Global Automotive Foams Market 2021 (Includes Business Impact of COVID-19)

  • TBI427145
  • September 16, 2021
  • Global
  • 149 pages
  • Market.US
                                              

Report updated on 11th September, 2021: Global Automotive Foams Market 2021 (Includes Business Impact of COVID-19)

Global Automotive Foams Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global automotive foams market report has been segmented on the basis of product, application, and region. Request Covid - 19 Impact The global Automotive Foams market size was valued at USD $31.64 billion in 2020 and is projected to reach $80.58 billion by 2030 is anticipated to expand at a CAGR of 9.8% over the forecast period from 2020 to 2030.

Global Automotive Foams Market: Introduction

Automotive foams are polymer foams manufactured by combining two phases such as gas and solid together to form foam. The foam incorporated with air bubbles are known as open cell structure or closed cell structure. Closed cell foams are rigid and open cell foams are flexible in nature.

Global Automotive Foams Market: Dynamics

Rising demand for lightweight materials in the automotive industry to decrease the overall weight and improve the efficiency of the vehicle is expected to augment growth of the target market. Growing demand for automobiles with high fuel efficiency in developing counties is projected to drive the growth of the potential market. Moreover, growing automotive aftermarket for replacement customizations of auto-parts is estimated to support growth of the global market.

Global Automotive Foams Market: Product Analysis

Among product segments, the polyurethane foam segment is expected to dominate the global market. Increasing need for polyurethane foam in automotive components such as armrest, headrest, seat, door panels, bumper, and other components is anticipated to support growth of the segment. Polyurethane foam reduces the overall weight of the vehicle and provides better fuel efficiency.

Global Automotive Foams Market: Application Analysis

Among application segments, the seating segment is projected to grow at a moderate growth rate in the target market in the next few years. Rising production of automobiles in developing and developed counties is a major factor projected to drive the growth of the segment. Foam in car seats provides support to back and tailbone. As a result, travelers can sit for longer hours for conditions requiring long travel time. The door panels segment is estimated to grow at a higher growth rate over next few years.

Global Automotive Foams Market: Regional Insights

Asia Pacific automotive foams market is anticipated to contribute major share in terms of revenue in the global market. Rising demand for automobiles in the region owing to rapid urbanization and increasing purchase power of individuals is a major factor projected to drive the growth of the Asia Pacific automotive market. Moreover, favorable government policies to increase the vehicle efficiency is another factor estimated to support growth of Asia Pacific automotive foams market in the next 10 years. Asia Pacific is estimated to contribute a major share in terms of revenue in the global automotive foams market, followed by North America and Europe markets. The automotive foams market in North America is projected to register at a moderate growth. Rising demand for commercial vehicles in the region is expected to augment revenue growth of North America automotive foams market. The US market is expected to contribute a major revenue share in the North America automotive foams market followed by Canada. Moreover, the presence of major automobile manufacturers in the region is another factor projected to support revenue growth of automotive foams market in North America.

Below are the active patents related to Automotive Foams Market.

