The Business Research Company’s report on the Polyurethane Foam Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the polyurethane foam market further?
The rising demand for automotive vehicles is expected to propel the growth of the polyurethane foam market going forward. An automotive vehicle refers to any kind of self-propelled vehicle used for transportation on public highways or in other settings. Since polyurethane foam provides outstanding cushioning, comfort, and durability, it is frequently used in car seats and upholstery. For both drivers and passengers, it offers a comfortable and supportive sitting environment. For instance, in January 2024, according to MarkLines Co., Ltd., a Japan-based specialized in offering information about automobile industry on the Internet, U.S. light vehicle sales surged by 13.0% in December 2023, with a total of 1,454,597 units sold, reflecting strong demand, particularly for trucks and SUVs, which increased by 15.7% compared to December 2022. For the entire year, automotive sales rose by 12.3%, totaling 15,608,386 units, underscoring a robust recovery in consumer interest across various vehicle segments. Therefore, the rising demand for automotive vehicles is driving the growth of the polyurethane foam market.
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What are the key factors influencing the forecasted market size of the polyurethane foam industry?
The polyurethane foam market size has grown strongly in recent years. It will grow from $54.27 billion in 2024 to $58.04 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to construction industry growth, automotive interior applications, furniture manufacturing, refrigeration and appliances, and footwear industry demand
The polyurethane foam market size is expected to see strong growth in the next few years. It will grow to $81.2 billion in 2029 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to renewable and bio-based polyurethane foams, increasing demand for lightweight materials, rising emphasis on thermal insulation, growth in healthcare applications, and e-commerce packaging needs. Major trends in the forecast period include innovation in composite materials, circular economy practices, smart insulation solutions, sustainable packaging innovations, and advanced comfort technologies in bedding.
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Who are the leading competitors in the polyurethane foam market?
Major companies operating in the polyurethane foam market include BASF SE, Dow Inc., Saint-Gobain S.A., Wanhua Chemical Group Co Ltd, Covestro AG, DuPont de Nemours Inc., Sekisui Chemical Co. Ltd., Huntsman Corporation, Lanxess AG, Nitto Denko Corporation, Carpenter Co., FXI Holdings Inc., Woodbridge Foam Corporation, JSP Corporation, Rogers Corporation, Armacell International S.A., Future Foam Inc., Reciticel N.V., UFP Technologies Inc., FoamPartner Group, Greiner Perfoam GmbH, Zotefoams PLC, Foamcraft Inc., Eurofoam GmbH, Synthesia Internacional SL, American Excelsior Company, General Plastics Manufacturing Co., Innocor Inc.
Which emerging trends are set to transform the polyurethane foam market landscape?
Major companies operating in the polyurethane market are focusing on technological advancements, such as lightweight and durable polyurethane foam technologies designed for the potting and fixation of cells in electric vehicle (EV) batteries. Lightweight and durable polyurethane foam technologies are advanced materials engineered to provide optimal support and protection for the cells within electric vehicle (EV) batteries. For instance, in April 2024, Huntsman Corporation, a US-based manufacturer and marketer of chemical products for consumers and industrial customers, introduced a new series of lightweight and durable SHOKLESS polyurethane foam technologies designed for the potting and fixation of cells in electric vehicle (EV) batteries, offering enhanced thermal and structural protection. These innovations aim to address industry challenges by providing flexible manufacturing options and robust performance, aligning with the growing demand for advanced solutions in the automotive sector.
How do different geographies compare in terms of market share and growth potential in the polyurethane foam market?
Asia-Pacific was the largest region in the polyurethane foam market in 2024. It is expected to be the fastest-growing region in the forecast period. The regions covered in the polyurethane foam market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Which major segments of the polyurethane foam market are experiencing the fastest growth?
The polyurethane foam market covered in this report is segmented –
1) By Type: Rigid Foam, Flexible Foam, Spray Foam
2) By Process: Slabstock Foam, Molded Foam, Lamination, Spraying
3) By Density Composition: Low-Density Composition, Medium-Density Composition, High-Density Composition
4) By Application: Bedding And Furniture, Transportation, Packaging, Automotive, Construction, Electronics, Footwear, Other Applications
Subsegments:
1) By Rigid Foam: Polyisocyanurate Foam, Polyurethane Foam, Structural Insulated Panels (SIPs)
2) By Flexible Foam: Polyether Flexible Foam, Polyester Flexible Foam, High Resilience (HR) Foam
3) By Spray Foam: Open-Cell Spray Foam, Closed-Cell Spray Foam, High-Density Spray Foam
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How is the polyurethane foam market defined, and what are its core characteristics?
Polyurethane foam is a synthetic or man-made polymer that has urethane radicals in it and is used to insulate buildings and shield materials from the elements, which can cause corrosion. Polyurethane foam is employed as padding for a wide range of consumer and business goods, including beds, furniture, automobile interiors, carpet underlay, and packaging.
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