Microcellular Polyurethane Foam Market to Earn USD 10,677


BEIJING, Aug. 11, 2022 (GLOBE NEWSWIRE) — The Global Microcellular Polyurethane Foam Market The size accounted for USD 6,682 million in 2021 and is expected to reach the market value of USD 10,677 million by 2030 with a considerable CAGR of 5.5% during the forecast period of 2022 to 2030.

Microcellular polyurethane foam is a versatile open-cell and closed-cell polyurethane foam that is both affordable and resistant to compression settings. The foam provides excellent sealing, cushioning and vibration control due to its low compression properties. The open cell approach allows gases and vapors to pass through the substance. It can also be made to form an integrated skin with a more uniform cell size because it is mechanically joined. Microcellular polyurethane foam is used in gaskets and seals, durable elastomeric wheels and tires, automotive bushings, hard plastic parts, electrical potting compounds, and carpet padding. Additionally, due to its use in comfort and support, as well as automotive bodywork, where its insulating properties provide protection against engine heat and noise, the automotive industry accounts for the majority of the global market for the microcellular polyurethane foam.

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Report cover:

Market Microcellular Polyurethane Foam Market
Microcellular Polyurethane Foam Market Size 2021 $6,682 million
Microcellular Polyurethane Foam Market Forecast 2030 $10,677 million
Microcellular Polyurethane Foam Market CAGR from 2022 to 2030 5.5%
Microcellular Polyurethane Foam Market Analysis Period 2018 – 2030
Microcellular Polyurethane Foam Market Base Year 2021
Microcellular Polyurethane Foam Market Forecast Data 2022 – 2030
Segments Covered By type, by application and by region
Regional Scope of Microcellular Polyurethane Foam Market North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Profiled key companies Evonik Group, Saint Gobain SA, Rubberlite Inc., Dow Inc., Rogers Corporation, INOAC Corporation, Mearthane Products Corporation, Kuraray, Huntsman Corporation and BASF SE.
Report cover Market trends, drivers, restraints, competitive analysis, player profiling, regulatory analysis

Aspects of Microcellular Polyurethane Foam Market Growth

Microcellular polyurethane foam is used to reduce structural weight in a range of industries. Due to its lightweight materials, automotive, aviation, electronics, medical, and infrastructure industries are driving the growth of microcellular polyurethane foam market. Due to its use in mattresses and automotive bodywork, where its insulating properties provide protection against temperature and engine noise, the automotive applications category accounts for a considerable share of the global microcellular polyurethane foam business. Additionally, the low compression properties of the foam provide good shock absorption, a robust seal and excellent vibration dampening. It can also be made to form an integrated skin with a more uniform cell size because it is mechanically joined. The use of microcellular foam in a variety of industries, including automobiles, aircraft, medical services, and home building insulation, has increased demand for the material.

Additionally, rising consumer spending in emerging markets is fueling the growth of the microcellular polyurethane foams market. The automotive industry controlled the market for microcellular polyurethane foams. Since microcellular polyurethane foam is commonly used in the automotive industry to increase the convenience, reliability, durability, and aesthetic impact of vehicles, the growing number of manufacturers is expected to fuel the expansion of the market. The high-density foams segment of the global microcellular polyurethane foam business is expected to grow significantly throughout the forecast period. The advanced properties of high density foams, such as strength and excellent functionality, are the main reasons for their increased demand, especially in the automotive market.

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Impact of COVID-19 on the Microcellular Polyurethane Foam market

The COVID-19 outbreak has had a global economic impact. COVID appears to have had a direct impact on production and demand, as well as disruption of distribution networks and economic damage. In addition, COVID-19 has had a direct impact on the producers’ global distribution network and production sites have been closed to reduce the risk of viral transmission. Additionally, the lockdown limits have increased the demand for raw materials in sectors such as automotive, aerospace and architecture worldwide. As a result, major technology companies and large capital makers have started investing in expanding production capacity to meet current global economic demand. As a result, demand for microcellular polyurethane foam in industries such as automotive, medical, electronics and aerospace has plummeted. COVID has reduced these companies’ demand for raw materials, hurting the entire industry. COVID 19 has therefore had a considerable impact on this industry.

Regional Overview of Microcellular Polyurethane Foam Market

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa constitute the regional classification of the global microcellular polyurethane foam market. North America is expected to be the fastest growing region in the microcellular polyurethane foam market owing to the presence of prominent organizations in the region. In terms of value, the United States will account for the majority of the North American microcellular polyurethane foam market in 2021. The United States is experiencing rapid expansion as it is home to a number of major manufacturers of microcellular polyurethane foams, including BASF SE, The Dow Chemical Company, Evonik Industries, Roger Corporation, Huntsman Corporation and others. The products of these companies are used by domestic and commercial destinations. In addition, Canada is the second largest market in North America for microcellular polyurethane foams. This trend is expected to continue for the foreseeable future. Microcellular polyurethane foams help reduce structural weight in a variety of industrial products.

Segmentation of the microcellular polyurethane foam market

The global microcellular polyurethane foam market has been segmented by Acumen Research and Consulting on the basis of type and application. Based on type, the market is divided into high density foam and low density foam. Based on application, the market is divided into automotive, electronics, building & construction, aerospace, medical, and others.

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Microcellular Polyurethane Foam Market Players

Some key players covered globally in Microcellular Polyurethane Foam Industry are Evonik Group, Saint Gobain SA, Rubberlite Inc., Dow Inc., Rogers Corporation, INOAC Corporation, Mearthane Products Corporation, Kuraray, Huntsman Corporation and BASF SE.

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