Global PU Foam Sealing Material Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global PU Foam Sealing Material Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

PU foam sealing material is a material used for filling, sealing, and insulation, which is made of polyurethane (Polyurethane, PU for short). It is a material with good elasticity and adhesion, which can form a closed-cell or open-cell foam structure.

Market Overview:

The latest research study on the global PU Foam Sealing Material market finds that the global PU Foam Sealing Material market reached a value of USD 190.69 million in 2022. It’s expected that the market will achieve USD 232.34 million by 2028, exhibiting a CAGR of 3.35% during the forecast period.

Growing Demand in Construction

The construction industry is a major consumer of PU foam sealing materials, and the demand is expected to continue growing. Increasing construction activities, particularly in emerging economies, and the need for energy-efficient buildings are driving the demand for PU foam sealing materials in applications such as insulation and sealing of windows, doors, and walls.

Focus on Energy Efficiency

With increasing emphasis on energy efficiency and sustainability, there is a growing demand for high-performance PU foam sealing materials. Manufacturers are developing innovative formulations that offer better thermal insulation properties, reduced air leakage, and improved energy efficiency in buildings and other applications.

Expansion in Automotive Sector

The automotive industry is another significant consumer of PU foam sealing materials. As the automotive sector continues to evolve, there is a growing demand for lightweight materials that offer improved acoustic and thermal insulation. PU foam sealing materials are being used in vehicle doors, windows, and other areas to enhance comfort, reduce noise, and improve fuel efficiency.

Region Overview:

China had the highest growth rate of all regions

Company Overview:

For over 50 years, INOAC has been in the business of creating value. While many focus on providing solutions, INOAC's commitment is in working with partners to look forward and not simply solve for today, but to create products and materials for tomorrow.

INOAC was the very first to introduce polyurethane foaming technology in Japan and has become a leading innovator of polyurethane technology worldwide. However, rather than specializing in a single area of business, INOAC has added other materials such as rubber, plastics and compound materials. As their material expertise has expanded, so to have the industries that they contribute to including: automotive, electronics, home furnishings, consumer products, building materials, and healthcare.

The top three companies are INOAC, Rogers Foam Corporation, and NHK SPRING with a revenue market share of 25.23%, 10.87%, and 9.25% in 2023.

Segmentation Overview:

By type,Closed-cell segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Automotive segment occupied the biggest share from 2018 to 2022.

Key Companies in the global PU Foam Sealing Material market covered in Chapter 3:

CeraCon
Winguard Sealing Strip
Saint-Gobain
Rogers Foam Corporation
Leader Seals
LAMATEK, Inc.
NHK SPRING
Rogers Corporation
INOAC
Armacell

In Chapter 4 and Chapter 14.2, on the basis of types, the PU Foam Sealing Material market from 2018 to 2029 is primarily split into:

Open-cell
Closed-cell

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the PU Foam Sealing Material market from 2018 to 2029 covers:

Automotive
Building
Electronics
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)