The global polyurethane foam market is expected to reach a size of USD 91.96 billion in 2024. Rising demand in the building insulation segment, bedding and furniture industry, and end-use industries such as packaging and footwear will further drive the growth. The global polyurethane foam market demand in 2015 was 946 It is estimated that it will reach 12.74 million tons by 2024, with a compound annual growth rate of 3.3% from 2016 to 2024. 

Flexible foam is the main product of this sector, accounting for 55% of the global transaction volume in 2015. Terminal industries such as Transportation and furniture upholstery applications

Soft foam is the main product in this segment, accounting for 55% of the global transaction volume in 2015. High demand in end industries such as transportation and furniture upholstery applications is expected to drive growth, with the construction industry accounting for a quarter of the total transaction volume in 2014 One, rising construction spending coupled with regulatory intervention is expected to continue to drive growth in this segment.

The highest growth in the transportation industry was as high as 4.1%. Rising vehicle production in Asian countries such as India, China, Indonesia and Thailand is expected to act as a key driver. Emerging economies China and India are the main consumers of polyurethane foam, and are characterized by abundant supply of raw materials and rapid exaggeration.