DUBLIN, Feb. 15, 2019 /PRNewswire/ --
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 estimated to be USD 54.19 billion in 2018 and is projected to reach USD 79.77 billion by 2023, at a CAGR of 8.0% between 2018 and 2023.
The growth of the polyurethane foam market can be attributed to the increasing demand for polyurethane foam from the bedding & furniture and building & construction end-use industries. Significant investments in new infrastructure development, new housing projects, and renovation of non-residential buildings in the US, China, India, and Brazil have also influenced the growth of the polyurethane foam market.
Based on end user, the polyurethane foam market has been classified into bedding & furniture, building & construction, electronics, automotive, footwear, packaging, and others. The others end user segment of the market includes electrical appliances, textiles & apparels, and transportation. The building & construction segment is expected to account for the largest share of the polyurethane foam market. This large share is primarily drive by the increase in the use of polyurethane foam owing to the growing demand for insulation from the building & construction industry.
Based on type, the polyurethane foam market has been segmented into rigid foam, flexible foam, and spray foam. The increasing demand for flexible polyurethane foam from the automotive industry in countries, such as India, China, and Malaysia, is driving the growth of the polyurethane foam market.
Flexible foams are widely used in various applications in the automotive, construction, and electronics industries. These foams help automobile manufacturers address issues pertaining to the weight, vibration, fuel efficiency, and durability of automobiles. Flexible foams are also used in bedding & upholstery, fabric coatings, print rollers, and footwear midsoles. The flexible foam segment is estimated to account for the largest share of the polyurethane foam market in 2018.
The polyurethane foam market in the Middle East is projected to grow at the highest CAGR during the forecast period. North America is projected to be the second-largest market for polyurethane foam, in terms of value. The growth of the polyurethane foam market in North America is mainly driven by the increasing demand for flexible polyurethane foam from end-use industries in this region. Moreover, there is a significant demand for polyurethane foam for specific applications, such as automotive seating and customer needs. There is also a high demand for spray polyurethane foam in the European region for use in the building & construction industry.
Asia Pacific is the largest market for polyurethane foam. The rising demand for flexible polyurethane foam, coupled with the increasing applicability of rigid polyurethane foam in the automotive and building & construction industries, is driving the growth of the Asia Pacific polyurethane foam market.
Polyurethane Foam Market
Key players in the polyurethane foam market have a strong customer base and wide regional presence. These players are adopting both, organic and inorganic growth strategies to stay competitive in the market. The adoption of growth strategies, such as expansions and agreements, has helped market players enhance their global reach and widen their customer base.
BASF SE (Germany), Covestro (Germany), The Dow Chemical Company (US), and Huntsman Corporation (US) are some of the key players operating in the polyurethane foam market. These companies are undertaking efforts to address the demand for polyurethane foam from the furniture and construction industries.
Key Topics Covered:
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
5.2 Raw Material Analysis
5.2.1 Methylene Diphenyl Diisocyanate (Mdi)
5.2.2 Toluene Diisocyanate (Tdi)
5.3 Market Dynamics
18.104.22.168 Growth of End-Use Industries in Emerging Nations
22.214.171.124 High Demand for Polyurethane Foam in Building Insulation for Energy Conservation
126.96.36.199 Versatility and Unique Physical Properties
188.8.131.52 Stringent Environmental Regulations On the Use of Flexible Polyurethane Foam
184.108.40.206 Fluctuating Prices of Raw Materials
220.127.116.11 Production of Bio-Based Polyols
18.104.22.168 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
5.6 Cell Structure of Polyurethane Foam
5.6.2 Open-Cell Polyurethane Foam
5.6.3 Closed-Cell Polyurethane Foam
5.7 Size of Polyurethane Foam Cell Structure
5.8 Pricing Analysis
6 Polyurethane Foam Market, By Density Composition
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
7.2 Flexible Foams
7.2.1 Applications of Flexible Foams
22.214.171.124 Apparel Padding
126.96.36.199 Other Applications
7.3 Rigid Foams
7.3.1 Applications of Rigid Foams
188.8.131.52 Decorative and Architectural Applications
184.108.40.206 Flotation Modules
7.4 Spray Foams
7.4.1 Applications of Spray Foams
8 Polyurethane Foam Market, By End User
8.2 Bedding & Furniture
8.2.1 Polyurethane Foams for Bedding & Furniture
220.127.116.11 Mattress & Pillows
18.104.22.168 Carpet Cushioning
22.214.171.124 Office Furniture
8.3 Building & Construction
8.3.1 Polyurethane Foams for Building & Construction
126.96.36.199 thermal Insulations
188.8.131.52 Air Sealing
8.4.1 Polyurethane Foams for Electronics
8.5.1 Polyurethane Foams for Automotive
184.108.40.206 Cushion Overlays
220.127.116.11 Seat Foams
18.104.22.168 Door Panels
22.214.171.124 Energy Absorbers
126.96.36.199 Sound Absorption and Vibration Dampening
8.6.1 Polyurethane Foams for Footwear
188.8.131.52 Shoe Midsoles
184.108.40.206 Shoe Bottoms
220.127.116.11 Shoe Upper
8.7.1 Polyurethane Foams for Packaging
18.104.22.168 Foam Packaging
22.214.171.124 Composite Packaging
9 Polyurethane Foam Market, By Region
10 Competitive Landscape
10.2 Market Ranking Analysis
10.3 Competitive Situations & Trends
10.4 New Product Launches
10.5 Mergers, Joint Ventures & Collaborations
10.6 New Product Developments
11 Company Profiles
11.2 Covestro AG
11.4 Sekisui Chemical Co. Ltd.
11.5 Huntsman Corporation
11.6 Nitto Denko Corporation
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
11.17 Rogers Corporation
11.18 Tosoh Corporation (Nippon Polyurethane Industry Co., Ltd.)
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
11.24.2 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
11.24.9 Rempac Foam
For more information about this report visit https://www.researchandmarkets.com/research/rtnpkz/global_79_77_bn?w=5
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets