Polyurethane Foam Market Size

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.