市场调查报告书
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全球汽车泡棉市场 - 2024-2031Global Automotive Foams Market - 2024-2031 |
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概述
2023年全球汽车泡棉市场规模达299.8亿美元,预估至2031年将达531.4亿美元,2024-2031年预测期间复合年增长率为7.42%。
全球汽车产业的扩张预计将成为推动市场的主要因素。在全球范围内,由于廉价汽车的出现、电子商务行业的蓬勃发展以及出行和物流服务运营商的不断壮大,汽车行业一直呈现出良好的趋势。
消费者对电动车的需求不断增长,以及美国政府制定的 2030 年实现全面电气化的雄心勃勃的目标,极大地促进了该国汽车行业的扩张。因此,这可以刺激对汽车泡沫的需求,从而创造有利的市场成长结果。
中国政府努力促进经济发展,例如降低汽车税,增加了汽油动力汽车的销售,显示汽车泡沫的市场前景良好。中国政府与电动车生产商目前就延长补贴进行的谈判预计将提高电动车销售并对中国的汽车泡沫销售产生正面影响。
动力学
汽车产量和电动车销量的成长
根据国际汽车製造商组织(OICA)的数据,2022年全球汽车产量成长6%,总计8,501万辆。这种成长标誌着一种积极的趋势,预计将推动汽车泡沫的需求,汽车泡沫在减轻车辆重量和提高效率方面发挥着至关重要的作用。
同时,根据 EV Volumes 的报告,纯电动车 (BEV) 和插电式混合动力车 (PHEV) 的全球销量激增至 1,050 万辆,与前一年相比增长了 60%。国际能源总署 (IEA) 预测,到 2030 年,全球电动车销量将达到 1.25 亿辆,不包括两轮和三轮汽车。总体而言,儘管原材料价格波动带来了挑战,但汽车产量和电动车销量的成长将显着增加对汽车泡沫的需求。
原物料价格波动
应对原物料价格波动为汽车泡棉市场带来了重大障碍。聚氨酯、聚乙烯和聚丙烯等原料对于汽车泡棉的生产至关重要。然而,这些产品的价格可能受到供需、地缘政治动盪和天气相关事件等因素的影响,从而容易受到市场波动的影响。
鑑于原材料成本不可预测的波动,製造商可能面临维持一致定价的挑战。反过来,这可能会影响他们的盈利能力并限制他们扩展或投资创新技术的能力。此外,原物料价格可能受到环境问题的影响。作为市场趋势的观察者,值得注意的是,由于近期德州严寒天气引发油价飙升,汽车泡沫关键成分聚氨酯的成本大幅上涨。价格的突然飙升可能会对供应链产生重大影响,可能会影响企业履行客户订单的能力。
高效率的供应链管理技术对于製造业企业减轻原物料价格波动的影响至关重要。探索减少对传统石油原料依赖的方法包括寻找替代来源、开发新来源以及研究更永续的材料。
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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