According to recent manufacturing reports, the market for polyurethane foam is expanding at a compounded annual growth rate of 7 percent. Many experts attribute the robust growth rate to an increasing demand for the material in the bedding and furniture construction industries, but numerous companies use polyurethane for countless products. In fact, polyurethane is found in or on virtually every manufactured product, including vehicles and refrigerators.
Published by Infiniti Research Limited, the study included companies throughout North America, Western Europe, Central and South America, and other industrialized areas across the globe. The companies largely responsible for the growth of the market were Dow Chemical, BASF, and Bayer AG. The industry has also witnessed the introduction of green polyurethane foam, which will increase the sustainability of the market.