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.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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

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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.

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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.

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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.

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

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Sakshi Bajaal

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