Australia Polyurethane Foam Market Size & Outlook
Australia polyurethane foam market, 2018-2030 (US$M)
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Australia polyurethane foam market highlights
- The Australia polyurethane foam market generated a revenue of USD 1,624.8 million in 2023 and is expected to reach USD 2,752.6 million by 2030.
- The Australia market is expected to grow at a CAGR of 7.8% 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.
Polyurethane foam market data book summary
| Market revenue in 2023 | USD 1,624.8 million |
| Market revenue in 2030 | USD 2,752.6 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Flexible foam |
| Fastest growing segment | Flexible Foam |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 3.7% of the global polyurethane foam market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China polyurethane foam market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,868.6 million by 2030.
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Polyurethane Foam Market Scope
Polyurethane Foam Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia 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 58.5% in 2023. Horizon Databook has segmented the Australia polyurethane foam market based on rigid foam, flexible foam covering the revenue growth of each sub-segment from 2018 to 2030.
The polyurethane (PU) foam market in Australia is intricately linked to the country's robust initiatives aimed at strengthening its USD 120 billion infrastructure pipeline, implementing a comprehensive National Urban Policy, and enforcing mandatory Australian Design Rules (ADR) for vehicle safety.
Australia's ambitious infrastructure pipeline, focusing on areas such as transportation, energy, and social infrastructure, directly influences the demand for PU foam. As Australia invests in major infrastructure projects, there is a growing need for high-quality materials like PU foam.
The implementation of the National Urban Policy in Australia further propels the growth of the PU foam market. PU foam's superior thermal insulation, acoustic absorption, and comfort qualities make it an ideal material for creating energy-efficient and livable urban environments.
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Our clientele includes a mix of polyurethane foam market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia polyurethane foam market , including forecasts for subscribers. This country databook contains high-level insights into Australia polyurethane foam market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia polyurethane foam market size, by product, 2018-2030 (US$M)
Australia Polyurethane Foam Market Outlook Share, 2023 & 2030 (US$M)
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