PUR Foam Market Report 2024 (Global Edition)

Global PUR Foam Market Report 2024 Market Size Split by Product (Rigid Foam, Flexible Foam), by Density (High Density, Medium Density, Low Density), by Application (Sound Insulation, Heat Insulation, ...

PUR Foam Market Report Description

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PUR Foam Market Insights Video

Competitive Landscape of the PUR Foam Market

The PUR foam market is highly competitive, with key players focusing on innovation, sustainability, and expanding product portfolios. Major companies like BASF SE, Dow Inc., Huntsman Corporation, and Covestro AG dominate the market, leveraging advanced manufacturing techniques and eco-friendly solutions. Competitive strategies include mergers, acquisitions, and partnerships to strengthen market presence. smaller players are emphasizing niche applications and sustainable alternatives to gain market share, contributing to increased competition within the global PUR foam market.

In May 2024, olf Group, the building chemicals producer and brand owner of Penosil spray, opened its polyurethane (PU) foam factory in Spain for the construction processes. (Source: https://www.wolf-group.com/wolf-group-opens-first-ever-pu-foam-factory-in-spain/) In February 2021, BASF chose BTC Europe GmbH (BTC) as the new distributor for aromatic isocyanates and polyols for polyurethane applications in Europe. (Source: https://www.basf.com/global/en/media/news-releases/2021/01/p-21-108#:~:text=BASF%20has%20chosen%20BTC%20Europe,Lupranol%C2%AE%20and%20Lupraphen%C2%AE.) In March 2024, Milliken & Company showcased a comprehensive colorant and additive portfolio designed to enhance polyurethane (PU) formulations that offer a higher recovery yield without impacting the recycled polyol's color. (Source: https://www.milliken.com/en-us/businesses/chemical/news/milliken-showcases-pu-innovations-at-2024-utech-europe) In Mar 2022, Huntsman collaborated with Joe Nimble and Footwear Innovation GmbH to offer polyurethane foam for extra shoe comfort with the product DALTOPED. (Source: https://www.huntsman.com/news/media-releases/detail/521/huntsman-helps-joe-nimble-create-high-performance-running)

Top Companies Market Share in PUR Foam Industry: (In no particular order of Rank)

• Dow Inc. (U.S.)
• Huntsman Corporation (U.S.)
• Chemtura Corporation (U.S.)
• DuPont (U.S.)
• Rogers Corporation (U.S.)
• Eastman Chemical Company (U.S.)
• RTP Company (U.S.)
• The Lubrizol Corporation (U.S.)
• RAMPF Holding GmbH & Co. KG (U.S.)
• Wanhua Chemical Group Co. Ltd. (China)
• Sekisui Chemical Co.
• Ltd. (Japan)
• Tosoh Corporation (Japan)
• Mitsui Chemicals (Japan)
• DIC Corporation (Japan)
• Mitsubishi Chemical Holdings (Japan)
• Covestro AG (Germany)
• BASF SE (Germany)
• Saint-Gobain (France)
• Recticel NV/SA (Belgium)
• Bayer AG (Germany)
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the PUR Foam Market

Which Region Dominates the PUR Foam Market in 2024?

According to Cognitive Market Research, North America is poised to dominate the PUR foam market in 2024, driven by robust demand across various sectors, including construction, automotive, and furniture. The region benefits from advanced manufacturing capabilities, a well-established supply chain, and significant investments in research and development focused on sustainable materials. Increasing awareness of energy efficiency and regulatory measures promoting eco-friendly construction practices further bolster market growth. The presence of major industry players enhances competition and innovation, while consumer preferences for high-performance insulation and cushioning solutions contribute to the region’s leading position. The expanding construction activities and rising automotive production in the United States and Canada further strengthen the demand for PUR foam products, solidifying North America's market dominance.

Which Region is Expanding at the Fastest CAGR?

The Asia-Pacific region is expanding at the fastest compound annual growth rate (CAGR) in the PUR foam market, fueled by rapid urbanization and industrialization. Countries such as China and India are experiencing significant growth in construction and automotive sectors, driving demand for insulation and cushioning materials. Rising disposable incomes and changing consumer preferences for high-quality products further enhance market opportunities. The increasing emphasis on energy efficiency and sustainable building practices aligns with the region's growth trajectory, prompting manufacturers to innovate and adapt. Government initiatives promoting infrastructure development and investment in renewable energy sources further contribute to the accelerating demand for PUR foam solutions, positioning the Asia-Pacific region as a key player in the global market landscape.

The current report Scope analyzes PUR Foam Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America PUR Foam

According to Cognitive Market Research, the global PUR Foam market size was estimated at USD 50251.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 20100.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the PUR Foam market with a market size of USD 15859.28 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. The US experiences market growth due to a robust construction sector emphasizing energy-efficient materials.
• The Canada PUR Foam market had a market share of USD 2412.06 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Canada's PUR foam market thrives on increasing demand for sustainable building practices and high-performance insulation.
• The Mexico PUR Foam market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 1829.14 million in 2024.

Europe PUR Foam

According to Cognitive Market Research, the global PUR Foam market size was estimated at USD 50251.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 15075.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

• The United Kingdom PUR Foam market had a market share of USD 2532.66 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. The UK benefits from strict environmental regulations that drive the adoption of eco-friendly PUR foam solutions.
• The France PUR Foam market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 1386.93 million in 2024.
• According to Cognitive Market Research, the German PUR Foam market size was valued at USD 2984.92 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period. Germany's market growth is fueled by its strong automotive industry integrating advanced materials for energy efficiency.
• The Italy PUR Foam market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 1296.48 million in 2024.
• The Russia PUR Foam market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 2336.68 million in 2024.
• The Spain PUR Foam market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 1236.18 million in 2024
• The Luxembourg PUR Foam market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 467.34 million in 2024.
• The Portugal PUR Foam market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 316.58 million in 2024.
• The Greece PUR Foam market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 180.90 million in 2024.
• The Rest of Europe's PUR Foam market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 2336.68 million in 2024.

Asia Pacific PUR Foam

According to Cognitive Market Research, the global PUR Foam market size was estimated at USD 50251.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 11557.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.

• According to Cognitive Market Research, the China PUR Foam market size was valued at USD 5201.00 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. China sees rapid expansion due to urbanization and significant investments in infrastructure development and housing projects.
• The Japan PUR Foam market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 1594.97 million in 2024.
• The India PUR Foam market had a market share of USD 1386.93 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. India's PUR foam market is propelled by rising disposable incomes and increasing demand for durable consumer goods.
• The South Korean PUR Foam market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 1155.78 million in 2024.
• The Australian PUR Foam market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 601.00 million in 2024.
• The South East Asia PUR Foam market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 797.49 million in 2024.
• The Rest of Asia Pacific PUR Foam market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 820.60 million in 2024.

South America PUR Foam

According to Cognitive Market Research, the global PUR Foam market size was estimated at USD 50251.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 2512.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil PUR Foam market size was valued at USD 1075.38 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Brazil experiences growth from infrastructure investments and rising consumer preferences for quality furniture and bedding products.
• Argentina's PUR Foam market had a market share of USD 422.11 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. Argentina's market benefits from a growing focus on sustainable construction and energy-efficient materials in various sectors.
• Colombia PUR Foam market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 223.62 million in 2024.
• Peru PUR Foam market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 206.03 million in 2024.
• Chile PUR Foam market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 180.90 million in 2024.
• The Rest of Latin America's PUR Foam market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 404.52 million in 2024.

Middle East and Africa PUR Foam

According to Cognitive Market Research, the global PUR Foam market size was estimated at USD 50251.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 1005.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031..

• The GCC Countries PUR Foam market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 430.15 million in 2024. The GCC countries experience growth driven by ambitious infrastructure projects and a focus on energy efficiency in construction.
• The Egypt PUR Foam market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 105.53 million in 2024.
• The South Africa PUR Foam market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 158.79 million in 2024. South Africa's PUR foam market is supported by increasing demand for insulation materials in residential and commercial buildings.
• The Turkey PUR Foam market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 86.43 million in 2024.
• The Nigeria PUR Foam market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 105.53 million in 2024.
• The Rest of the MEA PUR Foam market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 118.59 million in 2024.

PUR Foam Market Analysis

PUR Foam Market Density Segment Analysis

According to Cognitive Market Research, The density segment of the PUR foam market is categorized into high density, medium density, and low density. The largest segment is high-density PUR foam, which is widely recognized for its exceptional durability and structural integrity. This type of foam finds extensive applications in sectors such as construction and automotive, where its strength and thermal insulation properties are paramount. High-density foam is particularly favored in scenarios requiring enhanced performance under load, such as in structural applications and high-traffic environments. The increased focus on energy efficiency and sustainability drives demand for high-density options, as they provide superior insulation while minimizing energy costs. Consequently, the prevalence of high-density PUR foam in industrial applications solidifies its status as the largest segment in the market.

The fastest-growing segment within the density category is low-density PUR foam, driven by increasing consumer preferences for lightweight and flexible materials. This segment finds its footing in various applications, including packaging, furniture, and bedding, where comfort and ease of handling are crucial. Low-density foam is particularly valued for its cushioning properties, making it ideal for consumer goods that require protective packaging or enhanced comfort in seating solutions. The rising demand for sustainable products further propels the growth of low-density PUR foam, as manufacturers are now exploring eco-friendly alternatives that maintain lightweight characteristics. The convergence of innovative designs and consumer trends underscores the rapid expansion of the low-density segment, positioning it as a key player in the evolving PUR foam market.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of PUR Foam Industry. Request a Free Sample PDF!

