SHERIDAN, WYOMING, UNITED STATES, November 11, 2021 /EINPresswire.com/ -- According to the latest report by IMARC Group, the global polyurethane (PU) foam market exhibited moderate growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of 6.81% during 2021-2026.

Report Metric

Historical: 2015-2020

Base Year: 2020

Forecast Year: 2021-2026

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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.

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List of Key Companies Covered in this Market Report:

BASF SE
Covestro AG
Foamcraft Inc.
Future Foam Inc.
Huntsman International LLC
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

The report has segmented the market on the basis of structure, product type, density, end-use industry and geography.

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

Breakup by Geography:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & 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.

Key highlights of the report:

Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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