The flexible colored polyurethane is segment into application such as building & construction, packaging, electronics appliances, automotive, furniture and interiors, footwear, others (including sports and leisure apparel, etc.). Among these automotive is expected to dominate the overall market and is projected to reach a remarkable CAGR by 2027. It is majorly used in designing of the interior of the automobiles due to its light weight which increases the fuel economy of the vehicles. The growing demand of the automobiles across the world is expected to positively impact the growth of the flexible colored polyurethane foam market in the upcoming years. Further it is also used in the manufacturing attractive furniture, increasing expenditure in furniture is expected to drive the growth of the flexible colored polyurethane foam market over the forecast period.
The global flexible colored polyurethane foam is expected to flourish at a high CAGR by the end of 2027. Additionally, the growth of flexible colored polyurethane foam is majorly depending on the automotive and construction industries coupled with the overall health of the regional economies. It has a wide range of industrial applications such as in aerospace, electrical & electronics industry and automotive industry and others sectors which is expected to raise the demand of the flexible colored polyurethane foam in upcoming years. In term of region North America accounted for the largest market of flexible colored polyurethane foam in term of market share in 2017 and continues its control over the forecast period. Presence of large groups of automotive industries in North America countries is anticipated to driving the growth of flexible colored polyurethane foam market during the forecast period.
Further, Europe is a prominent market of colored polyurethane foam market and is expected to witness of high growth rate over the forecast period. Rising demand of the furniture and interior such as luxury couches, chairs mattresses and others are also envisioned the foster the growth of the global flexible colored polyurethane foam market.
Rising Demand of the Fuel Economic Vehicles
Light weight of polyurethane foam used to design the interior of the automobiles and aero plane and others. It increases the fuel economy by reducing the total weight of the vehicles. Rising demand of the fuel economics automobile with attractive interior is expected to foster the growth of the flexible colored polyurethane foam market.
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Rising Disposal Income
Increasing expenditure in automotive electronics and furniture are anticipated to bolster the growth of the global flexible colored polyurethane foam market.
Monomers of the polyurethane are the petroleum product. Moreover the fluctuating cost associated with the raw material is expected to dampen the growth of the flexible colored polyurethane market. In addition government rules & regulations for the use of polyurethane in industries related to environment are anticipated to restrain the growth of flexible colored polyurethane foam market over the forecast period.
The report titled “ Global Flexible Colored Polyurethane (PU) Foams market Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation” delivers detailed overview of the global flexible colored polyurethane foam market in terms of market segmentation by application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global flexible colored polyurethane foam market which includes company profiling Carpenter Co., Huntsman Corporation, Era Polymer, Sheela Foam Limited, Jining Ningyu Polyurethane Co., Ltd., The Dow Chemical Company, Recticel, Sahara Foams, and Other Prominent Player. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Conductive Polymer Coating market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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