Polymer Products to Overtake Balsa Products Due to More Advanced Properties: Ken Research

Balsa is one of the fastest growing lightweight wood species which is native to South America. Majority of the balsa wood used in Europe is commercially harvested from plantations. Due to its fast growth, the wood density is very low, making balsa the lightest commercial timber available. Balsa wood is used in many industrial applications such as aerospace, defense, as renewable energy, marine, rail and road transport facilities. Few major drivers supporting the growth of balsa wood market in Europe are the booming wind turbine industries, growing defense activities, growth in aerospace industry, expanding marine sectors, growing demand of weight saving composite to increase the efficiency of land transport. The other properties of balsa wood are strength, versatility, high impact strength, good sound and thermal insulation, excellent fatigue resistance and a wide operating temperature range which are added advantages compared to other materials. Balsa is botanically termed as Ochroma Pyramidale is the lightest commercial timber available in European market. Based on the appearance of grain in wood, they are categorized as grain A, gain B and grain C types. Grain B type of balsa wood is extensively used and accounts for the largest market share in Europe. Grain B segment is used for all-purpose balsa items. Balsa wood possesses commercial importance due to its exceptional lightweight and insulating properties. 

According to the study “Europe Balsa Wood Industry Situation and Prospects Research report”, balsa wood is used as a core material in structural sandwich panels, in wind turbine blades to boats and aircraft. The wood is spongy in texture which makes it light and soft. Balsa wood is used in making makeshift pens for calligraphy, used in laminates together with glass-reinforced plastic fiberglass for making high-quality balsa surfboards, ship decks, building boats such as pleasure crafts. The leading vendors in Europe’s balsa wood industry are 3A Composites (Switzerland), Gurit (Spain) and DIAB International AB (Sweden). Geographically, Europe balsa wood industry is spread across Germany, Russia, UK, France, Italy and other regions.

It was observed that there is less demand for balsa wood but will witness a gradual growth over the next few years due to the increasing demand for lightweight and durable wood in marine, aircraft and wind energy industries. Europe accounts for a largest market share due to the presence of large number of balsa wood processors, cheap labor cost and increasing applications. There is a heavy competition from polymers which are durable and convenient to use, which may restrain the growth of European balsa wood market in the next few years.

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Demand for Bio-Pesticides Coupled with European Food Security to Boost Azadirachtin Industry-Ken Research

According to the study “Europe Azadirachtin Industry Situation and Prospects Research Report”, Europe is focussed, encouraging as well as supporting bio-pesticides development to avoid harmful consequences with the use of chemical pesticides. This trend has stabiled European azadirachtin market with a positive growth over the past few years. It was observed that there are many registered manufacturers who are promoting azadirachtin in Europe. Yu Rong Chang, Green Gold, Agro, Ozone Biotech, Vanashree, Yash Chemicals, and The Himalaya Drug Company are the leading players in Europe’s azadirachtin market. Azadirachtin is extracted using various methods such as solvent extraction, supercritical fluid extraction and microwave extraction. Other than agricultural needs, azadirachtin is also used in personal care products, deworming products and others.

Azadirachtin is a botanical pesticide or bio-pesticide that is safe for humans and other mammals living on Earth. It is a secondary metabolite present in neem tree seeds. Azadirachtin is a yellowish powder extracted from the neem seed kernels and is used for management of agriculturally important pests, after extracting neem oil. Pesticide azadirachtin belongs to tetracyclic triterpenoid compounds and is recognized worldwide as a broad-spectrum insecticide. The pesticide has high efficiency, low toxicity, easy bio-degradation and fewer residues. Azadirachtin is used to prevent more than 400 pests of 10 orders in agriculture, forestry, warehousing and health. Due of its special effect on lepidoptera and coleoptera there is no harm to humans, animals and environment.

Azadirachtin is a naturally occurring substance that belongs to an organic molecule class called tetranortriterpenoids. It controls the process of insect metamorphosis in agricultural farms by stopping insect's or pests life cycle. Residual of azadirachtin insecticide is evident on crops for 7 to 10 days or longer. Azadirachtin is used to control whiteflies, aphids, thrips, fungus gnats, caterpillars, beetles, mushroom flies, mealy bugs, leaf miners, gypsy moths and others on food, greenhouse crops, ornamentals and turf. Azadirachtin is harmless to spiders, butterflies, and insects such as bees that pollinate crops and trees, ladybugs that consume aphids and wasps that act as parasites on various agricultural crops.

Europe azadirachtin industry is witnessing a double digit growth over the past years due to more consumption in agricultural sector. The affordability of azadirachtin bio-pesticide and increasing sales within Europe’s azadirachtin market has witnessed a continuing growth. There is an increasing demand for natural and organic bio pesticides in European agricultural sector due to the rise in awareness about the use of chemical-free and less toxic pesticides. There is a huge demand for efficient bio pesticides and the increase in stringent regulations on the use of toxic chemical-based pesticides is driving the azadirachtin industry. Moreover, it was observed that there is an increasing demand for food security with the availability of agricultural land that propels the growth of azadirachtin industry. Europe accounts for a major share in azadirachtin industry. Rise in investments in R&D activities are expected to pose lucrative opportunities in European azadirachtin industry over the next few years.

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Industrialization to Drive Asia’s Fiber Coatings Industry : Ken Research

According to the study “Asia Fiber Coatings Industry Situation and Prospects Research report”, fiber coatings market is segmented on the basis of types such as optical fiber coatings, fiber glass coating and carbon fiber coating. The end-user industries of fiber coatings in Asia are electronics, textiles, automotive, aerospace, oil and gas industries. Geographically, Asia fiber coatings market is spread across China, India, Japan, Korea, Saudi Arabia and other regions. The leading players in fiber coatings market in Asia are DSM, PPG Industries, DOW Coating Materials, AFE Technology Coatings, KRUSS GmbH, Hexion and Corning.

Fiber coatings are used in electronics automotive, aerospace, textiles, oil and gas industries. Asian fiber coatings market has witnessed a considerable growth over the past few years and will continue due to the demand of carbon fiber coatings in aerospace and automotive industries. The ongoing research and development coupled with technological breakthroughs in the area of cost-effective production and processing had fuelled the fiber coatings market over past few years. Fiber coatings are used to coat parts of a particular body with colourer a clear lacquer to protect the coated substrate from UV degradation. Asian automobile manufacturers are focussing on using lightweight aluminium and carbon fibers to achieve superior fuel economy vehicles. This trend has led to many transformations in the process of treating and coating auto parts which is a challenging task. Majority of the of the fiber coating workshops deploy electrostatic systems that creates even coverage coats and a lesser overspray than gravity driven processes.

Fiber coatings are used for coating heavy or light duty products within the end-user industries. Fluctuating raw material prices is the major market challenge within the fiber coatins market in Asia. The development of bio-based fiber coatings and stringent regulations are driving the market in Asia. Fluctuating growth in various industries such as automotive and shipbuilding coupled with large infrastructural investments in emerging economies is expected to drive the growth of the fiber coatings. Fiber coatings provides many advantages such as reduced weight, higher processing speed, and less emissions of volatile organic compounds, thereby enhancing the demand for fiber coatings.

The increasing consumer’s disposable income and urbanization are the key factors affectinh the fiber coatings market. Asia accounts for a largest share in fiber coatings market due to industrialization. Emerging economic conditions are propelling the need for fiber coatings. The increasing consumption of for various applications is encouraging the market towards expansion in various sectors attracting huge recognition and this trend will continue over the next few years in Asian markets.

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Eco-Friendly Sustainable Materials to Intensify Asia Fiber Based Packaging Industry: Ken Research

According to the study “Asia Fiber Based Packaging Industry Situation and Prospects Research report”, the fiber based packaging industry is segmented into various types such as corrugated boxes, cartons, partitions, inserts, bottles carriers, cup carriers, trays, plates, clamshells, display packaging, bags, sacks and others. The materials used in the manufacture of fiber based packagings are corrugated, boxboard/carton board, moulded pulp, and kraft paper. Various end-users of fiber based packagings are food packaging, beverages packaging, tobacco packaging, healthcare packaging, personal care & cosmetics, homecare & toiletries, electrical & electronics, other industrial packaging, e-commerce packaging, chemical and fertilizers. Corrugated boxes are used for various packaging needs and are mainly used in transit packaging across several industry sectors. Asian fiber based packaging market is segmented into virgin and recycled by material source. Recycled fiber segment is likely to dominate the Asian markets accounting for a major share. Within the fiber based packaging market, cartons hold significant share in the market as they are widely preferred for primary packaging in food and beverages, cosmetics and personal care, pharmaceuticals, etc.

Evolution is a continuing process within the packaging industry.  Packaging serves multiple functions such as physical protection, product marketing, tamper evidence, theft protection, durability, and portion control. From the past few years sustainability was made essential in packaging solutions driving for more growth in the Asian markets. Environmental impact of non-recyclable materials has led to a demand for eco-friendly packagings adhering to the environmental protection guidelines. Fiber based packaging utilizes renewable, reusable or biodegradable materials in the process of product packaging. Millennials prefer packaging to be sustainable due to awareness of environmental degradation. Fiber based packaging is attractive and consumers are willing to invest and pay more for the same.

Geographically, Asia fiber based packaging market is spread across China, Japan, India, Korea, Saudi Arabia and other region. The leading players in Asia fiber based packaging market are International Paper Company, DS Smith Plc, Huhtamaki Oyj, Smurfit Kappa Group PLC, Sonoco Products Company, WestRock Company, Georgia-Pacific LLC, Pratt Industries Inc., Reynolds Group Holdings Ltd., U.S. Corrugated, Inc., UFP Technologies, Inc., ESCO Technologies Inc., Brodrene Hartmann A/S, KapStone Paper and Packaging, Mayr-Melnhof Karton AG, Rengo Co., Ltd., Mondi Group, Stora Enso and AR Packaging Group AB. Leading players are investing heavily in research and development for more innovative products to meet the increasing demands. The fiber based packaging market has witnessed extraordinary growth in the recent years due to increasing applications across several end-use industries. Corrugated boxes account for more than 50% of the fiber based packaging market amongst all type of fiber based packaging materials. Food packaging accounts for a major share because Asia is anticipated to emerge as the most lucrative market in terms of both value and volume over the next few years.

A shift in consumer preferences for light weight, cost effective materials and easy availability of raw materials has resulted in the impressive growth of Asian fiber based packaging market.  Fiber based packagings employ highly automated machines for the design of paperboard products which substantially reduces labour and packaging costs. The growing concerns of global warming are also having a positive impact on the growth of global fiber based packaging market. Almost all manufacturers and consumers are focussing on eco-friendly packaging solutions. Fiber based packagings are utilizes biodegradable material obtained from natural sources that are sustainable in the long run. Additionally, emerging economies are strictly monitor plastic packaging solutions and encouraging the use of bio-degradable packaging solutions.

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Rise in Demand of Electronic Grade Fiber Glass Industry Market Outlook: Ken Research

Electric grade fiber glass is mostly used in manufacturing of automobile and aircraft body parts owing its lightweight properties is estimated to drive the market growth. Not only has this, having high strength also drive its demand more effectively in the market majorly due to application of electric grade fiber glass such as building and construction, electronics, automotive, aerospace and others has led to positive demand for electric grade fiber glass in the current scenario. Furthermore the electric grade fiber glass is classified into two segments of the market such as general fiber glass and special fiber glass. In addition, extensive use of electric grade fiber glass in construction is likely to further propel the market over next coming few years.

In Asia-Pacific region, demand for electric grade fiber glass in developing countries has largely increased due to rise in construction activity. This is one of the major reasons for growth in global electric grade fiber glass market. The electric grade fiber glass market can be further sub-divided on the basis of support of material, usage type, end-use industry and others. Furthermore the market of electric grade fiber glass can also be classified on the basis of residential, commercial, and industrial sector. According to the study, ‘Asia Electronic Grade Fiber Glass Industry Situation And Prospects Research Report’ some of the major companies which are currently operating in this market efficiently includes BGF Industries, Hexcel, JPS, Porcher, Polotsk, Isola Group, Nittobo, Nippon electric glass, PPG Industries, LANXESS, Nihon Glass Fiber Industrial Co., Ltd., Atlanta Fberglass, AGY, Goa Glass Fiber Ltd, Chongqing Polycomp International Corp, Taibo Group, Jushi Group, Shanghai Grace, Zhuhai gongkong Fiber Co. Ltd, Kingboard Chemical Holdings Ltd., Taishan Fiberglass Inc., Linzhou Guangyuan New Material Technology Co., Ltd., Weibo fiber-glass reinforced of plastics, Zhuhai Fuhua composites Co., Jiangxi Changjiang Glass Fiber Co. The key players are focusing on the development of technology and making effective use of the product to acquire the large share in the market. Hence, the massive investment towards the electric grade fiber glass is anticipated to increase the demand in the up-coming years.

The electric grade fiber glass market demand increases geographically which further led the market to grow positively. Moreover the new strategies and enhancement in the investment policies drive the status of the market geographically. However, Asia-Pacific region is also expected to manage a significant share in the global electric grade fiber glass market. Developing countries and automobile sector such as India and China are major consumer of the electric grade fiber glass market. On the other hand, rising disposable income coupled with the presence of key players in Asia Pacific is likely to drive the regional market during the forecast period. In Asia-Pacific region, countries which are optimistic in this market include India, China, Saudi Arabia, Japan, Korea, and others. Therefore the market of electric grade fiber glass is highly competitive with an array of operating players. Increase in demand resulted in higher competition in the market scenario. In future, it is anticipated that there will be boost in the market.

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Growth in Asia Electrophoresis Reagents Industry Market Outlook: Ken Research

Electrophoresis reagents market current scenario represents significant growth. Electrophoresis reagents is a systematic method used frequently in protein analysis and nucleic acid to loose macromolecules such as DNA, RNA and protein based on their charge and size. Extensively, this is used in the field of life sciences, medical diagnostics, drug development, quality testing, genomic & proteomic research, clinical research and others. Not only this, it is widely used as a preparative method prior to sample analysis for a several analytical techniques such as DNA sequencing, southern blotting, mass spectrometry, PCR and others. With all this, based on techniques the electrophoresis can be classified into two segments of market such as Gel Electrophoresis and Capillary Electrophoresis. Moreover, the market is expected to grow in the coming years due to the application of electrophoresis such as protein analysis, DNA & RNA Analysis and others.

Significant growth in this area of industry has led to many companies entering into the market with enhanced technology which are related to the product of electrophoresis reagents. According to the study, ‘ASIA ELECTROPHORESIS REAGENTS INDUSTRY SITUATION AND PROSPECTS RESEARCH REPORT’ some of the major players which are currently operating in this industry for the advancement in the technology and the product includes such as Thermo Fisher Scientific, Bio-Rad Laboratories, Inc., Merck Millipore, qiagen N.V., PerkinElmer, GE Healthcare, Agilent Technologies, Inc., Lonza Group, AG., Takara Bio, Inc., SERVA Electrophoresis. This report also provide the information about the key players of the electrophoresis reagents market such a market share, company profile, production introduction, capacity, production, price, revenue, cost, gross margin analysis 2012-2017 and others.

Moreover, with the expansion strategies and policies of the key players of electrophoresis reagents market has witnessed a rapid growth in the current scenario. Not only has this, the report also covers the key consumers, suppliers and competitive market of the electrophoresis reagents. Market structure of the electrophoresis reagents industry is moderately concentrated as few major players dominates the market in terms of revenue share and less number of small players operating in the market has let to strong positive hold of major players in the market.

Electrophoresis reagents is used in various applications but major portion is dominated by medical, life sciences, research, clinical research and others which hold significant share in the market. Likewise with the array of applications the market share is rising across the globe for electrophoresis reagent market. The new investments and existence of major key players leads to market more competitive and bring new opportunities for the coming players or investors in the forecast period. Moreover, the research and development in this industry plays a significant role in the growth of the electrophoresis reagents.  With all the applications and development in the market electrophoresis reagents has led to geographic growth to the market. Therefore the market of electrophoresis reagent is spread across China, India, Japan, Korea, Saudi Arabia and other regions. However unsurprisingly, Asia-Pacific region is expected to become the growth center for the market majorly due to Japan, China and India is expected to witness a significant positive growth during the forecast period owing to the increase in healthcare awareness, growing demand for advanced technologies, increasing number of academics and research institutions, and others in these countries. Therefore, the future of this industry is expected to witness a positive growth in the coming years.

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Metallic Gaskets to Boost Asian Automobile Gaskets and Seals Market-Ken Research

According to the study “Asia Automotive Gasket and Seal Industry Situation and Prospects Research Report”, advanced technology in automotive sector and the increasing need for better fuel efficient parts and vehicle performance will propel the market for gaskets and seals. Increasing use of gaskets and seals in automotive industry has led to reduction in the maintenance cost of automobiles and improved the lifespan of the automotive components. Majority of the gaskets and seals manufacturers are focussing on improving fuel economy by introducing lightweight, easy to assemble, heat resistant, pressure resistant and improved quality products. Manufacturers are using metallic and non-metallic materials such as metal, plastic polymer, fiber, silicon and rubber.  Therefore, it is predicted that the gaskets and seals market will witness the reign of metallic gasket over the next few years. Gaskets and seals are used in various applications such as cooling applications, transmissions, engine, brakes, fuel supply and batteries. Other types of gaskets and seals are cylinder head gaskets, o-ring seals, valve stem seals, vent seals, plug in seals and rotary seals. Gaskets and seals are used in automobiles that are compact, mid-sized, premium, luxury, commercial, heavy commercial vehicles, and highway vehicles.

