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tamanna31 · 3 months ago

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Polyurethane Foam 2024 Industry – Challenges, Drivers, Outlook, Segmentation - Analysis to 2030

Polyurethane Foam Industry Overview

The global polyurethane foam market size was estimated at USD 43.70 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 7.8% from 2024 to 2030.

Factors such as increasing demand from various industries, including automotive, construction, and furniture. Polyurethane (PU) foam's demand is driven by its versatility and excellent insulation properties, thus making it an ideal material for ensuring the comfort, safety, and energy efficiency of using products. In addition, the market is driven by consumer preference for eco-friendly and sustainable materials, as PU foam can be manufactured using bio-based materials, reducing the environmental impact. Moreover, advancements in technology and manufacturing processes have made PU foam more cost-effective, further fueling its adoption across multiple sectors. As these driving factors continue to shape the industry landscape, the global PU foam market is projected to experience steady growth over the forecast period.

Gather more insights about the market drivers, restrains and growth of the Polyurethane Foam Market

Market growth of polyurethane (PU) foam has been closely linked to several key trends in recent times. The burgeoning automotive industry has significantly increased its usage of PU foam for various applications, such as seat cushions, headrests, and interior trims, as automakers seek to improve vehicle comfort and fuel efficiency. Moreover, the construction sector's continuous expansion has driven demand for PU foam insulation in buildings to reduce energy consumption and meet sustainability requirements. In addition, the furniture industry has embraced PU foam due to its lightweight nature and excellent cushioning properties, which enhance comfort and durability of sofas, mattresses, and other upholstered products. Growing awareness about environmental concerns has propelled manufacturers to develop bio-based PU foam, tapping into eco-friendly niche markets. These driving factors, combined with ongoing technological advancements and increasing adoption across various industries, promise a positive outlook for the global market in the foreseeable future.

The U.S. plays a significant role in global market, exhibiting its strong presence and influence. With a robust manufacturing sector and a technologically advanced market, the U.S. has emerged as one of the leading consumers and producers of PU foam products worldwide. Country's construction, automotive, and furniture industries have been major drivers of PU foam demand, fueling its widespread adoption across various applications.

PU foam has a widespread application in the construction sector as a thermal and acoustic insulation for buildings. The U.S. is experiencing a significant rise in demand for PU foam as energy efficiency has become a major concern. The automotive industry extensively utilizes PU foam for seat cushions, headrests, armrests, and interior panels due to its lightweight, durability, and comfort. Moreover, the furniture industry relies on PU foam for manufacturing comfortable mattresses, cushions, and upholstery materials, catering to a growing demand for aesthetically pleasing and durable home and office furniture.

The U.S. has a strong presence of PU foam manufacturers, suppliers, and distributors, which further drives market growth. Several prominent American companies are engaged in the production of PU foam and its related products, leveraging advanced technologies and innovative manufacturing processes. This allows the U.S. to cater to both domestic and international demand, exporting PU foam to various countries globally. The country's involvement in the global market is expected to remain robust due to its industrial prowess, technological advancements, and continuous growth of key end-use industries.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

• The global nylon monofilament market size was valued at USD 1.33 billion in 2023 and is projected to grow at a CAGR of 5.1% from 2024 to 2030.

• The global laminated labels market was valued at USD 89.9 million in 2023 and is projected to grow at a CAGR of 8.4% from 2024 to 2030.

Global Polyurethane Foam Market Report Segmentation

This report forecasts revenue and volume growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global polyurethane foam market report based on product, application, and region.

Product Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)

Rigid Foam

Flexible Foam

Application Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)

Bedding & Furniture

Transportation

Packaging

Construction

Electronics

Footwear

Others

Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)

North America

Canada

Mexico

Europe

Germany

Italy

France

Spain

Netherlands

Poland

Asia Pacific

China

India

Japan

South Korea

Australia

Thailand

Indonesia

Central & South America

Brazil

Argentina

Middle East & Africa

UAE

Saudi Arabia

Key Companies & Market Share Insights

The market has been characterized by the presence of key players along with a few medium and small regional players. Major players are continuously working on developing polymers for production of polyurethane (PU) foam owing to rising demand for bedding & furniture.

This is a highly competitive market due to the presence of major industries across globe as these companies are comparatively concentrated and fiercely competitive along with acquisitions, mergers, and collaborations. For Instance, in June 2023, Sheela Foam, one of renowned manufacturers of foam-based products, planned to acquire Kurlon Enterprise with a capital investment of USD 395.51 million. This strategic move represents a significant step forward for Sheela Foam as it expands its market presence and product portfolio. By acquiring Kurlon Enterprise, Sheela Foam gains access to a strong brand, an extensive distribution network, and a diverse customer base. This acquisition not only reinforces Sheela Foam's position as a dominant player in the industry but also opens new avenues for growth and innovation. With this bold investment, Sheela Foam is well-poised to offer a comprehensive range of high-quality foam and bedding solutions, further cementing its reputation as a trusted name in the market.

Huntsman Corporation

The Dow Chemical Company

BASF SE

Sekisui Chemical Co., Ltd.

Trelleborg AG

Future Foam, Inc

Elliott Co. of Indianapolis, Inc.

Recticel S.A.

Foamcraft, Inc.

UFP Technologies, Inc.

Rogers Corporation

Wanhua Chemical Group Co., Ltd.

Saint-Gobain S.A.

Order a free sample PDF of the Polyurethane Foam Market Intelligence Study, published by Grand View Research.

#Polyurethane Foam Market

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robertsteven65 · 3 months ago

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Expanded Polypropylene Foam: High-Density Segment Sees Surge in Automotive and Packaging Uses

Overview :

Expanded Polypropylene Foam Market was valued at USD 1,186.6 million and is expected to reach USD 2581.9 million in 2032. This market is estimated to register a CAGR of 8.3% between 2023 and 2032.

Get a Sample Copy with Graphs & List of Figures @ https://market.us/report/expanded-polypropylene-foam-market/request-sample/

Expanded polypropylene (EPP) foam is a versatile material known for its excellent impact resistance and lightweight properties. It is widely used in various industries due to its durability and cushioning ability. In consumer goods, EPP foam provides protection for sensitive electronics like computer equipment and circuit boards, where its shock-absorbing qualities help prevent damage during transport and use. Additionally, EPP foam's insulating properties make it valuable in packaging, building, and construction, where it contributes to energy efficiency and structural integrity.

Looking ahead, the demand for EPP foam is expected to grow, particularly in the toy and sports equipment sectors. As consumers become more health-conscious and seek products that offer better protection and safety, EPP foam's role in these areas is likely to expand. Its use in toys can provide safer play experiences for children, while in sporting goods, it can enhance comfort and injury prevention. This increasing awareness and preference for quality and safety are driving factors that will likely boost the global market for expanded polypropylene foam.

Key Market Segments

Based on Product

High Density

Low Density

Medium Density

Based on Application

Bumpers

Roof Pillars

Seat Bracing

Armrests

Other Applications

Based on End-User

Automotive

Packaging

Consumer goods

Appliances

Oil & Gas

Other End-Users

By Product Analysis:

The expanded polypropylene (EPP) foam market is segmented into high density, low density, and medium density, with high-density foams leading the market. In 2022, high-density EPP foams commanded over 42.0% of the market share, largely due to their use in automotive safety components and packaging.

