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]:
·
Interior
·
Under the Hood
By Product Type [Volume (Kilotons) and $M shipment analysis
from 2013 to 2024]:
·
PU Foam
·
Elastomeric Foam
·
Glass Wool
·
Others
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
– Canada
– Mexico
·
Europe
– Germany
– United
Kingdom
– Italy
– France
·
Asia Pacific
– China
– South
Korea
– Japan
– India
·
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
helpdesk@lucintel.com. Lucintel offerings
include chemical
market research reports, chemical
industry analysis report, commercial due diligence
report, business
strategy consulting and market
research reports online.
About Lucintel
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?
No comments:
Post a Comment