Global Market for Rigid Polyurethane Foams is expected to reach USD 20.40 billion by 2020; according to a new study by Grand View Research, Inc. 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.
Slab stock foams including both slab stock polyether and slab stock polyester accounted for a major chunk in the global market and together accounted for over 60% of total market in 2012. Slab stock 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 slab stock foams. Slab stock polyester is expected to be the fastest growing polyurethane foam at an estimated CAGR of 5.4% from 2013 to 2020. Global market for moulded 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.
Access for full detail of Report@ http://www.grandviewresearch.com/industry-analysis/rigid-polyurethane-pu-foams-industry
Further Key findings from the study suggest:
For the purpose of this study, Grand View Research has segmented the global rigid polyurethane foams market on the basis of
product and region:
Rigid Polyurethane Foams Product Outlook,
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
For more Information visit us@ www.grandviewresearch.com
Slab stock foams including both slab stock polyether and slab stock polyester accounted for a major chunk in the global market and together accounted for over 60% of total market in 2012. Slab stock 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 slab stock foams. Slab stock polyester is expected to be the fastest growing polyurethane foam at an estimated CAGR of 5.4% from 2013 to 2020. Global market for moulded 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.
Access for full detail of Report@ http://www.grandviewresearch.com/industry-analysis/rigid-polyurethane-pu-foams-industry
Further Key findings from the study suggest:
- 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.
For the purpose of this study, 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
- Slab stock Polyether
- Slab stock Polyester
- Other
- North America
- U.S.
- Europe
- Germany
- Italy
- UK
- Asia Pacific
- China
- Japan
- India
- Rest of the World
- Brazil
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
For more Information visit us@ www.grandviewresearch.com
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