Global Polyurethane Foam Market Analysis by 2025 - Top Key Vendors Dow Chemical Company, Bayer, Sekisui Chemical Co., Ltd., Nitto Denko, Saint-Gobain, Huntsman Corporation, Wanhua Chemical Gr Co, Tosoh, Armacell
The global polyurethane foam market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of polyurethane foam market for global, Europe, North America, Asia Pacific and South America.
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The global polyurethane foam market is expected to reach USD 97.57 billion by 2025, from USD 54.41 billion in 2017 growing at a CAGR of 8.7% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Polyurethane foam is widely used polymer available in two forms rigid and flexible foams. Rigid foams have various insulation applications in refrigeration and construction. The polyurethane foam is energy efficient and helps in reducing energy costs. The polyurethane foam exhibits excellent dielectric and adhesive properties. They also have various physical properties like, resistant to abrasion, temperature, water, and weather. The flexible foams are used as a cushioning substance in various end-use industries, for example in packaging, furniture, bedding and transportation industries. These foams have many environmental benefits owing to high recyclability and clean burning properties. Hence, they offer pollutant filtration, reduced wastage, and greater sustainability. The polyurethane foams are anticipated to witness increase in market demand due to its superior insulation, which is ideal for roofs and walls in new houses. According to the article published by, The Building & Construction Authority, it has been observed that in various developing countries such as India, china, Indonesia, Nigeria the construction sector is growing. In India and china the growth percentage is around 7-8%. In Indonesia and Vietnam the growth percentage is approximately 6-7% and in Nigeria the growth percentage is 8-9%. The major players in the polyurethane foam market are making various developments such as launch of new products, opening new research and development centres, and new plants for the growth of the polyurethane foam market. BASF SE is developing polyurethane composite, which has its applications for building and infrastructure industries.
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Top Key Competitors/Players:
• BASF SE
• The DOW Chemical Company
• Bayer AG
• Ekisui Chemical Co. Ltd.
• Nitto Denko Corporation
• Compagnie DE Saint-Gobain S.A.
• Huntsman Corporation
• Wanhua Chemical Group Co.’ Ltd. (Former: Yantai Wanhua Polyuretanes Co.’ Ltd.)
• Trelleborg AB
• Tosoh Corporation (Nippon Polyurethane Industry Co.’ Ltd.)
• Chemtura Corporation
• Inoac Corporation
• Recticel NV /SA
• Vita (Lux III)
• S.A.R.L (Former: British Vita (Lux III) S.A.R.L.)
• Armacell GmbH, Foamcraft’ Inc.
• Foampartner Group
• Future Foam’ Inc.
• Fxi-Foamex Innovations
• Rogers Corporation
• UFP Technologies’ Inc.
• The Woodbridge Group
• Many more.
The global polyurethane foam market is segmented based on source, type, application, density composition and geographical segments.
Based on Density Composition:
• Low-Density Polyurethane Foam
Reticulated Polyurethane Foam
Polyester Foam and Polyether Foam
• Medium-Density Polyurethane Foam
• High-Density Polyurethane Foam
On the Basis of Type:
• Flexible Foam
Filtration And Others
• Rigid Foam
• Spray Foam
On the Basis of End User:
• Market Size & Projection
• Bedding & Furniture
Mattress & Pillows
• Building & Construction
• Packaging And Others
Based on geography:
• North America
• South America
• Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
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Major Market Drivers and Restraints:
• Environment sustainability and energy conservation
• Versatility and unique physical properties
• Growth of end-user industries in emerging nations
• Rising cost of raw material
Frequently Asked Questions:
• What will the market size be in 2025?
• What are the key factors driving the global market?
• What are the challenges to market growth?
• Who are the key players in the market?
• What are the market opportunities and threats faced by the key players?
• What will be the growth rate in 2025?
• Which strategies are used by top players in the Global Polyurethane Foam Market?
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