세계의 폴리우레탄 폼 시장 예측(-2032년) : 제품별, 원료별, 셀 구조별, 밀도별, 용도별, 최종 사용자별, 지역별 분석

According to Stratistics MRC, the Global Polyurethane Foam Market is accounted for $58.2 billion in 2025 and is expected to reach $103.1 billion by 2032 growing at a CAGR of 8.5% during the forecast period. Polyurethane foam is a versatile, lightweight, and durable material made by reacting polyols and diisocyanates, both derived from petroleum products. It exists in two main forms: flexible and rigid. Flexible polyurethane foam is commonly used in furniture, mattresses, and automotive seating for cushioning, while rigid foam is widely used for insulation in buildings and appliances due to its excellent thermal resistance. Known for its energy efficiency, comfort, and structural strength, polyurethane foam also offers sound insulation and impact resistance. Its adaptability makes it valuable across various industries, contributing significantly to modern manufacturing, construction, and everyday consumer products.

According to the International Organization of Motor Vehicle Manufacturers, global sales of passenger vehicles were US$711 billion in 2020.

Market Dynamics:

Driver:

Growing Demand from Construction Industry

The growing demand from the construction industry is absolutely driving the polyurethane foam market. As construction activities expand globally, especially in residential and commercial sectors, the need for effective insulation materials increases. Polyurethane foam, known for its superior thermal insulation, energy efficiency, and durability, is widely used in roofing, walls, and flooring. This surge in construction projects enhances market growth, encouraging innovation and production. Additionally, eco-friendly and energy-saving regulations further fuel the adoption of polyurethane foam in modern construction.

Restraint:

Volatile Raw Material Prices

Volatile raw material prices destructively impact the polyurethane foam market by creating uncertainty and increasing production costs. This instability disrupts supply chains, making it difficult for manufacturers to plan and budget effectively. Frequent price fluctuations can lead to reduced profit margins, higher product prices, and loss of competitiveness. Additionally, it discourages investment and innovation in the sector, slowing market growth and hindering long-term industry stability.

Opportunity:

Increasing Use in Furniture and Bedding

The increasing use of polyurethane foam in furniture and bedding is driving significant market growth due to its comfort, durability, and versatility. Rising consumer demand for high-quality, ergonomic products has pushed manufacturers to adopt polyurethane foam for mattresses, sofas, and cushions. Its lightweight and cost-effective nature further enhance its appeal. Additionally, innovations in foam technology, such as memory foam, are expanding its applications, strengthening its position in residential and commercial segments and contributing positively to the global polyurethane foam market.

Threat:

Disposal and Recycling Challenges

Disposal and recycling challenges significantly hinder the market by increasing environmental concerns and regulatory pressures. Difficulties in breaking down and reprocessing foam lead to high waste accumulation, raising costs and limiting sustainable practices. This results in reduced consumer trust and demand. Additionally, inadequate recycling infrastructure slows innovation and adoption of eco-friendly alternatives, restricting market growth and profitability. Consequently, these challenges create barriers for manufacturers and investors.

Covid-19 Impact

The COVID-19 pandemic significantly disrupted the polyurethane foam market due to supply chain interruptions, reduced industrial activity, and declining demand in automotive and construction sectors. Lockdowns and labor shortages delayed production, while limited transportation impacted raw material availability. However, demand for foam in medical and packaging applications partially offset losses. As economies recover, the market is gradually rebounding with increased emphasis on sustainable and healthcare-related polyurethane foam solutions.

The rigid foam segment is expected to be the largest during the forecast period

The rigid foam segment is expected to account for the largest market share during the forecast period, due to its superior insulation properties, energy efficiency, and widespread use in construction and refrigeration industries. As global emphasis on sustainable building solutions grows, rigid polyurethane foams are increasingly favored for their thermal performance and durability. Their application in green buildings, cold chain logistics, and HVAC systems continues to expand. This rising demand positions rigid foams as a key growth engine, fostering innovation and boosting market momentum across multiple sectors.

The packaging segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the packaging segment is predicted to witness the highest growth rate, as e-commerce and logistics grow globally, there is an increased demand for protective and cost-effective packaging solutions. Polyurethane foam is perfect for protecting goods while in transportation since it provides superior insulation and stress absorption. Furthermore, a variety of sectors are supported by its adaptability to bespoke shapes and sizes. Market dynamics are positively impacted by this expanding use, which encourages innovation and higher demand across industries.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share due to rising demand in construction, automotive, and furniture sectors. Its versatility, energy efficiency, and lightweight properties make it ideal for insulation and cushioning, supporting sustainability goals. Countries like China and India are key contributors due to expanding infrastructure and manufacturing activities. This market trend fosters economic development, technological innovation, and employment opportunities, creating a positive and transformative regional impact.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, owing to its excellent insulation properties support energy efficiency initiatives, aligning with green building standards. Increased use in lightweight automotive components enhances fuel efficiency and reduces emissions. Additionally, ongoing innovation in flexible and rigid foam applications boosts product versatility and sustainability. These trends collectively position polyurethane foam as a key contributor to economic growth and environmental progress across the region.

