Lucintel Forecasts Automotive Insulation Market to Reach $3 Billion by 2030

Lucintel Forecasts Automotive Insulation Market to Reach $3 Billion by 2030

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According to the recent study the Automotive Insulation Market  is projected to reach an estimated $3 billion by 2030 from $2 billion in 2023 at a CAGR of 3.6% from 2023 to 2030. Growth in this market is primarily driven by growth in automotive production and increasing demand for materials which provide high acoustic insulation and energy efficiency.

Browse 107 figures/charts and 68 tables in this 206-page report to understand trends, opportunities and forecast in automotive insulation market by product type (PU foam, elastomeric foam, glass wool, and others), by function (acoustic insulation and thermal insulation), by vehicle type (passenger vehicle and light commercial vehicle) and by region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that 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.

PU foam will remain the largest segment over the forecast period due to its light weight and higher thermal efficiency.

Europe will remain the largest and fastest growing region over the forecast period due to the stringent environmental protection regulations.

BASF, Covestro, Armacell International S.A, Johns Manville, Recticel, UFP Technologies, Saint-Gobain S.A., Aeroflex Company Limited, SoundTech Inc. are the major suppliers in the automotive insulation providers.

This unique 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 write us at [email protected].

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056