세계의 폴리우레탄 폼 시장 : 규모, 점유율, 성장 분석, 제품 유형별, 밀도별, 용도별, 최종 이용 산업별, 지역별 - 산업 예측(2024-2031년)

Global Polyurethane Foam Market size was valued at USD 46.48 billion in 2022 and is poised to grow from USD 49.50 billion in 2023 to USD 81.92 billion by 2031, growing at a CAGR of 6.50% during the forecast period (2024-2031).

Polyurethane foam, a widely utilized polymer, comes in two primary forms: rigid and flexible. Rigid polyurethane foams are primarily employed for insulation in refrigeration and construction, known for their energy efficiency and cost-saving capabilities, while flexible foams serve as cushioning in packaging, furniture, bedding, and transportation. The product boasts significant environmental advantages, including high recyclability and clean incineration processes that minimize pollutants, thereby promoting sustainability. However, there's rising concern among governments regarding the health risks associated with isocyanates in polyurethane production. The automotive industry is a key growth driver, with increased demand for components like dashboards, armrests, and airbags. The strengthening economies and positive demographic trends in Southeast Asian nations such as India, Vietnam, Indonesia, and Thailand are expected to further boost demand. Additionally, the superior insulation properties of polyurethane foams make them ideal for new construction, enhancing temperature control and reducing noise levels, which complements the surge in construction spending in these regions. The growth of the industrial sector and urbanization in countries like India, Indonesia, Korea, UAE, and Qatar will support further market expansion. Furthermore, governmental initiatives, including tax incentives and subsidies to encourage manufacturing, particularly in China and India, are likely to enhance the adoption of bio-based polyurethanes, paving the way for a sustainable transition away from conventional polymers. Overall, the polyurethane foam market is poised for significant growth driven by technological advancements, economic developments, and environmental regulations.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Polyurethane Foam market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Polyurethane Foam Market Segmental Analysis

Global Polyurethane Foam Market is segmented by product type, density, application, end use industry and region. Based on product type, the market is segmented into rigid foam, flexible foam, spray foam. Based on density, the market is segmented into high density, medium density, low density. Based on application, the market is segmented into sound insulation, heat insulation, electricity installations, industrial roof insulation, sports equipment, automotive interior. Based on end use industry, the market is segmented into furniture and bedding, construction, electronics, packaging, footwear, automotive, others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Global Polyurethane Foam Market

The polyurethane foam market is driven by its versatility and cost-effectiveness, particularly in the construction sector, where it serves various applications including insulation, adhesives, sealants, and binders. Renowned for its flexibility, polyurethane foam significantly reduces energy consumption in buildings, thereby lowering overall infrastructural costs. Architects leverage these foams to enhance insulation, which diminishes reliance on gas, oil, and electricity, leading to a rising demand for their use in building projects. As the home furnishing industry continues to grow, the demand for polyurethane foams in applications ranging from wall insulation to flooring is expected to increase. Manufacturers are also focusing on sustainable practices to address concerns about fossil fuels and plastic usage.

Restraints in the Global Polyurethane Foam Market

The global polyurethane foam market faces significant challenges primarily due to stringent environmental regulations established by the US Environmental Protection Agency (EPA) impacting both new and existing manufacturing sites. These regulations create hurdles for companies involved in the production of flexible polyurethane foam. Additionally, the rising costs of essential raw materials, including toluene diisocyanate, methyl di-p-phenylene, and polymeric isocyanate, contribute to higher overall production expenses. These two factors create a complex landscape for manufacturers, complicating their ability to manage production costs and comply with environmental standards, ultimately restraining the growth of the polyurethane foam market.

Market Trends of the Global Polyurethane Foam Market

The Global Polyurethane Foam market is witnessing a significant shift towards sustainability, driven by increasing environmental concerns and regulatory pressures. Manufacturers are increasingly adopting bio-derived materials, particularly soy-based polyols, as sustainable alternatives to conventional petroleum-based polyols. This trend not only addresses the ecological impact of fossil fuels and plastic waste but also enhances cost-effectiveness in production processes. The growing emphasis on reducing raw material dependency is expected to shape a more eco-friendly market landscape. As consumer demand for sustainable products rises, innovators in the polyurethane foam sector are aligning their offerings with environmentally responsible practices, positioning themselves competitively in a rapidly evolving market.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• PESTEL Analysis
• Macro-Economic Indicators
• Market Attractiveness Index
• Pricing Analysis
• Patent Analysis
• Regulatory Analysis
• Raw Material Analysis

Global Polyurethane Foam Market Size by Product Type & CAGR (2024-2031)

• Market Overview
• Rigid Foam
• Flexible Foam
• Spray Foam

Global Polyurethane Foam Market Size by Density & CAGR (2024-2031)

• Market Overview
• High Density
• Medium Density
• Low Density

Global Polyurethane Foam Market Size by Application & CAGR (2024-2031)

• Market Overview
• Sound Insulation
• Heat Insulation
• Electricity Installations
• Industrial Roof Insulation
• Sports Equipment
• Automotive Interior

Global Polyurethane Foam Market Size by End User Industry & CAGR (2024-2031)

• Market Overview
• Furniture and bedding
• Construction
• Electronics
• Packaging
• Footwear
• Automotive
• Others

Global Polyurethane Foam Market Size & CAGR (2024-2031)

• North America, (Product Type, Density, Application, End User Industry)
  • US
  • Canada
• Europe, (Product Type, Density, Application, End User Industry)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (Product Type, Density, Application, End User Industry)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (Product Type, Density, Application, End User Industry)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (Product Type, Density, Application, End User Industry)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• BASF SE (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Huntsman Corporation (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Dow (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Covestro AG (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Saint-Gobain (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Wanhua Chemical Group Co., Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Recticel NV/SA (Belgium)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Rogers Corporation (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Sekisui Chemical Co., Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Trelleborg AB (Sweden)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Lanxess (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• DuPont (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Inoac Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Armacell (Luxembourg)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• UFP Technologies, Inc. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Future Foam, Inc. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• FXI (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Woodbridge Foam Corporation (Canada)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Neveon Holding GmbH (Austria)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Foamcraft, Inc. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation