One-Component Polyurethane Foam Market Strategies, Top Players, Growth Opportunities, Analysis, and Forecast by 2031

One-Component Polyurethane Foam Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Raw Material (Methylene Diphenyl Diisocyanate, Toluene Diisocyanate, Polyether Polyols, Polyester Polyols, and Others), Application (Construction, Insulation, Packaging, Automotive, and Others), End Use (Residential and Commercial), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)

  • Report Code : TIPRE00010437
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 217

One-Component Polyurethane Foam Market Growth by 2031

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The one-component polyurethane foam market is projected to reach US$ 6.15 billion by 2031 from US$ 3.73 billion in 2023. The market is expected to register a CAGR of 6.4% during 2023–2031. The massive growth of residential projects owing to urban agglomerations and soaring demand from automotive and packaging industries owing to supportive government policies are the current transformative trends in the one-component polyurethane foam market

One-Component Polyurethane Foam Market Analysis

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. These innovations reduce waste, enhance precision, and lower labor costs, making PU foam a more cost-effective solution. Thus, the continuous technological progress in formulating and applying one-component PU foam opens up new growth opportunities for the market.

One-Component Polyurethane Foam Market Overview

On-component polyurethane foam offers excellent thermal and acoustic insulation properties, ease of use, and efficiency in improving energy efficiency in buildings. The product’s convenience and efficiency drive its popularity. One-component polyurethane foam is typically packaged in pressurized cans, allowing for direct application without the need for mixing or specialized equipment. This ease of use makes it highly attractive for contractors and DIY enthusiasts alike. The growing emphasis on energy-efficient buildings has significantly boosted the demand for one-component polyurethane foam. Its ability to provide airtight seals and improve the thermal performance of buildings makes it a preferred choice among builders and contractors. The automotive industry also represents a vital segment of the one-component polyurethane foam market. The material is used for its soundproofing and vibration-damping properties, which are crucial for enhancing the comfort and durability of vehicles. As industries continue to innovate and seek more efficient building and manufacturing solutions, the market for one-component polyurethane foam is poised for continued expansion.

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One-Component Polyurethane Foam Market: Strategic Insights

One-Component Polyurethane Foam Market
  • CAGR
    CAGR (2023 - 2031)
    6.4%
  • Market Size 2023
    US$ 3.73 Billion
  • Market Size 2031
    US$ 6.15 Billion

Market Dynamics

GROWTH DRIVERS
  • Rapid Growth in Residential Construction Sector
  • Soaring Demand from Automotive and Packaging Industries
FUTURE TRENDS
  • Rising Demand for Sustainable and Environment-Friendly Foam
OPPORTUNITIES
  • Advancements in Product Technology

Key Players

  • Henkel AG Co KGaA
  • Sika AG
  • The Dow Chemical Co
  • BASF SE
  • Huntsman Corp

Regional Overview

Regional Overview
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Market SegmentRaw Material
  • MDI
  • TDI
  • Polyether Polyols
  • Polyester Polyols
Market SegmentApplication
  • Construction
  • Insulation
  • Packaging
  • Automotive
Market SegmentEnd-use
  • Residential
  • Commercial
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

One-Component Polyurethane Foam Market Drivers and Opportunities

Soaring Demand from Automotive and Packaging Industries

The automotive and packaging industries are among the major end-use industries of one-component polyurethane foam. In the automotive industry, one-component polyurethane foam is used to provide soundproofing, sealing joints and cavities to prevent the entry of water and oil; it absorbs high-impact energies during a crash. As the automotive industry is growing across the world due to the transition toward electric vehicles, economic growth, and increasing population, supportive government policies for automotive production and rising investments are prominently observed in the industry. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), the global sales of passenger cars increased from 84.8 million in 2022 to 93.5 million in 2023. In December 2022, the passenger vehicle market in China expanded due to increased retail sales. Further, India has a strong automotive industry in terms of domestic demand and exports. In the country, the automobile sector received a cumulative equity FDI inflow of about US$ 34.11 billion between April 2000 and December 2022. Several automakers have started investing heavily in various segments of the industry in India to keep up with the growing demand. In February 2023, Nissan and Renault announced their plan to invest US$ 600 million in India over the next 3–5 years to expand their share in the passenger cars and electric vehicles market. All these factors are driving the growth of the automotive industry in India, which subsequently propels the market for one-component polyurethane foam.

