Asia Pacific One-Component Polyurethane Foam Market Forecast to 2031 - Regional Analysis - by Raw Material, Application, and End Use

Description

List of Tables

The Asia Pacific one-component polyurethane foam market was valued at US$ 1,291.65 million in 2023 and is expected to reach US$ 2,235.15 million by 2031; it is estimated to register a CAGR of 7.1% from 2023 to 2031.

Advancements in Product Technology Boost Asia Pacific One-Component Polyurethane Foam Market

Innovations in formulation and application techniques have significantly enhanced the performance characteristics of polyurethane foam, making it more versatile and efficient. Modern one-component polyurethane foams are engineered to offer superior adhesion, faster curing times, and improved thermal and acoustic insulation properties. These enhancements expand the foam's applicability across various industries, including construction, automotive, and packaging, driving broader market adoption. In the construction sector, technological advancements have led to the development of polyurethane foams with enhanced fire resistance and environmental sustainability. These new formulations meet stricter building codes and regulations, particularly in terms of fire safety and reduced emissions of VOCs. Such improvements make one-component polyurethane foams attractive for builders and contractors looking for reliable, compliant, and eco-friendly insulation and sealing solutions. The construction industry's shift toward sustainable building practices further amplifies the demand for advanced polyurethane foam products.

Furthermore, advancements in application technology that have improved dispensing equipment and automated application systems have streamlined the use of one-component polyurethane foam. These innovations reduce waste, enhance precision, and lower labor costs, making polyurethane foam a more cost-effective solution. The ability to apply the foam more efficiently and consistently is particularly advantageous in large-scale manufacturing and construction projects, where time and resource optimization are critical. Subsequently, the continuous technological progress in formulating and applying one-component polyurethane foam opens up new growth opportunities for the market.

Asia Pacific One-Component Polyurethane Foam Market Overview

China, India, South Korea, Japan, and Australia are among the major economies in Asia Pacific. These emerging nations are recording an increase in the middle-class population, coupled with growth in urbanization, which generates massive opportunities for the players in the one-component polyurethane foam market. The construction industry stands as a pivotal force propelling the demand for polyurethane foam. With rapid urbanization and infrastructure development in China, India, and Southeast Asian nations, there is an escalating need for efficient insulation materials to enhance energy efficiency and reduce carbon footprint in buildings. Under the Sustainable Development Goals 2030, the Asian Development Bank has announced its plans to build resilient infrastructure, promote inclusive and sustainable industrialization, and foster innovation in Asia Pacific. Infrastructure development has been a focal point for many governments across Asia Pacific. Investments in large-scale projects, such as transportation networks, energy facilities, and public amenities, have driven demand for construction materials. According to the Department for Promotion of Industry and Internal Trade (DPIIT) report, the Indian Government has announced its plans to boost the infrastructure and construction services through several policies such as large budget allocation to the infrastructure sector, open FDI norms, and smart cities mission. The report also stated that the real estate industry in India is projected to reach US$ 1 trillion by 2030, along with an increased year-on-year infrastructure Capex by 34% to reach US$ 6.7 million. polyurethane foam's capability to provide superior thermal insulation and effectively seal gaps and cracks has positioned it as a favored choice among builders and developers for a wide array of residential, commercial, and industrial projects across the region.

The automotive industry is significantly driving the growth of the one-component polyurethane foam market in Asia Pacific. As the region continues to witness an increase in automobile production and sales, there is an increasing demand for vehicles equipped with advanced soundproofing and vibration-dampening features. According to the International OICA, Asia-Oceania's vehicle production increased from 50 million in 2022 to 55.1 million in 2023. polyurethane foam is extensively utilized in automotive interiors and exteriors to enhance comfort levels and minimize noise, contributing to an enhanced driving experience for consumers across diverse markets. Thus, all these factors are propelling the growth of the one-component polyurethane foam market in Asia Pacific.

Asia Pacific One-Component Polyurethane Foam Market Revenue and Forecast to 2031 (US$ Million)

Asia Pacific One-Component Polyurethane Foam Market Segmentation

The Asia Pacific one-component polyurethane foam market is categorized into raw material, application, end use, and country.

Based on raw material, the Asia Pacific one-component polyurethane foam market is divided into methylene diphenyl diisocyanate, toluene diisocyanate, polyether polyols, polyester polyols, and others. The polyether polyols segment held the largest Asia Pacific one-component polyurethane foam market share in 2023.

In terms of application, the Asia Pacific one-component polyurethane foam market is segmented into construction, insulation, packaging, automotive, and others. The construction segment held the largest Asia Pacific one-component polyurethane foam market share in 2023.

By end use, the Asia Pacific one-component polyurethane foam market is bifurcated into residential and commercial. The residential segment held a larger Asia Pacific one-component polyurethane foam market share in 2023.

By country, the Asia Pacific one-component polyurethane foam market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific one-component polyurethane foam market share in 2023.

Henkel AG & Co KGaA, Sika AG, The Dow Chemical Co, BASF SE, Huntsman Corp, Selena Group, Tremco CPG Inc. and Soudal Group are some of the leading companies operating in the Asia Pacific one-component polyurethane foam market.

Product Code: BMIRE00031313

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Market Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. Asia Pacific One-Component Polyurethane Foam Market Landscape

4.1 Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Threat of New Entrants:
- 4.2.2 Threat of Substitutes:
- 4.2.3 Bargaining Power of Buyers:
- 4.2.4 Bargaining Power of Suppliers:
- 4.2.5 Competitive Rivalry:
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Manufacturers
- 4.3.3 Distributors or Suppliers
- 4.3.4 End-Use Industry
- 4.3.5 List of Vendors in the Value Chain

5. Asia Pacific One-Component Polyurethane Foam Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rapid Growth in Residential Construction Sector
- 5.1.2 Soaring Demand from Automotive and Packaging Industries
5.2 Market Restraints
- 5.2.1 Stringent Government Regulations
5.3 Market Opportunities
- 5.3.1 Advancements in Product Technology
5.4 Future Trends
- 5.4.1 Rising Demand for Sustainable and Environment-Friendly Foam
5.5 Impact of Drivers and Restraints:

6. One-Component Polyurethane Foam Market - Asia Pacific Market Analysis

6.1 Asia Pacific One-Component Polyurethane Foam Market Volume (Kilo Tons), 2021-2031
6.2 One-Component Polyurethane Foam Market Volume Forecast and Analysis (Kilo Tons)
6.3 One-Component Polyurethane Foam Market Revenue (US$ Million), 2023-2031
6.4 One-Component Polyurethane Foam Market Forecast and Analysis

7. Asia Pacific One-Component Polyurethane Foam Market Revenue Analysis - by Raw Material

7.1 MDI (Methylene Diphenyl Diisocyanate)
- 7.1.1 Overview
- 7.1.2 MDI (Methylene Diphenyl Diisocyanate): One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)
7.2 TDI (Toluene Diisocyanate)
- 7.2.1 Overview
- 7.2.2 TDI (Toluene Diisocyanate): One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Polyether Polyols
- 7.3.1 Overview
- 7.3.2 Polyether Polyols: One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)
7.4 Polyester Polyols
- 7.4.1 Overview
- 7.4.2 Polyester Polyols: One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)
7.5 Others
- 7.5.1 Overview
- 7.5.2 Others: One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)

8. Asia Pacific One-Component Polyurethane Foam Market Volume and Revenue Analysis - by Application

8.1 Construction
- 8.1.1 Overview
- 8.1.2 Construction: One-Component Polyurethane Foam Market - Volume and Forecast to 2031 (Kilo Tons)
- 8.1.3 Construction: One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Insulation
- 8.2.1 Overview
- 8.2.2 Insulation: One-Component Polyurethane Foam Market - Volume and Forecast to 2031 (Kilo Tons)
- 8.2.3 Insulation: One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Packaging
- 8.3.1 Overview
- 8.3.2 Packaging: One-Component Polyurethane Foam Market - Volume and Forecast to 2031 (Kilo Tons)
- 8.3.3 Packaging: One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)
8.4 Automotive
- 8.4.1 Overview
- 8.4.2 Automotive: One-Component Polyurethane Foam Market - Volume and Forecast to 2031 (Kilo Tons)
- 8.4.3 Automotive: One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)
8.5 Others
- 8.5.1 Overview
- 8.5.2 Others: One-Component Polyurethane Foam Market - Volume and Forecast to 2031 (Kilo Tons)
- 8.5.3 Others: One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)

9. Asia Pacific One-Component Polyurethane Foam Market Revenue Analysis - by End-use

9.1 Residential
- 9.1.1 Overview
- 9.1.2 Residential: One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Commercial
- 9.2.1 Overview
- 9.2.2 Commercial: One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)

10. Asia Pacific One-Component Polyurethane Foam Market - Country Analysis

10.1 Asia Pacific
- 10.1.1 Asia Pacific One-Component Polyurethane Foam Market Revenue and Forecast and Analysis - by Country
  - 10.1.1.1 Asia Pacific One-Component Polyurethane Foam Market Volume and Forecast and Analysis - by Country
  - 10.1.1.2 Asia Pacific One-Component Polyurethane Foam Market Revenue and Forecast and Analysis - by Country
  - 10.1.1.3 Australia One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.3.1 Australia One-Component Polyurethane Foam Market Breakdown by Raw Material
    - 10.1.1.3.2 Australia One-Component Polyurethane Foam Market Breakdown by Application
    - 10.1.1.3.3 Australia One-Component Polyurethane Foam Market Breakdown by End-use
  - 10.1.1.4 China One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.4.1 China One-Component Polyurethane Foam Market Breakdown by Raw Material
    - 10.1.1.4.2 China One-Component Polyurethane Foam Market Breakdown by Application
    - 10.1.1.4.3 China One-Component Polyurethane Foam Market Breakdown by End-use
  - 10.1.1.5 India One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.5.1 India One-Component Polyurethane Foam Market Breakdown by Raw Material
    - 10.1.1.5.2 India One-Component Polyurethane Foam Market Breakdown by Application
    - 10.1.1.5.3 India One-Component Polyurethane Foam Market Breakdown by End-use
  - 10.1.1.6 Japan One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.6.1 Japan One-Component Polyurethane Foam Market Breakdown by Raw Material
    - 10.1.1.6.2 Japan One-Component Polyurethane Foam Market Breakdown by Application
    - 10.1.1.6.3 Japan One-Component Polyurethane Foam Market Breakdown by End-use
  - 10.1.1.7 South Korea One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.7.1 South Korea One-Component Polyurethane Foam Market Breakdown by Raw Material
    - 10.1.1.7.2 South Korea One-Component Polyurethane Foam Market Breakdown by Application
    - 10.1.1.7.3 South Korea One-Component Polyurethane Foam Market Breakdown by End-use
  - 10.1.1.8 Rest of Asia Pacific One-Component Polyurethane Foam Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.8.1 Rest of Asia Pacific One-Component Polyurethane Foam Market Breakdown by Raw Material
    - 10.1.1.8.2 Rest of Asia Pacific One-Component Polyurethane Foam Market Breakdown by Application
    - 10.1.1.8.3 Rest of Asia Pacific One-Component Polyurethane Foam Market Breakdown by End-use

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions

13. Company Profiles

13.1 Henkel AG & Co KGaA
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Sika AG
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 The Dow Chemical Co
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 BASF SE
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Huntsman Corp
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Selena Group
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Tremco CPG Inc.
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 Soudal Group
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments

14. Appendix

14.1 About The Insight Partners