Asia Pacific Polyurethane Foam Market Size & Outlook
Asia Pacific polyurethane foam market, 2018-2030 (US$M)
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Asia Pacific polyurethane foam market highlights
- The Asia Pacific polyurethane foam market generated a revenue of USD 19,262.4 million in 2023.
- The market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, flexible foam was the largest revenue generating product in 2023.
- Flexible Foam is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 19,262.4 million |
| Market revenue in 2030 | USD 34,024.6 million |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Flexible foam |
| Fastest growing segment | Flexible Foam |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rigid Foam, Flexible Foam |
| Key market players worldwide | Huntsman Corp, Dow Inc, Basf SE, Sekisui Chemical Co Ltd, Trelleborg AB ADR, Future PLC, Recticel, UFP Technologies Inc, Rogers Corp, Compagnie de Saint-Gobain SA |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 44.1% of the global polyurethane foam market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 34,024.6 million by 2030.
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Polyurethane Foam Market Scope
Polyurethane Foam Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific polyurethane foam market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to polyurethane foam market will help companies and investors design strategic landscapes.
Flexible foam was the largest segment with a revenue share of 58.3% in 2023. Horizon Databook has segmented the Asia Pacific polyurethane foam market based on rigid foam, flexible foam covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific boasts a thriving and rapidly expanding polyurethane (PU) foam market, reflecting the region's robust economic growth and industrial development. Several key factors contribute to the market's growth and potential.
The construction industry in countries like China, India, and Southeast Asian nations is witnessing significant growth, driving the demand for PU foam in insulation applications. The excellent insulation properties of PU foam help reduce energy consumption, enhance comfort, and contribute to environmental sustainability.
As urbanization and infrastructure development continue, there is a rising focus on energy efficiencient building practices, propelling the adoption of PU foam for thermal insulation, roofing, and sealing purposes.
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Target buyers of Asia Pacific polyurethane foam market databook
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Our clientele includes a mix of polyurethane foam market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific polyurethane foam market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific polyurethane foam market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific polyurethane foam market size, by country, 2018-2030 (US$M)
Asia Pacific Polyurethane Foam Market Outlook Share, 2023 & 2030 (US$M)
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