Polyurethane foam market is anticipated to grow at a CAGR of 5.5% during the forecast period. The growing adoption of polyurethane in the end-user industries such as bedding and furniture, electronics, automotive, and building and construction, in emerging economies such as India, China, and others is a key factor driving the growth of the global polyurethane foam market. In June 2022, Mitsui Chemicals and Microwave Chemical launched a new initiative aimed at commercializing the chemical recycling of flexible polyurethane foam through microwave technology. The project involves a direct synthesis of polyurethane raw materials by decomposing offcuts of the foam used to manufacture mattresses and similar items.
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However, the chemical recycling of flexible polyurethane foam and other polyurethane products has not yet been achieved at a commercial level in Japan. Therefore, the development and commercialization of such technology is a pressing issue from the perspective of contributing to a circular economy. The success of this project may impart a positive impact on the growth of the polyurethane foam market. High raw material costs can lead to pricing pressures on polyurethane foam manufacturers. However, the increasing production of bio-based polyols is anticipated to offer a lucrative opportunity for the growth of the global polyurethane foam market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Polyurethane Foam Market, By Type
- Rigid Foam
- Flexible Foam
- Spray Foam
Global Polyurethane Foam Market, By End-User Industry
- Building & Construction
- Bedding & Furniture
- Automotive
- Electronics
- Footwear
- Packaging
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- BASF SE
- BCI Holding SA
- Covestro AG
- DIC Corp.
- Dow Inc.
- DSM N.V.
- Evonik Industries AG
- Huntsman Corp.
- INOAC Corp.
- Kuwait Polyurethane Industries WLL
- Lanxess AG
- Mitsui Chemicals Inc.
- Recticel NV
- Rogers Corp.
- Saint-Gobain S.A.
- Sekisui Chemical Co., Ltd.
- Sheela Foam Ltd.
- Wanhua Chemical Group Co., Ltd.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global polyurethane foam market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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