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Polyurethane Foam Market by Type, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71741
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The polyurethane (PU) foam market share is expected to increase by 5.44 million tons from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 7.05%.

This polyurethane foam market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers polyurethane foam market segmentation by type (flexible PU foams, rigid PU foams, and molded PU foams), application (furniture and bedding, building and construction, transport, appliances, and others), and geography (APAC, Europe, North America, MEA, and South America). The polyurethane foam market report also offers information on several market vendors, including BASF SE, Covestro AG, Dow Inc., Henkel AG and Co. KGaA, Huntsman Corp., INOAC Corp., Mitsui Chemicals Inc., Recticel NV, Sheela Foam Ltd., and Trelleborg AB among others.

What will the Polyurethane Foam Market Size be During the Forecast Period?

Polyurethane Foam Market Size

Download the Free Report Sample to Unlock the Polyurethane Foam Market Size for the Forecast Period and Other Important Statistics

 

Polyurethane Foam Market: Key Drivers, Trends, and Challenges

The rising demand for PU foams in China is notably driving the PU foam market growth, although factors such as increasing demand for alternatives of PU foams may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the polyurethane foam industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Polyurethane Foam Market Driver

The rising demand for PU foams in China is one of the critical reasons that will drive polyurethane foam market growth in the coming years. In China, PU foams are extensively used in industries like electrical and electronics, construction, consumer goods, healthcare, automotive, sports equipment, and furniture and bedding. This is mainly because of the economic growth of the region along with the growth of the automotive and packaging industries. Moreover, there is also an increase in the number of construction projects across China. This rise in the construction of residential and office towers will subsequently boost the adoption of PU foams in various applications such as insulation, roofing, floor carpets, and sealants, driving the market growth.

Key Polyurethane Foam Market Trend

The increased use of methylal and HFOs as an alternative to HFCs and HCFCs will be a key trend influencing the growth of the polyurethane foam market. Methylal and HFOs are replacing HCFCs and HFCs as blowing agents in the manufacturing of PU foams. These alternatives are effective and have lower GWP content than HFCs and HCFCs. The ban on HCFCs in the US and the emerging countries in Europe will increase the use of methylal in these countries. HFOs are regarded as the next-generation blowing agents and are widely used in the manufacturing of PU foams. HFO-based PU foam blowing agents contain highly fluorinated or chlorinated short-chain, propene or butene-based olefins. Various companies are offering HFO-based PU foam blowing agents, which can be used as replacements for HFCs and HCFCs. 

Key Polyurethane Foam Market Challenge

The increasing demand for alternatives to PU foams will negatively impact the PU foam market during the forecast period. Natural latex, cotton fiber foam, organic wool, plain cotton, short staple polyester fiber, and polystyrene are used as substitutes for PU foams. These products are direct substitutes for PU foams in the market and are available in large quantities. As PU foams possess serious environmental problems such as ozone layer depletion, these alternatives are used as substitutes in various applications such as furniture and bedding, and building and constructions. 

This polyurethane foam market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Polyurethane Foam Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • 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

 

This statistical study of the polyurethane foam market encompasses successful business strategies deployed by the key vendors. The PU foam market is fragmented and the vendors are increasing their capacities to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The polyurethane foam market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Polyurethane Foam Market?

Polyurethane Foam Market Market segmentation by region

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39% of the market's growth will originate from APAC during the forecast period. China and South Korea (Republic of Korea) are the key markets for polyurethane foam in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The increasing construction activities and rising demand for electronic appliances will facilitate the polyurethane foam market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Polyurethane Foam Market?

Polyurethane Foam Market Segmentation

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The polyurethane foam market share growth by the flexible PU foams segment will be significant during the forecast period. Flexible PU foams exhibit properties such as excellent durability and outstanding resilience and are lightweight. These foams are widely used in furniture and bedding, carpet cushioning for diverse industrial applications, automotive seating, and textile laminates. Hence, the increasing applications of flexible PU foams in various industries will drive their demand during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the PU foam market size and actionable market insights on post COVID-19 impact on each segment.

 

Polyurethane Foam Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.05%

Market growth 2021-2025

5.44 mn tons

Market structure

Fragmented

YoY growth (%)

6.56

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 39%

Key consumer countries

China, Germany, US, South Korea (Republic of Korea), and Italy

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

BASF SE, Covestro AG, Dow Inc., Henkel AG and Co. KGaA, Huntsman Corp., INOAC Corp., Mitsui Chemicals Inc., Recticel NV, Sheela Foam Ltd., and Trelleborg AB

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

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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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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

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      Polyurethane Foam market growth will increase by $5.44 million tons during 2020-2025.
      The polyurethane foam market is expected to grow at a CAGR of 7.05% during 2020-2025.
      Technavio has segmented the polyurethane foam market by type (Flexible PU foams, Rigid PU foams, and Molded PU foams) ,application (Furniture and bedding, Building and construction, Transport, Appliances, and Others) , and geographic (APAC, Europe, North America, MEA, and South America).
      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 are a few of the key vendors in the polyurethane foam market.
      APAC will register the highest growth rate of 38.97% among the other regions. Therefore, the polyurethane foam market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • China
      • Germany
      • US
      • South Korea (Republic of Korea)
      • Italy
      The key factors driving the polyurethane foam market growth are:
      • Increasing demand for PU foams in furniture and bedding
      The polyurethane foam market vendors should focus on grabbing business opportunities from the flexible pu foams segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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