Patent Number: US8770666B2 Molded urethane foam pad for vehicle seats, vehicle seat, and processes for the production thereof Abstract An object of the invention is to provide molded urethane foam pads and vehicle seats that can contribute to the reduction of environmental load and have appropriate impact resilience and hardness and excellent durability with good balance, and also have high comfort. A molded urethane foam pad for vehicle seats including a polyurethane is obtainable by foaming and curing materials including a plant-derived polyol (A), a non-plant-derived polyol (B), water, a catalyst, a foam stabilizer and a polyisocyanate, and has a core density of 55 to 65 kg/m3 as measured in accordance with JIS K6400; the plant-derived polyol (A) is a polyol which is obtained by condensing a polyhydric alcohol of 6 hydroxyl groups with a plant-derived, C15 or higher hydroxycarboxylic acid and which has a hydroxyl value of 45 to 55 mg KOH/g; the non-plant-derived polyol (B) is a polyol having a hydroxyl value of 18 to 26 mg KOH/g, and/or a polymer-dispersed polyol in which fine particles of a polymer of a compound having an unsaturated bond are dispersed in the polyol; and the polyurethane contains a plant-derived molecular structure and the content of the plant-derived molecular structure is 15 to 20 wt % based on 100 wt % of the molded urethane foam pad. Application filed Date: 2009-09-17 Application granted Date: 2014-07-08 Current Assignee: Toyota Boshoku Corp Toyota Motor Corp Mitsui Chemicals and SKC Polyurethanes Inc Japan Patent Number: US20140275305A1 Polyurethanes, polyurethane foams and methods for their manufacture Abstract Polyurethane foams are described, as well as the production of such polyurethane foams by the reaction between a natural polyol, such as sucrose or a blend of mono- or disaccharides in place of the standard hydrocarbon-based polyol component, an ionic liquid or a deep eutectic solvent, a polyisocyanate and water in the presence of a suitable polyurethane forming catalyst and optionally a flame retardant, and optionally one or more components such as surfactants and/or emulsifiers. The resultant polyurethane foam can exhibit a bio-based solid content ranging from about 17% to 30%, may be formulated in a variety of foam densities for a variety of applications, and in the instance where a flame retardant has been added in an appropriate amount, exhibits a high degree of fire and burn resistance, as exhibited by the flame spread index and/or the smoke spread values. Application filed Date: 2014-03-17 Application granted Date: 2019-06-18 Current Assignee: Ses Foam LLC Imperial Sugar Co.  

Global Automotive Foams Market Segmentation:

Segmentation by Product:
  • Polyurethane Foam
  • Polyolefin Foam
  • Others
Segmentation by Application:
  • Seating
  • Door Panels
  • Bumper System
  • Other (Instrument Panel, Headliners, Seals, Gaskets, etc.,)

Key Market Players included in the report:

  • Armacell
  • BASF
  • Bridgestone Corporation
  • Business Strategy
  • Company Overview
  • Financial Performance
  • Johnson Controls
  • Key Performance Indicators
  • Key Product Offerings
  • Lear Corporation
  • Recent Development
  • Recticel
  • Regional Presence
  • Risk Analysis
  • Rogers
  • Saint-Gobain
  • The Dow Chemical Company
  • Vitafoams
  • Woodbridge Foam Corporation

Below are the key development related to Automotive Foams Market in 2020 and 2021.

July 2021: THE VITA GROUP ANNOUNCES ACQUISITION OF TECHNICAL FOAM SERVICES. The Vita Group, a European flexible foam solutions provider, has announced the acquisition of Technical Foam Services (TFS), a UK foam conversion business based in Corby. TFS will bring enhanced technical foam conversion capacity and capability to The Vita Group, as well as bringing an even greater level of service and access to product and conversion expertise for customers. With over 50 people employed at its site in Corby, Northants, TFS has been providing a range of bespoke, high-quality foams to several market sectors, including the automotive, medical, audio and retail industries, for more than 20 years. Source December 2020: Wynnchurch Capital Acquires Huntington Foam. Wynnchurch Capital, L.P. (“Wynnchurch”) announced that it has acquired Huntington Foam, LLC (“Huntington” or the “Company”). Huntington is a leading manufacturer of highly engineered, shape molded, expanded polystyrene (“EPS”), high and low-density expanded polypropylene (“EPP”), and ARCEL (a polyethylene and EPS copolymer) products. The Company sells its products to the appliance, cold chain, automotive and building products end markets from its seven manufacturing facilities in the U.S. and Mexico. Huntington will unite under one platform with Drew Foam Companies, Inc. (“Drew”), a Wynnchurch portfolio company. Source  

Table of Contents
Chapter 1. Methodology and Scope                  1.1. Research Methodology                  1.2. Research Scope & Assumptions                  1.3. List of Data SourcesChapter 2. Executive SummaryChapter 3. Global Automotive Foams Market Outlook                  3.1. Market Segmentation                  3.2. Market Size and Growth Prospects, 2016 - 2027                  3.3. Value Chain Analysis                  3.4. Market Dynamics                      3.4.1. Market driver analysis                      3.4.2. Market restraint analysis        
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