According to IMARC Group’s latest report, titled “Polyurethane (PU) Foam Market Analysis: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global polyurethane (PU) foam market exhibited moderate growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of 6.81% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Polyurethane foam refers to a synthetic polymer that insulates and protects materials against moisture, abrasion, temperature, impact, and corrosion. It is hypoallergenic, durable, non-toxic, and can rapidly react with moisture. As a result, PU foam is widely utilized across diverse industries, including automotive, packaging, electronics, construction, etc.
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The expanding construction industry and increasing product demand in the furnishing sector are primarily augmenting the market growth. Furthermore, the escalating demand for flexible and semi-rigid polyurethane foams for applying coatings, paints, and adhesives is also propelling the global market for PU foam. Besides this, the introduction of several bio-based polyols to manufacture polyurethane foam with minimal or no carbon emissions is further catalyzing the product demand. Moreover, PU foams are extensively adopted in the automotive industry to produce lightweight automobile components, such as dashboards, airbags, armrests, etc. Additionally, the expanding product utilization in the packaging industry is further expected to drive the global market for PU foam in the coming years.
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List of Key Companies Covered in this Market Report:
- BASF SE
- Covestro AG
- Foamcraft Inc.
- Future Foam Inc.
- Huntsman International LLC
- Recticel NV/SA
- Rogers Corporation
- Saint-Gobain S.A.
- Sekisui Chemical Co. Ltd
- The Dow Chemical Company
- Tosoh Corporation
- UFP Technologies Inc.
- Wanhua Chemical Group Co. Ltd
The report has segmented the market on the basis of structure, product type, density, end-use industry and geography.
Breakup by Structure:
- Open Cell
- Closed Cell
Breakup by Product Type:
- Flexible Foam
- Rigid Foam
- Spray Foam
Breakup by Density:
- Low Density
- Medium Density
- High Density
Breakup by End-Use Industry:
- Bedding and Furniture
- Building and Construction
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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