DUBLIN, Sept. 25, 2020 /PRNewswire/ — The “Polyurethane Foam Market by Type (Rigid Foam, Flexible Foam, Spray Foam), End-use Industry (Building & Construction, Bedding & Furniture, Automotive, Electronics, Footwear, Packaging, Others), and Region – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The Polyurethane Foams Market is Projected to Grow from USD 37.8 Billion in 2020 to USD 54.3 Billion by 2025, at a CAGR of 7.5% from 2020 to 2025
One of the key factors driving the growth of the polyurethane foam market includes the growing end-use industries in emerging economies. End-use industries such as construction, electronics, and automotive are expected to flourish in emerging economies, including China, India, Indonesia, and Thailand, during the forecast period. This, in turn, is expected to contribute to the growth of the polyurethane foam market.
Polyurethane foams are extensively used in the bedding & furniture, building & construction, electronics, and automotive industries. Flexible polyurethane foams are mainly used in the automotive sector for cushioning applications. These foams are considered among the most effective insulation materials available in the market, thereby making them suitable for the electronics industry for use in refrigerators and freezers. The construction industry is another key consumer of rigid polyurethane foam for use as coatings and sealants & adhesives.
The polyurethane foam market report is dominated by players, such as Covestro AG (Germany), BASF SE (Germany), Wanhua Chemical Group Co., Ltd. (China), Dow Inc. (US), Huntsman Corporation (US), Sekisui Chemical Co., Ltd. (Japan), Compagnie de Saint-Gobain SA (France), Bayer AG (Germany), and Chemtura Corporation (Lanxess) (US).
Market Dynamics
Drivers
- Growth of Various End-Use Industries in Emerging Economies
- Increased Use of Polyurethane Foams in Building Insulations for Energy Conservation
- Versatility and Unique Physical Properties of Polyurethane Foams
Restraints
- Stringent Environmental Regulations Related to Manufacturing of Polyurethane Foams
Opportunities
- Rise in Production of Bio-Based Polyols
Challenges
- High Raw Material Costs Leading to Pricing Pressures on Polyurethane Foam Manufacturers
Companies Mentioned
- Adient plc
- American Foam Products
- Armacell
- Basf Se
- Bayer AG
- Carpenter Co.
- Chemtura Corporation (Lanxess)
- Compagnie De Saint-Gobain S.A.
- Covestro AG
- Dow Inc.
- Dupont
- Eurofoam Group
- Foam Supplies, Inc.
- Foamcraft, Inc.
- Foampartner Group
- Future Foam, Inc.
- Fxi
- Henkel Polybit Industries Ltd.
- Heubach Corporation
- Huntsman Corporation
- Inoac Corporation
- Interfoam Limited
- Interplasp
- Recticel Nv/Sa
- Rempac Foam Corporation
- Rogers Corporation
- Sekisui Chemical Co. Ltd.
- Tosoh Corporation
- Trelleborg Ab
- UFP Technologies, Inc.
- Wanhua Chemical Group Co. Ltd.
- Woodbridge Foam Corporation
For more information about this report visit https://www.researchandmarkets.com/r/ecrjbm
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