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The polyurethane foam market will register a CAGR of over 3% by 2023

About this market The increasing demand for polyurethane foams in China will lead the market to register continuous growth in the forthcoming years. PU foams are increasingly being used in different industries including consumer goods, automotive, construction, furniture and bedding, and healthcare.

/EIN News/ -- New York, Jan. 17, 2020 (GLOBE NEWSWIRE) -- announces the release of the report "Global Polyurethane Foam Market 2019-2023" -
Such rising applications will positively impact market growth in the long run. Analysts have predicted that the polyurethane foam market will register a CAGR of over 3% by 2023.

Market Overview
Rising demand for PU foams in China
One of the growth drivers of the global polyurethane foam market is the rising demand for PU foams in China. The growing construction, automotive, and packaging industries in China will drive the demand for PU foams during the forecast period.
Health hazard on use of TDI and MDI as a raw material in production of PU foams
One of the challenges in the growth of the global polyurethane foam market is the health hazard on the use of TDI and MDI as a raw material in the production of PU foams. Increasing health hazards such as skin and respiratory tract irritation, and immune sensitization due to exposure to TDI and MDI will negatively impact the market.
For the detailed list of factors that will drive and challenge the growth of the polyurethane foam market during 2019-2023, view our report.

Competitive Landscape
The market appears to be highly fragmented with the presence of several market players. Various companies are focusing on offering HFO-based PU foam blowing agents, which can be used as replacements for HFCs and HCFCs. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Read the full report:

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