Automotive Foam Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Polyurethane (PU) Foam, Polyolefin (PO) Foam, Others), By Application (Interior and Exterior), By End-Use Industry (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Region and Competition Forecast 2018-2028

Industry : Chemicals
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Summary

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Report Description

Automotive Foam market is anticipated to expand significantly through 2028 due to the growing demand for Electric Vehicles (EVs). In 2021, around 487 thousand commercial vehicles were produced in India.

Foam in the automotive sector is gaining massive momentum since it performs several functions, such as controlling noise, harshness, and vibration. Foams also help the automotive domain protect vehicles from the ruggedness of the environment and roadways. Due to the flexibility and softness of foams that provide passenger comfort, the usage of automotive foam in the seating sector is growing, which is a major factor driving the automotive foam market growth in the forecast year.

Increasing Demand for Electric Vehicles (EVs)
The global move to emissions-free mobility is driven by concerns about global warming and goals to attain net-zero emissions. These EV car transitions benefit the economy by lowering gasoline prices and shifting consumption away from petroleum goods toward more locally manufactured power vehicles. These elements raised the need for automotive foam, giving passengers the best comfort, safety, and security level while driving. In addition, the availability of a wide range of models, upgraded technology, eco-friendliness, lower maintenance cost, and increasing customer awareness, along with the availability of subsidies and tax rebates, are some of the major factors driving the demand for electric vehicles, results to accelerate the growth of the Automotive Foam Market in the upcoming years.

For instance, according to the recent studies, consumers spent USD 250 billion on electric vehicle purchases in 2021, a 65% increase over 2021. Furthermore, Global sales of electric cars have kept rising strongly in 2022, with 2 million sold in the first quarter, up 75% from the same period in 2021.

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Rising focus on Bio-Based Materials to be a Key Trend
Products made from bio-based materials can help the economy become more sustainable and rely less on fossil fuels. Additionally, using biobased products helps safeguard the environment and lower greenhouse gas emissions, stimulating the rural economy. These bio-based materials, which provide novel, eco-friendly, and lightweight vehicle materials, are made from organic carbon sources like sugarcane, biomass, and potato corn. Major players in the automobile foam industry are concentrating on offering technologically cutting-edge bio-based products to improve their market position.

For instance, in March 2019, the German foam manufacturer Trocellen created a bio-based cross-linked polyethylene foam that was certified by an accredited external laboratory. The biomass from sugarcane was used to create this novel product. Therefore, the rising use of bio-based materials has emerged as a key trend gaining popularity in the automotive foam market.

Polyurethane Foams Will Continue to Be a Key Type
Demand for Polyurethane foam is anticipated to be impacted by the growing use of foam-based components for automotive parts and vehicle interiors. It is one of the most necessary materials used in manufacturing automobiles because of its superior mechanical strength capabilities, capacity to reduce weight, resistance to wear, and resistance to the elements. Numerous car pieces, such as seats, armrests and headrests, door panels, bumpers, and other sections, employ Polyurethane foam. Polyurethane foams increase fuel economy by lowering the vehicle's total weight. All these factors are anticipated to boost the market.

In 2021, Momentive Performance Materials Inc. introduced the latest generation of Nix polyurethane additives for a range of PU applications. While retaining the performance of manufacturers' processes and end products, these new products offer reduced emission attributes.

Recent Developments

In May 2022, a water-blown polyurethane insulation spray foam known as Elastoflex CE 3651/108 was created by King Long United Automotive (SuZhou) Co., Ltd., a major bus manufacturer in China, in partnership with BASF SE.
For usage in car interior components, Huntsman has introduced a new line of low-emission MDI-based foam solutions in October 2021.
Evonik Industries, in November 2019, announced the development of its Rohacell (polymethacrylimide) foam production facility at its Albama plant in the United States.
In March 2019, Belineco LLC, a producer of polyurethane foam systems in the CIS-Region, has been acquired by Sika AG, a specialty chemical manufacturer located in Switzerland.

Market Segmentation
Global Automotive Foam Market is segmented based on type, application, end-use industry, and region. Based on the type, the market is categorized into polyurethane (PU) foam, polyolefin (PO) foam, and others. Based on the application, the market is segmented into interior and exterior. Based on the end-use industry, the market is fragmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. Based on region, the market is divided into North America, Europe, Asia Pacific, South America, Middle East & Africa, By Company.

