Global Polyurethane Foam Market - 8.4% CAGR to 2021 led by Electronics

Sep 14, 2016, 12:45 ET from ReportsnReports

PUNE, India, September 14, 2016 /PRNewswire/ --

The global polyurethane foam market size will grow from $46.05 billion in 2015 to $74.24 billion by 2021, at a CAGR of 8.4% propelled by increasing demand and wide application in diverse end-use industries with Electronics segment set to gain maximum growth during the forecast period.

Complete report on global polyurethane foam market spread across 236 pages, profiling 22 companies and supported with 199 tables and 68 figures is now available at http://www.reportsnreports.com/reports/268882-polyurethane-pu-foams-market-by-types-rigid-flexible-end-user-industries-bedding-furniture-building-construction-electronics-automotives-footwear-packaging-others-geography-north-america-west-europe-asia-pacific-row-global-trends.html.

Rigid and flexible polyurethane foams are the most widely used insulators in the appliance industry. Key products using polyurethane foam include televisions, refrigerators, air conditioners, and microwaves. In addition, polyurethane foam is also used in vacuum cleaners, shoe polish dispensers, and food processing enclosures and appliances. Polyurethane foam protects electronics by providing excellent dielectric and adhesive properties, as well as exceptional solvent, water, and temperature resistance.

Asia-Pacific accounted for the largest share of the global polyurethane foam market and this dominance is expected to continue during the forecast period. This is attributed to the large middle class population and continued industrialization in this region. The growing demand of polyurethane foam has led to increased footprints of global players in this region. Due to this, Asia-Pacific is the dominant market for polyurethane foam at a global level. Growth of the market is also due to the increasing applicability of polyurethane foam in various industries, such as bedding & furniture, building & construction, automotive, footwear, and packaging.

The various key polyurethane foam providers profiled in this report such as BASF SE (Germany), The Dow Chemical Company (U.S.), Bayer AG (Germany), Sekisui Chemical Co. Ltd. (Japan), Nitto Denko Corporation (Japan), Compagnie de Saint-Gobain S.A. (France), Huntsman Corporation (U.S.), Wanhua Chemical Group Co., Ltd. (China), Trelleborg AB (Sweden), Tosoh Corporation (Japan), Chemtura Corporation (U.S.), INOAC Corporation (Japan), Recticel NV/SA (Belgium), Vita (Lux III) S.à r.l. (Luxembourg), Armacell GmbH (Luxembourg), Foamcraft, Inc. (U.S.), FoamPartner Group (Switzerland), Future Foam, Inc. (U.S.), FXI-Foamex Innovations (U.S.), Rogers Corporation (U.S.), UFP Technologies, Inc. (U.S.) and The Woodbridge Group (Canada). Order a copy of Polyurethane Foam Market by Type (Flexible, Rigid, and Spray Foam), End-Use Industry (Bedding & Furniture, Building & Construction, Electronics, Automotive, Footwear, Packaging), and Region - Global Forecast to 2021 research report at http://www.reportsnreports.com/purchase.aspx?name=268882.

In the process of determining and verifying, polyurethane foam market for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (35%), Tier 2 (30%) and Tier 3 (35%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C Level Executives (25%), Director Level (30%) and others (45%) from various key organizations operating in the global polyurethane foam market. The primary interviews were conducted worldwide covering regions such as Asia-Pacific (45%), North America (30%), Europe (20%), Middle East (3%), Africa (1%) and South America (1%).

On a related note, another research on Polyurethane Adhesives Market Global Forecast to 2021 says, rising demand in Asia-Pacific is the major driver of the PU adhesives market. The market size is estimated to reach USD 9.38 billion by 2021, registering a CAGR of 6.8% between 2016 and 2021. Solvent-borne is the major technology driving the PU adhesives market. Companies like 3M, Arkema S.A., Ashland Inc., H.B. Fuller, Henkel AG & Co. KGaA, Huntsman Corporation, Illinois Tool Works Inc., Scott Bader Company Ltd., Sika AG and The Dow Chemical Company have been profiled in this 200 pages research report available at http://www.reportsnreports.com/reports/681693-polyurethane-adhesives-market-by-technology-solventborne-reactive-dispersion-and-hot-melt-type-thermoset-thermoplastic-application-building-construction-packaging-automotive-footwear-electrical-electronics-and-furniture-global-forecast-to-2021.html.

Explore more reports on the chemical market at http://www.reportsnreports.com/market-research/chemicals/.

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