Polyurethane foam is a polymer obtained by reacting diisocyanate and polyol. Polyurethane foam is generally called PU foam or PUR foam. Polyurethane foam provides insulation and protection to the materials from external sources that cause corrosion. The type of reagent or catalyst used with isocyanate in polyurethane foam production depends on the PU foam's application. Three types of polyurethane foam are available, rigid, flexible, and spray foam.
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Data Bridge Market Research analyzes that the North America Polyurethane Foam Market is expected to grow at a CAGR of 5.6% from 2023 to 2030 and is expected to reach USD 18,000,737.83 thousand by 2030. Growing acceptance in the automotive and aviation sector will drive market growth.
Key Findings of the Study
Growing acceptance in the automotive and aviation sector may drive the market growth
Polyurethane foam is a polymeric material with high tensile strength, low weight, chemical resistance, processability, and mechanical characteristics. Due to its distinctive properties, there has been a growing demand for lightweight and high-performance materials in the aerospace and automotive industries. In the automotive industry, it serves a significant role in passenger safety and comfort, from automotive to carpet underlay. Polyurethane foam is used in the automotive industry for trims, seats, headrests, acoustic insulation, and air conditioning filters. This is because foam is a material that provides a wide range of properties, such as vibration blocking, sound absorption, and insulation. Both open and closed-cell foams can be used in automotive cushioning and seating in modern cars.
Polyurethane foam in current automobiles offers vehicles greater mileage due to its durable and highly lightweight nature that further lowers the overall weight of a car. Therefore, fuel efficiency is improved which has reduced the environmental impact.
The application of polyurethane foam in the aerospace industry needs to be more diverse. It is used in structural pieces such as passenger cabin walls, baggage sections, ceilings, lavatory elements, flight deck pads, and class and section dividers. The foam can protect the aircraft and passengers inside it from excessive temperature fluctuations. Aerospace foam density also aids in the prevention of air leakage into and out of the aircraft, hence preserving cabin pressure. It may also serve as a sound barrier that protects passengers from the high decibel levels of airplane engines. Such high-end-use applications in the automotive and aviation sector is expected to drive the market growth of polyurethane foam.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Thousand and Volume in Tons
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Segments Covered
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Product (Rigid Foam, Flexible Foam, and Spray Foam), Category (Open Cell and Closed Cell), Density Composition (Low-Density Composition, Medium-Density Composition, and High-Density Composition), Process (Slabstock Foam, Molded Foam, Lamination, and Spraying), End-User (Building & Construction, Bedding & Furniture, Automotive, Footwear, Electronics, Packaging, and Others)
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Countries Covered
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U.S., Canada, and Mexico
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Market Players Covered
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Foamcraft, Inc. (U.S.), SEKISUI CHEMICAL CO., LTD. (Japan), INOAC CORPORATION (Japan), Wisconsin Foam Products (U.S.), Dow (U.S.), Rogers Corporation (U.S.), UFP Technologies, Inc. (U.S.), Saint-Gobain (France), BASF SE (Germany), Eurofoam S.r.l. (Italy), General Plastics Manufacturing Company, Inc., Huntsman International LLC (U.S.), Henkel AG & Co. KGaA (Germany), and Recticel NV/SA (Belgium) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, material handling and storage, transport and precautions, and hazard identification.
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Segment Analysis:
The North America polyurethane foam market is segmented into five notable segments based on product, category, density composition, process, and end-user.
- On the basis of product, the market is segmented into rigid foam, flexible foam, and spray foam
In 2023, the flexible foam segment in the product segment is expected to dominate the North America polyurethane foam market
In 2023, the flexible foam segment is expected to dominate with a 42.59% market share. It is because of its wide application in bedding and mattress and seat cushions due to its lightweight and airflow properties.
- On the basis of category, the market is segmented into open cell and closed cell. In 2023, the open cell segment is expected to dominate the market with a 70.79% market share.
- On the basis of density composition, the market is segmented into low-density composition, medium-density composition, and high-density composition. In 2023, the low-density composition segment is expected to dominate the market with a 50.23% market share because of buoyancy, energy-absorbance, and cushioning properties, which help to boost its demand in the forecast period.
- On the basis of the process, the market is segmented into molded foam, slabstock foam, spraying, and lamination. In 2023, the molded foam segment is expected to dominate the market with a 40.57% market share due to its cushioning application, which helps boost its demand in the forecast period.
- On the basis of end-user, the market is segmented into bedding & furniture, building & construction, automotive, electronics, packaging, footwear, and others.
In 2023, the bedding & furniture segment in end-user segment is expected to dominate the North America polyurethane foam market
In 2023, the bedding & furniture segment is expected to dominate the market with a 33.76% market share because of the application of polyurethane foam in mattresses, which helps boost its demand in the forecast period.
Major Players
Data Bridge Market Research recognizes the following companies as the major players in the North America polyurethane foam market that include Foamcraft, Inc. (U.S.), SEKISUI CHEMICAL CO., LTD. (Japan), INOAC CORPORATION (Japan), Wisconsin Foam Products (U.S.), Dow (U.S.), Rogers Corporation (U.S.), UFP Technologies, Inc. (U.S.), Saint-Gobain (France), BASF SE (Germany), Eurofoam S.r.l. (Italy), General Plastics Manufacturing Company, Inc., Huntsman International LLC (U.S.), Henkel AG & Co. KGaA (Germany), and Recticel NV/SA (Belgium) among others.
Market Developments
- In September 2022, Saint-Gobain received all the required approvals from relevant authorities to acquire GCP Applied Technologies Inc. (a major North America player in construction chemicals). This acquisition helped the company to gain more recognition in the field of construction chemicals.
- In March 2022, BASF SE acquired a new site in Canada for the production of battery materials and recycling expansion. The company states that this expansion helped them to power their North American transition to e-mobility. They plan to start with the cathode active materials and follow up with precursor cathode materials, recycling, and metals refining capabilities.
- In June 2021, INOAC CORPORATION successfully developed a product named ECOLOCEL, a plant-based polyurethane foam from polyurethane materials and 50% biomass, and made a complaint with the food sanitation act. As of now, they introduced this in the sponge category. And developing ways to apply and commercialize in bedding, clothing, cosmetics, and the automotive field.
- In March 2020, Huntsman Building Solutions completed NFPA 285 fire testing for metal and aluminum wall assemblies with its HEATLOK HFO Pro Closed Cell Spray Polyurethane Foam insulation. HEATLOK HFO Pro is a spray-applied continuous insulation solution that meets the National Fire Protection Association standard fire test method for evaluating fire propagation characteristics of exterior wall assemblies containing combustible components. This certification helped companies to use closed-cell spray foam for aluminum, metal, brick, stone, and masonry wall assemblies.
- In May 2020, Huntsman Corporation announced the rebranding of its world-leading spray polyurethane foam business as Huntsman Building Solutions. Huntsman Building Solutions is a worldwide platform under Huntsman's Polyurethanes division. This rebranding helped the company to expand its business.
Regional Analysis
Geographically, the countries covered in the North America polyurethane foam market are the U.S., Canada, and Mexico.
As per Data Bridge Market Research analysis:
U.S. is the fastest growing and dominating country in the North America polyurethane foam market during the forecast period 2023 - 2030
In 2023, the U.S. is expected to dominate the North America polyurethane foam market with a market share of 75.30% and is projected to reach USD 13,642,523.08 thousand in 2030. The U.S. is expected to grow with the highest CAGR of 5.7% from 2023 to 2030. In 2023, the U.S. is expected to dominate the North America market due to rising building and construction activities in the region.
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