Global Automotive Foam Market
Automotive Foam Market Size And Forecast
According to Verified Market Research, the Global Automotive Foam Market was valued at USD 36.2 Billion in 2018 and is projected to reach USD 77.8 Billion by 2026, growing at a CAGR of 9.98% from 2019 to 2026.
Global Automotive Foam Market Outlook
The increasing demand for foam in developing countries coupled with the growing inclination of OEM for foam products in commercial vehicle applications is likely to boost the demand for the market. The growing use of automotive foams in the seating industry owing to the flexibility and softness of foams that provide comfort to the passenger is a major factor fueling the growth of the market. The weight reduction features and cost-effectiveness of automotive foam are is anticipated to boosts demand. However, the harmful effects of blowing agents on the environment coupled with stringent government regulations is a major factor that is hindering the growth of the market.
Global Automotive Foam Market Competitive Landscape
The Global Automotive Foam Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Johnson Controls, Woodbridge Foam Corporation, Lear Corporation, Bridgestone Corporation, BASF, Recticel, Vitafoams, Armacell, The Dow Chemical Company, and Rogers Corporation.
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