市場調查報告書
商品編碼
1575801
全球汽車泡棉市場 - 2024-2031Global Automotive Foams Market - 2024-2031 |
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概述
2023年全球汽車泡棉市場規模達299.8億美元,預估至2031年將達531.4億美元,2024-2031年預測期間複合年成長率為7.42%。
全球汽車產業的擴張預計將成為推動市場的主要因素。在全球範圍內,由於廉價汽車的出現、電子商務行業的蓬勃發展以及出行和物流服務營運商的不斷壯大,汽車行業一直呈現出良好的趨勢。
消費者對電動車的需求不斷成長,以及美國政府制定的 2030 年實現全面電氣化的雄心勃勃的目標,極大地促進了該國汽車行業的擴張。因此,這可以刺激對汽車泡沫的需求,從而創造有利的市場成長結果。
中國政府努力促進經濟發展,例如降低汽車稅,增加了汽油動力汽車的銷售,顯示汽車泡沫的市場前景良好。中國政府與電動車生產商目前就延長補貼進行的談判預計將提高電動車銷售並對中國的汽車泡沫銷售產生正面影響。
動力學
汽車產量和電動車銷量的成長
根據國際汽車製造商組織(OICA)的數據,2022年全球汽車產量成長6%,總計8,501萬輛。這種成長標誌著一種積極的趨勢,預計將推動汽車泡沫的需求,汽車泡沫在減輕車輛重量和提高效率方面發揮著至關重要的作用。
同時,根據 EV Volumes 的報告,純電動車 (BEV) 和插電式混合動力車 (PHEV) 的全球銷量激增至 1,050 萬輛,與前一年相比成長了 60%。國際能源總署 (IEA) 預測,到 2030 年,全球電動車銷量將達到 1.25 億輛,不包括兩輪和三輪汽車。總體而言,儘管原料價格波動帶來了挑戰,但汽車產量和電動車銷量的成長將顯著增加對汽車泡沫的需求。
原物料價格波動
應對原物料價格波動為汽車泡棉市場帶來了重大障礙。聚氨酯、聚乙烯和聚丙烯等原料對於汽車泡棉的生產至關重要。然而,這些產品的價格可能受到供需、地緣政治動盪和天氣相關事件等因素的影響,從而容易受到市場波動的影響。
鑑於原料成本不可預測的波動,製造商可能面臨維持一致定價的挑戰。反過來,這可能會影響他們的盈利能力並限制他們擴展或投資創新技術的能力。此外,原物料價格可能受到環境問題的影響。作為市場趨勢的觀察者,值得注意的是,由於近期德州嚴寒天氣引發油價飆升,汽車泡沫關鍵成分聚氨酯的成本大幅上漲。價格的突然飆升可能會對供應鏈產生重大影響,可能會影響企業履行客戶訂單的能力。
高效率的供應鏈管理技術對於製造業企業減輕原物料價格波動的影響至關重要。探索減少對傳統石油原料依賴的方法包括尋找替代來源、開發新來源以及研究更永續的材料。
Overview
Global Automotive Foams Market reached US$ 29.98 billion in 2023 and is expected to reach US$ 53.14 billion by 2031, growing with a CAGR of 7.42% during the forecast period 2024-2031.
The expansion of the worldwide automotive sector is expected to be the primary factor propelling the market. Globally, the automobile industry has been experiencing a favorable trend owing to the emergence of affordable vehicles, the flourishing e-commerce sector, and the growing presence of mobility and logistics service operators.
The increasing consumer demand for electric vehicles and the ambitious goals established by the US government to achieve full electrification by 2030 have significantly bolstered the expansion of the automotive industry in the nation. Therefore, this can stimulate the demand for automobile foams, thereby creating a favorable market growth outcome.
The Chinese government's attempts to promote its economy, such as decreased car taxes, have increased the sales of gas-powered automobiles, indicating a favorable market outlook for automotive foams. The current negotiations between the Chinese government and electric car producers to prolong subsidies are anticipated to enhance electric vehicle sales and positively influence automotive foam sales in the country.
Dynamics
Rise in Vehicle Production and EV Sales
In 2022, global vehicle production increased by 6%, totaling 85.01 million units, according to the International Organization of Motor Vehicle Manufacturers (OICA). This growth signals a positive trend that is expected to drive demand for automotive foams, which play a crucial role in reducing vehicle weight and enhancing efficiency.
Simultaneously, global sales of Battery Electric Vehicles (BEVs) and plug-in Hybrid Electric Vehicles (PHEVs) surged to 10.5 million units, reflecting a remarkable 60% growth compared to the previous year, as reported by EV Volumes. Projections by the International Energy Agency (IEA) indicate that global electric vehicle sales could reach 125 million by 2030, excluding two- and three-wheelers. Overall, the rising vehicle production and EV sales are set to significantly boost the demand for automotive foam, despite challenges posed by raw material price volatility.
