Microcellular Polyurethane Foam Market was valued at USD 5.06 Billion in 2015, and is projected to reach USD 6.95 Billion by 2021, at a CAGR of 5.5%  due to the increasing demand of light-weight materials by the various end-use industries, major ones being automotive, building & construction, electronics, and aerospace.

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The automotive, building & construction, and electronics segments contributed a major share to the global microcellular polyurethane foam market. The automotive segment is expected to be the fastest-growing application segment of the market, as microcellular polyurethane foams are widely used in this industry to increase comfort, safety, quality, and visual appeal of vehicles. The durability and lightweight properties, combined with their strength, make microcellular polyurethane foams ideal not only for cushioning purposes but also within the bodies of cars, where their insulation properties provide protection against heat and noise of the engine.

The higher the density of the foam, the higher is their cost. High-density foams are widely consumed by the automotive and building & construction industries, while low-density foams are predominantly used by the electronics, medical, and aerospace industries.

Asia-Pacific is expected to be the fastest-growing market for microcellular polyurethane foam, as there is an increasing demand for polyurethane foams from both developed and emerging countries in the region. Key manufacturers in the U.S. and Western Europe are now focusing on establishing their manufacturing base in Asia-Pacific to meet the region’s growing demand. The U.S., China, and Germany are major consumers of microcellular polyurethane foams.

BASF SE (Germany), The Dow Chemical Company (United States), and Huntsman Corporation (United States) are the key players in the global microcellular polyurethane foam market. These companies have been focusing on R&D activities to launch microcellular polyurethane foam products to cater to the requirements of end-use manufacturing industries. This has helped the companies to cater to a broader customer base and helped them achieve growth in this market.

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