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

The Europe one-component polyurethane foam market was valued at US$ 886.28 million in 2023 and is expected to reach US$ 1.41 billion by 2031; it is estimated to register a CAGR of 6.0% from 2023 to 2031.

Soaring Demand from Automotive and Packaging Industries Drives Europe One-Component Polyurethane Foam Market

The automotive and packaging industries are major end-use industries of one-component polyurethane foam. In the automotive industry, one-component polyurethane foam is used to provide sound and vibration dampening, seal joints or cavities to prevent water and oil penetration and provide energy absorption in case of a crash. The automotive industry is growing in various countries across the world due to factors such as the transition toward electric vehicles, economic growth, increasing population, government support for automotive production, and rising investments in the industry. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), the global sales of passenger cars increased from 84.8 million in 2022 to 93.5 million in 2023.

In the UK, the automotive industry is a vital part of the country's economy. According to the Society of Motor Manufacturers and Traders Limited, over 775,014 cars, 101,600 commercial vehicles, and 1.5 million engines were built in the country in 2022. Further, in Germany, the automotive industry is the major contributor to the country's economy. The automobile manufacturers in the country produced over 15.6 million vehicles in 2021. The OEMs of passenger cars and light commercial vehicles in the country generated foreign market revenue of almost EUR 274 billion (~US$ 293 billion) in 2021, a 10% increase compared to 2020.

One-component polyurethane foam, with its excellent cushioning properties and high durability, provides an ideal material for protecting fragile and valuable items, reducing the risk of damage. The growing packaging industry is poised to drive the demand for one-component polyurethane foam significantly. The surge in e-commerce and online shopping has led to an unprecedented increase in the volume of packages being shipped worldwide. This boom necessitates robust and efficient packaging solutions to ensure product safety during transit. Therefore, the strong growth of the automotive industry and packaging in various countries across the world is driving the demand for one-component polyurethane foam.

Europe One-Component Polyurethane Foam Market Overview

According to the FIEC - European Construction Industry Federation, the volume of construction works increased by 15.1% in December 2022 as compared with December 2021. The construction industry stands as a primary driver, propelled by stringent regulations aimed at enhancing energy efficiency in buildings. With a rising focus on reducing carbon emissions and improving insulation standards, polyurethane foam is a versatile solution for effectively sealing gaps and insulating structures. Its ability to create airtight seals and provide superior thermal insulation makes it a preferred choice for builders and contractors seeking sustainable construction materials.

The automotive industry contributes notably to the GDPs of several European countries, including Germany, the UK, and Italy. According to a report by the European Commission, the automotive industry turnover accounts for 7% of the region's total GDP. The region has several prominent automotive players, including Volkswagen AG, Stellantis NV, Mercedes-Benz Group AG, Bayerische Motoren Werke AG, and Renault SA.

As consumer preferences shift toward quieter and more comfortable vehicles, automakers are increasingly integrating polyurethane foam for soundproofing and vibration-dampening purposes. Additionally, the lightweight properties of polyurethane foam aid in enhancing fuel efficiency, aligning with the industry's goals of reducing environmental impact and meeting stringent emission standards.

The packaging industry is also driving demand for polyurethane foam as companies seek innovative solutions to protect goods during transportation and storage. With the rise of e-commerce and the need for secure packaging solutions, polyurethane foam's ability to provide cushioning and shock absorption ensures the safe delivery of fragile items to consumers. Its versatility allows for customization to fit several packaging requirements, further enhancing its appeal across the supply chain. Thus, the Europe one-component polyurethane foam market is witnessing robust growth, fueled by a convergence of factors mentioned above.

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

Europe One-Component Polyurethane Foam Market Segmentation

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

• Based on raw material, the Europe 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 Europe one-component polyurethane foam market share in 2023.
• In terms of application, the Europe one-component polyurethane foam market is segmented into construction, insulation, packaging, automotive, and others. The construction segment held the largest Europe one-component polyurethane foam market share in 2023.
• By end use, the Europe one-component polyurethane foam market is bifurcated into residential and commercial. The residential segment held a larger Europe one-component polyurethane foam market share in 2023.
• By country, the Europe one-component polyurethane foam market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe one-component polyurethane foam market share in 2023.

Henkel AG & Co KGaA, Sika AG, The Dow Chemical Co, BASF SE, Huntsman Corp, Selena Group, BOSTIK BENELUX B.V. (Den Braven), Tremco CPG Inc., and Soudal Group are some of the leading companies operating in the Europe one-component polyurethane foam market.

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