Global Polyurethane Market Size, Share, Opportunities And Trends By Product Type (Rigid Foam, Flexible Foam, Coatings, Adhesives & Sealants, Elastomers, Others), By Raw Material Type (Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI), Polyols, Bio-based Materials, Additives), By End-User (Construction, Automotive, Furniture & Interiors, Electronics, Packaging, Footwear), By Formulation (Liquid Polyurethane, Spray Polyurethane, Cast Elastomers, Thermoplastic Polyurethane (TPU), Foamed Polyurethane, Others), By Distribution Channel (Direct Sales, Distributors & Wholesalers, Online Retailers, Specialty Chemical Stores, Industrial Supply Chains), And Geography - Forecasts From 2025 To 2030

The Polyurethane Market will reach US$113.496 billion in 2030 from US$89.233 billion in 2025 at a CAGR of 4.93% during the forecast period.

Polyurethane is a plastic material that exists in various forms. It is versatile and is used in a wide variety of applications to create all kinds of consumer and industrial products. High demand from major end-user segments such as automobiles, fast-moving consumer goods, building and construction, and electronics is driving the polyurethane market growth. Rapid urbanization in developing economies is leading to an increased demand for furniture and other consumer products that are significantly boosting the demand for polyurethane solutions. However, the fluctuating prices of raw materials and the multiple health hazards posed by polyurethane are anticipated to impact the market growth during the forecast period. The North American region holds a substantial market share owing to the high adoption of advanced materials. Geographically, Asia Pacific is estimated to grow significantly due to its industrialization and building and construction activities in countries such as China and India. The burgeoning penetration of bio-based polyurethane due to growing environmental concerns will further boost the market expansion during the forecast period.

Polyurethane Market Growth Drivers:

• Rapid Industrialization and Construction in emerging economies

Industrialization and construction are on a rise in the emerging economies of the world. Countries like India and China are on continuously growing and have also become a hub for multiple multinationals to set up their manufacturing units due to the availability of cheap labor and supportive government policies. The “Make in India” policy adopted by India, has resulted in multiple global brands set up manufacturing units in these regions. Since polyurethane is used in multiple industries such as automotive, furnishing and electronics, the rapid industrialization will lead to a growth in the demand for polyurethane products in the coming years.

Furthermore, improvement in the standards of living and rapid urbanization has also led to an increase in the construction activities in these countries. China, India, South Korea, and Belgium among several others, are some of the countries that are witnessing high construction activities. The increase in construction activities will lead to a direct rise in demand polyurethane due to its high usage in the construction industry. 

• Burgeoning penetration of polyurethane among various end-users

Polyurethane Market Restraints:

• Fluctuation in petroleum prices

The Polyurethane Market Report provides a comprehensive analysis of the global polyurethane industry, delivering strategic insights and data-driven forecasts to equip decision-makers with actionable intelligence. This continuously updated report investigates current market trends, growth opportunities, and competitive dynamics, focusing on key product types such as rigid foam, flexible foam, and coatings, raw material types like MDI, TDI, and polyols, and end-users including construction, automotive, and furniture. It explores formulations such as liquid, spray, and cast elastomers, and distribution channels like direct sales, distributors, and online platforms. The report integrates technological advancements, regulatory frameworks, and macroeconomic factors to present a holistic view of the Polyurethane Market.

Polyurethane Market Segmentation Analysis

• The automotive sector is significantly contributing to market growth

By application, the global polyurethane market is segmented as automotive, building and construction, furnishing, electronics, packaging, and others. Automotive is expected to hold a significant market share due to increasing automotive production and rising expenditure on the maintenance and modification of automobiles. Polyurethane is widely used in the automotive industry for various applications, including seating, exterior, reaction injection-molded, and in several body parts. Mileage is one of the most important factors affecting the sale of the vehicle, and the manufacturers are looking for innovative and cost-effective solutions to reduce the overall weight of the vehicle while keeping the downtime as low as possible. Polyurethane is one of the major solutions adopted by automotive manufacturers owing to its lightweight, durability, and comfort, offered to consumers. The major factors driving the demand for this polymer are the increase in automotive manufacturing worldwide. The developing countries hold a significant market share for automotive production and will remain the prime focus for existing polyurethane suppliers.

