Global Polyurethane Foam
Market is expected to reach USD 97.57 billion by 2025, from USD
54.41 billion in 2017 growing at a CAGR of 8.7% during the forecast period of
2018 to 2025. The upcoming market report contains data for historic years 2015
& 2016, the base year of calculation is 2017 and the forecast period is
2018 to 2025.
Global Polyurethane Foam Market, By Density Composition (Low-Density
Polyurethane Foam, Medium-Density Polyurethane Foam and High-Density
Polyurethane Foam), By Type (Flexible Foam, Rigid Foam, Spray Foam), By End
User (Market Size & Projection, Bedding & Furniture, Building &
Construction, Others), By Geography (North America, South America, Europe,
Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2025
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Major Market Competitors/Players:
Some of the
major players operating in the global polyurethane foam market are – BASF SE,
The DOW Chemical Company, Bayer AG, Ekisui Chemical Co. Ltd., Nitto Denko
Corporation, Compagnie DE Saint-Gobain S.A., Huntsman Corporation, Wanhua
Chemical Group Co.’ Ltd. (Former: Yantai Wanhua Polyuretanes Co.’ Ltd.,
Trelleborg AB, Tosoh Corporation (Nippon Polyurethane Industry Co.’ Ltd.),
Chemtura Corporation, Inoac Corporation, Recticel NV /SA, Vita (Lux III)
S.A.R.L (Former: British Vita (Lux III) S.A.R.L.), Armacell GmbH, Foamcraft’
Inc., Foampartner Group, Future Foam’ Inc., Fxi-Foamex Innovations, Rogers
Corporation, UFP Technologies’ Inc., The Woodbridge Group, and many more.
Definition
of Global Polyurethane Foam Market:
Polyurethane foam is widely used polymer
available in two forms rigid and flexible foams. Rigid foams have various
insulation applications in refrigeration and construction. The polyurethane
foam is energy efficient and helps in reducing energy costs. The polyurethane
foam exhibits excellent dielectric and adhesive properties. They also have
various physical properties like, resistant to abrasion, temperature, water,
and weather. The flexible foams are used as a cushioning substance in various
end-use industries, for example in packaging, furniture, bedding and
transportation industries. These foams have many environmental benefits owing
to high recyclability and clean burning properties. Hence, they offer pollutant
filtration, reduced wastage, and greater sustainability. The polyurethane foams
are anticipated to witness increase in market demand due to its superior
insulation, which is ideal for roofs and walls in new houses. According to the
article published by, The Building & Construction Authority, it has been
observed that in various developing countries such as India, china, Indonesia,
Nigeria the construction sector is growing. In India and china the growth
percentage is around 7-8%. In Indonesia and Vietnam the growth percentage is
approximately 6-7% and in Nigeria the growth percentage is 8-9%. The major
players in the polyurethane foam market are making various developments such as
launch of new products, opening new research and development centres, and new
plants for the growth of the polyurethane foam market. BASF SE is developing polyurethane
composite, which has its applications for building and infrastructure
industries.
Major
Market Drivers and Restraints:
·
Environment sustainability and
energy conservation
·
Versatility and unique physical
properties
·
Growth of end-user industries in
emerging nations
·
Rising cost of raw material
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Segmentation
of Global Polyurethane Foam Market:
The global polyurethane foam market is
segmented based on source, type, application, density composition and
geographical segments.
Based
on Density Composition:
·
Low-Density Polyurethane Foam
Ø Reticulated Polyurethane Foam
Ø Polyester Foam and Polyether Foam
·
Medium-Density Polyurethane
Foam
·
High-Density Polyurethane Foam
On
the Basis of Type:
·
Flexible Foam
Ø Cushioning
Ø Apparel Padding
Ø Filtration And Others
·
Rigid Foam
Ø Insulation
Ø Decorative
Ø Architectural Application
Ø Flotation Module
·
Spray Foam
On the
Basis of End User:
·
Market Size & Projection
·
Bedding & Furniture
Ø Mattress & Pillows
Ø Medical
Ø Carpet Cushion
Ø Seating
Ø Office Furniture
·
Building & Construction
Ø Thermal Insulation
Ø Air Sealing
·
Electronics
Ø Sealing
Ø Insulation
·
Automotive
Ø Cushion Overlay
Ø Seat Foam
Ø Door Panels
Ø Energy Absorbers
Ø Sound Absorption
Ø Vibration Dampening
Ø Others.
·
Footwear
Ø Shoe Midsole
Ø Shoe Bottom
Ø Shoe Upper
·
Packaging And Others
Ø Foam Packaging
Ø Composite Packaging
Based
on geography, the global polyurethane foam market
report covers data points for 28 countries across multiple geographies namely
North America & South America, Europe, Asia-Pacific and, Middle East &
Africa. Some of the major countries covered in this report are U.S., Canada,
Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India,
South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and,
Brazil among others.
Competitive
Analysis of Global Polyurethane Foam Market:
The global polyurethane foam market is
highly fragmented and the major players have used various strategies such as
new product launches, expansions, agreements, joint ventures, partnerships,
acquisitions, and others to increase their footprints in this market. The
report includes market shares of polyurethane foam market for global, Europe,
North America, Asia Pacific and South America.
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