According to the new market research report “Polyurethane Foams Market by Type (Rigid foam, Flexible Foam, Spray
Foam), End-use Industry (Building & Construction, Bedding & Furniture,
Automotive, Electronics, Footwear, Packaging, Others), and Region – Global
Forecast To 2025″, published by MarketsandMarkets™,
the Polyurethane Foams Market is projected to grow from USD 37.8 billion in
2020 to USD 54.3 billion by 2025, at a CAGR of 7.5% from 2020 to 2025. The
market is witnessing average growth across the world due to factors such as,
growing end-use industries in emerging economies, increased use of polyurethane
foams in building insulations for energy conservation and versatility and
unique physical properties of polyurethane foams.
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and in-depth TOC on “Polyurethane Foams Market”
199 – Tables
48 – Figures
246 – Pages
By type,
rigid foam is estimated to be the leading segment of polyurethane foam
from 2020 to 2025.
By type, rigid foam is estimated to dominate the polyurethane foam market,
globally, in terms of value. Factors, such as reduced energy costs, application
as insulating foams and structural foams in commercial and residential constructions,
as well as use of rigid foams for insulations in various electrical appliances
such as water heaters, refrigerators, coolers, vending machines, and freezers,
are expected to propel the demand for rigid foams in global polyurethane foam
market.
By end-use industry, automotive is
estimated to be the fastest-growing segment of polyurethane foam
By end-use industry, automotive segment is projected to record the highest
growth in the global polyurethane foams market, during the forecast period. The
high growth of the automotive end-use industry segment is majorly attributed to
the surge in demand for lightweight vehicles, which in -turn encourages the use
of polyurethane foams in this segment.
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Middle East is estimated to be the
fastest growing region in global polyurethane foam market during forecast
period
The Middle East is estimated to be the fastest growing region, in terms of
value, in the global polyurethane foams market. The growth of the Middle East
polyurethane foam market can be attributed to the flourishing building &
construction and bedding & furniture industries in the region that are the
key consumers of polyurethane foams. The increasing demand for energy-efficient
buildings in GCC is leading to the growth of the polyurethane foam market in
Middle East as well.
Covestro AG (Germany), BASF SE (Germany), Wanhua Chemical Group Co., Ltd.
(China), Dow Inc. (US), Huntsman Corporation (US), Sekisui Chemical Co., Ltd.
(Japan), Compagnie de Saint-Gobain SA (France), Bayer AG (Germany), Chemtura
Corporation (Lanxess) (US), DuPont (US), Recticel NV/SA (Belgium), Rogers
Corporation (US), UFP Technologies, Inc. (US), INOAC Corporation (Japan),
Trelleborg AB (Sweden), FoamPartner Group (Switzerland), FXI (US), Armacell
(Luxembourg), Eurofoam Group (Austria), Woodbridge Foam Corporation (Canada),
Future Foam, Inc. (US), and Tosoh Corporation (Japan), Foamcraft, Inc. (US), are the key players in polyurethane foam
market.
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