The global polyurethane foam market was valued at USD 54.21 billion in 2018 and is expected to reach USD 86.21 billion in 2026, growing at a CAGR of 6.1% during the forecast period.
Polyurethane foam market is growing due to various factors such as the growing application of polyurethane foam in building insulation for the conservation of energy. According to the Associated General Contractors (AGC) of America, the construction industry is a major contributor to the US economy. The industry has more than 680,000 employers with over 7 million employees and creates nearly $1.3 trillion worth of structures each year in the US. Moreover, rapid urbanization across emerging countries is further supporting to drive the growth of the construction sector. SPF is one of the fastest-growing building insulation products across the countries as it can support to reduce energy consumption in existing and new buildings.
Polyurethane Foam Market Segmentation |
|
| By Type | 1. Flexible Foams |
| 2. Rigid Foams | |
| 3. Spray Foams | |
| By End-user | 1. Building & Construction |
| 2. Bedding & Furniture | |
| 3. Electronics | |
| 4. Automotive | |
| 5. Footwear | |
| 6. Packaging | |
| 7. Others | |
| By Region | 1. North America (US and Canada) |
| 2. Europe (UK, Germany, France and Rest of Europe) | |
| 3. Asia Pacific (China, Japan, India and Rest of Asia Pacific) | |
| 4. Latin America (Brazil, Mexico and Rest of Latin America) | |
| 5. Middle East & Africa (GCC and Rest of Middle East & Africa) | |
As per the US Department of Energy, in 2018, the residential and commercial buildings accounted for nearly 40% of the total US energy consumption, which occurs primarily due to air filtration. SPF acts as both, an air-sealing product and insulation material. The utility cost savings of up to 50% can be achieved by using SPF as an insulation material in buildings. As the government is investing in energy-efficient buildings, the demand for polyurethane foam is anticipated to grow significantly in the construction industry. For instance, in January 2018, the Government of Canada declared a $182-million investment for increasing energy efficiency and address climate change by improving the designing, renovation, and construction of homes and buildings. As a result, polyurethane foam enhances the entire building structure to offer durability, energy efficiency, sustainability, and improved occupant comfort.
Global Polyurethane Foam Market Size, 2016-2026, (US$ Bn)
The flexible foams segment expected to have the largest market share in the polyurethane foam market
Based on type, the global polyurethane foam market has been segmented into flexible foams, rigid foams, and spray foams. The flexible foams segment is projected to have the largest market share of 45% in the global market owing to rising application of polyurethane foam in automotive construction, and electronics industries. These are mostly in the form of flexible foam for use in home furnishings, such as bedding and matrices and furniture. As a cushioning material for upholstered furniture, flexible polyurethane foam enables to make furniture more comfortable, supportive and durable
Based on end-user, the automotive segment is the fastest growing during the forecast period
Based on end-user, the market has been segmented into building & construction, bedding & furniture, electronics, automotive, footwear, packaging, and others application. The automotive segment is projected to have fastest growth of around 9.1% during the forecast period. The market growth mainly is driven by the increasing application of polyurethane foam in interiors and other components. Polyurethane foam application in electric vehicles enables to lower the environmental impact of cars and minimizes vehicle weight. This improves the efficiency of vehicles and lowers level of emission. As a result, companies are introducing polyurethane materials for electric vehicles
Asia-Pacific to dominate the polyurethane foam market throughout the forecast period
Asia-Pacific accounted for nearly 32% share of the global polyurethane foam market in 2018 and is expected to dominate the market throughout the forecast period followed by North America and Europe. Factors that are contributing significantly in the market growth owing to rapid growth in the construction industry coupled with the rising focus on green building initiatives in the region. For instance, in China, as the national Five Year Plan is cascaded to provincial and municipal jurisdictions, nearly 20 cities have set highly ambitious targets. A few of them includes Changde, Zhenjiang, Zibo, Wuxi, and Suzhou, Shanghai, Beijing, Shenzhen, and Chongqing. These cities will emphasize on all new commercial buildings to be green buildings (according to the World Economic Forum). This, in turn, will likely to offer significant opportunity for market growth.
Company Profiles and Competitive Intelligence:
The major players operating in the global polyurethane foam market are BASF SE (Germany), Covestro (Germany), Dowdupont (US), and Huntsman Corporation (US), Sekisui Chemical Co. Ltd. (Japan), Denko Corporation (Japan), Armacell(Germany), Chemtura Corporation(US), Compagnie De Saint-Gobain S.A.,(France) and others.
