Rigid Polyurethane Foam Market To Reach $30.58 Billion By 2030

Rigid Polyurethane Foam Market Growth & Trends

The global rigid polyurethane foam market size is expected to reach USD 30.58 Billion by 2030, registering a CAGR of 5.8%, according to a new study by Grand View Research, Inc. Growth of construction industry mainly in the emerging economies of China, India and Brazil is expected to drive the market for rigid polyurethane (PU) foams over the next six years. Grand View Research further observes that government support in promoting the usage of rigid polyurethane foams mainly for refrigeration applications in the U.S. is also expected to drive the market over the forecast period.

Slabstock foams including both slabstock polyether and slabstock polyester accounted for a major chunk in the global market and together accounted for over 60% of total market in 2012. Slabstock foams are widely used in furniture, mattresses, carpet cushions and packaging industries. The growth of furniture market on account of growing disposable income mainly in developing nations is expected to fuel the demand for slabstock foams. Slabstock polyester is expected to be the fastest growing polyurethane foam at an estimated CAGR of 5.4% from 2013 to 2020. Global market for molded foam parts is expected to exceed a market worth USD 3.50 billion by 2020 at an estimated CAGR of 7.8% from 2013 to 2020.

 Request a free sample copy or view report summary: Rigid Polyurethane Foam Market Report

Rigid Polyurethane Foam Market Report Highlights

• Slabstock polyether has dominated the market with 45.4% of the global share in 2023 owing to the growing demand from the robust construction sector which drove the need for flexible foam materials.

• Building & construction has secured 39.8% of the global market share in 2023. As construction practices prioritize sustainability, the demand for materials that contribute to better insulation and reduced energy consumption rises.

• Asia Pacific rigid polyurethane foams market dominated the global share with 59.6% in 2023. The demand primarily stems from the construction industry where thermal insulation properties are crucial for increased efficiency.

Rigid Polyurethane Foam Market Segmentation

Grand View Research has segmented the global rigid polyurethane foam market report based on type, end use, and region:

Type Outlook (Revenue, USD Billion, 2018 - 2030) (Volume in Kilotons)

• Slabstock Polyether

• Slabstock Polyester

• Molded Foam Parts

• Others

End Use Outlook (Revenue, USD Billion, 2018- 2030) (Volume in Kilotons)

• Building & Construction

• Oil & Gas

• Automotive

• Others

Regional Outlook (Revenue, USD Billion, 2018 - 2030) (Volume in Kilotons)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Russia

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Vietnam

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • Kuwait

  • UAE

  • Saudi Arabia

  • South Africa

List of Key Players in the Rigid Polyurethane Foam Market

• BASF SE

• Covestro AG

• Dow Inc.

• Huntsman Corporation

• Recticel NV/SA

• Armacell International S.A.

• Bayer Material Science LLC

• Carpenter Co.

• Sekisui Chemical Co., Ltd.

• INOAC Corporation