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Opportunities For The Global Polyurethane Foam Market To Reach $60.5 Billion By 2022

Opportunities For The Global Polyurethane Foam Market To Reach $60.5 Billion By 2022

Submitted by • February 7, 2019 www.lucintel.com

According to a new market report published by Lucintel, the future of global polyurethane (PU) foam market looks good with opportunities in various applications, such as building and construction, bedding and furniture, transportation, electrical and electronics, footwear, and others. The global polyurethane foam market is expected to reach an estimated $60.5 billion by 2022 and it is forecast to grow at a CAGR of 4.0% from 2017 to 2022. The major growth drivers for this market are growth in bedding and furniture industry, high demand of PU foam in building insulation for energy conservation and increasing automotive production.

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