Report Id: SNS/C&M/1471 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Polyurethane Foams Market is expected to increase at a CAGR of 7.4%, from USD 43.1 billion in 2021 to USD 71.00 billion in 2028. Growing end-use sectors such as electronics, bedding & furniture, building & construction, and automotive in emerging nations like as India, Thailand, and others are among the primary drivers of the polyurethane foams market. Other factors driving the growth of the polyurethane foams market include the rising usage of polyurethane foams in building insulation for energy conservation.
Over the projection period, the emergence of various end-user sectors in emerging nations is expected to promote global polyurethane foam growth. The Global Polyurethane Foam Market study offers a comprehensive analysis of the industry.
In a range of building products and other uses, polyurethane foams are utilised as insulation, adhesives, sealants, and binders. Polyurethane foams are highly flexible materials that assist lower total infrastructure costs by reducing building energy consumption. They allow architects to better insulate buildings, lowering gas, oil, and electricity use. As a result, polyurethane foams are being used more frequently for building insulation.
The strict environmental restrictions created by the US Environmental Protection Agency (EPA) for new and existing plant sites engaged in the manufacturing of flexible polyurethane foams are a major stumbling block to the expansion of the polyurethane foam industry.
Polyols are primarily utilised in the production of polyurethane foams. Concerns about the usage of fossil fuels and the environmental impact of plastics have prompted the polyurethane foam sector to strive for more environmentally friendly business practises. Bio-derived materials, such as soy-based polyols, provide considerable sustainability and cost-effectiveness advantages over conventional polyols. They also cut down on the use of petroleum-based raw materials. These considerations provide polyurethane manufacturers with an opportunity to minimise their reliance on petroleum-based raw materials for the creation of polyurethane foams while simultaneously lowering their manufacturing costs.
The high costs of essential feedstock materials used in the production of polyurethane foams, such as toluene diisocyanate, methyl di-p-phenylene, and polymeric isocyanate, result in higher polyurethane foam production costs. These variables make regulating manufacturing costs difficult for polyurethane foam makers.
IMPACT OF COVID-19 ANALYSIS
The worldwide execution of COVID-19 lockdowns brought about an impressive drop in MDI interest from March to June 2020. The vital clients in Asia Pacific either dropped or deferred their development orders. The decrease sought after for MDI in Europe was to a great extent because of a drop popular for polyurethane froths from the vehicle area. The episode and spread of COVID-19 has brought about a TDI shortage in significant spots all over the planet. Most of polyurethane producers have stopped tasks, and numerous nations have shut their ports, forestalling products transportation. Thus, various TDI orders have been dropped.
Key Market Players
Some of the key players in the market include Covestro AG, BASF SE, Wanhua Chemical Group Co., Ltd., Dow Inc., Huntsman Corporation, Sekisui Chemical Co., Ltd., Saint-Gobain, and others.
By Density Composition
Low-Density Polyurethane Foams
Medium-Density Polyurethane Foams
High-Density Polyurethane Foams
By End-use Industry
Bedding & Furniture
Building & Construction
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 43.1 Billion|
|Market Size by 2028||US$ 71.00 Billion|
|CAGR||CAGR of 7.4% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Type (Flexible Foams, Rigid Foams, Spray Foams)
• By Density Composition (Low-Density Polyurethane Foams, Medium-Density Polyurethane Foams, High-Density Polyurethane Foams)
• By End-Use Industry (Bedding & Furniture, Building & Construction, Automotive, Electronics, Footwear, Packaging, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Covestro AG, BASF SE, Wanhua Chemical Group Co., Ltd., Dow Inc., Huntsman Corporation, Sekisui Chemical Co., Ltd., Saint-Gobain, and others.|
Frequently Asked Questions (FAQ) :
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Key Stakeholders Considered in the study:
Raw material vendors
Regulatory authorities, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
End-use industries are the stake holder in this report
Ans: The worldwide execution of COVID-19 lockdowns brought about an impressive drop in MDI interest from March to June 2020. The vital clients in Asia Pacific either dropped or deferred their development orders. The decrease sought after for MDI in Europe was to a great extent because of a drop popular for polyurethane froths from the vehicle area. The episode and spread of COVID-19 has brought about a TDI shortage in significant spots all over the planet.
Ans: The high costs of essential feedstock materials are the challenges faced by the Polyurethane Foam Market.
Ans: From 2021 to 2028, the global polyurethane foams market is expected to increase at a CAGR of 7.5 percent, from USD 46.1 billion in 2022 to USD 71.00 billion in 2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine-Russia WAR
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Polyurethane Foam Market Segmentation, By Type
8.1 Flexible Foams
8.2 Rigid Foams
8.3 Spray Foams
9. Global Polyurethane Foam Market Segment, By Density Composition
9.1 Low-Density Polyurethane Foam
9.2 Medium-Density Polyurethane Foams
9.3 High-Density Polyurethane Foams
10. Global Polyurethane Foam Market Segment, By End-use Industry
10.1 Bedding & Furniture
10.2 Building & Construction
10.7 Others (Appliances, Textiles & Apparel, and Transportation)
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Covestro AG (Germany)
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 BASF SE (Germany)
12.3 Wanhua Chemical Group Co., Ltd. (China)
12.4 Dow Inc. (US)
12.5 Huntsman Corporation (US)
12.6 Sekisui Chemical Co., Ltd. (Japan)
12.7 Saint-Gobain (France)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
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