Automotive Foam Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Automotive Foam Market is segmented by Type (Polyurethane Foams (PUFs), Polystyrene (PS), Polyethylene (PE), Polypropylene (PP), Poly Vinyl Chloride (PVC), Polycarbonate (PC), and Other Types), Application (Interior and Exterior) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Automotive Foam Market Snapshot

Automotive Foam Market Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >5 %

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Market Overview

The global market for Automotive Foam is expected to grow at a CAGR of above 5 % during the forecast period of 2020 – 2025.

  • Rapidly growing applications in vibration and impact absorptions coupled with cushioning properties are some of the major factors driving the market growth.
  • The outbreak of COVID-19 is expected to restrain the growth of the market studied.

Scope of the Report

The Automotive Foam Market report includes:

Type
Polyurethane Foams(PUFs)
Flexible Polyurethane Foam
Rigid Polyurethane Foam
Polystyrene (PS)
Polyethylene (PE)
Polypropylene (PP)
Poly(vinyl chloride) (PVC)
Polycarbonate (PC)
Other Types
Application
Interior
Exterior
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Increasing Demand for Polyurethane Foams

  • The application of polyurethanes and polyols offers various benefits. Some of the advantages are insulation properties, cushioning purposes, airbag covers, window encapsulation, acoustical properties.
  • Major automotive companies have started updating their products by installing foams for the impact absorbance for the consumer's safety and reduction of fatigue and stress.
  • Owing to multiple advantages such as flexibility and cost-effectiveness, polyurethane foams are estimated to have significant growth during the forecast period as currently, the majority of the consumers are inclined towards comfortable driving.
  • Flexible polyurethane foams are also used to enhance thermal insulation in engines to increase fuel efficiency in automobiles.
Automotive Foam Market Volume Share

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region dominates the global market for automotive foams owing to the growing polyurethane consumption in countries such as China, India and ASEAN Countries.
  • As China leads in the sales and production of automobiles globally in recent times, the consumption and demand for automotive foams are also more in the region. The slowdown in manufacturing activities due to lockdown in many countries in the region due to the COVID-19 outbreak is projected to have an impact on the consumption of automotive foams in the near future.
  • However, with the growing demand for applications such as safety, noise reduction, and durability, the demand for automotive foams is ultimately expected to increase over the forecast period.
  • Growing demand for polyols and developments in automobile manufacturing industries is projected to provide growth opportunities for automotive in both electric and combustion engine automobiles.
Automotive Foam Market Regional Trends

Competitive Landscape

The global automotive foam market is partially consolidated, with top players accounting for a considerable share in the market. Some of the major companies include The Dow Chemical Company, Bridgestone Corporation, Huntsman Corporation, BASF SE and Covestro, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Need for Weight Reduction

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Impact of COVID-19

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Polyurethane Foams(PUFs)

        1. 5.1.1.1 Flexible Polyurethane Foam

        2. 5.1.1.2 Rigid Polyurethane Foam

      2. 5.1.2 Polystyrene (PS)

      3. 5.1.3 Polyethylene (PE)

      4. 5.1.4 Polypropylene (PP)

      5. 5.1.5 Poly(vinyl chloride) (PVC)

      6. 5.1.6 Polycarbonate (PC)

      7. 5.1.7 Other Types

    2. 5.2 Application

      1. 5.2.1 Interior

      2. 5.2.2 Exterior

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 The Dow Chemical Company

      2. 6.4.2 Bridgestone Corporation

      3. 6.4.3 Recticel

      4. 6.4.4 Huntsman Corporation

      5. 6.4.5 Saint-Gobain

      6. 6.4.6 Woodbridge Foam Corporation

      7. 6.4.7 BASF SE

      8. 6.4.8 Covestro

      9. 6.4.9 Rogers Corporation

      10. 6.4.10 Vitafoams

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Demand for Crude Glycerol to Produce PUFs

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Automotive Foam Market market is studied from 2016 - 2026.

The Automotive Foam Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

The DOW Chemical Company, Bridgestone Corporation, Huntsman Corporation, BASF SE, Covestro are the major companies operating in Automotive Foam Market.

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