Polyurethane Foam Mattress Market Size, Share, Growth, and Industry Analysis, By Type (King Size, Queen Size, and Single Size), By Application (Private Households, Hotels, Hospitals, and Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Polyurethane Foam Mattress Market Report Overview

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The global polyurethane foam mattress market size was USD 9399 million in 2021 and is projected to touch USD 14090.12 million by 2031, at a CAGR of 4.1% during the forecast period.

The polyurethane foam mattress is also called polyfoam. It is one of the most common types of mattress foam. It is also used as a comfort layer in the innerspring mattress. Polyurethane foam is available in three major grades. Regular grade, high density, and great resilience are these. High density and regular grade are inappropriate for a full mattress. Instead, they are frequently utilized as layers when making other mattresses. Polyurethane foam is available in three major grades. Regular grade, high density, and great resilience are these. High density and regular grade are inappropriate for a full mattress. Instead, they are frequently utilized as layers when making other mattresses.

Polyurethane is a very popular and adaptable polymer of plastic that be used for creating a wide variety of products and materials, including liquid paints and primers, car parts, insulation, spray foam, elastic fibers, and even difficult elastomers, same as roller blade wheels. Examples of these products and materials include furniture like sofas and mattresses. Memory foam is a type of polyurethane foam referred to as "viscoelastic" foam or low-resistance polyurethane foam (LRPu). Depending on the kind of foam being produced, different additives and chemicals are added to polyurethane to generate it.

COVID-19 Impact: Market Experienced a Decline in Product Demand Due to the Lockdown

The global COVID-19 pandemic has been unprecedented and staggering, with polyurethane foam mattress experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Since the outbreak of the pandemic, there has been a sharp decline in demand for MDI as a result of the global COVID-19 lockdowns. The major customers in the Asia Pacific either postponed or canceled their advance orders. The sluggish demand for polyurethane foams from the automobile industry in Europe was a major contributor to the region's decreased demand for MDI. In important parts of the world, TDI is in limited supply as a result of the outbreak and spread of the COVID-19 problem. There has been no product flow as the majority of polyurethane businesses have stopped operations, and numerous nations have closed their ports. Several TDI orders have been canceled as a result of this.

LATEST TRENDS

Enhanced Use of the Product in Building Insulations for Energy Conservation to Bolster Growth

The polyurethane foam mattress is utilized in a number of building items and other applications such as insulation, adhesives, sealants, and binders. Due to their considerable flexibility, polyurethane foams lower construction energy use, hence lowering overall infrastructure costs. They give architects the ability to better insulate buildings, which lowers the amount of gas, oil, and electricity used in them. Because of this, the use of polyurethane foams for building insulation has increased. These factors are anticipated to boost the polyurethane foam mattress market growth. The construction industry is rapidly expanding, which is anticipated to boost the demand for polyurethane foam mattresses in the global market and propel market growth.

Polyurethane Foam Mattress Market Segmentation

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• By Type Analysis

By type, the market is segmented into king size, queen size, and single size.

King-size type is forecasted to dominate the market due to the product being adopted rapidly. This segment is expected to hold approximately 38% of the market share. 

• By Application Analysis

Based on application, the market is classified into private households, hotels, hospitals, and others.

The private household application is forecasted to hold a major part of the market, which is more than 85%.

DRIVING FACTORS

"Growing Adoption of Polyols to Surge Product Demand"

Polyurethane foams are primarily produced using polyols. The polyurethane foam sector is constantly pursuing sustainable business methods as a result of growing worries over the usage of fossil fuels and the effects of plastics on the environment. In terms of sustainability and affordability, bio-derived materials such as soy-based polyols offer substantial advantages over traditional polyols. They lessen reliance on raw resources derived from petroleum. These elements present a chance for polyurethane producers to lessen their reliance on petroleum-based raw materials for the creation of these foams and to lower the price of producing these foams.

"Superior Insulation and Environmental Benefits to Garner Growth in the Market"

This product has high levels of recycling and clean incineration for pollution filtration, decreased waste, and increased sustainability. However, a number of federal organizations and governments are growing more worried about the unfavorable health impacts of the isocyanates used in PU manufacture. Consumption is expected to increase because to the increasing demand for automotive parts such as dashboards, armrests, airbags, other exteriors, and other parts of vehicles. Due to qualities like great insulation that make it perfect for walls and roofs in new homes, polyurethane foams are predicted to experience increased market penetration. The environment-friendly nature of polyurethane foam mattresses is expected to gain growth in the market.

RESTRAINING FACTORS

"High Cost of the Product to Hamper Growth in the Market"

The high cost of essential raw materials used to make polyurethane foams, such as toluene di isocyanate, methyl di-p-phenylene, and polymeric isocyanate, results in higher production costs for these foams. These elements make it difficult for the producers of polyurethane foam to keep their production costs under control. These factors are forecasted to impede polyurethane foam mattress market growth.

Polyurethane Foam Mattress Market Regional Insights

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"North America to Dominate the Market Owing to The Various Applications of the Product"

North America is expected to hold a major part of the polyurethane foam mattress market share due to the utilization of the product in packaging applications across the region. The region is anticipated to hold about 26% of the total polyurethane foam mattress market share. The higher demand for king and queen mattresses in the region is forecasted to surge growth in the market.

Asia Pacific is anticipated to show significant growth in the market due to the ever-expanding construction industry, which boosts the demand for mattresses and other things.

KEY INDUSTRY PLAYERS

"Key Players Focusing On Developing More Comfortable Mattresses to Grow in Market"

The polyurethane foam mattress market has a sizable number of prominent competitors and is moderately competitive. A few key players now control a majority of the market in terms of market share. Because of the increasing demands coming from many application segments, businesses are concentrating more on creating better products. For instance, in March 2016, one of the key vendors, Dow Chemical, increased its line of polyurethane-based products to improve its offerings to the infrastructure sector. The key competitors strive to expand their market by launching various products that can be used in marine.

"List of Market Players Profiled"

• Tempur Sealy International (U.S.)
• Serta Simmons Bedding (U.S.)
• Sinomax (U.S.)
• Sleemon (China)
• Recticel (Belgium)
• Corsicana (U.S.)
• MLILY (U.S.)
• Sleep Number (U.S.)
• Hilding Anders (Sweden)
• Ashley (U.S.)
• Pikolin (Spain)
• Derucci (China)
• King Koil (U.S.)

REPORT COVERAGE

An overview of the product is provided along with the product description. Numerous industry elements are included in the research.

• The pandemic's aftereffects and the subsequent lockdown.
• The market's most recent trend is currently fueling expansion.
• The factors are most likely to stimulate market growth.
• The reasons the market is expected to grow more slowly.
• A comprehensive regional analysis of the market is conducted.
• Significant players and their business offices are also covered in the article.