Asia-Pacific Polyurethane Foam Market, By Type (Flexible Foam, Rigid Foam and Spray Foam), End-User (Bedding and Furniture, Building and Construction, Electronics, Automotive, Footwear, Packaging and Others), Density Composition (Low-Density Polyurethane Foam, Medium-Density Polyurethane Foam and High-Density Polyurethane Foam), Country (China, India, Japan, Australia, South Korea, Singapore, Indonesia, Malaysia, Philippines, Thailand and Rest of Asia-Pacific) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the polyurethane foam market will witness a CAGR of 8.40% for the forecast period of 2021-2028. Growth in the demand for polyurethane foam especially in developed economies like India and China, growing use of polyurethane foam for a wide range of end user applications such as bedding and furniture, building and construction, automotive, electronics, footwear, packaging and others, rising pursuit of a higher level of sleep comfort offered by polyurethane foam, and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the polyurethane foam market. Therefore, the market value, which was USD 14500 million in 2020, would rocket up to USD 27644.08 million by 2028.
Polyurethane foams are the polymers that are a result of reacting diisocyanates with polyols. Generally referred to as PU foams, the polyurethane foams provide protection against external sources that lead to corrosion. Flexible foams, rigid foams and spray foams are the common types of polyurethane foam.
Rising disposable income of the middle-class population is the root cause fuelling up the market growth rate. Rising research and development proficiencies in regards to insulating materials and growth and expansion of various end user verticals such as construction industry especially in the developing economies will also directly and positively impact the growth rate of the market. Numerous emerging markets, growing demand for adoption of flexible and semi-rigid polyurethane foams and growing manufacturing activities will further carve the way for the growth of the market.
However, insufficiency in raw material supply owing to the lockdown and fluctuations in their prices will pose a major challenge to the growth of the market. Health risks associated with polyurethane foams such as asthma will dampen the market growth rate. Lack of technological expertise will also impede the market growth rate.
This polyurethane foam market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on polyurethane foam market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Polyurethane Foam Market Scope and Market Size
The polyurethane foam market is segmented on the basis of type, end-user and density composition. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the polyurethane foam market is segmented into flexible foam, rigid foam and spray foam.
- On the basis of end-user, the polyurethane foam market is segmented into bedding and furniture, building and construction, electronics, automotive, footwear, packaging and others.
- On the basis of density composition, the polyurethane foam market is segmented into low-density polyurethane foam, medium-density polyurethane foam and high-density polyurethane foam.
Asia-Pacific Polyurethane Foam Market Country Level Analysis
The polyurethane foam market is analysed and market size, volume information is provided by country, type, end-user and density composition as referenced above.
The countries covered in the polyurethane foam market report are China, India, Japan, Australia, South Korea, Singapore, Indonesia, Malaysia, Philippines, Thailand and Rest of Asia-Pacific.
China in Asia-Pacific region exhibits excellent market dominance during the forecast period owing to the growth and expansion of buildings and construction industry and increased availability of labour, raw materials, and local government support.
The country section of the polyurethane foam market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Polyurethane Foam Market Share Analysis
The polyurethane foam market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to polyurethane foam market.
The major players covered in the polyurethane foam market report are Saint-Gobain Group., BASF SE, Dow, Huntsman International LLC., INOAC CORPORATION, Eurofoam Group, Foampartner Group, Rogers Corporation., UFP Technologies, Inc., NITTO DENKO CORPORATION., Wanhua., Polybit, among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.