The global rigid polyurethane foams market 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.
Full Research Report On Rigid Polyurethane (PU) Foams Market Analysis: www.grandviewresearch.com/industry-analysis/rigid-polyurethane-pu-foams-industry
Global rigid polyurethane foams volume, by product, 2012
Further Key findings from the study suggest:
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Grand View Research has segmented the global rigid polyurethane foams market on the basis of product and region:
Rigid Polyurethane Foams Product Outlook,
Rigid Polyurethane Foams Regional Outlook,
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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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