Categories
World

Rising Investment in Building & Construction and Efforts for Reducing Energy Consumption and CO2 Emission from Automotive Industry Driving the Demand for Polyurethane Foams Across the World

According to the latest report published by Acute Market Reports “Global Polyurethane Foams Market – Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global Polyurethane Foams market was valued at US$ 55.85 Bn in 2017, expected to grow at the CAGR of 5.2% from 2018 to 2026.

Market Insights

Due to diverse applicability, polyurethane foams are witnessing huge demand from various end-use industries such as bedding & furniture, building & construction, electronics, automotive & transportation, footwear, packaging, and others (textiles, refrigeration, etc.). Factors such as increasing demand from end-use industries owing to increased energy efficiency and reduced output weight coupled with rising middle class in the emerging markets supporting the growth of polyurethane foams across the globe. Polyurethane foams are lightweight and cheaper option over conventional materials in many end use sectors. Moreover, polyurethane foam is chemically stable, flexible, and acts as an ideal insulating material in building and construction sector. Polyurethane foam types includes flexible PU foam, rigid PU foam, and spray PU foam are significantly penetrating their end-use industries market as each type have different characteristics as per manufacturing and are designed to suit their application requirement in the end products. In 2017, Flexible PU Foam accounted for the largest share, followed by rigid PU foam and spray PU foam. Properties such as resiliency, light weight, and sound/energy absorption make flexible polyurethane foams a key material in bedding & furniture and automotive & transportation industry. While, rigid PU foam exhibiting the fastest growth during the forecast period from 2018 to 2026 reason being, with thermal insulation properties rigid PU foam is becoming a key material in building & construction end-use industry. Moreover, governments in developed as well as developing economies are formulating more policies promoting energy efficiency and conservation to achieve climate and energy objectives, which in turn drive rigid PU foam market in coming years.

Building & Construction held the largest share of Polyurethane Foams market by end-use industry in 2017. In building & construction industry, polyurethane foams find promising application in insulated panels, wall and roof insulation, and for doors and windows gap fillers. Versatility, energy efficiency, thermal/mechanical performance, and environmental savings characteristics of polyurethane foams making it an ideal material for this industry. Investment in infrastructure development and housing projects especially in developed economies expected to boost the demand for polyurethane foams in building and construction industry. Automotive & Transportation was the second largest end-use industry represented over 20% market share in 2017. Polyurethane Foams market has a positive outlook in automotive & transportation end-use industry on account of move towards greater fuel efficiency and rising demand from HVAC, headrests, seating, arm rests, and other interior systems.

Browse the full report Global Polyurethane Foams Market – Growth, Future Prospects and Competitive Analysis, 2018-2026 at  https://www.acutemarketreports.com/report/polyurethane-foams-market

Based on the geography, Asia-Pacific is the leading geography during 2017-2018 in terms of value and volume. China and India are among the major market for Asia-Pacific owing to population with rising disposable income, rapid economic growth and booming construction, automotive and electronics end-use industries. North America closely follows Asia-Pacific region in terms of value and volume consumption. North America PU Foams market is mainly driven by the increasing demand for flexible polyurethane foam automotive seating and customer needs. Moreover, rebound in furniture, interiors and construction industry in North America region also contributing to the overall polyurethane foams market growth

Key manufacturers of polyurethane foams operating in the market include BASF SE, Covestro, The Dow Chemical Company, Huntsman Corporation, Armacell, Chemtura Corporation, and Dowdupont among others.

The Global Polyurethane Foams Market is Segmented into:

ATTRIBUTE DETAILS
Research Period  2016-2026
Base Year 2017
Forecast Period  2018-2026
Historical Year  2016
Unit  USD Billion
Segmentation

 By Type Segment (2016–2026; Mn Ton, US$ Bn)

 By End-use Industry (2016–2026; Mn Ton, US$ Bn)

 Geography Segment (2016–2026; US$ Bn)

*Complete segmentation list is on report page

 

Key questions answered in this report

  • What are the current market trends and dynamics in the polyurethane foams market and valuable opportunities for emerging players?
  • Estimated forecast and market projections up to 2029
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which is the largest regional market for polyurethane foams?
  • What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • The worldwide market value of the polyurethane foams market in 2019 and 2020
  • Which are the key trends driving the global polyurethane foams market growth?
  • Who are the leading service providers in the polyurethane foams market worldwide?

About Acute Market Reports

Acute Market Reports is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives.

Contact Info.:-

Address: 90 Church St, FL 1 #3514,
New York, NY 10008
United States
Email: [email protected]
Toll Free(US/CANADA): +1-855-455-8662
Website: https://www.acutemarketreports.com

https://tramways-monthly.com/