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.
For full research report on Colored
Polyurethane (PU) Foams Market visit here: https://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.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/colored-polyurethane-pu-foams-market/request/rs1
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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