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Report
Polyurethane (PU) Foam Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-10-15 I 144 Pages I IMARC Group
Market Overview:
The global polyurethane (PU) foam market size reached US$ 48.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 71.7 Billion by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028.
Polyurethane foam is a synthetic polymer that offers insulation and protection to materials against abrasion, temperature, moisture, impact and corrosion. It is commonly available in the spray, flexible and rigid forms and is primarily used as stuffing in beddings and furniture. It is hypoallergenic, non-toxic, does not degrade over time and can also rapidly react with moisture to expand and bond with the surfaces with high adhesion after application. Owing to this, it finds extensive applications across various other industries, including automotive, packaging, construction and electronics.
Significant growth in the construction industry, along with the rising product demand from the furnishing sector, is one of the key factors that is creating a positive outlook for the market. Furthermore, widespread adoption of flexible and semi-rigid polyurethane foams that are used with coatings, paints and adhesives in residential and commercial complexes is also contributing to the market growth. Additionally, various product innovations and the development of bio-based polyols that are used for manufacturing polyurethane foam and have minimal carbon emissions into the environment, are providing an impetus to the demand for this type of foam. Moreover, extensive utilization of polyurethane foam in the automotive industry is acting as another major growth-inducing factor. It is used in this industry for manufacturing light-weight automobile components, such as dashboards, airbags, armrests and other exterior parts, which further aids in enhancing the overall fuel-efficiency of the vehicle. Other factors, including rapid industrialization, along with increasing product demand from the packaging industry, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global polyurethane (PU) foam market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on structure, product type, density and end-use industry.
Breakup by Structure:
Open Cell
Closed Cell
Breakup by Product Type:
Flexible Foam
Rigid Foam
Spray Foam
Breakup by Density:
Low Density
Medium Density
High Density
Breakup by End-Use Industry:
Bedding and Furniture
Building and Construction
Electronics
Automotive
Packaging
Footwear
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being BASF SE, Covestro AG, Foamcraft Inc., Future Foam Inc., Huntsman International LLC. (Indorama Ventures Public Company Limited), Recticel NV/SA, Rogers Corporation, Saint-Gobain S.A., Sekisui Chemical Co. Ltd., The Dow Chemical Company, Tosoh Corporation, UFP Technologies Inc. and Wanhua Chemical Group Co. Ltd.
Key Questions Answered in This Report
1. What was the size of the global polyurethane (PU) foam market in 2022?
2. What is the expected growth rate of the global polyurethane (PU) foam market during 2023-2028?
3. What are the key factors driving the global polyurethane (PU) foam market?
4. What has been the impact of COVID-19 on the global polyurethane (PU) foam market?
5. What is the breakup of the global polyurethane (PU) foam market based on the product type?
6. What is the breakup of the global polyurethane (PU) foam market based on the density?
7. What is the breakup of the global polyurethane (PU) foam market based on the end-use industry?
8. What are the key regions in the global polyurethane (PU) foam market?
9. Who are the key players/companies in the global polyurethane (PU) foam market?
1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Polyurethane (PU) Foam Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Structure
6.1Open Cell
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Closed Cell
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Product Type
7.1Flexible Foam
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Rigid Foam
7.2.1 Market Trends
7.2.2 Market Forecast
7.3Spray Foam
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Density
8.1Low Density
8.1.1 Market Trends
8.1.2 Market Forecast
8.2Medium Density
8.2.1 Market Trends
8.2.2 Market Forecast
8.3High Density
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by End-Use Industry
9.1Bedding and Furniture
9.1.1 Market Trends
9.1.2 Market Forecast
9.2Building and Construction
9.2.1 Market Trends
9.2.2 Market Forecast
9.3Electronics
9.3.1 Market Trends
9.3.2 Market Forecast
9.4Automotive
9.4.1 Market Trends
9.4.2 Market Forecast
9.5Packaging
9.5.1 Market Trends
9.5.2 Market Forecast
9.6Footwear
9.6.1 Market Trends
9.6.2 Market Forecast
9.7Others
9.7.1 Market Trends
9.7.2 Market Forecast
10 Market Breakup by Region
10.1North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1Overview
11.2Strengths
11.3Weaknesses
11.4Opportunities
11.5Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1Overview
13.2Bargaining Power of Buyers
13.3Bargaining Power of Suppliers
13.4Degree of Competition
13.5Threat of New Entrants
13.6Threat of Substitutes
14 Price Indicators
15 Competitive Landscape
15.1Market Structure
15.2Key Players
15.3Profiles of Key Players
15.3.1BASF SE
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2Covestro AG
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3Foamcraft Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4Future Foam Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5Huntsman International LLC. (Indorama Ventures Public Company Limited)
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6Recticel NV/SA
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.7Rogers Corporation
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.8Saint-Gobain S.A.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9Sekisui Chemical Co. Ltd.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.10The Dow Chemical Company
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11Tosoh Corporation
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12UFP Technologies Inc.
