Dublin, Feb. 15, 2019 (GLOBE NEWSWIRE) -- The "Polyurethane Foam Market by Type (Flexible, Rigid, Spray Foam), End User (Bedding & Furniture, Building & Construction, Electronics, Automotive, Footwear, Packaging), and Region (Asia Pacific, Europe, North America) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The polyurethane foam market is projected to grow from USD 54.19 billion in 2018 to USD 79.77 billion by 2023, at a CAGR of 8.0% from 2018 to 2023.
Increase in the consumption of polyurethane foam in emerging Asian countries is expected to drive the growth of the polyurethane foam market. Due to the growing concerns regarding the dependence on fossil fuels and the impact of plastics on the environment, the polyurethane foam industry is continuously striving for sustainability in business practices. Polyurethane foam is expensive due to the fluctuating raw material prices, which act as a major restraint for the market. Changes in the demand and supply of these raw materials could have a major impact on the polyurethane foam industry. "The spray foam segment of the polyurethane foam market is expected to grow at the highest CAGR during the forecast period." Spray foams are basically low-to-medium density foams primarily used for insulation, flotation, and roofing applications. They are also used in packaging applications. The spray foam segment of the polyurethane foam market is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increased demand for spray foams from various end-use industries in emerging economies, such as India and China. "The polyurethane foam market in the Middle East is projected to grow at the highest CAGR during the forecast period." The polyurethane foam market in the Middle East is projected to grow at the highest CAGR from 2018 to 2023. This growth can be attributed to the increased demand for polyurethane foam from the building & construction industry in Middle Eastern countries. China is the largest market for polyurethane foam in the Asia Pacific region, in terms of value. The polyurethane foam manufacturing industry in China has undergone massive globalization and consolidation with increasing capital investments and ongoing infrastructure development projects.
It also discusses competitive strategies adopted by market players, such as BASF SE (Germany), Covestro (Germany), The Dow Chemical Company (US), and Huntsman Corporation (US).
Key Topics Covered:
1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 4.1 Attractive Opportunities in the Polyurethane Foam Market 4.2 Polyurethane Foam Market, By Region 4.3 Asia Pacific Polyurethane Foam Market, By Country & End User 4.4 Polyurethane Foam Market, By Type & Region 4.5 Leading Countries in the Polyurethane Foam Market 5 Market Overview 5.1 Introduction 5.2 Raw Material Analysis 5.2.1 Methylene Diphenyl Diisocyanate (Mdi) 5.2.2 Toluene Diisocyanate (Tdi) 5.2.3 Polyols 5.3 Market Dynamics 5.3.1 Drivers 5.3.1.1 Growth of End-Use Industries in Emerging Nations 5.3.1.2 High Demand for Polyurethane Foam in Building Insulation for Energy Conservation 5.3.1.3 Versatility and Unique Physical Properties 5.3.2 Restraints 5.3.2.1 Stringent Environmental Regulations On the Use of Flexible Polyurethane Foam 5.3.2.2 Fluctuating Prices of Raw Materials 5.3.3 Opportunities 5.3.3.1 Production of Bio-Based Polyols 5.3.4 Challenges 5.3.4.1 