The Polyurethane Foams Market is expected to increase at a CAGR of 7.4%, from USD 46.28 billion in 2022 to USD 81.94 billion in 2030. Growing end-use sectors such as electronics, bedding & furniture, building & construction, and automotive in emerging nations like as India, Thailand, and others are among the primary drivers of the polyurethane foams market. Other factors driving the growth of the polyurethane foams market include the rising usage of polyurethane foams in building insulation for energy conservation.
Over the projection period, the emergence of various end-user sectors in emerging nations is expected to promote global polyurethane foam growth. The Global Polyurethane Foam Market study offers a comprehensive analysis of the industry.
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In a range of building products and other uses, polyurethane foams are utilised as insulation, adhesives, sealants, and binders. Polyurethane foams are highly flexible materials that assist lower total infrastructure costs by reducing building energy consumption. They allow architects to better insulate buildings, lowering gas, oil, and electricity use. As a result, polyurethane foams are being used more frequently for building insulation.
The strict environmental restrictions created by the US Environmental Protection Agency (EPA) for new and existing plant sites engaged in the manufacturing of flexible polyurethane foams are a major stumbling block to the expansion of the polyurethane foam industry.
Polyols are primarily utilised in the production of polyurethane foams. Concerns about the usage of fossil fuels and the environmental impact of plastics have prompted the polyurethane foam sector to strive for more environmentally friendly business practises. Bio-derived materials, such as soy-based polyols, provide considerable sustainability and cost-effectiveness advantages over conventional polyols. They also cut down on the use of petroleum-based raw materials. These considerations provide polyurethane manufacturers with an opportunity to minimise their reliance on petroleum-based raw materials for the creation of polyurethane foams while simultaneously lowering their manufacturing costs.
The high costs of essential feedstock materials used in the production of polyurethane foams, such as toluene diisocyanate, methyl di-p-phenylene, and polymeric isocyanate, result in higher polyurethane foam production costs. These variables make regulating manufacturing costs difficult for polyurethane foam makers.
The worldwide execution of COVID-19 lockdowns brought about an impressive drop in MDI interest from March to June 2020. The vital clients in Asia Pacific either dropped or deferred their development orders. The decrease sought after for MDI in Europe was to a great extent because of a drop popular for polyurethane froths from the vehicle area. The episode and spread of COVID-19 has brought about a TDI shortage in significant spots all over the planet. Most of polyurethane producers have stopped tasks, and numerous nations have shut their ports, forestalling products transportation. Thus, various TDI orders have been dropped.
By Density Composition
Low-Density Polyurethane Foams
Medium-Density Polyurethane Foams
High-Density Polyurethane Foams
By End-use Industry
Bedding & Furniture
Building & Construction
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Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022
|US$ 46.28 Billion
|Market Size by 2030
|US$ 81.94 Billion
|CAGR of 7.4% From 2023 to 2030
|Report Scope & Coverage
|Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
|• By Type (Flexible Foams, Rigid Foams, Spray Foams)
• By Density Composition (Low-Density Polyurethane Foams, Medium-Density Polyurethane Foams, High-Density Polyurethane Foams)
• By End-Use Industry (Bedding & Furniture, Building & Construction, Automotive, Electronics, Footwear, Packaging, Others)
|North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Covestro AG, BASF SE, Wanhua Chemical Group Co., Ltd., Dow Inc., Huntsman Corporation, Sekisui Chemical Co., Ltd., Saint-Gobain, and others.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Key Stakeholders Considered in the study:
Raw material vendors
Regulatory authorities, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
End-use industries are the stake holder in this report
Ans: The worldwide execution of COVID-19 lockdowns brought about an impressive drop in MDI interest from March to June 2020. The vital clients in Asia Pacific either dropped or deferred their development orders. The decrease sought after for MDI in Europe was to a great extent because of a drop popular for polyurethane froths from the vehicle area. The episode and spread of COVID-19 has brought about a TDI shortage in significant spots all over the planet.
Ans: The high costs of essential feedstock materials are the challenges faced by the Polyurethane Foam Market.
Ans: From 2021 to 2028, the global polyurethane foams market is expected to increase at a CAGR of 7.5 percent, from USD 46.1 billion in 2022 to USD 71.00 billion in 2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
18.104.22.168 United Kingdom
22.214.171.124 South Korea
126.96.36.199 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Polyurethane Foam Market Segmentation, By Type
8.1 Flexible Foams
8.2 Rigid Foams
8.3 Spray Foams
9. Global Polyurethane Foam Market Segment, By Density Composition
9.1 Low-Density Polyurethane Foam
9.2 Medium-Density Polyurethane Foams
9.3 High-Density Polyurethane Foams
10. Global Polyurethane Foam Market Segment, By End-use Industry
10.1 Bedding & Furniture
10.2 Building & Construction
10.7 Others (Appliances, Textiles & Apparel, and Transportation)
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Covestro AG (Germany)
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 BASF SE (Germany)
12.3 Wanhua Chemical Group Co., Ltd. (China)
12.4 Dow Inc. (US)
12.5 Huntsman Corporation (US)
12.6 Sekisui Chemical Co., Ltd. (Japan)
12.7 Saint-Gobain (France)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
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The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
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Step 4: QA/QC Process
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