LONDON--(BUSINESS WIRE)--Jul 11, 2019--

The rising demand for PU foams is one of the critical reasons that will drive polyurethane foam market growth in the coming years. PU foams are extensively used in industries like electrical and electronics, construction, consumer goods, healthcare, automotive, sports equipment, and furniture and bedding. This is mainly because of the economic growth along with the growth of the automotive and packaging industries. Moreover, there is also an increase in the number of construction projects and this rise in construction of residential and office towers will subsequently boost the adoption of PU foams in various applications such as insulation, roofing, floor carpets, and sealants, driving market growth. Furthermore, this industry research report also presents a competitive analysis of the market by type (flexible PU foams, rigid PU foams, and molded PU foams) and application (furniture and bedding, building and construction, transport, appliances, and others) and geography (APAC, Europe, MEA, North America, and South America).

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Technavio has released a new market research report on the global polyurethane foam market from 2019-2023. (Graphic: Business Wire)

Competitive vendor landscape

The global polyurethane foam market is highly competitive with major vendors such as BASF SE, Covestro AG, DowDuPont, Huntsman International LLC, and Recticel NV competing based on price, quality, and product/service offerings.

“Researchers are focusing on developing bio-based PU foams to replace non-biodegradable materials for packing pharmaceutical goods and food items. Bio-based foams are also preferred in the packaging industry as they help in the optimization of the production process.” says a senior analyst at Technavio.

Top five polyurethane foam market vendors

BASF SE

BASF SE operates in five segments, which include, agricultural solutions, chemicals, functional materials and solutions, performance products, and others. Its key offerings include PU foam. The company manufactures both spray PU foam under registered name COMFORT FOAM and rigid PU foams under registered names Autofroth and Autopour.

Covestro AG

Covestro AG runs its operations through four segments: polyurethanes; polycarbonates; coatings, adhesives, and specialties; and all other segments. The company manufactures PU foams, which are used in various industries, such as automotive, construction, and packaging.

DowDuPont

DowDuPont runs its operations through nine segments: agriculture; performance materials and coatings; industrial intermediates and infrastructure; packaging and specialty plastics; electronics and imaging; nutrition and biosciences; transportation and advanced polymers; safety and construction; and corporate. The company manufactures PU foams under the brand name DELTA THERM and BETAFOAM.

Huntsman International LLC

Huntsman International LLC runs its operations through five segments: advanced materials, performance products, polyurethanes, textile effects, and corporate and eliminations. The company offers various types of PU foams such as viscoelastic PU foams, high resilience PU foams, microcellular PU foams, and spray PU foams.

Recticel NV

Recticel NV runs its operations through four segments: flexible foams, bedding, automotive, and insulation. The company manufactures PU foams under the brand name KAPUA mattress foams.

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KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING PACKAGING CHEMICALS/PLASTICS

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 07/11/2019 08:00 PM/DISC: 07/11/2019 08:01 PM

Copyright Business Wire 2019.