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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Colored PU foams are thermosetting polymers that have excellent properties such as rigidity, durability, flexibility, and fatigue resistance. Moreover, it has high performance, thermal resistance, and versatile design. It is widely used across applications such as packaging, upholstery furniture, floor insulation, bedding, automotive accessories, etc.

The global colored PU Foams market is estimated to account for US$ 17,590.5 Mn in terms of value and 5,882.8 Kilo Tons in terms of volume by the end of 2019.

Drivers:

High demand for colored PU foams from the automotive industry is fostering the market growth. Plastic and polymers are rapidly replacing metals in vehicles in order to reduce the overall weight of automobiles and improve efficiency. This attributed to growing environmental concern and rising need for a high-performance vehicle. Thus growing demand for colored PU foams from the automotive industry will favor the market growth.

The growing demand for colored PU foams from the packaging industry is projected to augment market growth. It is used in the packaging materials due to their high thermal resistance, strength, and stability. The growing need for safety of the materials during transportation coupled with the expansion of the packaging industry is projected to foster the market growth of the colored PU foams in the near future. 

Figure 1. Global Colored PU Foams Market Share (%) in terms of Value, By Region, in 2019

Colored PU Foam  | Coherent Market Insights

North America and Europe region dominated the global colored PU foams market in 2019, accounting for 33% share in terms of value.

Market Restraints

Fluctuating price of raw materials used in the manufacturing of the colored PU foams is expected to hamper the market growth. The raw materials used in the manufacturing of PU foams are derived from petrochemical products and petrochemical products are highly susceptible to fluctuating price due to the political scenario. This factor is expected to hinder the market growth.

Strict environmental rules and regulations due to hazards associated with the colored PU foams are expected to restrict the usage of such products. Colored PU foams have various potential hazards such as soil degradation, greenhouse gas emission, and water pollution. Thus strict environmental norms are expected to hamper the market growth.

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Colored PU Foams Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 17,590.5 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 7.8% 2027 Value Projection: US$ 29,854.9 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Africa
Segments covered:
  • By Product Type: Rigid PU Foam, and Flexible PU Foam
  • By Application: Furniture & Interior, Construction, Electronic Appliance, Automotive, Footwear, Packaging and others
Companies covered:

BASF SE, Bayer MaterialScience AG, Rogers Corporation, The Dow Chemical, Carpenter Company, Stepan Company, Saint-Gobain Performance Plastics, Huntsman Corporation, Recticel SA, and INOAC Corporation

Growth Drivers:
  • The escalating demand for colored PU foams from the automotive industry is fostering the market growth.
  • The growing demand for colored PU foams from the packaging industry is projected to augment market growth
Restraints & Challenges:
  • Strict environmental rules and regulations due to hazards associated with the colored PU foams are expected to restrict demand for the market.

Market Opportunities

Expanding application of the colored PU foams in the electronic industry is expected to offer potential opportunities over the forecast period. They are widely used in the manufacturing of high end appliances. It is basically used for insulation purposes in the electronics industry. Colored PU foams protect the appliances from short circuits and overheating due to its dielectric and adhesive properties.

The development of bio-based colored PU foams by manufacturers is expected to bring new market opportunities over the forecast period. Increasing inclination of manufacturers toward eco-friendly products due to growing environmental concerns is expected to propel the market growth of the colored PU foams. Moreover, bio-based colored PU foams provide the best alternative to petrochemical products which is further expected to fuel the market growth.

Figure 2. Global Colored PU Foams Market– Opportunity Analysis

Colored PU Foam  | Coherent Market Insights

Market Trends/Key Takeaways

Expansion of the online retail industry due to growing consumerism around the globe is driving demand for packaged products. The online retail industry is witnessing significant growth on the account of growing trend digitalization coupled with the increasing purchasing power of the consumer. Thus, growing consumerism is driving demand for packaged products which in turn is driving the market growth of the colored PU foams.

Manufacturers are entering into a distribution agreement in order to enhance their supply chain. This is one of the current trends in the market. For instance, in September 2019, Huntsman enters into partnership with DKSH's Business Unit Performance Materials to distribute its Polyol and MDI-based polyurethane solutions to the automotive industry in India.

Figure 3. Global Colored PU Foams Market Share (%) in terms of Value, By Product Type, in 2019

Colored PU Foam  | Coherent Market Insights

On the basis of product type in 2019, the flexible PU foam segment has accounted the largest market share of 56% in terms of value, followed by rigid PU foam segment.

Global Colored PU Foams Market - Impact of Coronavirus (Covid-19) Pandemic

Consumer electronics industry has taken a toll due to outbreak of COVID-19 pandemic, across the globe. Globally, hypermarkets, supermarkets, and showrooms of leading brands have been shut down, affecting sales of various consumer electronics products.Due to implication of the measures amid lockdown, enterprises across the globe have adopted remote working as a tool to continue with their business processes. Work from home (WFH) for employees has led to increase in demand for computers, laptops, and peripherals. Webinars and online meetings have positively impacted the sales of headphones and Bluetooth earphones. Due to increase in demand for remote connectivity, sales of networking devices and connectivity hardware solutions has increased multifold. The aforesaid are some of the major effects of Covid-19 on the consumer electronics industry that is expected to increase the demand for colored PU foam market by the year 2027.

Competitive Section:

Company Names 

  1. BASF SE
  2. Bayer MaterialScience AG
  3. Rogers Corporation
  4. The Dow Chemical Company
  5. Carpenter Company
  6. Stepan Company
  7. Saint-Gobain Performance Plastics
  8. Huntsman Corporation
  9. Recticel SA
  10. INOAC Corporation

Few Recent Developments

  1. In September 2019, Huntsman Corp. announced the opening of its new polyurethanes systems house in Dubai. The goal of the new facility is to increase the production capacity of polyurethane systems for construction, insulation, appliances, bedding, and furniture applications.
  2. In September 2019, Huntsman enter into partnership with DKSH's Business Unit Performance Materials to distribute its Polyol and MDI-based polyurethane solutions to the automotive industry in India.

Colored PU foams are thermosetting polymers that have excellent properties such as rigidity, durability, flexibility, and fatigue resistance. Moreover, it has high performance, thermal resistance, and versatile design. It is widely used across applications such as packaging, upholstery furniture, floor insulation, bedding, automotive accessories, etc.

The global colored PU Foams market is estimated to account for US$ 17,590.5 Mn in terms of value and 5,882.8 Kilo Tons in terms of volume by the end of 2019

Market Dynamics

Expanding application of the colored PU foams in the electronic industry is expected to offer potential opportunities over the forecast period. They are widely used in the manufacturing of high end appliances. It is basically used for insulation purposes in the electronics industry. Colored PU foams protect the appliances from short circuits and overheating due to its dielectric and adhesive properties.

Increasing focus of the manufacturer to increase the production capacity of the PU foams is a key trend in the market. For instance, in September 2019, Huntsman Corp. announced the opening of its new polyurethanes systems house in Dubai. The goal of the new facility is to increase the production capacity of polyurethane systems for construction, insulation, appliances, bedding, and furniture applications.

Key features of the study:

  • This report provides in-depth analysis of the global colored PU foams market and provides market size (US$ Million & Kilo Tons) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
  • This study also provides impact analysis of Coronavirus (Covid-19) pandemic on global colored PU foams market.
  • It profiles key players in the global colored PU foams market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study BASF SE, Bayer MaterialScience AG, Rogers Corporation, The Dow Chemical, Carpenter Company, Stepan Company, Saint-Gobain Performance  Plastics, Huntsman Corporation, Recticel SA, and INOAC Corporation
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global colored PU foams market report caters to various stakeholders in this industry including investors, suppliers, global colored PU foams  manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global colored PU foams market

Detailed Segmentation:

  • Global Colored PU Foam Market, By Product Type:
    • Rigid PU Foam
    • Flexible PU Foam
  • Global Colored PU Foam Market, By Application:
    • Furniture & Interior 
    • Construction
    • Electronic Appliance
    • Automotive
    • Footwear 
    • Packaging
    • Others
  • Global Colored PU Foams Market, By Region:
    • North America
      • U.S.
        • By Product Type:
          • Rigid PU Foam
          • Flexible PU Foam
        • By Application:
          • Furniture & Interior 
          • Construction
          • Electronic Appliance
          • Automotive
          • Footwear 
          • Packaging
          • Others
      • Canada
        • By Product Type:
          • Rigid PU Foam
          • Flexible PU Foam
        • By Application:
          • Furniture & Interior 
          • Construction
          • Electronic Appliance
          • Automotive
          • Footwear 
          • Packaging
          • Others
    • Europe
      • U.K.
        • By Product Type:
          • Rigid PU Foam
          • Flexible PU Foam
        • By Application:
          • Furniture & Interior 
          • Construction
          • Electronic Appliance
          • Automotive
          • Footwear 
          • Packaging
          • Others
      • Germany
        • By Product Type:
          • Rigid PU Foam
          • Flexible PU Foam
        • By Application:
          • Furniture & Interior 
          • Construction
          • Electronic Appliance
          • Automotive
          • Footwear 
          • Packaging
          • Others
      • France
        • By Product Type:
          • Rigid PU Foam
          • Flexible PU Foam
        • By Application:
          • Furniture & Interior 
          • Construction
          • Electronic Appliance
          • Automotive
          • Footwear 
          • Packaging
          • Others
      • Italy
        • By Product Type:
          • Rigid PU Foam
          • Flexible PU Foam
        • By Application:
          • Furniture & Interior 
          • Construction
          • Electronic Appliance
          • Automotive
          • Footwear 
          • Packaging
          • Others
      • Spain
        • By Product Type:
          • Rigid PU Foam
          • Flexible PU Foam
        • By Application:
          • Furniture & Interior 
          • Construction
          • Electronic Appliance
          • Automotive
          • Footwear 
          • Packaging
          • Others
      • Russia
        • By Product Type:
          • Rigid PU Foam
          • Flexible PU Foam
        • By Application:
          • Furniture & Interior 
          • Construction
          • Electronic Appliance
          • Automotive
          • Footwear 
          • Packaging
          • Others
      • Rest of Europe
        • By Product Type:
          • Rigid PU Foam
          • Flexible PU Foam
        • By Application:
          • Furniture & Interior 
          • Construction
          • Electronic Appliance
          • Automotive
          • Footwear 
          • Packaging
          • Others
    • Asia Pacific
      • China
        • By Product Type:
          • Rigid PU Foam
          • Flexible PU Foam
        • By Application:
          • Furniture & Interior 
          • Construction
          • Electronic Appliance
          • Automotive
          • Footwear 
          • Packaging
          • Others
      • India
        • By Product Type:
          • Rigid PU Foam
          • Flexible PU Foam
        • By Application:
          • Furniture & Interior 
          • Construction
          • Electronic Appliance
          • Automotive
          • Footwear 
          • Packaging
          • Others
      • Japan
        • By Product Type:
          • Rigid PU Foam
          • Flexible PU Foam
        • By Application:
          • Furniture & Interior 
          • Construction
          • Electronic Appliance
          • Automotive
          • Footwear 
          • Packaging
          • Others
      • ASEAN
        • By Product Type:
          • Rigid PU Foam
          • Flexible PU Foam
        • By Application:
          • Furniture & Interior 
          • Construction
          • Electronic Appliance
          • Automotive
          • Footwear 
          • Packaging
          • Others
      • Australia
        • By Product Type:
          • Rigid PU Foam
          • Flexible PU Foam
        • By Application:
          • Furniture & Interior 
          • Construction
          • Electronic Appliance
          • Automotive
          • Footwear 
          • Packaging
          • Others
      • South Korea
        • By Product Type:
          • Rigid PU Foam
          • Flexible PU Foam
        • By Application:
          • Furniture & Interior 
          • Construction
          • Electronic Appliance
          • Automotive
          • Footwear 
          • Packaging
          • Others
      • Rest of Asia Pacific
        • By Product Type:
          • Rigid PU Foam
          • Flexible PU Foam
        • By Application:
          • Furniture & Interior 
          • Construction
          • Electronic Appliance
          • Automotive
          • Footwear 
          • Packaging
          • Others
    • Latin America
      • Brazil
        • By Product Type:
          • Rigid PU Foam
          • Flexible PU Foam
        • By Application:
          • Furniture & Interior 
          • Construction
          • Electronic Appliance
          • Automotive
          • Footwear 
          • Packaging
          • Others
      • Mexico
        • By Product Type:
          • Rigid PU Foam
          • Flexible PU Foam
        • By Application:
          • Furniture & Interior 
          • Construction
          • Electronic Appliance
          • Automotive
          • Footwear 
          • Packaging
          • Others
      • Rest of Latin America
        • By Product Type:
          • Rigid PU Foam
          • Flexible PU Foam
        • By Application:
          • Furniture & Interior 
          • Construction
          • Electronic Appliance
          • Automotive
          • Footwear 
          • Packaging
          • Others
    • Middle East & Africa
      • Middle East
        • By Product Type:
          • Rigid PU Foam
          • Flexible PU Foam
        • By Application:
          • Furniture & Interior 
          • Construction
          • Electronic Appliance
          • Automotive
          • Footwear 
          • Packaging
          • Others
      • Africa
        • By Product Type:
          • Rigid PU Foam
          • Flexible PU Foam
        • By Application:
          • Furniture & Interior 
          • Construction
          • Electronic Appliance
          • Automotive
          • Footwear 
          • Packaging
          • Others
  • Company Profiles
    • BASF SE
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Bayer Material Science AG
    • Rogers Corporation
    • The Dow Chemical
    • Carpenter Company
    • Stepan Company
    • Saint-Gobain Performance Plastics
    • Huntsman Corporation
    • Recticel SA
    • INOAC Corporation

