According to the latest report published by Credence Research, Inc. “Global Polyurethane Foams Market – Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global Polyurethane Foams market was valued at US$ 55.85 Bn in 2017, expected to grow at the CAGR of 5.2% from 2018 to 2026.
The Polyurethane Foams Market Research Report Forecast 2018-2026 is an important source of insightful data for market strategists. It presents the Polyurethane Foams industry overview with growth analysis and past & futuristic cost, income, demand and supply data (as relevant). The research analysts present a detailed representation of the value chain and its distributor analysis. This Polyurethane Foams Market study gives complete data which improves the understanding. [Continue reading…]
Due to diverse applicability, polyurethane foams are witnessing huge demand from various end-use industries such as bedding & furniture, building & construction, electronics, automotive & transportation, footwear, packaging, and others (textiles, refrigeration, etc.). Factors such as increasing demand from end-use industries owing to increased energy efficiency and reduced output weight coupled with rising middle class in the emerging markets supporting the growth of polyurethane foams across the globe. Polyurethane foams are lightweight and cheaper option over conventional materials in many end use sectors. Moreover, polyurethane foam is chemically stable, flexible, and acts as an ideal insulating material in building and construction sector. Polyurethane foam types includes flexible PU foam, rigid PU foam, and spray PU foam are significantly penetrating their end-use industries market as each type have different characteristics as per manufacturing and are designed to suit their application requirement in the end products. In 2017, Flexible PU Foam accounted for the largest share, followed by rigid PU foam and spray PU foam. Properties such as resiliency, light weight, and sound/energy absorption make flexible polyurethane foams a key material in bedding & furniture and automotive & transportation industry. While, rigid PU foam exhibiting the fastest growth during the forecast period from 2018 to 2026 reason being, with thermal insulation properties rigid PU foam is becoming a key material in building & construction end-use industry. Moreover, governments in developed as well as developing economies are formulating more policies promoting energy efficiency and conservation to achieve climate and energy objectives, which in turn drive rigid PU foam market in coming years.
Browse the full Polyurethane Foams market – Growth, Future Prospects and Competitive Analysis, 2018 – 2026 report at https://www.credenceresearch.com/report/polyurethane-foams-market
The qualitative study of drivers and limitations of Polyurethane Foams Market
Key players in the global Polyurethane Foams Market Include BASF SE, Covestro, The Dow Chemical Company, Huntsman Corporation, Armacell, Chemtura Corporation, and Dowdupont among others.
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