Canada Polyurethane Foam Market Size & Outlook, 2023-2030
Canada polyurethane foam market, 2018-2030 (US$M)
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Canada polyurethane foam market highlights
- The Canada polyurethane foam market generated a revenue of USD 932.0 million in 2023 and is expected to reach USD 1,416.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.2% 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 932.0 million |
| Market revenue in 2030 | USD 1,416.9 million |
| Growth rate | 6.2% (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, Canada accounted for 2.1% 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 North America, U.S. polyurethane foam market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 2,279.1 million by 2030.
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Polyurethane Foam Market Scope
Polyurethane Foam Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 57.96% in 2023. Horizon Databook has segmented the Canada polyurethane foam market based on rigid foam, flexible foam covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is emerging as a significant player in the global polyurethane (PU) foam market, showcasing impressive growth and contributing to the industry's overall development. With its expanding manufacturing capabilities and innovative technologies, Canada has established itself as a key supplier of PU foam products for various sectors.
The country's strategic location and strong infrastructure further enhances its competitive advantage in the international market. Canada's participation in the global PU foam market is driven by several factors.
Growing demand for lightweight and energy-efficient materials in automotive, construction, and furniture applications has spurred the adoption of PU foam products. Canada's PU foam manufacturers have responded to this demand by investing in research and development, driving the production of high-quality foam solutions that meet industry standards.
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Target buyers of Canada 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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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada polyurethane foam market , including forecasts for subscribers. This country databook contains high-level insights into Canada polyurethane foam market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada polyurethane foam market size, by product, 2018-2030 (US$M)
Canada Polyurethane Foam Market Outlook Share, 2023 & 2030 (US$M)
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