Automotive foam market is growing at a significant CAGR during the forecast period (2019-2025). Automotive foams are lightweight material which are easier to transport and helps in reducing transportation cost. There is an increasing demand for lightweight automotive foam from automobile manufacturing companies due to its advantageous properties such as low density and durability. Further, the manufacturer’s inclination towards automotive foams in commercial vehicles have increased which has contributed to the growth of the market.

The key factor propelling the growth of automotive foams market is that the foam is optimal insulators with low heat transfer properties which makes it suitable for automotive application. Moreover, growing consumer preference towards polymer foams tends to drive the market share of automotive foams. Rising disposable income among the middle-class consumers has propelled the automotive industry which in turn has led to an increased demand for automotive foams.

Stringent government regulations towards the negative impact of chlorofluorocarbon (CFCs) used in the manufacturing of polymer foams may hamper the market growth of automotive foams. Another challenge that automotive foams possess is the waste disposable, as the polymer foams are non-degradable which may affect the environment. Also, increasing petroleum product prices may hamper the demand of automotive foams industry. Advanced technological innovations to develop more sustainable biodegradable foams may foster the need to solve environmental concerns.  

The automotive foams market is segmented on the basis of material type, application, and end-use. Based on material type, automotive foam market is segmented into polyurethane, polyolefin, and PVC. Polyurethane is expected to have the highest market share owing to its excellent mechanical strength properties, weight reduction capabilities, resistance to wear and tear enable it to increase penetration in the automotive industry. Based on application, the market is segmented into seating, door panels, bumper system, and others. Seating segment is expected to show significant growth over the forecast period as the seat are commonly made of polyurethane material which provides features such as ease of installation, reduced weight, thermal resistance and offers low cost to the manufacturers.

Based on end-user, the market is segmented into commercial vehicles, two-wheelers, and passenger cars. Passenger car segment is expected to have the highest market size owing to shifting trends towards better driving comfort and improved performance and growing disposable income in emerging economies leading to the increased sales of passenger cars. Geographically, the market is further segmented on the basis of four major regions that include North America, Europe, Asia-Pacific and Rest of the world (RoW). Asia-Pacific region is expected to register highest CAGR over the forecast period due to growing automobile industries in the region and government initiatives towards more sustainable products such as aluminum foam may boost the market share of automotive foams.

Some of the major players in the field of automobile foams include Johnson Controls, Inc., The Dow chemicals, Co., Rogers Corp., Bridgestone Corp., Faurecia SA, The Vita Group, Armacell International S.A., BASF SE, and UFP Technologies, Inc. These companies are adopting several strategies, such as merger and acquisitions, product launches, geographical expansion and collaboration, and partnership to expand market share across the globe. For instance, in January 2016, Armacell, flexible insulation foams manufacturers and provider of engineered foams, expanded its footprints in the international market by launching its production facility in Russia. The expansion will enhance its range of products including high-density materials.

Research Methodology

The market study of the automotive foams market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for government and private companies for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation:

• Automotive Foams Market Research and Analysis by Material Type
• Automotive Foams Market Research and Analysis by Applications
• Automotive Foams Market Research and Analysis by End-User

The Report Covers:

• Comprehensive research methodology of the automotive foams market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the automotive foams market.
• Insights about market determinants which are stimulating the automotive foams market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.