Global Polyurethane Foam Market 2017-2022
Jul 06, 2017
The global polyurethane foam market is expected to reach an estimated $60.5 billion by 2022 and it is forecast to grow at a CAGR of 4.0% from 2017 to 2022. The major growth drivers for this market are growth in bedding and furniture industry, high demand of PU foam in building insulation for energy conservation and increasing automotive production.
Emerging trends, which have a direct impact on the dynamics of the polyurethane foam industry, includes emergence of carbon dioxide-based flexible foam and usage of natural based raw materials to manufacture polyurethane foam.
A total of 195 figures / charts and 166 tables are provided in this 221-page report to help in your business decisions.
Polyurethane foam companies profiled in this market include Recticel, UFP Technologies, Chemtura Corporation, Vita foam, Carpenter and Eurofoam Group are among the major suppliers for the global polyurethane foam market.
On the basis of its comprehensive research, Lucintel forecasts that bedding and furniture is expected to be the largest market. The footwear segment is expected to show the highest growth rate during the forecast period from 2017 to 2022.
Within the global polyurethane foam market, rigid foam, flexible foam, and spray foam are the various types of polyurethane foam. Flexible foam is expected to remain the largest market by value and volume, mainly driven by applications in different industries, such as furniture and bedding, automotive interiors, packaging, textiles, and others due to its lightweight, durable, resilient and energy absorption properties.
Asia Pacific is expected to remain the largest market and is also expected to witness above average growth over the forecast period due to growth in end-use industries. Increasing construction spending in countries, such as China, India, South Korea, and Indonesia is the major driver for the growth.
Read more: Global Polyurethane Foam Market 2017-2022