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Colored PU Foams Market Analysis by Global Trends , Segments, Growth, Size and Forecast 2019
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With the booming construction industry and rapid urbanization in BRIC countries, the overall colored PU foams market is witnessing significant growth. The expanding automotive sector in Asia Pacific is also expected to drive demand for colored PU foams in the near future. Factors such as volatile feedstock prices and environmental concerns regarding the use of these materials will slow down the growth of the market. However, development of biobased PU foams will address such concerns, which have the potential to hinder growth of the colored PU foams market.From a geographical viewpoint, North Africa and the Middle East are set to exhibit above-average growth rates in the global colored PU foams market in the near future. In 2012, North America represented the largest colored PU foams market, followed by Europe. The dominance of these regions is attributed to high demand from the automotive and furniture industries.
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However, Asia Pacific is set to exhibit the highest growth rate in the global PU foams market during the forecast period.
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Driven by the burgeoning automotive and consumer electronics industries, the colored PU foams market in the region is expected to grow at a 5.9% CAGR between 2013 and 2019.Based on the cell structure, colored PU foams are classified into two types: flexible PU foams and rigid PU foams. Of the two, flexible PU foams are most used, as they add to the comfort, flexibility, and aesthetics of the products. For such reasons, this product segment accounted for nearly 57% of the market in 2012. On the other hand, rigid colored PU foams offer energy efficiency, versatility, high performance, and thermal resistance. These find application as insulating material in wall insulation, refrigerators, floor insulation, and chillers.Profiled in the report are top companies in the global colored PU foams market, which are Saint-Gobain Performance Plastics Corporation, Rogers Corporation, Huntsman Corporation, Bayer MaterialScience AG, Recticel SA, The Dow Chemical Company, and BASF SE.
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