폴리우레탄(PU) 폼 시장 보고서 : 구조, 제품 유형, 밀도, 최종 이용 산업, 지역별(2025-2033년)

The global polyurethane (PU) foam market size reached USD 55.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 89.8 Billion by 2033, exhibiting a growth rate (CAGR) of 5.57% during 2025-2033. Asia-Pacific currently dominates the market, driven by rapid industrial growth and high demand from the automotive and consumer goods sectors. The expanding construction industry, along with the introduction of bio-based polyols, is primarily driving the market demand. Further, the development of chemical and mechanical recycling methods to break down foam waste into reusable raw materials is opportunistic for market growth.

The market is experiencing significant growth due to the increasing reliance on online retail, which has created a steady need for reliable and protective packaging solutions where PU foam plays a crucial role in safeguarding products during transit. The healthcare industry is also contributing to the market expansion through its use of PU foam in medical devices, hospital bedding, orthotics, and wound care products, because of the foam's softness, durability, and comfort. In addition, the growing demand for energy-efficient appliances, such as refrigerators and freezers, is supporting the utilization of rigid PU foam for insulation, reducing energy usage and meeting sustainability goals. Technological innovation continues to enhance the performance and application of PU foams, including developments in lightweight, flame-retardant, and low-emission variants. There is also increasing interest in sustainable and bio-based PU foams as environmental regulations are tightening and user preferences are shifting towards eco-friendly materials.

Polyurethane (PU) Foam Market Trends:

Increasing construction activities

Rising building construction activities are fueling the market growth. As per the IMACR Group, the global buildings construction market size reached USD 6.8 Trillion in 2024. PU foam, especially in its rigid form, is widely utilized for insulation in walls, roofs, and floors, offering excellent thermal performance and reducing energy usage in residential and commercial buildings. As urbanization activities are accelerating, the demand for smart, eco-friendly, and energy-efficient construction is growing, promoting the employment of PU foams in both new projects and renovations. Additionally, the foam's lightweight, moisture-resistant, and sound-insulating properties make it a preferred material for sustainable building solutions. Government agencies and developers are also prioritizing green building standards, further boosting PU foam adoption.

Rising vehicle production

Increasing vehicle production is a major driver of the market, as the automotive industry relies heavily on PU foams for enhancing comfort, safety, and fuel efficiency. As per industry reports, in 2024, new light vehicle sales in the US reached 16.1 Million units, with 61% produced domestically. PU foams are extensively used in car seats, headrests, armrests, door panels, and roof liners due to their lightweight, cushioning, and noise-reducing properties. As the demand for vehicles is increasing, especially in developing regions, manufacturers are incorporating more PU foams to meet user expectations for comfort and interior quality. Additionally, the shift towards electric vehicles (EVs) is encouraging the use of PU foams to reduce overall weight and improve energy optimization. The material's ability to absorb impact also enhances passenger safety, making it a valuable component in modern vehicle design.

Thriving furniture industry

As the demand for stylish, ergonomic, and comfortable furniture is rising, particularly in residential, commercial, and hospitality sectors, manufacturers continue to rely on flexible PU foams for their softness, durability, and ease of customization. The growing urbanization activities, increasing disposable incomes, and shifting user preferences towards modern, space-saving, and multi-functional furniture are further boosting PU foam utilization. Additionally, the rise of online furniture retailing and modular furniture trends is creating the need for high-quality foam materials. PU foam's versatility in density, thickness, and shapes allows it to meet diverse furniture requirements, making it indispensable to the industry's growth. As per the IBEF, the Indian furniture market is set to expand at a CAGR of 10.9% to attain USD 32.7 Billion by 2026.

Key Growth Drivers of Polyurethane (PU) Foam Market:

Broadening of e-commerce portals

The expansion of e-commerce portals is propelling the market growth. PU foam, known for its excellent shock absorption, lightweight nature, and flexibility, is widely used to safeguard electronics, fragile items, and high-value products during shipping. As online shopping is becoming more prevalent across sectors, such as electronics, home goods, and cosmetics, the need for efficient and reliable packaging is increasing substantially. PU foam's ability to be molded or cut into various shapes makes it ideal for customized packaging solutions that fit diverse product types. Additionally, the rise in return shipments and the need for reusable packaging materials are supporting PU foam adoption. With e-commerce continuing to surge globally, especially in developing regions, the demand for PU foams in packaging applications is expected to rise steadily.

Advancements in foam technology

Advancements in foam technology are enhancing the performance, versatility, and sustainability of PU foam products. Innovations in formulation have led to the development of foams with improved thermal insulation, flame resistance, and durability, making them suitable for more demanding applications in construction, automotive, and electronics. Technological progress has also enabled the creation of eco-friendly PU foams, addressing environmental concerns and aligning with green building standards. Additionally, advancements in manufacturing processes allow greater precision, customization, and material efficiency, reducing waste and production costs. Smart foams with properties like shape memory and self-healing are also gaining interest in niche markets. These continuous improvements are expanding PU foam's capabilities and opening new application areas, thereby strengthening its position across various industries.

Rising demand in electronics industry

PU foam is widely used in electronic devices for sealing, vibration dampening, and thermal insulation, helping protect delicate components from shocks, dust, and moisture. As the electronics industry is thriving, particularly in consumer gadgets, appliances, and communication devices, the demand for lightweight, flexible, and durable materials is rising. PU foam's ability to be easily molded and cut to fit complex device geometries makes it ideal for various electronic assemblies. Additionally, the miniaturization of devices and increased sensitivity of components further highlight the need for high-performance protective materials. With continued innovations and production in the consumer electronics industry, PU foam remains a crucial material supporting item safety, longevity, and performance in this rapidly growing market.

Global Polyurethane (PU) Foam Industry Segmentation:

Breakup by Structure:

• Open Cell
• Closed Cell

Open cell PU foam, known for its softer and more flexible nature, is widely utilized in acoustic insulation, furniture, bedding, and packaging due to its excellent sound absorption and cushioning properties. In contrast, closed cell PU foam, which is denser and more rigid, excels in thermal insulation, buoyancy applications, and automotive uses owing to its superior thermal insulation, moisture resistance, and buoyancy. The polyurethane foam price trends are influenced by the increasing construction activities, the escalating demand for energy-efficient buildings, and the growth of the automotive sector.

Breakup by Product Type:

• Flexible Foam
• Rigid Foam
• Spray Foam

Currently, rigid foam holds the largest polyurethane (PU) foam market share

Rigid PU foam, characterized by its high insulation properties and structural integrity, continues to see significant advancements and product launches. Recently, several key players in the industry have introduced innovative rigid PU foam products aimed at enhancing energy efficiency and sustainability in construction and industrial applications. For instance, BASF launched a new line of rigid PU foam panels designed for superior thermal insulation in building envelopes, significantly reducing energy consumption. These product launches not only highlight the ongoing innovation within the rigid PU foam segment but also underscore the market's response to increasing regulatory pressures and consumer demand for greener, more efficient building materials.

Breakup by Density:

• Low Density
• Medium Density
• High Density

Among these, low density account for the largest polyurethane (PU) foam market value

Low density PU foam represented the largest segmentation in the market due to its extensive range of applications and cost-effectiveness. Its lower material usage results in significant cost savings, making it an attractive choice for manufacturers. This type of foam is widely used in the furniture and bedding industry for cushions and mattresses, where comfort and breathability are crucial. Additionally, its excellent sound absorption properties make it ideal for acoustic insulation in buildings and vehicles. The lightweight nature also contributes to its popularity in packaging applications, providing adequate protection while reducing shipping costs. As per the polyurethane (PU) foam market overview, these versatile applications, combined with economic advantages, will continue to fuel dominance in the coming years.

Breakup by End-Use Industry:

• Bedding and Furniture
• Building and Construction
• Electronics
• Automotive
• Packaging
• Footwear
• Others

Building and construction account for the majority of the total market share

The building and construction sector represented the largest segmentation in the market due to the material's exceptional insulating properties, which are crucial for enhancing energy efficiency in buildings. Rigid PU foam is extensively used in insulation panels, roofing, and wall systems, providing superior thermal resistance that significantly reduces energy consumption and utility costs. The increasing emphasis on green building practices and stringent energy efficiency regulations have further fueled the demand for PU foam in construction. Moreover, PU foam's lightweight nature and ease of installation make it a preferred choice for builders seeking to improve structural integrity and reduce construction time. The rapid urbanization and growing infrastructure projects globally have also contributed to the dominance of the building and construction sector in the polyurethane (PU) foam market segmentation. For example, in May 2024, Cannon Afros, part of the Cannon Group, launched the LIFE VICORPAN Project for the thermal insulation of domestic and commercial refrigerators using polyurethane (PU) resin-based formulations.

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

Asia Pacific currently dominates the market

The polyurethane (PU) foam market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.

The Asia Pacific polyurethane (PU) foam market is experiencing significant growth, driven by rapid industrialization, urbanization, and a booming construction sector across the region. Countries like China, India, and Japan are at the forefront, with increasing demand for PU foam in various applications, such as building insulation, automotive interiors, furniture, and packaging. The market is further bolstered by the presence of numerous local and international manufacturers who are investing in advanced production technologies and sustainable practices. These factors, combined with supportive government policies promoting energy efficiency and sustainable development, are propelling the growth of the polyurethane (PU) foam market statistics in Asia Pacific. For instance, in May 2024, Media Fusion and Crain Communications announced India's first sustainable Polyurethane and Foam Expo Show at NESCO, Bombay Exhibition Center, to bring together manufacturers and producers of PU materials, products, and technologies.

Competitive Landscape:

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major polyurethane (PU) foam companies have also been provided. Some of the key players in the 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.

Key Questions Answered in This Report

• 1.What was the size of the global polyurethane (PU) foam market in 2024?
• 2.What is the expected growth rate of the global polyurethane (PU) foam market during 2025-2033?
• 3.What are the key factors driving the global polyurethane (PU) foam market?
• 4.What has been the impact of COVID-19 on the global polyurethane (PU) foam market?
• 5.What is the breakup of the global polyurethane (PU) foam market based on the product type?
• 6.What is the breakup of the global polyurethane (PU) foam market based on the density?
• 7.What is the breakup of the global polyurethane (PU) foam market based on the end-use industry?
• 8.What are the key regions in the global polyurethane (PU) foam market?
• 9.Who are the key players/companies in the global polyurethane (PU) foam market

Table of Contents

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