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Rigid Polyurethane Foams Market Expected To Trigger A Revenue $20.40 Billion By 2020: Grand View Research, Inc.

May 17
16:30 2019
Rigid Polyurethane Foams Market Expected To Trigger A Revenue $20.40 Billion By 2020: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, Growth of construction industry mainly in the emerging economies of China, India and Brazil is expected to drive the market for rigid polyurethane foams over the next six years.

According to a report,“Rigid Polyurethane (PU) Foams Market Analysis By Product (Molded Foam Parts, Slabstock Polyether, Slabstock Polyester) And Segment Forecasts To 2020”, published by Grand View Research, Inc., the global rigid polyurethane foams market is expected to reach USD 20.40 billion by 2020. Growth of construction industry mainly in the emerging economies of China, India and Brazil is expected to drive the market for rigid polyurethane foams over the next six years. Grand View Research further observes that government support in promoting the usage of rigid polyurethane foams mainly for refrigeration applications in the U.S. is also expected to drive the market over the forecast period.

Key Takeaways from the report:

  • Global rigid polyurethane foams demand is expected to reach 5,844.3 kilo tons by 2020, growing at a CAGR of 5.2% from 2013 to 2020

  • Asia Pacific emerged as the leading market for rigid polyurethane foams and accounted for just over 40% of market volumes in 2012. The growth of construction and furniture industries in China, India and Indonesia has contributed to the growth of market. Asia Pacific along with being the largest market is also expected to be the fastest growing market for rigid polyurethane foams at an estimated CAGR of 6.2% from 2013 to 2020 

  • North American market was led by the U.S. which accounted for over 85% of the regional market in 2012. Government support to promote the use of polyurethane foams for refrigeration application is expected to fuel its demand over the forecast period

  • Europe accounted for just over one-third of the global market in 2012 and is expected to grow at a relatively slower pace than other regions on account of economic crisis which impacted demand in the region. Germany alone accounted for over 20% of the total regional consumption in 2012

  • The global market for rigid polyurethane foam is dominated by top MNCs. Some of the major companies operating in the global market include Armacell GMBH, Dow Chemical Company, BASF SE, Bayer Material Science AG, Chemtura Corporation, Future Foams Inc, Huntsman Corporation, Recticel SA/NV, Rogers Corporation, Foamspartner Group, Saint-Gobain Performance Plastics Corporation and Sekisui Alveo AG among some other companies.

Global rigid polyurethane foams volume, by product, 2012

Global rigid polyurethane foams volume, by product, 2012

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Slabstock foams including both slabstock polyether and slabstock polyester accounted for a major chunk in the global market and together accounted for over 60% of total market in 2012. Slabstock foams are widely used in furniture, mattresses, carpet cushions and packaging industries. The growth of furniture market on account of growing disposable income mainly in developing nations is expected to fuel the demand for slabstock foams. Slabstock polyester is expected to be the fastest growing polyurethane foam at an estimated CAGR of 5.4% from 2013 to 2020. Global market for molded foam parts is expected to exceed a market worth USD 3.50 billion by 2020 at an estimated CAGR of 7.8% from 2013 to 2020.

Grand View Research has segmented the global rigid polyurethane foams market on the basis of product and region:

Rigid Polyurethane Foams Product Outlook,

  • Molded Foam Parts

  • Slabstock Polyether

  • Slabstock Polyester

  • Other

Rigid Polyurethane Foams Regional Outlook,

  • North America

  • U.S.

  • Europe

  • Germany

  • Italy

  • UK

  • Asia Pacific

  • China

  • Japan

  • India

  • Rest of the World

  • Brazil

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
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Country: United States
Website: www.grandviewresearch.com/industry-analysis/rigid-polyurethane-pu-foams-industry

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