Market Players
Lear Corporation, Armacell LLC, Premratan Concast Pvt Ltd., Saint-Gobain S.A., Rogers Corporation., Adient plc., BASF SE, Woodbridge Foam Corporation, Recticel SA, Meenakshi Polymers Pvt. Ltd. are some of the key players of the Global Automotive Foam Market.

Attribute	Details
Base Year	2022
Historic Data	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028
Report coverage	Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
Segments covered	Type Application End-Use Industry
Regional scope	North America, Europe, Asia Pacific, South America, Middle East & Africa
Country scope	United States, Mexico, Canada, France, Germany, United Kingdom, Spain, Italy, China, India, South Korea, Japan, Australia, Brazil, Argentina, South Africa, Saudi Arabia, UAE
Key companies profiled	Lear Corporation, Armacell LLC, Premratan Concast Pvt Ltd., Saint-Gobain S.A., Rogers Corporation., Adient plc., BASF SE, Woodbridge Foam Corporation, Recticel SA, Meenakshi Polymers Pvt. Ltd.
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Report Scope:

In this report, global automotive foam market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

Automotive Foam Market, By Type:

Polyurethane (PU) Foam
Polyolefin (PO) Foam
Others

Automotive Foam Market, By Application:

Interior
Exterior

Automotive Foam Market, By End-Use Industry:

Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles

Automotive Foam Market, By Region:

North America

United States
Mexico
Canada

Europe

France
Germany
United Kingdom
Spain
Italy

Asia-Pacific

China
India
South Korea
Japan
Australia

South America

Brazil
Argentina

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive landscape

Company Profiles: Detailed analysis of the major companies present in global automotive foam market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Automotive Foam Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Automotive Foam Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Type (Polyurethane (PU) Foam, Polyolefin (PO) Foam, Others)

5.2.2. By Application (Interior and Exterior)

5.2.2.1. By Interior (Seating, Instrument Panels, Headliners, Door Panels & Water Shields, Others)

5.2.2.2. By Exterior (Bumper System, Others)

5.2.3. By End-Use Industry (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles)

5.2.4. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

5.2.5. By Company (2022)

5.3. Market Map

5.3.1. By Type

5.3.2. By Application

5.3.3. By End Use Industry

5.3.4. By Region

6. North America Automotive Foam Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Type (Polyurethane (PU) Foam, Polyolefin (PO) Foam, Others)

6.2.2. By Application (Interior and Exterior)

6.2.2.1. By Interior (Seating, Instrument Panels, Headliners, Door Panels & Water Shields, Others)

6.2.2.2. By Exterior (Bumper System, Others)

6.2.3. By End-Use Industry (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles)

6.2.4. By Country

6.3. Pricing Analysis

6.4. North America: Country Analysis

6.4.1. United States Automotive Foam Market Outlook

6.4.1.1. Market Size & Forecast

6.4.1.1.1. By Value & Volume

6.4.1.2. Market Share & Forecast

6.4.1.2.1. By Type

6.4.1.2.2. By Application

6.4.1.2.3. By End Use Industry

6.4.2. Mexico Automotive Foam Market Outlook

6.4.2.1. Market Size & Forecast

6.4.2.1.1. By Value & Volume

6.4.2.2. Market Share & Forecast

6.4.2.2.1. By Type

6.4.2.2.2. By Application

6.4.2.2.3. By End Use Industry

6.4.3. Canada Automotive Foam Market Outlook

6.4.3.1. Market Size & Forecast

6.4.3.1.1. By Value & Volume

6.4.3.2. Market Share & Forecast

6.4.3.2.1. By Type

6.4.3.2.2. By Application

6.4.3.2.3. By End Use Industry

7. Europe Automotive Foam Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Type (Polyurethane (PU) Foam, Polyolefin (PO) Foam, Others)

