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Polyurethane (PU) Foam Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global polyurethane (PU) foam market reached a value of US$ 34.61 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 6.81% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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, along with forecasts at the global, regional and country level from 2021-2026. 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., etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Structure, Product Type, Density, End-Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Polyurethane (PU) Foam Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Structure
    6.1    Open Cell
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Closed Cell
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Product Type
    7.1    Flexible Foam
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Rigid Foam
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Spray Foam
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Density 
    8.1    Low Density
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Medium Density
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    High Density
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by End-Use Industry
    9.1    Bedding and Furniture
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Building and Construction
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Electronics
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Automotive
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Packaging
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Footwear
        9.6.1 Market Trends
        9.6.2 Market Forecast
    9.7    Others
        9.7.1 Market Trends
        9.7.2 Market Forecast
10    Market Breakup by Region
    10.1    North 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
    10.2    Asia 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
    10.3    Europe
        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
    10.4    Latin 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
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Indicators
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    BASF SE 
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio 
           15.3.1.3 Financials 
           15.3.1.4 SWOT Analysis
        15.3.2    Covestro AG
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials 
           15.3.2.4 SWOT Analysis
        15.3.3    Foamcraft Inc.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
        15.3.4    Future Foam Inc.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
        15.3.5    Huntsman 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
        15.3.6    Recticel NV/SA
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio 
           15.3.6.3 Financials 
        15.3.7    Rogers Corporation
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio 
           15.3.7.3 Financials 
        15.3.8    Saint-Gobain S.A.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio 
           15.3.8.3 Financials
        15.3.9    Sekisui Chemical Co. Ltd.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio 
           15.3.9.3 Financials
        15.3.10    The Dow Chemical Company
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
        15.3.11    Tosoh Corporation
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio 
           15.3.11.3 Financials 
           15.3.11.4 SWOT Analysis
        15.3.12    UFP Technologies Inc.
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio 
           15.3.12.3 Financials 
        15.3.13    Wanhua 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

List of Figures

Figure 1: Global: Polyurethane Foam Market: Major Drivers and Challenges
Figure 2: Global: Polyurethane Foam Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Polyurethane Foam Market: Breakup by Structure (in %), 2020
Figure 4: Global: Polyurethane Foam Market: Breakup by Product Type (in %), 2020
Figure 5: Global: Polyurethane Foam Market: Breakup by Density (in %), 2020
Figure 6: Global: Polyurethane Foam Market: Breakup by End-Use Industry (in %), 2020
Figure 7: Global: Polyurethane Foam Market: Breakup by Region (in %), 2020
Figure 8: Global: Polyurethane Foam Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 9: Global: Polyurethane Foam (Open Cell) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Polyurethane Foam (Open Cell) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Polyurethane Foam (Closed Cell) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Polyurethane Foam (Closed Cell) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Polyurethane Foam (Flexible Foam) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Polyurethane Foam (Flexible Foam) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Polyurethane Foam (Rigid Foam) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Polyurethane Foam (Rigid Foam) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Polyurethane Foam (Spray Foam) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Polyurethane Foam (Spray Foam) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Polyurethane Foam (Low Density) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Polyurethane Foam (Low Density) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Polyurethane Foam (Medium Density) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Polyurethane Foam (Medium Density) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Polyurethane Foam (High Density) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Polyurethane Foam (High Density) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Polyurethane Foam (Bedding and Furniture) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Polyurethane Foam (Bedding and Furniture) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Polyurethane Foam (Building and Construction) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Polyurethane Foam (Building and Construction) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Polyurethane Foam (Electronics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Polyurethane Foam (Electronics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Polyurethane Foam (Automotive) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Polyurethane Foam (Automotive) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Polyurethane Foam (Packaging) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Global: Polyurethane Foam (Packaging) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Global: Polyurethane Foam (Footwear) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Global: Polyurethane Foam (Footwear) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Global: Polyurethane Foam (Other Industries) Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Global: Polyurethane Foam (Other Industries) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: North America: Polyurethane Foam Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: North America: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: United States: Polyurethane Foam Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: United States: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Canada: Polyurethane Foam Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Canada: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Asia Pacific: Polyurethane Foam Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Asia Pacific: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: China: Polyurethane Foam Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: China: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Japan: Polyurethane Foam Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Japan: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: India: Polyurethane Foam Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: India: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: South Korea: Polyurethane Foam Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: South Korea: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Australia: Polyurethane Foam Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Australia: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Indonesia: Polyurethane Foam Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Indonesia: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Others: Polyurethane Foam Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Others: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Europe: Polyurethane Foam Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Europe: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Germany: Polyurethane Foam Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Germany: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: France: Polyurethane Foam Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: France: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: United Kingdom: Polyurethane Foam Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: United Kingdom: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Italy: Polyurethane Foam Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Italy: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Spain: Polyurethane Foam Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Spain: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Russia: Polyurethane Foam Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Russia: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Others: Polyurethane Foam Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Others: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Latin America: Polyurethane Foam Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Latin America: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Brazil: Polyurethane Foam Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: Brazil: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Mexico: Polyurethane Foam Market: Sales Value (in Million US$), 2015 & 2020
Figure 82: Mexico: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 83: Others: Polyurethane Foam Market: Sales Value (in Million US$), 2015 & 2020
Figure 84: Others: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 85: Middle East and Africa: Polyurethane Foam Market: Sales Value (in Million US$), 2015 & 2020
Figure 86: Middle East and Africa: Polyurethane Foam Market Forecast: Sales Value (in Million US$), 2021-2026
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: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Polyurethane Foam Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Polyurethane Foam Market Forecast: Breakup by Structure (in Million US$), 2021-2026
Table 3: Global: Polyurethane Foam Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 4: Global: Polyurethane Foam Market Forecast: Breakup by Density (in Million US$), 2021-2026
Table 5: Global: Polyurethane Foam Market Forecast: Breakup by End-Use Industry (in Million US$), 2021-2026
Table 6: Global: Polyurethane Foam Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Polyurethane Foam Market Structure
Table 8: Global: Polyurethane Foam Market: Key Players

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Key Question Answered in this Report

We expect the global polyurethane (PU) foam market to exhibit a CAGR of 6.81% during 2021-2026.

Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary halt in numerous construction activities, thereby negatively impacting the market for PU foam.

Significant growth in the construction industry, along with the rising adoption of flexible and semi-rigid polyurethane foams for coatings, paints, and adhesives in residential and commercial complexes, are currently driving the global polyurethane (PU) foam market.

Based on the product type, the market has been bifurcated into flexible foam, rigid foam, and spray foam. Currently, flexible foam holds the majority of the total market share.

Based on the end-use industry, the market has been divided into bedding and furniture, building and construction, electronics, automotive, packaging, footwear, and others. The bedding and furniture industry currently exhibits a clear dominance in the market.

On a regional level, the market has been segmented into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.

Some of the major players in the global polyurethane (PU) foam market include 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., Wanhua Chemical Group Co. Ltd., etc.

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