The global microcellular polyurethane foam market is projected to reach USD 6.95 billion by 2021, at a CAGR of 5.5% between 2016 and 2021. Advanced properties of microcellular polyurethane foams and growing demand from the various end-use industries are the key factors that are projected to drive the growth of the market.
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Automotive was the largest application segment of the market by 2021
the automotive segment accounted for the largest share of the microcellular polyurethane foam market. The increasing number of automotive OEMs is expected to drive the growth of this segment, as microcellular polyurethane foam is widely used in the automotive industry to increase comfort, safety, quality, and visual appeal of vehicles.
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High-density foam is expected to witness significant growth during the forecast period
the high-density foam segment of the global microcellular polyurethane foam market is expected to witness significant growth during the forecast period. The advanced properties of high-density foams, such as durability high performance are the major reasons for the growing demand of these foams, especially from the automotive industry.
China was the largest market for Microcellular polyurethane foam in 2015
Asia-Pacific recorded the largest consumption of microcellular polyurethane foam in 2015. China and Japan were the key markets for microcellular polyurethane foam in Asia-Pacific. The rise in the number of vehicles is a major factor expected to lead to growth in the market in these countries.
Break-up of profile of primary participants for the report:
• By Company Type - Tier 1 – 35 %, Tier 2 – 35% and Tier 3 – 30%
• By Designation – C level – 25%, Director level – 30%, Others – 45%
• By Region – APAC - 40%, Europe – 25%, North America – 20%, Middle East & Africa – 10%, and Rest of the World – 5%
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The report, as a part of qualitative analysis, provides a comprehensive review of major market drivers, restraints, opportunities, and challenges of the market. It also discusses competitive strategies adopted by different market players, such as BASF SE (Germany), The Dow Chemical Company (U.S.), Huntsman Corporation (U.S.), Era Polymers (Australia), and Evonik Industries (Germany), among others.
Reasons to buy this report:
This report covers the following key aspects:
• What will be the market size by 2021 and what will be the growth rate
• What are the key market trends
• What is driving this market
• What are the challenges that impact market growth
• Who are the key players in this market
• Price analysis
• Global report covers key regions, such as North America, Europe, Asia-Pacific, Middle East & Africa, and RoW, along major countries in these regions
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Absolute Reports is an upscale platform to help key personnel in the business world in planning and executing visionary decisions based on facts and figures derived from in depth market research. The market analysis included in the reports we resell takes into account a multitude of market dynamics and presents highly congruous business intelligence. We are one of the top report resellers in the market, committed towards bestowing an ingenious concoction of data parameters to our buyers. Absolute Reports aims to apprise the market players of all levels with an accurate and concise amalgamation of vital market data which will facilitate their dominance in the industry.
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