Market Highlights
Increasing demand for refrigerators and freezers, furniture and bedding, automotive, coatings & adhesives, and others applications have accelerated the global demand for polyurethane foam. Owing to this, it has been predicted that the global market will touch a higher growth rate at the end of forecasted period. Other factors such as rising construction spending, emerging economies and increasing need of automotive and several environmental benefits are expected to drive the regional as well as global market.
Polyurethane Foam Market
The polyurethane foam market is majorly driven by the increase usage of furnishings, automotive interiors, carpet underlay and in many other industries such as medical, packaging and technical applications. As per analysis, the rapidly growing application industries has boosted the overall market which in turn has created a platform for polyurethane foam manufacturers to cover the overall market. Owing to this factor, there will be a bounteous scope for the domestic as well as international players to introduce new product launch and opportunities for the new entrants.