Global Coloured Polyurethane Foams Market
The Global Coloured Polyurethane Foams Market was valued US$ X.9 Bn and is expected to reach 7.2 Bn by 2027, at a CAGR of 6.10% during a forecast period.
A mounting requirement for the construction of residential building, healthcare sector, and institutional buildings will contribute to the growth in market size over the period of 2020-2027. From developing regions China has documented world’s largest coloured polyurethane foam manufacturing region, approximately 40-45% of market share in the year 2019 was registered by china market. Globally, present manufacturing companies in the market is also expected to enlarge polyurethane production size over the forecast period in order to maximize its overall revenues. Cost of door and window installation polyurethane foam product in the market is roughly, US$ 1.25 to 2.25 Bn.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
New developments in polyurethane processing and carbon recycling process:
Cannon will present equipment for the production of protected sea-going containers equipment for the spray distribution of rigid foams in production and baypreg applications systems devoted to the transportation industries, automotive and in particular for steering wheels, door panels, flexible seats, car interior parts and other sound deadening elements
Special focus on following technologies to improve coloured polyurethane market:
• High-pressure mixing heads
• Vacuum-based foaming technology
• Carbon Recycling by Epoxy Special Impregnation
• Continuous foaming laminators
Market Drivers and Restraints:
The growth of the Colored Polyurethane Foams market is driven by the factors like development in construction projects are demanding efficient foams for furniture, packaging and interiors will boost the market growth. Properties like durability, firmness and flexibility. Furthermore, PU foams have thermosetting characteristics which is attracting the vendors to invest in the market. Rise trendy application of Colored PU foam for automotive accessories, furniture, packaging, floor wadding, and bedding, customization is the another factor to drive the market during forecast period. Colored PU foam is widely accepted by electronics appliances, interior construction, furniture, automotive, footwear, packaging, leisure apparel, sports industries will boost the market in coming years.
Furthermore, fluctuation in the cost of raw materials and availability of active ingredients is hampering to the growth of the Colored PU Foams market.
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