North America Automotive Foams Market expected to witness a significant CAGR of 3.7% over the forecast period
North America Automotive Foams Industry Overview The North America automotive foams market size is anticipated to reach USD 3.26 billion by 2028, according to a new report by Grand View Research, Inc., growing at a CAGR of 3.7% over the forecast period. The market growth is credited to the rapid expansion of the automotive industry in the U.S., Canada, and Mexico. Vehicles are considered a status symbol in society, which has propelled vehicle sales due to transitioning lifestyles and the easy availability of low-end models of cars by prominent automotive OEMs. Also, rising sales of Electric Vehicles (EVs) due to environmental concerns arising from petrol and diesel vehicles are expected to drive the market. North America Automotive Foams Market Segmentation Grand View Research has segmented the North America automotive foam market on the basis of type, application, end use, and country: Based on the Type Insights, the market is segmented ...