Polyurethane (PU) Foam Market, By Foam Type (Rigid, Flexible and Spray), By End User (Building & Construction, Furniture, Electronics, Packaging, Automotive, Textile, and Others), By Material Type (Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI), Others), By Distribution Channel (Online, Offline and Third Party), By Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) – Market Size & Forecasting To 2028

The global Polyurethane (PU) Foam market is anticipated to reach USD 39.68 billion in 2028, with a CAGR of 6.0% during the forecast period from 2020 to 2028. Increasing demand for smart homes, growing awareness about energy conservation, growing automotive industry, and superior chemical and mechanical benefits offered by PU compared to other competing materials have made polyurethane foam market a lucrative market. Polyurethane is the most widely used and diverse family of thermosetting polymers that are widely used in a wide range of end-use applications. Polyurethane foam is manufactured by the reaction between polyols and diisocyanates, which are generally derived from crude oil. 

In terms of foam type, the rigid type polyurethane foam segment has captured major market share in 2020 and is anticipated to remain the largest segment till the forecast period 2028. Rigid foams are widely used for noise reduction, and vibration-proof and heat-proof end-use applications in the commercial and industrial construction sector. Rigid foam is widely used in making cooling equipment, freezers, and heating machinery. The increasing demand for these products is, therefore, anticipated to drive the demand for rigid polyurethane foam in the coming years.

In terms of region, the Asia Pacific region has captured nearly 45% of the global polyurethane foam in 2020 and is anticipated to maintain its dominance till the forecast period. The growth of construction activities, government initiatives towards the development of public infrastructure, and growing demand for energy-efficient houses, along with the increasing demand from the automotive industry are contributing to the growth of the polyurethane foam market in the region. The Middle East & Africa region is also exhibiting bright prospects for the polyurethane market among different regions.

What does this Report Provide?

This report provides a detailed understanding of the global polyurethane foam demand from a qualitative and quantitative perspective with a forecast for the next 10 years. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the global polyurethane foam market. The major market drivers, challenges, and opportunities for the global polyurethane foam market have also been covered in the market. This report also includes the market share of the leading companies operating in global polyurethane foam market along with their production capacities and the growth strategies adopted by them.

COVID-19 Impact on Global Polyurethane Foam Market:

The QMI research team has been constantly monitoring the COVID-19 impact on the polyurethane foam market across regions and countries. The imposition of lockdowns in major countries across the globe has caused huge economic loss in terms of spending powers, job loss, closing down of many manufacturing segments, and weak market demand for various products and services across different polyurethane foam applications. Weak vehicle sales, slow construction activities, and poor demand from the electronics and furniture industry have impacted the polyurethane foam demand, mainly in Asia Pacific and Europe regions. All the recent and future developments associated with COVID-19 are considered while analysing market trends and making forecast in this study.

Market Segmentation:

Polyurethane Foam Market, By Foam Type:

  • Rigid
  • Flexible
  • Spray

Polyurethane Foam Market, By End User:

  • Building & Construction
  • Heat Insulation
  • Air Sealing
  • Furniture
  • Electronics
  • Insulations
  • Sealing
  • Packaging
  • Automotive
  • Interior
  • Exterior
  • Others
  • Textile
  • Others

Polyurethane Foam Market, By Raw Material Type:

  • Methylene Diphenyl Diisocyanate (MDI)
  • Toluene Diisocyanate (TDI)
  • Others

Polyurethane Foam Market, By Distribution Channel:

  • Online
  • Offline
  • Third Party

Polyurethane Foam Market, By Region:

North America Polyurethane Foam Market

  • North America, by Country
    • US
    • Canada
    • Mexico
  • North America Polyurethane Foam Market, by Foam Type
  • North America Polyurethane Foam Market, by End User
  • North America Polyurethane Foam Market, by Raw Material Type
  • North America Polyurethane Foam Market, by Distribution Channel

Europe Polyurethane Foam Market

  • Europe, by Country
    • Germany
    • Russia
    • UK
    • France
    • Italy
    • Spain
    • The Netherlands
    • Rest of Europe 
  • Europe Polyurethane Foam Market, by Foam Type
  • Europe Polyurethane Foam Market, by End User
  • Europe Polyurethane Foam Market, by Raw Material Type
  • Europe Polyurethane Foam Market, by Distribution Channel

Asia Pacific Polyurethane Foam Market

  • Asia Pacific, by Country
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Rest of Asia Pacific 
  • Asia Pacific Polyurethane Foam Market, by Foam Type
  • Asia Pacific Polyurethane Foam Market, by End User
  • Asia Pacific Polyurethane Foam Market, by Raw Material Type
  • Asia Pacific Polyurethane Foam Market, by Distribution Channel

Middle East & Africa Polyurethane Foam Market

  • Middle East & Africa, by Country 
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
  • Middle East & Africa Polyurethane Foam Market, by Foam Type
  • Middle East & Africa Polyurethane Foam Market, by End User
  • Middle East & Africa Polyurethane Foam Market, by Raw Material Type
  • Middle East & Africa Polyurethane Foam Market, by Distribution Channel

South America Polyurethane Foam Market

  • South America, by Country 
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • South America Polyurethane Foam Market, by Foam Type
  • South America Polyurethane Foam Market, by End User
  • South America Polyurethane Foam Market, by Raw Material Type
  • South America Polyurethane Foam Market, by Distribution Channel

Major Companies: BASF SE, Bayer AG, Huntsman Corporation, Sekisui Chemical Co., Ltd., DowDuPont, Recticel NV, Foamcraft, Inc., Tosoh Corporation, LANXESS, Wanhua Chemical Group Co., Ltd., Nitto Denko Corporation, Eurofoam Group, Future Foam Inc., Trelleborg, Sheela Foam Ltd., Woodbridge, and Others.

Objectives of this Report:

  • To estimate the market size for polyurethane foam market on a regional and global basis.
  • COVID-19 impact analysis across regions, along with a demand scenario analysis and future strategies adopted by the manufacturers and end users
  • To identify major segments in the polyurethane foam market and evaluate their market shares and demand.
  • In-depth pricing analysis and identification of the factors that impact polyurethane foam pricing
  • Raw material demand and supply analysis
  • Patent analysis across the regions
  • To provide a competitive scenario for the polyurethane foam market with major developments observed by key companies in the historic years.
  • To evaluate the key factors governing the dynamics of polyurethane foam market with their potential gravity during the forecast period.

Customization:

This study is customized to meet your specific requirements:

  • By sub-segment
  • By client specific country, end user, and foam type
  • Potential customer cluster analysis
  • Product specific competitive analysis


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