Polyurethane Foam Market to Grow at a CAGR of 7.63 % | APAC to Dominate Market Growth through 2023-2027
The capacity of the Polyurethane (PU) Foam Market is expected to rise by 6.84 million tonnes between 2022 and 2027, or at a compound annual growth rate (CAGR) of 7.63%. Because of its superior thermal insulation properties, polyurethane (PU) foam is used in furniture, construction insulation (for insulating walls, floors, ceilings, and flat roofs), packaging, and refrigeration.
APAC to Dominate Market Growth of the Global Polyurethane Foam Market: China, South Korea, India, and Japan are the leading users of PU foam in the Asia-Pacific area, which was found to have the largest consumption of PU foams in 2020. Over 46% of the global market's growth is expected to come from APAC, which is expected to contribute the most to market growth during the projected period due to the region's expanding demand for electronic appliances and growing building activity.
APAC to lead market growth during the forecast period
Organizations like Wisconsin Foam Products offer original equipment manufacturing flexible foam solutions such as finished foam products, components, assemblies, and packaging. The company offers polyurethane foam which is designed for applications related to packaging, cushioning, seating, and bedding purposes. Our report includes qualitative and quantitative analyses of core companies with a wider understanding of the business ecosystem.
All Foam Products Co., Armacell International SA, Changzhou Sanhe Plastic Rubber Co. Ltd., Clark Foam Products Corp., Dafa AS, FoamPartner Switzerland AG, Hira Industries LLC, INOAC Corp., Johnson Controls International Plc., JSP Ltd., Mitsui Chemicals Inc., Orlando Products Inc., Palziv Inc., PAR Group Ltd., Pregis LLC, PTI Rubber and Gaskets Inc., Rogers Foam Corp., Sealed Air Corp., Wisconsin Foam Products, and Zotefoams Plc etc are some of the core companies of the Polyurethane Foam Market names worth mentioning
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Polyurethane Foam Market Highlights of the Report for 2023-2027