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.13Wanhua Chemical Group Co. Ltd.
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
15.3.13.3 Financials
15.3.13.4 SWOT Analysis
Figure 1: Global: Polyurethane Foam Market: Major Drivers and Challenges
Figure 2: Global: Polyurethane Foam Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Polyurethane Foam Market: Breakup by Structure (in %), 2022
Figure 4: Global: Polyurethane Foam Market: Breakup by Product Type (in %), 2022
Figure 5: Global: Polyurethane Foam Market: Breakup by Density (in %), 2022
Figure 6: Global: Polyurethane Foam Market: Breakup by End-Use Industry (in %), 2022
Figure 7: Global: Polyurethane Foam Market: Breakup by Region (in %), 2022
Figure 8: Global: Polyurethane Foam Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Polyurethane Foam (Open Cell) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Polyurethane Foam (Open Cell) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Polyurethane Foam (Closed Cell) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Polyurethane Foam (Closed Cell) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Polyurethane Foam (Flexible Foam) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Polyurethane Foam (Flexible Foam) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Polyurethane Foam (Rigid Foam) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Polyurethane Foam (Rigid Foam) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Polyurethane Foam (Spray Foam) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Polyurethane Foam (Spray Foam) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Polyurethane Foam (Low Density) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Polyurethane Foam (Low Density) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Polyurethane Foam (Medium Density) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Polyurethane Foam (Medium Density) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Polyurethane Foam (High Density) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Polyurethane Foam (High Density) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Polyurethane Foam (Bedding and Furniture) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Polyurethane Foam (Bedding and Furniture) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Polyurethane Foam (Building and Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Polyurethane Foam (Building and Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Polyurethane Foam (Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Polyurethane Foam (Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Polyurethane Foam (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Polyurethane Foam (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Polyurethane Foam (Packaging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Polyurethane Foam (Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Polyurethane Foam (Footwear) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Polyurethane Foam (Footwear) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Polyurethane Foam (Other End-Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Polyurethane Foam (Other End-Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: North America: Polyurethane Foam Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: North America: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: United States: Polyurethane Foam Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: United States: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Canada: Polyurethane Foam Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Canada: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Asia Pacific: Polyurethane Foam Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Asia Pacific: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: China: Polyurethane Foam Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: China: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Japan: Polyurethane Foam Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Japan: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: India: Polyurethane Foam Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: India: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: South Korea: Polyurethane Foam Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: South Korea: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Australia: Polyurethane Foam Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Australia: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Indonesia: Polyurethane Foam Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Indonesia: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Others: Polyurethane Foam Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Others: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Europe: Polyurethane Foam Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Europe: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Germany: Polyurethane Foam Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Germany: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: France: Polyurethane Foam Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: France: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: United Kingdom: Polyurethane Foam Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: United Kingdom: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Italy: Polyurethane Foam Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Italy: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Spain: Polyurethane Foam Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Spain: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Russia: Polyurethane Foam Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Russia: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Polyurethane Foam Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Latin America: Polyurethane Foam Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Latin America: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Brazil: Polyurethane Foam Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Brazil: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Mexico: Polyurethane Foam Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Mexico: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Others: Polyurethane Foam Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Others: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Middle East and Africa: Polyurethane Foam Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Middle East and Africa: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Global: Polyurethane (PU) Foam Industry: SWOT Analysis
Figure 88: Global: Polyurethane (PU) Foam Industry: Value Chain Analysis
Figure 89: Global: Polyurethane (PU) Foam Industry: Porters Five Forces Analysis
Table 1: Global: Polyurethane Foam Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Polyurethane Foam Market Forecast: Breakup by Structure (in Million US$), 2023-2028
Table 3: Global: Polyurethane Foam Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 4: Global: Polyurethane Foam Market Forecast: Breakup by Density (in Million US$), 2023-2028
Table 5: Global: Polyurethane Foam Market Forecast: Breakup by End-Use Industry (in Million US$), 2023-2028
Table 6: Global: Polyurethane Foam Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Polyurethane Foam Market Structure
Table 8: Global: Polyurethane Foam Market: Key Players
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