Global One Component Polyurethane Foam Market to Reach $4.7 Billion by 2030
The global market for One Component Polyurethane Foam estimated at US$3 Billion in the year 2023, is expected to reach US$4.7 Billion by 2030, growing at a CAGR of 6.6% over the analysis period 2023-2030. Methylene Diphenyl Diisocyanate (MDI)-based One Component Polyurethane Foam, one of the segments analyzed in the report, is expected to record a 6.3% CAGR and reach US$2 Billion by the end of the analysis period. Growth in the Polyether Polyols-based One Component Polyurethane Foam segment is estimated at 7.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $788 Million, While China is Forecast to Grow at 10.1% CAGR
The One Component Polyurethane Foam market in the U.S. is estimated at US$788 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2030 trailing a CAGR of 10.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 5.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$685.5 Million by the year 2030.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook