Published by Coherent Market Insights
Posted on September 15, 2021
Colored PU foams are thermosetting polymers that have excellent properties such as rigidity, durability, flexibility, and fatigue resistance. Moreover, it has high performance, thermal resistance, and versatile design. It is widely used across applications such as packaging, upholstery furniture, floor insulation, bedding, automotive accessories, etc.
The global colored PU Foams market is estimated to account for US$ 17,590.5 Mn in terms of value and 5,882.8 Kilo Tons in terms of volume by the end of 2019.
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/4092
Drivers:
High demand for colored PU foams from the automotive industry is fostering the market growth. Plastic and polymers are rapidly replacing metals in vehicles in order to reduce the overall weight of automobiles and improve efficiency. This attributed to growing environmental concern and rising need for a high-performance vehicle. Thus growing demand for colored PU foams from the automotive industry will favor the market growth.
The growing demand for colored PU foams from the packaging industry is projected to augment market growth. It is used in the packaging materials due to their high thermal resistance, strength, and stability. The growing need for safety of the materials during transportation coupled with the expansion of the packaging industry is projected to foster the market growth of the colored PU foams in the near future.
Market Restraints
Fluctuating price of raw materials used in the manufacturing of the colored PU foams is expected to hamper the market growth. The raw materials used in the manufacturing of PU foams are derived from petrochemical products and petrochemical products are highly susceptible to fluctuating price due to the political scenario. This factor is expected to hinder the market growth.
Strict environmental rules and regulations due to hazards associated with the colored PU foams are expected to restrict the usage of such products. Colored PU foams have various potential hazards such as soil degradation, greenhouse gas emission, and water pollution. Thus strict environmental norms are expected to hamper the market growth.
Market Trends/Key Takeaways
Expansion of the online retail industry due to growing consumerism around the globe is driving demand for packaged products. The online retail industry is witnessing significant growth on the account of growing trend digitalization coupled with the increasing purchasing power of the consumer. Thus, growing consumerism is driving demand for packaged products which in turn is driving the market growth of the colored PU foams.
Manufacturers are entering into a distribution agreement in order to enhance their supply chain. This is one of the current trends in the market. For instance, in September 2019, Huntsman enters into partnership with DKSH’s Business Unit Performance Materials to distribute its Polyol and MDI-based polyurethane solutions to the automotive industry in India.
Hurry Up…and Get a 2000$ Discount On a Price…!!! https://www.coherentmarketinsights.com/insight/request-discount/4092
Global Colored PU Foams Market – Impact of Coronavirus (Covid-19) Pandemic
Consumer electronics industry has taken a toll due to outbreak of COVID-19 pandemic, across the globe. Globally, hypermarkets, supermarkets, and showrooms of leading brands have been shut down, affecting sales of various consumer electronics products.Due to implication of the measures amid lockdown, enterprises across the globe have adopted remote working as a tool to continue with their business processes. Work from home (WFH) for employees has led to increase in demand for computers, laptops, and peripherals. Webinars and online meetings have positively impacted the sales of headphones and Bluetooth earphones. Due to increase in demand for remote connectivity, sales of networking devices and connectivity hardware solutions has increased multifold. The aforesaid are some of the major effects of Covid-19 on the consumer electronics industry that is expected to increase the demand for colored PU foam market by the year 2027.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Colored PU Foam Market: New Ways You Can Get More Profit While Spending Less appeared first on Gatorledger.
Colored PU foams are thermosetting polymers that have excellent properties such as rigidity, durability, flexibility, and fatigue resistance. Moreover, it has high performance, thermal resistance, and versatile design. It is widely used across applications such as packaging, upholstery furniture, floor insulation, bedding, automotive accessories, etc.
The global colored PU Foams market is estimated to account for US$ 17,590.5 Mn in terms of value and 5,882.8 Kilo Tons in terms of volume by the end of 2019.
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/4092
Drivers:
High demand for colored PU foams from the automotive industry is fostering the market growth. Plastic and polymers are rapidly replacing metals in vehicles in order to reduce the overall weight of automobiles and improve efficiency. This attributed to growing environmental concern and rising need for a high-performance vehicle. Thus growing demand for colored PU foams from the automotive industry will favor the market growth.
The growing demand for colored PU foams from the packaging industry is projected to augment market growth. It is used in the packaging materials due to their high thermal resistance, strength, and stability. The growing need for safety of the materials during transportation coupled with the expansion of the packaging industry is projected to foster the market growth of the colored PU foams in the near future.
Market Restraints
Fluctuating price of raw materials used in the manufacturing of the colored PU foams is expected to hamper the market growth. The raw materials used in the manufacturing of PU foams are derived from petrochemical products and petrochemical products are highly susceptible to fluctuating price due to the political scenario. This factor is expected to hinder the market growth.
Strict environmental rules and regulations due to hazards associated with the colored PU foams are expected to restrict the usage of such products. Colored PU foams have various potential hazards such as soil degradation, greenhouse gas emission, and water pollution. Thus strict environmental norms are expected to hamper the market growth.
Market Trends/Key Takeaways
Expansion of the online retail industry due to growing consumerism around the globe is driving demand for packaged products. The online retail industry is witnessing significant growth on the account of growing trend digitalization coupled with the increasing purchasing power of the consumer. Thus, growing consumerism is driving demand for packaged products which in turn is driving the market growth of the colored PU foams.
Manufacturers are entering into a distribution agreement in order to enhance their supply chain. This is one of the current trends in the market. For instance, in September 2019, Huntsman enters into partnership with DKSH’s Business Unit Performance Materials to distribute its Polyol and MDI-based polyurethane solutions to the automotive industry in India.
Hurry Up…and Get a 2000$ Discount On a Price…!!! https://www.coherentmarketinsights.com/insight/request-discount/4092
Global Colored PU Foams Market – Impact of Coronavirus (Covid-19) Pandemic
Consumer electronics industry has taken a toll due to outbreak of COVID-19 pandemic, across the globe. Globally, hypermarkets, supermarkets, and showrooms of leading brands have been shut down, affecting sales of various consumer electronics products.Due to implication of the measures amid lockdown, enterprises across the globe have adopted remote working as a tool to continue with their business processes. Work from home (WFH) for employees has led to increase in demand for computers, laptops, and peripherals. Webinars and online meetings have positively impacted the sales of headphones and Bluetooth earphones. Due to increase in demand for remote connectivity, sales of networking devices and connectivity hardware solutions has increased multifold. The aforesaid are some of the major effects of Covid-19 on the consumer electronics industry that is expected to increase the demand for colored PU foam market by the year 2027.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Colored PU Foam Market: New Ways You Can Get More Profit While Spending Less appeared first on Gatorledger.
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