What is Home Furnishings?
Home goods refer to various commodities designed and manufactured for the convenience, comfort and beauty of family life, including but not limited to furniture, home appliances, kitchen supplies, bathroom supplies, bedding, decorations and smart home devices. Therefore, the household products industry covers a variety of product categories. With the improvement of people’s quality of life and consumption upgrade, this industry has gradually developed into a diversified, globalized and highly competitive market.
Global Home Furnishings Market Size
The global home furnishings market has continued to grow in the past few years, especially against the backdrop of rising consumer attention to quality of life, improved home environment, and smart homes.
Global market size: According to data from multiple market research institutions, the global home furnishings market will be worth approximately $600 billion in 2023 and is expected to continue to grow in the coming years. By 2027, the global home furnishings market is expected to reach $750 billion, with a CAGR of approximately 4%-5%.
Market segment analysis:
- Furniture market: Furniture is an important part of the home furnishings industry and is expected to account for the largest share of the global home furnishing market, with a global furniture market size of approximately $450 billion in 2023.
- Home appliances: With the popularity of smart home devices, the home appliance market is also showing a growth trend. Smart home products (such as smart appliances, lighting, security systems, etc.) will become key areas of future growth. It is expected that the global smart home market will reach $150 billion by 2026.
- Home textile products: including bedding, curtains, carpets, etc. The home textile industry also shows a stable growth trend. It is estimated that the scale of the global home textile market will be US$130 billion in 2023.
Regional Distribution of the Home Furnishings Market
Why Polyurethane is Best for Home Furnishings?
Polyurethane (PU) is one of the most widely used synthetic polymer materials. Its unique physical properties (such as high elasticity, durability, thermal insulation, etc.) make it an important part of the home furnishing industry. Polyurethane can not only adjust between flexibility and rigidity, but also has customizable properties, making it an ideal material for products such as mattresses, sofas, furniture, and home decoration. As consumers’ requirements for comfort, environmental protection and durability increase, the demand for polyurethane in the home furnishing industry continues to grow.
Application of Polyurethane in Home Goods Industry
Mattress industry: Polyurethane foam, especially memory foam, is a common material in mattresses. Polyurethane has good elasticity and can provide personalized support according to the body shape and weight of the human body, improving comfort. According to Allied Market Research, the market size of polyurethane mattresses has reached US$7 billion in 2023 and is expected to reach US$12 billion by 2030, with an average annual growth rate of 7.6%.
Home goods filling material: Polyurethane foam is widely used as filling material for home furnishings such as sofas, chairs, pillows, etc. Its good elasticity and comfort make polyurethane foam the main choice in the furniture industry, especially in the mid-to-high-end market.
Soft package material: Polyurethane soft package material is widely used to make wall soft package, seats and cushions, etc. Its wear resistance and elasticity make it one of the commonly used materials in the soft package industry.
UREXCEED® high pressure foam injection machine and low pressure foam making machine is suitable for making home goods like mattress, pillows, back support cushion, sofa seat cushion and so on. Our machine is equipped with diversified configurations like high, medium and low, which is suitable for customers with different budget. UREXCEED® has professional mold engineer who can help our customers making PU foam mold according to customers’ 3D drawing files or PU foam product sample.
UREXCEED® has always adhered to the business philosophy of providing customers with one-stop service. In addition to the foaming machines and molds mentioned above, we can also customize complete production solutions according to customer requirements, including raw materials, molds, machines, production lines and all the supporting equipment and raw materials required for production, like memory foam pillow production line, pu foam mattress production line, pu mat production line and so on. Let customers only need us to solve all their product production needs without having to look for different suppliers everywhere.
Polyurethane in Home Furnishings Market Growth Drivers
Consumer demand for comfort: Polyurethane foam materials, especially memory foam, can provide excellent support and comfort, which meets consumers’ demand for comfortable bedding and furniture.
Environmental protection and sustainability requirements: With the increasing awareness of environmental protection and the trend of green consumption, the demand for environmentally friendly polyurethane materials such as water-based polyurethane has increased. These materials have low VOC emissions, are non-toxic, and are recyclable, which meet the requirements of green homes.
Customized and personalized home design: The customizability of polyurethane materials allows it to adapt to the needs of different styles and designs. With consumers’ pursuit of personalized home design, the flexibility and diversity of polyurethane materials make it an important material in customized furniture, customized mattresses and other home furnishings, which can meet consumers’ pursuit of personalized and customized home furnishings.
Integration of smart homes: The rapid development of smart homes and home automation equipment will promote the integrated application of polyurethane materials in home products. For example, polyurethane materials may be combined with smart mattresses, smart sofas, etc. to achieve a more comfortable and efficient home life.
Market Challenges of Polyurethane in Home Goods
Fluctuation of raw material prices: The prices of the main raw materials of polyurethane (such as isocyanate, polyether polyol, etc.) fluctuate greatly, which may affect the cost control of household products manufacturers and thus affect the price of the final product.
Increasingly stringent environmental standards: With the gradual tightening of environmental regulations, the restrictions on harmful substances in household products are gradually strengthened, which requires polyurethane manufacturers to continuously optimize their products to ensure that they meet the environmental standards of various markets.
Consumer sensitivity to material performance and price: Consumers are highly sensitive to the comfort and price of household products. Although polyurethane materials have excellent performance, their high cost may limit their application in some low-end markets.
Conclusion
The application of polyurethane materials in the household products industry has broad market prospects. With the increasing demand of consumers for comfort, environmental protection and customization, the polyurethane household products market will continue to expand in the next few years. Especially in the fields of mattresses, furniture, home decoration, soft packaging materials, etc., polyurethane will occupy an increasingly important position due to its unique properties. Compared with other materials such as natural latex, down, and fiberboard, polyurethane has a wider range of applications and a higher cost-effectiveness, especially in the mid-end market. With the improvement of environmental awareness, environmentally friendly polyurethane materials will gradually occupy a dominant position in the market, and the polyurethane household products market is expected to maintain steady growth in the next few years.
If you have already been involved in the home furnishings industry and have any problems with your machine or want to expand production and purchase new machines, please contact UREXCEED®. If you are new to the home furnishings industry and want to delve deeper into this industry, you are even more welcome to contact UREXCEED®. We are very happy to be your guide and help you open up the polyurethane market.