Global Polyurethane Foam Market Analysis, 2024-2030

Polyurethane foam is flexible solid substance also popularly known as sponge. Availability is in many forms depending on its flexibility. Polyurethane foam is used in chairs and sofas for providing a smooth surface. It is also used in construction industry to provide noise insulation and to strengthen the structure. Footwear, electronic and packaging industry use it to provide safety to products.

It is nothing but the everyday life sponge that is used for wiping, sometimes to secure electronic devices in pickings. Different types of polyurethane foam are available depending on its flexibility and rigidity. According to flexibility, they are used for multiple purpose. The unique fact is polyurethane foam provides sound insulation, hence widely used in the construction business to avoid sound pollution. It used in packaging, seating arrangements like sofa, stools, chairs. It also strengthens a structure under construction.

The global polyurethane foam market report shows insights on the existing market conditions by conducting primary and secondary research for more than 301 hours. In accordance to the report, the global polyurethane foam market is increasing its effective radius throughout the globe rapidly. The global polyurethane foam market is estimated at US $ xxx million dollars in 2018 which is then projected to reach a massive US $ xxx million dollars by the end of 2023 growing at a striking growth rate of xx% annually.

Different industries for multiple reasons make use of it. It is an important material in packaging, footwear and electronic industry and is used to provide protection layer against damage in the packing box. Along with this common use, it is also useful in construction to provide heat and sound resistance. Also, chairs and other seating items use it to provide a comfortable and smooth surface. All these factors are contributing to the growth of global polyurethane foam market.

Though there are different types of foam available, depending on flexibility and thickness, polyurethane foam is not biodegradable and takes high time to degrade. This causes adverse effects on the environment, resulting in negative effects on human and animal health. Due to this reason, its use is decreasing in most industries and is one of the major impediments to its growth.

Of all regions manufacturing polyurethane foam the Asia-Pacific is dominant in the global market. After Asia-Pacific, Europe, Latin America, North America, and Africa are leading regions registering commendable growth in Global Polyurethane foam market.

Companies contributing significantly in global Polyurethane foam market are BASF SE, Nitto Denko Corporation, Compagnie DE Saint-Gobain SA, The Dow Chemical Company, Trelleborg AB, Recticel SA, Tosoh Corporation, Chemtura Corporation, UFP Technologies Inc., and Covestro AG.

Our Approach

The research process begins with the market segmentation of the global polyurethane foam market; which is followed by identifying the growth factors of every segment and conducting market forecast. Market forecasts are done in accordance with the inputs shared by the global polyurethane foam industry experts. Market Krystal held more than 45 hours of interviews for this study and its details are given below:

By company type:

Manufacturers (45%), Suppliers (15%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (40%), Asia (35%), Europe (25%)

By designation:

Top level (45%), Operation level (35%), Mid-level (20%)

Contents of the report:

• Insights on the global polyurethane foam industry dynamics
• Estimation of the current global polyurethane foam market size in terms of value and volume
• Global Polyurethane foam market breakup based on type (rigid, flexible, spray foam), end-user (building & construction, bedding & furniture, electronics, automotive, packaging, footwear, others) and geography (North America, Europe, Asia-Pacific, Middle East, Africa & Latin America)
• Substantiated global polyurethane foam market forecast for the next five years
• Thorough analysis of the key companies working across different nodes of global polyurethane foam industry value chain