Global polyurethane foam market dominated by BASF SE, Bayer AG, Huntsman Corp., Recticel SA, and The Dow Chemical Co in 2013
Global Polyurethane Foam Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-11 10:09:02
The Global Polyurethane Foam market is forecast to grow at a CAGR of 7.03 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing demand from Bedding & Furniture and Construction industries. The Global Polyurethane Foam market has also been witnessing the introduction of green polyurethane foam. However, the increasing prices of raw materials could pose a challenge to the growth of this market.
Key vendors dominating this space include BASF SE, Bayer AG, Huntsman Corp., Recticel SA, and The Dow Chemical Co.
Other vendors mentioned in the report are Armacell Enterprise GmbH & Co. KG, Carpenter Co., Chemtura Corp., Foamcraft Inc., FoamPartner Group, Future Foam Inc., FXI-Foamex Innovations, INOAC Corp., Rogers Corp., Saint-Gobain Performance Plastics Corp., Sekisui Alveo AG, UFP Technologies Inc., Vita (Group) Unlimited, and Woodbridge Foam Corp.
The following companies represent the key players in Global Polyurethane Foam Market: BASF SE, Bayer AG, Huntsman Corp., Recticel SA, and The Dow Chemical Co.
Green polyurethane foams are the modified hybrid polyurethane foams manufactured without using hazardous isocyanates in the production process. This reduces the chances of health hazards such as irritation in the skin caused by polyurethane foams. Additionally, the green polyurethane foams use bio-based polyols, which are more eco-friendly in nature, instead of petroleum-based polyols. These green polyurethane foams are rapidly gaining popularity and acceptance among the end-users.
The increasing demand from the Bedding and Furniture and Construction industries is one of the major factors that drive the growth of the market. It is estimated that the global demand for mattresses will reach approximately US$33 billion in 2018. Though innerspring mattresses dominated the market in 2013, the demand for foam mattresses is increasing worldwide at a rapid rate.
Further, one major challenge is the increasing prices of raw materials. The market is witnessing an increase in the prices of raw materials, forcing the vendors to increase their product prices.
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