Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Polyurethane foams (PU) are a plastic material or polymer consisting of organic units linked by carbonate links. Polyurethane foam finds major application in di-isocyanides, tri- isocyanides and polyols, along with these amine catalyst, bio derived material, hydroxyl and amine terminated compounds are used in its formation. Foam and non-foam PU are further modified by using surfactants. Hydrogen bonding also determines the properties of final PU product. Foam products are ecologically beneficial for constructed structures, as they help interior noise pollution levels. This market finds major application durability, comfort, lightweight and cheaper than polyolefin foams, captured large market share. The global polyurethane foam market can be used in modern houses and other commercial construction projects. Polyurethane foams can also be used to improve sound comfort and environment majorly in residential areas. This benefit has lead towards increased demand of the product, thus boosting the global polyurethane market. The report analysis of Polyurethane foams is based on density, application, type, end user and geography.
A key driving factor of the global polyurethane foam market include environment sustainability and energy conservation, versatility and unique physical properties, growth of end-user industries in emerging nations such as packaging industry and rapid growth of the construction industry. This is mainly due to the usage of foam or insulation, sound absorption, padding, and for strengthening the structures. High performance, light weight properties along with rising demand from automotive and electronic appliances for usage in interior trims, refrigeration insulation and seat cushioning should also fuel polyurethanes market growth. In the global polyurethane foam market, rigid foam, flexible foam, and spray foam are the various product types of polyurethane foam. Flexible foam is expected to remain the largest market by value and volume.
Global polyurethane market is mainly driven by applications in different industries, such as bedding & furniture, building & construction, electronics, automotive, footwear, packaging and others. Others include includes transportation, textile & apparel, and appliances. By density, the PU foam market is segmented by low-density polyurethane foam, medium-density polyurethane foam and high-density polyurethane foam. The various end users of polyurethane foam are heat and sound insulation, aesthetics and seating comfort, packaging safety and dielectric and adhesive. By geography, this market covers North America, Europe, APAC and Rest of the World. North America is expected to witness significant growth during the forecast period. North America comprises U.S., Canada and Mexico whereas Europe would primarily cover Germany, France, UK, Italy and Rest of Europe. The key countries included under Asia Pacific are China, Japan, India, Australia, and Rest of Asia Pacific. Rest of the World include Latin America and Middle East and Africa. China market witnessed high growth soon due to the shift of the global one component polyurethane foam production facilities to the country. Owing to the shifting of the global one component, polyurethane foam has fuelled rapidly in China and is also expected to observe high growth in the upcoming years. Nowadays India, Thailand and Indonesia, are investing heavily, and hence these countries are expected to lead market growth.
The one component polyurethane foam market is expected to grow in Asia Pacific due to the various investments made in this market by countries like India, Thailand and Indonesia Key players in the component polyurethane foam market include BASF SE, The DOW Chemical Company, Bayer AG, Ekisui Chemical Co. Ltd., Nitto Denko Corporation, Compagnie DE Saint-Gobain S.A., Huntsman Corporation, Wanhua Chemical Group Co.' Ltd. (Former: Yantai Wanhua Polyuretanes Co.' Ltd.), Trelleborg AB, Tosoh Corporation (Nippon Polyurethane Industry Co.' Ltd.), Chemtura Corporation, Inoac Corporation, Recticel NV /SA, Vita (Lux III) S.A.R.L (Former: British Vita (Lux III) S.A.R.L.), Armacell GmbH, Foamcraft' Inc., Foampartner Group, Future Foam' Inc., Fxi-Foamex Innovations, Rogers Corporation, UFP Technologies' Inc., The Woodbridge Group and Nitto Denko Corporation.
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