BIS Research Study Highlights the Polyurethane-Based Foams in Automotive Market to Reach $19.8 billion by 2031
FREMONT, Calif., March 11, 2022 /PRNewswire/ -- The global polyurethane-based foams in automotive market is projected to reach $19.8 billion in terms of revenue by 2031 at a CAGR of 5.77%, reveals the premium market intelligence study by BIS Research.
Polyurethane-based foams have been developing significantly since the 1950s, and much can be attributed to the technological advancements in this field. Polyurethane foams can help to develop new features of vehicle design and comfort.
Nowadays, demand for sustainable products is rapidly increasing. At the same time, the car industry is always on the lookout for new materials to use in their future models' components.
With the number of electric vehicles expected to rise in the upcoming years, lightweight materials such as polyurethane foams will become increasingly vital.
The detailed study is a compilation of 166 Market Data Tables and 22 Figures spread through 188 Pages and in-depth TOC on "Global Polyurethane-Based Foams in Automotive Market– Analysis and Forecast, 2021-2031"
USP of the Report
This extensive report can help with:
- A dedicated section focusing on the futuristic trends adopted by the key players operating in the global polyurethane-based foams in automotive market
- Extensive competitive benchmarking of top 15 players (including producers and component providers) offering a holistic view of the global polyurethane-based foams landscape
- Qualitative and quantitative analysis of polyurethane-based foams in automotive industry at country level granularity based on region, application, end-user, and type segments
Analyst's Take on the Market:
According to Shivam Priyadarshi, Principal Analyst, BIS Research, "The global polyurethane-based foams are an important part of sustainable transportation development in automotive market. An important aspect of sustainable development applied to transportation is to optimize the use of resources and materials. Polyurethane-based foam contributes by being used at low densities in many applications, as it is a durable material, resulting in increasing demand in upcoming years."
View the report from BIS Research on Global Polyurethane-Based Foams in Automotive Market
Key Companies Operating in the Market and Competition Landscape
The companies that are profiled in the report have been selected based on a selective pool of players, primarily Tier-1 (holding 50-60% of the market) and mid-segment players (comprising 30-40% share), and small and emerging companies (holding the balance 10-20% share), based on various factors such as product portfolios, annual revenues, market penetrations, research, and development initiatives, along with a domestic and international presence in the polyurethane-based foams in automotive market.
Some of the key players operating in the market, include Huntsman International LLC, Dow, Rogers Corporation, Recticel NV/SA, Foam Supplies, Inc., Huebach Corporation, Caligen Europe B.V., Vita (Holdings) Limited, Bridgestone Corporation, M/s Sheela Foam Ltd., Saint-Gobain, Greiner AG, Interplasp, UFP Technologies, Inc., and Covestro AG
Key Questions Answered in the Report:
- What are the major factors and trends impacting the polyurethane-based foams in automotive market, and how has COVID-19 affected the market?
- What are the steps taken by the existing players to improve their market positioning, and is there any substitute used in the end-use industry for polyurethane-based foam?
- Which are the leading types and applications in the market, and how are they expected to perform in the coming years?
- What are the latest developments across the globe with respect to research and development, and what would be the trending technology used in the polyurethane-based foams in automotive market?
- What are the consumption patterns of polyurethane-based foam across different regions and countries? Moreover, is there any government regulation across the globe impacting the polyurethane-based foams in automotive market?
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About BIS Research:
BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.
Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them specific and actionable insights on novel technology markets, business models, and competitive landscape.
BIS Healthcare vertical offers intelligence in the healthcare technology market for Medical Devices, Digital Health, Life Sciences, Robotics and Imaging, Information Technology, Precision Medicine, and other emerging healthcare technologies, covering the entire industry spectrum. In the past 5 years, BIS Healthcare has published more than 50 reports under the precision medicine banner. Additionally, BIS Research has been nominating Top 25 Voices in Precision Medicine on its Insight Monk platform for the past two years successfully.
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