Press release
Primary Catalyst Driving Polyurethane Foam Market Evolution in 2025: Growing Automotive Vehicle Demand Boosts Polyurethane Market Growth Driver
What market dynamics are playing a key role in accelerating the growth of the polyurethane foam market?The growth of the polyurethane foam market is anticipated to be driven by the increasing desire for automotive vehicles. An automotive vehicle encompasses any self-propelled mode of transportation used on public roadways or other venues. Polyurethane foam is known for its exceptional cushioning, comfort, and resilience, making it a popular choice for car seats and interiors. It provides a cozy and supportive seating situation for both drivers and passengers. For example, MarkLines Co., Ltd., a Japan-based company delivering online automotive industry information, reported in January 2024 that sales of U.S. light vehicles jumped 13.0% in December 2023, amounting to a total of 1,454,597 units. This rise reflects high demand, particularly for trucks and SUVs, registering an increase of 15.7% over December 2022. Automotive sales increased by 12.3% for the whole year, reaching 15,608,386 units, indicating a strong resurgence in consumer interest across different vehicle categories. Thus, the growing demand for automotive vehicles is fostering the expansion of the polyurethane foam market.
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How will the growth rate of the polyurethane foam market shape industry trends by 2034?
The size of the polyurethane foam market has seen substantial growth lately. The value is predicted to increase from $54.27 billion in 2024 to $58.04 billion in 2025, showcasing a compound annual growth rate (CAGR) of 6.9%. This impressive expansion during the historic period is linked to the rise in the construction sector, the use in automotive interiors, the production of furniture, refrigeration and appliances, and the high demand from the footwear industry.
The market size for polyurethane foam is predicted to experience robust expansion in the coming years, escalating to a value of $81.2 billion by 2029 with a compound annual growth rate (CAGR) of 8.8%. This surge during the projection period can be credited to factors such as the rise in renewable and bio-based polyurethane foams, an uptick in demand for lightweight materials, increasing focus on thermal insulation, expansion in healthcare applications, and the evolving needs of e-commerce packaging. Predominant trends in the projection period comprise breakthroughs in composite materials, circular economy models, intelligent insulation solutions, advancements in sustainable packaging, and sophisticated comfort technologies in bedding.
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What new trends are reshaping the polyurethane foam market and its opportunities?
Leading firms in the polyurethane sector are prioritizing technological improvements, such as the development of lightweight, resilient polyurethane foam technologies intended for the insertion and securing of cells in electric vehicle (EV) batteries. These sophisticated materials are designed to offer optimal backing and safeguard for the cells integrated into EV batteries. To illustrate, in April 2024, Huntsman Corporation, a US-based producer and seller of chemical goods for consumer and industries, launched a novel series of light and tough SHOKLESS polyurethane foam technologies primarily aimed at the insertion and securing of cells in EV batteries, providing improved thermal and structural defense. These novel inventions aim to address existing hurdles in the industry by offering adaptable manufacturing alternatives and sturdy performance, in line with the escalating demand for sophisticated remedies in the automotive industry.
Which primary segments of the polyurethane foam market are driving growth and industry transformations?
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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Which geographical regions are pioneering growth 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.
Who are the influential players reshaping the polyurethane foam market landscape?
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.
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What Is Covered In The Polyurethane Foam Global Market Report?
• Market Size Forecast: Examine the polyurethane foam market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the polyurethane foam market for a structured understanding.
• Key Players Overview: Analyze major players in the polyurethane foam market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the polyurethane foam market.
• Segment Contributions: Evaluate how different segments drive overall growth in the polyurethane foam market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the polyurethane foam market.
• Industry Challenges: Identify potential risks and obstacles affecting the polyurethane foam market.
• Competitive Landscape: Review strategic developments in the polyurethane foam market, including expansions, agreements, and new product launches.
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