11 February 2020
As one of today’s leading automotive market research firms, the team from Visiongain has made it a commitment to keep their finger on the pulse of the automotive industry. In the coming years, one of the most rapidly expanding sectors is going to be the automotive foam market.
We’ve collected some of the most exciting global trends and market insight for you below so you can compete in the automotive foam market.
Uses of Automotive Foams
With the ever-increasing demand for more rugged and functional vehicles, the automotive foam market is seeing significant growth in many applications. Research shows that this is due in large part to its use in reducing areas of wind noise, as well as vibrations from the roadway. Automotive foam is also used to help prevent roadway chemicals and water from entering more vulnerable areas of the vehicle, such as doors, and damaging important metal components.
Asia-Pacific Region Driving Up Sales
One of the most notable trends in the automotive foam market is taking place in the Asia-Pacific region, with the area quickly becoming one of the fastest-growing global markets. This is due to several reasons, the first being that the call for increased passenger and commercial vehicle production has made foam production a hot commodity in the area. Additionally, due to existing government policies between Europe and the Asian-Pacific region and a demand-supply gap, stakeholders in the region have more opportunities for expansion. Other positive factors include the wealth of manpower in the region, as well as a favorable government outlook.
Major Applications for Automotive Foam
As far as some of the major applications on the foam market go, automotive foam market research shows that seating is the largest growing sector, accounting for nearly half of the market share. Other highly-lucrative applications include instrument and door panels, seals and gaskets, bumper systems, headliners, and water shields.
Contact us for in-depth automotive foam market research!
Our Automotive Foams Market Report 2019-2029 provides stakeholders with a global forecast of this more than $27.4 billion-dollar-a-year industry, including detailed information about market segmentation, key companies, product breakdowns, and frequently asked questions. It’s also broken down by region, industry participant, and company type to make it easier to find the exact information you need.
For more than 20 years, companies and industry experts around the world have been relying on the team from Visiongain to provide the facts they need to make key decisions in the future. With more than 1,500 reports available from over 18 market verticals, we’ve become a global market research leader.
To learn more about what we do, contact us online today or call +44 (0) 20 7549 9987.
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