Flexible Polyurethane Foam Market To Reach $8.54 Billion By 2030

Flexible Polyurethane Foam Market Growth & Trends

The global flexible polyurethane foam market is anticipated to reach USD 8.54 billion by 2030 and is anticipated to expand at a CAGR of 6.14% during the forecast period, according to a new report by Grand View Research, Inc. The growth of the market can be attributed to the increasing emphasis of different industries on energy efficiency, which has fueled the demand for PU foams for usage, such as insulating and cushioning materials in diverse applications. The growing demand for insulation and lightweight composites from the automotive industry are the key factors driving market growth.

The growing focus on enhancing vehicle comfort and safety is likely to drive the market growth. Flexible PU foam plays a significant role in meeting the demand for lightweight composites from the automotive industry. This foam offers an excellent combination of lightweight, strength, and versatility, thereby making it an ideal choice for various automotive applications. By incorporating flexible PU foam in automotive components, manufacturers can reduce the weight of their vehicles that leads to improved fuel efficiency and reduced emissions.

Additionally, the rise in the middle-class population and increased affordability of air travel in regions such as Asia Pacific and the Middle East is leading to a surge in aircraft production and fleet expansion. This is expected to create a need for high-performance materials, such as flexible PU foam, to outfit these new aircraft with durable, lightweight, and comfortable interiors, contributing to the overall market growth. 

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Flexible Polyurethane Foam Market Report Highlights

• Based on application, the automotive segment held the largest share, accumulating 49.32% market share in 2024. The demand for electric vehicles (EVs) is increasing, propelling the use of flexible PU foam in the automotive industry.

• Aerospace is expected to grow at a significant CAGR in the coming years. The rapid expansion of air travel, especially in emerging markets, significantly contributes to the growing demand for flexible PU foam.

• Based on region, Asia Pacific dominated the global flexible PU Foam market, accumulating 44.70% market share in 2024. The construction industry in countries like China, India, and Southeast Asian nations is witnessing significant growth, driving the demand for flexible PU foam in insulation applications.

• Key players operating in the market include BASF SE; Recticel; Eurofoam S.r.l.; NMC SA; Innocor (Huebach Corporation); and Alanto Ltd, among others

Flexible Polyurethane Foam Market Segmentation

Grand View Research has segmented the global flexible polyurethane (PU) foam market on the basis of application:

Flexible Polyurethane (PU) Foam Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• Automotive

  • Seats

  • Headrests

  • Dashboards & Door Panels (Interior)

  • Insulation

• Aviation

  • Crew & Cockpit Seating

  • Passenger Seats

  • Crew Rest Mattress

  • Insulation

• Mass Transit

Flexible Polyurethane (PU) Foam Regional Outlook (Revenue, USD Million, Volume, Kilotons, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

List of Key Players in the Flexible Polyurethane Foam Market

• BASF SE

• Recticel

• Eurofoam S.r.l.

• NMC SA

• Innocor (Huebach Corporation)

• Alanto Ltd.

• Vita (Holdings) Limited

• Foamtec International Co., Ltd.