Global Closed Cell Polyurethane Foam Market Overview:
Polyurethane is a type of polymer or plastic which belongs to the wide range and highly diversified family of polymers. Closed cell polyurethane foam is available in hard foam, its hardness depends on the density of the foam. The cells or bubbles in the closed cell polyurethane foam are crammed together in a compact configuration, which makes them rigid and strong. These cells are filled with gases, which make them ideal insulators and water resistant. Further, the increase in the use of polyurethane foam owing to the growing demand for insulation from the building & construction industry is one of the factors driving the Closed Cell Polyurethane Foam market. Some of the key players profiled in the study are BASF SE (Germany), Covestro (Germany), The Dow Chemical Company (United States), Huntsman Corporation (United States), Cellofoam (United States), Armacell International (United Kingdom), Glava A/S (Norway) and Wisconsin Foam (United States).
On the basis of geography, the market of Closed Cell Polyurethane Foam has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Properties, the sub-segment i.e. Thermal Resistance will boost the Closed Cell Polyurethane Foam market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rapid Industrialization
- Increase in the use of closed cell Polyurethane foam in Packaging Industry
- Demand for Polyurethane Foam in the Automobile Sector in Insulated cars
- Rapid Increase of Polyurethane Foam among End-user
- Increasing use of Polyurethane Foam in Construction, Packaging, and Footwear, etc.
- Cost Factor Associated with Polyurethane Foams may Hamper the Market Growth
- Significant Investment in New Infrastructure Development & New Housing Projects
- Use of Isocyanates in Polyurethane and its Harmful Effect
Major Market Developments:
June 2018, Heatlok HFO Pro spray foam from Huntsman Corporation is the latest technology in the Heatlok HFO closed-cell spray foam series, leveraging Honeywell Solstice® liquid blowing agents. Designed on the molecular level to specifically address the challenges of today’s building envelope, Heatlok HFO Pro spray foam is certified by the Air Barrier Association of America (ABAA) for adhesion to most air barrier materials.
The Global Closed Cell Polyurethane Foam is moderately fragmented with few players. These players are are undertaking efforts to address the demand for polyurethane foam from the furniture and construction industries.
Closed Cell Polyurethane Foam Manufacturers, Potential Investors, Downstream Vendors, Marketing firms, Industry Associations, Traders/Distributors & Suppliers and Government and Regulatory Bodies
Major Objectives Focused through this Study
To define, describe, and forecast the Global Closed Cell Polyurethane Foam market on the basis of product [Flexibility Foam and Rigid Foam] , application [Building Thermal Insulation, Pipe Coating Insulation, Thermal Packaging and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Closed Cell Polyurethane Foam market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Closed Cell Polyurethane Foam industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Lapolla Industries (United States) and Ramfoam (United Kingdom).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Closed Cell Polyurethane Foam market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.