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Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global Polyurethane Foam Market, 2016-2026, (USD Million)
1.2. Market Snapshot: Global Polyurethane Foam Market
1.3. Market Dynamics
1.4. Global Polyurethane Foam Market, by Segment, 2018
1.4.1. Global Polyurethane Foam Market, by Type, 2018, (USD Million)
1.4.2. Global Polyurethane Foam Market, by End-User, 2018, (USD Million)
1.4.3. Global Polyurethane Foam Market, by Region, 2018 (USD Million)
1.5. Premium Insights
1.5.1. Polyurethane Foam Market in Developed Vs. Developing Economies, 2018 vs 2026
1.5.2. Global Polyurethane Foam Market: Regional Life Cycle Analysis
Chapter 2 Market Dynamics
2.1. Market Overview
2.2. Market Drivers
2.2.1. Growing End-User Industries in Emerging Economies
2.2.2. High Demand in Building Insulation for Energy Conservation
2.2.3. Better Physical Properties and Versatility
2.3. Market Restraints
2.3.1. Stringent Environmental Regulations on the Use of Flexible Polyurethane Foam
2.3.2. Unstable price of raw materials
2.4. Market Opportunities
2.4.1. Production of Bio-Based Polyols
2.5. Industry Value Chain Analysis
2.6. Pricing Analysis
2.7. Porter’s Five Forces Analysis
Chapter 3 Global Polyurethane Foam Market, by Type
3.1. Market Overview, by Type
3.1.1. Global Polyurethane Foam Market, by Type, 2016-2026 (USD Million)
3.1.2. Incremental Opportunity, by Type, 2018
3.2. Flexible Foams
3.2.1. Global Polyurethane Foam Market, by Flexible Foams, 2016-2026, (USD Million)
3.3. Rigid Foams
3.3.1. Global Polyurethane Foam Market, by Rigid Foams, 2016-2026, (USD Million)
3.4. Spray Foams
3.4.1. Global Polyurethane Foam Market, by Spray Foams, 2016-2026, (USD Million)
Chapter 4 Global Polyurethane Foam Market, by End-User
4.1. Market Overview, by End-User
4.1.1. Global Polyurethane Foam Market, by End-User, 2016-2026 (USD Million)
4.1.2. Incremental Opportunity, by End-User, 2018
4.2. Building & Construction
4.2.1. Global Polyurethane Foam Market, by Building & Construction, 2016-2026, (USD Million)
4.3. Bedding & Furniture
4.3.1. Global Polyurethane Foam Market, by Bedding & Furniture, 2016-2026, (USD Million)
4.4. Electronics
4.4.1. Global Polyurethane Foam Market, by Electronics, 2016-2026, (USD Million)
4.5. Automotive
4.5.1. Global Polyurethane Foam Market, by Automotive, 2016-2026, (USD Million)
4.6. Footwear
4.6.1. Global Polyurethane Foam Market, by Footwear, 2016-2026, (USD Million)
4.7. Packaging
4.7.1. Global Polyurethane Foam Market, by Packaging, 2016-2026, (USD Million)
4.8. Others
4.8.1. Global Polyurethane Foam Market, by Others, 2016-2026, (USD Million)
Chapter 5 Global Polyurethane Foam Market, by Region
5.1. Market Overview, by Region
5.1.1. Global Polyurethane Foam Market, by Region, 2016-2026, (USD Million)
5.2. Attractive Investment Opportunity, by Region, 2018
5.3. North America Polyurethane Foam Market
5.3.1. North America Polyurethane Foam Market, by Type, 2016-2026 (USD Million)
5.3.2. North America Polyurethane Foam Market, by End-User, 2016-2026 (USD Million)
5.3.3. United States Polyurethane Foam Market, 2016-2026 (USD Million)
5.3.4. Canada Polyurethane Foam Market, 2016-2026 (USD Million)
5.4. Europe Polyurethane Foam Market
5.4.1. Europe Polyurethane Foam Market, by Type, 2016-2026 (USD Million)
5.4.2. Europe Polyurethane Foam Market, by End-User, 2016-2026 (USD Million)
5.4.3. United Kingdom Polyurethane Foam Market, 2016-2026 (USD Million)
5.4.4. Germany Polyurethane Foam Market, 2016-2026 (USD Million)
5.4.5. France Polyurethane Foam Market, 2016-2026 (USD Million)
5.4.6. Rest of Europe Polyurethane Foam Market, 2016-2026 (USD Million)
5.5. Asia Pacific Polyurethane Foam Market
5.5.1. Asia Pacific Polyurethane Foam Market, by Type, 2016-2026 (USD Million)