Raw Material Price Volatility
Dealing with the fluctuating prices of raw materials poses a significant hurdle for the automobile foam market. Raw ingredients such as polyurethane, polyethylene, and polypropylene are crucial for the production of automotive foam. However, prices of these products can be influenced by factors such as supply and demand, geopolitical unrest, and weather-related events, making them vulnerable to fluctuations in the market.
Given the unpredictable fluctuations in raw material costs, manufacturers may face challenges in maintaining consistent pricing. This, in turn, can impact their profitability and limit their capacity to expand or invest in innovative technologies. In addition, raw material prices can be influenced by environmental concerns. As an observer of market trends, it's worth noting that the cost of polyurethane, a key ingredient in vehicle foam, has surged due to the recent spike in oil prices triggered by the severe cold weather in Texas. Such a sudden surge in prices can have significant consequences on the supply chain, potentially impacting businesses' ability to fulfill customer orders.
Efficient supply chain management techniques are crucial for manufacturing companies to mitigate the impact of raw material price fluctuations. Exploring ways to reduce dependence on traditional petroleum-based raw materials can include seeking out alternative sources, developing new sources, and researching more sustainable materials.
The global automotive foams market is segmented based on type, application, end-user and region.
Based On The Application, The Interior Sub-Segment Dominated The Market
Internally, automotive foams find primary use in dashboards, chassis components, cable sheathing, headrests, steering wheels, gear knobs, seats, bumpers, door trims, and various other uses. Particulate polyurethane foam is the predominant foam utilized globally for these purposes. This foam offers advantages such as insulating attributes, cushioning, window encapsulation, and acoustical characteristics.
The lightweight nature of these foams facilitates a reduction in the overall weight of the vehicle, therefore enhancing fuel efficiency and mitigating emissions. Through the provision of acoustical insulation characteristics, these foams effectively mitigate noise levels within the vehicle, so enhancing the driving experience. Therefore, polyurethane foams have become increasingly popular among manufacturers for a range of interior uses in internal combustion engines (ICEs) and electric vehicles (EVs).
In May 2022, King Long United Automotive (SuZhou) Co., Ltd., a prominent bus manufacturer in China, collaborated with BASF SE to create a water-blown polyurethane insulation spray foam called Elastoflex CE 3651/108. This foam will be utilized for insulating components and the inside of commercial buses.
The Rising Automotive Sector In Asia-Pacific
Asia-Pacific emerged as the dominant area in the worldwide automotive foams market. The vehicle sector in the region is projected to be driven by the growth in purchasing power, surging consumer demand for personal mobility, and the introduction of cost-effective models by automotive manufacturers. China is widely recognized as the greatest automotive market in terms of both production capacity and yearly sales generated.
Based on the statistics from the International Trade Administration, it is projected that domestic production will reach 35 million automobiles by 2025. COVID-19. The recurrence of the 19 trends in China in March 2022 has led to a decrease in the projected vehicle sales target for 2022, as reported by the China Association of Automobile Manufacturers.
The economic stimulus measures implemented by the Chinese government, including as the reduction of car tax, have led to a surge in the sales of gasoline-powered vehicles. Furthermore, the current negotiations between the Chinese government and electric vehicle manufacturers to prolong the subsidies for electric vehicles are anticipated to lead to improved sales of electric vehicles and have a favorable effect on the sales of automotive foams in the country.
The major global players in the market include Armacell, BASF SE, Woodbridge, Dow, DuPont, Recticel NV, Borealis AG, Johnson Controls, Bridgestone Corporation, Saint Gobain, Paul Bauder GmbH & Co. KG, CT Formpolster GmbH, Vita (Holdings) Limited, GF. Manufacturing Co., Ltd, and Huntsman International LLC.
The ongoing conflict between Russia and Ukraine has had a notable influence on various sectors, including the automotive industry and specifically the automotive foam sector. The ongoing pandemic has further compounded the existing supply chain challenges, with the war only exacerbating the situation. There are currently shortages of raw materials, semiconductor chips, and EV batteries.
Due to the war, export sanctions have been imposed, causing certain OEMs and suppliers to cease trading with Russia. Output cuts from automakers such as Jaguar Land Rover and Honda have been a direct result of the war. According to certain research findings, it is projected that the ongoing war may result in a significant decrease in global vehicle production, potentially reaching up to a million units.
Given the current situation, it's worth noting that the war has had a significant impact on commodity demand and prices. As a result, there is a possibility that consumer demand could be affected as well. In the wake of the war, the automotive industry has undergone significant changes, as Western manufacturers have exited the market, creating opportunities for Chinese companies to step in and fill the void. As an illustration, light-vehicle sales in Russia experienced a significant decline of 58.8% in 2022 compared to the previous year. However, it is worth noting that Chinese automakers are capitalizing on this situation by ramping up their exports to the country
The global automotive foams market report would provide approximately 71 tables, 54 figures, and 224 pages
Target Audience 2024
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