Global Polyurethane Foam Market Analysis
According to Verified Market Research, The Global Polyurethane Foam Market was valued at USD 54.11 Billion in 2018 and is projected to reach USD 98.09 Billion by 2026, growing at a CAGR of 7.68% from 2019 to 2026.
What is Polyurethane Foam?
Polyurethane foam is a term that includes any foam that is synthesized using polyol and diisocyanate. These include but are not limited to memory foam, high resilience foam, and high-density foam. Polyurethane Foam can most often be found in mattresses, upholstered furniture and car seats as well as other various applications such as virtually endless, ranging sponges in the kitchen, medical dressings to large filters and soundproofing systems. Several memory foam mattresses are a grouping of polyurethane foams that are layered from dense on the bottom to less dense on the surface layers.
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Global Polyurethane Foam Market Outlook
In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Factors such as the high demand for polyurethane foam in building for energy conservation as well as the production of bio-based polyols are facilitating the growth of the market. Other factors that are aiding the market include the growth of the application of the Polyurethane Foam in various end-use industries. Factors such as the fluctuating prices of the raw material prices as well as stringent government regulations are restraining the growth of the market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Polyurethane Foam Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Polyurethane Foam Market Competitive Landscape
The “Global Polyurethane Foam Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such BASF, Sekisui Chemical Co. Ltd., Huntsman Corporation, Chemtura Corporation, Compagnie De Saint-Gobain S.A., Eurofoam Group, Covestro AG, Dowdupont, Nitto Denko Corporation, Armacell. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Global Polyurethane Foam Market, By Density Composition
• Low-Density Polyurethane Foams
• Medium-Density Polyurethane Foams
• High-Density Polyurethane Foams
Global Polyurethane Foam Market, By Type
• Flexible Foams
• Rigid Foams
• Spray Foams
Global Polyurethane Foam Market, By End User
• Bedding & Furniture
• Building & Construction
Global Polyurethane Foam Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
• Rest of the World