Colored PU Foams Market (Flexible PU Foams and Rigid PU Foams) for Furniture & Interiors, Construction, Electronic Appliances, Automotive, Footwear, Packaging and Other Applications: Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019
Albany, NY -- (SBWIRE) -- 03/03/2015 -- The global colored PU foams market is growing at a CAGR of 7.8% from 2013 to 2019. The market will be worth US$17.59 billion by the end of 2019, after being valued at US$9.02 billion in 2012.
Transparency Market Research has released a research report titled "Colored PU Foams Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019". The report provides key information that a user can employ to formulate effective market strategies in the global colored PU foams market.
The report divides the global colored PU foams market into two segments on grounds of product: rigid PU foams and flexible PU foams. The latter held nearly 57% of the market in 2012. At the time, the demand for flexible PU foams was high due to heavy activity in automotive, packaging, and furniture industries.
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The current segment with the fastest growth rate, however, is rigid PU foams. Booming activity in construction and consumer electronics is creating a major demand for rigid PU foams. The demand is set to last throughout the forecast period.
The key factors that drive the global colored PU foams market, according to the report, are substantial demands from the sectors of construction and furniture and interiors. The sectors are set to boost the global colored PU foams market for the coming forecast period.
The Asia Pacific region is displaying phenomenal growth in the automotive sector, which is another major end-user of the global colored PU foams market. This aspect, along with a rising demand for colored PU foams in packaging applications, is set to drive the market even further.
The report also describes restraining factors for the global colored PU foams market, such as volatility of the prices of raw materials required in the PU foams industry along with increasingly stringent environmental regulations to protect the environment.
From a geographical standpoint, the report says that North Africa and the Middle East are set to show above-average growth rates in the global colored PU foams market, thereby promoting business in it.
In 2012, the dominant region in the global colored PU foams market was North America, followed by Europe. The growth is attributed to a high demand from the furniture and automotives industries.
The highest growth rate in the global colored PU foams market during the forecast period is expected to be set by Asia Pacific. The region is estimated to grow at a CAGR of 5.9% between 2013 and 2019. This growth is primarily attributed to the automotive and consumer electronics industries.
Browse the full Colored PU Foams Market (Flexible PU Foams and Rigid PU Foams) for Furniture & Interiors, Construction, Electronic Appliances, Automotive, Footwear, Packaging and Other Applications: Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019 report at http://www.transparencymarketresearch.com/colored-pu-foams-market.html
The top companies included in the report are Saint-Gobain Performance Plastics Corporation, Recticel SA, Rogers Corporation, The Dow Chemical Company, Huntsman Corporation, BASF SE, and Bayer MaterialScience AG.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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