November 2024 | Report Format: Electronic (PDF)
Colored Polyurethane Foams Market Growth & Trends
The global colored polyurethane foams market size is expected to reach USD 93.69 billion by 2030, registering a CAGR of 6.7% during the forecast period, according to a new report by Grand View Research, Inc. The market is expected to be driven by increasing developments in electronic appliances, automotive, footwear and packaging industries. Growing demand for high performance materials from automotive industry is expected to drive global colored PU foams market over the forecast period. Increasing construction spending in Asia Pacific is also expected to have a positive influence on the market growth. Volatile MDI/TDI prices are expected to challenge market profitability.
Flexible colored PU foams were the leading product segment and accounted for over 49.5% of total market volume in 2023. They are widely used for cushioning applications mainly in furniture & interiors and packaging industries. Rigid PU foams are expected to witness significant growth during the forecast period. Growing demand for insulation products across automotive and construction industries is expected to drive this segment over the forecast period.
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Colored Polyurethane Foams Market Report
Colored Polyurethane Foams Market Report Highlights
- The furniture indstry was the leading application segment with demand share exceeding 33.2% in 2023. This growth can be credited to the rising demand for customization.
- The pigment paste colorants have emerged as the fastest-growing segment, with 6.8% during the forecast period. The rising consumer inclination towards customization in furniture, automotive, and textiles has primarily driven the market.
- Asia Pacific was the leading regional market with demand share estimated at 48.9% in 2023. Growth can be attributed to the region’s emerging economies, including China and India, which expanded construction activities.
- Global industry is highly fragmented in nature. Small and medium sized industry participants leading the market. The market is expected to attract huge number of companies owing to introduction of bio-based raw materials.
Colored Polyurethane Foams Market Segmentation
Grand View Research has segmented the global colored polyurethane foams market based on type, colorant, application, and region:
Colored Polyurethane Foams Type Outlook (Revenue, USD Million; Volume, Kilotons, 2018–2030)
- Flexible Colored PU Foam
- Rigid Colored PU Foam
- Colored Spray PU Foam
Colored Polyurethane Foams Colorant Outlook (Revenue, USD Million; Volume, Kilotons, 2018–2030)
- Pigment Paste
- Liquid Color
- Others
Colored Polyurethane Foams Application Outlook (Revenue, USD Million; Volume, Kilotons, 2018–2030)
- Furniture and Interiors
- Construction
- Electronic Appliances
- Automotive
- Footwear
- Packaging
- Others
Colored Polyurethane Foams Regional Outlook (Revenue, USD Million; Volume, Kilotons, 2018–2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Sweden
- Norway
- Denmark
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Vietnam
- Latin America
- Brazil
- Argentina
- Middle East and Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Kuwait
List of Key Players in the Colored Polyurethane Foams Market
- BASF SE
- The Dow Chemical Company
- Huntsman Corporation
- Recticel S.A.
- Saint-Gobain
- Covestro AG
- Wanhua Chemical Group Co., Ltd.
- Rogers Corporation
- Bayer MaterialScience AG
- Carpenter Company
- Everlight Chemical Industrial Corp
