Global MDI, TDI, and Polyurethane Market Size Study & Forecast, by Application and End-Use, and Regional Forecasts 2025-2035

The Global MDI, TDI, and Polyurethane Market is valued at approximately USD 93.31 billion in 2024 and is poised to expand at a robust CAGR of 6.20% during the forecast period 2025-2035. The steady shift toward lightweight materials, improved insulation systems, and more sustainable construction techniques continues to fuel demand for polyurethanes across diverse industries. MDI (Methylene Diphenyl Diisocyanate) and TDI (Toluene Diisocyanate), as critical precursors for polyurethane synthesis, play an indispensable role in delivering flexible and rigid foam solutions tailored for energy efficiency, structural strength, and aesthetic versatility. With increased consumer preference for eco-conscious materials and stringent energy codes worldwide, polyurethane's insulation, cushioning, and bonding capabilities make it a material of choice for next-generation product engineering.

The surging demand from the construction, automotive, and furniture sectors has been a key force shaping the polyurethane landscape. As construction booms globally-especially in fast-urbanizing economies-rigid foams are increasingly used for thermal insulation in walls, roofs, and pipelines. Simultaneously, flexible foams dominate furniture, bedding, and vehicle interiors, offering comfort and resilience. Moreover, polyurethane-based adhesives, elastomers, and coatings are proving essential in applications where both durability and aesthetic appeal are critical. For instance, elastomers contribute to superior wear resistance in wheels and rollers, while coatings are heavily used in flooring, automotive paints, and marine finishes. The development of bio-based polyols and low-VOC (volatile organic compound) formulations further signals the industry's pivot toward sustainability and regulatory compliance.

Regionally, North America is anticipated to retain a significant share of the market through 2035, driven by advanced manufacturing capabilities, ongoing retrofitting of insulation systems, and steady growth in automotive production. Europe follows closely, backed by energy-efficiency mandates and a matured furniture market. The Asia Pacific region, however, is expected to be the fastest-growing market, spurred by rapid industrialization, infrastructure investments, and expanding middle-class consumer bases in China, India, and Southeast Asia. Initiatives to replace conventional materials with lighter, more durable polyurethane-based alternatives are gaining traction across sectors such as electronics, packaging, and appliances. Meanwhile, Latin America and the Middle East & Africa are exhibiting promising growth patterns, primarily due to infrastructural development, increasing urban migration, and the rise of the construction and automotive sectors.

Major market player included in this report are:

• BASF SE
• Covestro AG
• Huntsman Corporation
• Dow Inc.
• Wanhua Chemical Group Co., Ltd.
• Mitsui Chemicals, Inc.
• Tosoh Corporation
• Chemtura Corporation (LANXESS)
• Woodbridge Foam Corporation
• Recticel NV
• FoamPartner Group
• Carpenter Co.
• INOAC Corporation
• UBE Industries, Ltd.
• Rogers Corporation

Global MDI, TDI, and Polyurethane Market Report Scope:

• Historical Data - 2023, 2024
• Base Year for Estimation - 2024
• Forecast period - 2025-2035
• Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
• Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segments of the market are explained below:

By Application:

• Flexible Foams
• Rigid Foams
• Paints & Coatings
• Elastomers
• Adhesives & Sealants

By End-Use:

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

By Region:

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Key Takeaways:

• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.