With its excellent cushioning properties and high durability, one-component polyurethane foam is an ideal material for protecting fragile and valuable items, reducing the risk of damage. The surge in e-commerce and online shopping has led to an unprecedented increase in the volume of packages being shipped worldwide. This boom necessitates robust and efficient packaging solutions to ensure product safety during transit. Therefore, the strong growth of the automotive industry and packaging in various countries across the world is driving the demand for one-component polyurethane foam.

Advancements in Product Technology

Innovations in formulation and application techniques have significantly enhanced the performance characteristics of polyurethane foam, making it more versatile and efficient. Modern one-component polyurethane foams are engineered to offer superior adhesion, faster curing times, and improved thermal and acoustic insulation properties. These enhancements expand the foam's applicability across various industries, including construction, automotive, and packaging, thereby driving broader adoption. In the construction sector, technological advancements have led to the development of polyurethane foams with enhanced fire resistance and environmental sustainability. These new formulations meet stricter building codes and regulations, particularly in terms of fire safety and reduced emissions of VOCs. Such improvements make one-component polyurethane foams attractive for builders and contractors looking for reliable, compliant, and eco-friendly insulation and sealing solutions. The construction industry's shift toward sustainable building practices further amplifies the demand for advanced polyurethane foam products. The ability to apply the foam more efficiently and consistently is particularly advantageous in large-scale manufacturing and construction projects, where time and resource optimization are critical. Subsequently, the continuous technological progress in formulating and applying one-component polyurethane foam opens up new growth opportunities for the market.

One-Component Polyurethane Foam Market Report Segmentation Analysis

Key segments that contributed to the derivation of the one-component polyurethane foam market analysis are 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. The polyether polyols segment held the largest market share in 2023.
  • By application, the market is categorized into construction, insulation, packaging, automotive, and others. The construction segment held the largest share of the market in 2023.

In terms of end use, the market is bifurcated into residential and commercial. In 2023, the commercial segment dominated the market.

One-Component Polyurethane Foam Market Share Analysis by Geography

The geographic scope of the one-component polyurethane foam market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

In 2023, Asia Pacific dominated the one-component polyurethane foam market share. As polyurethane foam provides superior thermal insulation and effectively seals gaps and cracks, it is the most favored choice among builders and developers for a range of residential, commercial, and industrial projects across the region. According to the Sustainable Development Goals 2030, the Asian Development Bank announced its plans to promote inclusive and sustainable industrialization by constructing resilient infrastructure and fostering innovation in Asia Pacific. Many governments across Asia Pacific prioritize infrastructural development projects owing to which several investments are made in large-scale projects, such as transportation networks, energy facilities, and public amenities. According to the Department for Promotion of Industry and Internal Trade report, the Government of India announced its plans to promote infrastructure and construction services through smart city missions, supportive policies, large budget allocation, and flexible FDI norms.

North America held the second-largest share in the one-component polyurethane foam market in 2023. The US one-component polyurethane foam market is growing at a substantial pace owing to the progress of the construction industry and the presence of several prominent automotive manufacturers. According to the OICA, commercial vehicle production in the US increased from 10.1 million in 2022 to 10.6 million vehicles in 2023, nearly 16% higher than in 2022. In addition, the US is witnessing a significant rise in the demand for electric vehicles. According to a 2022 report by the International Energy Agency, the sales of electric cars in the country doubled (6.6 million units) in 2021 compared to 2020; the share of electric vehicles in total vehicle sales increased by 4.5%. Thus, the ongoing proliferation of construction and automotive industries is expected to positively benefit the one-component polyurethane foam market in North America.

