DUBLIN, Dec. 16, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Polyurethane Foam Market 2016-2020" report to their offering.
The report forecasts the global polyurethane foam market to grow at a CAGR of 7.84% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One of latest trends in the market is increasing number of manufacturers in APAC. Lower supply constraints in Europe, following the establishment of new polyurethane production facilities in China, will likely restrict the elevated costs of production, thereby reducing the cost of the product. Established manufacturers in Asia provide high capacity utilization to cater to the growing demand from South America and Europe. APAC accounted for 40% of the global manufacturing capacities in 2015. This region is the largest consumer of polyurethane, accounting for more almost half of the global polyurethane consumption. However, the consumption of polyurethane in the other regions is also likely to increase during 2016-2020.
According to the report, one of the primary drivers in the market is growth in furniture and bedding industry. The global population is rising due to reduced mortality rates and increased lifespan owing to better medical facilities, and an increase in birth rates. Although there are many factors that can increase death rates over a short period, there are factors that increase birth rates over longer periods. Diseases that once claimed thousands of lives are now curable. The birth rate has been enhanced due to fertility treatments, and increasing income is also leading to bigger families. Population growth across regions is increasing the demand for basic household needs, including bedding, cushions, pillows, and upholstered furniture, thereby driving the market growth.
Further, the report states that one major challenge in the market is hazards associated with polyurethane.
- Dow Chemical
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by type
Part 07: Market segmentation by end-user industries
Part 08: Geographic segmentation
Part 09: Market drivers
Part 10: Market challenges
Part 11: Impact of drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Appendix
For more information about this report visit
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SOURCE Research and Markets