PUBLISHER: Polaris Market Research | PRODUCT CODE: 1697948
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1697948
The North America Flexible Foam Mold Release Agents Market For Transportation size is expected to reach USD 140.85 million by 2034, according to a new study by Polaris Market Research. The report "North america flexible foam mold release agents market for transportation Size, Share, Trends, Industry Analysis Report: By Vehicle Type [Automotive, Aerospace, Marine, Recreational Vehicles (RVs) & Specialty Vehicles, and Agricultural & Off-road Vehicles], Foam Type, Mold Release Agent Type, and Country (US, Canada, and Mexico) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The North america flexible foam mold release agents market for transportation demand is expected to grow at a faster rate during the forecast period due to advancements in foam manufacturing technology in North America's transportation sector. Innovations such as the development of high-resilience and viscoelastic foams have led to the need for specialized mold release agents that can handle complex formulations and ensure defect-free production. In 2024, BASF's partnered with Future Foam and introduced flexible foam bedding by utilizing 100% domestically produced Biomass Balance (BMB) Lupranate T 80 TDI, highlighting a shift toward sustainable materials in foam production. As manufacturers shift to eco-friendly foam formulations, the demand for flexible foam mold release agents will increase in North America, especially water-based and low-VOC solutions that support sustainability objectives. These technological advancements are driving the North america flexible foam mold release agents market for transportation.
The rising production of automobiles in Mexico is boosting the North america flexible foam mold release agents market for transportation expansion. For instance, the International Trade Administration published data stating that Mexico is the world's seventh-largest passenger vehicle manufacturer, producing 3.5 million vehicles annually. The flexible foam mold release agents demand will increase in the country with the growing production of automobiles. Additionally, the rising number of aerospace manufacturing firms in Mexico is propelling the flexible foam mold release agents market growth in the country. The Mexican Aerospace Industry Federation (FEMIA) estimates that Mexico's aerospace sector grew from 100 manufacturing firms and organizations in 2004 to 368 as of mid-2022. Hence, as the number of aerospace manufacturing firms in Mexico increases, the North america flexible foam mold release agents market for transportation also grows.
In Mexico, the electric vehicle (EV) market is experiencing significant growth. BYD Auto Co., Ltd., a Chinese multinational manufacturing company, states that they have sold 50,000 electric vehicles (EVs) in Mexico in 2024 and projects to sell 100,000 by 2025. This surge is mainly driven by substantial investments from major automakers. Also, Chinese automaker Jetour announced to build a USD 3 billion automotive plant in Mexico by 2024, with the aim of manufacturing electric and gasoline-powered cars for the North American market. The rising EV production propels the North america flexible foam mold release agents market for transportation development.
By mold release agent type, the North america flexible foam mold release agents market for transportation has been segmented into water-based release agents, silicone-based release agents, solvent-based release agents, wax-based release agents, and others. In 2024, the water-based release agents segment dominated the market. Water-based release agents comply with regulations and enhance worker safety by minimizing exposure to hazardous chemicals. This will surge the water-based release agent usage in the manufacturing process.
The polyurethane (PU) segment, by foam type, dominated the North america flexible foam mold release agents market for transportation share in 2024, mainly due to its energy efficiency, lightweight nature, and adaptability to different formulations and densities. Polyurethane (PU) foam is a versatile material widely used in the transportation industry due to its lightweight, durable, and flexible properties. PU foam is a polymer formed by reacting polyols with diisocyanates.
The US holds the largest market share of the North america flexible foam mold release agents market for transportation revenue. Bureau of Transportation Statistics published a report stating that US airlines carried 853 million passengers in 2022, up from 658 million in 2021 and 388 million in 2020. Increased airline travelers lead airlines to focus on enhancing passenger experience by upgrading seat cushions, armrests, and headrests with high-performance polyurethane foams that provide superior comfort and durability, thereby driving the North america flexible foam mold release agents market for transportation demand.
A few global key market players are DOW; Huntsman International LLC; Chem Trend L.P.; Henkel AG & Co. KGaA; Michelman, Inc.; McGee Industries, Inc.; Miller-Stephenson Chemical Company, Inc.; Concentrol; KEMI Srl; and Momentive Performance Materials Inc.
Polaris Market Research has segmented the North america flexible foam mold release agents market for transportation report on the basis of vehicle type, foam type, mold release agent type, and country:
North america flexible foam mold release agents market for transportation Segmentation