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US NAICS 32615 | Industry Report

Urethane Foam Manufacturing in the US Industry Data and Analysis

JG
Jullian Guirguis
Analyst New York, United States June 2025

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 2022-2024 to fight inflation, boosting uncertainty for individuals and developers. Rates are still high in 2025 but have since stabilized. Urethane Foam Manufacturing industry revenue has been inching upward at a CAGR of 0.1% over the past five years and is expected to total $13.7 billion in 2025, when revenue will jump by an estimated 1.4%. Profit has declined amid rising labor and purchase fees.

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What's included in this industry analysis

IBISWorld's research coverage on the Urethane Foam Manufacturing industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released June 2025.

About this industry

What's this industry report about?

The Urethane Foam Manufacturing industry in the United States operates under the NAICS industry code 32615. 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. Related terms covered in the Urethane Foam Manufacturing industry in the United States include polyurethane foam, polyols and diisocyanate.

What's included in this industry?

Products and services covered in Urethane Foam Manufacturing industry in the United States include Flexible foams, Semi-rigid foams and Rigid foams.

What companies are included in this industry?

Companies covered in the Urethane Foam Manufacturing industry in the United States include Dow Inc., Huntsman Corporation and Sealed Air Corporation.

Performance

What's included in the Performance chapter?

The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Urethane Foam Manufacturing industry in the United States.

Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.

Products & Markets

What's included in the Products and Markets chapter?

The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Urethane Foam Manufacturing industry in the United States.

Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.

Geographic Breakdown

What's included in the Geographic Breakdown chapter?

The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Urethane Foam Manufacturing industry in the United States.

Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.

Competitive Forces

What's included in the Competitive Forces chapter?

The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Urethane Foam Manufacturing industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.

Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.

Companies

What's included in the Companies chapter?

The Companies chapter covers Key Takeaways, Market Share and Companies in the Urethane Foam Manufacturing industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.

Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.

External Environment

What's included in the External Environment chapter?

The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Urethane Foam Manufacturing industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.

Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.

Financial Benchmarks

What's included in the Financial Benchmarks chapter?

The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Urethane Foam Manufacturing industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.

Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.

Industry Data

What's included in the Industry Data chapter?

The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Urethane Foam Manufacturing industry in the United States.

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Frequently Asked Questions

What is the market size of the Urethane Foam Manufacturing industry in the United States in 2026?

The market size of the Urethane Foam Manufacturing industry in the United States is $13.7bn in 2026.

How many businesses are there in the Urethane Foam Manufacturing industry in the United States in 2025?

There are 669 businesses in the Urethane Foam Manufacturing industry in the United States, which has declined at a CAGR of 0.8 % between 2020 and 2025.

How may import tariffs affect the Urethane Foam Manufacturing industry in the United States?

The Urethane Foam Manufacturing industry in the United States is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.

How may export tariffs affect the Urethane Foam Manufacturing industry in the United States?

The Urethane Foam Manufacturing industry in the United States is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.

Has the Urethane Foam Manufacturing industry in the United States grown or declined over the past 5 years?

The market size of the Urethane Foam Manufacturing industry in the United States has been growing at a CAGR of 0.1 % between 2020 and 2025.

What is the forecast growth of the Urethane Foam Manufacturing industry in the United States over the next 5 years?

Over the next five years, the Urethane Foam Manufacturing industry in the United States is expected to grow.

What are the biggest companies in the Urethane Foam Manufacturing industry in the United States?

The biggest companies operating in the Urethane Foam Manufacturing industry in the United States are Dow Inc., Huntsman Corporation and Sealed Air Corporation

What does the Urethane Foam Manufacturing industry in the United States include?

Flexible foams and Semi-rigid foams are part of the Urethane Foam Manufacturing industry in the United States.

Which companies have the highest market share in the Urethane Foam Manufacturing industry in the United States?

The company holding the most market share in the Urethane Foam Manufacturing industry in the United States is Dow Inc..

How competitive is the Urethane Foam Manufacturing industry in the United States?

The level of competition is moderate and steady in the Urethane Foam Manufacturing industry in the United States.

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