Lucintel Forecasts the Global Polyurethane Foam Market to Reach $84 Billion by 2030
Lucintel Forecasts the Global Polyurethane Foam Market to Reach $84 Billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global polyurethane foam market looks promising with opportunities in the building and construction, bedding and furniture, automotive and transportation, electrical and electronics, and footwear markets. The global polyurethane foam market is expected to reach an estimated $84 billion by 2030 from $63 billion in 2023 at a CAGR of 4.1% from 2023 to 2030. The major drivers for this market are growing demand in the construction and building industry, increasing usage in furniture and bedding, and rising demand in the automotive sector.
A more than 150-page report to understand trends, opportunity and forecast in global polyurethane foam market to 2030 by foam type (rigid foam, flexible foam, and spray foam), material (mdi (methylene diphenyl diisocyanate) based foam and tdi (toluene diisocyanate) based foam), end use (building and construction, bedding and furniture, automotive and transportation, electrical and electronics, footwear, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that bedding and furniture will remain the largest segment over the forecast period due to higher consumption of mattress and furniture by emerging middle class in the developing regions.
Within this market, flexible foam will remain the largest segment due to due to increasing applications in different industries, such as furniture and bedding, automotive interiors, packaging, textiles, and others due to its lightweight, durable, resilient and energy absorption properties.
Recticel, Eurofoam Group, Carpenter, Mitsui Chemical, Vitafoam are the major suppliers in the polyurethane foam market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056