PU Foam Market Share, Trend, Segmentation, Analysis by Key Players BASF SE, Covestro, Dow Inc, Huntsman Corporation

According to the latest report by Quince Market Insights, the Global PU Foam Market is projected to reach USD 120.84 billion by 2028, growing at a CAGR of 8.6% during a forecast period. The high demand for polyurethane foam in the Asia Pacific region will drive the PU foam market during the forecast period.

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What is PU foam and what are their uses?

The class of plastics and polymers contains polyurethane. The naturally occurring presence of polyurethane is in two states: rigid and flowing. Mainly used as a coated material and insulator on automotive seats, polyurethane foam. Polyurethane is extremely flexible in nature and is commonly used as an isolating shielding agent and adhasive in the building and construction industries. As it is smooth and foamy, it is used in the furniture field as a filler for the manufacture of covers and mattresses. This is also used as a bench coil and in air safety systems in the automotive industry.

Uses of PU foam in the automotive industry

In the automotive industry, approximately 12 percent of worldwide produced PU foam is used. PU foam has become a vital component of the automotive industry with consumers demanding a more comfortable driving experience. The qualities of polyurethane are excellent. As a sealant in the electronics industry, electrical parts are therefore heavily sealed as well as thermal insulation being retained. It is utilized as a protection against the cryogenic fluids present in freezers and insulation against them.

More about the Market

According to QMI North America leads the PU foam market leads, followed by the Asia-Pacific region. The huge growth of the Chinese and Indian car industries has increased demand in those countries for lightweight PU foam. Approximately 24 percent to 27 percent of global use is anticipated to dominate the PU foam market for the predicted period. The Middle East PU foam market is expected to be the most developed during the forecast period.

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Major Factors Impacting the Growth of PU foam market:

o Car industry growth. Car industry growth.
o Increased demand from the construction and construction industries.
o Strict phosgene gas release regulations.
o High prices of commodities.

Key Highlights of PU Foam Market:

o Covestro introduced a new high-quality flexible polyurethane foam system for the production of carbon dioxide in 2017.
o Huntsman Corporation announced the purchase in 2018 of Sun Capital Partners, Inc. of Demilec, one of North America's largest manufacturers and distributors of residential and commercial insulation products for spray polyurethane foam (SPF).

What Does This Report Provide?

This research provides a detailed insight into the global PU foam market throughout the forecast period from a quality and quantitative viewpoint. The report also provides dynamic indicators with possible impacts during the forecast period on the PU foam market and a thorough analysis of the leading companies operating in the market.

The companies covered include BASF SE, Covestro, the Dow Chemical Company and Huntsman Corporation, which are the major players in the PU foam market in the report. Information on companies included in this report specifically highlights the capacity of these companies in the PU foam market for future businesses, key mergers and acquisitions, financial overviews, partnerships, cooperation, and new product launches.

What Does This Report Provide?

This report provides a detailed understanding, from qualitative and quantitative perspectives over the forecasted period, of the global PU Foam. The study also offers competitive metrics with probable impacts during the duration of prediction on the demand of PU Foam and comprehensive analysis of the leading companies in the PU Foam industry.
The global PU Foam market report monitors the size of demand for key product types and application patterns that affect the sales shares of different products in key regions. The PU Foam market report provides insights into the revenues and volumes generated by key end-users.

This report by QMI categorizes manufacturers, country, form, and application global PU Foam market breakdown data, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, threats and entry barriers, sales channels, and distributors.

Market Segmentation:

By Category:
o Open Cell
o Closed Cell

By Type:
o Flexible Foam
o Rigid Foam
o Spray Foam

By End-Use Industry:
o Building & Construction
o Automotive
o Packaging
o Electronics
o Footwear
o Furniture

By Region:

North America
o By Country (US, Canada, Mexico)
o By Category
o By Type
o By End-Use Industry

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Category
o By Type
o By End-Use Industry

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Category
o By Type
o By End-Use Industry

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Category
o By Type
o By End-Use Industry

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Category
o By Type
o By End-Use Industry

Rest of the World
o By Region (South America, Africa)
o By Category
o By Type
o By End-Use Industry

This study focuses on the capacity, production, value, price and market share of the PU Foam market in the global market by the top manufacturers. The PU Foam market expands the awareness of any market participants, including end-use sectors, government bodies, investors and venture capitalists, entrepreneurs.

Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109,
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.