Urethane Foam Manufacturing in the US - Industry Market Research Report

Urethane Foam Manufacturing in the US - Industry Market Research Report

Urethane Foam Manufacturing in the US

The Urethane Foam Manufacturing industry experienced growth as favorable economic conditions have driven demand for products from downstream markets. In particular, the construction (IBISWorld report 23) and furniture manufacturing (33712 and 33721) industries. Nonetheless, construction activity has suffered as the Federal Reserve raised interest rates in 2022-2023 to fight inflation, boosting uncertainty for individuals and developers. Still, industry-wide revenue has increased at a CAGR of 0.1% to an estimated $13.8 billion over the five years to 2023, with a projected 0.9% decrease in 2023 alone, when profit is expected to increase to 6.8% of revenue.

This industry manufactures plastic foam products (except polystyrene). These products are used to insulate objects or reduce shock in bedding, packaging, seat cushioning, carpet cushioning, car interiors, fluid filtration systems, anti-noise and vibration systems in aircraft, medical devices and several consumer applications, such as sponges, mops, paint brushes and cosmetic applicators.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.