Specialty Chemicals & Polymers

Polyurethane Foam: Market Size, Growth & Forecast to 2030

The Polyurethane Foam market is valued at about $6 billion (2026) and is projected to grow at a 4.7% CAGR through 2030. The largest cost driver is Isocyanates (MDI and TDI) (35% of spend). Asia-Pacific leads demand at 45%.

Market size
$6.00 bn (2026)
CAGR to 2030
+4.7%
Buyer power
Favours buyers
Tracked suppliers
15
Projected market growth (index, 2026 = 100)
Base year 2026
Official data · Claight projectionForecast
Market size index, 2026 = 100, at the 4.7% CAGR.
Forecast
2026
2027
2028
2029
2030
2031
2026 base: 1002031 est: 126

Cost structure

Isocyanates (MDI and TDI)
35%
Polyols
30%
Energy and Utilities
15%
Labor and Overhead
12%
Logistics and Freight
8%

Regional demand split

Asia-Pacific demand
45%
North America demand
25%
Europe demand
20%
Rest of world demand
10%

Key suppliers

BASFCovestroDowHuntsmanWanhua ChemicalMitsui Chemicals
Read the full Polyurethane Foam report →

Claight market analysis of proprietary and public data. Full report: /category-intelligence/polyurethane-foam