Market Overview
The Global Automotive Foams Market is expected to grow at a CAGR of 10.50 % during the forecasting period (2021-2028).
What exactly are the properties of automotive foams?
Automotive foams improve vehicle safety, enhance structural strength, and reduce “Need For Reduced Overall Weight of the Vehicle”NVH at this moment increasing the comfort of the passengers.
Download free sample: https://www.datamintelligence.com/download-sample/automotive-foams-market
What are the reasons for the growth of the global automotive foams market?
The dynamics of the automotive foams market is undergoing a significant phase of alteration due to upsurge growth in the automotive industry.
Increase in urbanization and disposable income are the key drivers who contribute to significant growth in global automotive foams market.
Among all the available foams, polyurethane foam is anticipated to occupy the largest share due to an attractive blend of properties.
Polyurethane foam has high chemical resistance, sound mechanical strength along with appreciable NVH properties.
Various environmental regulations enacted by the government and international agencies have always been a challenge for OEMs.
To tackle this, OEMs are actively involved in the usage of foam components in various parts of the vehicle.
This reduces overall weight and increases fuel efficiency thereby decreasing emissions.
What are the factors that can slow down the growth of the global automotive foam market?
Volatility in Raw Material Prices
The cost of foams required for manufacturing automotive components is expensive which in turn is acting as a significant restraint and a challenge for the market.
Ongoing R&D activities for discovering innovative, cost-effective methods of manufacturing foams are anticipated to bring positive results in the near future.
How to segment the global automotive foam market based on geography?
By geography, global automotive foams market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
The Asia Pacific is anticipated to lead the market, among which China and Japan contribute to a significant share of it.
The rise in demand for passenger vehicles in Asia Pacific region will boost the demand for automotive foams market.
Critical players in North America and Europe are looking forward to participating in M&A’s, tie-ups, and partnerships to boost their research and development activities and contribute to product development. This, in turn, will drive the growth of automotive foams market.
Segment Analysis:
– by Material
· Polyurethane
· Polyvinyl Chloride
· Phenolic
· Styrenic
· Polyether
· Polyolefin
· Others
– By Application
· Automotive Interior
· Seating
· Door Panels
· Headliners
· Gasket and Seals
· Others
· Automotive Exterior
· Bumpers
· Hood
· Others
What is the competitive scenario in the global automotive foam market?
Key players in the automotive foams market are focusing on new product development and undergoing various business strategies for sustaining in the competitive market.
Most leading players are focussing on geographical expansion.
To achieve this, they are increasingly involved in acquisitions, tie-ups, and collaborations with various regional players.
Critical leading players operating in the global automotive foams market include The Woodbridge Group, BASF, Saint Gobain, The Dow Company and Rogers Foam Corporation among others.
View Full Report: https://www.datamintelligence.com/research-report/automotive-foams-market
Enquiry Before Buying: https://www.datamintelligence.com/enquiry/automotive-foams-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year, we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at DataM Intelligence
Email: [email protected]
Tel: +1 877 441 4866
Website: www.datamintelligence.com
The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
The global automotive foams market exhibits a highly cutthroat competition mainly due to the presence of innumerable players, observes Transparency Market Research based on a newly published report.
Notable focus is being imparted by the players on implementing key strategies such as improving geographical reach, enhancing product quality, and achieving product differentiation.
Substantial focus is being imparted on bringing about extensive innovations in the context of production techniques used to manufacture the automative foams.Participating in mergers & acquisitions, healthy partnerships, and strategic collaborations, also are prime schemes implemented by major businesses to establish their presence in the global automotive foams market.
With new players entering the market on a regular basis, the competition is expected to intensify further intensify in the forthcoming years.
Request Sample pages of premium Research Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=25673According to market experts, this market had gained revenue worth US$22.53 bn in 2017, and which is further expected to grow up to US$35.38 bn by the end of 2025.
This growth is projected to occur at an impressive CAGR of 9.40% during the forecast period from 2017 to 2022.Mushrooming Automobile Industry Stokes Expansion of the Automotive Foams MarketThe global automotive foams market is gaining extensive growth owing a rise in automobile manufacturing and associated innovations.
