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Jun 17, 2023

Polyurethane Foam Market Expected to Grow by 6.84 Million Tons from 2022

The polyurethane foam market is set to experience significant growth, estimated to increase by 6.84 million tons from 2022 to 2027 with a compound annual growth rate (CAGR) of 7.63%, according to the

The polyurethane foam market is set to experience significant growth, estimated to increase by 6.84 million tons from 2022 to 2027 with a compound annual growth rate (CAGR) of 7.63%, according to the latest market research report by Technavio.

The report provides insights into the competitive landscape of the market, including information on key vendors and their recent developments. Some of the prominent vendors in the market include All Foam Products Co., Armacell International SA, Clark Foam Products Corp., FoamPartner Switzerland AG, Johnson Controls International Plc., Sealed Air Corp., and Zotefoams Plc, among others.

The market is segmented based on application, type, and geography. The applications of polyurethane foam encompass furniture and bedding, building and construction, transport, appliances, and others. The types of polyurethane foam include flexible PU foams, rigid PU foams, and molded PU foams. The market is further analyzed across regions such as APAC, Europe, North America, Middle East and Africa, and South America.

The growing demand for polyurethane foam in furniture and bedding is a major driver for the market. Polyurethane foam is widely used for making office chairs, stadium seats, carpets, luxury beds, and other furniture items due to its softness, durability, dimensional stability, and ability to provide support.

An emerging trend in the market is the increasing use of methylal and HFOs as alternatives to HFCs and HCFCs. Methylal, a clear, colorless liquid, and HFOs are being adopted as blowing agents in the production of polyurethane foam.

However, regulations on the use of blowing agents, such as HFCs, HCFCs, and HFOs, pose a significant challenge to the market. Many countries are enforcing strict regulations to ban ozone-depleting substances, which impact the production of polyurethane foam.

The polyurethane foam market report provides a comprehensive analysis of the market’s dynamics, including drivers, trends, and challenges that impact businesses. The report also covers key data, including the market’s forecasted CAGR, factors driving market growth, market size estimation, trends in consumer behavior, and analysis of the market’s competitive landscape. Businesses can gain valuable insights from this report to enhance their strategies and profitability in the polyurethane foam market.