Worldwide Rigid Polyurethane (Pu) Foams Market 2014 to 2020 – Industry Survey
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Date Submitted: 03/26/2014 02:23 AM
San Francisco, January 23, 2014 - The 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.
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.
The report “Rigid Polyurethane (PU) Foams Industry Trends and Market Segment Forecasts to 2020,” is available now to Grand View Research customers and can also be purchased directly at 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...
