Polyurethane
is a form of polymer or plastic belongs to the wide range & highly
diversified family of polymers. It is also known as carbon-carbon composites.
It is defined as solid or open structured form of polyurethane. It is generally
available in the flexible or rigid form. It protects the products by providing
excellent dielectric & adhesive properties. It is resistant to temperature,
water, abrasion, impact and weather. It is used in the production of vehicle
components for instance seats, headrests, roof liners, dashboards, armrests,
and instrument panels. It is used in industries like construction, consumer
goods, electrical & electronics, healthcare, sports equipment, automotive,
and furniture & bedding.
According
to study, “Polyurethane
Foam Market Research Report: by Type (Flexible, Rigid, Spray), by Application
(Building & Construction, Bedding & Furniture, Automotive, Electronics,
Packaging, Footwear, Others), and Region - Forecast to 2023” the key
companies operating in the polyurethane foam market are NITTO DENKO
Corporation, BASF SE, DowDuPont Inc., Recticel, Trelleborg AG, Tosoh
Corporation, Sekisui Chemical Co., Ltd., Huntsman International LLC, LANXESS,
Armacell, Compagnie De Saint-Gobain S.A., Chemtura Corporation, Foampartner
Group, Eurofoam Group, Fxi-Foamex Innovations, Foamcraft, Inc., Future Foam,
Inc., Inoac Corporation, Rogers Corporation, UFP Technologies Inc., Vita
S.A.R.L., Woodbridge Foam Corporation, Adient, Foam Supplies, Inc., American
Foam Products, Interfoam Limited, Carpenter Co., Heubach Corporation, Henkel
Polybit, Rempac Foam, Covestro AG. Wanhua Chemical Group Co., Ltd., Interplasp.
Based
on type, polyurethane foam market is segmented into rigid foams (insulation,
flotation modules and decorative & architectural applications), flexible
foams (cushioning, filtration, apparel padding), and spray foams (air-barriers,
roofing, flotation, packaging). Based on application, market is segmented into
thermal insulations, sealing, seating, mattress & pillows, carpet
cushioning, medical, office furniture, air sealing, door panels, sound
absorption & vibration dampening, energy absorbers, shoe bottoms, shoe
midsoles, shoe upper, composite & foam packaging and others. In Addition,
based on end-user, market is segmented into packaging, automotive, footwear,
building & construction, electronics, bedding & furniture and others.
The bedding & furniture segment holds major share in market on account of
the rise in use of polyurethane foams in mattress due to their memory,
breathability, resilience, and anti-bacterial properties. They are also used in
furniture seats owing to their elasticity, durability, and high density.
The
polyurethane foam market is driven by high demand in building insulation for
energy conservation, followed by growth of end-use industries in emerging
nations, increase in emphasis on recycling, rise in demand from bedding, carpet
and cushioning industry and versatility & unique physical properties.
However, fluctuating prices of raw materials and stringent environmental
regulations on the use of flexible polyurethane foam may impact the market.
Moreover, rise in production of bio-based polyols is a key opportunity for
market.
Based
on geography, the Asian-Pacific region holds major share, followed by European
region in polyurethane foam market owing to rise in investments made by the
international companies, high demand for electronic appliances and growth in
population in the region. The North-American region is estimated to witness
higher growth rate due to increase in applicability of rigid polyurethane foam
in automotive & building & construction industries and rise in demand
for flexible polyurethane foam from end-use industries over the forecast
period.
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