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The global polyurethane foam market Report overview :
“The global polyurethane foam Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The global polyurethane foam market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018 to 2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.
The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global polyurethane foam market has been segmented on the basis of type, end-user, and region.
This report is based on synthesis, analysis, and interpretation of various sources of information gathered regarding the target market. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Polyurethane is a type of polymer which belongs to the wide range and highly diversified family of polymers. The polyurethane foam is defined as solid or open structured form of polyurethane. The flexible polyurethane foams are low density and have many open-cell structures, which means they are permeable to air.
The polyurethane foam is mostly available in the flexible or rigid form. The property of polyurethane to solve challenging problems and mold into unusual shapes enhances application of polyurethane foams. Flexible foams are also used in bedding and upholstery, fabric coatings, print rollers, and footwear midsoles.
Growing consumption of polyurethane foam owing to rising demand from building and construction industries as building insulation for energy conservation is a major factor driving growth of the global polyurethane foam market. In addition, rising demand for polyurethane foam across the globe, owing to its versatility and unique physical properties, is expected to fuel growth of the target market over the forecast period.
However, stringent environmental regulations on use of flexible polyurethane foam is a factor expected to limit growth of the global polyurethane foam market over the forecast period. In addition, fluctuating prices of raw materials is another factor expected to hamper growth of the of target market in the near future.
The market in Asia Pacific accounts for highest market share in the global polyurethane foam market in terms of revenue. This can be attributed to rising demand for flexible polyurethane foam coupled with the increasing applicability of rigid polyurethane foam in the region's automotive and building and construction industries.
The market in North America is expected to witness significant growth in the global polyurethane foam market over the forecast period. This can be attributed to increasing demand for flexible polyurethane foam from various end-use applications such as automotive seating and customer needs industries in the region.
The market in Europe is also expected to witness moderate growth over the forecast period, owing to increasing demand for polyurethane foam for spray polyurethane foam in construction sector in the region. Also the market in North America is expected to register a CAGR of X.X% during the forecast period.
Global polyurethane foam market segmentation:
- Flexible Foam
- Rigid Foam
- Spray Foam
- Building & Construction
- Bedding & Furniture
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- BASF SE
- The Dow Chemical Company
- Nitto Denko Corporation
- Compagnie DE Saint-Gobain SA
- Trelleborg AB
- Recticel NV/SA
- Tosoh Corporation
- Chemtura Usa Corporation
- UFP Technologies Inc.
- Covestro AG.
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