Israel Automotive Foam Market Outlook

the automotive foam market in israel is expected to remain relatively stable and consistent during the forecast period of 2018-2032. this is due to the continued financial stability of israel due to investment in innovation, a drive for sustainability and a strong focus on industry diversification. this stability has enabled the israeli automotive foam market to remain resilient and able to continue to remain competitive on the global market despite volatile markets and periods of uncertainty. the vehicles in israel are increasing in acceptance of their use as cars and light trucks, and this growth in consumer demand is expected to continue. this increased use is likely to be accompanied by an increased usage of automotive foam for the varied applications it can provide to the automotive industry. such applications include components such as seat cushions, door cushions, interior panels, and sound-proof material. the increasing popularity of hybrid vehicles is believed to be a major factor driving growth in the israeli automotive foam market. the use of advanced materials for the different uses in the automotive industry, thus creating higher demand for automotive foam in the production of the hybrid vehicles. israel is also actively working to promote the use of vehicular technology, and this is likely to drive growth in the automotive foam market further. technological trends such as the internet of things, autonomous driving, and advanced driver assistance technologies are expected to be widely adopted and used within the israeli automotive industry. this is expected to necessitate an increased need for automotive foam products and parts. the israeli government is also making efforts to reduce the overall environmental impacts of the automotive industry due to concerns related to climate change. thus, regulations and initiatives for better fuel economy, as well as an increased focus on alternative fuel vehicles and cleaner fuels, are expected to increase the demand for automotive foam products that are eco-friendly and manufactured of recycled materials. lastly, as interest in electric vehicles continues to grow, the demand for automotive foam products is likely to grow with it due to the varied uses of automotive foam in ev construction. as such, the israeli automotive foam market is likely to remain relatively stable and consistent due to increased demand for these products during the forecast period of 2018-2032.