|05-04-2018 08:25 AM CET - Advertising, Media Consulting, Marketing Research||
Polyurethane Foam Market Growth of US$ 97.57 Billion by Global Density Composition, Type, End User, Geography, Top Vendors BASF SE, The DOW Chemical Company, Bayer AG, Ekisui Chemical Co. Ltd., Nitto Denko Corporation
Press release from: Data Bridge Market Research
Polyurethane Foam Market Report 2018 added by Data Bridge Market Research explores Global Polyurethane Foam Market size, share, key players, overview and growth with forecast to 2025.
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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
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, the global polyurethane foam market is segmented into low-density polyurethane foam, medium-density polyurethane foam and high-density polyurethane foam.
On the basis of type, the global polyurethane foam market is classified into flexible foam, rigid foam, and spray foam. The flexible foam is further sub segmented into based on application cushioning, apparel padding, filtration and others. The rigid foam is further sub segmented based on application into insulation, decorative and architectural application and flotation module.
On the basis of end user, the global polyurethane foam market is classified into market size & projection, bedding & furniture, building & construction, electronics, automotive, footwear, packaging and others. The bedding & furniture segment is further sub segmented into mattress & pillows, medical, carpet cushion, seating and office furniture. The building & construction segment is further sub segmented into thermal insulation and air sealing. The electronics segment is further sub segmented into sealing and insulation. The automotive is further sub segmented into cushion overlay, seat foam, door panels, energy absorbers, sound absorption and vibration dampening and others. The footwear segment is further sub segmented into shoe midsole, shoe bottom, shoe upper. The packaging segment is further sub segmented into foam packaging and 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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