Global Polyurethane (PU) Foam Market To Reach A CAGR Of 6.0% from 2020 to 2028 | BASF SE, Bayer AG, Huntsman Corporation, Sekisui Chemical Co., Ltd., DowDuPont, Recticel NV, Foamcraft, Inc

The Global Polyurethane (PU) Foam Market is expected to grow from USD 39.68 billion in 2028, with a CAGR of 6.0% during the forecast period from 2020 to 2028. The main reasons behind the growth of the polyurethane foams market comprise the end-use industries like electronics, beddings and furniture, automotive, building and construction in developing countries like Thailand, India and others. Some of the others like the rising use of polyurethane foams in building insulations for the conservation of energy as well as versatility and unique physical properties of the polyurethane foams market are driving factors for the growth of the polyurethane foams market.

Top Key Players Profiled in this report are

1. BASF SE
2. Bayer AG
3. Huntsman Corporation
4. Sekisui Chemical Co., Ltd.
5. DowDuPont
6. Recticel NV
7. Foamcraft, Inc.
8. Tosoh Corporation
9. LANXESS
10. Wanhua Chemical Group Co., Ltd.
11. Nitto Denko Corporation
12. Eurofoam Group
13. Future Foam Inc.
14. Trelleborg, Sheela Foam Ltd
15. Woodbridge

COVID-19 Impact on Global Polyurethane Foam Market:

The QMI research team has been constantly monitoring the COVID-19 impact on the polyurethane foam market across regions and countries. The imposition of lockdowns in major countries across the globe has caused huge economic loss in terms of spending powers, job loss, closing down of many manufacturing segments, and weak market demand for various products and services across different polyurethane foam applications. Weak vehicle sales, slow construction activities, and poor demand from the electronics and furniture industry have impacted the polyurethane foam demand, mainly in Asia Pacific and Europe regions. All the recent and future developments associated with COVID-19 are considered while analysing market trends and making forecast in this study.

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Global Polyurethane (PU) Foam Report Provides:

● Detailed overview of global polyurethane (PU) foam market technologies.
● Research and Analysis of the latest trend along with the annual growth rate estimates for yearly assessments.
● Market analysis of global polyurethane (PU) foam market demand and its application with the help of newly invented technologies and breakdown.
● Insights of market opportunities that help to implement targeted customers marketing strategies for the polyurethane (PU) foam market.
● Global players that are dominating the global polyurethane (PU) foam market with detailed insights.

Market Dynamics

Polyurethane foams are used in insulation, adhesives, binders, sealants in a variety of construction products as well as other applications. Polyurethane foams are very flexible materials, which helps in reducing total infrastructural costs by reducing energy consumption in buildings. They help the architects for insulating buildings in an improved manner which reduces the consumption of oil, gas and electricity in them. This has resulted in the increasing use of polyurethane foams for buildings insulation applications. The major restraint leading to the growth of the polyurethane foam market are the strict environmental rules that are formulated by the US Environmental Protection Agency for the new as well as existing plant sites which are engaged in the manufacturing of flexible polyurethane foams.

Regional Analysis Of Global Polyurethane (PU) Foam Market

The report gives a thorough overview of the industry including qualitative and quantitative data. It also offers an overview and forecast of the global polyurethane (PU) foam market with the help of various segments. It gives the market size and forecast estimates year with respect to five major regions as North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. As compared to the market in other countries, the Asia Pacific market holds one of the largest revenue shares in the global market. Europe accounts for a large share of sales in the global market for polyurethane (PU) foam, followed by the North America, Latin America and Middle East & Africa markets. The market size, as well as forecast for each of the above-mentioned regions as well as countries, have been provided from the year 2016 to 2028 along with their respective CAGRs. This research study also contains the entire competition scenario in these countries.

Competitive Landscape Of Global polyurethane (PU) Foam Market

The report provides information related to the key developments in the global market as organic as well as inorganic growth strategies. Different companies aim to focus on organic growth strategies such as product approval, product launch, and many others. On the other hand, inorganic growth strategies include acquisition, collaboration and partnership.

Market Segmentation:

Polyurethane Foam Market, By Foam Type:
• Rigid
• Flexible
• Spray

Polyurethane Foam Market, By End User:
• Building & Construction
• Heat Insulation
• Air Sealing
• Furniture
• Electronics
• Insulations
• Sealing
• Packaging
• Automotive
• Interior
• Exterior
• Others
• Textile
• Others

Polyurethane Foam Market, By Raw Material Type:
• Methylene Diphenyl Diisocyanate (MDI)
• Toluene Diisocyanate (TDI)
• Others

Polyurethane Foam Market, By Distribution Channel:
• Online
• Offline
• Third Party

Polyurethane Foam Market, By Region:

North America Polyurethane Foam Market
• North America, by Country
•
o US
o Canada
o Mexico
• North America Polyurethane Foam Market, by Foam Type
• North America Polyurethane Foam Market, by End User
• North America Polyurethane Foam Market, by Raw Material Type
• North America Polyurethane Foam Market, by Distribution Channel

Europe Polyurethane Foam Market
• Europe, by Country
•
o Germany
o Russia
o UK
o France
o Italy
o Spain
o The Netherlands
o Rest of Europe
• Europe Polyurethane Foam Market, by Foam Type
• Europe Polyurethane Foam Market, by End User
• Europe Polyurethane Foam Market, by Raw Material Type
• Europe Polyurethane Foam Market, by Distribution Channel

Asia Pacific Polyurethane Foam Market
• Asia Pacific, by Country
•
o China
o India
o Japan
o South Korea
o Australia
o Indonesia
o Rest of Asia Pacific
• Asia Pacific Polyurethane Foam Market, by Foam Type
• Asia Pacific Polyurethane Foam Market, by End User
• Asia Pacific Polyurethane Foam Market, by Raw Material Type
• Asia Pacific Polyurethane Foam Market, by Distribution Channel

Middle East & Africa Polyurethane Foam Market
• Middle East & Africa, by Country
•
o UAE
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa
• Middle East & Africa Polyurethane Foam Market, by Foam Type
• Middle East & Africa Polyurethane Foam Market, by End User
• Middle East & Africa Polyurethane Foam Market, by Raw Material Type
• Middle East & Africa Polyurethane Foam Market, by Distribution Channel

South America Polyurethane Foam Market
• South America, by Country
•
o Brazil
o Argentina
o Colombia
o Rest of South America
• South America Polyurethane Foam Market, by Foam Type
• South America Polyurethane Foam Market, by End User
• South America Polyurethane Foam Market, by Raw Material Type
• South America Polyurethane Foam Market, by Distribution Channel

Objectives of this Report:
• To estimate the market size for polyurethane foam market on a regional and global basis.
• COVID-19 impact analysis across regions, along with a demand scenario analysis and future strategies adopted by the manufacturers and end users
• To identify major segments in the polyurethane foam market and evaluate their market shares and demand.
• In-depth pricing analysis and identification of the factors that impact polyurethane foam pricing
• Raw material demand and supply analysis
• Patent analysis across the regions
• To provide a competitive scenario for the polyurethane foam market with major developments observed by key companies in the historic years.
• To evaluate the key factors governing the dynamics of polyurethane foam market with their potential gravity during the forecast period.

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This release was published on openPR.