Press release
Growth Forecast for Polyurethane Foam Market: Influencing Drivers, Key Players, and Trends
Polyurethane Foam Market Share
What Is The Projected Market Size Of The Global Polyurethane Foam Market And Its Growth Rate?
• Market value ascended from $54.27 billion in 2024 to an expected $58.04 billion in 2025, manifesting a 6.9% CAGR.
• Market growth driven by the construction industry, automotive interior usage, furniture production, refrigeration, footwear industry demand, and appliances.
• Anticipated market value of $81.2 billion in 2029, marking a striking CAGR of 8.8%.
• Forecasted growth expected to stem from factors such as renewable and bio-based polyurethane foams, increased demand for lightweight materials, focus on thermal insulation, expansion in healthcare applications, and the rising need for e-commerce packaging.
What Is Driving The Growth In The Polyurethane Foam Market?
The key factor driving the growth of the polyurethane foam market forward is the rising demand for automotive vehicles. Polyurethane foam provides excellent cushioning, comfort, and durability, making it a popular choice for car seats and upholstery, improving the sitting environment for the driver and passengers. As exemplified in January 2024, U.S. light vehicle sales surged by 13.0% according to MarkLines Co., Ltd, a Japan-based company, reflecting strong demand, particularly for trucks and SUVs. Annual automotive sales also rose by 12.3%, indicating a robust recovery across numerous vehicle segments. Therefore, this increasing demand for automotive vehicles contributes significantly to the growth of the polyurethane foam market.
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Who Are the Key Players Driving Polyurethane Foam Market Growth?
• 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.
What Are The Key Trends In The Polyurethane Foam Market?
• Innovation in composite materials
• Circular economy practices
• Smart insulation solutions
• Sustainable packaging innovations
• Advanced comfort technologies in bedding
What Are The Segments Of The Global Polyurethane Foam Market?
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
Which Region Leads The Polyurethane Foam Market?
Asia-Pacific accounted for the largest share in the polyurethane foam market in 2024. This region is forecasted to continue its dominance due to rapid market growth. The regions analysed in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Polyurethane Foam Market Global Market Report?
• Market Size Analysis: Analyze the Polyurethane Foam Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Polyurethane Foam Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Polyurethane Foam Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Polyurethane Foam Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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