Polyurethane Foam Market worth $67.8 billion by 2028, at a CAGR of 6.5%

According to the report “Global Forecast to 2028: Polyurethane Foam Market by Type (Rigid foam, Flexible foam, Spray foam), End-use Industry (Building & Construction, Bedding & Furniture, Automotive, Electronics, Footwear, Packaging), and Region,” the market is expected to expand at a compound annual growth rate of 6.5% from 2023 to 2028, from USD 49.5 billion in 2023 to USD 67.8 billion. Due to the expanding end-use industries in emerging economies, the growing usage of polyurethane foams in building insulation for energy conservation, and the adaptability and unique physical features of polyurethane foams, the market is growing at an average rate globally.

Download PDF Brochure

• 398 Market data Tables
• 45 Figures
• 312 Pages and in-depth TOC on “Polyurethane Foam Market – Global Forecast to 2028″

Some of the prominent key players are:

·         Covestro AG (Germany)

·         BASF SE (Germany)

·         Wanhua Chemical Group Co., Ltd. (China)

·         Dow Inc. (US)

·         Huntsman Corporation (US)

·         Sekisui Chemical Co., Ltd. (Japan)

·         Compagnie de Saint-Gobain SA (France)

·         DuPont (US) )

·         Recticel NV/SA (Belgium)

Opportunity: Rise in production of bio-based polyols

Polyurethane foams are mostly made with polyols. In the polyurethane sector, the emergence of bio-based polyols is a noteworthy and encouraging trend. Biopolyols, as opposed to conventional petroleum-based polyols, are more environmentally friendly and sustainable because they are made from renewable resources such waste materials, agricultural residues, and plant-based oils. Growing environmental concerns, a greater understanding of the carbon footprint, and a need for more sustainable manufacturing methods are the main drivers of this shift towards bio polyols.

Request Sample Pages

By type, rigid foam is estimated to hold the most significant share of the global polyurethane foam market.

By type, rigid foam is estimated to dominate the polyurethane foam market globally in terms of value. The automotive industry contributed significantly to the growth of rigid polyurethane foam. It is used extensively in vehicle interiors for insulation and soundproofing, as well as in structural components for its lightweight yet strong characteristics. As automotive manufacturers focus on reducing weight for better fuel efficiency and electrification, rigid polyurethane foam has become a critical material.

The Asia Pacific regional segment accounted for the largest share of the Polyurethane Foam market.

The Asia Pacific region held the highest market share for polyurethane foam in 2022. The main markets for polyurethane foam are China, India, Japan, and South Korea. Asia-Pacific’s automotive industry, which has grown dramatically and turned the region into a global centre for vehicle production, is the main driver of this expansion. Because polyurethane foam is lightweight, strong, and absorbs sound, it is widely used in car interiors and insulation.

Leave a Comment

Your email address will not be published. Required fields are marked *