Global Polyurethane-Based Foams in Automotive Market to Reach $19,798.3 Million by 2031

Global Information, Inc. [JASDAQ 4171]

Polyurethane-based foams have been developing significantly since the 1950s, and much can be attributed to the technological advancements in this field. The ecosystem of the polyurethane-based foams in automotive market comprises automotive seating manufacturers, automotive panel manufacturers, OEM manufacturers, and end users.

Some major features of polyurethane-based foam make its adoption preferable in the automotive industry, such as light in weight, durable, versatile, recycled, and excellent sound absorbing and vibration dampening qualities.

The global polyurethane-based foams in automotive market was valued at $10,710.0 million in 2020 and is expected to reach $19,798.3 million by 2031, growing at a CAGR of 5.77?tween 2021 and 2031. The demand for polyurethane-based foams varies according to various regions. The polyurethane-based foams in automotive market holds a prominent share in various countries of North America, South America, Europe, U.K., China, Asia-Pacific, and the Middle East and Africa, among which Asia-Pacific is expected to account for the highest share of the global polyurethane-based foams in automotive market, owing to a significant number of automotive manufacturers such as Toyota Motor Corporation, Honda Motors, Hyundai, Kia, Nissan, and others.

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

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