Polyurethane Foam Market Is Anticipated To Grow At A Cagr Of 4.6% During 2021-2026

By Author: Lucintel LLC
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The global polyurethane foam market is projected to reach $63.4 billion by 2026, at a CAGR of 4.6% during 2021-2026. The growth of polyurethane foam market is driven by growth in bedding and furniture industry, high demand of PU foam in building insulation for energy conservation and increasing automotive production.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the polyurethane foam market by application type (building and construction, bedding and furniture, automotive and transportation, electrical and electronics, footwear and others), foam type (rigid, flexible and spray foam), density (high density foam, and low density foam), material (MDI based foam and TDI based foam), and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the polyurethane foam market?
Q.4 What are some changing demands of customers in the polyurethane foam market?
Q.5 What are the new developments in the ...
... polyurethane foam market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this polyurethane foam area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this polyurethane foam market?
Emerging trends, which have a direct impact on the dynamics of the industry, include emergence of carbon dioxide-based flexible foam, and polyurethane foam based on natural raw materials.

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Market Segmentation:
Based on foam type, the polyurethane foam market is segmented into rigid, flexible and spray foam. The flexible segment is accounted for the largest share of the market in 2020 by applications in different industries, such as furniture and bedding, automotive interiors, packaging, textiles, and others due to its lightweight, durable, resilient and energy absorption properties. Spray foam is expected to witness highest growth over the forecast period.
Asia Pacific is expected to be the largest region and it is also expected to witness the highest growth over the forecast period due to growth in end-use industries and also increasing construction spending in countries, such as China, India, South Korea, and Indonesia.
Key Players in the polyurethane foam market are Recticel Group, Eurofoam Group, Carpenter, Mitsui Chemical, Vitafoam, and NCFI.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/polyurethane-foam-market.aspx
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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