Polyurethane Foam Market Size, Share, Growth Analysis, By Application (Bedding, Furniture, Building & Construction, Automotive), By Type (Rigid Foam, Flexible Foam, Spray Foam.), By Region - Industry Forecast 2024-2031

The Asia-Pacific region dominates the global polyurethane foam market owing to increasing construction activities in emerging economies such as China, India, Vietnam, etc. Furthermore, the market is expected to benefit from increased penetration of polyurethane foam producers in these countries due to low-cost manufacturing and strong demand throughout the projected period. Increasing demand from the bedding and furniture industry owing to rising urban population in emerging economies of Asia Pacific such as China, India, and Indonesia is anticipated to drive growth over the forecast period. Although, strong economic development in India and China has shifted the equilibrium and Asia Pacific is expected to emerge as the leading consumer. The shift of leading automotive manufacturers to countries such as India and Thailand, Vietnam and Malaysia from mature economies of North America and Europe has complimented the growth of the industry in the region.

North America polyurethane foams market is expected to generate USD 13.24 billion by 2028 due to the increasing demand for renovation and reconstruction activities. The North American region is emerging as a promising market for polyurethane foams, due to the construction industry, which is mainly driven by renovation & reconstruction activities.

Various environmental and legal factors aid industrial development in Central and South America, as well as the Middle East and Africa. These regions also house major countries such as Brazil and South Africa, which are expanding rapidly due to expanding automotive and construction sectors. This is expected to propel the polyurethane foam market during the forecast period.