According to the study “Asia Colored Polyurethane (PU) Foams Industry
Situation and Prospects Research report”, all variants of coloured polyurethane
foams are used in numerous industries such as furniture, interiors,
construction, electronic appliances, automotive, footwear, packaging, sports
and leisure apparel among others. Furniture and interiors account for a largest
market share followed by construction industry in Asia’s coloured polyurethane foams
market. The increasing demand for coloured polyurethane foams in electronics
appliances and automobile market is expected to continue increasing over the
next few years. The automobile industry uses coloured polyurethane foams for cushion
seats, head rests and cushioned panels.
Reacting di-isocynate with a polyol in the presence
of a catalyst and additives gives polyurethane (PU). Blowing agents are used in
the process of polyurethane manufacturing to open up cells resulting in
lightweight polyurethane foams. Surfactants are used in the process to
stabilize and retain the shape of the polyurethane foam. Few of the polyurethane
foams are then treated with colour paste, pigments and dispersions to make coloured
PU foams. These polyurethane foams are resilient, comfortable, flexible, lightweight,
fatigue resistance, durability, offer design freedom and aesthetics. All
variants of polyurethane foams are chemically stable, versatile, offer more
thermal resistance in insulations, better moisture resistance, long life,
accurate, high-performance insulation, and making it the most suitable in the
refrigeration segment.
Coloured polyurethane foams are classified into
flexible and rigid; based on based on cell structure. Flexible coloured polyurethane
foams have open cell structures and are used as polyurethane foams. These foams
account for a larger share in the Asian market because they offer support,
comfort, resilience and aesthetics. There are used in upholstery furniture,
bedding, packaging and automotive accessories. Rigid coloured polyurethane foams
are closed cells polyurethane foams which offer energy efficiency, high
performance, versatility and thermal resistance. These are used in
construction, electronics appliances, as insulating material in wall
insulation, floor insulation, refrigerators and chillers. Flexible polyurethane
foams are used in providing thermal insulation, easy carpet maintenance, and
are recyclable. The increasing demand for luxury furniture, bedding, and pillow
top mattresses are expected to drive the market for flexible coloured polyurethane
foams market in Asia.
The leading players in coloured polyurethane foams market
in Asia are Rogers Corporation, Recticel S.A., Saint-Gobain Performance
Plastics Corporation, Huntsman Corporation, The Dow Chemical Company, BASF SE,
Stepan Company, Bayer MaterialScience AG, Carpenter Company and INOAC
Corporation. It was observed that there are numerous large and small vendors in
Asia’s polyurethane coloured foams market which makes it extremely competitive.
Vendors in the coloured polyurethane foams market are investing massively in
R&D to promote bio-based polyurethane foams. Geographically,
the coloured polyurethane foams market in Asia is spread across India,
China, Korea, Japan, Saudi Arabia and other regions.
The introduction of bio-based coloured polyurethane
foams is expected to open opportunities for the growth of the market over the next
few years. Bio-based polyurethane coloured foams are gaining popularity in Asia
and are preferred over fiberglass and stone wool for insulation purposes. Increase
in consumption of bio-based polyurethane coloured foams is due to urbanization
and industrialization which is coupled with the requirement for
energy-efficient buildings for insulation purposes.
Industrialization and urbanization is driving the
coloured polyurethane foams market in Asia over the past few years and will
continue over the next few years. However, stringent environmental regulations and
volatility in the raw material prices are likely to hinder growth in coloured polyurethane
foams market in Asia.
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