COVID-19 Impact : Polyurethane Foams Market 2019 Industry Trend and Forecast 2030 - Huntsman, Covestro, Dow Chemical, BASF

Polyurethane foam market was valued at over US$ 50.0 Bn in 2018 and is anticipated to grow at a CAGR of 8.2% from 2019 to 2030

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New York, NY -- (SBWire) -- 05/05/2020 --Polyurethane foams are also known as polyurethane elastomers since they comprise same ingredients or raw materials. These foams come in two major types, rigid foams and thinner foams, which are produced differently according to their applications and that playing a major role in performance. The trimer polyurethane foams are normally low-density insulation grade foams are produced in large blocks. This kind of production required continuous extrusion process for trimer foams to be used in different applications. These blocks are then put in the cutting machinery to produce them in different shapes and sheets. The manufacturers of ROV usually cut, give shape, and sand these cost-efficient foams and coat them with fiberglass or thick layer of paint. This helps the foams to avoid water intrusion and stay scratch free for long. The rigid foams include two types of polymers; polyurethane formulas and polyisocyanurate formulations.

Among other regions, United States comparatively holds large production as well as consumption of polyurethane foam mattresses. This is followed by Europe and China as well. China is leading regions for the production of the said product. In terms of the impact of COVID-19, the production and also consumption of polyurethane mattresses is hampered in these major regions.

Major Key Players of the Polyurethane Foams Market are:
Huntsman Corporation, Covestro AG, The Dow Chemical Company, BASF SE, Trelleborg AB and Recticel NV. Some of the other players present in this market are Chemtura Corporation, Sekisui Chemical Co. Ltd, Rogers Corporation and Fxi-Foamex Innovations among others.

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Most of the polyols used in the manufacturing of polyurethane foams are petroleum derivatives. Owing to increasing environmental concerns and scarcity of petroleum in the future is forcing the manufacturers to use renewable and bio-based raw materials. Thus, renewable polyols is the obvious alternative for petroleum derived polyols. Companies such as BASF SE, Dow Chemical, Shell Chemicals Ltd and Bayer Material Science have already started the commercialization of bio-based polyols. Companies are continuously taking R & D activities to produce polyols from renewable sources such as vegetable oils and biomass residues.

Polyurethane foams market is witnessing growth owing to rising demand from various end use industries. Polyurethane foams due to their low density, thermal conductivity and mechanical properties make them an excellent insulators and comfort materials. Therefore, it is widely used in broad range of end-use industries. Construction, bedding & furniture, electronics, footwear, packaging and automotive industries are the major consumers of polyurethane foams. Thus, rise in these industries will subsequently spur the adoption of polyurethane foams in numerous applications which in turn will drive the market growth.

Major Types of Polyurethane Foams Market covered are:
Flexible Foams
Rigid Foams

Major Applications of Polyurethane Foams Market covered are:
Building & Construction
Bedding & Furniture
Electronics
Automotive
Packaging & Others

Research objectives:-

– To study and analyze the global Polyurethane Foams consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Polyurethane Foams market by identifying its various sub-segments.
– Focuses on the key global Polyurethane Foams manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Polyurethane Foams with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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Table of Content

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Polyurethane Foams Market Size
2.2 Polyurethane Foams Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Polyurethane Foams Market Size by Manufacturers
3.2 Polyurethane Foams Key Players Head office and Area Served
3.3 Key Players Polyurethane Foams Product/Solution/Service
3.4 Date of Enter into Polyurethane Foams Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Polyurethane Foams Sales by Product
4.2 Global Polyurethane Foams Revenue by Product
4.3 Polyurethane Foams Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Polyurethane Foams Breakdown Data by End User

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In the end, Polyurethane Foams industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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