Polyurethane foam market size to increase by 5.44 million tons: APAC to account for 39% of market growth - Technavio

NEW YORK, Feb. 16, 2023 /PRNewswire/ -- The polyurethane foam market report has been published by Technavio. Market growth is estimated to accelerate at a CAGR of 7.05% and register an incremental growth of 5.44 million tons during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Download a PDF sample report

Company profiles

The polyurethane foam market report includes information on the key products and recent developments of leading vendors, including:

• BASF SE: The company offers polyurethane foam insulation that is highly durable.
• Covestro AG: The company offers solutions for flexible, rigid, and integral skin foams such as Desmodur, Cardyon, and many more.
• Dow Inc.: The company offers VORASURF polyurethane additives that help meet a variety of needs across a wide range of applications, such as spray foam insulation used in refrigerators and construction.
• Huntsman Corp.: The company offers MDI-based rigid polyurethane foam, which plays a critical role in reducing food waste and extending the life of perishable goods.
• INOAC Corp.: The company offers a wide range of products, such as explosion suppressant foams, medical foams, outdoor foams, and many more.
• Mitsui Chemicals Inc.
• Recticel NV
• Sheela Foam Ltd.
• Trelleborg AB
• To gain access to more vendor profiles available with Technavio, buy the report!

Regional analysis

Based on region, the global polyurethane (PU) foam market is segmented into North America, APAC, Europe, South America, and the Middle East and Africa. APAC is estimated to account for 39% of the growth of the global market over the forecast period. The increasing construction activities and the rising demand for electronic appliances are driving the growth of the regional market.

Market dynamics

The market is driven by factors such as the rising demand for PU foams in China. The increased use of methylal and HFOs as an alternative to HFCs and HCFCs is a key trend in the market. However, the increasing demand for alternatives to PU foams is hindering the market growth.

Competitive analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, among others. Request a sample

Market segmentation

• Based on type, the market is segmented into flexible PU foams, rigid PU foams, and molded PU foams. 
• Based on geography, the market is segmented into North America, APAC, Europe, South America, and Middle East and Africa.
• Based on application, the market is segmented into furniture and bedding, building and construction, transport, appliances, and others

Related Reports:

The polyurethane (PU) coatings market is estimated to grow at a CAGR of 6.2% between 2022 and 2027. The size of the market is forecasted to increase by USD 9,719.29 million. The growing demand from the transportation industry is notably driving the market growth, although factors such as volatile raw material prices may impede the market growth.

The spray polyurethane foam market is estimated to grow at a CAGR of 9.04% between 2022 and 2027. The size of the market is forecasted to increase by USD 1,312.48 million. The increasing demand for spray polyurethane foams in the construction industry is notably driving the market growth, although factors such as the increasing demand for alternatives of spray polyurethane foams may impede the market growth.

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What are the key data covered in this polyurethane foam market report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive polyurethane foam market growth during the next five years
• Precise estimation of the polyurethane foam market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the PU foam industry across APAC, Europe, North America, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of PU foam market vendors

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Table of contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2020
• Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application
• Furniture and bedding - Market size and forecast 2020-2025
• Building and construction - Market size and forecast 2020-2025
• Transport - Market size and forecast 2020-2025
• Appliances - Market size and forecast 2020-2025
• Others - Market size and forecast 2020-2025
• Market opportunity by Application

Market Segmentation by Type

• Market segments
• Comparison by Type
• Flexible PU foams - Market size and forecast 2020-2025
• Rigid PU foams - Market size and forecast 2020-2025
• Molded PU foams - Market size and forecast 2020-2025
• Market opportunity by Type

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2020-2025
• Europe - Market size and forecast 2020-2025
• North America - Market size and forecast 2020-2025
• MEA - Market size and forecast 2020-2025
• South America - Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• BASF SE
• Covestro AG
• Dow Inc.
• Henkel AG and Co. KGaA
• Huntsman Corp.
• INOAC Corp.
• Mitsui Chemicals Inc.
• Recticel NV
• Sheela Foam Ltd.
• Trelleborg AB

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio