Presence of large number of global, regional, and local players has created a fragmented landscape in the global rigid polyurethane foam market. Leading players in the market are using in different business development strategies that they think are best for them. Some of the few market players are Covestro, Huntsman Corporation, DuPont, DUNA CORRADINI S.p.A, and BASF SE. For instance, Huntsman Corporation is using mass distribution strategies to cover larger market share. The company has implemented this strategy specifically for this product, as it requires less technical assistance aligning to their application scopes. Moreover, it also helps in reducing distribution cost across the country.
Another example is of BASF who has outsourced their small and medium customer’s base to manage demand for products from them. Third-party sources manage brand image, accessibility, and product visibility for these customers. Both the companies are using different strategies that suits best for the growth and development.
In terms of revenue, the global rigid polyurethane foam market is expected to generate US$25.5 bn by the end of 2025, progressing from US$15.2 earned in 2016. This valuation will be attained if the market progresses at 6.0% CAGR between 2017 and 2025.
The demand for rigid polyurethane foam is high in the building and construction segment and is likely to lead the global rigid polyurethane foam market in the coming years. Increasing building of residential housing, retail stores, commercial spaces, power stations, factories, and others has led the demand for rigid polyurethane foam in this segment. With respect to geography, Asia Pacific is expected to lead the market due to a significant rise in the building and construction industry.
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High Thermal Performance Property to Bolster Demand for Rigid Polyurethane Foam
Increasing application of rigid polyurethane foam in construction and building, automotive, industrial, and other industries has fueled growth in the global rigid polyurethane foam market. Moreover, demand for rigid polyurethane foam also increased due to its thermal insulation material that acts as refrigerated containers. These containers are widely used in rail and road transport that further fuels growth in the automotive industry. Application of thermal insulation material present in rigid polyurethane foam is also seen in homes that help in maintaining uniform temperature that results in energy saving.
Adding further, key properties of rigid polyurethane foam that is used as insulation materials are stability, durability, high thermal performance, high mechanical performance, and energy-efficiency. Due to these properties, it high in demand in homes and commercial building where it helps in reducing cooling and heating costs.
Strict Government Regulations could Deter Market Performance
Factors such as fluctuating raw material prices are expected to deter demand in the global rigid polyurethane foam market. This also leads in changing the demand and supply of these raw materials, which might also hamper growth market. Moreover, strict environmental regulations and government regulations against the use of isocyanates used in polyurethane foam production, as it has harmful effects on health is also expected to restrict growth in this market. However, increasing use of rigid polyurethane foam in building and construction and rapid pace of industrialization might help in reducing these challenges.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Rigid Polyurethane Foam Market (End User - Automotive, Building and Construction, and Appliances) - Global Industry Analysis, Size, Share, Growth Trends & Forecasts 2017 - 2025”.
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Latest research on Global Rigid Polyurethane Foam (RPUF) Market report covers forecast and analysis on a worldwide, regional and country level.
The study provides historical information of 2016-2021 together with a forecast from 2021 to 2026 supported by both volume and revenue (USD million).
The entire study covers the key drivers and restraints for the Rigid Polyurethane Foam (RPUF) market.
this report included a special section on the Impact of COVID19.
Also, Rigid Polyurethane Foam (RPUF) Market (By major Key Players, By Types, By Applications, and Leading Regions) Segments outlook, Business assessment, Competition scenario and Trends .The report also gives 360-degree overview of the competitive landscape of the industries.Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries.
Players can use this study to explore untapped Rigid Polyurethane Foam (RPUF) markets to extend their reach and create sales opportunities.Some of the key manufacturers operating in this market include: Bayer, Huntsman, Basf, Dow, Recticel Foams, Nanjing Hongbaoli, Wanhua Rongwei, Lecron Energy-saving, Hengfeng Polyurethane, Guangzhou LONG TANG, TIANJIN COSMO and More...Download Free PDF Sample Copy of the Report(with covid 19 Impact Analysis): https://www.globmarketreports.com/request-sample/94230Our Research Analyst implemented a Free PDF Sample Report copy as per your Research Requirement, also including impact analysis of COVID-19 on Rigid Polyurethane Foam (RPUF) Market SizeRigid Polyurethane Foam (RPUF) market competitive landscape offers data information and details by companies.
The vendor landscape of polyurethane foam market is showcasing an intensified competition due to the existence of large and small players, mentions Transparency Market Research in a recent published report.
In order to offer innovative products, many key vendors have started expanding in different geographical regions.
Some of the prominent key players in the global polyurethane foam market are Nitto Denko Corporation, Trelleborg AB, Tosoh Corporation, BASF SE, Compagnie DE Saint Gobain SA, and The Dow Chemical Company.As per TMR predictions, the opportunity in global polyurethane foam market is expected to grow to US$74 bn by 2022, rising from US$51.4 bn in 2015.
The polyurethane foam market in Europe is projected to showcase a solid CAGR of 7.2% from 2017-2022 and is expected to rise at a revenue of US$17.8 bn by 2022.Request A Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S_id=33287Flexible Polyurethane Foam Market Accounts for the largest Share in Polyurethane Foam market in 2017The global polyurethane foam market comprises of various diverse sectors such as the automotive industry, packaging industry, and the construction industry, witnesses Transparency market research in a recent market report.
Due to its lightweight property, it has an upper hand and puts an advantage over conventional goods for few end use industries.
TMR says that a lot of companies are planning to take over small scale businesses so as to gain more experience and manpower resulting into expansion.Oil and gas Sector to Augment the Polyurethane Foam MarketPolyurethane foams are flexible, durable, chemically stable, and provide resistance to heat, moisture, and electricity.
The global aniline market is expected to reach USD 14.57 Billion by 2026, according to a new report by Reports and Data.
According to the U.S. Department of Energy, the heating and cooling costs amounts to 56.0% of the energy consumed in the average American home, and the insulating properties of rigid polyurethane foam helps in saving money while upholding uniform temperature along with reduction in noise levels.Additionally, the insulating feature of rigid polyurethane foam is superior, and it allows construction companies to create thinner walls thinner and lower roof profiles making more spacious interiors.
These foams are beneficial in reducing construction costs and utility bills.Request for sample copy @ https://www.reportsanddata.com/sample-enquiry-form/2345Key participants include BASF SE, First Chemical Corporation, Covestro, Mitsubishi Chemicals, Mitsui Chemical, Sabic, Sumitomo Chemical, The Dow Chemical Company, Tosoh Corporation, and Petrochina Co. Ltd., among others.The growing demand for aniline in rubber-processing is likely to fuel market growth in the upcoming years.
The market in the North America region is estimated to witness the fastest growth in the period 2019-2027.Further key findings from the report suggestBy product type, synthetic aniline dominated the market in 2018 and is likely to grow at a rate of 5.4% in the forecast period as nearly all aniline produced worldwide is produced synthetically.By application, methylene diphenyl diisocyanate (MDI) contributed to a larger market share of around 80.0% in 2018 and is projected to witness a CAGR of 6.0% in the forecast period.
The majority of rigid PU foam finds application in the building & construction and consumer goods industry, whereas flexible PU foam is primarily used in transportation among other areas.By industry vertical, the building & construction industry accounted for the largest market share in 2018 and is likely to grow at a rate of 6.6% in the forecast period.The market in the Asia Pacific region held the largest market share in 2018 and is expected to witness a growth rate of 6.7% in the period 2019-2026.
The market dominance of the APAC region is owing to the growth of the construction and automotive industry in the region.For the purpose of this report, Reports and Data have segmented the global aniline market on the basis of product type, application, industry vertical, and region:Product Type Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)Synthetic AnilineBio-Based AnilineTo identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/aniline-marketApplication Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)Methylene Diphenyl Diisocyanate (MDI)OthersIndustry Vertical Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)Building & ConstructionRubberConsumer GoodsAutomotivePackagingAgricultureOthersReasons for Buying this Report:The report focuses on market share, market size, revenue share, industry growth rate, regional bifurcation, and overall industry outlook.The study provides pin-point analysis for changing competitive dynamics.The report helps readers in understanding the product segments and their future growth.Analysts in this research report can quickly expand their business by focusing on various business and market strategies.
