At 6.9% CAGR, North America One-Component Polyurethane Foam Market is Projected to be Worth US$ 1,690.19 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the North America one-component polyurethane foam market was valued at US$ 992.60 million in 2023 and is expected to reach US$ 1,690.19 million by 2031, registering a CAGR of 6.9% from 2023 to 2031. Rising demand for sustainable & environment-friendly foam and advancements in product technology are among the critical factors attributed to drive the North America one-component polyurethane foam market growth.

One-component polyurethane foam offers several advantages that align with sustainable goals. It is highly energy-efficient, providing superior thermal insulation properties that help reduce the heating and cooling costs of buildings. By improving the energy efficiency of structures, polyurethane foam contributes to lower carbon emissions and reduced reliance on fossil fuels for heating and cooling, thereby supporting environmental sustainability efforts.

Moreover, advancements in polyurethane foam formulations have led to the development of eco-friendly alternatives that use bio-based or recycled materials as feedstocks. These bio-based and recycled polyurethane foams offer comparable performance to traditional petroleum-based foams while reducing reliance on finite fossil fuel resources and mitigating the environmental impact of production. Additionally, these sustainable formulations help address concerns about waste management and contribute to the circular economy by utilizing renewable or recycled materials in foam production. Furthermore, the versatility of one-component polyurethane foam extends its applicability to green building practices and sustainable construction projects. Builders and developers increasingly incorporate polyurethane foam insulation into green building designs to achieve energy-efficient and environmentally friendly buildings that meet green building certifications such as Leadership in Energy and Environmental Design or Building Research Establishment Environmental Assessment Methods. The use of polyurethane foam in green buildings enhances energy efficiency and improves indoor air quality, occupant comfort, and overall building performance while aligning with sustainability objectives. Thus, the rising demand for sustainable and environmentally friendly foam is likely to bring in new trends, which would, in turn, increase the adoption of one-component polyurethane foam across many industries.

On the contrary, stringent government regulations hamper the growth of North America one-component polyurethane foam market.

Based on raw material, the North America one-component polyurethane foam market is divided into methylene diphenyl diisocyanate, toluene diisocyanate, polyether polyols, polyester polyols, and others. The polyether polyols segment held 40.1% market share in 2023, amassing US$ 398.01 million. It is projected to garner US$ 673.16 million by 2031 to register 6.8% CAGR during 2023–2031.

In terms of application, the North America one-component polyurethane foam market is segmented into construction, insulation, packaging, automotive, and others. The construction segment held 31.4% share of North America one-component polyurethane foam market in 2023, amassing US$ 311.92 million. It is anticipated to garner US$ 563.38 million by 2031 to expand at 7.7% CAGR during 2023–2031.

By end use, the North America one-component polyurethane foam market is bifurcated into residential and commercial. The residential segment held 52.8% share of North America one-component polyurethane foam market in 2023, amassing US$ 523.71 million. It is projected to garner US$ 856.67 million by 2031 to expand at 6.3% CAGR from 2023 to 2031.

Based on country, the North America one-component polyurethane foam market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 76.4% share of North America one-component polyurethane foam market in 2023. It was assessed at US$ 758.69 million in 2023 and is likely to hit US$ 1,333.16 million by 2031, registering a CAGR of 7.3% during 2023–2031.

Key players operating in the North America 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, 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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