In 2017, the Global Polyurethane Foam Market size is forecast to be valued at more than 24.67 billion U.S. dollars, and is estimated to reach up to USD xx.xx billion by 2025, the global market is expected to grow at a CAGR of 6.1% during the forecast period. Polyurethanes are the leading component of the highly diverse family of plastics. The can either be or can have a cellular structure which is generally termed as foam. Polyurethane foam are mainly produced by reacting diisocyanates and polyols. The properties of polyurethane foams to mold into different shapes and sizes makes them suitable for many applications, which is one of the major factors driving the global polyurethane foam market. Polyurethane foams also provides with enhanced adhesive and dielectric properties as well as are resistant to temperature, abrasion and other environmental impacts.  

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

The growing use of polyurethane in the automotive, building and construction is projected to generate substantial revenue during the forecast period. However, fluctuating raw material prices coupled with the restriction for the use of isocyanates a major raw material in the production of polyurethane foam is anticipated to be a major factor restraining the global polyurethane foam market during the forecast period. According to insights and reports analysis, the global polyurethane foam market is expected to grow at CAGR of over 6.1% during the review period.

Polyurethane Foam Market: An Upward Trend

The diverse applicability of polyurethane foam has led its way into many end use industries including building & construction, automotive, electrical & electronics, packaging and others which in turn is estimated to add to the growth of the market during the assessment period. Moreover, the growing need for thermal insulation in buildings is also projected surge the market demand for polyurethane foams.

On the basis of product type, flexible polyurethane foam is anticipated to generate the highest gains during the forecast period. Flexible foams are extensively used in footwear’s carpet cushion, automotive seats, automotive arm rests & headlines and medical applications among others. Additionally, these foams help in resolving issues relating to vibration, fuel efficiency, and durability in automobiles. On, the basis of end use industry, the building and construction was the largest end use industry in 2017 and is estimated to show the same trend during the given period, where as the automobile industry is projected to show the highest growth by throughout the review period.  The rising application of polyurethane foam in the interior rims, seat cushions, bumper systems, gear knobs, door handles and others in the automobile sector is projected to boost the growth of the automotive segment.

Regional Analysis

The global polyurethane foams market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. According to Industry experts, the Asia Pacific market for polyurethane foam is projected to show burgeoning growth during the given period. The flourishing construction, electrical and electronics industry is the major factor attributing to this growth. China, India and Malaysia are the largest regional markets, with China being the major producer of polyurethane foams. The growing populations have propelled the automotive industry thereby adding to the demand for polyurethane foams in the automotive applications.

Global Polyurethane Foam Market Size, Share Analysis By Region 2017

Global Polyurethane Foam Market Study Objective

1. To forecast the market size of polyurethane foam market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of polyurethane foam market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of polyurethane foam market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of polyurethane foam market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the polyurethane foam market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

The proficient players operating in the global Polyurethane Foam market has adopted various organic and inorganic growth strategies to enhance their presence in the global market. For instance, in February 2017, BASF SE announced the addition of a new product to its product portfolio mainly targeted for the refrigeration industry. The new product Elastopor® H 2000 LD is a rigid polyurethane foam with a low global warming potential (GWP) and ozone depletion potential (ODP). Some of the major players operating in the global polyurethane foam market are BASF SE, Covestro AG, Dowdupont, Huntsman Corporation, Trelleborg AB, Sekisui Chemical Co. Ltd, Armacell, Eurofoam Gmbh, Foamcraft Inc., and Rogers Corporation among others.

Global Polyurethane Foam Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.