New York, NY -- (SBWIRE) -- 05/06/2019 -- Rising demand from various end-use industries is the major factor driving the market growth. Moreover, rise in per capita income and economic growth in the emerging economies is another factor propelling the market growth.

RISING DEMAND FROM VARIOUS END-USE INDUSTRIES

Polyurethane foams market is witnessing growth owing to rising demand from various end use industries. Polyurethane foams due to their low density, thermal conductivity and mechanical properties make them an excellent insulators and comfort materials. Therefore, it is widely used in broad range of end-use industries. Construction, bedding & furniture, electronics, footwear, packaging and automotive industries are the major consumers of polyurethane foams. Thus, rise in these industries will subsequently spur the adoption of polyurethane foams in numerous applications which in turn will drive the market growth.

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RISING DEMAND FROM VARIOUS END USE INDUSTRIES IN ASIA PACIFIC REGION IS BOOSTING THE DEMAND FOR POLYURETHANE FOAMS

In 2018, Asia Pacific region accounted for the significant share of the market. India, China, Indonesia, South Korea and Malaysia are the chief contributors towards the market growth. Growing construction, electronics and automotive industries in these regions is the major factor propelling the market growth. Moreover, rise in demand from furniture and bedding industry is another factor boosting the growth of the market. China is not only the major consumer but also major producer of polyurethane foams. Furthermore, rapid urbanization, rise in capital investments and ongoing construction projects in China is propelling the market growth.

By end use industry, in 2018 construction segment accounted for the major chunk of the market share and projected to maintain its position over the coming years. Polyurethane foams are used as insulators in the construction industry. The overall market for construction is anticipated to grow over US$ 15 trillion by 2030. As the construction industry will grow, subsequently the demand for polyurethane foams will also grow. Demand for polyurethane foams from automotive industry is anticipated to grow at a faster pace over the forecast period. Ideally it is used for cushioning purposes in car manufacturing but it also provides protection against noise and heat of the engine owing to its insulating properties.

RISING DEMAND FROM VARIOUS END-USE INDUSTRIES

Polyurethane foams market is witnessing growth owing to rising demand from various end use industries. Polyurethane foams due to their low density, thermal conductivity and mechanical properties make them an excellent insulators and comfort materials. Therefore, it is widely used in broad range of end-use industries. Construction, bedding & furniture, electronics, footwear, packaging and automotive industries are the major consumers of polyurethane foams. Thus, rise in these industries will subsequently spur the adoption of polyurethane foams in numerous applications which in turn will drive the market growth.

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Polyurethane Foams Market- Rest of the World (ROW) Polyurethane Foams Market

- - Rest of the World Polyurethane Foams Market, By Country/ Region
- - - Latin America
- - - Middle East & Africa

- - Rest of the World Polyurethane Foams Market Analysis & Forecast, By Type
- - Rest of the World Polyurethane Foams Market Analysis & Forecast, End- use Industry

COMPETETIVE LANDSCAPE

- Market Share Analysis (2018)
- Key Strategies Assessment
- - Agreement, Partnership & Collaboration
- - Expansion
- - Merger & Acquisition
- - Product Development, Product Launch and Product Deployment

COMPANY PROFILES(Business Overview, Products Offered, Financial Performance, R&D Intensity, Marketing & Sales Intensity, Recent Developments, Analyst Corner)*

- BASF SE
- Covestro AG
- DowDuPont
- Huntsman International LLC
- Recticel NV
- Trelleborg AB
- Chemtura Corporation
- Sekisui Chemical Co. Ltd.
- Rogers Corporation
- Fxi-Foamex Innovations

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