Polyurethane (PU) Foam Market Analysis Forecast 2024-2028

Technavio projects that the polyurethane foam market will grow by USD 23.14 billion at a CAGR of 8.12% between 2023 and 2028. This growth is fueled by the foam's versatility and its application in thermal and acoustic insulation for both residential and commercial construction. As energy efficiency and sustainability become priorities, polyurethane foam has emerged as a preferred solution to enhance interior spaces and improve building performance. A key innovation driving the market is the shift toward alternative blowing agents like methylal and hydrofluoroolefins (HFOs), which replace hydrochlorofluorocarbons (HCFCs) and hydrofluorocarbons (HFCs). Despite competition from natural insulation materials and plastic foams, the superior insulation capabilities and multi-functionality of polyurethane foam ensure its continued market growth.
https://www.technavio.com/report/polyurethane-foam-market-industry-analysis