| Product Code: ETC8633011 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Nigeria continued to rely on a diverse range of countries for its polyurethane foam imports, with top exporters including Italy, Greece, UAE, India, and Egypt. Despite the variety of sources, the Herfindahl-Hirschman Index (HHI) indicated low concentration in the market. However, the industry faced challenges with a negative Compound Annual Growth Rate (CAGR) of -3.16% from 2020 to 2024 and a declining growth rate of -7.86% from 2023 to 2024. These trends suggest a need for strategic planning and market adaptation in the Nigerian polyurethane foam import sector.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Polyurethane Foam Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Polyurethane Foam Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Polyurethane Foam Market - Industry Life Cycle |
3.4 Nigeria Polyurethane Foam Market - Porter's Five Forces |
3.5 Nigeria Polyurethane Foam Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Polyurethane Foam Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Nigeria Polyurethane Foam Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for comfortable and durable bedding solutions in Nigeria |
4.2.2 Growth in the construction and automotive industries driving the demand for polyurethane foam products |
4.2.3 Rising consumer preference for eco-friendly and sustainable foam materials |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Competition from alternative materials like memory foam and latex |
4.3.3 Challenges in recycling and disposal of polyurethane foam waste |
5 Nigeria Polyurethane Foam Market Trends |
6 Nigeria Polyurethane Foam Market, By Types |
6.1 Nigeria Polyurethane Foam Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Polyurethane Foam Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Nigeria Polyurethane Foam Market Revenues & Volume, By Rigid Foam, 2021- 2031F |
6.1.4 Nigeria Polyurethane Foam Market Revenues & Volume, By Flexible Foam, 2021- 2031F |
6.1.5 Nigeria Polyurethane Foam Market Revenues & Volume, By Spray Foam, 2021- 2031F |
6.2 Nigeria Polyurethane Foam Market, By End-use Industry |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Polyurethane Foam Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.3 Nigeria Polyurethane Foam Market Revenues & Volume, By Electronics, 2021- 2031F |
6.2.4 Nigeria Polyurethane Foam Market Revenues & Volume, By Footwear, 2021- 2031F |
6.2.5 Nigeria Polyurethane Foam Market Revenues & Volume, By Packaging, 2021- 2031F |
6.2.6 Nigeria Polyurethane Foam Market Revenues & Volume, By Others, 2021- 2031F |
7 Nigeria Polyurethane Foam Market Import-Export Trade Statistics |
7.1 Nigeria Polyurethane Foam Market Export to Major Countries |
7.2 Nigeria Polyurethane Foam Market Imports from Major Countries |
8 Nigeria Polyurethane Foam Market Key Performance Indicators |
8.1 Average selling price of polyurethane foam products in Nigeria |
8.2 Number of new product launches in the polyurethane foam market |
8.3 Percentage of revenue from innovative and sustainable foam products |
9 Nigeria Polyurethane Foam Market - Opportunity Assessment |
9.1 Nigeria Polyurethane Foam Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Polyurethane Foam Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Nigeria Polyurethane Foam Market - Competitive Landscape |
10.1 Nigeria Polyurethane Foam Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Polyurethane Foam Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here