Global Polyurethane (PU) Foam Market Report 2022: Development of Bio-Based Polyols Presents Opportunities – QNT Press Release


DUBLIN, Nov. 8, 2022 /PRNewswire/ — The “Polyurethane (PU) Foam Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.

The global polyurethane (PU) foam market size reached US$ 45.4 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 67.7 Billion by 2027, exhibiting a CAGR of 6.89% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Polyurethane foam is a synthetic polymer that offers insulation and protection to materials against abrasion, temperature, moisture, impact and corrosion. It is commonly available in the spray, flexible and rigid forms and is primarily used as stuffing in beddings and furniture. It is hypoallergenic , non-toxic, does not degrade over time and can also rapidly react with moisture to expand and bond with the surfaces with high adhesion after application. Owing to this, it finds extensive applications across various other industries, including automotive, packaging, construction and electronics.

Significant growth in the construction industry, along with the rising product demand from the furnishing sector, is one of the key factors that is creating a positive outlook for the market. Furthermore, widespread adoption of flexible and semi-rigid polyurethane foams that are used with coatings, paints and adhesives in residential and commercial complexes is also contributing to the market growth.

Additionally, various product innovations and the development …

Full story available on Benzinga.com



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