Re-mark
Market Sizing Report on Polyurethane Foam As per TMR predictions, the opportunity in global polyurethane foam market is expected to grow to US$74 bn by 2022, rising from US$51.4 bn in 2015. The market is prognosticated to reflect a robust CAGR of 7.6% in the forecast period. Based on product type, the market dominated by flexible polyurethane foam in 2017 with a larger market share of 50.2%. This segment is expected to be worth US$36 bn by 2022, from US$25.5 bn in 2017. Based on region, the polyurethane foam market is more likely to excel in regions like Europe, Asia Pacific except Japan. Asia Pacific is the dominant market regionally which contributed to 40% of the overall revenue of polyurethane market in 2017. This region is estimated to become a prominent contributor to this market regionally by the end of forecast period. The polyurethane foam market in Europe is projected to showcase a solid CAGR of 7.2% from 2017-2022 and is expected to rise at a revenue of US$17.8 bn by 2022.
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