Foamed Plastics (Polyurethane): A Global Strategic Business Report
San Jose, CA (PRWEB) April 30, 2012
Follow us on LinkedIn – Foamed Plastics (Polyurethane/PU) industry is a modern, highly technical sector of the materials industry due to progress in basic research and application development. Polyurethane (PU) technology is spreading fast into new markets due to its versatility and manufacturers are offering a wide plethora of choices to the end-users. The market for Polyurethane (PU) foam finds application in the aeronautic, construction, domestic appliance, automotive sectors and footwear. Demand is highly dependent on diverse end use applications particularly in construction, furniture, bedding and automotive sectors. The industry has witnessed a shift from the CFC blowing systems to low- or non-ozone-depleting alternatives. Polyurethane, one of the largest segments in cellular polymeric materials, is produced either in rigid or flexible foams. Though flexible PU foams account for a predominant 55% share of the worldwide consumption, the proportion of rigid and flexible foams varies across various geographic regions. For instance, in Mexico and China, rigid PU foams account for about half of the total PU foam consumption, owing to the regions’ significance as a production site for freezers and refrigerators. In Europe, Middle East, and Asia-Pacific, rigid foams represent one of the most lucrative segments in the overall PU products and chemicals market. In Germany and Central Europe, rigid foams are primarily used in the production of PU/PIR flexible panels. On the other hand, the demand for foams for use in cooling and heating pipes is also witnessing rapid expansion in the Middle East and Eastern European markets.
Automobile industry uses many types of plastics such as thermosets, polyvinyl chloride, engineering plastics, thermo plastic olefins, and thermo plastic elastomers. Producers of polyurethane raw materials are benefiting from the early signs of recovery in the automobile industry. PU is increasingly being used in the burgeoning Automotive sector. Better prospects in Southeast Asia, Middle East and China are expected to increase the polyurethane demand. Consumption of polyurethane products both thermoset as well as thermoplastic is projected to grow at a modest pace. New design body panels made from thermoplastic elastomers resin are finding increasing applications in auto sector. Automakers are also using more of polyurethane products due to strict requirements on recycling of waste. The automotive sector uses semi-rigid PU foam, which is used as a replacement for fiberglass headliners in automobiles.
The global Furniture/Bedding industry represents the largest end-use market for PU foams, with markets of Europe and Asia-Pacific offering enormous growth opportunities for the segment. An aging health conscious population is driving significant changes in the beddings market. PU foam plays a significant role in the construction of mattresses due to its effectiveness in relieving pressure points. An increasingly significant role is being played by foamed plastic in the furniture market, especially in areas of mass transportation, medical and office seating.
The trio of Europe, Asia-Pacific and US corner a significant chunk of the worldwide foamed plastics (polyurethane) market, as stated by the new market research report on Foamed Plastics (Polyurethane). Buoyed by the robust Chinese, Indian and Hong Kong markets, Asia-Pacific region represents the fastest growing polyurethane market in the world, forecast to expand at a robust pace of about 6% through 2017. Flexible foams dominate the region’s polyurethane market, accounting for majority of the market. India and Pakistan markets are also witnessing healthy growth rates, primarily due to the rising living standards of the people. Thailand, Australia, Singapore, Malaysia, and Indonesia are among other major markets for polyurethane in Asia-Pacific.
Global polyurethane market is largely dominated by the four stalwarts, which include The Dow Chemical Company, Bayer AG, BASF SE and Huntsman Polyurethanes, in terms of production capacity. Other major players profiled in the report include British Vita Unlimited, FXI - Foamex Innovations, Mitsui Chemicals Inc., Recticel S.A, and Woodbridge Foam Corporation. Competitive factors determining the player market presence include price, quality, and assortment of products and services.
The research report titled “Foamed Plastics (Polyurethane): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a strategic review of the industry, key market trends, recent product launches, strategic corporate initiatives, and profiles of key market participants. The report provides annual sales estimates and projections for the years 2009 through 2017 in volume (thousand tons) terms for geographic markets including the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Key end-use markets analyzed include Furniture/Bedding, Automotive, Construction, Electrical Appliances, Recreational Equipment, Packaging, and Others (Textiles and Tanks). The study also provides historic data for an insight into market evolution over the period 2003 through 2008.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Foamed_Plastics_Polyurethane_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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