According to IMARC Group’s latest report, titled “Polyurethane (PU) Foam Market Share: Industry Trends, Size, Growth, Opportunity and Forecast 2021-2026 the global polyurethane (PU) foam market to grow at a CAGR of 6.81% during 2021-2026.Polyurethane foam refers to a synthetic polymer that insulates and protects materials against moisture, abrasion, temperature, impact, and corrosion. It is hypoallergenic, durable, non-toxic, and can rapidly react with moisture. As a result, PU foam is widely utilized across diverse industries, including automotive, packaging, electronics, construction, etc.
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Market Trends
The expanding construction industry and increasing product demand in the furnishing sector are primarily augmenting the market growth. Furthermore, the escalating demand for flexible and semi-rigid polyurethane foams for applying coatings, paints, and adhesives is also propelling the global market for PU foam. Besides this, the introduction of several bio-based polyols to manufacture polyurethane foam with minimal or no carbon emissions is further catalyzing the product demand. Moreover, PU foams are extensively adopted in the automotive industry to produce lightweight automobile components, such as dashboards, airbags, armrests, etc. Additionally, the expanding product utilization in the packaging industry is further expected to drive the global market for PU foam in the coming years.
Polyurethane (PU) Foam Market 2021-2026 Analysis and Segmentation:
The report has segmented the market on the basis of Structure, product type, density, end-use industry and region.
Breakup by Structure:
Open Cell
Closed Cell
Breakup by Product Type:
Flexible Foam
Rigid Foam
Spray Foam
Breakup by Density:
Low Density
Medium Density
High Density
Breakup by End-Use Industry:
Bedding and Furniture
Building and Construction
Electronics
Automotive
Packaging
Footwear
Others
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Breakup by Region:
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being BASF SE, Covestro AG, Foamcraft Inc., Future Foam Inc., Huntsman International LLC. (Indorama Ventures Public Company Limited), Recticel NV/SA, Rogers Corporation, Saint-Gobain S.A., Sekisui Chemical Co. Ltd., The Dow Chemical Company, Tosoh Corporation, UFP Technologies Inc., Wanhua Chemical Group Co. Ltd., etc.
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