Key players in the market

Some of the key players profiled in the Polyurethane Foam Market include BASF SE, Huntsman Corporation, Dow Inc., Covestro AG, Saint-Gobain, Wanhua Chemical Group Co., Ltd., Recticel NV/SA, Rogers Corporation, Sekisui Chemical Co., Ltd., Trelleborg AB, Lanxess AG, DuPont, Inoac Corporation, Armacell International S.A., UFP Technologies, Inc., Future Foam, Inc., FXI Inc., Woodbridge Foam Corporation, Foamcraft, Inc. and Neveon Holding GmbH.

Key Developments:

In April 2025, BASF announced its first Canadian Master Research Agreement (MRA) with the University of Toronto, marking a significant milestone in the company's efforts to expand its research collaborations in North America. This partnership aims to streamline innovation projects and foster collaboration between BASF researchers and Canadian academics.

In October 2024, BASF made a strategic partnership with Aspen Aerogels to enhance its aerogel product offerings and expand its market reach. This partnership is set to drive innovation in aerogel technologies, particularly in high-performance insulation materials.

In July 2024, BASF launched Haptex 4.0, an innovative polyurethane solution for the production of synthetic leather that is 100% recyclable. Synthetic leather made with Haptex 4.0 and polyethylene terephthalate (PET) fabric can be recycled together using an innovative formulation and recycling technical pathway without the need of layer peel-off process.

Products Covered:

• Rigid Foam
• Flexible Foam
• Spray Foam

Raw Materials Covered:

• Polyols
• Diisocyanates (MDI, TDI)
• Blowing Agents
• Surfactants
• Catalysts
• Flame Retardants
• Other Raw Materials

Cell Structures Covered:

• Open Cell
• Closed Cell

Densities Covered:

• Low-Density
• Medium-Density
• High-Density

Applications Covered:

• Bedding & Furniture
• Transportation
• Packaging
• Other Applications

End Users Covered:

• Automotive
• Building & Construction
• Electronics
• Automotive
• Medical
• Aerospace
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Polyurethane Foam Market, By Product

• 5.1 Introduction
• 5.2 Rigid Foam
• 5.3 Flexible Foam
• 5.4 Spray Foam

6 Global Polyurethane Foam Market, By Raw Material

• 6.1 Introduction
• 6.2 Polyols
• 6.3 Diisocyanates (MDI, TDI)
• 6.4 Blowing Agents
• 6.5 Surfactants
• 6.6 Catalysts
• 6.7 Flame Retardants
• 6.8 Other Raw Materials

7 Global Polyurethane Foam Market, By Cell Structure

• 7.1 Introduction
• 7.2 Open Cell
• 7.3 Closed Cell

8 Global Polyurethane Foam Market, By Density

• 8.1 Introduction
• 8.2 Low-Density
• 8.3 Medium-Density
• 8.4 High-Density

9 Global Polyurethane Foam Market, By Application

• 9.1 Introduction
• 9.2 Bedding & Furniture
• 9.3 Transportation
• 9.4 Packaging
• 9.5 Other Applications

10 Global Polyurethane Foam Market, By End User

• 10.1 Introduction
• 10.2 Automotive
• 10.3 Building & Construction
• 10.4 Electronics
• 10.5 Automotive
• 10.6 Medical
• 10.7 Aerospace
• 10.8 Other End Users

11 Global Polyurethane Foam Market, By Geography

• 11.1 Introduction
• 11.2 North America
  • 11.2.1 US
  • 11.2.2 Canada
  • 11.2.3 Mexico
• 11.3 Europe
  • 11.3.1 Germany
  • 11.3.2 UK
  • 11.3.3 Italy
  • 11.3.4 France
  • 11.3.5 Spain
  • 11.3.6 Rest of Europe
• 11.4 Asia Pacific
  • 11.4.1 Japan
  • 11.4.2 China
  • 11.4.3 India
  • 11.4.4 Australia
  • 11.4.5 New Zealand
  • 11.4.6 South Korea
  • 11.4.7 Rest of Asia Pacific
• 11.5 South America
  • 11.5.1 Argentina
  • 11.5.2 Brazil
  • 11.5.3 Chile
  • 11.5.4 Rest of South America
• 11.6 Middle East & Africa
  • 11.6.1 Saudi Arabia
  • 11.6.2 UAE
  • 11.6.3 Qatar
  • 11.6.4 South Africa
  • 11.6.5 Rest of Middle East & Africa

12 Key Developments

• 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 12.2 Acquisitions & Mergers
• 12.3 New Product Launch
• 12.4 Expansions
• 12.5 Other Key Strategies

13 Company Profiling

• 13.1 BASF SE
• 13.2 Huntsman Corporation
• 13.3 Dow Inc.
• 13.4 Covestro AG
• 13.5 Saint-Gobain
• 13.6 Wanhua Chemical Group Co., Ltd.
• 13.7 Recticel NV/SA
• 13.8 Rogers Corporation
• 13.9 Sekisui Chemical Co., Ltd.
• 13.10 Trelleborg AB
• 13.11 Lanxess AG
• 13.12 DuPont
• 13.13 Inoac Corporation
• 13.14 Armacell International S.A.
• 13.15 UFP Technologies, Inc.
• 13.16 Future Foam, Inc.
• 13.17 FXI Inc.
• 13.18 Woodbridge Foam Corporation
• 13.19 Foamcraft, Inc.
• 13.20 Neveon Holding GmbH