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Colored Polyurethane (PU) Foams Market Outlook and Global Foresight to 2022

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.

The Global Colored Polyurethane (PU) Foams Market is expected to reach USD 20.33 billion by 2022, according to a new report by Grand View Research, Inc.

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.

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.

To Know More About Colored Polyurethane (PU) Foams Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/colored-polyurethane-pu-foams-market 

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.

Market Segmentation of Colored Polyurethane (PU) Foams Market:

The Global Colored Polyurethane (PU) Foams Market segmented on the basis of Product, Application and Region.

By Product:

Rigid colored PU foams
Flexible colored PU foams

By Application:

Furniture and interiors
Construction
Electronic appliances
Automotive
Footwear
Packaging

By Region:

North America
Europe
Asia Pacific
RoW

Inquire about Colored Polyurethane (PU) Foams Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2496/ibb 
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