Gaskets and seals are the chief components used in automobiles to prevent any fluid and gas leakage. They help in filling the gap between the various automotive components to ensuring zero leakage. Seals majorly prevent the automotive lubricants from escaping the bearings and also avoid dust and other contaminants from entering the automobile machinery. Advanced technology is involved in the manufacturing of gaskets and seals that offer as an effective means to obtain better fuel economy providing less repair and maintenance requirements. Gaskets and seals helps in the improvement of the average life span of any automotive component. Moreover, there are stringent regulations related to maximum limits on emissions as incorporated by Asian automotive agencies that will surely drive the gaskets and seals market. Silicone rubber is a lightweight material which is the preferred material used in the making of gaskets and seals that will reduce the fuel cost and improve automobile efficiency. Almost all the manufacturers in Asia are focusing on the development of gaskets and seals materials that reduce the fuel requirement which can also withstand high heat and pressure.

Gaskets and seals market in Asia is geographically spread across China, Japan, India, Korea, Saudi Arabia and other regions. Dana Limited, Federal-Mogul Corporation, Trelleborg AB, Datwyler, Elringklinger, SKF AB, Smiths Group plc, Victor Gaskets, Freudenberg Sealing Technologies, KG and Flowserve Corporation are the leading vendors in Asian gaskets and seals market. The major factors affecting gaskets and seals market are consumer spending limit, consumers attracted towards low maintenance vehicles, easy access to advanced technology, and awareness of modern automobile components.

Original equipment manufacturers (OME) are investing heavily in research and development to manufacture better products in order to reduce carbon dioxide emissions and develop superior quality automobile materials. Advanced technology in automobiles has increased the complexities in engine design systems driving a growing adoption of more advanced injection moulding systems. Seals manufactured using moulding technique help in reducing friction and leakages which is the major factor that will drive the growth of the automotive seals and gaskets market over the next few years. There is an increasing use of metallic gaskets and seals in other industries such as oil and gas, pharmaceutical, electronics, and automobile that will continue driving the growth of rubber gaskets and seals market. With the aforementioned facts the demand for metallic gaskets and seals will continue in Asian automobiles sector over the next few years.

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Evolution in Green Vehicles in Automotive Sector to Bolster North American Tool Steel Industry Growth: Ken Research

Tool steel is the first choice of automobile makers in North America due to its desired standards of strength and safety. It is the strongest and most affordable material that can be engineered in many ways to meet the increasing automobile needs and performance of a vehicle. The increasing consumption of steel coupled with development in automotive industry is driving North American tool steel industry. All the automobile manufacturers are complying with stringent regulations governing automobile emissions and fuel efficiency. Environmental concerns, target for fuel efficient vehicles and need to reduce emissions are the major factors affecting the tool steel industry.

Carbon steels and alloy steels with different specifications are used in the manufacture of tools used in an automobile industry. These steels are known for their hardness, deformation and resistance to abrasions which drive the tool steel market. Tool steel is used in the manufacture of various cutting tools, such as tool bits, drills, taps, gear cutters, saw blades, planers, jointer blades, milling cutters, router bits, punches, and dies. Tool steel possesses high resistance to wear or tear good thermal conductivity, hardness, cost-effective machine-ability, excellent polishing properties and acid-treatment properties. These properties are suitable for use of tool steel in various industries such as automotive industry, mechanical and plant engineering, power-generation, aviation, food and packaging industries, structural and civil engineering and mining.

According to the study “North America Automotive Tool Steel Industry Situation and Prospects Research report”, majority of the global tool steel manufacturers are investing heavily to produce advanced high-strength steels of light weight and safe to use. Automobile manufacturing involves a lot of theories such as front end crash requirements, manufacturing material should be able to absorb crash energy, and vehicle body material should be able to deflect energy to avoid crumple. Steel possessing such flexibilities and qualities affordably are in huge demand.

