered one of the major driving factors for the growth of the market.
According to Zion Market Research, global demand for Automotive Foam Market is expected to generate revenue of around USD 59,049.1 Million by end of 2026, growing at a CAGR of around 9.8% between 2020 and 2026.
Due to High demand from end-users and rising population in Asia Pacific region, North America region is dominated across the globe. Recent technological innovation is considered as one of the major driving factor across the world.
Some main participants of the Automotive Foam market are 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.