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Colored PU Foams Market to increase rapidly by 2020
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Based on cell structure, the colored PU foamsare classified as flexible and rigid. The flexible colored PU foams have open cell structure and are the most used PU foamsin the market.The flexible colored PU foams accounted for 57% of the total colored PU foams market. The flexible colored PU foams offersupport, comfort, resilience and aesthetics to the products.They find application in upholstery furniture, bedding, packaging and automotive accessories among others. The rigid colored PU foams are closed cells PU foams. They offer energy efficiency, high performance, versatility and thermal resistance. The rigid colored PU foams are used in construction and electronics appliances. They are used as insulating material in wall insulation, floor insulation, refrigerators and chillers.
The colored PU foams are used in numerous industries such as furniture and interiors, construction, electronics appliances, automotive, footwear, packaging and sports and leisure apparel among others. The furniture and interiors had the largest market share in colored PU foams market. The construction market had the second largest share and accounted for 24% of the total market.These two markets were the main drivers for the colored PU foams market in the past. However, there is a huge demand of colored PU foamsfrom electronics appliancesmarket and is expected to rise in the near future. Increasing demand from automotive industry is expected to drive the colored PU foams market in the coming years.The demand has increased due to various applications in cushion seats, head rests and cushioned panels.
The global colored PU foams market is growing dueto growth in the construction industry, especially in BRIC countries.The growth in the construction sector coupled with urbanization has been driving the colored PU foamsmarket in the past few years. In addition, the huge demand for automobiles from emerging markets is anticipated to drive the growth of colored PU foams. However, volatility in the raw material prices and environmental regulations arelikely to hamper growth of the colored PU foams market.Increasing demand of bio-based colored PU foamscoupled with rising demand from The Middle East and North Africa is expected to open opportunities for the growth of the market over the coming years.
The colored PU foamsdemand was highestfrom North America in 2012 and which also had the highest share of the global market, owing to growing demand from furniture and interiors and constructionindustry. North America market is expected to show steadygrowth with the development in various end-user industries for colored PU foam market. Europe had the second largest share for colored PU foams. The market is expected to grow owing to rise in demand from the packaging industry. The demand for colored PU foams is forecasted to surge in Asia Pacific due to huge demand from electronics and automotive industries. The RoW market is likely to show steady growth over the forecast period.
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Companies such as Bayer MaterialScience AG, BASF SE, Recticel S.A., The Dow Chemical Company, Huntsman Corporation and Saint-Gobain Performance Plastics Corporation are amongst the key players in the colored PU foams market.
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