February 19, 2019
WELLESLEY, Mass., February 19, 2019 – The flame-resistant (FR) polyurethane industry is thriving. The global market for polyurethanes is expected to reach a record-breaking value within the next four years, and driving this growth are two main trends. First, consumers and industries are willing to pay higher prices for products that make their homes and companies safer, and second, economic growth throughout the world is enabling more countries to use FR polyurethane technology.
In 2018, the global market for FR polyurethanes was worth $19.1 billion. A new report by BCC Research, “Global Markets for Flame-Resistant Polyurethanes,” estimates that by 2023, the market will reach $27.0 billion, indicating a compound annual growth rate (CAGR) of 7.2%.
The top manufacturers of FR materials profiled in this report include: Axalta Coating Systems (AXTA), Blauer Manufacturing Co., Clark Foam Products Corp., Elasco Urethane Inc., Flameret Inc. (FLRE), and Perimeter Solutions.
“Flame-resistant polyurethanes are a subsection of the larger polyurethane industry,” said report author, Craig Barnes. “These materials are polyurethanes that come in several states (flexible foams, rigid foams and liquids) that are either manufactured to be flame-resistant or that have flame-resistant additives added during the manufacturing process.”
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Global Markets for Flame-Resistant Polyurethanes( AVM177A )
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