Rising Demand from Automobile Industry Drives Colored PU Foams Market to Touch US$17.59 bn by 2019 : TMR
Transparency Market Research (TMR) has announced the addition of a new market study based on the global colored PU foams market. The report analyzes the drivers and restraints of the market, and the impact of these on the demand for colored PU foams during the forecast period from 2013 to 2019. The findings of the report show that the market is expected to stand at US$17.59 bn by the end of 2019 increasing from US$9.02 bn in 2012, expanding at a CAGR of 7.8% from 2013 to 2019. The report studies the attractiveness of the colored PU foams market for investors and other stakeholders.The report is titled, “Colored PU Foams Market – Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 – 2019.” Based on the information provided in the report regarding the challenges which new entrants face, the strategies used by leading companies in the colored PU foams market, and also the market trends, an interested individual or enterprise can effectively make smart decisions regarding investment in the market.
PU or polyurethane is a polymer composed of organic units manufactured in the presence of blowing agents, catalysts and additives. The use of blowing agents in the process results in the opening up of the cells, thus resulting in lightweight PU foams. PU foams when treated with color pastes, color pigments, and dispersions, result in colored PU foams, and are resilient, durable, and flexible.
The global colored PU foams market is expanding due to the growth in the construction industry especially in the BRIC countries. Urbanization and huge demand for automobiles from emerging markets are encouraging the growth of the market. On the other hand, the unpredictability in the prices of raw materials and strict environmental regulations are expected to restrain the global colored PU foams market. However, the rising demand for bio-based colored PU foams from the Middle East and North America is projected to open new opportunities for growth in the coming years.
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On the basis of cell structure, the global colored PU foams market is segmented into flexible PU foams and rigid PU foams, out of which, the flexible PU foams segment accounted for about 57% of the global colored PU foams market in 2012. The growth of the segment can be attributed to the comfort and aesthetic beauty which the flexible PU foams provide. Rigid colored PU foams find applications in refrigerators, wall insulation, chillers, and floor insulation, owing to their versatility and energy efficiency.
The global colored PU foams market is segmented on the basis of geography into Asia Pacific, Europe, North America, and Rest of the World. While North Africa and the Middle East are expected to show average growth in the global colored PU foams market, Asia Pacific is expected to expand at the highest CAGR of 5.9% from 2013 to 2019, driven by the growing demand from the automotive and electronics industries.
Major players in the global colored PU foams market, which are profiled in the report are: Rogers Corporation, Bayer MaterialScience AG, Recticel SA, Saint-Gobain Performance Plastics Corporation, Huntsman Corporation, The Dow Chemical Company, and BASF SE.
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