The automotive foam market is estimated to witness a CAGR of 10.50% between 2014 and 2019, and is expected to generate a global market value of $40.83 billion by 2019.

The report on “automotive foam” considers its five commonly used applications: seatings, instrument panels, headliners, door panels & water shields, seal, gaskets & NVH and others. The global automotive foams industry is witnessing high growth because of increasing end-use industry, technological advancements, and growing demand in the Asia-Pacific region. Automotive foams are largely used in all types of vehicles including light commercial vehicles, heavy commercial vehicles and passenger cars. Increasing use of automotive foams in seating industry is expected to drive the market globally.

Seating is one of the largest applications of automotive foams across the world. Growing end-user industries in emerging nations such as China, and India, and energy efficiency are some of the drivers for automotive foam market. Automotive foams such as polyurethane, polyolefin and polystyrene, are expected to show high demand in their respective applications. Polyurethane was one of the majorly consumed automotive foams in 2013.The major advantages of polyurethane include excellent thermal & sound insulation, easy installation, superior fire resistance, and increased light weight characteristics properties. The prime driver for automotive foam consumption comes from the increasing demand in developing countries coupled with growing manufacturer’s preference for automotive foam products in commercial vehicle applications. The commercial vehicle industry including heavy commercial vehicles, and light commercial vehicles, has a wide scope for its expansion, which in turn would help in increasing the consumption for automotive foams in the forecasted period.

This report follows both top-down and bottom-up approaches to estimate and forecast the global automotive foam market size. Competitive scenarios of the top players in the market have been discussed in detail. We have also profiled the leading players of this industry with their recent developments and other strategic industry activities. The key participants in this market are Johnson Controls (U.S.), Woodbridge Foam Corporation (Canada), Lear Corporation (U.S.), Bridgestone Corporation (Tokyo), BASF (Germany), Recticel (Belgium), Vitafoams (U.K.), Armacell (Germany), The Dow Chemical Company (U.S.), Rogers (U.S.), Saint-Gobain (France) and so on.