Polyurethane Foam Market Trends

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

Base Year	2024
Forecast Year	2025-2037
CAGR	8.3%
Base Year Market Size (2024)	USD 55.35 billion
Forecast Year Market Size (2037)	USD 156.06 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of polyurethane foam is evaluated at USD 59.03 billion.

The 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. The market growth is propelled by growing production of footwear, surge in use of polyurethane foam in straps, and rise in production of furniture.

Asia Pacific industry is anticipated to dominate majority revenue share of 35% by 2037, backed by growing popularity of the electronic and transportation industries in the region.

The major players in the market are The Dow Chemical Company, BASF SE, Future Foam, Vita Holdings Limited, Covestro AG, Saint-Gobain SA, CRS Holdings LLC, Rogers Corporation, FXI, UFP Technologies, Inc.

Polyurethane Foam Market Trends