7.2.2. By Application (Interior and Exterior)

7.2.2.1. By Interior (Seating, Instrument Panels, Headliners, Door Panels & Water Shields, Others)

7.2.2.2. By Exterior (Bumper System, Others)

7.2.3. By End-Use Industry (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles)

7.2.4. By Country

7.3. Pricing Analysis

7.4. Europe: Country Analysis

7.4.1. France Automotive Foam Market Outlook

7.4.1.1. Market Size & Forecast

7.4.1.1.1. By Value & Volume

7.4.1.2. Market Share & Forecast

7.4.1.2.1. By Type

7.4.1.2.2. By Application

7.4.1.2.3. By End Use Industry

7.4.2. Germany Automotive Foam Market Outlook

7.4.2.1. Market Size & Forecast

7.4.2.1.1. By Value & Volume

7.4.2.2. Market Share & Forecast

7.4.2.2.1. By Type

7.4.2.2.2. By Application

7.4.2.2.3. By End Use Industry

7.4.3. United Kingdom Automotive Foam Market Outlook

7.4.3.1. Market Size & Forecast

7.4.3.1.1. By Value & Volume

7.4.3.2. Market Share & Forecast

7.4.3.2.1. By Type

7.4.3.2.2. By Application

7.4.3.2.3. By End Use Industry

7.4.4. Spain Automotive Foam Market Outlook

7.4.4.1. Market Size & Forecast

7.4.4.1.1. By Value & Volume

7.4.4.2. Market Share & Forecast

7.4.4.2.1. By Type

7.4.4.2.2. By Application

7.4.4.2.3. By End Use Industry

7.4.5. Italy Automotive Foam Market Outlook

7.4.5.1. Market Size & Forecast

7.4.5.1.1. By Value & Volume

7.4.5.2. Market Share & Forecast

7.4.5.2.1. By Type

7.4.5.2.2. By Application

7.4.5.2.3. By End Use Industry

8. Asia-Pacific Automotive Foam Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Type (Polyurethane (PU) Foam, Polyolefin (PO) Foam, Others)

8.2.2. By Application (Interior and Exterior)

8.2.2.1. By Interior (Seating, Instrument Panels, Headliners, Door Panels & Water Shields, Others)

8.2.2.2. By Exterior (Bumper System, Others)

8.2.3. By End-Use Industry (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles)

8.2.4. By Country

8.3. Pricing Analysis

8.4. Asia-Pacific: Country Analysis

8.4.1. China Automotive Foam Market Outlook

8.4.1.1. Market Size & Forecast

8.4.1.1.1. By Value & Volume

8.4.1.2. Market Share & Forecast

8.4.1.2.1. By Type

8.4.1.2.2. By Application

8.4.1.2.3. By End Use Industry

8.4.2. India Automotive Foam Market Outlook

8.4.2.1. Market Size & Forecast

8.4.2.1.1. By Value & Volume

8.4.2.2. Market Share & Forecast

8.4.2.2.1. By Type

8.4.2.2.2. By Application

8.4.2.2.3. By End Use Industry

8.4.3. South Korea Automotive Foam Market Outlook

8.4.3.1. Market Size & Forecast

8.4.3.1.1. By Value & Volume

8.4.3.2. Market Share & Forecast

8.4.3.2.1. By Type

8.4.3.2.2. By Application

8.4.3.2.3. By End Use Industry

8.4.4. Japan Automotive Foam Market Outlook

8.4.4.1. Market Size & Forecast

8.4.4.1.1. By Value & Volume

8.4.4.2. Market Share & Forecast

8.4.4.2.1. By Type

8.4.4.2.2. By Application

8.4.4.2.3. By End Use Industry

8.4.5. Australia Automotive Foam Market Outlook

8.4.5.1. Market Size & Forecast

8.4.5.1.1. By Value & Volume

8.4.5.2. Market Share & Forecast

8.4.5.2.1. By Type

8.4.5.2.2. By Application

8.4.5.2.3. By End Use Industry

9. South America Automotive Foam Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Type (Polyurethane (PU) Foam, Polyolefin (PO) Foam, Others)

