The Polyurethane Foam Global Market Report 2023, provides comprehensive information on the polyurethane foam market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global polyurethane foam market size is expected to grow from $47.63 billion in 2022 to $50.93 billion in 2023 at a compound annual growth rate (CAGR) of 6.94%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of polyurethane foam market is expected to reach $67.48 billion in 2027 at a CAGR of 7.28%.
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Technological advancements are a key trend gaining popularity in the polyurethane market. Companies operating in the polyurethane foam market are focused on adopting new technologies to sustain their position in the market. For instance, in October 2021, Huntsman Corporation, a US-based chemical industry company, launched ACOUSTIFLEX LE and RUBIFLEX LE, the first fully commercialized technologies and a new range of low-emission polyurethane systems for automotive interiors. Its innovative low-emission PU system is a breakthrough technology that enables global foam producers and automotive formulators to create high-performance polyurethane foams while drastically lowering interior emissions levels to satisfy OEM (original equipment manufacturer) regulations.
The polyurethane foam market is segmented:
1) By Type: Rigid Foam, Flexible Foam, Spray Foam
2) By Process: Slabstock Foam, Molded Foam, Lamination, Spraying
3) By Density Composition: Low-Density Composition, Medium-Density Composition, High-Density Composition
4) By Application: Bedding And Furniture, Transportation, Packaging, Automotive, Construction, Electronics, Footwear, Other Applications
Asia-Pacific was the largest region in the polyurethane foam market in 2022.
The table of contents in TBRC’s polyurethane foam market report includes:
1. Executive Summary
2. Polyurethane Foam Market Characteristics
3. Polyurethane Foam Market Trends And Strategies
4. Polyurethane Foam Market – Macro Economic Scenario
5. Polyurethane Foam Market Segmentation
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26. South America Polyurethane Foam Market
27. Brazil Polyurethane Foam Market
28. Middle East Polyurethane Foam Market
29. Africa Polyurethane Foam Market
30. Polyurethane Foam Market Competitive Landscape And Company Profiles
Top Major Players:
- BASF SE
- Dow Inc
- Bayer AG
- Saint-Gobain S.A
- Wanhua Chemical Group Co Ltd
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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