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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