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Polyurethane (PU) Foam Market to 2024 ? Market Estimate DeAndre
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, Industry Size: Grand View Research, Inc.
Business Articles | May 2, 2016
Grand View has announced the addition of "Polyurethane (PU) Foam Market
Analysis and Segment Forecasts To 2024" Market Research report to their

The global?Polyurethane Foam Market?is expected to reach USD 91.96 billion by
2024, according to a new report by Grand View Research, Inc. Increasing
construction spending coupled with high demand from bedding & furniture
industry for cushioning and insulation is estimated to drive industry growth.?

Polyurethane foams consumption is anticipated to increase significantly owing
to reduced wastage Cullen
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, elevated recyclability, greater
sustainability, and reduce energy consumption throughout their life cycle.
Growing requirement in end-use industries such as packaging and footwear is
anticipated to further compliment growth.?

Various governments and federal agencies are increasingly being concerned
with detrimental health effects of isocyanates utilized in PU production. Recent
trends in PU production include the elimination of chlorinated fluorocarbon
blowing agents, due to toxicity & sustainability concerns.?

Browse full research report on Global Polyurethane (PU) Foam Market:?

Further key findings from the report suggest:

Global polyurethane foams market demand was 9.46 million tons in 2015 and is
expected to reach 12.74 million tons by 2024, growing at a CAGR of 3.3% from
2016 to 2024 Flexible foam was the leading product segment and accounted for
over 55% of the global volume in 2015. Strong demand from end-use industries
such as transportation and furniture for cushioning applications is expected to
drive the segment growth over the forecast period. Construction accounted for
over a quarter of overall volume in 2014. Increasing construction spending
coupled with regulatory intervention are expected to remain key driving factors
for this segment. Transportation is expected to witness the highest growth of
4.1% over the forecast period. Increasing automobile production in Asian
countries such as India Kahale
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, China, Indonesia, and Thailand is expected
to remain a key driving factor for this segment. Recovery of automotive industry
from financial crisis in the U.S and parts of Europe are also expected to fuel
demand growth. Asia Pacific emerged as the leading consumer with demand share
estimated at 44.6%in 2015. Asia Pacific is also expected to witness the highest
growth over the forecast period. Emerging economies of China and India are major
consumers of PU foam and are characterized by rapidly expanding manufacturing
sector along with adequate raw material availability. Global Polyurethane Foam
Market is fragmented in nature with considerable presence of integrated
companies as well as independent manufacturers. Key industry participants
include BASF S.E., Huntsman Corporation, Trelleborg AG Max
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, The Dow Chemical Company and Recticel


Read detailed report or request for sample of this research report:?

Grand View Research has segmented the polyurethane foams market on the basis
of product, application and region:

Global Polyurethane Foams Product Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2014 - 2024)

Rigid Foam Flexible Foam

Global Polyurethane Foams Application Outlook (Volume Lonnie
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, Kilo Tons; Revenue, USD Million, 2014 -

Bedding & furniture Transportation Packaging Construction Electronics
Footwear Others

Polyurethane Foams Regional Outlook (Volume, Kilo Tons; Revenue, USD
Million Tytus Howard
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,?2014 - 2024)

North America U.S Canada Mexico Europe Germany France UK Russia Asia Pacific
China India Japan South Korea Central & South America Brazil Middle East
& Africa Saudi Arabia

Browse more reports of this category by Grand View Research:?


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