One-Component Polyurethane Foam Market Report By Insights, Size, and Growth - 2031

In 2023, the market for one-component polyurethane foam was valued at approximately US$ 3.73 billion and is anticipated to grow to US$ 6.15 billion by 2031, reflecting a compound annual growth rate (CAGR) of 6.4% during the forecast period from 2023 to 2031.

One-component polyurethane (PU) foam is known for its wide-ranging applications, which include not only insulation but also sealing, bonding, and filling. Its properties, such as strong adhesion, moisture resistance, and durability, make it an essential material for maintaining the structural integrity and longevity of residential constructions. In the automotive sector, this type of foam is utilized for sound and vibration dampening, sealing joints and cavities to prevent the ingress of water and oil, and providing energy absorption during collisions. The automotive industry is experiencing growth in various regions globally, driven by factors like the shift towards electric vehicles, economic development, population growth, government initiatives supporting automotive manufacturing, and increased investments in the sector. Technological advancements in application methods, including improved dispensing equipment and automated systems, have facilitated the effective use of one-component PU foam.

The one-component polyurethane foam market is categorized based on raw materials into several segments: methylene diphenyl diisocyanate, toluene diisocyanate, polyether polyols, polyester polyols, and others. As of 2023, the polyether polyols segment dominated the market share and is projected to exhibit the highest CAGR from 2023 to 2031. Polyether polyols are crucial for one-component polyurethane foam as they offer excellent moisture resistance, low viscosity, and high reactivity, which are vital for achieving consistent foam expansion and curing. These characteristics make the foam particularly effective for construction applications, such as sealing and insulating buildings, where durability and reliable performance are paramount. Furthermore, polyether polyols enhance the foam's thermal and acoustic insulation properties, contributing to energy efficiency and comfort in buildings. Their inherent chemical stability ensures that the foam maintains its performance and reliability over time, even in varying environmental conditions.

In 2023, the Asia Pacific region accounted for a substantial share of the one-component polyurethane foam market. The foam's ability to deliver superior thermal insulation and effectively seal gaps and cracks has made it a preferred choice for builders and developers engaged in a variety of residential, commercial, and industrial projects throughout Asia Pacific. Infrastructure development has been a key priority for many governments in the region. In line with the Sustainable Development Goals for 2030, the Asian Development Bank has outlined plans to construct resilient infrastructure, promote inclusive and sustainable industrialization, and encourage innovation. This has led to significant investments in large-scale projects, including transportation networks, energy facilities, and public amenities, thereby increasing the demand for construction materials, including one-component polyurethane foam.

Key players in the one-component polyurethane foam market include Henkel AG & Co KGaA, Sika AG, The Dow Chemical Company, BASF SE, Huntsman Corporation, Industrial Products LTD., Selena Group, BOSTIK BENELUX B.V. (Den Braven), Tremco CPG Inc, and Soudal Group. Additionally, various other companies have been analyzed to provide a comprehensive overview of the market and its ecosystem. The market report on one-component polyurethane foam also features company positioning and concentration analysis to assess the competitive landscape and performance of market participants.

The overall size of the global one-component polyurethane foam market has been determined through a combination of primary and secondary research methods. The research process began with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. Furthermore, numerous primary interviews were conducted with industry stakeholders to validate the findings and gain deeper analytical insights. Participants in these interviews included industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the one-component polyurethane foam market.