one-component polyurethane foam Market

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. The automotive industry is growing in various countries across the world due to factors such as the transition toward electric vehicles, economic growth, increasing population, government support for automotive production, and rising investments in the industry. Advancements in application technology that have improved dispensing equipment and automated application systems have streamlined the use of one-component PU foam.

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. Additionally, polyether polyols contribute to the foam's thermal and acoustic insulation capabilities, enhancing energy efficiency and comfort in buildings. The inherent chemical stability of polyether polyols ensures the long-term performance and reliability of the foam, even under varying environmental conditions.

In 2023, Asia Pacific held a significant share of the one-component polyurethane foam market. Polyurethane foam's capability to provide superior thermal insulation and effectively seal gaps and cracks has positioned it as a favored choice among builders and developers for a wide array of residential, commercial, and industrial projects across Asia Pacific. Infrastructure development has been a focal point for many governments across the region. Under the Sustainable Development Goals 2030, the Asian Development Bank announced its plans to build resilient infrastructure, promote inclusive and sustainable industrialization, and foster innovation in the region. Investments in large-scale projects, such as transportation networks, energy facilities, and public amenities, have driven the demand for construction materials, along with one-component polyurethane foam.

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.

The overall global one-component polyurethane foam market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. Participants in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the one-component polyurethane foam market.