In addition to the use of this polymer in the manufacturing stage, its rising use in the maintenance and modification process will add to its demand in the coming years. The automobile owners are increasing their expenditure to improve the comfort of the automobile by installing new seats and changing the RIMs to improve the mileage of the vehicle. In addition, maintenance expenditure on various parts of the body, such as windshields, car coating, steering wheels, dashboards, and carpet backing, will augment the growing demand for polyurethane for automotive applications during the forecast period.

Increasing construction expenditure towards building new houses will be a major factor responsible for the burgeoning demand for this polymer in the building and construction industry. In addition, booming demand for office and home furniture in the developing nations due to escalating disposable income and the exploding number of SMEs will augment the demand for this polymer for coating purposes. Electronics and packaging will record a modest growth throughout the forecast period. 

• The US market is witnessing considerable growth

Similarly, the recovery of the economy from the recession and the efforts by the government of the United States to boost domestic manufacturing are expected to drive jobs and disposable income, which is expected to supplement the domestic manufacturing that uses polyurethane as a component. The growing residential construction and furniture manufacturing within the country is expected to drive the demand for polyurethane significantly. Additionally, anticipating higher revenues, some manufacturers expanded the polyurethane production to generate higher revenues and improve their share.

 

Asia Pacific polyurethane market is estimated to hold a significant share and is further anticipated to grow rapidly on account of the growing construction industry, which in turn, is driving the demand for polyurethane. The European polyurethane market is estimated to grow steadily during the forecast period.  

Polyurethane Market Segmentations:

Polyurethane Market Segmentation by product type:

The market is analyzed by product type into the following:

• Rigid Foam
• Flexible Foam
• Coatings
• Adhesives & Sealants
• Elastomers
• Others

Polyurethane Market Segmentation by raw material type:

The report analyzes the market by raw material type as below:

• Methylene Diphenyl Diisocyanate (MDI)
• Toluene Diisocyanate (TDI)
• Polyols
• Bio-based Materials
• Additives

Polyurethane Market Segmentation by end-user:

The report analyzes the market by end-user as below:

• Construction
• Automotive
• Furniture & Interiors
• Electronics
• Packaging
• Footwear

Polyurethane Market Segmentation by formulation:

The report analyzes the market by formulation as below:

• Liquid Polyurethane
• Spray Polyurethane
• Cast Elastomers
• Thermoplastic Polyurethane (TPU)
• Foamed Polyurethane
• Others

Polyurethane Market Segmentation by distribution channel:

The report analyzes the market by distribution channel as below:

• Direct Sales
• Distributors & Wholesalers
• Online Retailers
• Specialty Chemical Stores
• Industrial Supply Chains

Polyurethane Market Segmentation by regions:

The study also analysed the Polyurethane Market into the following regions, with country-level forecasts and analysis as below:

• North America (US, Canada, and Mexico)
• South America (Brazil, Argentina, and Others)
• Europe (Germany, UK, France, Spain, and Others
• Middle East and Africa (Saudi Arabia, UAE, and Others)
• Asia Pacific (China, Japan, India, South Korea, Thailand, Indonesia, and Others)

Polyurethane Market Competitive Landscape:

The global polyurethane sector features leading players such as BASF SE, Covestro AG, Dow Inc., Huntsman Corporation, Wanhua Chemical Group Co., Ltd., Mitsui Chemicals Inc., LANXESS AG, Recticel NV/SA, Tosoh Corporation, DIC Corporation, Mitsui Chemicals, Inc., Mitsubishi Chemical Co., Ltd., PSI Urethanes, Inc., PRECISION URETHANE and DSM-Firmenich.

Polyurethane Market Report Coverage:

This report provides extensive coverage as explained in the points below:

• Market size, forecasts, and trends by product type, with historical revenue data and analysis focusing on key factors driving adoption, current challenges faced by key players, and major growth areas
• Market size, forecasts, and trends by raw material type, with historical revenue data and analysis
• Market size, forecasts, and trends by end-user, with historical revenue data and analysis
• Market size, forecasts, and trends by formulation, with historical revenue data and analysis
• Market size, forecasts, and trends by distribution channel, with historical revenue data and analysis
• Market size, forecasts, and trends across different regions, with historical data, regional share, attractiveness, and opportunities in various countries, alongside growth prospects and key players operating in these markets
• Analysis of macroeconomic factors, economic scenarios, and other complementing factors aiding market growth
• Market dynamics: Detailed coverage of growth factors, restraints, and opportunities, presented with a complete market scenario using Porter’s Five Forces model
• Competitive Intelligence: A thorough investigation of the competitive structure through a proprietary vendor matrix model, market share analysis of key players, insights on strategies, and recent major developments undertaken by companies to gain a competitive edge
• Research methodology: Assumptions and sources considered to arrive at final market estimates, refined through bottom-up and top-down approaches to enhance forecast reliability and trustworthiness

