Auto Industry News
Auto Bailout News
Auto Show News
Car Dealers News
| Automotive News
| Submit Press Release
(I-AutoNewsWire.com, May 17, 2023 ) The microcellular polyurethane foam market refers to the industry involved in the production, distribution, and utilization of microcellular polyurethane foams. These foams are a type of polyurethane foam that contains small, closed-cell structures, resulting in a lightweight and high-performance material. The scope of the microcellular polyurethane foam market is broad, encompassing various sectors and applications.
The report "Microcellular Polyurethane Foam Market by Type (Low Density Foam, High Density Foam), Application (Automotive, Building & Construction, Electronics, Medical, Aerospace, Others), Region (North America, Europe, APAC, MEA, RoW) - Global Forecast to 2021", is projected to reach USD 6.95 Billion by 2021 growing at a CAGR of 5.5% due to the increasing demand of light-weight materials by the various end-use industries, major ones being automotive, building & construction, electronics, and aerospace.
The growth of the microcellular polyurethane foam market is driven by several factors, including the increasing demand for lightweight materials in various industries, the growing need for energy-efficient solutions, and the rise in demand for sustainable materials.
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=232217217
Key drivers of the microcellular polyurethane foam market include its lightweight and high strength-to-weight ratio, energy efficiency, comfort and ergonomics, versatility and customization, growth in automotive and aerospace industries, and ongoing innovation and advancements.
Browse in-depth TOC on "Microcellular Polyurethane Foam Market”
150 - Market Data Tables
61 - Figures
169 - Pages
Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=232217217
High density foams segment dominated the global microcellular polyurethane foam market in 2015
Among the types, the high density foam accounts for the largest share in the microcellular polyurethane foam market. It is projected to be the fastest-growing type of the microcellular polyurethane foam market between 2016 and 2021. Support, durability, and high foam performance are the key properties of high density foams which are required by varied manufacturing industries. It provides products of high quality standard, thus meeting the growing demand of consumers across the globe.
Automotive is the fastest-growing application segment during the forecast period
The automotive application segment accounts for the largest share in the global microcellular polyurethane foam market, and is the fastest growing application segment in this market. The durability and light weight properties, combined with their strength, make microcellular polyurethane foams ideal not only for cushioning purposes, but also within the bodies of cars, where their insulation properties provide protection against heat and noise of the engine.
Don't miss out on business opportunities in Microcellular Polyurethane Foam Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=232217217
Asia-Pacific dominates the global microcellular polyurethane foam market in 2015
Asia-Pacific is the fastest-growing market, as the region is a major consumer of microcellular polyurethane foams. There is an increasing demand for polyurethane foams from both developed and emerging countries of this region, such as Japan, China, India, and others. Top manufacturers from the U.S. and Europe are now focusing on Asia-Pacific to meet the region’s growing demand. Increasing affluence and consumer spending in emerging economies, such as India and China, are also expected to drive the demand for microcellular polyurethane foams.
An in-depth market share analysis, in terms of revenue, is also included in the report. These numbers are arrived at based on key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts, key opinion leaders such as CEOs, directors, and marketing executives. Some of the major market players in this market are BASF SE (Germany), The Dow Chemical Company (U.S.), Huntsman Corporation (U.S.), Evonik Industries (Germany), Era Polymers (Australia), and others.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Mr. Ashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com
Mr. Aashish Mehra