PUR Foam Market Product Segment Analysis

According to Cognitive Market Research, The PUR foam market is primarily segmented into rigid foam and flexible foam, with rigid foam emerging as the largest segment. Rigid foam finds extensive applications in insulation for construction, refrigeration, and packaging due to its superior thermal resistance and structural integrity. Its lightweight nature and excellent energy efficiency make it a favored choice among builders and manufacturers. Rising awareness of energy conservation and stringent building codes further bolster the demand for rigid PUR foam. The construction industry's growth, particularly in emerging economies, fuels this segment's expansion as stakeholders increasingly prioritize sustainable materials to enhance energy performance in buildings. As a result, rigid foam continues to dominate the market landscape, capturing significant market share and positioning itself as a vital component in various applications.

In contrast, flexible foam is recognized as the fastest-growing segment within the PUR foam market. This segment is characterized by its versatility and comfort, making it essential in the furniture, bedding, and automotive industries. The increasing consumer preference for high-quality, comfortable products propels the demand for flexible foam in seating and cushioning applications. Innovations in manufacturing techniques have enhanced the performance characteristics of flexible PUR foam, enabling it to cater to a wide array of uses, from ergonomic furniture to soundproofing solutions. The trend toward customization and luxury in consumer goods further accelerates growth in this segment, reflecting a shift in market dynamics as manufacturers strive to meet evolving consumer expectations. Flexible foam's rapid expansion underscores its vital role in the ongoing transformation of the PUR foam market.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

PUR Foam Application Segment Analysis

PUR Foam Market Application Segment Analysis

According to Cognitive Market Research, The PUR foam market application segment analysis reveals several key areas, with insulation emerging as the largest segment. Insulation applications are predominantly found in the construction industry, where rigid PUR foam plays a critical role in enhancing energy efficiency in buildings. The material's superior thermal properties make it a preferred choice for both residential and commercial projects. Growing awareness of sustainable building practices and regulatory mandates aimed at reducing energy consumption have further propelled this segment. the versatility of PUR foam allows it to be used in various insulation applications, such as roofing, wall, and floor insulation. This widespread adoption underscores the significance of the insulation segment, establishing it as a cornerstone of the PUR foam market.

In contrast, the automotive interior segment stands out as the fastest-growing area within the PUR foam market. With increasing consumer demand for comfort and performance in vehicles, manufacturers are integrating advanced cushioning solutions in seats, headrests, and dashboards. The automotive industry is also witnessing a shift towards lightweight materials, and PUR foam’s lightweight yet robust characteristics align perfectly with this trend. As electric vehicles gain traction, the demand for innovative interior designs and sustainable materials is surging, further driving the growth of this segment. Investments in research and development to enhance the performance attributes of PUR foam in automotive applications will likely maintain this momentum, establishing it as a dynamic and pivotal segment in the market.

• Sound Insulation
• Heat Insulation
• Electricity Installations
• Industrial Roof Insulation
• Sports Equipment
• Automotive Interior

PUR Foam End User Segment Analysis

PUR Foam Market End User Segment Analysis

According to Cognitive Market Research, The PUR foam market comprises several key end-user segments, including bedding and furniture, transportation, packaging, construction, electronics, and footwear. Among these, the bedding and furniture segment represents the largest share due to the increasing consumer preference for comfort and durability in mattresses and upholstery. Manufacturers are continuously innovating to create high-density and breathable foam options that enhance sleep quality and overall user experience. The growing trend of custom-designed furniture and the rising demand for eco-friendly materials are also contributing factors. As consumers become more conscious of their purchasing decisions, the bedding and furniture segment is expected to maintain its leading position in the PUR foam market, driven by continuous product innovation and enhanced functionality.

The construction segment is the fastest-growing end-user category within the PUR foam market, propelled by an upsurge in residential and commercial building projects. Increasing focus on energy efficiency and regulatory frameworks promoting sustainable construction practices are significant catalysts driving this growth. Rigid PUR foam is extensively used for insulation applications, providing excellent thermal performance and contributing to reduced energy consumption. The surge in urbanization and infrastructure development in emerging economies further fuels demand, as builders seek advanced materials that meet stringent energy efficiency standards. With ongoing advancements in material technology and an emphasis on green building solutions, the construction segment is set to experience remarkable growth, positioning itself as a cornerstone of the PUR foam market.

• Bedding & Furniture
• Transportation
• Packaging
• Construction
• Electronics
• Footwear
• Others

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion