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Opportunities For The Global Automotive Insulation Market To Reach $2.5 Billion By 2024
According to a new market report published by Lucintel, the future of the global automotive insulation market looks promising with opportunities in the passenger car and light commercial vehicle market. The global automotive insulation market is expected to reach an estimated $2.5 billion by 2024 with a CAGR of 3.5% from 2019 to 2024. The major drivers for this market are growth in automotive production and increasing demand for materials which provide high acoustic insulation and energy efficiency.
In this market, PU foam, elastomeric foam, and glass wools are used for thermal and acoustic insulation in vehicles. Lucintel forecasts that PU foam will remain the largest segment over the forecast period due to its light weight and higher thermal efficiency.
Within the automotive insulation market, passenger car segment is expected to remain the largest market and it is expected to witness highest growth over the forecast period due to increasing demand of compact and mid-size cars with low noise and higher vehicle comfort.
Europe will remain the largest region over the forecast period due to the stringent environmental protection regulations. Asia Pacific is expected to witness the highest growth over the forecast period due to increasing demand for small cars in China and India.
Emerging trends, which have a direct impact on the dynamics of the industry, include deployment of polyurethane nano-foams and development of fourth generation blowing agents. Recticel, BASF, Armacell, Saint-Gobain, SoundTech Inc., Aeroflex Company Limited, UFP Technologies, Johns Manville, Avon Group Manufacturing, Siderise Group, and Covestro are the major suppliers of automotive insulation.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive insulation market by product type, function, application, vehicle type, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Automotive Insulation Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global automotive insulation market by product type, function, by application, by vehicle type, and by region as follows:
By Application [Volume (Kilotons) and $M shipment analysis from 2013 to 2024]:
• Under the Hood
By Product Type [Volume (Kilotons) and $M shipment analysis from 2013 to 2024]:
• PU Foam
• Elastomeric Foam
• Glass Wool
By Function [Volume (Kilotons) and $M shipment analysis from 2013 to 2024]:
• Acoustic Insulation
• Thermal Insulation
By Vehicle Type [Volume (Kilotons) and $M shipment analysis from 2013 to 2024]:
• Passenger Vehicle
– Small Car
– Compact Car
– Mid-Size Car
– Large Car
– SUV & Crossover
• Light Commercial Vehicle
By Region [Volume (Kilotons) and $M shipment analysis for 2013 – 2024]:
• North America
– United States
– United Kingdom
• Asia Pacific
– South Korea
• The Rest of the World
This 206-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or firstname.lastname@example.org. Lucintel offerings include chemical market research reports, chemical industry analysis report, commercial due diligence report, business strategy consulting and market research reports online.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global automotive insulation market by product type (PU foam, elastomeric foam, glass wool, and others), by function (acoustic insulation and thermal insulation), by vehicle type (passenger vehicle and light commercial vehicle) and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
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