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The Global Polyurethane Foam Market is valued at US$ 49.60 Bn in 2019 and is estimated to grow at a CAGR of 6.46% over the forecast period to reach a US$ High Bn by 2027.

Syndicated report on Global Polyurethane Foam Market- size, share, and forecast (2020-2027) has been added to DataM Intelligence’s product offering.

2021-05-27

The Global Polyurethane Foam Market is valued at US$ 49.60 Bn in 2019 and is estimated to grow at a CAGR of 6.46% over the forecast period to reach a US$ High Bn by 2027.

Flexible segment accounted for the largest share of about 49.90% of the Global Polyurethane Foam Market in 2018, followed by the rigid foam  segment. Polyurethane foam is a synthetic polymer that contains urethane radicals. Polyurethane foam is used to provide insulation and protection of  material against external sources that propagate corrosion. PU Foams can be found in mattresses, upholstered furniture and car seats. Its applications are virtually endless, ranging from small but essential  items such as sponges in the kitchen, medical dressings to large filters and soundproofing systems that keep the environment clean and quiet. Polyurethane is a leading member of the wide-ranging and highly diverse family of polymers or plastics. Polyurethane can be a solid or can have an  open cellular structure, in which case it is called foam. There are two types of polyurethane foam that are generally used, namely: rigid and flexible. Rigid polyurethane foam is used for most insulation  purposes while flexible polyurethane foam is used for packaging, padding and several commercial purposes. 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. In the U.S. New York city saw an increase in hospitality and residential projects as the city remains a popular tourist location and that demand for housing (including  apartments and condominiums) has been on the rise.

Market Dynamics

Drivers

  • Building improvements and upgrades  government support on energy efficiency
  • Emergence of bio-based PU foams
  • Rapid urbanization in developing countries

Restraints

  • Environmental Regulations
  • Health hazard on use of TDI and MDI as a raw  material in production of PU foams

 

Rapid urbanization in developing countries

The burgeoning demand from the building and construction sector owing to the boost in infrastructural projects is likely to fuel growth in the global PU Foam market. Especially in developing countries like India, Brazil, and China, the expanding home furnishing sector owing to the  growing middle class and disposable income is likely to provide opportunities for the polyurethane foam market.

Flexible polyurethane foams are used for cushioning application in the furniture and bidding industry and are extensively preferred as they  provide thin profile cushion and comfort. The growth of revenue in the industry will be driven by the increasing demand for premium and  designer furniture. Increasing packaged beverage and food industry in Asia Pacific tied with strong demand for corrugated boxes are  anticipated to drive consumption in packaging applications. Therefore, driving the global PU Foam market.

Geographical Analysis

North America

The North America Polyurethane Foam Market is valued at USD 9.07 Bn in 2019 and is estimated to grow at a CAGR of 6.09% over the forecast period to reach USD 14.37 Bn  by 2027. The collective revenue of Polyurethane Foam by North America is expected to generate USD 96.13 Bn by 2027. The North American region held 20.87% market share in 2019 and is expected to reach 21.01% by 2027.

The North America Market consists of the US, Canada and Mexico regions. Polyurethanes are widely used in car manufacture, offering real benefits in terms of comfort, protection and energy conservation. Polyurethane foams can be found in seats, armrests and headrests of most cars, where their cushioning properties help to reduce the fatigue and stress often associated with  driving. Their durability and lightweight, combined with their strength, make them ideal not only for cushioning purposes, but also within the bodies of cars, where their insulation  properties provide protection against the heat and noise of the engine.

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For more information:

Sai Kiran

Sales Manager at DataM Intelligence

Email: info@datamintelligence.com

Tel: +1 877 441 4866

Website: www.datamintelligence.com

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Sai Kiran
Sales Manager at DataM Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866

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