Polyurethane Foam Market to Register a Healthy CAGR for the Forecast Period, 2021-2030

 



The vendor landscape of polyurethane foam market is showcasing an intensified competition due to the existence of large and small players, mentions Transparency Market Research in a recent published report. In order to offer innovative products, many key vendors have started expanding in different geographical regions. Some of the prominent key players in the global polyurethane foam market are Nitto Denko Corporation, Trelleborg AB, Tosoh Corporation, BASF SE, Compagnie DE Saint Gobain SA, and The Dow Chemical Company.

As per TMR predictions, the opportunity in global polyurethane foam market is expected to grow to US$74 bn by 2022, rising from US$51.4 bn in 2015. The market is prognosticated to reflect a robust CAGR of 7.6% in the forecast period. Based on product type, the market dominated by flexible polyurethane foam in 2017 with a larger market share of 50.2%. This segment is expected to be worth US$36 bn by 2022, from US$25.5 bn in 2017. Based on region, the polyurethane foam market is more likely to excel in regions like Europe, Asia Pacific except Japan. Asia Pacific is the dominant market regionally which contributed to 40% of the overall revenue of polyurethane market in 2017. This region is estimated to become a prominent contributor to this market regionally by the end of forecast period. The polyurethane foam market in Europe is projected to showcase a solid CAGR of 7.2% from 2017-2022 and is expected to rise at a revenue of US$17.8 bn by 2022.

polyurethane foam market

Request A Sample- https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=33287

Flexible Polyurethane Foam Market Accounts for the largest Share in Polyurethane Foam market in 2017

The global polyurethane foam market comprises of various diverse sectors such as the automotive industry, packaging industry, and the construction industry, witnesses Transparency market research in a recent market report. Due to its lightweight property, it has an upper hand and puts an advantage over conventional goods for few end use industries. It operates as an ideal agent for insulation and is therefore, expected to propel in demand in the forecast period 2017-2022. TMR says that a lot of companies are planning to take over small scale businesses so as to gain more experience and manpower resulting into expansion.

Oil and gas Sector to Augment the Polyurethane Foam Market

Polyurethane foams are flexible, durable, chemically stable, and provide resistance to heat, moisture, and electricity. In addition to this, they have the qualities to maintain enhanced cushioning and sealing. As a result of these properties, industries like oil and gas, automotive, and others make optimal use of polyurethane foams. In the oil and gas industry, use of polyurethane foams in the insulation of pipelines guarantees smooth operational functioning. In automotive sector, vehicle equipment like armrests, dashboards, and other exteriors are expected to increase the utilization of polyurethane foam. The usage of these foams support residential buildings in maintaining the noise levels and uniform temperature.

The polyurethane market provides environmental benefits which include recyclability, reduction in wastage, and higher sustainability. However, some federal and government agencies are concerned with the adverse health issues of isocyanates used in the production of polyurethane foam.

Purchase A Report- https://www.transparencymarketresearch.com/checkout.php?rep_id=33287&ltype=S

Chemicals and Materials Sector

Regulations, both region-specific and global, have made massive influence on the microeconomics of the materials and chemicals sector. Governments are intent on promoting the reduce the carbon footprint of the entire chemical and materials manufacturing. As a result, forward-looking organizations in the Polyurethane Foam market are fervently looking for ‘green’ or low-carbon footprint processes across the entire the value chain. The trend has gained huge momentum from the growing awareness among customers of the affects that chemicals have on the ecology and environment.

Comments

Post a Comment

Popular posts from this blog

Compresed Fiberboard Market Size, Analytical Overview, Growth Factors, Demand, Trends And Forecast To 2027

  Compressed Fiberboard Market: Introduction ·          A compressed fiberboard is a type of engineered wood wallboard, which is composed of wood fibers, sawdust, softwood flakes, and other materials such as paper or cardboard. All these materials are mixed with synthetic resin and wax and then, compressed in a de-fibrator machine under heat to form rigid sheets. Types of Compressed Fiberboards ·          Based on density, compressed fiberboards are classified into three key types: low-density fiberboards (LDFs), medium-density fiberboards (MDFs), and high-density fiberboards (HDFs). Low-density fiberboards, also known as particle boards, primarily used for wall paneling, molding, and furniture manufacture. The density of low-density fiberboards usually ranges between 160 kg/m³ and 450 kg/m³. Particle boards are less strong and inexpensive compared to MDFs and HDFs. Low-density fiberboards are more vulnerable to humidity or moisture, which makes them unsuitable for outdoor usage
Read more

Maqui Berries Market Positive Outlook for Industry Opportunities & Trends for Expansion during 2018-2028

Image
  Maqui Berries Market: Increased Consumer Spending on Organic & Clean-Label Nutrition to Favor Gains   Maqui berries, in line with the superfast success of pomegranate products, are receiving their share of limelight, with consumers curious to leave old and try something new, particularly products that are perceived to offer more health value. From being spawned as weight support aids, to immune supporters, and energy providers, maqui berries have already gained significant hype and popularity – our research finds sales of maqui berries reached US$ 863.7 Mn in 2018.  The paradigm consumer shift towards healthy foods, coupled with growing recognition of health benefits of maqui berries among them continues to create significant opportunities for manufacturers. Though the high cost constraint of maqui berries triggers reluctance to adoption among customers, alike, high nutritional profile of this fruit continues to keep the sales flowing.  Maqui Berries Market – Buoyed by Consumer
Read more

Polyurethane Screen Panels Market is Projected to Garner Significant Revenues by 2030

  Polyurethane Screen Panels Market:  Introduction ·          Polyurethane screen panels are primarily used for screening of abrasive materials. They offer excellent abrasion resistance, long service life, less maintenance, excellent oil resistance or wettability, corrosion resistance, non-flammability, vibration and sound absorption ability, screening efficiency, power saving, and increased lifespan of screening equipment. These properties are expected to boost the demand for polyurethane screen panels in the near future. ·          Polyurethane screen panels are widely employed in various end-use industries such as mineral processing, coal & steel, recycling, mining, and cement. Among these end-use industry segments, mineral processing and coal & steel segments are expected to hold a major share of the global polyurethane screen panels market during the forecast period. Request A Sample- https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=770
Read more