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Automotive Foam Market : What are the main applications and challenges?

Author : Rahul Varpe | Published Date : 2019-03-21 

North America led by the U.S. is anticipated to drive the automotive foam market by 2024 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.

To access the table of contents or view the Automotive Foam Market report in detail, please click the link below: www.gminsights.com/request-toc/upcoming/2534

Vehicles have become a necessity in every household which has developed a high demand for automobile industry across the globe. The lifestyle in today’s era has altered considerably which has propelled the automotive industry. Vehicles are also considered as status symbol in the society which has ramped up the growth of automobile industry, which in turn has led to the automotive foam market growth.in future.

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 2024.

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.


 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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