Geographically, North American automotive tool steel market is spread across United States, Canada and Mexico. North America accounts for a major market share in tool steel with huge revenue generation. The major players in North America tool steel market are Voestalpine, Schmolz + Bickenbach, Sandvik, Fushun Special Steel, BaoSteel, TG, Nachi-Fujikoshi, Qilu Special Steel, Hitachi, Eramet, Universal Stainless and Hudson Tool Steel. The automotive tool steel industry is segmented into commercial and passenger vehicles. Tool steel is utilized for the production of automobiles tools. Various steels used in the manufacture of tool steel are carbon tool steel, alloy tool steel and high speed tool steel.

Advanced High-Strength Steels (AHSS) are lighter in weight and uses less steel in manufacturing process. Tool steel is infinitely recyclable due to its non-degradability and can easily be withdrawn out during the recycling process compared to other materials that are not magnetic. Advanced High-Strength Steels are manufactured at very thin gauges while maintaining the strength of mild steels and are effectively used in the automotive industry.

North American tool steel industry growth is driven by evolution in forging industry with its various applications in automotives, factory automation, aerospace, defence and others sectors. Advanced technology in automobile manufacturing has led to growing implementation of high technological tools that are lightweight and more users friendly. The tools manufactured are used for jacking, tire change, re-screwing and other automotive operations. The increasing use of tool steels in the shipbuilding and energy sectors are creating many opportunities in the market. Emerging economies and industrialization are the key market challenge in next few years in the tool steel market. The demand for more sophisticated tools and automotive tool steel is propelling growth in North American automotive sector. This steady growth is expected over the next few years due to the continuing growth in the automotive industry, forging industry and tool steel manufacturers.

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Evolution in Asia’s Automobile Sector and Demand for Polyurethane Foam to Boost Automotive Foam Industry: Ken Research

Automotive foams are polymer foams manufactured by combining two phases, gas phase and solid phase to develop foams. This process results in development of foam incorporated with either air bubbles or air tunnels which are either closed cell structure or open cell structure. Foams with open cells are flexible while foams with closed cells are rigid. Chemical or physical gas is used as a blowing agent in the manufacturing of automotive foams. All the polymer foams are produced using various methods such as extrusion, slab-stock and moulding. Polymer foams are used in automotive industry, packaging industry, construction, furniture and other industries. Asia automotive foams market is categorized based on type of material such as polyurethane, polyolefin, styrenic, polyvinyl chloride, phenolic, melamine, starch foams, biodegradable foams and others. Automotive foams are utilized in manufacturing industries such as instrument panels, seating, door panels, headliners, water shields, gaskets, seals, Noise-Vibration and Harshness (NVH) solutions and others. Automotive foams are used in automobiles such as compact passenger cars, mid-sized passenger cars, premium passenger cars, luxury passenger cars, light commercial vehicles, heavy commercial vehicles, and two-wheeler.

The major factors driving Asian automotive foams market are low density foam products, weight reduction characteristics and cost effectiveness. Automotive foams are used as optimal insulators with low heat transfer properties; flexibility and softness in automotive foams provide extra comfort to the passengers, growing consumer preference for polymer foams in vehicles and manufacturer’s approval towards automotive foam products in commercial vehicle are the other factors driving the demand for automotive foams in Asia.

According to the study “Asia Automotive Foam Industry Situation and Prospects Research report”, Asian automotive foams market faces major market challenges such as waste disposal, flammability, recyclability and adverse effects of blowing agents on the environment which are directly hampering the growth of the market. The leading players in automotive foams in Asia are Woodbridge Foam Corp, Dow Chemical Co., Adient Plc., Recticel, Caligen Foam, Saint-Gobain SA, BASF SE, Lear Corp, Zotefoams Plc, and Bridgestone Corp. Various other applications of automotive foams in Asia are calendering process resin, seating, door panels, headliners, water shields and others industries. Geographically, Asian automotive foams market is spread across China, India, Japan, Korea, Saudi Arabia and other regions.

The increasing consumer’s disposable income and urbanization in Asia has witnessed a significant growth in automobile industry and automotive foam products. China is the leading consumer of automotive foams in Asia due to the rapid growth in the manufacture of heavy commercial vehicle and passenger cars in the automotive industry. An automobile per household has become a necessity and status symbol in the society due to modernization which is driving the automobile market coupled with automotive foam market. Majority of the polyurethane foams are used for seats in the automobiles due to their excellent features such as ease of installation, minimal weight, fire resistance, thermal resistance, and low cost. It was observed that there is a huge demand for polyurethane foam in Asia compared to the other variants of foams and polyurethane foam is expected to remain on the top over the next few years.

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