Global Polyurethane Foam Market: Overview
Polyurethane foam is available in two forms which include flexible foam and rigid foam; they are widely used for the production of plastic and polymer. Rigid foam is used in the insulation applications especially in construction and refrigeration. It is energy efficient in nature and helps in reducing the energy costs. Flexible foam is used as cushioning in the transportation, packaging, bedding, and furniture. Polyurethane foam offers certain environmental benefits such as greater sustainability, clean ignition for pollutant filtration, high recyclability, and reduced wastage.
Global Polyurethane Foam Market: Growth Factors
Growing demand for bedding & furniture from the rising population in the emerging economies anticipates driving the polyurethane foam market in future. Increasing need for automotive components such as armrests, airbags, dashboards, and other vehicular components which include exteriors is expected to boost the global market growth. Polyurethane foam provides superior insulation thus it is used in the construction of the walls and roofs of the new houses. It helps to reduce noise and maintain the uniform temperature within the building. Increasing urban population and strong industrial growth are fuelling the polyurethane foam market. Governmental support in the subsidy schemes and tax incentives to motivate the manufacturing sector and promote the bio-based polyurethane foam may open up new growth opportunities in the polyurethane market. However, the government is focusing on increasing the use of bio-based polyurethane foam in various applications and rising concerns about harmful health effects of isocyanates used in polyurethane foam may restrain the global polyurethane foam market growth.
Global Polyurethane Foam Market: Segmentation
The global polyurethane foam market is categorized based on the end-use industry, type, and region. On the basis of end-use industry, the market is segmented into automotive, bedding & furniture, packaging, electronics, transportation, building & construction, footwear, textile & apparel, and others. Based on the type, the market is segregated into spray foam, rigid foam, and flexible foam. The region wise bifurcation of the polyurethane foam market is given by North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Global Polyurethane Foam Market: Regional Analysis
Asia Pacific is the dominating region for polyurethane foam, developing electronics and transportation industries in the Taiwan, China, Korea, and India is expected to fuel the global polyurethane foam market growth. Economic growth is the output from the higher sales of the electronic appliances and vehicles in this region. In addition, rapid urbanization and urban migration, increased employment, escalating investments in packaging, transportation, and construction industries anticipate fostering the market growth in Asia Pacific region. Different legal and environmental factors are supporting the growth of the Middle East & Africa and Central & South America regional markets for polyurethane foam. Brazil and South Africa also contributed to the largest market share owing to expanding construction and automotive sectors. Manufacturing sectors in the North America and Europe have recovered due to rising consumption of polyurethane foam from Italy, the U.S., Germany, and UK.
Global Polyurethane Foam Market: Competitive Players
Key market vendors in the global polyurethane foam market are Saint-Gobain S.A., Bayer AG, Reciticel, Huntsman and Chemtura, Trelleborg AG, BASF, and UFP Technologies. Other market players include Dow Chemical, Sekisui Chemicals, Foamcraft Inc., Evonik, Elliot Co., Rogers Corp., Future Foam, and Woodbridge Group.
Global Polyurethane Foam Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
