The polyurethane foams are used for the manufacturing and production of resilient foam applications including insulation panels, adhesives, gaskets, tires, among others. It is mainly derived through the usage of isocyanates or polyols. Their protection from solvents makes them attractive by textile producers. This in blend with their high heating capacity which has broadened its extension across footwear, packaging and automotive sectors. The thriving interest from the construction and building segment attributable to the augment in infrastructural ventures is probably going to net in a high bonus for the market. The extending home furnishing segment inferable from the developing working class is probably going to give growth opportunities to the polyurethane foam market. Confinements put on methylene chloride could hinder the growth of the market in the upcoming years. It is estimated that the global polyurethane foam market would reach the valuation of USD 76,065.74 million during the forecast period (2018-2023) by growing at a CAGR of 8.36%.
The global polyurethane foam market is segmented on the basis of its type, application and regional demand. Based on its type, the market is classified into spray, rigid and flexible. On the basis of its application, the global market is bifurcated into Packaging, Bedding & Furniture, Footwear, Building & Construction, Electronics, Automotive, and Others.
Geographically, the global polyurethane foam market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
Covestro AG (Germany), NITTO DENKO Corporation (Japan), Recticel (Belgium), BASF SE (Germany), DowDuPont Inc. (U.S.), Trelleborg AG (Sweden), Huntsman International LLC (U.S.), Tosoh Corporation (Japan), Sekisui Chemical Co., Ltd. (Japan), Wanhua Chemical Group Co., Ltd (China), LANXESS (Germany), among others are the major players in the global polyurethane foam market.