PUBLISHER: Grand View Research | PRODUCT CODE: 1574927
PUBLISHER: Grand View Research | PRODUCT CODE: 1574927
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.