Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Polyurethane Foam Market size was valued at USD 55.35 billion in 2024 and is set to exceed USD 156.06 billion by 2037, registering over 8.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of polyurethane foam is evaluated at USD 59.03 billion.
This growth of the sector is anticipated to be influenced by the growth in construction activities. Around the world, there were reportedly about 794,431 built-up areas (BUAs) in 2016. By 2022, this number is projected to rise to approximately 849,406 residents. Moreover, about 2 million buildings are expected to be constructed by 2050. Hence, the market for polyurethane foam is anticipated to increase since it is utilized in insulating walls of buildings during construction with low-density rigid polyurethane.
Additionally, the prevalence of global warming is also on surge all around the globe. According to the Global Monitoring Lab's yearly report, the mean amount of carbon dioxide in the atmosphere across the world reached a new record high in 2022 of 417.06 ppm. As a result, the installation of polyurethane foam is growing. This polyurethane foam is expected to cut down carbon emission, hence further influencing the trend of green building.
Polyurethane Foam Market: Growth Drivers and Challenges
Growth Drivers
- Growing Production of Footwear: Global footwear manufacturing reached about 21 billion pairs in 2021. In order to offer a stable and comfortable base, footwear, particularly athletic footwear, requires the unique qualities of polyurethane. Its flexible qualities enable it to be easily bent and stretched by the natural action of the foot, which is why it is frequently found in the midsole.
- Surge in the Use of Polyurethane Foam in Straps: There are numerous applications for polyurethane straps. Polyurethane is the perfect material for products such as watch straps due to its overall strength and elasticity, which satisfy the wearer's needs both in terms of convenience and adaptability. A very thin, very long cord may withstand the weight of quite heavy objects, demonstrating the potential strength of polyurethane compounds in bungee cords.
- Rise in the Production of Furniture: With the rise in the production of furniture, the polyurethane foam market demand is also estimated to rise. Commercial furniture, particularly that is utilized in workplaces (including home offices), classrooms, hotels, and restaurants, frequently uses flexible polyurethane foam (FPF). Foam is employed for upholstery components which include seat cushions, armrests, backs, leg rests, and others.
Challenges
- Stringent Environment Regulations
- High Cost of Raw Materials
- Presence of Substitute - Polyurethane is a flexible substance having an array of applications and end uses. However, there are other alternatives in the polyurethane foam market that function better than the product in some circumstances. Linseed oil, for instance, is employed to cure wood in the furniture business rather than harmful substances. In marine applications, polysiloxane coatings are utilized rather than PUR coatings (based on isocyanates). Furthermore, polysiloxane coatings are an excellent alternative to PUR coatings due to their suitable endurance and weathering characteristics for maritime uses. This would limit market expansion.
Polyurethane Foam Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
8.3% |
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Base Year Market Size (2024) |
USD 55.35 billion |
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Forecast Year Market Size (2037) |
USD 156.06 billion |
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Regional Scope |
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End-Use Industry (Furniture & Bedding, Construction, Electronics, Packaging, Footwear, Automotive)
The construction segment is projected to gather the highest share of 30% over the projected period. Polyurethane foam is used in buildings to reduce energy consumption since of its excellent strength-to-weight ratio, insulating properties, durability, and versatility. In order to provide design flexibility and boost energy efficiency, polyurethane foam is commonly used in this segment for walls, entry doors, garage doors, and rooftops.
Our in-depth analysis of the global polyurethane foam market includes the following segments:
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Product Type |
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Density |
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Application |
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End-Use Industry |
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Customize this ReportPolyurethane Foam Industry- Regional Synopsis
APAC Market Forecast
Asia Pacific industry is anticipated to dominate majority revenue share of 35% by 2037. China and India are the main drivers for growth in the region. The growing popularity of the electronic and transportation industries throughout the region is the primary factor promoting the expansion of the regional market.
North American Market Analysis
The North America polyurethane foam market is also set to have noteworthy growth over the forecast period. The need for non-residential construction projects, including hospitals, office buildings, and colleges, is expected to grow, which is projected to have a substantial impact on the growth of the North American construction industry. The Northeast area claimed the most office space under construction nationwide in US in the second quarter of 2022. At that time, there were approximately 29 million square feet of offices being built in the Northeast. In addition, government programmes supporting the construction sector's recovery are probably going to have a positive impact on the way buildings are constructed in the future. Over the forecast period, infrastructure expansion in Canada and Mexico, along with reconstruction activities in the United States, is projected to create a sizeable North American polyurethane foam market.
Companies Dominating the Polyurethane Foam Market
- The Dow Chemical Company
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- BASF SE
- Future Foam
- Vita Holdings Limited
- Covestro AG
- Saint-Gobain SA
- CRS Holdings LLC
- Rogers Corporation
- FXI
- UFP Technologies, Inc.
In the News
- With an emphasis on spray and construction applications, The Dow Chemical Company recently announced a new product extension of VORASURF Silicone Surfactants to satisfy the growing demand for improved energy efficiency and sustainable solutions in the rigid polyurethane foam sector.
- CosyPUR, a cutting-edge, high-performance polyurethane (PU) foam from BASF SE, has been launched by Backrobo Wellness (BackRobo) in the mattress topper of its most recent line of smart bedding solutions. Compared to higher density visco elastic foams, the open-celled structure of the foam allows air to move through it, dissipating body heat in the process. This makes the foam more breathable and comfortable.
Author Credits: Rajrani Baghel
- Report ID: 5158
- Published Date: Nov 15, 2024
- Report Format: PDF, PPT
