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Showing posts with the label Polyurethane Foam Industry

Polyurethane (PU) Foam Market Overview - Key Futuristic Trends and Opportunities

Increasing construction spending coupled with high demand from bedding & furniture industry for cushioning and insulation is estimated to drive industry growth. The Global Polyurethane Foam Market is expected to reach USD 91.96 billion by 2024, according to a new report by Grand View Research, Inc. Polyurethane foams consumption is anticipated to increase significantly owing to reduced wastage, elevated recyclability, greater sustainability, and reduce energy consumption throughout their life cycle. Growing requirement in end-use industries such as packaging and footwear is anticipated to further compliment growth. Various governments and federal agencies are increasingly being concerned with detrimental health effects of isocyanates utilized in PU production. Recent trends in PU production include the elimination of chlorinated fluorocarbon blowing agents, due to toxicity & sustainability concerns. Flexible foam was the leading product segment and accounted for over 55% of