Polyurethane Foam Market Share

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.