According to a market report by Lucintel, the future of the global microcellular polyurethane foam market looks promising with opportunities in the automotive, building & construction, electronics, medical, and aerospace markets. The global microcellular polyurethane foam market is expected to reach an estimated $10.6 billion by 2030 with a CAGR of 5.6% from 2024 to 2030.
The major drivers for this market are rising demand for the construction
and building industries, extensive use of high-density microcellular
polyurethane foam in the manufacturing of bedding, automotive seats, and
upholstery, and increasing consumer demand for electronics products.
In this market, high-density foam and low-density foam are the major
segments of microcellular polyurethane foam market by type.
Lucintel forecasts that high-density foam will remain the largest segment
over the forecast period due to widespread application in both the building and
construction as well as the automotive sectors.
Within this market, automotive is expected to witness highest growth over
the forecast period due to microcellular polyurethane foams are commonly
utilized in this business to improve vehicle comfort, safety, quality, and
visual appeal.
APAC will remain the largest region over the forecast period due to
growing demand from the automotive and aerospace & defense industry in
countries like India, and China.
BASF, Huntsman, Dow, Evonik Group, Rogers, Rubberlite, and INOAC Corporation are the major suppliers in the microcellular polyurethane foam market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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