Lucintel's latest market report analyzed that polyurethane foam provides attractive opportunities in building and construction, bedding and furniture, automotive and transportation, electrical and electronics, and footwear application. The polyurethane foam market is expected to reach $63.4 billion by 2026 with a CAGR of 4.6%. In this market, flexible is the largest segment by foam type, whereas bedding and furniture is largest by application. The emergence of carbon dioxide-based flexible foam, and polyurethane foam based on natural raw materials provides strategic growth path in this market.
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Based on foam type, the polyurethane foam market is segmented into rigid, flexible and spray foam. The flexible segment is accounted for the largest share of the market in 2020 by applications in different industries, such as furniture and bedding, automotive interiors, packaging, textiles, and others due to its lightweight, durable, resilient and energy absorption properties. Spray foam is expected to witness highest growth over the forecast period.
Browse in-depth TOC on “Polyurethane Foam Market”
166 – Tables
192 – Figures
257 – Pages
The polyurethane foam market is marked by the presence of several big and small players. Some of the prominent players offering polyurethane foam include Recticel Group, Eurofoam Group, Carpenter, Mitsui Chemical, Vitafoam, and NCFI.
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