Automotive Foams Market Surge Valuation Of USD 50.44 Billion By 2025 : Grand View Research Inc.
San Francisco, 25 October 2019: The Report Automotive Foams Market Size, Share & Trends Analysis Report By Type (Polyurethane, Polyolefin), By Application (Seating, Door Panels), By End Use (Cars, LCV, HCV), By Region, And Segment Forecasts, 2019 – 2025 The global automotive foam market size is anticipated to reach USD 50.44 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 9.8% during the forecast period. Growing population, disposable income, and purchasing power parity in emerging economies of Asia Pacific are expected to propel demand for automobiles over the forecast period, thus impacting the market for automotive foam. Transitioning lifestyles and wide availability of low-end sports models have positively impacted automotive demand from 2014 to 2017. Easy financing of automobiles owing to the EMI concept with attractive interest rates made it simpler and affordable for a medium income group consume