$13.6bn
$XXX.Xm
30,690
703
$X.Xbn
The Urethane Foam Manufacturing industry grew as favorable economic conditions drove demand for products from downstream markets, particularly from construction (IBISWorld report 23) and furniture manufacturing (33712 and 33721) industries. Nonetheless, construction activity has suffered as the Federal Reserve raised interest rates in 2022-2023 to fight inflation, boosting uncertainty for individuals and developers. Rates are still high in 2024 but have since stabilized. Urethane Foam Manufacturing industry revenue has been inching upward at a CAGR of 0.4% over the past five years and is expected to total $14.0 billion in 2024, when revenue will jump by an estimated 0.9%.
Industry revenue has declined at a CAGR of 0.2 % over the past five years, to reach an estimated $13.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Dow Inc. | 1,542.6 | 72.1 | 4.7 | |
Sealed Air Corporation | 1,472.5 | 238.7 | 16.2 | |
Huntsman Corporation | 710.9 | 40.2 | 5.7 |
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Industry revenue is measured across several distinct product and services lines, including Flexible foams, Semi-rigid foams and Rigid foams. Flexible foams is the largest segment of the Urethane Foam Manufacturing in the US.
Flexible foam use is becoming more popular
This industry manufactures plastic foam products (except polystyrene). These products are used to insulate objects or reduce shock in bedding, packaging, seat cushioning, carpet cushioning, car interiors, fluid filtration systems, anti-noise and vibration systems in aircraft, medical devices and several consumer applications, such as sponges, mops, paint brushes and cosmetic applicators.
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NAICS 32615 - Urethane Foam Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The construction sector (IBISWorld report 23) is a primary downstream market for urethane foam manufacturers. Growth in this market boosts demand for insulation products and ...
Learn about an industry's products and services, markets and trends in international trade.
The use of flexible foams is becoming more popular. The segment benefits from the recent popularity of bed-in-a-box systems that primarily use flexible foams to keep weight l...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Manufacturing establishment locations are influenced by their proximity to major markets and material and supply industries. They also tend to be highly correlated with popul...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Manufacturers compete on product design, performance, safety, ease of recycling and other environmental considerations. Consistency of quality, reliability of delivery times,...
Learn about the performance of the top companies in the industry.
Many manufacturers have fewer than 100 employees. Given the diversity of downstream markets, it is difficult for individual companies to obtain a significant market share.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Urethane foam manufacturers face a moderate level of regulation. The regulation includes the use, handling, storage, discharge and disposal of hazardous substances, the disch...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Urethane foam manufacturers are sensitive to upstream input prices, like those of plastic materials and resin. Input cost volatility introduces some uncertainty into the indu...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Urethane Foam Manufacturing in the US industry in United States is $13.6bn in 2024.
There are 703 businesses in the Urethane Foam Manufacturing in the US industry in United States, which has declined at a CAGR of 0.2 % between 2019 and 2024.
The market size of the Urethane Foam Manufacturing in the US industry in United States has been declining at a CAGR of 0.2 % between 2019 and 2024.
Over the next five years, the Urethane Foam Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Urethane Foam Manufacturing market in United States are Dow Inc., Sealed Air Corporation and Huntsman Corporation
Flexible foams and Semi-rigid foams are part of the Urethane Foam Manufacturing in the US industry.
The company holding the most market share in United States is Dow Inc..
The level of competition is low and steady in the Urethane Foam Manufacturing in the US industry in United States.