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Polyurethane Market Scope:

Report Metric	Details
Polyurethane Market Size in 2025	US$89.233 billion
Polyurethane Market Size in 2030	US$113.496 billion
Growth Rate	CAGR of 4.93%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Product Type Raw Material Type End-User Formulation Distribution Channel Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Polyurethane Market	BASF SE Covestro AG Dow Inc. Huntsman Corporation Wanhua Chemical Group Co., Ltd.
Customization Scope	Free report customization with purchase

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1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. POLYURETHANE MARKET BY PRODUCT TYPE

5.1. Introduction

5.2. Rigid Foam

5.3. Flexible Foam

5.4. Coatings

5.5. Adhesives & Sealants

5.6. Elastomers

5.7. Others

6. POLYURETHANE MARKET BY RAW MATERIAL TYPE

6.1. Introduction

6.2. Methylene Diphenyl Diisocyanate (MDI)

6.3. Toluene Diisocyanate (TDI)

6.4. Polyols

6.5. Bio-based Materials

6.6. Additives

7. POLYURETHANE MARKET BY END-USER

7.1. Introduction

7.2. Construction

7.3. Automotive

7.4. Furniture & Interiors

7.5. Electronics

7.6. Packaging

7.7. Footwear

8. POLYURETHANE MARKET BY FORMULATION

8.1. Introduction

8.2. Liquid Polyurethane

8.3. Spray Polyurethane

8.4. Cast Elastomers

8.5. Thermoplastic Polyurethane (TPU)

8.6. Foamed Polyurethane

8.7. Others

9. POLYURETHANE MARKET BY DISTRIBUTION CHANNEL

9.1. Introduction

9.2. Direct Sales

9.3. Distributors & Wholesalers

9.4. Online Retailers

9.5. Specialty Chemical Stores

9.6. Industrial Supply Chains

10. POLYURETHANE MARKET BY GEOGRAPHY

10.1. Introduction

10.2. North America

10.2.1. USA

10.2.2. Canada

10.2.3. Mexico

10.3. South America

10.3.1. Brazil

10.3.2. Argentina

10.3.3. Others

10.4. Europe

10.4.1. United Kingdom

10.4.2. Germany

10.4.3. France

10.4.4. Italy

10.4.5. Spain

10.4.6. Others

10.5. Middle East and Africa

10.5.1. Saudi Arabia

10.5.2. UAE

10.5.3. Others

10.6. Asia Pacific

10.6.1. China

10.6.2. Japan

10.6.3. India

10.6.4. South Korea

10.6.5. Taiwan

10.6.6. Thailand

10.6.7. Indosneisa

10.6.8. Others

11. COMPETITIVE ENVIRONMENT AND ANALYSIS

11.1. Major Players and Strategy Analysis

11.2. Market Share Analysis

11.3. Mergers, Acquisitions, Agreements, and Collaborations

11.4. Competitive Dashboard

12. COMPANY PROFILES

12.1. BASF SE

12.2. Covestro AG

12.3. Dow Inc.

12.4. Huntsman Corporation

12.5. Wanhua Chemical Group Co., Ltd.

12.6. Mitsui Chemicals Inc.

12.7. LANXESS AG

12.8. Recticel NV/SA

12.9. Tosoh Corporation

12.10. DIC Corporation

12.11. Mitsui Chemicals, Inc.,

12.12. Mitsubishi Chemical Co., Ltd.

12.13. PSI Urethanes, Inc.

12.14. PRECISION URETHANE

12.15. DSM-Firmenich

13. APPENDIX

13.1. Currency 

13.2. Assumptions

13.3. Base and Forecast Years Timeline

13.4. Key benefits for the stakeholders

13.5. Research Methodology 

13.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

BASF SE

Covestro AG

Dow Inc.

Huntsman Corporation

Wanhua Chemical Group Co., Ltd.

Mitsui Chemicals Inc.

LANXESS AG

Recticel NV/SA

Tosoh Corporation

DIC Corporation

Mitsui Chemicals, Inc.,

Mitsubishi Chemical Co., Ltd.

PSI Urethanes, Inc.

PRECISION URETHANE

DSM-Firmenich