TechNavio recognizes the following companies as the key players in Global Polyurethane Foam Market: BASF SE, Bayer AG, Huntsman Corp., Recticel SA, and The Dow Chemical Co.
Commenting on the report, an analyst from TechNavio’s team said: “Green polyurethane foams are the modified hybrid polyurethane foams manufactured without using hazardous isocyanates in the production process. This reduces the chances of health hazards such as irritation in the skin caused by polyurethane foams. Additionally, the green polyurethane foams use bio-based polyols, which are more eco-friendly in nature, instead of petroleum-based polyols. These green polyurethane foams are rapidly gaining popularity and acceptance among the end-users.”
According to the report, the increasing demand from the Bedding and Furniture and Construction industries is one of the major factors that drive the growth of the market. It is estimated that the global demand for mattresses will reach approximately US$33 billion in 2018. Though innerspring mattresses dominated the market in 2013, the demand for foam mattresses is increasing worldwide at a rapid rate.
Further, the report states that one major challenge is the increasing prices of raw materials. The market is witnessing an increase in the prices of raw materials, forcing the vendors to increase their product prices.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-polyurethane-foam-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report – Global Polyurethane Foam Market 2014-2018
