Press release
Polyurethane Foam Market Size, Trends - Industry Analysis Report 2021
Polyurethane Foam
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MarketsandMarkets projects that the polyurethane foam market size will grow from USD 46.05 billion in 2015 to USD 74.24 billion by 2021, at a CAGR of 8.4% between 2016 and 2021. The demand for the market is supported by increasing demand and wide application in diverse end-use industries.
Rigid and flexible polyurethane foams are the most widely used insulators in the appliance industry. Key products using polyurethane foam include televisions, refrigerators, air conditioners, and microwaves. In addition, polyurethane foam is also used in vacuum cleaners, shoe polish dispensers, and food processing enclosures and appliances. Polyurethane foam protects electronics by providing excellent dielectric and adhesive properties, as well as exceptional solvent, water, and temperature resistance.
Asia-Pacific accounted for the largest share of the global polyurethane foam market and this dominance is expected to continue during the forecast period. This is attributed to the large middle class population and continued industrialization in this region. The growing demand of polyurethane foam has led to increased footprints of global players in this region. Due to this, Asia-Pacific is the dominant market for polyurethane foam at a global level. Growth of the market is also due to the increasing applicability of polyurethane foam in various industries, such as bedding & furniture, building & construction, automotive, footwear, and packaging.
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Breakdown of Primaries
Primary interviews were conducted with a number of industry experts in order to collect data related to different aspects of the polyurethane foam market. Estimates reached after analyzing secondary sources were validated through these interviews. Primary sources included polyurethane foam manufacturers, distributors, consultants, and academic professionals. The distribution of primary interviews is as follows:
• By Company Type: Tier 1 –35%, Tier 2 – 30%, Tier 3 – 35%
• By Designation: C-level – 25%, Director level – 30%, Others – 45%
• By Region: Asia-Pacific – 45%, North America – 30%, Europe – 20%, Middle East – 3%, Africa – 1% South America – 1%
Key Points From Table Of Content:
12 Company Profiles
12.1 Introduction
(Business Overview' Products & Services' Key Insights' Recent Developments' SWOT Analysis' Ratio Analysis' MnM View)*
12.2 BASF SE
12.3 The DOW Chemical Company
12.4 Bayer AG
12.5 Ekisui Chemical Co. Ltd.
12.6 Nitto Denko Corporation
12.7 Compagnie DE Saint-Gobain S.A.
12.8 Huntsman Corporation
12.9 Wanhua Chemical Group Co.' Ltd. (Former: Yantai Wanhua Polyuretanes Co.' Ltd.)
12.10 Trelleborg AB
12.11 Tosoh Corporation (Nippon Polyurethane Industry Co.' Ltd.)
12.12 Chemtura Corporation
12.13 Inoac Corporation
12.14 Recticel NV /SA
12.15 Vita (Lux III) S.A.R.L (Former: British Vita (Lux III) S.A.R.L.)
12.16 Armacell GmbH
12.17 Foamcraft' Inc.
12.18 Foampartner Group
12.19 Future Foam' Inc.
12.20 Fxi-Foamex Innovations
12.21 Rogers Corporation
12.22 UFP Technologies' Inc.
12.23 The Woodbridge Group
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