One-Component Polyurethane Foam Market Report Scope

Report Attribute Details
Market size in 2023 US$ 3.73 Billion
Market Size by 2031 US$ 6.15 Billion
Global CAGR (2023 - 2031) 6.4%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Raw Material
  • MDI
  • TDI
  • Polyether Polyols
  • Polyester Polyols
By Application
  • Construction
  • Insulation
  • Packaging
  • Automotive
By End-use
  • Residential
  • Commercial
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Henkel AG Co KGaA
  • Sika AG
  • The Dow Chemical Co
  • BASF SE
  • Huntsman Corp
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

One-Component Polyurethane Foam Market News and Recent Developments

The one-component polyurethane foam market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the one-component polyurethane foam market are listed below:

  • In a strategic alliance geared toward driving sustainable change in the construction industry, Polish construction chemicals supplier Selena Group and plastics manufacturer Covestro have united their expertise to craft a more sustainable range of polyurethane foams for enhancing building thermal insulation. This collaboration embodies their shared commitment to embracing a co-creative approach that should spearhead a transformative shift in the construction sector, in line with the principles of the European Green Deal, Fit for 55, and the overarching goal of achieving carbon neutrality in the building sector by 2050. (Source: Covestro, Press Release, September 2023)
  • Automotive experts from Huntsman have added a series of new lightweight, durable polyurethane foam technologies to the company’s battery solutions portfolio that have been developed for the potting and fixation of cells mounted in electric vehicle (EV) batteries. The new range also includes products that can be used as a moldable encapsulant in battery modules or packs. (Source: Huntsman, Press Release, April 2024)

One-Component Polyurethane Foam Market Report Coverage and Deliverables

The “One-Component Polyurethane Foam Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

  • One-component polyurethane foam market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • One-component polyurethane foam market trends as well as market dynamics such as drivers, restraints, and key opportunities
  • Detailed Porter’s Five Forces and SWOT analysis
  • One-component polyurethane foam market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the one-component polyurethane foam market
  • Detailed company profiles
Report Coverage

Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered

Segment Covered

This text is related
to segments covered.

Regional Scope

Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope

Country Scope

This text is related
to country scope.

Frequently Asked Questions


What are the key drivers for the growth of the global one-component polyurethane foam market?

Within residential construction, the versatility of one-component polyurethane (polyurethane) foam extends beyond insulation to other applications such as sealing, bonding, and filling. It is commonly used to seal gaps around windows and doors, adhere to drywall panels, fill voids in concrete structures, and soundproof interior spaces. The ability of one-component polyurethane foam to provide reliable adhesion, moisture resistance, and durability makes it a valuable asset in ensuring the structural integrity and longevity of residential buildings.

Which is the largest region of the global one-component polyurethane foam market?

Asia Pacific is the largest region of global one-component polyurethane foam market. As the region continues to witness an increase in automobile production and sales, there is an increasing demand for vehicles equipped with advanced soundproofing and vibration-damping features. According to the International OICA, Asia-Oceania's vehicle production increased from 50 million in 2022 to 55.1 million in 2023.

Based on the end use, which segment is projected to grow at the fastest CAGR over the forecast period?

In terms of end use, the one-component polyurethane foam market is bifurcated into residential and commercial. In 2023, the residential segment is projected to grow at the fastest CAGR. 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.

Based on raw material, why did the polyether polyols segment account for the largest market share in 2023?

Based on raw material, the one-component polyurethane foam market is segmented into methylene diphenyl diisocyanate, toulene 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.

Can you list some of the major players operating in the global one-component polyurethane foam market?

The major players operating in the global one-component polyurethane foam market are 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.

What are the opportunities for one-component polyurethane foam in the global market?

One-component polyurethane foam is typically with little or no volatile organic compounds (VOC). However, propellants used in some of the aerosol products do contribute to the VOC content. The propellant gas in canned one-component polyurethane foam can contain hazardous air pollutants (HAPs), which have replaced HCFC-22 since 2002. On application, the gas that expels the foam from the aerosol cans is completely released into the atmosphere, contributing to air pollution and posing health risks to both workers and end users.

The List of Companies - One-Component Polyurethane Foam Market

  1. Henkel AG & Co KGaA
  2. Sika AG
  3. The Dow Chemical Co
  4. BASF SE
  5. Huntsman Corp
  6. Industrial Products LTD.
  7. Selena Group
  8. BOSTIK BENELUX B.V. (Den Braven)
  9. Tremco CPG Inc
  10. Soudal Group

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