Polyurethane Foam Market Expects Huge Surge in Coming Years

Recent findings from the “One Component Polyurethane Foam Market – Global Forecast to 2022” has indicated that Polyurethane will experience record market growth through 2017 – 2022.

“The one component polyurethane foam market is estimated at USD 2.38 Billion in 2017 and is projected to reach USD 3.37 Billion by 2022, at a CAGR of 7.2% from 2017 to 2022.

One component polyurethane foams have a broad application area in the construction market. Key end-use industries for these foams include gap filling, thermal and acoustic insulation, and fire retardants, among others. The growing building & construction industry has fuelled the growth” of one component polyurethane foam. One component polyurethane foam in China “is growing rapidly and is expected to witness high growth in the coming years. Countries such as India, Thailand, and Indonesia have increased their investments in various end-use industries, which are expected to propel the growth of the one component polyurethane foam market in the Asia Pacific region.”

Source.