The scope of our recent study on the "One-Component Polyurethane Foam Market Forecast to 2031 -Global Analysis - by Raw Material, Application, End Use and Geography" includes the factors fueling the market growth, revenue estimation and forecast, market share analysis, and the identification of significant market players and their key developments.
The one-component polyurethane foam market size was valued at US$ 3.73 billion in 2023 and is projected to reach US$ 6.15 billion by 2031; it is estimated to register a CAGR of 6.4% from 2023 to 2031. The versatility of one-component polyurethane (PU) foam extends beyond insulation to other applications such as sealing, bonding, and filling. The ability of one-component PU foam to provide reliable adhesion, moisture resistance, and durability makes it a valuable asset in ensuring the structural integrity and longevity of residential buildings. In the automotive industry, one-component PU foam is used to provide sound and vibration damping, seal joints or cavities to prevent water and oil penetration, and provide energy absorption in case of a crash.
According to the International Trade Administration, China is the world's largest construction market. Overall investment in new infrastructure during the 14th Five-Year Plan period (2021-2025) will reach approximately US$ 4.2 trillion (27 trillion yuan). Despite the drop in new construction in 2021-2022, there are potentially significant opportunities for construction firms focusing on retrofitting old buildings. In addition to the continuous population growth, rising household income levels and the increasing number of people migrating from rural to urban areas favor the proliferation of the residential construction industry in the country. Thus, in terms of revenue, China dominated the one-component polyurethane foam market share. According to the Department for Promotion of Industry and Internal Trade (DPIIT) report, the Indian government has announced its plans to boost the infrastructure and construction services through several policies such as large budget allocation to the infrastructure sector, open FDI norms, and smart cities mission. The report also stated that the real estate industry in India is projected to reach US$ 1 trillion by 2030, along with an increased year-on-year infrastructure Capex by 34% to reach US$ 6.7 million. Further, rapid urbanization in Thailand, Singapore, Indonesia, Malaysia, and New Zealand is fueling construction activities in the Rest of Asia Pacific. The augmented focus on affordable housing by the public and private sectors further contributes to progress in the residential construction industry.
Henkel AG & Co KGaA; Sika AG; The Dow Chemical Co; BASF SE; Huntsman Corp; Industrial Products LTD.; Selena Group; BOSTIK BENELUX B.V. (Den Braven); Tremco CPG Inc; and Soudal Group are among the prominent players profiled in the one-component polyurethane foam market report. In addition, several other players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem. The one-component polyurethane foam market report also includes company positioning and concentration to evaluate the performance of competitors/players in the market.
One-component polyurethane foam offers several advantages that align with sustainable goals. It is highly energy-efficient, providing superior thermal insulation properties that help reduce the heating and cooling costs of buildings. By improving the energy efficiency of structures, polyurethane foam contributes to lower carbon emissions and reduced reliance on fossil fuels for heating and cooling, thereby supporting environmental sustainability efforts. Moreover, advancements in polyurethane foam formulations have led to the development of eco-friendly alternatives that use bio-based or recycled materials as feedstocks. These bio-based and recycled polyurethane foams offer comparable performance to traditional petroleum-based foams while reducing reliance on finite fossil fuel resources and mitigating the environmental impact of production. Additionally, these sustainable formulations help address concerns about waste management and contribute to the circular economy by utilizing renewable or recycled materials in foam production. Furthermore, the versatility of one-component polyurethane foam extends its applicability to green building practices and sustainable construction projects.
The global one-component polyurethane foam market is segmented into five main regions-North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. Asia Pacific held the largest revenue share of the global one-component polyurethane foam market in 2022. The major factor driving the one-component polyurethane foam market in North America is the rising adoption of one-component polyurethane foam.
The report includes the segmentation of the global one-component polyurethane foam market as follows:
The one-component polyurethane foam market report aims to provide an overview of the market with detailed market segmentation. The market is segmented on the basis of raw material, application, and end use. Based on raw material, the one-component polyurethane foam market is segmented into methylene diphenyl diisocyanate, toluene diisocyanate, polyether polyols, polyester polyols, and others. In 2023, the polyether polyols segment held the largest market share and is expected to register the highest CAGR from 2023 to 2031. Polyether polyols provide one-component polyurethane foam with excellent moisture resistance, low viscosity, and high reactivity, which are crucial for achieving uniform foam expansion and curing. These properties make one-component polyurethane foam highly effective for applications in construction, such as sealing and insulating buildings, where durability and consistent performance are essential.
By application, the one-component polyurethane foam market is categorized into construction, insulation, packaging, automotive, and others. In 2023, the construction subsegment held the largest share in the market. One-component polyurethane foam is commonly used for sealing and insulating purposes, making it an essential material for improving energy efficiency and structural integrity in buildings. When applied, the foam expands and hardens upon contact with moisture in the air, filling gaps, cracks, and cavities effectively.
In terms of end use, the one-component polyurethane foam market is bifurcated into residential and commercial. In 2023, the commercial segment held a larger share of the market. One-component polyurethane foam is commonly employed in sealing joints around windows and doors, filling gaps around plumbing and electrical penetrations, and insulating HVAC ducts. Its ability to adhere to a wide range of substrates, including wood, metal, concrete, and masonry, makes it a go-to solution for sealing and insulating in both new construction and renovation projects.
By geography, the global one-component polyurethane foam market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North American one-component polyurethane foam market is further segmented into the US, Canada, and Mexico. The market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific one-component polyurethane foam market is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The Middle East & Africa market is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa. The South & Central America one-component polyurethane foam market is further segmented into Brazil, Argentina, and the Rest of South & Central America.
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