The global colored PU foams market is expected to reach USD
20.33 billion by 2022, according to a new report by Grand View Research, Inc.
The market is expected to be driven by increasing developments in electronic
appliances, automotive, footwear and packaging industries. Growing demand for
high performance materials from automotive industry is expected to drive global
colored PU foams market over the forecast period. Increasing construction
spending in Asia Pacific is also expected to have a positive influence on the
market growth. Volatile MDI/TDI prices are expected to challenge market
profitability.
Flexible colored PU foams were
the leading product segment and accounted for over 55% of total market volume
in 2014. They are widely used for cushioning applications mainly in furniture
& interiors and packaging industries. Rigid PU foams are expected to
witness the highest growth of 5.2% from 2015 to 2022. Growing demand for
insulation products across automotive and construction industries is expected
to drive this segment over the forecast period.
Browse full research report on Colored Polyurethane Foams
Market: http://www.grandviewresearch.com/industry-analysis/colored-polyurethane-pu-foams-market
Further key findings from
the report suggest:
- Global colored PU foams market demand was 4.43
million tons in 2014 and is expected to reach 6.56 million tons by 2022,
growing at a CAGR of 5.0% from 2015 to 2022.
- Furniture and interior was the leading application
segment with demand share exceeding 25% in 2014. Rapid urbanization
particularly in Asia Pacific and parts of Middle East & Africa has
prompted demand for furniture and interior products. This surge in demand
is directly proportional to growth of colored PU foams.
- Electronic appliances are expected to witness the
highest growth of 5.7% from 2015 to 2022. Growing consumer preferences for
efficient and high strength appliances is expected to drive this segment
over the forecast period.
- North America was the leading regional market with
demand share estimated at 35.4% in 2014. Developed application industries
particularly in the U.S. coupled with growth of automotive and
construction industries in Mexico are expected to drive the regional
growth. Asia Pacific is expected to witness the highest growth of 5.2%
from 2015 to 2022.
- Global industry is highly fragmented in nature. Small
and medium sized industry participants covered more than 70% of market
share in 2014. The market is expected to attract huge number of companies
owing to introduction of bio-based raw materials.
Browse more reports of this category by Grand View Research:
http://www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers
Grand View Research has segmented the colored PU foams
market on the basis of product, application and region:
Global Colored Polyurethane (PU) Foams Product Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
- Rigid
colored PU foams
- Flexible
colored PU foams
Global Colored Polyurethane (PU) Foams Application
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
- Furniture
and interiors
- Construction
- Electronic
appliances
- Automotive
- Footwear
- Packaging
- Others
Global Colored Polyurethane (PU) Foams Regional Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
- North
America
- Europe
- Asia
Pacific
- RoW
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.
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