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Polyurethane Foam Market Forecast Period (2019-2026): Saint-Gobain, BASF SE, INOAC Corporation, Eurofoam Group, Foampartner Group, Huntsman Corporation

Global Polyurethane Foam Market By Type (Flexible Foam, Rigid Foam, Spray Foam), End-User (Bedding & Furniture, Building & Construction, Electronics, Automotive, Footwear, Packaging, Others), Density Composition (Low-Density Polyurethane Foam, Medium-Density Polyurethane Foam, High-Density Polyurethane Foam), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2026 Global polyurethane foam market is projected to register a healthy CAGR of 4.0% in the forecast period of 2019 to 2026.

Some of the major players operating in this market are The Dow Chemical Company, Saint-Gobain, BASF SE, INOAC Corporation, Eurofoam Group, Foampartner Group, Huntsman Corporation, Inoac Corporation, Rogers Corporation, UFP Technologies, Inc., Nitto Denko Corporation, Wanhua Chemical Group Co., Ltd., Henkel Polybit and among others.

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Polyurethane foams are type of polymers which are made by reacting diisocyanates with polyols. Polyurethane foams are generally abbreviated as PU foam or PUR foams. PU foams are used for providing insulation and protect the material against external sources that lead to corrosion. The type of agent or catalyst used with isocyanates in the production of polyurethane foam depends on the application for what PU foam is being produced. There are three types of polyurethane foams available: Flexible Foams, Rigid Foams and Spray Foams.

Polyurethanes were invented by Professor Dr. Otto Bayer in 1930s. PU foams were first used at the time of World War II when there was a need of replacing rubber materials with PU foams. By the coming of 1950s, PU foams were started to be used in adhesives and elastomers. Today, PU foams can be found in almost everything we touch like desks, chairs, cars, clothes, footwear, appliances, beds as well as the insulation in walls of buildings. PU foams are highly versatile and cost efficient and the durability of the products made out of polyurethane foams is very high that is why these products can last for long.

Increasing pursuit of a higher level of sleep comfort offered by polyurethane foam is driving the market.

PU foams can take any form to provide comfort and support and due to this property, they are widely used in the making of mattresses and furniture. Polyurethane foam creates a more comfortable sleep surface as the coring and contouring foam techniques are used in the manufacturing of PUR foams. According to Dan Schecter, vice president of sales and marketing at Carpenter Co., various advancements in the chemistry are giving rise to new foams of polyurethane that will get self-adjusted to individual body and will provide a high degree of comfort.

Segmentation: Global Polyurethane Foam Market

Global  polyurethane foam market is segmented into three notable segments which are type, end-user and density composition.

  • On the basis of type, the market is segmented into flexible foam, rigid foam and spray foam
    • In April, BASF acquired GRUPO THERMOTEK. THERMOTEK is a waterproofing systems supplier which will help the company to add the products under its construction industry.
  • On the basis of end-user, the market is segmented into bedding & furniture, building & construction, electronics, automotive, footwear, packaging, others.
    • In April 2018, BASF signed agreement to acquire business segment of additional seeds and crop protection from Bayer. This will enhance the company’s product portfolio with the addition of new products under this category.
  • On the basis of density composition, the market is segmented into low-density polyurethane foam, medium-density polyurethane foam and high-density polyurethane foam
    • In December 2018, Recticel announced the agreement to acquire Proseat. The company made a new joint venture with Sekisui which allowed Proseat to build on leading position as Europe’s largest independent automotive moulded seat foam manufacturer.

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TABLE OF CONTENTS GLOBAL POLYURETHANE FOAM MARKET

1 INTRODUCTION

2 MARKET SEGMENTATION

3 MARKET OVERVIEW

4 EXECUTIVE SUMMARY

5 PREMIUM INSIGHTS

6 INDUSTRY INSIGHTS

7 GLOBAL POLYURETHANE FOAM MARKET, BY TYPE

8 GLOBAL POLYURETHANE FOAM MARKET, BY DENSITY COMPOSITION

9 GLOBAL POLYURETHANE FOAM MARKET, BY END-USER

10 GLOBAL POLYURETHANE FOAM MARKET, BY GEOGRAPHY

11 GLOBAL POLYURETHANE FOAM MARKET, COMPANY LANDSCAPE

12 COMPANY PROFILE

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