Chemicals and Materials Microcellular Polyurethane Foam Market New | Page 2

Automotive is the fastest-growing application segment during the forecast period
The automotive application segment accounts for the largest share in the global
microcellular polyurethane foam market and is the fastest growing application segment in
this market. The durability and light weight properties, combined with their strength, make
microcellular polyurethane foams ideal not only for cushioning purposes, but also within
the bodies of cars, where their insulation properties provide protection against heat and
noise of the engine.
Asia-Pacific dominates the global microcellular polyurethane foam market in 2015
Asia-Pacific is the fastest-growing market, as the region is a major consumer of
microcellular polyurethane foams. There is an increasing demand for polyurethane foams
from both developed and emerging countries of this region, such as Japan, China, India, and
others. Top manufacturers from the U.S. and Europe are now focusing on Asia-Pacific to
meet the region's growing demand. Increasing affluence and consumer spending in
emerging economies, such as India and China, are also expected to drive the demand for
microcellular polyurethane foams.
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Some of the major market players in this market are BASF SE (Germany), The Dow
Chemical Company (U.S.), Huntsman Corporation (U.S.), Evonik Industries (Germany), Era
Polymers (Australia), and others.
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