5.5.2. Asia Pacific Polyurethane Foam Market, by End-User, 2016-2026 (USD Million)
5.5.3. China Polyurethane Foam Market, 2016-2026 (USD Million)
5.5.4. Japan Polyurethane Foam Market, 2016-2026 (USD Million)
5.5.5. India Polyurethane Foam Market, 2016-2026 (USD Million)
5.5.6. Rest of Asia Pacific Polyurethane Foam Market, 2016-2026 (USD Million)
5.6. Latin America Polyurethane Foam Market
5.6.1. Latin America Polyurethane Foam Market, by Type, 2016-2026 (USD Million)
5.6.2. Latin America Polyurethane Foam Market, by End-User, 2016-2026 (USD Million)
5.6.3. Brazil Polyurethane Foam Market, 2016-2026 (USD Million)
5.6.4. Mexico Polyurethane Foam Market, 2016-2026 (USD Million)
5.6.5. Rest of Latin America Polyurethane Foam Market, 2016-2026 (USD Million)
5.7. Middle East & Africa Polyurethane Foam Market
5.7.1. Middle East & Africa Polyurethane Foam Market, by Type, 2016-2026 (USD Million)
5.7.2. Middle East & Africa Polyurethane Foam Market, by End-User, 2016-2026 (USD Million)
5.7.3. GCC Polyurethane Foam Market, 2016-2026 (USD Million)
5.7.4. Rest of Middle East & Africa Polyurethane Foam Market, 2016-2026 (USD Million)
Chapter 6 Competitive Intelligence
6.1. Top 5 Players Comparison
6.2. Market Positioning of Key Players, 2018
6.3. Market Players Mapping
6.3.1. By Type
6.3.2. By End-User
6.3.3. By Region
6.4. Strategies Adopted by Key Market Players
6.5. Recent Developments in the Market
6.5.1. Mergers & Acquisitions, Partnership, New Product Developments
Chapter 7 Company Profiles
7.1. BASF SE
7.1.1. BASF SE Overview
7.1.2. BASF SE Products Portfolio
7.1.3. BASF SE Financial Overview
7.1.4. BASF SE News/Recent Developments
7.2. Covestro AG
7.2.1. Covestro AG Overview
7.2.2. Covestro AG Products Portfolio
7.2.3. Covestro AG Financial Overview
7.2.4. Covestro AG News/Recent Developments
7.3. Dowdupont
7.3.1. Dowdupont Overview
7.3.2. Dowdupont Products Portfolio
7.3.3. Dowdupont Financial Overview
7.3.4. Dowdupont News/Recent Developments
7.4. Sekisui Chemical Co. Ltd.
7.4.1. Sekisui Chemical Co. Ltd. Overview
7.4.2. Sekisui Chemical Co. Ltd. Products Portfolio
7.4.3. Sekisui Chemical Co. Ltd. Financial Overview
7.4.4. Sekisui Chemical Co. Ltd. News/Recent Developments
7.5. Huntsman Corporation
7.5.1. Huntsman Corporation Overview
7.5.2. Huntsman Corporation Products Portfolio
7.5.3. Huntsman Corporation Financial Overview
7.5.4. Huntsman Corporation News/Recent Developments
7.6. Nitto Denko Corporation
7.6.1. Nitto Denko Corporation Overview
7.6.2. Nitto Denko Corporation Products Portfolio
7.6.3. Nitto Denko Corporation Financial Overview
7.6.4. Nitto Denko Corporation News/Recent Developments
7.7. Armacell
7.7.1. Armacell Overview
7.7.2. Armacell Products Portfolio
7.7.3. Armacell Financial Overview
7.7.4. Armacell News/Recent Developments
7.8. Chemtura Corporation
7.8.1. Chemtura Corporation Overview
7.8.2. Chemtura Corporation Products Portfolio
7.8.3. Chemtura Corporation Financial Overview
7.8.4. Chemtura Corporation News/Recent Developments
7.9. Compagnie De Saint-Gobain S.A.
7.9.1. Compagnie De Saint-Gobain S.A. Overview
7.9.2. Compagnie De Saint-Gobain S.A. Products Portfolio
7.9.3. Compagnie De Saint-Gobain S.A. Financial Overview
7.9.4. Compagnie De Saint-Gobain S.A. News/Recent Developments
7.10. Eurofoam Group
7.10.1. Eurofoam Group Overview
7.10.2. Eurofoam Group Products Portfolio
7.10.3. Eurofoam Group Financial Overview
7.10.4. Eurofoam Group News/Recent Developments
Chapter 8 Preface
8.1. Data Triangulation
8.2. Research Methodology
8.2.1. End-User I – Secondary Research
8.2.2. End-User II – Primary Research
8.2.3. End-User III – Expert Panel Review
8.2.4. Approach Adopted
8.2.4.1. Top-Down Approach
8.2.4.2. Bottom-Up Approach
8.2.5. Supply- Demand side
8.2.6. Breakup of the Primary Profiles
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