PU Foam Market, By Category (Open Cell and Closed Cell), By Type (Flexible Foam, Rigid Foam, and Spr

Published Date: | Report Code : MT2058725

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The Global PU Foam Market is projected to reach USD 120.84 billion by 2028, growing at a CAGR of 8.6% during a forecast period. The high demand for polyurethane foam in the Asia Pacific region will drive the PU foam market during the forecast period.

PU Foam Market

PU Foam Market

Polyurethane belongs to the family of plastics and polymers. Polyurethane is naturally occurring in two states i.e. solid as well as liquid state. Polyurethane foam is mainly used as cushioning material and insulator in automotive seats. Polyurethane being highly flexible in nature is used extensively in the building & construction industry, as an insulating protective material as well as an adhesive. As it is soft and foamy, it is used as a cushion and mattress manufacturing material in the furniture industry. 

In the automotive industry, it is used as seat cushioning as well as in air safety bags. Approximately, 12% of PU foam produced globally is used in the automotive industry. With consumers demanding a more comfortable driving experience, PU foam has become an essential part of the automotive industry. Polyurethane has excellent sealing properties. Hence, it is extensively used as a sealant in the electronics industry to seal electronic components as well as maintain thermal isolation. It is used in freezers as a protective material as well as insulation against the cryogenic fluids present in it. The National Emission Standards for Hazardous Air Pollutants (NESHAP) and environmental regulations by the US EPA include rules for new and existing plants that manufacture polyurethane foam.

PU Foam Market

PU Foam Market

The PU foam market is dominant is the Asia Pacific region with North America is a close second. The tremendous growth of the automotive industry in China and India has strengthened the demand for flexible PU foam in these countries. The flexible foam segment is projected to dominate the PU foam market during the forecast period, accounting for approximately 24%-27% of the global usage. PU foam market in the Middle East is projected to witness highest growth during the forecast period. 

Key Factors Impacting the Growth of PU foam market:
    • Growth of automotive industry.
    • Increase in demand from building & construction industry.
    • Stringent regulations due to release of phosgene gas.
    • High raw material prices.

Key Developments in PU Foam Market:

• In 2017, Covestro introduced a new technology for the production of high quality, flexibe polyurethane foams made with carbon dioxide.

• In 2018, Huntsman Corporation announced the acquisition of Demilec, one of North America's leading manufacturers and distributors of spray polyurethane foam (SPF) insulation systems for residential and commercial applications, from an affiliate of Sun Capital Partners, Inc.

What Does This Report Provide? 
This report provides a detailed understanding of the global PU foam market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the PU foam market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation:
By Category:
    • Open Cell
    • Closed Cell

By Type:
    • Flexible Foam 
    • Rigid Foam
    • Spray Foam

By End-Use Industry:
    • Building & Construction
    • Automotive 
    • Packaging
    • Electronics
    • Footwear
    • Furniture

By Region:
    • North America
        ◦ By Country (US, Canada, Mexico)
        ◦ By Category
        ◦ By Type
        ◦ By End-Use Industry
    • Western Europe
        ◦ By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
        ◦ By Category
        ◦ By Type
        ◦ By End-Use Industry
    • Eastern Europe
        ◦ By Country (Russia, Turkey, Rest of Eastern Europe)
        ◦ By Category
        ◦ By Type
        ◦ By End-Use Industry
    • Asia Pacific
        ◦ By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
        ◦ By Category
        ◦ By Type
        ◦ By End-Use Industry
    • Middle East 
        ◦ By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
        ◦ By Category
        ◦ By Type
        ◦ By End-Use Industry
    • Rest of the World
        ◦ By Region (South America, Africa)
        ◦ By Category
        ◦ By Type
        ◦ By End-Use Industry

Companies Covered: Major Companies profiled in the report which are key players in the PU foam market include BASF SE, Covestro, the Dow Chemical Company, and Huntsman Corporation. Information about companies that are included in this report specifically highlights future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments done by these companies in the PU foam market.

Years Considered In The Study

Historic Year

2016, 2017

Base Year

2018

Forecast Period

2019-2028 

CAGR % (2019-2028)

8.6%

Reasons to Buy This Report:
    • Market size estimation of the global PU foam market on regional and global basis 
    • Unique research design for market size estimation and forecast 
    • Profiling of major companies operating in the market with key developments
    • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet specific requirements:
    • By Segment 
    • By Sub-segment 
    • By Region/Country
For more information, contact: [email protected]

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