DUBLIN, Aug. 05, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/h47g97/polyurethane_foam) has announced the addition of the "Polyurethane Foam Market by Type (Flexible Foam, Rigid Foam), by End-User Industry (Bedding & Furniture, Building & Construction, Electronics, Automotive, Footwear, Packaging, Others), by Geography - Global Trends & Forecasts to 2020" report to their offering.
The Global Polyurethane Foam Market was valued at $46.8 Billion in 2014, which is expected to reach $72.2 Billion by 2020, at a CAGR of 7.5% during the period under consideration.
Asia-Pacific is the fastest-growing market as it is a major consumer of polyurethane foam, with furniture and construction industries being the largest users in this region. The demand for polyurethane foams is increasing from developed and developing countries, such as Japan, China, India, Australia, and others.
To meet this growing demand, top manufacturers from the U.S. and Western Europe are now focusing on the Asia-Pacific region for the expansion of their polyurethane foams businesses in these regions. Increasing affluence and consumer spending in emerging economies, such as India and China, are expected to drive the demand of polyurethane foams. The PU foams market in this region is projected to register a CAGR of 5.7% during the forecast period from 2015 to 2020.
The increasing application of polyurethane enables the usage of PU foam in the bedding & furniture industry. The furniture & bedding and building & construction industries dominated the global polyurethane foams market with 32.2% and 25.6% market shares, respectively, in 2014. The furniture & bedding application segment is projected to grow at the highest CAGR of 7.6% during the given forecast period, and sustain its leading position in the market till 2020.
The building and construction segment is also projected to grow at a CAGR of 7.6%. This growth could be attributed to the emerging auto manufacturing sector and the requirement for sophisticated infrastructure. In addition, huge investments were made in the last few years by key companies, such as BASF SE (Germany), Bayer Material Science (U.S.), the Dow Chemical Company (U.S.), and Huntsman Corporation (U.S.) to meet the future demands of polyurethane foams arising from the growing global furniture and construction industries.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Polyurethane Foams Market, By Type
8 Polyurethane Foams Market, By End-User
9 Regional Analysis
10 Competitive Landscape
11 Company Profiles
- Armacell Gmbh
- Basf SE
- Bayer AG
- Chemtura Corporation
- Compagnie De Saint-Gobain S.A.
- Foamcraft, Inc
- Foampartner Group
- Future Foam, Inc
- Fxi-Foamex Innovations
- Huntsman Corporation
- Inoac Corporation
- Nitto Denko Corporation
- Recticel NV /SA
- Rogers Corporation
- Sekisui Chemical Co. Ltd
- The Dow Chemical Company
- The Woodbridge Group
- Tosoh Corporation (Nippon Polyurethane Industry Co., Ltd.)
- Trelleborg AB
- Ufp Technologies, Inc
- Vita (Lux Iii) S.A.R.L (Former: British Vita (Lux Iii) S.A.R.L.)
- Wanhua Chemical Group Co., Ltd. (Former: Yantai Wanhua Polyuretanes Co., Ltd.)
For more information visit http://www.researchandmarkets.com/research/h47g97/polyurethane_foam
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SOURCE Research and Markets