GCC Polyurethane Foam Market Analysis, 2020

Galvanized Production of Bio-Based Polyols Aiding in the Growth of GCC Polyurethane Foam Market

Polyurethane foam is a polymer that is made by the reaction between an isocyanate prepolymer and a polyol in the presence of a blowing agent, and an amine.

GCC Polyurethane Foam Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of GCC Polyurethane Foam market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.

Market Opportunities

According to this research report titled “GCC Polyurethane Foam Market Analysis, 2020”, the GCC Polyurethane Foam market is anticipated to grow at a CAGR of 5% during 2021-26. The major growth factor for the growth of Polyurethane Foam market is the emanating growth of end-use industries for furniture, electronics, building and construction material. Also, the increasing use of building insulations for energy conservation is driving the growth of Polyurethane Foam in GCC market.

COVID-19 Impact on Polyurethane Foam

The lockdown impositions in various countries of GCC such as Saudi Arabia and the UAE has led to the decrease in the supply of raw material and in demand for MDI.

Market Segmentation

Rigid Segment Acquired the Significant Market Share

Based on the type segment, rigid foam is anticipated to lead the market with the highest market share. The growth of the rigid foam is majorly due to the factors such as applications in the form of insulating foams and structural foams used in commercial and residential constructions, coupled with reduced energy costs, which are contributing in the growth. The rigid foams are also used for insulations in various electrical appliances such as water heaters, refrigerators, coolers, vending machines, and freezers, leading to growth of the polyurethane foam market as stated in the research report “GCC Polyurethane Foam Market Analysis, 2020”.

Rise in the Concerns Regarding the Impact of Plastic on Environment

Recently the bio-based polyols are gaining traction in some countries which are used in the manufacturing of polyurethane foams. The growing concerns regarding the use of fossil fuels and impact of plastics on the environment has led to the widespread usage of bio-based polyols. The bio-based polyols are cost-effective and sustainable.

Competitive Landscape

According to the publisher, the key players with a considerable market share in the GCC Polyurethane Foam market include BASF SE, The Dow Chemical Company, Trelleborg AB, UFP Technologies, Inc., Huntsman International LLC., Covestro AG, Fritz Nauer AG (FoamPartner), Armacell International SA, Compagnie de Saint-Gobain S.A, Sheela Group, etc.

Key Questions Answered in the Market Research Report:

1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of GCC Polyurethane Foam Market?
2. What is the country wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations in the GCC Polyurethane Foam Market?
4. Who are the key competitors or market players and how they perform in GCC Polyurethane Foam Market on the basis of competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of GCC Polyurethane Foam Market study?