9.2.2. By Application (Interior and Exterior)

9.2.2.1. By Interior (Seating, Instrument Panels, Headliners, Door Panels & Water Shields, Others)

9.2.2.2. By Exterior (Bumper System, Others)

9.2.3. By End-Use Industry (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles)

9.2.4. By Country

9.3. Pricing Analysis

9.4. South America: Country Analysis

9.4.1. Brazil Automotive Foam Market Outlook

9.4.1.1. Market Size & Forecast

9.4.1.1.1. By Value & Volume

9.4.1.2. Market Share & Forecast

9.4.1.2.1. By Type

9.4.1.2.2. By Application

9.4.1.2.3. By End Use Industry

9.4.2. Argentina Automotive Foam Market Outlook

9.4.2.1. Market Size & Forecast

9.4.2.1.1. By Value & Volume

9.4.2.2. Market Share & Forecast

9.4.2.2.1. By Type

9.4.2.2.2. By Application

9.4.2.2.3. By End Use Industry

9.4.3. Colombia Automotive Foam Market Outlook

9.4.3.1. Market Size & Forecast

9.4.3.1.1. By Value & Volume

9.4.3.2. Market Share & Forecast

9.4.3.2.1. By Type

9.4.3.2.2. By Application

9.4.3.2.3. By End Use Industry

10. Middle East and Africa Automotive Foam Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

10.2. Market Share & Forecast

10.2.1. By Type (Polyurethane (PU) Foam, Polyolefin (PO) Foam, Others)

10.2.2. By Application (Interior and Exterior)

10.2.2.1. By Interior (Seating, Instrument Panels, Headliners, Door Panels & Water Shields, Others)

10.2.2.2. By Exterior (Bumper System, Others)

10.2.3. By End-Use Industry (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles)

10.2.4. By Country

10.3. Pricing Analysis

10.4. MEA: Country Analysis

10.4.1. South Africa Automotive Foam Market Outlook

10.4.1.1. Market Size & Forecast

10.4.1.1.1. By Value & Volume

10.4.1.2. Market Share & Forecast

10.4.1.2.1. By Type

10.4.1.2.2. By Application

10.4.1.2.3. By End Use Industry

10.4.2. Saudi Arabia Automotive Foam Market Outlook

10.4.2.1. Market Size & Forecast

10.4.2.1.1. By Value & Volume

10.4.2.2. Market Share & Forecast

10.4.2.2.1. By Type

10.4.2.2.2. By Application

10.4.2.2.3. By End Use Industry

10.4.3. UAE Automotive Foam Market Outlook

10.4.3.1. Market Size & Forecast

10.4.3.1.1. By Value & Volume

10.4.3.2. Market Share & Forecast

10.4.3.2.1. By Type

10.4.3.2.2. By Application

10.4.3.2.3. By End Use Industry

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Product Launches

12.2. Merger’s & Acquisitions

12.3. Technological Advancements

13. Global Automotive Foam Market: SWOT Analysis

14. Porter’s Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Types

15. Competitive Landscape

15.1. Business Overview

15.2. Type Offerings

15.3. Recent Developments

15.4. Financials (As Reported)

15.5. Key Personnel

15.6. SWOT Analysis

15.6.1. Lear Corporation

15.6.2. Armacell LLC

15.6.3. Premratan Concast Pvt Ltd.

15.6.4. Saint-Gobain S.A.

15.6.5. Rogers Corporation.

15.6.6. Adient plc.

15.6.7. BASF SE

15.6.8. Woodbridge Foam Corporation

15.6.9. Recticel SA

15.6.10. Meenakshi Polymers Pvt. Ltd.

16. Strategic Recommendations

Figures and Tables

Frequently asked questions

What are the key factors driving Global Automotive Foam Market?

Growing emphasis among automakers on creating supportive seats, reducing vibration, and ensuring passenger and vehicle safety are the key factors driving Global Automotive Foam Market.

Who are the top players operating in Global Automotive Foam Market?

Lear Corporation, Armacell LLC, Premratan Concast Pvt Ltd., Saint-Gobain S.A., Rogers Corporation., Adient plc., BASF SE, Woodbridge Foam Corporation, Recticel SA, Meenakshi Polymers Pvt. Ltd. are some of the key players of the Global Automotive Foam Market.

Which region is expected to account for the largest Global Automotive Foam Market share?

Asia Pacific is expected to hold the largest market share over the next five years due to the expansion of manufacturing and production of electric vehicles & commercial vehicles.

Which type is expected to remain dominant in the Automotive Foam Market in the upcoming years?

The Polyurethane (PU) Foam type segment is expected to remain dominant in the Automotive Foams market in the coming years.

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