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NEW YORK , Aug. 10, 2022 /PRNewswire/ -- Polyurethane (PU) foams are polymer foams manufactured by reacting polyols with diisocyanates in the presence of catalysts, such as alkali metal salts of carboxylic acids and phenols, organometallic compounds, and aliphatic and aromatic amines. These foams are used in various applications such as construction, automotive, furniture, and beddings.
The polyurethane foam market size is expected to grow by 5.44 mn tons between 2020 and 2025. In addition, the growth momentum of the market will accelerate at a CAGR of 7.05% during the forecast period, according to Technavio's latest market analysis report estimates.
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The PU foam market is fragmented, and the vendors are increasing their capacities to compete in the market. BASF SE, Covestro AG, Dow Inc., Henkel AG and Co. KGaA, Huntsman Corp., INOAC Corp., Mitsui Chemicals Inc., Recticel NV, Sheela Foam Ltd., and Trelleborg AB are some of the major market participants. The key offerings of some of the vendors are listed below:
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The flexible PU foams segment will contribute the highest market share growth during the forecast period. These foams have characteristics such as high durability and resilience and are lightweight. They are widely used in furniture and bedding, carpet cushioning for diverse industrial applications, automotive seating, and textile laminates. Hence, the rising applications of flexible PU foams in various industries will fuel their demand during the forecast period.
Flexible Foam Market by Application, Type, and Geography - Forecast and Analysis 2021-2025
Spray Polyurethane Foam Market by Type, Application, and Geography - Forecast and Analysis 2021-2025
Accelerate at a CAGR of 7.05%
APAC, Europe, North America, MEA, and South America
China, Germany, US, South Korea (Republic of Korea), and Italy
Leading companies, competitive strategies, consumer engagement scope
BASF SE, Covestro AG, Dow Inc., Henkel AG and Co. KGaA, Huntsman Corp., INOAC Corp., Mitsui Chemicals Inc., Recticel NV, Sheela Foam Ltd., and Trelleborg AB
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
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