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Colored PU Foam Market – Impact of Coronavirus (Covid-19) Pandemic
    • Impact of Coronavirus – Overview
    • Impact Analysis, By Region
      • North America
      • Latin America
      • Europe
      • Asia Pacific
      • Middle East
      • Africa
  5. Global Colored PU Foam Market, By Product Type, 2017 - 2027 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • Flexible PU Foam
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Rigid PU Foam
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
  6. Global Colored PU Foam Market, By Application, 2017 - 2027 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • Furniture & Interior
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Construction
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Electronic Appliance
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Automotive
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Footwear
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Packaging
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
  7. Global Colored PU Foam Market, By Region, 2017- 2027 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Region, 2020 – 2027 (%)
    • North America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
    • Middle East & Africa
      • Market Share Analysis, By Sub-Region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Sub-Region, 2020 – 2027 (%)
        • Middle East
          • Sub-region Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Africa
          • Sub-region Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • BASF SE
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Sherwin-Williams Comapny
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Bayer Material Science AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Rogers Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • The Dow Chemical
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Carpenter Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Stepan Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Saint-Goblin Performance Plastics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Huntsman Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Recticel SA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • IONAC Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

Frequently Asked Questions

The market for colored PU foams is estimated to surpass US$ 18,187.8 million by 2027, exhibiting a CAGR of 7.8% between 2020 and 2027.
High demand for colored PU foams from the automotive industry is fostering the market growth. Plastic and polymers are rapidly replacing metals in vehicles in order to reduce the overall weight of automobiles and improve efficiency. This attributed to growing environmental concern and rising need for a high-performance vehicle. Thus growing demand for colored PU foams from the automotive industry will favor the market growth
The colored PU foams market is expected to exhibit a CAGR of 7.8% during the forecast period (2020-2027).
Major players operating in the global colored PU foams market includes BASF SE, Bayer MaterialScience AG, Rogers Corporation, The Dow Chemical, Carpenter Company, Stepan Company, Saint-Gobain Performance Plastics, Huntsman Corporation, Recticel SA, and INOAC Corporation
Strict environmental rules and regulations due to hazards associated with the colored PU foams are expected to restrict the usage of such products. Colored PU foams have various potential hazards such as soil degradation, greenhouse gas emission, and water pollution. Thus strict environmental norms are expected to hamper the market growth.
Expansion of the online retail industry due to growing consumerism around the globe is driving demand for packaged products. The online retail industry is witnessing significant growth on the account of growing trend digitalization coupled with the increasing purchasing power of the consumer. Thus, growing consumerism is driving demand for packaged products which in turn is driving the market growth of the colored PU foams.
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