Advertising Driven Press Release Distribution
Advertising Driven Press Release Distribution
According to the new market research report “Polyurethane Foam Market by Type (Rigid foam, Flexible Foam, Spray Foam), End-use Industry (Building & Construction, Bedding & Furniture, Automotive, Electronics, Footwear, Packaging, Others), and Region – Global Forecast To 2025″, The polyurethane foams market is projected to grow from USD 37.8 billion in 2020 to USD 54.3 billion by 2025, at a CAGR of 7.5% from 2020 to 2025. The market is witnessing average growth across the world due to factors such as, growing end-use industries in emerging economies, increased use of polyurethane foams in building insulations for energy conservation and versatility and unique physical properties of polyurethane foams.
Don’t miss out on business opportunities in Polyurethane Foam Market
Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1251
By type, rigid foam is estimated to dominate the polyurethane foam market, globally, in terms of value. Factors, such as reduced energy costs, application as insulating foams and structural foams in commercial and residential constructions, as well as use of rigid foams for insulations in various electrical appliances such as water heaters, refrigerators, coolers, vending machines, and freezers, are expected to propel the demand for rigid foams in global polyurethane foam market.
By end-use industry, automotive segment is projected to record the highest growth in the global polyurethane foams market, during the forecast period. The high growth of the automotive end-use industry segment is majorly attributed to the surge in demand for lightweight vehicles, which in -turn encourages the use of polyurethane foams in this segment.
Browse and in-depth TOC on “Polyurethane Foam Market – Global Forecast to 2025”
199 – Tables
48 – Figures
246 – Pages
View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/polyurethane-foams-market-1251.html
The polyurethane foams market is projected to grow from USD 37.8 billion in 2020 to USD 54.3 billion by 2025, at a CAGR of 7.5% from 2020 to 2025. The major reasons for the growth of the polyurethane foams market include growing end-use industries such as bedding & furniture, electronics, automotive, and building & construction, in emerging economies like India, Thailand, and others. Some of the other like increased use of polyurethane foams in building insulations for energy conservation and versatility and unique physical properties of polyurethane foams are driving factors for growth of polyurethane foams market.
Companies such as Covestro AG, BASF SE, Wanhua Chemical Group Co., Ltd., Dow Inc., and Huntsman Corporation, fall under the winners’ category. These are leading players in the polyurethane foams market, globally, and are some of the leading players operating in the polyurethane foams market. These players have adopted the strategies of expansions, agreements, mergers & acquisitions, partnerships, new product launches, joint ventures, investments & contracts, collaborations, and new technology & new process developments ,to increase their presence in the global market.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1251
Covestro AG is the leading player in the global polyurethane foams market and is estimated to have the highest share in the market. In February 2020, Covestro AG partnered with Toyota Boshoku Corporation, a subsidiary of Toyota Group (Japan). This partnership aims at jointly developing a new polyurethane composite material for a new electric concept car— LQ— which is developed by Toyota Motor Corporation. This material is a combination of advanced Baypreg F NF technology of Covestro and kenaf fibers of Toyota Boshoku. It is a lightweight and sustainable solution. This polyurethane composite material is expected to be used in door trims of the electric concept car. This partnership is expected to enhance the competitive edge of Covestro AG in the automobile market.
Another important player in the global polyurethane foams market is BASF SE.
In June 2020, BASF SE partnered with China-based Shanghai Zhengming Modern Logistics Co., Ltd. or Zhengming to develop insulating polyurethane (PU) sandwich panels. These panels are used in refrigerated storage of the cold chain industry in China. Under this partnership, BASF SE aims at supplying polyurethanes for all joint cold storage units of Zhengming. This partnership is expected to strengthen the position of BASF SE in the polyurethane foam market of China.
Browse Adjacent Markets @ Chemicals Market Research Reports & Consulting
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/polyurethane-foams-market.asp
Best Fleet Management Software in 2020- Latest Quadrant Ranking Released by 360Quadrants
Automotive Solenoid Market – Global Forecast to 2026
Ambulatory Surgical Centers Market is projected to reach $7.2 billion by 2025 | CAGR of 27.6%
Hyperspectral Imaging System Market worth $30.0 billion by 2025: Size, Share, Developments, Opportunities, Key Players Analysis
Aircraft Seating Market Size, Trends, Forecast to 2027