The market is estimated to portray a CAGR of xx% during the forecast period i.e. 2020-2030. As per the report, growing end-use industries in evolving regions and increasing demand for PU foam in building insulation for energy conservation are likely to drive the market for colored PU foams in the coming years.
The rising need for the appealing and contented interior in automotive is anticipated to strengthen the development of the global colored PU foam market in the coming years. It lowers down weight and raises the fuel economy along with comfort, corrosion defiance, insulation and sound immersion in automotive. Moreover, it has several uses in Electronics as well as in Construction. The increasing need for furniture and interiors of colored PU foams like luxury sofas, chairs, cushions and floorings on a large-scale are estimated to acquire the rise of global colored PU foam market. Growing demand for the PU in packaging is expected to cause the growth of the global colored PU foam market during the forecast period.
The market report on global colored PU foams market comprises of the following in-depth analysis:
• The estimated value of the market in 2019 was USD XXXX million.
• Based on product type, the flexible foam segment emerged out as a key segment in the colored PU foams market across the globe.
• On the basis of end-users, the automotive segment was the leading segment of the market across the globe.
• Region-wise, the market in North America emerged as the leading segment in the market for colored PU foams.
• Key players are likely to focus on product innovations and expansion through merger to retain their positions in developed markets.
Polyurethane (PU) foam is a distinct and an enormous section of global polyurethane (PU) market. PUs is considered to be a part of our day to day life. Foams have a substantial role in commercial and industrial divisions reaching from automotive to refrigeration. Foams are categorized as flexible and rigid foams. Colored PU foams are thermosetting polymers having characteristics such as flexibility, rigidity, durability, and fatigue resistance. It provides high functioning, adaptable strategies, flexibility, thermal defiance and useful energy to the products. Applications of colored PU foams comprise bedding, packaging, upholstery furniture, floor insulation, automotive accessories, etc. Traditional foams have related collection as the colored PU foams have; nevertheless, colored PU foams could be customized according to its preferred application. Due to the diverse characteristics of colored PU foams, these are used in the sectors like automotive, interior construction, furniture, electronics appliances, footwear, sports, packaging, leisure apparel, etc.
Global colored PU foams market is segmented by product type into rigid foam, flexible foam and spray foam. Among these, the flexible foam segment emerged as the key segment, holding a market share of xx% in 2019. Based on end-users, the market is divided into bedding, furniture & interior, building & construction, electronic appliances, footwear, automotive, packaging and others. Among these, the automotive segment emerged as the key segment of the market, holding xx% of the total market share in the year 2019. Region-wise, the worldwide colored PU foams market is segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. Among these, the market in North America is witnessed to be the key segment of the market, acquiring xx% of the total market share in 2019.
Key Players in the Market
Some of the key players in global colored PU foams market are Huntsman Corporation, Recticel, Carpenter Company, Rogers Corporation, Stepan Company, Saint-Gobin Performance Plastics Corporation, Bayer Material Science, The Dow Chemical Company, BASF and Others.
Get Valuable Insights into Colored PU Foams Market
In the new report, Fatpos Global thrives to present an unbiased analysis of the global colored PU foams market that covers the historical demand data as well as forecast figures for the period i.e. 2020-2030. The study includes compelling insights into growth that is witnessed in the market. The global colored PU foams market is segmented by product type into rigid foam, flexible foam and spray foam. The market is segmented on the basis of end-users into bedding, furniture & interior, building & construction, electrical appliances, automotive, footwear, packaging and others. Region-wise, the market is segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific.