The polyurethane foam market is expected to grow USD 56.68 billion in 2021 to USD 102.07 billion by 2029, at a CAGR of 7.63% during the forecast period 2022-2029.
Polyurethane foam is a blanket term containing any foam synthesized utilizing diisocyanate & polyol. Polyurethane includes an open cellular structure called polyurethane foam that is available as spray, rigid, and flexible foams. Polyurethane foam is designed to composite a gas phase and a solid phase. The manufacturers extract both these products from crude oil. Polyurethane foams offer different environmental advantages like reduced wastage and high recyclability.
The factors driving the market are the increasing awareness about energy conservation, adoption of HVAC systems, rising demand for smart homes, comprehensive utilization of polyurethane foam in the automotive enterprise, increasing home furnishing industry, rising application enterprises in emerging countries, and high demand of PU foam in creating insulation for energy conservation. The factor restraining the market growth is the utilization of toxic isocyanates & the flammability of polyurethane. The opportunity for market growth is the increase in the production of bio-based polyols. The challenge for market growth is the health hazards of using MDI & TDI and regulations on the use of blowing agents as raw materials in the production of PU foams.
This study delivers a comprehensive analysis of end-use industry, type, density composition, and region. The end-use industry segment includes packaging, bedding & furniture, footwear, building & construction, automotive, electronics, and others. The building & construction segment held the largest market share in 2021 due to the increasing demand for polyurethane foam. Additionally, the flexible foams utilized for flooring, structural insulation, wall cavities, and roofing also help contribute to the segment’s growth. Further, the overall adoption of semi-rigid & flexible polyurethane foams that are utilized with coatings, paints & adhesives in commercial & residential complexes also contributes to the segment’s growth. The type segment includes spray foam, rigid foam, flexible foam, and others. The flexible foam segment held the largest market share in 2021 due to its lightweight & excellent durability. Moreover, the applications in various enterprises like bedding & furniture, textiles, packaging, automotive interiors, and others, owing to their resilient & energy absorption properties, are also helping to boost the segment’s growth. The density composition segment includes high-density polyurethane foam, medium-density polyurethane foam, and low-density polyurethane foam. The high-density polyurethane foam segment held the largest market share in 2021 due to its high durability performance. Additionally, the growing demand for these foams, particularly in the automotive enterprise, contributes to the segment’s growth.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific holds the largest market share due to the increasing footprint of the international vendors dealing in polyurethane foams. Additionally, growing demand from different industries contributes to the region's growth. Furthermore, South Korea, China, India, and Japan are key nations contributing to the high demand for polyurethane foam in this region. Again, rapid urbanization & industrialization are also helping boost the region's growth. Also, the rising construction activities and the growing demand for electronic appliances help to expand the region's growth. The North America is projected to observe significant growth due to the increasing utilization of polyurethane foams in automobiles, furniture, and bedding sectors.
Some of the notable players in the market are BASF SE, Covestro AG, Dow Inc., Wanhua Chemical Group Co., Ltd, Chemtura Corporation, Huntsman Corporation, Saint-Gobain, DuPont, Bayer AG, Sekisui Chemical Co., Ltd., Rogers Corporation, and Recticel NV/SA, and among others.
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By End-Use Industry
4.3.2. Market Attractiveness Analysis By Type
4.3.3. Market Attractiveness Analysis By Density Composition
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing awareness about energy conservation
5.2.2. Adoption of HVAC systems
5.2.3. Rising demand for smart homes
5.2.4. Increasing home furnishing industry
5.2.5. Rising end-use industries in emerging economies
5.3. Restraints
5.3.1. The utilization of toxic isocyanates & the flammability of polyurethane
5.4. Opportunities
5.4.1. Increase in the production of bio-based polyols
5.5. Challenges
5.5.1. The high expense of raw materials
6. Global Polyurethane Foam Market Analysis and Forecast, By End-Use Industry
6.1. Segment Overview
6.2. Packaging
6.3. Bedding & Furniture
6.4. Footwear
6.5. Building & Construction
6.6. Automotive
6.7. Electronics
6.8. Others
7. Global Polyurethane Foam Market Analysis and Forecast, By Type
7.1. Segment Overview
7.2. Spray Foam
7.3. Rigid Foam
7.4. Flexible Foam
8. Global Polyurethane Foam Market Analysis and Forecast, By Density Composition
8.1. Segment Overview
8.2. High-Density Polyurethane Foam
8.3. Medium-Density Polyurethane Foam
8.4. Low-Density Polyurethane Foam
9. Global Polyurethane Foam Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Polyurethane Foam Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Polyurethane Foam Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. BASF SE
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Covestro AG
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Dow Inc.
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Wanhua Chemical Group Co., Ltd
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Chemtura Corporation
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Huntsman Corporation
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Saint-Gobain
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. DuPont
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Bayer AG
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Sekisui Chemical Co., Ltd.
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Rogers Corporation
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Recticel NV/SA
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
List of Table
1. Global Polyurethane Foam Market, By End-Use Industry, 2022-2029 (USD Billion)
2. Global Packaging, Polyurethane Foam Market, By Region, 2022-2029 (USD Billion)
3. Global Bedding & Furniture, Polyurethane Foam Market, By Region, 2022-2029 (USD Billion)
4. Global Footwear, Polyurethane Foam Market, By Region, 2022-2029 (USD Billion)
5. Global Building & Construction, Polyurethane Foam Market, By Region, 2022-2029 (USD Billion)
6. Global Automotive, Polyurethane Foam Market, By Region, 2022-2029 (USD Billion)
7. Global Electronics, Polyurethane Foam Market, By Region, 2022-2029 (USD Billion)
8. Global Others, Polyurethane Foam Market, By Region, 2022-2029 (USD Billion)
9. Global Polyurethane Foam Market, By Type, 2022-2029 (USD Billion)
10. Global Spray Foam, Polyurethane Foam Market, By Region, 2022-2029 (USD Billion)
11. Global Rigid Foam, Polyurethane Foam Market, By Region, 2022-2029 (USD Billion)
12. Global Flexible Foam, Polyurethane Foam Market, By Region, 2022-2029 (USD Billion)
13. Global Polyurethane Foam Market, By Density Composition, 2022-2029 (USD Billion)
14. Global High-Density Polyurethane Foam, Polyurethane Foam Market, By Region, 2022-2029 (USD Billion)
15. Global Medium-Density Polyurethane Foam, Polyurethane Foam Market, By Region, 2022-2029 (USD Billion)
16. Global Low-Density Polyurethane Foam, Polyurethane Foam Market, By Region, 2022-2029 (USD Billion)
17. North America Polyurethane Foam Market, By End-Use Industry, 2022-2029 (USD Billion)
18. North America Polyurethane Foam Market, By Type, 2022-2029 (USD Billion)
19. North America Polyurethane Foam Market, By Density Composition, 2022-2029 (USD Billion)
20. U.S. Polyurethane Foam Market, By End-Use Industry, 2022-2029 (USD Billion)
21. U.S. Polyurethane Foam Market, By Type, 2022-2029 (USD Billion)
22. U.S. Polyurethane Foam Market, By Density Composition, 2022-2029 (USD Billion)
23. Canada Polyurethane Foam Market, By End-Use Industry, 2022-2029 (USD Billion)
24. Canada Polyurethane Foam Market, By Type, 2022-2029 (USD Billion)
25. Canada Polyurethane Foam Market, By Density Composition, 2022-2029 (USD Billion)
26. Mexico Polyurethane Foam Market, By End-Use Industry, 2022-2029 (USD Billion)
27. Mexico Polyurethane Foam Market, By Type, 2022-2029 (USD Billion)
28. Mexico Polyurethane Foam Market, By Density Composition, 2022-2029 (USD Billion)
29. Europe Polyurethane Foam Market, By End-Use Industry, 2022-2029 (USD Billion)
30. Europe Polyurethane Foam Market, By Type, 2022-2029 (USD Billion)
31. Europe Polyurethane Foam Market, By Density Composition, 2022-2029 (USD Billion)
32. Germany Polyurethane Foam Market, By End-Use Industry, 2022-2029 (USD Billion)
33. Germany Polyurethane Foam Market, By Type, 2022-2029 (USD Billion)
34. Germany Polyurethane Foam Market, By Density Composition, 2022-2029 (USD Billion)
35. France Polyurethane Foam Market, By End-Use Industry, 2022-2029 (USD Billion)
36. France Polyurethane Foam Market, By Type, 2022-2029 (USD Billion)
37. France Polyurethane Foam Market, By Density Composition, 2022-2029 (USD Billion)
38. U.K. Polyurethane Foam Market, By End-Use Industry, 2022-2029 (USD Billion)
39. U.K. Polyurethane Foam Market, By Type, 2022-2029 (USD Billion)
40. U.K. Polyurethane Foam Market, By Density Composition, 2022-2029 (USD Billion)
41. Italy Polyurethane Foam Market, By End-Use Industry, 2022-2029 (USD Billion)
42. Italy Polyurethane Foam Market, By Type, 2022-2029 (USD Billion)
43. Italy Polyurethane Foam Market, By Density Composition, 2022-2029 (USD Billion)
44. Spain Polyurethane Foam Market, By End-Use Industry, 2022-2029 (USD Billion)
45. Spain Polyurethane Foam Market, By Type, 2022-2029 (USD Billion)
46. Spain Polyurethane Foam Market, By Density Composition, 2022-2029 (USD Billion)
47. Asia Pacific Polyurethane Foam Market, By End-Use Industry, 2022-2029 (USD Billion)
48. Asia Pacific Polyurethane Foam Market, By Type, 2022-2029 (USD Billion)
49. Asia Pacific Polyurethane Foam Market, By Density Composition, 2022-2029 (USD Billion)
50. Japan Polyurethane Foam Market, By End-Use Industry, 2022-2029 (USD Billion)
51. Japan Polyurethane Foam Market, By Type, 2022-2029 (USD Billion)
52. Japan Polyurethane Foam Market, By Density Composition, 2022-2029 (USD Billion)
53. China Polyurethane Foam Market, By End-Use Industry, 2022-2029 (USD Billion)
54. China Polyurethane Foam Market, By Type, 2022-2029 (USD Billion)
55. China Polyurethane Foam Market, By Density Composition, 2022-2029 (USD Billion)
56. India Polyurethane Foam Market, By End-Use Industry, 2022-2029 (USD Billion)
57. India Polyurethane Foam Market, By Type, 2022-2029 (USD Billion)
58. India Polyurethane Foam Market, By Density Composition, 2022-2029 (USD Billion)
59. South America Polyurethane Foam Market, By End-Use Industry, 2022-2029 (USD Billion)
60. South America Polyurethane Foam Market, By Type, 2022-2029 (USD Billion)
61. South America Polyurethane Foam Market, By Density Composition, 2022-2029 (USD Billion)
62. Brazil Polyurethane Foam Market, By End-Use Industry, 2022-2029 (USD Billion)
63. Brazil Polyurethane Foam Market, By Type, 2022-2029 (USD Billion)
64. Brazil Polyurethane Foam Market, By Density Composition, 2022-2029 (USD Billion)
65. Middle East and Africa Polyurethane Foam Market, By End-Use Industry, 2022-2029 (USD Billion)
66. Middle East and Africa Polyurethane Foam Market, By Type, 2022-2029 (USD Billion)
67. Middle East and Africa Polyurethane Foam Market, By Density Composition, 2022-2029 (USD Billion)
68. UAE Polyurethane Foam Market, By End-Use Industry, 2022-2029 (USD Billion)
69. UAE Polyurethane Foam Market, By Type, 2022-2029 (USD Billion)
70. UAE Polyurethane Foam Market, By Density Composition, 2022-2029 (USD Billion)
71. South Africa Polyurethane Foam Market, By End-Use Industry, 2022-2029 (USD Billion)
72. South Africa Polyurethane Foam Market, By Type, 2022-2029 (USD Billion)
73. South Africa Polyurethane Foam Market, By Density Composition, 2022-2029 (USD Billion)
List of Figures
1. Global Polyurethane Foam Market Segmentation
2. Global Polyurethane Foam Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top- Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Polyurethane Foam Market Attractiveness Analysis By End-Use Industry
9. Global Polyurethane Foam Market Attractiveness Analysis By Type
10. Global Polyurethane Foam Market Attractiveness Analysis By Density Composition
11. Global Polyurethane Foam Market Attractiveness Analysis By Region
12. Global Polyurethane Foam Market: Dynamics
13. Global Polyurethane Foam Market Share By End-Use Industry(2022 & 2029)
14. Global Polyurethane Foam Market Share By Type (2022 & 2029)
15. Global Polyurethane Foam Market Share By Density Composition (2022 & 2029)
16. Global Polyurethane Foam Market Share By Regions (2022 & 2029)
17. Global Polyurethane Foam Market Share By Company (2021)
Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.
Market research is valuable because of the following reasons:
Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.
Our market research process involves with the four specific stages.
Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:
Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:
Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.
This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.
Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.
Free Customization
Countries can be added on demand
Free yearly update on purchase of Multi/Corporate User License
Companies served till date
We serve our customers 24x7 for 365 days through calls, emails and live chat options.
Huge database of exceptional market reports bringing market intelligence to your fingertips.
SSL enabled, we offer you various secured payment options for risk free purchase.