Global Polyurethane Foam Market: Industry Analysis and Forecast (2020-2026)

Global Polyurethane Foam Market size was valued at US$ XX Bn in 2019 and the total revenue is expected to grow at 7.5 % through 2020 to 2026, reaching nearly US$ XX Bn.

The global Polyurethane Foam market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Polyurethane Foam report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Polyurethane Foam Market Overview:

The growth of the global polyurethane foam market is driven by the increasing usage of polyurethane foams in building insulation for energy conservation. The energy consumption in buildings can be reduced with the help of polyurethane foam.
Global Polyurethane Foam Market Dynamics:

Polyurethane foams are used in insulation, adhesives, sealants, and binders in a variety of construction products and other applications. Polyurethane foams are highly flexible materials, which help reduce total infrastructural costs by minimizing energy consumption in buildings. They enable architects to insulate buildings in an improved manner, which reduces the consumption of gas, oil, and electricity in them. These all factors drive the polyurethane foam market demand.

Stringent environmental regulations by the US Environmental Protection Agency (EPA) for new and existing plant sites that are engaged in the manufacturing of flexible polyurethane foams. This factor act as a major restraint for the market growth.

Opportunities for the global polyurethane market are rise in production of bio-based polyols and impact of plastic on the environment have led the market.
Global Polyurethane Foam Market Segment Analysis:

By Type, the polyurethane foam market is segmented into rigid foam, flexible foam, and spray foam. Flexible foam held the largest market share XX % in 2019 and is expected to grow at a rapid pace during the forecast period. Flexible foam used in many applications like furniture, transportation, bedding, packaging, textiles, and other industries due to its durability, resiliency, energy absorption, and handling strength.

The rigid foam segment is expected to grow significantly during the forecast period. Growth in construction industries with rising per capita disposable income in developing countries including India, China, Brazil, and Mexico is expected to propel the rigid foam segment demand. Rigid foams are often used to package highly sensitive equipment such as jewellery, electronics, printed circuit boards, and delicate foods. The shift in trend towards packaged food in countries such as China, India, Vietnam, Brazil, and Argentina will result to further boost the market for rigid foams in the future.

Global Polyurethane Foam Market

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By End-Use Industry, the market is segmented into building & construction, bedding & furniture, automotive, electronics, footwear, packaging, others. Bedding & furniture led the market and accounted for more than 35% share in terms of volume in 2019 thanks to a growing population with an increase in the number of real estate industry.

Packaging application segment is expected to grow rapid pace during the forecast period thanks to growth of packaged food & beverage industry. Increasing demand for corrugated boxes are estimated to propel the uses in the packaging application segment.

Global Polyurethane Foam Market
Global Polyurethane Foam Market Regional Insights:

Rapid Urbanization Construction Industries in Asia Pacific Dominate the Demand for Polyurethane Foam Market in the region

The Asia Pacific is expected to dominate the largest market of polyurethane foam during the forecast period. Increased employment with rapid urbanization generating investments in construction, transportation, and packaging industries. Growing demand for polyurethane foam from many industries as well as the rising footprint of the global players. These all factors expected to drive the global polyurethane foam market demand in the region.

Various environmental and legal factors are helping industrial development in Central & South America and Middle East & Africa. These regions are also home to major countries such as Brazil and South Africa that are growing at a rapid rate on account of expanding automotive and construction sectors. This, is in turn, expected to drive the polyurethane foam market during the forecast period.

Global Polyurethane Foam Market

The objective of the report is to present a comprehensive analysis of the global Polyurethane Foam market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Polyurethane Foam market dynamics, structure by analyzing the market segments and project the global Polyurethane Foam market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Polyurethane Foam market make the report investor’s guide.

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Global Polyurethane Foam Market
Global Polyurethane Foam Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Polyurethane Foam Market Key Players

• BASF
• Sekisui Chemical Co. Ltd.
• Huntsman Corporation
• Chemtura Corporation
• Compagnie De Saint-Gobain S.A.
• Eurofoam Group
• Covestro AG
• Dowdupont
• Nitto Denko Corporation
• Armacell
• Wanhua Chemical Group Co., Ltd
• Dow Inc.
• Others

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