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 decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $2 billion by 2025 with a CAGR of 3% to 5% from 2020 to 2025. The major drivers for this market are growth in automotive production and increasing demand for materials which provide high acoustic insulation and energy efficiency.
Browse 127 market data tables and 152 figures spread through 206 pages and in-depth TOC on “Global Automotive Insulation Market”
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In this market, different types of automotive insulation such as PU foam, elastomeric foam, glass wool, and others are used as product type. 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 automotive insulation 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 and others are among the major automotive insulation manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed 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 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a 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, application, vehicle type, and region as follows:
By Application [Volume (Kilotons) and $M shipment analysis from 2014 to 2025]:
InteriorUnder the Hood
By Product Type [Volume (Kilotons) and $M shipment analysis from 2014 to 2025]:
PU FoamElastomeric FoamGlass WoolOthers
By Function [Volume (Kilotons) and $M shipment analysis from 2014 to 2025]:
Acoustic InsulationThermal Insulation
By Vehicle Type [Volume (Kilotons) and $M shipment analysis from 2014 to 2025]:
Passenger VehicleSmall CarCompact CarMid-Size CarLarge CarSUV & CrossoverLight Commercial Vehicle
By Region [Volume (Kilotons) and $M shipment analysis for 2014 – 2025]:
North AmericaUnited StatesCanadaMexicoEuropeGermanyFranceUnited KingdomItalyAsia PacificChinaIndiaJapanSouth KoreaThe 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 click on this link https://www.lucintel.com/automotive-insulation-market.aspx or email@example.com.
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.