"Innovative Market Solutions to Help Businesses Make Informed Decisions"
Polyurethane is a polymer composed of organic monomers joined by urethane links. These are available in thermosetting as well as thermoplastic form. Polyurethanes are used to manufacture high resilience foams, insulation panel foams, seals, gaskets, air-filter seals, footwear soles, and other products. Flexible PU foams are soft, light, durable, and have cushioning effect which make them suitable for consumer products like furniture, bedding, carpet cushioning, vehicle interiors and others.
Increasing demand from multiple end-use sectors shall drive the market. The use of flexible PU foams in furniture for bedding and cushioning is expected to hold the largest share in market. Additionally, its used in automobile interiors to enhance the aesthetic properties and comfortability of seats shall create positive impact. Use of colored flexible PU foam in manufacturing of gaskets, seals and other wide range of applications shall drive the market.
However, polyurethane is highly flammable material and releases carbon monoxide and hydrogen cyanide along with nitogen oxides and other toxic chemicals. This is expected to hinder the market growth.
Key Market Driver -
Increasing demand from end-use sectors.
Key Market Restraint -
Based on application, the global flexible colored polyurethane (PU) foams market is segmented into furniture and interiors, construction, electronic appliances, automotive, footwear, packaging, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global flexible colored polyurethane (PU) foams market consists of global & regional players operating. Some of the key players in the market include Covestro AG, BASF SE, Wanhua Chemical Group Co., Ltd., Dow Inc, Huntsman Corporation, Sekisui Chemical Co., Ltd., Saint-Gobain SA, Bayer AG, Lanxess, DuPont, and others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is projected to be the largest and fastest growing market attributed to the large manufacturing base. Moreover, the lower labor cost shall drive the regional market. North America is expected to show significant growth due to the high expenditure on interiors and furniture. Europe is expected to show considerable growth attributed to the rising demand from automobile sector. Latin America and Middle East & Africa shall exhibit sluggish growth by the end of forecast period.
To gain extensive insights into the market, Request for Customization
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry