Global Polyurethane Foam Market, By Product (Rigid Foam, Flexible Foam, And Spray Foam), Category (Open Cell And Closed Cell), Density Composition (Low-Density Composition, Medium-Density Composition, And High-Density Composition), Process (Slabstock Foam, Molded Foam, Lamination, And Spraying), End-User (Building & Construction, Bedding & Furniture, Automotive, Footwear, Electronics, Packaging, And Others) - Industry Trends and Forecast to 2030.
Polyurethane Foam Market Analysis and Size
Data Bridge Market Research analyses that the global polyurethane foam market is expected to grow at a CAGR of 6.1% from 2023 to 2030 and reach 82,921,714.43 thousand by 2030. Growing acceptance in the automotive and aviation sector will drive market growth.
The global polyurethane foam market report provides details of market share, new developments, and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. Contact us for an analyst brief to understand the analysis and the market scenario. Our team will help you create a revenue-impact solution to achieve your desired goal.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2020 - 2015)
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Quantitative Units
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Revenue in USD Thousand and Volumes in Thousand Tons
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Segments Covered
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By Product (Rigid Foam, Flexible Foam, and Spray Foam), Category (Open Cell and Closed Cell), Density Composition (Low-Density Composition, Medium-Density Composition, and High-Density Composition), Process (Slabstock Foam, Molded Foam, Lamination, and Spraying), End-User (Building & Construction, Bedding & Furniture, Automotive, Footwear, Electronics, Packaging, and Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Spain, Italy, Poland, Netherlands, Russia, Turkey, Belgium, Sweden, Switzerland, Denmark, Finland, Norway, Rest of Europe, China, Japan, India, South Korea, Taiwan, Australia, Thailand, Singapore, Philippines, Malaysia, Vietnam, New Zealand, Indonesia, Rest of Asia-Pacific, South Africa, Saudi Arabia, United Arab Emirates, Egypt, Qatar, Oman, Kuwait, Bahrain, and Rest of Middle East and Africa
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Market Players Covered
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Foamcraft, Inc. (U.S.), SEKISUI CHEMICAL CO., LTD. (Japan), INOAC CORPORATION (Japan), Wisconsin Foam Products (U.S.), Dow (U.S.), Rogers Corporation (U.S.), UFP Technologies, Inc. (U.S.), Saint-Gobain (France), BASF SE (Germany), Sunpreeth Engineers (India), Eurofoam S.r.l. (Italy), Meenakshi Polymers Pvt. Ltd. (India), General Plastics Manufacturing Company, Inc., ALSTONE INDUSTRIES PVT. LTD. (India), Huntsman International LLC (U.S.), Tirupati Foam Ltd. (India), Sheela Foam Ltd. (India), Henkel AG & Co. KGaA (Germany), and Recticel NV/SA (Belgium)
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Market Definition
Polyurethane foam is a polymer obtained by reacting diisocyanate and polyol. Polyurethane foam is generally called pu foam or pur foam. Polyurethane foam provides insulation and protection to the materials from external sources that cause corrosion. The type of reagent or catalyst used with isocyanate in polyurethane foam production depends on the pu foam's application. Three types of polyurethane foam are available: rigid, flexible, and spray foam.
Global Polyurethane Foam Market Dynamics
Drivers
- Increasing demand for protective packaging
Polyurethane foam is widely used for packaging products such as electronics, glass items, medical devices, and many more. The foam is a soft and elastic open-cell structure that offers a wide range of packaging performance useful for lightweight, delicate items and products sensitive to vibration. The function of flexible polyurethane foam in packing is to act as a shock absorber and prevent damage to the object. Flexible polyurethane foam that can absorb shocks efficiently and restore its physical shape rapidly and repeatedly is suitable for packaging fragile products of various weights and sizes. Furthermore, flexible foam is easily cut and shaped for bracing, supporting, and wrapping items.
Polyurethane packaging foam (PPF) is a low-cost, form-fitting cushioning material that precisely and securely protects products that must remain safely in place throughout transportation. Many products, such as electrical and medical diagnostic equipment, delicate glassware, and large industrial parts, are safely protected and transported using such foams. Polyurethane foams product packaging is used in diverse applications such as electronics and home appliances such as refrigerators, freezers, televisions, laptops, glassware, and medical devices. Thus, such sectors' economic growth drives the market growth of polyurethane foam packaging.
- Rising demand for various home furnishing applications
Since Home furnishing is objects placed in a room to make it more comfortable and pleasant, they include any moveable things such as furniture, curtains, carpets, and décor items that complement the room's design. Polyurethane foams are widely applied in home furnishing due to their unique characteristics, such as low density, high mechanical properties, and low thermal conductivity. Polyurethane foams are lightweight porous materials that have promising performance characteristics. Such materials are further applied in end applications in cushion present in furniture items such as sofas and chairs, which drives the growth of the polyurethane foam market.
Factors such as rising population, increasing urbanization, inclination towards quality mattresses, and improvement in institutional infrastructure drive mattress sales in the real estate and hospitality segments. Flexible polyurethane foam has a cellular structure that allows certain compression and resilience, which provides a cushioning effect. This feature is widely used in furniture, mattresses, pillow, and carpet applications. The growth of sectors such as housing, hospitality, and railways is too one factor for the polyurethane foam mattress market growth.
Restraint
- Environmental and health hazards associated with the usage of polyurethane foam
Polyurethanes are mainly derived from crude based raw materials. This leads to the combustibility and reactivity towards solvent which further make them degrade and release harmful chemicals and gases. Along with that synthetic polyurethane foam are said to be non-biodegradable, which will also leads to the increase in dumping of wastes which in turn causes environmental concerns. To overcome these factors the manufactures has to spend on research and development and recycling units which will have an impact on the production and product cost. In conclusion, hazards caused by PUF act as a restraint for the polyurethane foam market by affecting the product cost and being less preferable option for sustainable product consumers.
Challenges
- Availability of substitutes in the market
The substitutes for PUF in the market are Soy-based sustainable foams, Polyolefin foams, and latex are said to be some of the substitutes for polyurethane foams. Growing environmental awareness and the interest in sustainable solutions among customers is the driving factor that makes the manufacturers focus on sustainable and eco-friendly foams. Irrespective of the sector and the applications, eco-friendly products always find a way to dominate the market. The recent growth of the eco-friendly foam market and the manufacturers' interest in them can act as a restraining factor for the polyurethane foam market.
The need for the usage of sustainable products and the durability of the product has been the main driver, which makes the manufacturers produce bio-based foam alternatives to polyurethane foams. The sensitivity towards the chemicals and high temperature also makes it insignificant compared to its alternatives. The high volatility of raw materials, the need for high-standard production methods, and safety concerns during production also give an edge to bio-based foams compared to crude-based foams. Considering the reasons above, it is evident that the availability of alternatives is a restraint for the polyurethane foam market.
Recent Developments
- In September 2022, Saint-Gobain received all the required approvals from relevant authorities to acquire GCP Applied Technologies Inc. (a major global player in construction chemicals). This acquisition helped the company to gain more recognition in the field of construction chemicals.
- In March 2022, BASF SE acquired a new site in Canada for the production of battery materials and recycling expansion. The company states that this expansion helped them to power their North American transition to e-mobility. They plan to start with the cathode active materials and follow up with precursor cathode materials, recycling, and metals refining capabilities.
- In June 2021, INOAC CORPORATION successfully developed a product named ECOLOCEL, a plant-based polyurethane foam from polyurethane materials and 50% biomass, and successfully made a complaint with the food sanitation act. As of now, they introduced this in the sponge category. And developing ways to apply and commercialize in bedding, clothing, cosmetics, and the automotive field.
Global Polyurethane Foam Market Scope
The global polyurethane foam market is segmented into five notable segments based on product, category, density composition, process, and end-user. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
BY PRODUCT
- Rigid Foam
- Flexible Foam
- Spray Foam
On the basis of product, the market is segmented into rigid foam, flexible foam, and spray foam.
BY CATEGORY
- Closed Cell
- Open Cell
On the basis of category, the market is segmented into open cell, and closed cell.
BY DENSITY COMPOSITION
- Low-Density Composition
- Medium-Density Composition
- High-Density Composition
On the basis of density opposition, The market is segmented into low-density composition, medium-density composition, and high-density composition.
BY PROCESS
- Slabstock Foam
- Molded Foam
- Lamination
- Spraying
On the basis of the process, the market is segmented into molded foam, slab stock foam, spraying, and lamination.
BY END-USER
- Bedding And Furniture
- Building And Construction
- Automotive
- Electronics
- Packaging
- Footwear
- Others
On the basis of end-user, the market is segmented into bedding & furniture, building & construction, automotive, electronics, packaging, footwear, and others.
Global Polyurethane Foam Market Regional Analysis/Insights
The global polyurethane foam market is analysed, and market size insights and trends are provided by country, product, category, density composition, process, end-user, as referenced above.
The countries in the global polyurethane foam market are the U.S., Canada, Mexico, Brazil, Argentina, the rest of South America, Germany, France, U.K., Spain, Italy, Poland, Netherlands, Russia, Turkey, Belgium, Sweden, Switzerland, Denmark, Finland, Norway, rest of Europe, China, Japan, India, South Korea, Taiwan, Australia, Thailand, Singapore, Philippines, Malaysia, Vietnam, New Zealand, Indonesia, rest of Asia-Pacific, South Africa, Saudi Arabia, United Arab Emirates, Egypt, Qatar, Oman, Kuwait, Bahrain, and rest of Middle East and Africa.
Asia-Pacific is expected to dominate the maket due to rising demand for various home furnishing applications.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data point downstream and upstream value chain analysis, technical trends, Porter’s five forces analysis, and case studies are some pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to significant or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Polyurethane Foam Market Share Analysis
The global polyurethane foam market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points are only related to the companies’ focus on the global polyurethane foam market.
Some of the prominent participants operating in the global polyurethane foam market are Foamcraft, Inc., SEKISUI CHEMICAL CO., LTD., INOAC CORPORATION, Wisconsin Foam Products, Dow, Rogers Corporation, UFP Technologies, Inc., Saint-Gobain, BASF SE, Sunpreeth Engineers, Eurofoam S.r.l., Meenakshi Polymers Pvt. Ltd., General Plastics Manufacturing Company, Inc., ALSTONE INDUSTRIES PVT. LTD., Huntsman International LLC, Tirupati Foam Ltd., Sheela Foam Ltd., Henkel AG & Co. KGaA, and Recticel NV/SA, among others.
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