At 5.5% CAGR, Middle East & Africa One-Component Polyurethane Foam Market is Projected to be Worth US$ 400.66 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa one-component polyurethane foam market was valued at US$ 261.00 million in 2023 and is expected to reach US$ 400.66 million by 2031, registering a CAGR of 5.5% from 2023 to 2031. Rapid growth in residential construction sector and soaring demand from automotive and packaging industries are among the critical factors attributed to drive the Middle East & Africa one-component polyurethane foam market growth.

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. As urbanization and population continue to surge globally, there is an increasing demand for housing, leading to a significant uptick in residential construction activities. Several government bodies across different countries support the development of the residential construction sector. For instance, in Saudi Arabia, Sakani was formed in 2017 by the Ministry of Housing and the Real Estate Development Fund to facilitate home ownership in the Kingdom by creating new housing stock, allocating plots and homes to nationals, and financing their purchase. The program has an aim of reaching 70% home ownership by 2030. The Sakani program helped 70,000 families in the first quarter of 2021, surpassing its goal of providing 51,000 families. In addition, to speed up the "Yangi O'zbekiston" (New Uzbekistan) project and meet the population's ever-growing demand for housing, the Government of Uzbekistan announced the volume of new housing construction to be doubled in 2023. According to the proposal, the annual volumes of new housing construction by private contracting organizations will be doubled to 90,000 (compared to 44,000 in 2022) in 53 of the "Yangi O'zbekiston" residential areas and other 161 sites.

Therefore, various government-supportive measures for the development of the residential construction sector are leading to an increase in residential construction activities. This is creating demand for different construction materials, thereby driving the one-component polyurethane foam market growth.

On the contrary, stringent government regulations hamper the growth of Middle East & Africa one-component polyurethane foam market.

Based on raw material, the Middle East & Africa one-component polyurethane foam market is divided into methylene diphenyl diisocyanate, toluene diisocyanate, polyether polyols, polyester polyols, and others. The polyether polyols segment held 37.6% market share in 2023, amassing US$ 98.01 million. It is projected to garner US$ 149.35 million by 2031 to register 5.4% CAGR during 2023–2031.

In terms of application, the Middle East & Africa one-component polyurethane foam market is segmented into construction, insulation, packaging, automotive, and others. The construction segment held 31.2% share of Middle East & Africa one-component polyurethane foam market in 2023, amassing US$ 81.41 million. It is anticipated to garner US$ 134.44 million by 2031 to expand at 6.5% CAGR during 2023–2031.

By end use, the Middle East & Africa one-component polyurethane foam market is bifurcated into residential and commercial. The commercial segment held 63.6% share of Middle East & Africa one-component polyurethane foam market in 2023, amassing US$ 166.06 million. It is projected to garner US$ 263.43 million by 2031 to expand at 5.9% CAGR from 2023 to 2031.

Based on country, the Middle East & Africa one-component polyurethane foam market is categorized into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 59.5% share of Middle East & Africa one-component polyurethane foam market in 2023. It was assessed at US$ 155.32 million in 2023 and is likely to hit US$ 232.31 million by 2031, registering a CAGR of 5.2% during 2023–2031.

Key players operating in the Middle East & Africa one-component polyurethane foam market are Henkel AG & Co KGaA, Sika AG, The Dow Chemical Co, BASF SE, Huntsman Corp, Selena Group, Tremco CPG Inc., and Soudal Group, among others.

• In September 2022, Covestro offered polyether polyols using bio-circular¹ feedstock. Together with renewable1 toluene diisocyanate (TDI) and climate-neutral² methylene diphenyl diisocyanate (MDI), the company can supply both key raw material components for the production of polyurethane (polyurethane) foams based on alternative raw materials. Like TDI and MDI, the polyols are produced with the help of the mass balance approach using renewable precursors – from biowaste and residual materials – which are allocated to the products by calculation.
• In February 2022, Evonik has developed a chemical recycling process for converting flexible polyurethane foams back to the original polyol raw material. As the next phase of the development, Evonik will scale-up trials of its new hydrolysis process in partnership with The Vita Group, a provider of flexible polyurethane foam products.

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