Polyurethane Foam Market Worth $72.2 Billion by 2020

DALLAS, July 29, 2015 /PRNewswire/ --

The report "Polyurethane Foam Market by Type (Flexible Foam, Rigid Foam), by End-User Industry (Bedding & Furniture, Building & Construction, Electronics, Automotive, Footwear, Packaging, Others), by Geography - Global Trends & Forecasts to 2020", published by MarketsandMarkets, The Global Polyurethane Foam Market was valued at $46.8 billion in 2014, which is expected to reach $72.2 Billion by 2020, at a CAGR of 7.5% during the period under consideration.

Browse 126 market data Tables and 79 Figures spread through 197 Pages and in-depth TOC on "Polyurethane (PU) Foam Market"

http://www.marketsandmarkets.com/Market-Reports/polyurethane-foams-market-1251.html
Early buyers will receive 10% customization on this report.

The market reports the global polyurethane foam market on the basis of type, end-user industry, and geography; forecasting volumes and revenues; and the trends in each of the submarkets.

Download Free Sample Pages: http://www.marketsandmarkets.com/pdfdownload.asp?id=1251

Globally, Asia-Pacific is the dominant market for polyurethane foams. It is expected to reach $25.12 billion by 2020, at a CAGR of 7.8% during the forecast period from 2015 to 2020. This growth is due to the increasing applicability of polyurethane foams in various industries, such as bedding & furniture, building & construction, automotive, footwear, and packaging industries. The highest consumption of polyurethane foams in this region is recorded in China, which is also the largest manufacturer of polyurethane foams in the APAC region. The Chinese market for polyurethane foams is estimated to grow at a CAGR of 6.4%, during the period under consideration. Manufacturing in Asia-Pacific is mainly constituted by multinational companies with good distribution networks; while there is a small share in the manufacturing contributed by the domestic manufacturers as well. The growing demand in this region has attracted many multinational companies to set up their plants in this region or increase the capacity of their existing plants.

The end-user application markets demand a specific grade of thermoplastic polyurethane (TPU) and TPU blend with a specific form/composition. The major end-user markets are bedding & furniture, building & construction, electronics, automotive, packaging, engineering, footwear, hose & tube, medical, and wire & cable. Cost of PU foams varies depending on the composition and type of foam. The injection and extrusion grade constitute more than three-fourth of the market, while the rest is shared by the coating and adhesive grade polyurethane foam.

Globally, the flexible foam has the larger market share than the rigid foam market, and this trend is expected to continue in the near future. The Asia-Pacific region had constituted a major share in the flexible foam market in 2014. It is also estimated that China is the fastest-growing market of the flexible foam industry in Asia-Pacific.

The U.S. and China are at forefront in the polyurethane foam consumption, while Germany, South Korea, France, Japan, U.K. and Russia are other key markets for polyurethane foam. China is the key market in the Asia-Pacific region, contributing more than half of the demand for polyurethane foam, followed by Japan, Taiwan, and South Korea, where the consumption is growing at a steady rate.

Bedding & furniture is projected to be the fastest-growing application segment during the forecast period from 2015 to 2020. Leading players, such as BASF SE (Germany) and Bayer Material Science (U.S.) have introduced an outstanding cushioning material that is light-weight, versatile, and has the ability to recover after compression. These are available at low costs and are ideal for the bedding & furniture applications. Rising standard of living and the recent trend of increasing consumer spending on comfortable bedding & furniture are contributing to the growth in the demand for PU foams in this sector. This is one of the main reasons behind the sudden rise for polyurethane foam in the recent years.

Browse Related Reports: 

Polymer Foam Market By Types (Polyurethane, Polystyrene, Polyvinyl Chloride, Polyolefin, Phenolic, Melamine and Others), Applications (Packaging, Building & Construction, Furniture & Bedding, Automotive, Wind Energy and Others) & Geography - Global Trends & Forecasts to 2018
http://www.marketsandmarkets.com/Market-Reports/foams-market-1011.html

Polyols Market by Product Type (Polyester, Polyether) by Applications (Rigid Foam, Flexible Foam, CASE), and by Region - Trends & Forecasts to 2019
http://www.marketsandmarkets.com/Market-Reports/polyols-market-725.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:

Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets