NEW YORK, Oct. 13, 2023 /PRNewswire/ -- The polyurethane foam market size is expected to grow by 6.84 million tons from 2022 to 2027. In addition, the growth momentum of the market accelerates at a CAGR of 7.63% during the forecast period, according to Technavio. Increasing demand for PU foams in furniture and bedding is notably driving the polyurethane foam market. However, factors such as increasing demand for alternatives to PU foams may impede market growth. We provide a detailed analysis of 20 companies operating in the polyurethane foam market including All Foam Products Co., Armacell International SA, Changzhou Sanhe Plastic Rubber Co. Ltd., Clark Foam Products Corp., Dafa AS, FoamPartner Switzerland AG, Hira Industries LLC, INOAC Corp., Johnson Controls International Plc., JSP Ltd., Mitsui Chemicals Inc., Orlando Products Inc., Palziv Inc., PAR Group Ltd., Pregis LLC, PTI Rubber and Gaskets Inc., Rogers Foam Corp., Sealed Air Corp., Wisconsin Foam Products, and Zotefoams Plc. This report provides a full list of key companies, their strategies, and latest developments. Buy Now for detailed company information
Polyurethane Foam Market 2023-2027: Company Analysis
Dafa AS - The company offers polyurethane bonded foam which is designed as sound-dampening material. The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a FREE Sample Report.
Polyurethane Foam Market 2023-2027: Segmentation
Application
- The furniture and bedding segment will be significant for market growth during the forecast period. The use of PU foams in furniture seats is driven by their characteristics of high density, remarkable elasticity, and long-lasting durability. As the demand for mattresses in the bedding and furniture sectors continues to rise, there will be a significant increase in the need for PU foams. Moreover, PU foams are extensively utilized in mattresses due to their distinct qualities, including resilience, memory, anti-bacterial properties, and breathability.
Geography
- APAC is estimated to account for 46% of the market growth during the forecast period. APAC was identified as the largest consumer of PU foam in 2020. Major countries such as China, South Korea, India, and Japan are major consumers of PU foam in the region. PU flexible foam is mainly used for mattresses and pillows. Population growth in APAC is expected to lead to high demand for furniture and bedding, and demand for PU foam in the region is expected to increase during the forecast period. In addition, increasing construction activities in APAC and growing demand for electronic appliances contribute to the increasing demand for PU foam in the region.
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View FREE PDF Sample Report
Related Reports:
The polyurethane (PU) coatings market is estimated to grow at a CAGR of 6.2% between 2022 and 2027. The size of the market is forecast to increase by USD 9,719.29 million.
The spray polyurethane foam market is estimated to grow at a CAGR of 9.04% between 2022 and 2027. The size of the market is forecasted to increase by USD 1,312.48 million.
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Type
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
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SOURCE Technavio
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