DALLAS, March 29, 2019 (GLOBE NEWSWIRE) -- According to a new market report published by Lucintel, the future of the global automotive insulation market looks promising with opportunities in the passenger car and light commercial vehicle market. The global automotive insulation market is expected to reach an estimated $2.5 billion by 2024 with a CAGR of 3.5% from 2019 to 2024. The major drivers for this market are growth in automotive production and increasing demand for materials which provide high acoustic insulation and energy efficiency.
Browse 127 market data tables and 152 figures spread through 206 pages and in-depth TOC on “Global Automotive Insulation Market" at https://www.lucintel.com/automotive-insulation-market.aspx
In this market, different types of automotive insulation such as PU foam, elastomeric foam, glass wool, and others are used as product type. Lucintel forecasts that PU foam will remain the largest segment over the forecast period due to its light weight and higher thermal efficiency.
Download Free PDF Brochure @ https://www.lucintel.com/automotive-insulation-market.aspx#/
Europe will remain the largest region over the forecast period due to the stringent environmental protection regulations. Asia Pacific is expected to witness the highest growth over the forecast period due to increasing demand for small cars in China and India.
Pre-Purchase Query @ https://www.lucintel.com/automotive-insulation-market.aspx#/
Emerging trends, which have a direct impact on the dynamics of the automotive insulation industry, include deployment of polyurethane nano-foams and development of fourth generation blowing agents. Recticel, BASF, Armacell, Saint-Gobain, SoundTech Inc., Aeroflex Company Limited, UFP Technologies, Johns Manville, Avon Group Manufacturing, Siderise Group, and Covestro and others are among the major automotive insulation manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global automotive insulation market by product type, function, application, vehicle type, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Automotive Insulation Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global automotive insulation market by product type, function, application, vehicle type, and region
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at helpdesk@lucintel.com