Microcellular Polyurethane Foam Market worth 6.95 Billion USD by 2021

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Microcellular Polyurethane Foam Market
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.
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Introduction
The global microcellular polyurethane foam market
is expected to reach USD 6.95 billion by 2021 at
a CAGR of 5.5 between 2016 and 2021. On the
basis of type, the market is segmented into high
density foam and low density foam. Flexible
foams and rigid foams, which are commercially
used in a wide range of applications, are
available in both the forms, that is, in high
density as well as low density. Generally, foams
of microcellular nature are usually of high
density.
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Key Participants
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.
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On The Basis Of Region
Asia-Pacific dominated the global microcellular
polyurethane foam market and accounted for a
largest share, followed by Europe and North
America. The market in this region is
experiencing increased microcellular polyurethane
foam consumption in automotive and building
construction industries. In terms of value, the
microcellular polyurethane foam market in China
is expected to witness a highest growth during
the forecast period.
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