Global Polyurethane Foam Market is valued approximately USD 35.2 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.5 % over the forecast period 2020-2027. Polyurethane is a type of polymer or plastic, available in the flexible or rigid form. The polyurethane foam provides excellent dielectric and adhesive properties for protecting the product. It has the resistant property for abrasion, water, temperature, impact and weather. Polyurethane (PU) foams are used in for the development of resilient foam applications such as insulation panels, gaskets, tires, adhesives, and others. The growing demand for polyurethane foam from various end-use industries in emerging economies, increased use of polyurethane foams in building insulations for energy conservation and versatility and unique physical properties of polyurethane foams are the few factors responsible for growth of the market over the forecast period. Furthermore, the introduction of products and other strategic alliance by the market players will create a lucrative demand for the market. For instance: on 03rd March 2020, Future Foam has acquired polyurethane foam pouring facilities based in Washington, Tupelo Mississippi, Elkhart, Indiana, Kent, and a foam fabrication facility in Kent, Washington. This acquisition will expand the market position of Future Foam company in the global polyurethane foam market. However, the stringent environmental regulations related to manufacturing of polyurethane foams is the major factor restraining the growth of global Polyurethane Foam market during the forecast period.
The regional analysis of global Polyurethane Foam market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world in terms of market share owing to the growing demand for polyurethane foams from various industries as well as rising footprint of the global players dealing in polyurethane foams.
Major market player included in this report are:
Future Foam, Inc.
Woodbridge Foam Corporation
Sekisui Chemical Co., Ltd.
Compagnie DE Saint-Gobain S.A.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By End-Use Industry:
Bedding & Furniture
Building & Construction
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Polyurethane Foam Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers