Our latest research report entitled Polyurethane Foam Market (by types (flexible, rigid, and spray foam), application (automotive, bedding & furniture, electronics, building & construction, footwear, packaging, transportation, textile & fibers, and coatings and adhesives)) provides complete and deep insights into the market dynamics and growth of Polyurethane Foam. The latest information on market risks, industry chain structure Polyurethane Foam cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Polyurethane Foam growth factors.
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Expanding Infrastructural Development in Growing Economies Propels the Growth
Polyurethane foam is a synthetic polymer that contains urethane radicals. Polyurethane foam is used to provide insulation and protection of material against external sources that propagate corrosion. Two types of polyurethane foam that are generally used are rigid and flexible foams. Rigid polyurethane foam is used for most insulation purposes while flexible polyurethane foam is used for packaging, padding and several commercial purposes. Polyurethane foam can also be classified based on its composition and fundamental properties, as either ester or ether polyurethane foam.
Polyurethane foam is used in several end-use sectors including the automotive, construction and packaging industries. The growing demand for polyurethane foams from the automotive industry for improving the riding comfort of the passengers is primarily driving the growth of this market. They are used extensively for interior components of automobiles, in seats, headrests, armrests, roof liners, dashboards, and instrument panels, as they are lightweight, durable, versatile, and offer freedom of design.
Furthermore, expanding infrastructural development in growing economies propels the growth of the polyurethane foam market. However, the fluctuations in the prices of raw material for the manufacturing of polyurethane foam and the growing environmental concerns hamper the growth of this market. Moreover, the introduction of bio-based polyurethane foam provides opportunities for the growth of the polyurethane foam market.
The Asia Pacific Dominates the Global Polyurethane Foam Market
Geographically, Asia Pacific dominates the global polyurethane foam market. The flourishing automotive and construction industry in the Asia Pacific countries such as China, Japan, Malaysia, and India are expected to drive the growth of the polyurethane foam market in this region. In addition, the presence of several polyurethane foam-manufacturing companies in China contributes to the growth of the Asia-Pacific polyurethane foam market.
Europe is anticipated to be the fastest-growing region owing to the presence of leading automotive companies in this region. The growth in infrastructure and growing foreign investments in developing economies is expected to boost the polyurethane foam market in the rest of the world region.
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Report on Global Polyurethane Foam Market Covers Segments such as Types and Application
On the basis of types, the sub-markets include flexible, rigid, and spray foam. On the basis of application, the sub-markets include automotive, bedding & furniture, electronics, building & construction, footwear, packaging, transportation, textile & fibers, and coatings and adhesives.
The report provides profiles of the companies in the market such as Covestro AG, BASF SE, Huntsman Corporation, Bayer AG, DowDuPont, Inc., Compagnie de Saint-Gobain S.A, Recticel Insulation, Chemtura Corporation, Trelleborg AB, Foamcraft, Inc., UFP Technologies, Inc., and Sekisui Chemical Co., Ltd.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/chemical-material/global-polyurethane-foam-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Polyurethane Foam.
- Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.