High Raw Material Costs Leading to Pricing Pressures On Pu Foam Manufacturers 5.4 Porter's Five Forces Analysis 5.5 Macroeconomic Indicators 5.5.1 Construction Industry 5.5.2 Manufacturing 5.6 Cell Structure of Polyurethane Foam 5.6.1 Introduction 5.6.2 Open-Cell Polyurethane Foam 5.6.3 Closed-Cell Polyurethane Foam 5.7 Size of Polyurethane Foam Cell Structure 5.7.1 Introduction 5.7.2 Microcellular 5.7.3 Nanocellular 5.8 Pricing Analysis 5.8.1 Introduction 6 Polyurethane Foam Market, By Density Composition 6.1 Introduction 6.2 Low-Density Polyurethane Foams 6.2.1 Reticulated Polyurethane Foams 6.2.2 Polyester Foams 6.2.3 Polyether Foams 6.3 Medium-Density Polyurethane Foams 6.4 High-Density Polyurethane Foams 7 Polyurethane Foam Market, By Type 7.1 Introduction 7.2 Flexible Foams 7.2.1 Applications of Flexible Foams 7.2.1.1 Cushioning 7.2.1.2 Apparel Padding 7.2.1.3 Filtration 7.2.1.4 Other Applications 7.3 Rigid Foams 7.3.1 Applications of Rigid Foams 7.3.1.1 Insulation 7.3.1.2 Decorative and Architectural Applications 7.3.1.3 Flotation Modules 7.4 Spray Foams 7.4.1 Applications of Spray Foams 7.4.1.1 Insulation 7.4.1.2 Air-Barriers 7.4.1.3 Flotation 7.4.1.4 Roofing 7.4.1.5 Packaging 8 Polyurethane Foam Market, By End User 8.1 Introduction 8.2 Bedding & Furniture 8.2.1 Polyurethane Foams for Bedding & Furniture 8.2.1.1 Mattress & Pillows 8.2.1.2 Medical 8.2.1.3 Carpet Cushioning 8.2.1.4 Seating 8.2.1.5 Office Furniture 8.3 Building & Construction 8.3.1 Polyurethane Foams for Building & Construction 8.3.1.1 thermal Insulations 8.3.1.2 Air Sealing 8.4 Electronics 8.4.1 Polyurethane Foams for Electronics 8.4.1.1 Sealing 8.4.1.2 Insulations 8.5 Automotive 8.5.1 Polyurethane Foams for Automotive 8.5.1.1 Cushion Overlays 8.5.1.2 Seat Foams 8.5.1.3 Door Panels 8.5.1.4 Energy Absorbers 8.5.1.5 Sound Absorption and Vibration Dampening 8.5.1.6 Others 8.6 Footwear 8.6.1 Polyurethane Foams for Footwear 8.6.1.1 Shoe Midsoles 8.6.1.2 Shoe Bottoms 8.6.1.3 Shoe Upper 8.7 Packaging 8.7.1 Polyurethane Foams for Packaging 8.7.1.1 Foam Packaging 8.7.1.2 Composite Packaging 8.8 Others 9 Polyurethane Foam Market, By Region 10 Competitive Landscape 10.1 Overview 10.2 Market Ranking Analysis 10.3 Competitive Situations & Trends 10.3.1 Expansions 10.3.2 Agreements 10.3.3 Acquisitions 10.4 New Product Launches 10.5 Mergers, Joint Ventures & Collaborations 10.6 New Product Developments 11 Company Profiles 11.1 BASF 11.2 Covestro AG 11.3 Dowdupont 11.4 Sekisui Chemical Co. Ltd. 11.5 Huntsman Corporation 11.6 Nitto Denko Corporation 11.7 Armacell 11.8 Chemtura Corporation 11.9 Compagnie De Saint-Gobain S.A. 11.10 Eurofoam Group 11.11 Foamcraft, Inc. 11.12 Foampartner Group 11.13 Future Foam, Inc. 11.14 Fxi-Foamex Innovations 11.15 Inoac Corporation 11.16 Recticel 11.17 Rogers Corporation 11.18 Tosoh Corporation (Nippon Polyurethane Industry Co., Ltd.) 11.19 Trelleborg 11.20 UFP Technologies, Inc. 11.21 Vita (Lux Iii) S. R.L. 11.22 Wanhua Chemical Group Co., Ltd. (Former: Yantai Wanhua Polyurethanes Co., Ltd.) 11.23 Woodbridge Foam Corporation 11.24 Other Leading Players 11.24.1 Adient 11.24.2 American Foam Products 11.24.3 Carpenter Co. 11.24.4 Foam Supplies, Inc. 11.24.5 Henkel Polybit 11.24.6 Heubach Corporation 11.24.7 Interfoam Limited 11.24.8 Interplasp 11.24.9 Rempac Foam
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