Polyurethane Foam Market 2023

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Polyurethane Foam Market worth 79.77 billion by
2023
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• The report "Polyurethane Foam Market by Type
  (Flexible, Rigid, Spray Foam), End User (Bedding
  Furniture, Building Construction,
  Electronics, Automotive, Footwear, Packaging),
  and Region (Asia Pacific, Europe, North America)
  - Global Forecast to 2023" The polyurethane foam
  market is estimated to be USD 54.19 billion in
  2018 and is projected to reach USD 79.77 billion
  by 2023, at a CAGR of 8.0 from 2018 to 2023. The
  growth of the polyurethane foam market is
  primarily driven by the rising demand for
  polyurethane foam from the bedding furniture
  and building construction industries and
  ongoing urbanization in the Asia Pacific region.
  The unique properties of polyurethane foam are
  projected to drive the demand for polyurethane
  foam across the globe.

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• Browse and in-depth TOC on "Polyurethane Foam
  Market"
• 193 - Tables
• 46 - Figures 233 Pages
•  
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  olyurethane-foams-market-1251.html
• The flexible foam type segment is estimated to
  account for the largest share of the polyurethane
  foam market in 2018.
• Based on type, the polyurethane foam market has
  been segmented into rigid foam, spray foam, and
  flexible foam. Flexible foams and rigid foams are
  available in different chemical compositions
  depending on the requirement of applications,
  wherein they are used. The flexible foam segment
  is estimated to account for the largest share of
  the polyurethane foam market in 2018. Flexible
  foams are widely used in the automotive,
  construction, and electronics industries. These
  foams help automobile manufacturers address
  issues pertaining to the weight, vibration, fuel
  efficiency, and durability of automobiles.
  Flexible foams are also used in bedding
  upholstery, fabric coatings, print rollers, and
  footwear midsoles.

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The segment is projected to be the
fastest-growing end user segment of the
polyurethane foam market during the forecast
period. Based on end user, the automotive segment
is projected to grow at the highest CAGR during
the forecast period. This growth can be
attributed to the increasing use of semi-rigid
polyurethane foams as integral skin foams for
vehicle interiors and exterior parts.
Polyurethane foams are also used in the
development of seat cushions, interior trims,
bumper systems, door handles, gear knobs,
dashboards, and truck sandwich panels. The
building construction end user segment is
estimated to account for the largest share of the
polyurethane foam market in 2018. There is an
increase in the use of polyurethane foam owing to
the growing demand for insulation from the
building construction industry.  Asia Pacific
is estimated to account for the largest share of
the polyurethane foam market in 2018. The Asia
Pacific region is estimated to account for the
largest share of the polyurethane foam market in
2018. Significant demand for polyurethane foams
from emerging economies, such as China, India,
Thailand, Malaysia, and Indonesia, is driving the
growth of the Asia Pacific polyurethane foam
market. In addition, the growth of the Asia
Pacific polyurethane foam market can be
attributed to the flourishing construction,
electronics, and automotive industries in this
region that are major consumers of polyurethane
foams.
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China is a leading manufacturer and consumer of
polyurethane foams. This country is estimated to
account for the largest share of the Asia Pacific
polyurethane foam market in 2018. The
polyurethane foam manufacturing industry in China
has undergone massive globalization and
consolidation with increasing capital investments
and ongoing infrastructure development
projects. Key players operating in the
polyurethane foam market include BASF SE
(Germany), Covestro (Germany), The Dow Chemical
Company (US), and Huntsman Corporation (US).
These companies are undertaking efforts to
increase their market share to address the future
demand for polyurethane foam from the furniture
and construction industries. Dont miss out on
business opportunities in Polyurethane Foam
Market. Speak to our analyst and gain crucial
industry insights that will help your business
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lyst.asp?id1251
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