By Application Analysis:

In terms of application, bumpers emerged as the leading segment, capturing over 42.0% of the market share in 2022. The increasing need for high-impact-resistant packaging for vehicle components drives this dominance, as EPP foam bumpers provide crucial safety features and impact absorption in automotive interiors and exteriors.

By End-Users Analysis:

The automotive sector is the primary end-user of expanded polypropylene foam, driven by its cost-effectiveness, mechanical strength, and moldability. EPP foam contributes to weight reduction in vehicles, enhancing fuel efficiency by up to 7% and lowering VOC emissions from interior components.

Key Players

JSP

BASF SE

Kaneka Corporation

DS Smith

Furukawa Electric Co., Ltd.

Hanwha Group

Sonoco Products

Knauf Industries

Izoblok

Dongshin Industry Incorporated

Clark Foam Products Corporation

Paracoat Products Ltd.

Molan-Pino South Africa

Signode Industrial Group LLC

Armacel

Furukawa Electric Co., Ltd.

Other Market Players

Drivers:

The expanding automotive industry is a major driver for the expanded polypropylene (EPP) foam market, as its lightweight and impact-resistant properties are ideal for components like bumpers and panels. Additionally, the growth of e-commerce and the increasing demand for sustainable packaging solutions are boosting the use of EPP foam in the packaging sector.

Restraints:

The high cost and price volatility of polypropylene, a key raw material, can impact profitability and increase finished product costs. EPP foam also faces competition from cheaper alternatives like expanded polystyrene (EPS) and may encounter challenges from emerging materials and technologies.

Opportunities:

There is significant growth potential in the automotive and packaging sectors, with emerging applications in building insulation and cushioning. The development of new uses, such as in toys and sports equipment, and advancements in manufacturing technology could reduce costs and broaden the material’s market reach.

Challenges:

Despite its advantages, EPP foam's market growth may be hampered by the development of new materials that could replace it in certain applications. Limited availability and higher costs associated with its recycling could also affect its overall market adoption and sustainability.

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david843346 · 1 year ago

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Polyurethane Foam Market Global Demand Analysis & Opportunity Outlook 2035

research analysis on “Polyurethane Foam Market : Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global polyurethane foam market in terms of market segmentation by product type, density, application, end-use industry, and by region.

Surge in the Use of Polyurethane Foam in Straps to Boost the Growth of Global Polyurethane Foam Market

The global market for polyurethane foam is set to grow on account of surge in use of polyurethane foam in straps. Polyurethane straps can be used in a wide variety of situations. Due to its overall strength and elasticity, polyurethane is the ideal material for products like watch straps since it meets the needs of the wearer in terms of convenience and adaptability. The strength of polyurethane compounds found in bungee cords can be demonstrated by the fact that a very thin, very long cord can support the weight of rather heavy things.

Additionally, the development of PU spray foam technology has also revolutionized the construction industry by allowing foam sprays to easily and sustainably replace conventional building materials. These materials offer better insulation than traditional building materials, which reduces energy costs. Furthermore, PU has been developed with better characteristics for a number of industrial applications thanks to ground-breaking production techniques.

Some of the major growth factors and challenges that are associated with the growth of the global polyurethane foam market are:

Growth Drivers:

Rise in the Production of Footwear

Growth in the Production of Furniture

Challenges:

Polyurethane is a versatile material with several applications and end uses. In some situations, the product is outperformed by alternatives on the market. For instance, linseed oil is used in place of hazardous compounds to cure wood in the furniture industry. Polysiloxane coatings are used instead of PUR coatings (based on isocyanates) in maritime applications. Polysiloxane coatings are also a great substitute for PUR coatings since they provide the right durability and weather resistance for maritime applications. This would prevent the market from growing.

Access our detailed report at:

By end-use industry, the market for polyurethane foam is segmented into furniture & bedding, construction, electronics, packaging, footwear, and automotive. Out of these segments, the construction segment is anticipated to capture the highest share of about 30% over the forecast period. However, furniture & bedding segment is also projected to grow. Flexible polyurethane foam (FPF) is often used in commercial furniture, particularly that found in businesses (including home offices), classrooms, hotels, and dining establishments. Upholstery parts including seat cushions, armrests, backs, leg rests, and others use foam as their primary material.

By region, the market for polyurethane foam in Europe is estimated to grow over the forecast period. The promotion of environmental consciousness throughout the region is the key factor enabling the growth of the regional market. Additionally, a beneficial impact on the expansion of the regional market is anticipated from the expanding per capita disposable income. Germany is the country in the region that contributes to growth the most and generates the most money. However, during the following years, the U.K. polyurethane foam industry is predicted to develop at the highest rate.

This report also provides the existing competitive scenario of some of the key players of the global polyurethane foam market which includes company profiling of The Dow Chemical Company, BASF SE, Future Foam, Vita Holdings Limited, Covestro AG, Saint-Gobain SA, CRS Holdings LLC, Rogers Corporation, FXI, UFP Technologies, Inc., and others.

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#Polyurethane Foam Market

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meghanester · 1 year ago

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Polyurethane Foam Market Size Growth with a CAGR of ~8% During 2023-2035 and Attain ~USD 100 Billion by 2035

Research Nester’s recent market research analysis on “Polyurethane Foam Market : Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global polyurethane foam market in terms of market segmentation by product type, density, application, end-use industry, and by region.

Surge in the Use of Polyurethane Foam in Straps to Boost the Growth of Global Polyurethane Foam Market

Get a Sample PDF Brochure: https://www.researchnester.com/sample-request-5158

Some of the major growth factors and challenges that are associated with the growth of the global polyurethane foam market are:

Growth Drivers:

Rise in the Production of Footwear

Growth in the Production of Furniture

Challenges:

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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

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Email: [email protected]

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#Polyurethane Foam Market

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efrost · 1 year ago

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Automotive Interiors Market is set for a Potential Growth Worldwide: Excellent Technology Trends with Business Analysis

Latest study released by AMA Research on Global Automotive Interiors Market research focuses on latest market trend, opportunities and various future aspects so you can get a variety of ways to maximize your profits. Automotive Interiors Market predicted until 2027*. Basics of automotive interior are automotive navigation system, backup camera, power steering, airbag, armrest, remote key less system, power door lock, child safety lock, air conditioning, car phone, seat belt, automobile accessory power, gear stick and others.

Automotive interior market is expected to grow potentially over forecast period owing to growing automotive industry globally, passenger and electric vehicle segment and increasing demand for self-running/ automatic vehicles

Some of Key Players included in Automotive Interiors Market are

Lear Corporation (United States)

Magna International, Inc. (Canada)

Continental AG (Germany)

Calsonic Kansei Corporation (Japan)

Delphi Automotive PLC (United Kingdom)

Panasonic Corporation (Japan)

Hyundai Mobis Co. Ltd. (South Korea)

Toyota Boshoku Corporation (Japan)

Tachi-S Co. Ltd. (Japan)

Aisin Seiki Ltd (Japan)

Calsonic Kansei Corporation (Japan)

Continental AG (Germany)

Delphi Automotive PLC (Ireland)

Faurecia S.A. (France)

Gentex Corporation (United States)

International Automotive Components Group S.A. (Luxembourg)

Johnson Controls Inc. (United States)

Kongsberg Automotive (Japan)

Magna International Inc. (Canada)

Nippon Seiki (Japan)

Pioneer Corp (Japan)

Market Trends: Growing Adoption for Interior Designing

Drivers: Growing Automobile Industry

Escalating Passenger Car and Electric Vehicle

Challenges: Intense Competition

Opportunities: Rising Demand of Self-ruling Vehicles

The titled segments and Market Data are Break Down by Type (Perfume, Neck Pillow, Hanging Drop, Foot Pad, Steering Wheel Cover, Others), Vehicle (PV, LCV, HCV), Distribution Channel (Online Retail, Offline Retail)

Presented By

AMA Research & Media LLP

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researchvishal · 2 years ago

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Automotive Interior Leather Market Research, Segmentation, Key Players Analysis & Forecast By 2031

The automotive interior leather market is expected to register a CAGR of over 3% during the forecast period ranging from 2022 to 2032, as per a recent Future Market Insights report. As the world's leading automobile producer, the United States leads the sector. North America has perhaps the biggest and most productive economy of any region in the world. Canada is the largest exporter of automobiles in North America, as well as the U.S. is one of the largest producers of passenger cars.

Key Takeaways

Automotive interior leather for passenger cars to experience noteworthy expansion until 2032

Investing in the production of sustainable leather can lead to significant growth in the market

Leather interiors for automobiles are expected to grow in popularity as the market for luxury living standards increases.

Increased technological innovation and the expansion of automotive production plants are supporting the growth of the interior leather market.

As consumers are increasingly becoming accustomed to purchasing cruelty-free leather products in the market, the market for automotive interior leather is also expected to grow in the future.

Within North America, the United States is forecast to present credible growth opportunities for automotive interior leather manufacturers. It is anticipated that the market for light commercial vehicles in the U.S will increase. Commercial vehicles, which account for nearly two-thirds of demand in the U.S., dominate the market.

The rapid growth of autonomous vehicles will further contribute to the expansion of the car interior leather market. Several factors drive the market, such as advanced technology, a greater level of comfort, greater investments in R&D projects, and an increasing demand for autonomous and electric cars throughout the region.

A high-end brand car typically uses leather seat covers, dashboards, armrests, and much more throughout its interior, indicating its value and quality. In addition to being comfortable and durable, the material also possesses an adverse effect on the environment. With increased consumer spending power, along with the continued growth of the automobile manufacturing industry, it is anticipated that interior leathers will be in high demand on the market in the coming years.

According to Trading Economics, the total number of vehicles sold in the United States increased to 13.50 million in September 2022 from 13.20 million in August 2022. Although the pandemic crippled car sales in the U.S., the demand for aftermarket products ensured regular sales of the interior leather. As green technology is integrated into the automotive industry, players will have more opportunities to grow and expand their businesses in the interior leather market.

The automotive industry has begun offering increasingly sustainable alternatives to leather that do not contain animal products. Due to increased customer awareness regarding animal welfare, global warming, and reducing carbon footprints, automotive manufacturers have been forced to offer alternatives to leather in response to changing consumer preferences.

For more information: https://www.futuremarketinsights.com/reports/automotive-interior-leather-market

Competitive Landscape

Leather interiors for automobiles are highly fragmented worldwide. Several players are focusing on specialized regions or vehicle types to carve out niches in those markets. Collaborations are the key to success for companies in the market. In addition, sustainable materials are being introduced to keep up with changing consumer tastes. It is expected that leading players will continue to pursue expansion strategies.

Some of the leading companies operating in the market are:

Lear Corporation

Seiren Co., Ltd

GST AutoLeather Inc

BOXMARK Leather GmbH & Co KG

Bader GmbH & Co. KG

Katzkin Leather,Inc.

Leather Resource of America

WOLLSDORF LEDER SCHMIDT & Co. Ges.m.b.H.

DK Leather Corporation

Scottish Leather Group Limited

Recent Developments

ECD Automotive Design, an Orlando-based restoration company that restores Defenders and Range Rover Classics, recently received three vintage Jaguar E-Types. The interior can be customized to create something truly exceptional and unforgettably stylish, including leather, carpet, dash upgrades, stitching, and more. A photorealistic 3D model is then created to teasing the upcoming build once the design has been finalized.

Global Automotive Interior Leather Market by Category

Material Type

Genuine Leather

Synthetic Leather

PU Leather

PVC

Vehicle Type

Passenger Cars

Compact

Mid-Sized

Sedan

Luxury

Van

Light Commercial Vehicles

Heavy Commercial Vehicles

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marketresearchpp · 2 years ago

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The automotive Armrest Market

The automotive Armrest Market is anticipated to reach USD 2062.78 Million by 2027, growing at a CAGR of more than 0.59% during the forecast period.

Market Insights

An automotive armrest is a feature in vehicles where the occupants can rest their hands. The armrest is also used to keep essential things in them so as to easily access it while driving. The armrest features include a cup stand, storage and also comprises of some controlling functions of the vehicle. The armrests on the rear seats are foldable and can be used as a seat for a third person or as a hand rest. This feature is provided in some mid-range cars and all luxury vehicles. Almost every car comprises of an armrest on the door which can be used to rest your hands or hold the door when you open the door. Armrests are adjustable and fully foldable which provide comfort while driving regardless of the position of the seat or the height of the occupant.

Besides, armrest with features such as such as wireless charging, portability and soft materials such as leather, fabric, or vinyl enhances the aesthetics which are gaining more popularity among the consumers. The rising production and sales of vehicles are thus increasing the demand for armrest in the global market. Moreover, the increasing focus on the aesthetics of the cars and growing car rental market is expected to boost the growth of the automotive armrest market during the forecast period.

Top Impacting Factors

Increase in the production & sales of vehicles, rise in the demand for rental cars, demand for aftermarket, and surge in inclination for car aesthetics drive the automotive armrest market.

However, unavailability of pre-installed armrest, and lack of interior space hinder the growth of the automotive armrest market.

On the contrary, improvement in the quality & comfort, and rise in E-commerce preference for armrest market provide growth opportunities for the automotive armrest market.

#Automotive Armrest Market #Automotive Armrest Industry Analysis #Automotive Armrest Market Size #Automotive Armrest Market Share #Automotive Armrest Market Growth #Automotive Armrest Market Trends

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severepeanutperfection · 2 years ago

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Train Seat Market Demand, Scope and Future Estimation until 2032

The global train seat market is estimated to garner US$ 3,001 Million while exhibiting a 4.5% CAGR during the forecast period. The growing support from several governments is likely to fuel the market growth in the coming years. The industry is expected to secure US$ 1,933 Million in 2022.

With increasing urbanization and increasing investment due to the growth of financial economies like china, and India there is an increase in demand for the train seat market. Increasing government investment in the development of railways drives the growth of the market. Increasing government initiatives aiming to attract tourists and travelers and usage of high-speed trains for long routes with a luxurious interior and better services will further help in the growth of the train seat market.

The regional/intercity segment is likely to offer remunerative opportunities for the global train seat market. Several emerging economies are making significant developments in their technological sector, thereby, providing lucrative opportunities to players in the market.

Key Takeaways:

The global train seat market is estimated at USD 1850 Million in 2021

By train, the regional/intercity segment is expected to generate demand of over US$ 300.5 Million in the forecasting period

By product, the non-recliner segment accounts for the CAGR of 5% during the forecasting period.

Market in the US accounts for 3% CAGR in 2021.

Market in the Asia Pacific to procure a market share of 890.5Million during the assessment period.

“The increasing consumer inclination towards safety and security in railway transportation and high investment in train sector development by government authorities are expected to fuel the demand for train seat market over the forecast period”

Competitive Landscape

Key players in the global train seats market are Freedman Seating Co., Saira Seats, FISA Srl, Grammar AG, Franz Kiel GmbH, KTK Group, USSC Group, Transcal Ltd., Seats Incorporated, and GINYO Transport, among others

Recent updates from the industry are:

In May 2020 - Freedman Seating Introduces Passenger Protective Equipment. These new products help fight the spread of germs on public and commercial transportation. Freedman’s Passenger Protective Equipment includes a Passenger guard, grab rail cover, and Social distance seat belt.

Seats Incorporated designs, manufactures and markets seating and accessories for operators of vehicles with wheels or tracks. Seats Incorporated is now one of the most diverse seating manufacturers with products that are used in a wide variety of applications including industrial trucks, over-the-highway semi-tractors, off-highway equipment, earth moving equipment, military vehicles, and emergency vehicles.

September 2021– Grammer is expanding in the Chinese automotive market. the company opened a new production site in the economic metropolis of Shenyang. The plant manufactures high-quality centre consoles, armrests and other interior components for vehicles from a European premium manufacturer.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global train seat market presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Train (Regional/Intercity, High-speed, Metro, Light), by Product (Non-recliner, Luxury/Premium, Recliner, Subway Seats, Sleeper/Couchette), by Application (OEM, Aftermarket) and Region (North America, Europe, APAC, MEA, and Latin America)

About the Automotive Division at Future Market Insights

The automotive team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analysing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

For More Info@ https://www.futuremarketinsights.com/reports/train-seat-market

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imrmarket · 2 years ago

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Automotive Armrest industry by type ,by application and trends

Top Impacting Factors

· Increase in the production & sales of vehicles, rise in the demand for rental cars, demand for aftermarket, and surge in inclination for car aesthetics drive the automotive armrest market.

· However, unavailability of pre-installed armrest, and lack of interior space hinder the growth of the automotive armrest market.

· On the contrary, improvement in the quality & comfort, and rise in E-commerce preference for armrest market provide growth opportunities for the automotive armrest market.

Get Sample Reports:- https://introspectivemarketresearch.com/request/11282

Automotive Armrest Market - Size, Competitive Landscape and Segmentation Analysis:

Automotive Armrest Market Reports provide a high-level overview of market segments by product type, applications, leading key players, and regions, as well as market statistics. The research insights focus on the impact of the Covid-19 epidemic on performance and offers a thorough examination of the current market and market dynamics. This crucial understanding of the report's objective can help you make better strategic decisions about investment markets by assessing elements that may affect current and future market circumstances. The leading key players in the Global and Regional market are summarized in a research to understand their future strategies for growth in the market.

The key players covered in the Automotive Armrest market report is:

· Grammer

· EFH Armrests

· Fehrer

· ABC Group

· BOS

· Master Molded Products Corporation

· Irvin Automotive Products

· Accuride

· Bentex Automotive

· Yangfeng Johnson Controls

· Intap

· Proseat

· Noco AB

Segmentation of Automotive Armrest market:

In market segmentation by Type, Automotive Armrest Market report covers:

· Passenger Vehicles

· Commercial Vehicles

In market segmentation by Material, Automotive Armrest Market report covers:

· Wood

· Plastic

· Steel

· Aluminium

Market Segment by Regions and Countries Level Analysis:

· North America (U.S., Canada, Mexico)

· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

· Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)

· Middle East & Africa (GCC Countries, South Africa, Rest of MEA)

· South America (Brazil, Argentina, Rest of South America)

Covid-19 Impact and Recovery Analysis on Industry:

We've kept track of Covid-19's direct impact on this market as well as its indirect impact on other industries. During the analysis period, the impact of the Covid-19 pandemic on the market is predicted to be significant. From a worldwide and regional viewpoint, this report examines the influence of the pandemic on the Automotive Armrest industry. The study categories the Automotive Armrest industry by type, application, and consumer sector to determine market size, market features, and market growth. It also includes a thorough examination of the factors that influenced market development before and after the Covid-19 pandemic. In addition, the research did a pest analysis in the sector to investigate major influencers and entrance obstacles.

Inquiry Before Purchasing: https://introspectivemarketresearch.com/inquiry/11282

Automotive Armrest Market Report contains market data from 2022 to 2028, which provides an overview of the market covering key drivers and risk factors. The report is segmented by top global manufacturers that mention sales, revenue and applicable prices. It also evaluates the competitive scenarios of key players. The report is expanded to include regional market data along with types and applications. This report forecasts sales and revenue from 2022to 2028. Detailed sales channels are also covered in the study.

#Automotive Armrest Market Automotive Armrest Market Size Automotive Armrest Market Share Automotive Armrest Market Growth Automotive Arm

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marketwire · 2 years ago

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Thermosets Market Size Forecast to Reach $42.5 Billion by 2026

Thermosets Market size is forecast to reach $42.5 billion by 2026, after growing at a CAGR of 4.6% during 2021-2026. The thermoset's properties include excellent strength, light weight, low specific gravity, excellent elasticity modulus, and high resistance to corrosion, and among others. Thermoset's superior properties have led to their growing applicability across a range of end-use sectors, including wind power, automobile, aerospace, building & infrastructure. Thermoset resins are very versatile materials, due to this they are used for building blocks. Also, diamines are the most common epoxy curing agent which is used in building block. Diamine along with epoxy resin to make harden the thermoset through crosslinking, hence it is also called hardeners. Thus, one of the major factors driving the growth of the thermoset market, is the rising demand for lightweight and robust substitute materials from the building & construction, aerospace, automobile, and transport industries. For instance, according to Federation of Automobile Dealers Associations (FADA), in India sales of passenger vehicles was at 2,91,001 units in November 2020, compared with 2,79,365 units in November 2019. Hence, increasing production of vehicles is expected to grow the automotive industry, in turn, increasing the demand for thermoset market.

Thermosets Market Segment Analysis – By Resin Type

The epoxy resin segment held the largest share of more than 30% in the thermoset market in 2020, because of its superior features, such as durability, resistance to scratching, resistance to abrasion, resistance to impact, strong chemical resistance, and ability to weather. The major benefit of epoxy is that nearly all substrates are suitable for bonding. In addition, epoxy resin is able to have various different properties as it is combined and cured together with various curing agents like hardeners and catalysts. They are also highly resistant to physical and chemical influences, and also have elevated long-term stability because they only have a limited tendency to slip. They can withstand continuous temperatures from 200 0F (95°C) up to 390 0F (200°C) depending on the type. These extensive epoxy resin characteristics are expected to increase thermoset demand during the forecast period.

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Thermosets Market Segment Analysis – By Molding Process

Injection Molding (RIM) process has dominated the market for thermosets market in 2020 with a share of more than 55%. Injection molding developed thermoset materials at moderate temperatures (approximately 200° F) and give a long shelf life in the barrel and react very quickly when the temperature is raised to 3500 F to 400° F as the material is forced through the sprue, runners, gates and fills the cavities. This unique development in materials helped to gain acceptance of injection molding as a reliable production process, which highly used in thermoset market.

Thermosets Market Segment Analysis - By Application

Automotive sector dominated the market for thermosets market in 2020 with a share of more than 30%, and is projected to grow at a CAGR of 4.43%. In vehicles, polyurethane thermoset material is used for the manufacture of seating and interior parts, such as armrests, headrests, headliners and dashboards. The movement towards the use of lightweight and high-performance materials in the manufacture of vehicles to increase fuel efficiency is expected to boost demand. Increased construction spending coupled with the development of vehicles, particularly in the Asia Pacific region, is likely to booster opportunities for various applications such as insulation and the production of vehicle components. According to IBEF, Indian automotive industry (including component manufacturing) is expected to reach US$ 251 to US$ 282 billion by 2026. Furthermore, in March 2020, Toyota Motor Corporation and Hino Motors, Ltd., announced plans to jointly develop a heavy-duty fuel cell truck. Heavy-duty trucks are typically used for highway transportation; therefore, they are required to have sufficient cruising range and load capacity as well as fast refueling capability. This element is expected to fuel demand for thermosets like alkyd resins, UPR, PU and epoxy resins.

Thermosets Market Segment Analysis- By Geography

Asia Pacific dominated the thermosets market share with more than 36%, in 2020. Over the next decade, Asia Pacific is expected to grow as the main market for thermoset composites. Based on its demand from various end-use industries such as manufacturing, vehicles and chemicals, Asia Pacific has become the leading area for consuming thermosets. Owing to the growth of the automotive industry coupled with growing disposable income, China and India are expected to see substantial gains over the projected period. According to IBEF, in India passenger vehicle sales was at 3,10,294 units in October 2020, compared with 2,71,737 units in October 2019, registering a 14.19% growth. Also, the Indian Government expects automobile sector to attract US$ 8 to US$10 billion in local and foreign investments by 2023. In addition, demand can be powered by continued developments in the shipping, wind power, and construction and infrastructure sectors. It will estimate that industrialization and rapid economic change would fuel business demand for thermosets.

Thermosets Market Drivers

Increasing Demand of Thermosets

Through preventing the deposition of unrecyclable polymers in landfills and unregulated areas, understanding of environmental conservation has been growing. To promote the production of recyclable thermosets, tax incentives and legislation have been implemented. In response, some novel polymers that not only have high-performance features in line with traditional thermosets, but are also recyclable have been developed by researchers. The global market for recyclable thermosets has been significantly improved by favorable research activities. The changing regulatory scenario and the increasing customer perception of the importance of decreasing the use of fossil fuels are both critical for the growth of the industry and will drive the market significantly over the forecast span of the study.

Increase in Automotive Production

In the automotive industry, thermosets curing agents or crosslinking agents (also called hardeners) are widely used for the production of automotive components such as pump parts, pulleys, pistons, carbon brush holders, electrical endplates, wheels, panels, vacuum pumps, water pump housings, pedals, and electrical encapsulation. Thermoset composites can be 30% -40% lighter than aluminum and provide very high heat tolerance and resistance to fatigue, which is expected to increase thermoset demand during the forecast period. The Chinese government expects the production of automobiles to reach 35 million units by 2025, according to the International Trade Administration (ITA). In 2017, the Australian market sold 1.2 million new passenger cars, SUVs, and commercial vehicles, an increase of 0.9 % from 2016. According to International Organization of Motor Vehicle Manufacturers (IOMVM), the production of light commercial vehicles has also increased in the APAC region by 10.2 % in 2018. Light commercial vehicle production has increased from 2,249,348 in 2018 to 2,254,153 in 2019, an increase of 0.2 % in Europe. The increasing production of automotive will therefore require more thermosets, which will act as a driver for the market for thermosets.

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Thermosets Market Challenges

Volatility in Raw Material Prices

One of the main problems for producers is uncertainty of raw material costs for crosslinking agents. Business development is expected to be threatened by fluctuating prices of curing agents such as epoxy resins & PU, along with growing environmental issues due to increasing carbon footprints. These resins are petroleum-based product; thus, the crude oil fluctuation can hamper the market growth. For instance, according to BP static, Global oil production fell by 60,000 barrel per day was more than offset by a decline in Organization of the Petroleum Exporting Countries (OPEC) production, led by U.S, (-2 million b/d), Iran (-1.3 million b/d) Venezuela (-560,000 b/d) and Saudi Arabia (-430,000 b/d). hence, volatility of raw materials will be hampering the market growth in near future.

Thermosets Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Thermosets Market. Major players in the Thermosets Market top 10 companies are 3M, DuPont, BASF, Huntsman, Ashland and Dow Chemicals. Other prominent companies include Lanxess, DSM, AOC Resins, Performance Material Holding and Sika AG and among others.

Acquisitions/Technology Launches

In August 2019, Teijin Limited acquired Renegade Materials Corporation, a leading North American supplier of highly heat-resistant thermoset prepreg for the aerospace industry. The acquisition will expand its aerospace business to include production capabilities for high-temperature prepreg materials that are used to manufacture engine parts in next-generation aircraft.

Key Takeaways

Thermoset materials are commonly adopted in various end use industries such as automotive with demand for lightweight materials, aerospace, and military industries, due to dimensional control, as well as resistance to high temperatures and corrosive elements and improved strength-to-weight ratio.

According to the India Brand Equity Foundation (IBEF), The MRO (maintenance, repair and overhaul) aerospace industry is likely to grow over US$ 2.4 billion by 2028 from US$ 800 million in 2018. Also, the number of airplanes is expected to reach 1,100 by 2027.

Emerging developments are expected to have a more positive effect on the demand for thermoset composites, including the development of rapid cure resin systems; increased use of heat, smoke, and poisonous resin; and innovations in bio-based thermosets.

Cross-linking agent is irreversible therefore thermosets resins cannot be reprocessed or recycled in their original state, nor can they be spontaneously decomposed; environmental issues are also the key restrictions of the demand for thermoset resins.

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A. Thermoset Resin Market

https://www.industryarc.com/Report/16295/thermoset-resins-market.html

B. Thermoset Molding Compound Market

https://www.industryarc.com/Research/Thermoset-Molding-Compound-Market-Research-501485

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#Thermosets Market #Thermosets Market share #Thermosets Market size

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industryrecentdevelopment · 3 years ago

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Automotive Armrest Market - Global Industry Analysis, Size, Share, Growth

The automotive Armrest Market is anticipated to reach USD 2062.78 Million by 2027, growing at a CAGR of more than 0.59% during the forecast period.

Market Insights

Top Impacting Factors

· Increase in the production & sales of vehicles, rise in the demand for rental cars, demand for aftermarket, and surge in inclination for car aesthetics drive the automotive armrest market.

· However, unavailability of pre-installed armrest, and lack of interior space hinder the growth of the automotive armrest market.

· On the contrary, improvement in the quality & comfort, and rise in E-commerce preference for armrest market provide growth opportunities for the automotive armrest market.

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Automotive Armrest Market - Size, Competitive Landscape and Segmentation Analysis:

The key players covered in the Automotive Armrest market report is:

The global automotive armrest market is highly fragmented owing to the existence of a number .

Grammer, EFH Armrests, Feer, ABC Group, BOS, Master Molded Products Corporation, Irvin Automotive Products, Accuride, Bentex Automotive, Yangfeng Johnson Controls, Intap, Proseat, Noco AB

Segmentation of Automotive Armrest market:

In market segmentation by Type, Automotive Armrest Market report covers:

Passenger Vehicles, Commercial Vehicles

In market segmentation by Material, Automotive Armrest Market report covers:

Wood, Plastic, Steel, Aluminium

Market Segment by Regions and Countries Level Analysis:

· North America (U.S., Canada, Mexico)

· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

· Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)

· Middle East & Africa (GCC Countries, South Africa, Rest of MEA)

· South America (Brazil, Argentina, Rest of South America)

Covid-19 Impact and Recovery Analysis on Industry:

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#Automotive Armrest Market

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marketreportss · 3 years ago

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Best Car Armrest options for a comfortable drive

Automotive Armrest Market is anticipated to reach USD 2062.78 Million by 2027, growing at a CAGR of more than 0.59% during forecast period.

Market Insights

Armrest adds to the overall comfort of the car and makes the driving experience convenient for the driver. The armrest is located either in the front of the vehicle, rear of the vehicle, or both. Armrests are provided in some mid-range cars and all luxury vehicles. Although, the people who are interested to install this feature can also purchase these parts through the aftermarket. The armrest in the front also contains a storage space, which allows the driver to store belongings inside. Additionally on the back of the front armrest cup holders and air conditioning vents can be provided to enhance the comfort of passengers in the back. Furthermore, the armrest on the rear seats is foldable, which can be used as a seat for the third person or as a hand rest. This feature is available in luxury cars. In some designs where occupant safety is emphasized, including Volvo models, the armrest is doubled for the child seat with a complete adjustable seatbelt. The armrest with features such as wireless charging & portability has enhanced the aesthetics, gaining more popularity among the customers. Thus, the demand for production & sales of the vehicles, including the growth of the car rental market, is expected to boost the automotive armrest market.

Read More : https://introspectivemarketresearch.com/reports/automotive-armrest--market/

Top Impacting Factors

· Increase in the production & sales of vehicles, rise in the demand for rental cars, demand for aftermarket, and surge in inclination for car aesthetics drive the automotive armrest market.

· However, unavailability of pre-installed armrest, and lack of interior space hinder the growth of the automotive armrest market.

· On the contrary, improvement in the quality & comfort, and rise in E-commerce preference for armrest market provide growth opportunities for the automotive armrest market.

Automotive Armrest Market - Size, Competitive Landscape and Segmentation Analysis:

The key players covered in the Automotive Armrest market report is:

The global automotive armrest market is highly fragmented owing to the existence of a number .

Grammer, EFH Armrests, Feer, ABC Group, BOS, Master Molded Products Corporation, Irvin Automotive Products, Accuride, Bentex Automotive, Yangfeng Johnson Controls, Intap, Proseat, Noco AB

Segmentation of Automotive Armrest market:

In market segmentation by Type, Automotive Armrest Market report covers:

Passenger Vehicles, Commercial Vehicles

In market segmentation by Material, Automotive Armrest Market report covers:

Wood, Plastic, Steel, Aluminium

Market Segment by Regions and Countries Level Analysis:

· North America (U.S., Canada, Mexico)

· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

· Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)

· Middle East & Africa (GCC Countries, South Africa, Rest of MEA)

· South America (Brazil, Argentina, Rest of South America)

Covid-19 Impact and Recovery Analysis on Industry:

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#Automotive Armrest Market #Automotive Armrest Market share #Automotive Armrest Market size #Automotive Armrest Market growth

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thetejasamale · 3 years ago

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Thermoplastic Polyurethane Films Industry Revenue | Size, Share, Growth, Trends, Demand, Industry Analysis, Key Player profile and Regional Outlook by 2030

Thermoplastic Polyurethane Films are used in a wide array of segments which offers significant properties such as excellent lightweight, durability, and moisture resistance. Furthermore they provide versatility and reliability to the product.

The Global Thermoplastic Polyurethane Films Market has been driven by the scope of its application in various sectors such as construction & buildings, packaging, automotive, and others. Moreover, it is estimated that the packaging segment is set to witness the highest growth in the market due to the growing consumption of low density materials over the forecast period.

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Competitive Analysis:

Some of the major players functioning in the Global Thermoplastic Polyurethane Films Market are BASF SE (Germany), Permali (U.K), Huntsman International LLC (U.S.), PAR Group (U.K), The Lubrizol Corporation (U.S.), Wanhua Chemical Group Co.,Ltd (China), AMERICAN POLYFILM, INC. (U.S.), 3M (U.S.), AVERY DENNISON CORPORATION (U.S.), and MH&W International Corp (U.S.) among others.

Market Segmentation:

The Global Thermoplastic Polyurethane Films Market is segregated into type and application. On the basis of the type, the market is further categorized into polyester, polyether, and polycaprolactone films. The polyester film is the most widely used type in the market due to its growing consumption in industrial aprons, conveyor belts, fabric laminates, and others. Moreover, durability and strength are the major factors behind the popularity of this segment. The polycaprolactone film segment is predicted to witness a higher rate due to its biocompatible nature during the assessment period.

On the Basis of the Application, the market is segmented into automotive, construction & buildings, railways, aerospace, energy, furniture, and others. The automotive sector is the leading segment in the market and is anticipated to observe a rapid growth due to an increased demand for superficial materials in various applications. Exceptional wear and tear resistance are the properties offered by these films in the industry. The construction & buildings segment is predicted to witness a higher growth in the industry due to growing consumption of thermoplastics in flooring, roofing, wall, insulation and pipes. Moreover, the aerospace segment is set to grow at a significant rate due to growing consumption of low density materials in armrest surfaces, seat cushion, masks, and others. These films provide excellent surface finish and strength to the vehicles.

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Segmental Analysis:

The Global Thermoplastic Polyurethane Films Market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major portion of the global market and is anticipated to continue its dominance due to rising demand for thermoplastic polyurethane films market in various applications. Countries such as China, Japan and India are the major players in this region. The North America region is estimated to witness a higher growth in the U.S, Canada and Mexico owing to increasing demand for lightweight materials in packaging, automotive, and construction & buildings sectors. The enactment of new rules and regulations set by the European Union has driven the manufacturers to use eco-friendly products in the end-use industries. Moreover, it is projected that the advancing research & development of product in the market has propelled this region to witness a significant growth in Germany, the U.K and Italy.

The Middle East & Africa is estimated to observe a significant growth due to increasing consumption of thermoplastics in construction & buildings, packaging and automotive sectors. Additionally, the growing demand for moisture resistant and low density materials in construction & buildings industry is projected to boost the market in the Latin American region.

#Thermoplastic Polyurethane Films Industry Revenue

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industryarcresearch · 3 years ago

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Polymer Bearing Market Size Forecast to Reach $12 Billion by 2025

Polymer Bearing Market size is forecast to reach $12 billion by 2025, after growing at a CAGR of 4.5% during 2020-2025. This growth is mainly due to the rising demand in the Asia-Pacific region for polymer bearings. The growth of the global polymer bearing market is further driven by the growing applicability of polymer bearings in the automotive, medical & pharmaceutical, textile, food processing, chemical, office products and semiconductor industries. For use on metal surfaces, polymer bearings are preferred. Over other common bearing materials, polymers offer many advantages. Polymer bearings are resistant to corrosion and chemicals. Such bearings do not transfer heat to other mechanical assembly areas because they are self-lubricating, thus eliminating the risk of failure due to lack of maintenance. Therefore, these factors are driving polymer bearing market growth.

Polymer Bearing Market Segment Analysis - Type of Material

The phenolics material type segment held the largest share in the polymer bearing market in 2019, Due to the growing demand from various end-use industries such as automotive, textiles, food packaging, and semiconductors for phenolic polymer bearings. Phenolic polymer bearings possess properties such as outstanding strength and shock resistance, along with water, acid, alkali solutions resistance. Phenolic polymeric materials serve as self-lubricating materials and in various applications, thus, replacing metal bearings. In heavily loaded systems, they are useful for providing the necessary amount of cooling and clearance. Therefore, owning to the aforementioned properties phenolic material type dominated the market.

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Polymer Bearing Market Segment Analysis - End Use Industry

Automotive sector held the largest share in the polymer bearing market in 2019 and is growing at a CAGR of 4.8% during the forecast period. Due to their properties, such as lightweight, low maintenance, lubrication-free, corrosion & chemical resistant, and high wear & tear resistant, polymer bearings are commonly used in the automotive industry. In this industry, polymer bearings are used to make belt tensioners, centre armrests, pedal systems, gear actuator, steering systems, stub axels, and seating systems. According to OICA, in 2018 the production of light commercial vehicles and heavy trucks increased by 5.9% and 3.5% from 2017. In addition, according to International Energy Agency, in 2018, 3.29 million electric vehicles deployed globally and the number will increase up to 125 million by 2030. This will further support market growth.

Polymer Bearing Market Segment Analysis - Geography

Asia-Pacific held the largest share in the polymer bearing market in 2019 up to 30%, due to increase in demand for polymer bearings in this region from various end-use industries such as automotive, textile, food processing, medical & pharmaceutical, packaging, and chemical. According to OICA, automotive production in countries such as India, Indonesia, and Malaysia have increased by 8%, 10.3% and 12.2% up to 5,174,645, 1,343,714 and 402,085 from 2017. According to the China Association of Automobile Manufacturers, over 27 million vehicles were sold in 2018. In 2017, according to the International Trade Administration (ITA), 1.2 million new passenger cars, SUVs, and commercial vehicles were sold in the Australian market, an increase of 0.9% from 2016. Polymer bearing is used for windshield wipers, shock absorbers, brakes, shafts, doors, gear boxes, engine compartments, angle transmitters, and pedals in the automotive industry. Therefore, growth in automotive production is driving polymer bearing market growth in this region. In addition, the easy availability of raw materials and labor is further anticipated to drive the growth of the Asia-Pacific polymer bearing market.

Polymer Bearing Market Drivers

Increasing demand from automotive industry

The market for polymer bearings is mainly driven by demand from the automotive industry, especially in the manufacturing of vehicles, in order to reduce weight, noise and avoid corrosion. Due to their corrosive and chemical-resistant properties, they are usually applied on the metal surface and probably on other common bearing materials. Because of its auto-lubricate properties, polymer bearing limits the transfer of heat and decreases the chances of failure due to low maintenance. Polymer bearings, relative to metal bearings, are better alternatives for economic growth and are 70 to 80% lighter compared to other metals and thus are commonly used in the automotive sector. According to the International Trade Administration (ITA), China is the world’s largest vehicle market. The Chinese government is expecting that the automobile output will reach 35 million by 2025. This will further support market growth.

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Polymer Bearing Market Challenges

Stringent regulation and low thermal conductivity

The stringent government regulations relating to their use in the food packaging and processing industries, however have limited further expansion of the polymer bearings industry. In addition, fluctuating raw material prices can limit the profitability of the industry, thereby affecting the price trend of polymer bearings. Furthermore, low thermal conductivity phenolic bearings due to friction that requires continuous water feed or lubricating oil to cut down heat may also hamper the market growth.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Polymer Bearing Market. In 2019, the market of Polymer Bearing Market has been consolidated by the top five players accounting for the share. Major players in the Polymer Bearing market includes SKF, Boston Gear LLC, IGUS Inc., Saint-Gobain S.A., and BNL Ltd. Other major companies include Oiles Corporation, KMS Bearings, Inc., Dotmar Engineering Plastic Products, among others.

Key Takeaways

Asia Pacific dominates the polymer bearing market, owning to increasing demand from automotive industry. According to OICA, in 2018 the production of light commercial vehicles has increased by 10.2 % in the APAC region.

In addition, compared to metal bearings, polymer bearings are economical, which makes them a positive option. Due to their non-conductive and corrosion resistant properties, polymers are resistant to acid, alkali, wax and solvents.

Strict government rules & regulations relating to the use of polymer bearings in the food processing and packaging industries are one of the major constraints limiting the growth of the global polymer bearing market.

However, operations in various industries such as textile, automotive, and others is being significantly affected due to the COVID-19 epidemic, as most of countries have issued “stay at home guidance” i.e., lockdown. And it is expected that the outbreak of COVID-19 will be seen in the whole year of 2020, and a few months in 2021. This is limiting polymer bearing market growth.

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B. Nylon Resins Market

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#PolymerBearingMarket

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industryarcmarket · 3 years ago

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Flexible Foam Market Size Forecast to Reach $64.70 Billion by 2026

Flexible Foam Market size is forecast to reach $64.70 billion by 2026, after growing at a CAGR of 6.2% during 2021-2026. Shifting consumer buying patterns along with increasing inclination towards enhancement in the interior design of cars are among the key factors propelling flexible foam market expansion over the forecast period. Growing demand for furniture due to growing disposable income, coupled with advantages such as improved cushioning and longevity in packaged product safety, would also further help the growth of the flexible foam industry.

Flexible Foam Market Segment Analysis - By Type

Polyurethane Foam held the largest share in the Flexible Foam market in 2020. This is due to the fact that polyurethane foam is commonly used in the manufacture of automobiles and their various components in the automotive industry. The adoption of polyurethane foams in building and automotive applications has increased the preference for flexible foams among consumers. In addition, the rise in industrialization is driving the market for flexible foams across multiple industries such as automotive, interior decoration, transport and packaging.

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Flexible Foam Market Segment Analysis - By Application

Furniture and Upholstery held the largest share in the Flexible Foam market in 2020. Increasing disposable income in developing countries, coupled with changing customer purchasing habits due to changing lifestyles, would stimulate the demand for furniture & upholstery, which will, in turn, drive the demand for the flexible foam sector. The growth of the industry is driven by growing investments in residential construction, backed by technological innovations providing highly robust, durable, air-permeable and lightweight furniture. Growing demand for memory and viscoelastic foam in bedding and mattress products in both developed and emerging economies would further drive product demand.

Flexible Foam Market Segment Analysis - By End Use

Transportation is projected to witness the highest share in Flexible Foam market in 2020 and is expected to grow by 7.2%. In the transportation industry, flexible Foam is commonly used for seating, headrests, armrests, HVAC parts, interior panels and skins, car and truck fenders, truck beds and run-flat tire support rings, headliners and other interior structures. Recent advances in automotive polyurethane technology are leading to improved weight reduction, passenger comfort, absorption of energy and sound, stability, resistance to moisture and heat and compressive strength in vehicles.

Flexible Foam Market Segment Analysis - By Geography

Asia-Pacific (APAC) dominated the Flexible Foam market growing at CAGR of 40% followed by North America and Europe. Rapid industrialization in emerging economies such as China and India is expected to fuel the sliding demand for flexible foam in the region. Market growth will be influenced by increasing product demand from the region's diverse end-user industries such as furniture, packaging, consumer goods and automotive. Increasing the penetration of green building technology into the construction sector would fuel regional growth, along with rapid growth in the automotive industry. Because of the increased foreign direct investment in the world, China is expected to dominate the market in the region. Currently, the manufacturing and other related industries have been affected due to COVID-19 pandemic where most of the industrial activity has been temporarily shut down. In turn has affected the demand and supply chain as well which has been restricting the growth in the year 2020.

Flexible Foam market Drivers

Properties and Increasing demand for end-use industry.

Various features offered by Flexible Foam, such as durability, relative clarity, resilience and others are another factors expected to increase the adoption of Flexible Foam, which in turn, is expected to drive growth in the target market over the forecast period. In addition, the growing demand for flexible foam in furniture and upholstery applications is another factor expected to increase the demand for additives which in turn, is expected to drive growth in the near future.

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Flexible Foam market Challenges

Volatility in Raw Material Prices will restrict market growth.

Polyurethane foam is expensive due to the fluctuating raw material prices, which act as a major restraint for the market. Changes in the demand and supply of these raw materials could have a major impact on the polyurethane foam industry. Furthermore, supply disruption has rocked the polyurethane foams market which in turn has augmented the price of polyurethane foam.

Flexible Foam market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Flexible Foam market. In 2020 the Flexible Foam market has been consolidated by the top five players accounting for xx% of the share. Major players in the Flexible Foam market are BASF SE, Covestro AG, Huntsman Corporation, INOAC Corporation, Recticel NV and Others.

Acquisitions/Technology Launches/ Product Launches

In April 2018, Huntsman acquired Demilec, one of North America's leading manufacturers and distributors of spray polyurethane foam (SPF) insulation systems. Demilec's acquisition is consistent with the stated strategy of Huntsman to increase its downstream polyurethane business and exploit its global platform to extend Demilec's SPF formulations portfolio into international markets.

Key Takeaways

Asia Pacific dominates the Flexible Foam market increasing utilization of thermal insulation in the construction industry and increased spending by the private companies in the sector.

The market drivers and restraints have been assessed to understand their impact over the forecast period. The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.

The other key areas of focus include the various applications in Flexible Foam market and their specific segmented revenue

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sandlerresearch · 3 years ago

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Automotive Plastics Market for Passenger Cars by Product Type (PP, PU, PVC, PA), Application (Interior, Exterior, Under Bonnet), Vehicle Type (Conventional Cars, Electric Cars), and Geography - Global Forecast to 2026 published on

https://www.sandlerresearch.org/automotive-plastics-market-for-passenger-cars-by-product-type-pp-pu-pvc-pa-application-interior-exterior-under-bonnet-vehicle-type-conventional-cars-electric-cars-and-geography-global.html

“The automotive plastics market for passenger cars is projected to grow at a CAGR of 7.9% from 2021 to 2026, in terms of value.”

The global automotive plastics market for passenger cars size cars is estimated at USD 21.1 billion in 2021 and is projected to reach USD 30.8 billion by 2026, at a CAGR of 7.9%. during the forecast period 2021 to 2026. The increasing demand for passengers cars owing to an increase in disposable income, changing lifestyles, and growing population in emerging economies are some of the drivers for the automotive plastics market for passenger cars to grow.

“The under bonnet application segment is projected to grow at the highest CAGR during the forecast period.”

Based on application, the under bonnet application is the fastest-growing segment of the automotive plastics market for passenger cars. with the increasing demand for passenger cars, the demand for plastic powertrain components such as housing and electric motor casing is likely to increase. Also, other factors responsible for the market growth include battery thermal management systems that require high-quality polymer casing and the deployment of lightweight components for electric motor. New plastic innovations in the electric powertrain such as adoption of polymer in the cooling concept of electric motor housing material are likely to result in the growth of advanced plastics used for under bonnet components.

“The PU product type segment is the largest market in 2020”

PU is the largest product type segment in the automotive plastics market for passenger cars. PU is a strong and light material that helps designers and manufacturers design seating and other components that can be assembled, disassembled, and recycled. They are available in a wide range of stiffness, hardness, and densities, and are used in seats, steering wheels, automotive suspension bushings, carpet backing, seat overlays, head & armrests, airbag covers, acoustic insulations and insulation panels. Polyurethane is the most durable and can be recycled, thereby finding plenty of applications in automotive plastics for passenger cars. Polyurethanes help in improving the quality, safety, and cost-effectiveness of modern cars. The developing economies of APAC, such as China and India, are driving the demand for polyurethanes owing to the increase in car production in these countries.

“Asia Pacific is projected to grow the highest CAGR in the automotive plastics market for passenger cars during the forecast period.”

Asia Pacific is the largest and fastest-growing market in the automotive plastics market for passenger cars. It is the largest market because of the increased use of plastics in the vehicles produced in China, Japan and India. The vehicle production in these countries is growing at a rapid rate because of the presence of major automotive players such as Honda, Toyota, Hyundai, Maruti Suzuki and Nissan. Manufacturers such as BMW and Volkswagen have already set up manufacturing units in these countries. In terms of geography, Asia has the highest sales of automotive, making it the largest market for plastic for passenger cars. Such factors are expected to fuel the growth of the automotive plastics market for passenger cars in the region.

Profile break-up of primary participants for the report:

By Company Type: Tier 1 – 30%, Tier 2 – 43%, and Tier 3 – 27%

By Designation: C-level Executives – 21%, Directors – 23%, and Others – 56%

By Region: Asia Pacific – 41%, Europe – 30%, North America – 18%, and South America, Middle East & Africa – 11%,

Furthermore, as a part of the qualitative analysis of the automotive plastics market for passenger cars, the research provides a comprehensive review of drivers, restraints, opportunities, and challenges influencing the growth of the market across the globe. It also discusses competitive strategies adopted by the leading market players such as BASF SE (Germany), SABIC (Saudi Arabia), LyondellBasell Industries Holdings BV (Netherlands), LG Chem (South Korea), DuPont (US), Covestro AG (Germany), Evonik Industries AG (Germany), Solvay (Belgium), Arkema SA (France), Borealis AG (Austria), LANXESS (Germany), DSM (Netherlands), Toray Industries Inc. (Japan), Mitsui Chemicals (Japan), Celanese Corporation (US), Toyota Boshoku Corporation (Japan), Faurecia SA (France), TOYODA GOSEI Co., Ltd. (Japan), INEOS (UK) Sumitomo Chemicals Co. (Japan), Ltd., UBE Industries (Japan), Mitsubishi Engineering Plastics Corporation (Japan), Formosa Plastics Corporation (Taiwan), EMI Chemi Holdings (China), and Momentive Performance Materials (US), AGC Chemicals Americas Inc (US), Chevron Phillips Chemicals (US), BRASKEM (US), PTT Global Chemical (Thailand), Hanwha Chemical (Thailand), Stratasys (Israel), APPL Industries Ltd (India), KRAIBURG Holding GmbH & Co. Kg (Germany), Saint-Gobain Group (France), AG Industries Pvt Ltd (India) are the key players in the automotive plastics market.

Research Coverage:

The report defines, segments, and projects the size of the automotive plastics market for passenger cars based on product type, vehicle type, application, and region. It strategically profiles the key players and comprehensively analyzes their market share and core competencies. It also tracks and analyzes competitive developments such as new product launches, joint ventures, acquisitions, partnerships and expansions undertaken by them in the market.

Key Benefits of Buying the Report:

The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the automotive plastics market for passenger cars and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.

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