Polyurethane Foam Market Size, Share, Growth Analysis, 2032

Polyurethane Foam Market

Polyurethane Foam Market by Product (Spray Foam, Rigid Foam, and Flexible Foam), by End-User (Automotive, Bedding & Furniture, Packaging, Electronics, Transportation, Bedding & Furniture, Footwear, Textile & Apparel, and Other End-User Industries): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 - 2032

Category: Chemical & Materials Report Format : PDF Pages: 220 Report Code: ZMR-1631 Published Date: Mar-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 49.64 Billion USD 88.23 Billion 6.60% 2023

Polyurethane Foam Market: Industry Perspective

The global polyurethane foam market size was worth around USD 49.64 billion in 2023 and is predicted to grow to around USD 88.23 billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.60% between 2024 and 2032.

Global Polyurethane Foam Market SizeRequest Free Sample

The report on the polyurethane foam market provides a comprehensive glance at the global and regional levels. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue and volume.

Polyurethane Foam Market: Overview

Polyurethane foam is also known as a synthetic polymer which is utilized in various applications as it offers protection as well as insulation of material against external sources that circulate corrosion. It finds a broad range of application including automotive, packaging, construction, and others.

 
The global polyurethane foam market is slated to grow at a substantial rate in the near future. The growing demand for lightweight vehicles from emerging economies is likely to fuel market growth. The increased use of polyurethane foam was widely observed in automotive, bedding & furniture, packaging, electronics, transportation, building & construction, footwear, and textile & apparel industries in most of the regions. The increased demand for polyurethane foam in the automotive industry is anticipated to be the prime driver for the global polyurethane foam market within the forecast period. Automotive makers and OEMs are looking for innovative materials to achieve better fuel efficiency. This kind of material is used in dashboards, airbags, armrests, and other vehicle components like exteriors. Government support in the subsidy schemes and tax incentives to motivate the manufacturing sector and promote the bio-based polyurethane foam are anticipated to play a major role in driving the global polyurethane foam market. Increasing anxiety about the harmful health effects of isocyanates used in polyurethane foam may hinder the market expansion in the coming years. Nonetheless, product innovation and emerging markets in the Asia Pacific are likely to open new avenues for the major players of the market during the years to come.

The study includes major driving forces and restraints for the polyurethane foam market along with the impact they have on the demand over the forecast period. Furthermore, the study also provides the major avenues of the global polyurethane foam market.

The global polyurethane foam market study also comprises a detailed value chain analysis to provide a comprehensive view of the market. Moreover, the study also includes Porter’s Five Forces model for polyurethane foam, to understand the competitive landscape of the global market. The study includes a market attractiveness analysis of all the segments related to the market.

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Polyurethane Foam Market: Segmentation

The study provides a significant view of the global polyurethane foam market by classifying it into product, end-user industry, and regional segmentation. These segments have been estimated and forecasted with the future and past trends.

Based on the product, the global polyurethane foam market is divided into spray, rigid, and flexible foam. Flexible foam is the most dominant type and it accounted for a major market share in 2023.

Based on various end-user industries, the global polyurethane foam market is mainly segmented into automotive, bedding & furniture, packaging, electronics, transportation, building & construction, footwear, textile & apparel, and others.  Building & construction was the leading end-user industry segment of the global polyurethane foam market in 2023. 

Polyurethane Foam Market: Report Scope

Report Attributes Report Details
Report Name Polyurethane Foam Market
Market Size in 2023 USD 49.64 Billion
Market Forecast in 2032 USD 88.23 Billion
Growth Rate CAGR of 6.60%
Number of Pages 220
Key Companies Covered Bayer AG, Saint-Gobain S.A., Huntsman Corporation, Chemtura Corporation, BASF, Trelleborg AG, Dow Chemical, UFP Technologies, Foamcraft, Inc., Sekisui Chemicals, Elliot Co., Evonik, Future Foam, Woodbridge Group, and Rogers Corp., and others.
Segments Covered By Product, By End-User, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Polyurethane Foam Market: Regional Analysis

The regional segmentation includes the Middle East & Africa, Asia Pacific, Europe, Latin America, and North America. Furthermore, it is divided into major countries such as the U.S., the UK, Germany, France, China, Japan, India, and Brazil.

In terms of geographies, the polyurethane foam market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2023, Asia Pacific was the biggest market for polyurethane foam. This growth is mainly attributed to the rising demand for polyurethane foam from various countries such as China, India, Thailand, Malaysia, and Indonesia. The Asia Pacific is anticipated to be the fastest-growing market of polyurethane foam in the near future, owing to the increasing demand from the automotive, electronics, and building & construction sectors. The Asia Pacific was followed by North America and Europe in 2023. The market growth rate in North America and Europe is expected to stay higher during the forecast period. 

Polyurethane Foam Market: Competitive Analysis

The global polyurethane foam market is dominated by players like:

  • Bayer AG
  • Saint-Gobain S.A.
  • Huntsman Corporation
  • Chemtura Corporation
  • BASF
  • Trelleborg AG
  • Dow Chemical
  • UFP Technologies
  • Foamcraft, Inc.
  • Sekisui Chemicals
  • Elliot Co.
  • Evonik
  • Future Foam
  • Woodbridge Group
  • Rogers Corp.

    
This report segments the global polyurethane foam market as follows:

Global Polyurethane Foam Market: Product Analysis

  • Spray Foam
  • Rigid Foam
  • Flexible Foam

Global Polyurethane Foam Market: End-User Analysis

  • Automotive
  • Bedding & Furniture
  • Packaging
  • Electronics
  • Transportation
  • Bedding & Furniture
  • Footwear
  • Textile & Apparel 
  • Others

Global Polyurethane Foam Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Polyurethane foam is generally known as carbon-carbon composites that are extensively utilized in different end-user industries. Polyurethane foam was utilized in various end-user industries thus generating a huge demand. The rising demand for polyurethane foam by different end-user industries is anticipated to propel the market growth.
 

According to a study, the global polyurethane foam market size was worth around USD 49.64 billion in 2023 and is expected to reach USD 88.23 billion by 2032.
 

The global polyurethane foam market is expected to grow at a CAGR of 6.60% during the forecast period.
 

Asia Pacific is expected to dominate the polyurethane foam market over the forecast period.
 

Leading players in the global polyurethane foam market include Bayer AG, Saint-Gobain S.A., Huntsman Corporation, Chemtura Corporation, BASF, Trelleborg AG, Dow Chemical, UFP Technologies, Foamcraft, Inc., Sekisui Chemicals, Elliot Co., Evonik, Future Foam, Woodbridge Group, and Rogers Corp., among others.
 

The polyurethane foam market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.

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