HOME Top Market Reports Polyurethane Foam Market by Type (Flexible, Rigid, Spray Foam), End User (Bedding & Furniture, Building & Construction, Electronics, Automotive, Footwear, Packaging), and Region (Asia Pacific, Europe, North America) - Global Forecast to 2023

Polyurethane Foam Market by Type (Flexible, Rigid, Spray Foam), End User (Bedding & Furniture, Building & Construction, Electronics, Automotive, Footwear, Packaging), and Region (Asia Pacific, Europe, North America) - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: August 2018
Report Code: CH 2125

 

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The Polyurethane (PU) foam market was valued at USD 50.21 billion and is projected to reach USD 79.77 billion by 2023, at a CAGR of 8.0% during the forecast period.

Objectives of this study are:

  • To define and segment the polyurethane foam market based on type, end user, and region
  • To estimate and forecast the polyurethane foam market in terms of value (USD million) and volume (kilotons)
  • To estimate and forecast the polyurethane foam market based on type and end user in different regions, namely, Asia Pacific, Europe, North America, the Middle East, Africa, and South America
  • To provide detailed information regarding important factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
  • To identify and analyze opportunities in the market for stakeholders
  • To analyze competitive developments, such as expansions, collaborations, acquisitions, agreements, and new product developments in the polyurethane foam market
  • To strategically profile and benchmark key players and comprehensively analyze their market presence and core competencies.

The years considered for the study are:

  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2023
  • Forecast Period – 2018–2023

For company profiles, 2017 has been considered as the base year. In cases wherein information is unavailable for the base year, the years prior to it have been considered.

Research Methodology

The research methodology used to estimate and forecast the size of the polyurethane foam market began with capturing data on key vendor revenues through secondary sources, such as Hoovers, Bloomberg, Chemical Weekly, Factiva, and various other government and private websites. Vendor offerings were taken into consideration to determine the market segmentation. After arriving at the overall market size, the total market was split into several segments and subsegments, which were later verified through primary research by conducting extensive interviews with key personnel, such as CEOs, VPs, directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market. The breakdown of profiles of primaries is depicted in the figure below.

Polyurethane Foam Market

To know about the assumptions considered for the study, download the pdf brochure

The polyurethane foam market has a diversified ecosystem of upstream players, including raw material suppliers, along with downstream stakeholders, vendors, and government organizations. Companies operating in the polyurethane foam market include BASF SE (Germany), Covestro (Germany), The Dow Chemical Company (US), and Huntsman Corporation (US).

Target Audience

  • Manufacturers of Polyurethane Foams and Different Types of Rigid/Flexible/Spray Foams
  • Polyurethane Foam Traders, Distributors, and Suppliers
  • End-use Industries
  • Government and Research Organizations
  • Associations and Industrial Bodies
  • Research and Consulting Firms
  • R&D Institutions
  • National and Regional Agencies
  • Investment Banks and Private Equity Firms

This study answers several questions for stakeholders, primarily the market segments, which they need to focus on during the next 2 to 5 years so that they may prioritize their efforts and investments accordingly.

Scope of the Report:

This research report categorizes the polyurethane foam market based on type, end user, and region, forecasts revenues as well as analyzes trends in each of these submarkets.

On the Basis of Type:

  • Flexible Foam
  • Rigid Foam
  • Spray Foam

On the Basis of End User:

  • Building & Construction
  • Bedding & Furniture
  • Electronics
  • Automotive
  • Packaging
  • Footwear

On the Basis of Region:

  • Asia Pacific
  • North America
  • Europe
  • Middle East
  • South America
  • Africa

Drivers

Growth of end-use industries in emerging nations

Polyurethane foam is extensively used in the furniture, building & construction, electronic, and automotive industries. Flexible polyurethane foam is majorly used in the automotive sector for cushioning. It is one of the most effective insulation materials available, making it suitable for the electronic industry, especially in refrigerators and freezers. The construction industry is a major user of polyurethane foam in the form of rigid foam, coatings, and sealants & adhesives.

High demand for polyurethane foam in building insulation for energy conservation

Polyurethane foam is a highly flexible material which helps reduce total infrastructural cost and energy consumption and is used in various industries, such as construction, furniture, bedding, automotive, binding, and many other industries. PU foam enables architects to better insulate buildings, which reduces the consumption of gas, oil, and electricity. Polyurethanes are considered to be the most affordable, durable, and safe method of reducing carbon emissions that lead to global warming. This is because these are easily available and cheaper options which last longer, and are used for energy conversion, leading to the reduction of carbon emissions.

Restraints

Stringent environmental regulations on the use of flexible polyurethane foam

Flexible polyurethane foam is used in automotive and bedding & furniture applications. National Emission Standards for Hazardous Air Pollutants (NESHAP), environmental regulations by the US EPA include some rules for new and existing plant sites that manufacture flexible polyurethane foam.

This rule was implemented in 1998 for the control of the emissions of methylene chloride, 2,4-Toluene Diisocyanate (TDI), methyl chloroform, Methylene Diphenyl Diisocyanate (MDI), methanol, diethanolamine, propylene oxide, methyl ethyl ketone, and toluene.

Fluctuating prices of raw materials

Polyurethane foam is expensive due to the fluctuating raw material prices, which act as a major restraint for the market. The major raw materials used for the production of polyurethane foam include benzene, toluene, and phosgene. Changes in the demand and supply of these raw materials could have a major impact on the polyurethane foam industry. As benzene and toluene are derived from crude oil, higher crude oil prices result in an increase in the prices of benzene and toluene and consequently, MDI and TDI.

The following customization options are available for the report:

Along with the given market data, MarketsandMarkets offers customizations as per a company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakdown of the Rest of Asia Pacific, Rest of Middle East, Rest of Africa, Rest of Europe, and Rest of South America polyurethane foam markets

Company Information

  • Detailed analysis and profiles of additional market players (up to 5 companies)

Table of Contents

1 Introduction (Page No. - 22)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Years Considered
    1.4 Currency
    1.5 Packaging & Sizing
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 27)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation Methodology
    2.4 Research Assumptions

3 Executive Summary (Page No. - 35)

4 Premium Insights (Page No. - 38)
    4.1 Attractive Opportunities in the Polyurethane Foam Market
    4.2 Polyurethane Foam Market, By Region
    4.3 Asia Pacific Polyurethane Foam Market, By Country & End User
    4.4 Polyurethane Foam Market, By Type & Region
    4.5 Leading Countries in the Polyurethane Foam Market

5 Market Overview (Page No. - 42)
    5.1 Introduction
    5.2 Raw Material Analysis
           5.2.1 Methylene Diphenyl Diisocyanate (Mdi)
           5.2.2 Toluene Diisocyanate (Tdi)
           5.2.3 Polyols
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Growth of End-Use Industries in Emerging Nations
                    5.3.1.2 High Demand for Polyurethane Foam in Building Insulation for Energy Conservation
                    5.3.1.3 Versatility and Unique Physical Properties
           5.3.2 Restraints
                    5.3.2.1 Stringent Environmental Regulations On the Use of Flexible Polyurethane Foam
                    5.3.2.2 Fluctuating Prices of Raw Materials
           5.3.3 Opportunities
                    5.3.3.1 Production of Bio-Based Polyols
           5.3.4 Challenges
                    5.3.4.1 High Raw Material Costs Leading to Pricing Pressures On Pu Foam Manufacturers
    5.4 Porter’s Five Forces Analysis
           5.4.1 Threat of New Entrants
           5.4.2 Bargaining Power of Suppliers
           5.4.3 Threat of Substitutes
           5.4.4 Bargaining Power of Buyers
           5.4.5 Intensity of Competitive Rivalry
    5.5 Macroeconomic Indicators
           5.5.1 Construction Industry
           5.5.2 Manufacturing
    5.6 Cell Structure of Polyurethane Foam
           5.6.1 Introduction
           5.6.2 Open-Cell Polyurethane Foam
           5.6.3 Closed-Cell Polyurethane Foam
    5.7 Size of Polyurethane Foam Cell Structure
           5.7.1 Introduction
           5.7.2 Microcellular
           5.7.3 Nanocellular
    5.8 Pricing Analysis
           5.8.1 Introduction

6 Polyurethane Foam Market, By Density Composition (Page No. - 58)
    6.1 Introduction
    6.2 Low-Density Polyurethane Foams
           6.2.1 Reticulated Polyurethane Foams
           6.2.2 Polyester Foams
           6.2.3 Polyether Foams
    6.3 Medium-Density Polyurethane Foams
    6.4 High-Density Polyurethane Foams

7 Polyurethane Foam Market, By Type (Page No. - 60)
    7.1 Introduction
    7.2 Flexible Foams
           7.2.1 Applications of Flexible Foams
                    7.2.1.1 Cushioning
                    7.2.1.2 Apparel Padding
                    7.2.1.3 Filtration
                    7.2.1.4 Other Applications
    7.3 Rigid Foams
           7.3.1 Applications of Rigid Foams
                    7.3.1.1 Insulation
                    7.3.1.2 Decorative and Architectural Applications
                    7.3.1.3 Flotation Modules
    7.4 Spray Foams
           7.4.1 Applications of Spray Foams
                    7.4.1.1 Insulation
                    7.4.1.2 Air-Barriers
                    7.4.1.3 Flotation
                    7.4.1.4 Roofing
                    7.4.1.5 Packaging

8 Polyurethane Foam Market, By End User (Page No. - 68)
    8.1 Introduction
    8.2 Bedding & Furniture
           8.2.1 Polyurethane Foams for Bedding & Furniture
                    8.2.1.1 Mattress & Pillows
                    8.2.1.2 Medical
                    8.2.1.3 Carpet Cushioning
                    8.2.1.4 Seating
                    8.2.1.5 Office Furniture
    8.3 Building & Construction
           8.3.1 Polyurethane Foams for Building & Construction
                    8.3.1.1 thermal Insulations
                    8.3.1.2 Air Sealing
    8.4 Electronics
           8.4.1 Polyurethane Foams for Electronics
                    8.4.1.1 Sealing
                    8.4.1.2 Insulations
    8.5 Automotive
           8.5.1 Polyurethane Foams for Automotive
                    8.5.1.1 Cushion Overlays
                    8.5.1.2 Seat Foams
                    8.5.1.3 Door Panels
                    8.5.1.4 Energy Absorbers
                    8.5.1.5 Sound Absorption and Vibration Dampening
                    8.5.1.6 Others
    8.6 Footwear
           8.6.1 Polyurethane Foams for Footwear
                    8.6.1.1 Shoe Midsoles
                    8.6.1.2 Shoe Bottoms
                    8.6.1.3 Shoe Upper
    8.7 Packaging
           8.7.1 Polyurethane Foams for Packaging
                    8.7.1.1 Foam Packaging
                    8.7.1.2 Composite Packaging
    8.8 Others

9 Polyurethane Foam Market, By Region (Page No. - 81)
    9.1 Introduction
    9.2 Asia Pacific
           9.2.1 China
           9.2.2 Japan
           9.2.3 India
           9.2.4 South Korea
           9.2.5 Thailand
           9.2.6 Malaysia
           9.2.7 Singapore
           9.2.8 Indonesia
           9.2.9 Rest of Asia Pacific
    9.3 North America
           9.3.1 US
           9.3.2 Mexico
           9.3.3 Canada
    9.4 Europe
           9.4.1 Germany
           9.4.2 France
           9.4.3 Italy
           9.4.4 UK
           9.4.5 Russia
           9.4.6 Spain
           9.4.7 Rest of Europe
    9.5 Middle East
           9.5.1 UAE
           9.5.2 Saudi Arabia
           9.5.3 Turkey
           9.5.4 Rest of the Middle East
    9.6 South America
           9.6.1 Brazil
           9.6.2 Argentina
           9.6.3 Chile
           9.6.4 Rest of South America
    9.7 Africa
           9.7.1 Egypt
           9.7.2 South Africa
           9.7.3 Rest of Africa

10 Competitive Landscape (Page No. - 169)
    10.1 Overview
    10.2 Market Ranking Analysis
    10.3 Competitive Situations & Trends
             10.3.1 Expansions
             10.3.2 Agreements
             10.3.3 Acquisitions
    10.4 New Product Launches
    10.5 Mergers, Joint Ventures & Collaborations
    10.6 New Product Developments

11 Company Profiles (Page No. - 180)
    11.1 BASF
    11.2 Covestro AG
    11.3 Dowdupont
    11.4 Sekisui Chemical Co. Ltd.
    11.5 Huntsman Corporation
    11.6 Nitto Denko Corporation
    11.7 Armacell
    11.8 Chemtura Corporation
    11.9 Compagnie De Saint-Gobain S.A.
    11.10 Eurofoam Group
    11.11 Foamcraft, Inc.
    11.12 Foampartner Group
    11.13 Future Foam, Inc.
    11.14 Fxi-Foamex Innovations
    11.15 Inoac Corporation
    11.16 Recticel
    11.17 Rogers Corporation
    11.18 Tosoh Corporation (Nippon Polyurethane Industry Co., Ltd.)
    11.19 Trelleborg
    11.20 UFP Technologies, Inc.
    11.21 Vita (Lux Iii) S.Ŕ R.L.
    11.22 Wanhua Chemical Group Co., Ltd. (Former: Yantai Wanhua Polyurethanes Co., Ltd.)
    11.23 Woodbridge Foam Corporation
    11.24 Other Leading Players
             11.24.1 Adient
             11.24.2 American Foam Products
             11.24.3 Carpenter Co.
             11.24.4 Foam Supplies, Inc.
             11.24.5 Henkel Polybit
             11.24.6 Heubach Corporation
             11.24.7 Interfoam Limited
             11.24.8 Interplasp
             11.24.9 Rempac Foam

12 Appendix (Page No. - 228)
    12.1 Discussion Guide
    12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
    12.3 Available Customizations
    12.4 Related Reports
    12.5 Author Details


List of Tables (193 Tables)

Table 1 Mdi Types and Applications
Table 2 Tdi Types and Applications
Table 3 Europe Construction Market Growth, By Country, 2014 - 2022 (%)
Table 4 Asia Pacific Construction Market Growth, By Country, 2014 - 2022 (%)
Table 5 Other Countries Construction Market Growth, By Country, 2014 - 2022 (%)
Table 6 Polyurethane Foam Market Size, By Type, 2016-2023 (Kilotons)
Table 7 Polyurethane Foam Market Size, By Type, 2016-2023 (USD Billion)
Table 8 Flexible Polyurethane Foam Market Size, By Region, 2016-2023 (Kilotons)
Table 9 Flexible Polyurethane Foam Market Size, By Region, 2016-2023 (USD Million)
Table 10 Rigid Polyurethane Foam Market Size, By Region, 2016-2023 (Kilotons)
Table 11 Rigid Polyurethane Foam Market Size, By Region, 2016-2023 (USD Million)
Table 12 Spray Polyurethane Foam Market Size, By Region, 2016-2023 (Kilotons)
Table 13 Spray Polyurethane Foam Market Size, By Region, 2016-2023 (USD Million)
Table 14 Polyurethane Foam Market Size, By End User, 2016-2023 (Kilotons)
Table 15 Polyurethane Foam Market Size, By End User, 2016-2023 (USD Billion)
Table 16 Polyurethane Foam Market for Bedding & Furniture, By Region, 2016-2023 (Kilotons)
Table 17 Polyurethane Foam Market for Bedding & Furniture, By Region, 2016-2023 (USD Million)
Table 18 Polyurethane Foam Market for Building & Construction, By Region, 2016-2023 (Kilotons)
Table 19 Polyurethane Foam Market for Building & Construction, By Region, 2016-2023 (USD Million)
Table 20 Polyurethane Foam Market for Electronics, By Region, 2016-2023 (Kilotons)
Table 21 Polyurethane Foam Market for Electronics, By Region, 2016-2023 (USD Million)
Table 22 Polyurethane Foam Market for Automotive, By Region, 2016-2023 (Kilotons)
Table 23 Polyurethane Foam Market for Automotive, By Region, 2016-2023 (USD Million)
Table 24 Polyurethane Foam Market for Footwear, By Region, 2016-2023 (Kilotons)
Table 25 Polyurethane Foam Market for Footwear, By Region, 2016-2023 (USD Million)
Table 26 Polyurethane Foam Market for Packaging, By Region, 2016-2023 (Kilotons)
Table 27 Polyurethane Foam Market for Packaging, By Region, 2016-2023 (USD Million)
Table 28 Polyurethane Foam Market for Other End Users, By Region, 2016-2023 (Kilotons)
Table 29 Polyurethane Foam Market for Other End Users, By Region, 2016-2023 (USD Million)
Table 30 Polyurethane Foam Market Size, By Region, 2016–2023 (Kilotons)
Table 31 Polyurethane Foam Market Size, By Region, 2016-2023 (USD Billion)
Table 32 Asia Pacific Polyurethane Foam Market Size, By Country, 2016–2023 (Kilotons)
Table 33 Asia Pacific Polyurethane Foam Market Size, By Country, 2016-2023 (USD Million)
Table 34 Asia Pacific Polyurethane Foam Market Size, By Type, 2016-2023 (Kilotons)
Table 35 Asia Pacific Polyurethane Foam Market Size, By Type, 2016-2023 (USD Million)
Table 36 Asia Pacific Polyurethane Foam Market Size, By End User, 2016-2023 (Kilotons)
Table 37 Asia Pacific Polyurethane Foam Market Size, By End User, 2016-2023 (USD Million)
Table 38 China Polyurethane Foam Market Size, By Type, 2016-2023 (Kilotons)
Table 39 China By Market Size, By Type, 2016-2023 (USD Million)
Table 40 China By Market Size, By End User, 2016-2023 (Kilotons)
Table 41 China By Market Size, By End User, 2016-2023 (USD Million)
Table 42 Japan By Market Size, By Type, 2016-2023 (Kilotons)
Table 43 Japan By Market Size, By Type, 2016-2023 (USD Million)
Table 44 Japan By Market Size, By End User, 2016-2023 (Kilotons)
Table 45 Japan By Market Size, By End User, 2016-2023 (USD Million)
Table 46 India By Market Size, By Type, 2016-2023 (Kilotons)
Table 47 India By Market Size, By Type, 2016-2023 (USD Million)
Table 48 India By Market Size, By End User, 2016-2023 (Kilotons)
Table 49 India By Market Size, By End User, 2016-2023 (USD Million)
Table 50 South Korea Polyurethane Foam Market Size, By Type, 2016-2023 (Kilotons)
Table 51 South Korea Polyurethane Foam Market Size, By Type, 2016-2023 (USD Million)
Table 52 South Korea Polyurethane Foam Market Size, By End User, 2016-2023 (Kilotons)
Table 53 South Korea Polyurethane Foam Market Size, By End User, 2016-2023 (USD Million)
Table 54 Thailand Polyurethane Foam Market Size, By Type, 2016-2023 (Kilotons)
Table 55 Thailand By Market Size, By Type, 2016-2023 (USD Million)
Table 56 Thailand By Market Size, By End User, 2016-2023 (Kilotons)
Table 57 Thailand By Market Size, By End User, 2016-2023 (USD Million)
Table 58 Malaysia By Market Size, By Type, 2016-2023 (Kilotons)
Table 59 Malaysia By Market Size, By Type, 2016-2023 (USD Million)
Table 60 Malaysia By Market Size, By End User, 2016-2023 (Kilotons)
Table 61 Malaysia By Market Size, By End User, 2016-2023 (USD Million)
Table 62 Singapore By Market Size, By Type, 2016-2023 (Kilotons)
Table 63 Singapore By Market Size, By Type, 2016-2023 (USD Million)
Table 64 Singapore By Market Size, By End User, 2016-2023 (Kilotons)
Table 65 Singapore By Market Size, By End User, 2016-2023 (USD Million)
Table 66 Indonesia By Market Size, By Type, 2016-2023 (Kilotons)
Table 67 Indonesia By Market Size, By Type, 2016-2023 (USD Million)
Table 68 Indonesia By Market Size, By End User, 2016-2023 (Kilotons)
Table 69 Indonesia By Market Size, By End User, 2016-2023 (USD Million)
Table 70 Rest of Asia Pacific Polyurethane Foam Market Size, By Type, 2016-2023 (Kilotons)
Table 71 Rest of Asia Pacific Polyurethane Foam Market Size, By Type, 2016-2023 (USD Million)
Table 72 Rest of Asia Pacific Polyurethane Foam Market Size, By End User, 2016-2023 (Kilotons)
Table 73 Rest of Asia Pacific Polyurethane Foam Market Size, By End User, 2016-2023 (USD Million)
Table 74 North America Polyurethane Foam Market Size, By Country, 2016-2023 (Kilotons)
Table 75 North America Polyurethane Foam Market Size, By Country, 2016-2023 (USD Million)
Table 76 North America Polyurethane Foam Market Size, By Type, 2016-2023 (Kilotons)
Table 77 North America Polyurethane Foam Market Size, By Type, 2016-2023 (USD Million)
Table 78 North America Polyurethane Foam Market Size, By End User, 2016-2023 (Kilotons)
Table 79 North America Polyurethane Foam Market Size, By End User, 2016-2023 (USD Million)
Table 80 US Polyurethane Foam Market Size, By Type, 2016-2023 (Kilotons)
Table 81 US Polyurethane Foam Market Size, By Type, 2016-2023 (USD Million)
Table 82 US Polyurethane Foam Market Size, By End User, 2016-2023 (Kilotons)
Table 83 US Polyurethane Foam Market Size, By End User, 2016-2023 (USD Million)
Table 84 Mexico By Market Size, By Type, 2016-2023 (Kilotons)
Table 85 Mexico By Market Size, By Type, 2016-2023 (USD Million)
Table 86 Mexico By Market Size, By End User, 2016-2023 (Kilotons)
Table 87 Mexico By Market Size, By End User, 2016-2023 (USD Million)
Table 88 Canada By Market Size, By Type, 2016-2023 (Kilotons)
Table 89 Canada By Market Size, By Type, 2016-2023 (USD Million)
Table 90 Canada By Market Size, By End User, 2016-2023 (Kilotons)
Table 91 Canada By Market Size, By End User, 2016-2023 (USD Million)
Table 92 Europe By Market Size, By Country, 2016-2023 (Kilotons)
Table 93 Europe By Market Size, By Country, 2016-2023 (USD Million)
Table 94 Europe By Market Size, By Type, 2016-2023 (Kilotons)
Table 95 Europe By Market Size, By Type, 2016-2023 (USD Million)
Table 96 Europe By Market Size, By End User, 2016-2023 (Kilotons)
Table 97 Europe By Market Size, By End User, 2016-2023 (USD Million)
Table 98 Germany By Market Size, By Type, 2016-2023 (Kilotons)
Table 99 Germany By Market Size, By Type, 2016-2023 (USD Million)
Table 100 Germany By Market Size, By End User, 2016-2023 (Kilotons)
Table 101 Germany By Market Size, By End User, 2016-2023 (USD Million)
Table 102 France By Market Size, By Type, 2016-2023 (Kilotons)
Table 103 Germany By Market Size, By Type, 2016-2023 (USD Million)
Table 104 France By Market Size, By End User, 2016-2023 (Kilotons)
Table 105 France By Market Size, By End User, 2016-2023 (USD Million)
Table 106 Italy By Market Size, By Type, 2016-2023 (Kilotons)
Table 107 Italy By Market Size, By Type, 2016-2023 (USD Million)
Table 108 Italy By Market Size, By End User, 2016-2023 (Kilotons)
Table 109 Italy By Market Size, By End User, 2016-2023 (USD Million)
Table 110 UK By Market Size, By Type, 2016-2023 (Kilotons)
Table 111 UK By Market Size, By Type, 2016-2023 (USD Million)
Table 112 UK By Market Size, By End User, 2016-2023 (Kilotons)
Table 113 UK By Market Size, By End User, 2016-2023 (USD Million)
Table 114 Russia By Market Size, By Type, 2016-2023 (Kilotons)
Table 115 Russia By Market Size, By Type, 2016-2023 (USD Million)
Table 116 Russia By Market Size, By End User, 2016-2023 (Kilotons)
Table 117 Russia By Market Size, By End User, 2016-2023 (USD Million)
Table 118 Spain By Market Size, By Type, 2016-2023 (Kilotons)
Table 119 Spain By Market Size, By Type, 2016-2023 (USD Million)
Table 120 Spain By Market Size, By End User, 2016-2023 (Kilotons)
Table 121 Spain By Market Size, By End User, 2016-2023 (USD Million)
Table 122 Rest of Europe By Market Size, By Type, 2016-2023 (Kilotons)
Table 123 Rest of Europe By Market Size, By Type, 2016-2023 (USD Million)
Table 124 Rest of Europe By Market Size, By End User, 2016-2023 (Kilotons)
Table 125 Rest of Europe By Market Size, By End User, 2016-2023 (USD Million)
Table 126 Middle East By Market Size, By Country, 2016-2023 (Kilotons)
Table 127 Middle East By Market Size, By Country, 2016-2023 (USD Million)
Table 128 Middle East By Market Size, By Type, 2016-2023 (Kilotons)
Table 129 Middle East By Market Size, By Type, 2016-2023 (USD Million)
Table 130 Middle East By Market Size, By End User, 2016-2023 (Kilotons)
Table 131 Middle East By Market Size, By End User, 2016-2023 (USD Million)
Table 132 UAE By Market Size, By Type, 2016-2023 (Kilotons)
Table 133 UAE By Market Size, By Type, 2016-2023 (USD Million)
Table 134 UAE By Market Size, By End User, 2016-2023 (Kilotons)
Table 135 UAE By Market Size, By End User, 2016-2023 (USD Million)
Table 136 Saudi Arabia By Market Size, By Type, 2016-2023 (Kilotons)
Table 137 Saudi Arabia By Market Size, By Type, 2016-2023 (USD Million)
Table 138 Saudi Arabia By Market Size, By End User, 2016-2023 (Kilotons)
Table 139 Saudi Arabia By Market Size, By End User, 2016-2023 (USD Million)
Table 140 Turkey By Market Size, By Type, 2016-2023 (Kilotons)
Table 141 Turkey By Market Size, By Type, 2016-2023 (USD Million)
Table 142 Turkey By Market Size, By End User, 2016-2023 (Kilotons)
Table 143 Turkey By Market Size, By End User, 2016-2023 (USD Million)
Table 144 Rest of the Middle East By Market Size, By Type, 2016-2023 (Kilotons)
Table 145 Rest of the Middle East By Market Size, By Type, 2016-2023 (USD Million)
Table 146 Rest of the Middle East By Market Size, By End User, 2016-2023 (Kilotons)
Table 147 Rest of the Middle East By Market Size, By End User, 2016-2023 (USD Million)
Table 148 South America By Market Size, By Country, 2016-2023 (Kilotons)
Table 149 South America By Market Size, By Country, 2016-2023 (USD Million)
Table 150 South America By Market Size, By Type, 2016-2023 (Kilotons)
Table 151 South America By Market Size, By Type, 2016-2023 (USD Million)
Table 152 South America By Market Size, By End User, 2016-2023 (Kilotons)
Table 153 South America By Market Size, By End User, 2016-2023 (USD Million)
Table 154 Brazil By Market Size, By Type, 2016-2023 (Kilotons)
Table 155 Brazil By Market Size, By Type, 2016-2023 (USD Million)
Table 156 Brazil By Market Size, By End User, 2016-2023 (Kilotons)
Table 157 Brazil By Market Size, By End User, 2016-2023 (USD Million)
Table 158 Argentina By Market Size, By Type, 2016-2023 (Kilotons)
Table 159 Argentina By Market Size, By Type, 2016-2023 (USD Million)
Table 160 Argentina By Market Size, By End User, 2016-2023 (Kilotons)
Table 161 Argentina By Market Size, By End User, 2016-2023 (USD Million)
Table 162 Chile By Market Size, By Type, 2016-2023 (Kilotons)
Table 163 Chile By Market Size, By Type, 2016-2023 (USD Million)
Table 164 Chile By Market Size, By End User, 2016-2023 (Kilotons)
Table 165 Chile By Market Size, By End User, 2016-2023 (USD Million)
Table 166 Rest of South America By Market Size, By Type, 2016-2023 (Kilotons)
Table 167 Rest of South America By Market Size, By Type, 2016-2023 (USD Million)
Table 168 Rest of South America By Market Size, By End User, 2016-2023 (Kilotons)
Table 169 Rest of South America By Market Size, By End User, 2016-2023 (USD Million)
Table 170 Africa By Market Size, By Country, 2016-2023 (Kilotons)
Table 171 Africa By Market Size, By Country, 2016-2023 (USD Million)
Table 172 Africa By Market Size, By Type, 2016-2023 (Kilotons)
Table 173 Africa By Market Size, By Type, 2016-2023 (USD Million)
Table 174 Africa By Market Size, By End User, 2016-2023 (Kilotons)
Table 175 Africa By Market Size, By End User, 2016-2023 (USD Million)
Table 176 Egypt By Market Size, By Type, 2016-2023 (Kilotons)
Table 177 Egypt By Market Size, By Type, 2016-2023 (USD Million)
Table 178 Egypt By Market Size, By End User, 2016-2023 (Kilotons)
Table 179 Egypt By Market Size, By End User, 2016-2023 (USD Million)
Table 180 South Africa By Market Size, By Type, 2016-2023 (Kilotons)
Table 181 South Africa By Market Size, By Type, 2016-2023 (USD Million)
Table 182 South Africa By Market Size, By End User, 2016-2023 (Kilotons)
Table 183 South Africa By Market Size, By End User, 2016-2023 (USD Million)
Table 184 Rest of Africa By Market Size, By Type, 2016-2023 (Kilotons)
Table 185 Rest of Africa By Market Size, By Type, 2016-2023 (USD Million)
Table 186 Rest of Africa By Market Size, By End User, 2016-2023 (Kilotons)
Table 187 Rest of Africa By Market Size, By End User, 2016-2023 (USD Million)
Table 188 Expansions, January 2013-March 2018
Table 189 Agreements, January 2013-March 2018
Table 190 Acquisitions, January 2013-March 2018
Table 191 New Product Launches, January 2013-March 2018
Table 192 Mergers, Joint Ventures & Collaborations, January 2013-March 2018
Table 193 New Product Developments, January 2013-March 2018


List of Figures (46 Figures)

Figure 1 Polyurethane Foam Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Polyurethane Foam Market: Data Triangulation
Figure 5 Building & Construction End User Segment Expected to Lead Polyurethane Foam Market Between 2018 and 2023
Figure 6 Spray Foam Segment Expected to Grow At the Highest Cagr Between 2018 and 2023
Figure 7 Asia Pacific Expected to Lead Polyurethane Foam Market During Forecast Period
Figure 8 Increasing Use of Polyurethane Foam in Bedding & Furniture Segment Expected to Drive Polyurethane Foam Market From 2018 to 2023
Figure 9 Polyurethane Foam Market in Asia Pacific Projected to Grow At Highest Cagr During the Forecast Period
Figure 10 Bedding & Furniture Application Segment Estimated to Lead Asia Pacific Polyurethane Foam Market in 2018
Figure 11 Flexible Foam Segment Estimated to Lead Polyurethane Foam Market Across All Regions in 2018
Figure 12 China Projected to Grow At Highest Cagr in the Polyurethane Foam Market Between 2018 and 2023
Figure 13 Polyurethane Foam Market Drivers, Restraints, Opportunities, and Challenges
Figure 14 Porter’s Five Forces Analysis of the Polyurethane Foam Market
Figure 15 Revenue From Construction Sector, By Country, 2014 (USD Billion)
Figure 16 Manufacturing Industry Growth Rate, 2016
Figure 17 Global Flexible Foam Price to Increase By 2% - 3% During 2018-2023
Figure 18 Rigid Foam Prices in Asia Pacific Expected to Increase Marginally Due to Rise in Demand During Forecast Period
Figure 19 Flexible Foam Segment Projected to Lead the Polyurethane Foam Market From 2018 to 2023
Figure 20 Building & Construction Segment Projected to Lead the Polyurethane Foam Market From 2018 to 2023
Figure 21 Regional Snapshot
Figure 22 Asia Pacific Polyurethane Foam Market Snapshot
Figure 23 North America Polyurethane Foam Market Snapshot
Figure 24 Europe Polyurethane Foam Market Snapshot
Figure 25 Middle East Polyurethane Foam Market Snapshot
Figure 26 South America Polyurethane Foam Market Snapshot
Figure 27 Africa Polyurethane Foam Market Snapshot
Figure 28 Companies Adopted Organic Growth Strategies Between January 2013 and March 2018
Figure 29 Ranking Analysis of Top Players in the Polyurethane Foam Market in 2018
Figure 30 BASF: Company Snapshot
Figure 31 Covestro AG: Company Snapshot
Figure 32 Dowdupont: Company Snapshot
Figure 33 Dupont: Company Snapshot
Figure 34 The Dow Chemical Company: Company Snapshot
Figure 35 Sekisui Chemical Co., Ltd.: Company Snapshot
Figure 36 Huntsman Corporation: Company Snapshot
Figure 37 Nitto Denko Corporation: Company Snapshot
Figure 38 Armacell: Company Snapshot
Figure 39 Chemtura Corporation: Company Snapshot
Figure 40 Compagnie De Saint-Gobain S.A.: Company Snapshot
Figure 41 Recticel: Company Snapshot
Figure 42 Rogers Corporation: Company Snapshot
Figure 43 Tosoh Corporation: Company Snapshot
Figure 44 Trelleborg: Company Snapshot
Figure 45 UFP Technologies, Inc.: Company Snapshot
Figure 46 Wanhua Chemical Group Co., Ltd. Company Snapshot

The polyurethane foam market is estimated to be USD 54.19 billion in 2018 and is projected to reach USD 79.77 billion by 2023, at a CAGR of 8.0% between 2018 and 2023. The growth of the polyurethane foam market can be attributed to the increasing demand for polyurethane foam from the bedding & furniture and building & construction end-use industries. Significant investments in new infrastructure development, new housing projects, and renovation of non-residential buildings in the US, China, India, and Brazil have also influenced the growth of the polyurethane foam market.

Based on end user, the polyurethane foam market has been classified into bedding & furniture, building & construction, electronics, automotive, footwear, packaging, and others. The others end user segment of the market includes electrical appliances, textiles & apparels, and transportation. The building & construction segment is expected to account for the largest share of the polyurethane foam market. This large share is primarily drive by the increase in the use of polyurethane foam owing to the growing demand for insulation from the building & construction industry. 

Based on type, the polyurethane foam market has been segmented into rigid foam, flexible foam, and spray foam. The increasing demand for flexible polyurethane foam from the automotive industry in countries, such as India, China, and Malaysia, is driving the growth of the polyurethane foam market.

Flexible foams are widely used in various applications in the automotive, construction, and electronics industries. These foams help automobile manufacturers address issues pertaining to the weight, vibration, fuel efficiency, and durability of automobiles. Flexible foams are also used in bedding & upholstery, fabric coatings, print rollers, and footwear midsoles. The flexible foam segment is estimated to account for the largest share of the polyurethane foam market in 2018.

The polyurethane foam market in the Middle East is projected to grow at the highest CAGR during the forecast period. North America is projected to be the second-largest market for polyurethane foam, in terms of value. The growth of the polyurethane foam market in North America is mainly driven by the increasing demand for flexible polyurethane foam from end-use industries in this region. Moreover, there is a significant demand for polyurethane foam for specific applications, such as automotive seating and customer needs. There is also a high demand for spray polyurethane foam in the European region for use in the building & construction industry.

Asia Pacific is the largest market for polyurethane foam. The rising demand for flexible polyurethane foam, coupled with the increasing applicability of rigid polyurethane foam in the automotive and building & construction industries, is driving the growth of the Asia Pacific polyurethane foam market.

Polyurethane Foam Market

Key players in the polyurethane foam market have a strong customer base and wide regional presence. These players are adopting both, organic and inorganic growth strategies to stay competitive in the market. The adoption of growth strategies, such as expansions and agreements, has helped market players enhance their global reach and widen their customer base.

BASF SE (Germany), Covestro (Germany), The Dow Chemical Company (US), and Huntsman Corporation (US) are some of the key players operating in the polyurethane foam market. These companies are undertaking efforts to address the demand for polyurethane foam from the furniture and construction industries.

Opportunities

Production of bio-based polyols

Polyols are majorly used to manufacture polyurethane foam. Due to the growing concerns regarding the dependence on fossil fuels and the impact of plastics on the environment, the polyurethane foams industry is continuously striving for sustainability in business practices. The year 2014-2015 has been very volatile for the oil industry, and this has had a significant impact on profitability for the polyurethane foam industry. This has presented market participants with an excellent opportunity for the development of bio-based polyols to be used in the manufacture of polyurethane foams and for other applications as well.

Challenges

High raw material costs leading to pricing pressures on PU foam manufacturers

The global polyurethane foam market has experienced significant pricing pressure over the past few years owing to feedstock pressures. Major feedstock materials, such as toluene diisocyanate, methyle di-p-phenylene, and polymeric isocyanate, were the key factors driving up the manufacturing cost of polyurethane foam. The polyurethane foam market witnessed substantial price rises due to the ongoing rise in record-high MDI feedstock values, which have not yet lowered. Capital and raw material costs primarily account for a major portion of production costs, resulting in rising pricing pressure on manufacturers.

Expansions, January 2013-March 2018

Date

Company Name

Description

January 2018

BASF

BASF established a new MDI synthesis unit in Geismar, Louisiana. MDI is a basic raw material for polyurethanes. The annual capacity of MDI will increase from 300,000 metric tons to 600,000 metric tons. This expansion strategy enabled the company to enhance its presence in North America.

May 2018

Huntsman Corporation

Huntsman Corporation announced its plan to establish a new polyurethanes systems house in Dubai. This expansion strategy enabled the company to strengthen its downstream capabilities.

Agreements, January 2013-March 2018

Date

Company Name

Description

March 2018

FXI-Foamex Innovations

FXI-Foamex Innovations entered into an agreement with Biocrystal Technologies to introduce a new unique foam infused with Biocrystal known as Regenerist with Biocrystal. This agreement enabled FXI to strengthen its position in the polyurethane foam market.

July 2014

BASF

Alpek SAB de CV and BASF signed agreements for Expandable Polystyrene (EPS) and Polyurethane (PU) business activities in the Americas. The agreements are for the Polioles joint venture in Mexico and BASF EPS business in North and South America, which excludes BASF Neopor (grey EPS) business. Alpek acquired all of Polioles EPS business activities, including its EPS production site in Altamira, Mexico. BASF acquired Polioles PU business activities, including selected assets in its Lerma facility as well as all the marketing and selling rights for PU systems, isocyanates, and polyols. Upon completion of the transaction, Polioles continued operations as Alpek-BASF joint venture with a product portfolio of industrial and specialty chemicals.
Under the agreement, Alpek acquired BASF EPS business activities in North and South America. BASF EPS business activities include BASF EPS sales and distribution channels in North and South America, production facilities in Guaratingueta, Brazil and General Lagos, Argentina, and foam parts business in Chile (Aislapol SA). BASF continued to sell Neopor to its customers in the US, Canada, and South America. In Mexico, Alpek is a key supplier for BASF, as per the distribution agreement.

Company Website and Press Releases

Acquisitions, January 2013-March 2018

Date

Company Name

Description

March 2018

Huntsman Corporation

Huntsman Corporation acquired Demilec, a leading manufacturer of spray polyurethane foam insulation. Demilec produced MDI-based SPF formulations. This acquisition enabled Huntsman Corporation to expand its polyurethane foam business in the North American region.

May 2017

Huntsman Corporation

Huntsman Corporation acquired a UK-based independent polyurethane formulations company, IFS Chemicals Limited. This acquisition helped Huntsman Corporation strengthen its presence in the UK.

New Product Launches, January 2013-March 2018

Date

Company Name

Development

January 2018

BASF

BASF developed flexible polyurethane integral foam that is used to produce lightweight engine coverings with the one-shot process. The soft cover made from Elastofoam I 4603, is manufactured by the Austrian company, Polytec Car Styling, and is installed in various car models with petrol engines of the Swedish automobile manufacturer, Volvo.

October 2016

DowDuPont

DowDuPont launched a new range of co-polymers polyols. These products are increasingly adopted by the bedding, automotive, and furniture sectors. This new product launch strategy enabled the company to enhance its existing line of products and expand its customer base.

Mergers, Joint Ventures & Collaborations, January 2013-March 2018

Date

Company Name

Development

January 2016

Woodbridge Foam Corporation

Woodbridge Foam Corporation entered into a joint venture with Guangzhou Automobile Group Component Company (China) to develop molded polyurethane foams for automotive seat cushioning and head restraints.

October 2014

Tosoh Corporation

Tosoh Corporation merged with its Tokyo-based wholly-owned subsidiary, Nippon Polyurethane Industry Co., Ltd., which engages in the manufacturing, processing, and sale of polyurethane raw materials. This merger enabled Tosoh Corporation to expand its presence in the polyurethane foam market.

New Product Developments, January 2013-March 2018

Date

Company Name

Development

July 2016

Recticel

Recticel utilized Covestro’s (Germany) innovative CO2-based cardyon polyol for use in its flexible polyurethane foam products. This polyol is used in foams, which are preferred for the development of furniture and mattresses. The new product development strategy enabled the company to widen its customer base in the polyurethane foam market.

October 2015

Huntsman Corporation

Huntsman Corporation launched a new TEROL 649 aromatic polyester polyol. This product has enhanced solubility, improved fire performance, compatibility with new blowing agents, and flame-retardant features. It is used to develop rigid foam systems and spray polyurethane foam. This development strategy enabled the company to enhance its portfolio of polyurethane foam products.

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