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Burgeoning Adoption of Polyurethane Foam in End-Use Industries Accelerating the Growth of GCC Polyurethane Foam Market

11-03-2020 03:58 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarkNtel Advisors LLP

GCC-Polyurethane-Foam-Market

GCC-Polyurethane-Foam-Market

The GCC Polyurethane Foam market is anticipated to experience high growth in the forecast period owing to the factors such as burgeoning adoption of polyurethane foam in end-use industries such as automotive and electronics, surging application of foams in building insulations for energy conservation, and boost in government investments on development of housing projects in countries such as UAE and Saudi Arabia. Besides these, upsurge in hospitality projects due to host of international events in the countries such as Qatar and the UAE, and rising government inclination to boost tourism sector are projected to drive the growth of the market. Moreover, rapid urbanization, rising demand for bio-based PU foams as these are energy efficient, and expansion in home furnishing sector on account of growth in disposable income are some of the factors leading to an optimistic impact toward the growth of the market in the forthcoming timeline.

According to MarkNtel Advisors’ research report titled “GCC Polyurethane Foam Market Analysis, 2021”, the GCC Polyurethane Foam market is expected to grow at a considerable CAGR during 2021-26F. Based on Type, Rigid Foam dominate the polyurethane foam market in 2019. The growth of the segment is attributed to surging demand for rigid foam among major verticals due to reduction in energy costs, burgeoning application in commercial and residential constructions, and extensive use in electrical appliances such as water heaters, refrigerators, and coolers. Hence, this is expected to fuel the growth of the segment in the near future.

View Report: https://www.marknteladvisors.com/research-library/gcc-polyurethane-foam-market.html?utm_source=Openpr&utm_medium=Pr

“GCC Polyurethane Foam Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for GCC Polyurethane Foam providers across the region. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
The outbreak of COVID-19 has had a pessimistic impact on the market on account of disruption in supply chain and lockdown imposition resulted in temporary shutdown of manufacturing units and various ports which impacted the demand for polyurethane foam in the region. However, the disruption in import and export of polyurethane foam further led to shortage of raw materials in various construction, bedding & furniture, and automotive industries. Besides these, the market is anticipated to gain sturdy pace in the early start of 2021.

Get Sample Report + All Related Graphs & Charts (with COVID 19 Analysis) @ https://www.marknteladvisors.com/query/request-sample/gcc-polyurethane-foam-market.html?utm_source=Openpr&utm_medium=Pr

Building and Construction Segment Registers Fastest Growth
Based on End User, Building and Construction is anticipated to grow at the highest CAGR by 2025. The polyurethane foam is used as thermal insulators in floorings & waterproofing applications as it is highly flexible, and decreases the infrastructural costs by minimizing energy consumption in buildings. However, the bedding & furniture segment is also projected to grow at a steady rate as these are used as padded furniture cushions, carpet cushion, and mattress padding and solid-core mattress cores. The rising disposable income of the middle class and burgeoning spending on various residential projects are anticipated to promulgate the growth of Polyurethane Foam market during the forthcoming years as well as stated in the MarkNtel Advisors’ research report “GCC Polyurethane Foam Market Analysis, 2021”.
According to MarkNtel Advisors, the key players with a considerable market share in the GCC Polyurethane Foam market include BASF SE, The Dow Chemical Company, Trelleborg AB, UFP Technologies, Inc., Huntsman International LLC., Covestro AG, Fritz Nauer AG (FoamPartner), Armacell International SA, Compagnie de Saint-Gobain S.A, Sheela Group, etc.

Market Segmentation:
1. By Type (Flexible, Rigid, spray Form)
2. By Category (Open, Closed)
3. By Density (Low, Medium, High)
4. By End-Users (Building & Construction, Bedding & Furniture, Automotive, Electronics, Footwear, Packaging, Others)
5. By Country (UAE, Saudi Arabia, Oman, Bahrain, Kuwait, Qatar)
6. By Company (BASF SE, The Dow Chemical Company, Trelleborg AB, UFP Technologies, Inc., Huntsman International LLC., Covestro AG, Fritz Nauer AG (FoamPartner), Armacell International SA, Compagnie de Saint-Gobain S.A, Sheela Group, etc.)

Key questions answered in the study:
1. What are the current and future trends of the Polyurethane Foam industry?
2. How the industry has been evolving in terms of sales demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Polyurethane Foam industry?
5. What is the customers’ orientation, purchase behavior, and expectations from the Polyurethane Foam firms across various regions?

MarkNtel Advisors
1147 88AVE, Delta, British Columbia, BC,V4C,3B8, CANADA
Email: updates@markntelgroup.com
Tel: +1613-707-5086
Website: https://www.marknteladvisors.com/?utm_source=Openpr&utm_medium=pr

MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

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