Polyurethane Foam Market Summary
As per Market Research Future Analysis, the Global Polyurethane Foam Market was valued at USD 47.11 billion in 2024 and is projected to reach USD 91.99 billion by 2035, growing at a CAGR of 6.27% from 2025 to 2035. The automotive sector's increasing demand for polyurethane foam, particularly for car interiors and insulation, is a significant driver of this growth. Additionally, the rise in bio-based polyol production is enhancing sustainability in the industry. The market faced disruptions during the COVID-19 pandemic, but post-pandemic recovery is evident, especially in the automotive and construction sectors. Key players are focusing on environmentally friendly solutions and innovations to capture market share.
Key Market Trends & Highlights
The polyurethane foam market is witnessing significant growth driven by various trends.
- Automotive sector demand is a major growth driver, with PU foam used in car bodies and interiors.
- Rigid polyurethane foams accounted for 49% of market revenue in 2022, primarily used for insulation.
- Building & Construction applications dominated with a 59% market share in 2022, emphasizing energy efficiency.
- Asia-Pacific region leads the market, driven by growth in electronics and transportation sectors.
Market Size & Forecast
2024 Market Size | USD 47.11 Billion |
2035 Market Size | USD 91.99 Billion |
CAGR (2024-2035) | 6.27% |
Major Players
Key players include LANXESS, NITTO DENKO Corporation, SEKISUI CHEMICAL CO. LTD., Wanhua Chemical Group Co.Ltd, Covestro AG, Tosoh Corporation, BASF SE, Recticel, DowDuPont Inc., Huntsman International LLC, and Trelleborg AG.