PUBLISHER: The Business Research Company | PRODUCT CODE: 1927146
PUBLISHER: The Business Research Company | PRODUCT CODE: 1927146
Polyurethane is a type of plastic polymer material utilized in the creation of modern, versatile, and environmentally friendly consumer and industrial products. It is formed through a chemical reaction involving a polyol (an alcohol with more than two reactive hydroxyl groups per molecule) and a diisocyanate or polymeric isocyanate, in the presence of suitable catalysts and additives. In addition to its widespread use in various applications, polyurethane is also employed in medical devices such as pacemakers, artificial hearts, and other medical equipment designed for blood-contacting applications.
The primary product categories of polyurethane encompass coatings, adhesives and sealants, flexible and rigid foams, elastomers, and other related product types. Adhesives, specifically, are substances capable of effectively bonding materials together through surface attachment, resisting separation. The raw materials used in polyurethane production include MDI, TDI, and polyols. Polyurethane serves end-use industries like furniture manufacturing, construction, electronics and appliances, automotive, footwear, as well as various other sectors.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs have affected the polyurethane market by increasing costs of imported MDI, TDI, and specialty polyols used in foam, coating, and elastomer production. These impacts are most evident in construction, automotive, and furniture segments, especially in regions dependent on chemical imports such as asia pacific and europe. Elevated input costs have influenced pricing and margins for manufacturers. At the same time, tariffs are encouraging local chemical production, alternative feedstock development, and innovation in bio based and cost efficient polyurethane formulations.
The polyurethane market research report is one of a series of new reports from The Business Research Company that provides polyurethane market statistics, including polyurethane industry global market size, regional shares, competitors with a polyurethane market share, detailed polyurethane market segments, market trends and opportunities, and any further data you may need to thrive in the polyurethane industry. This polyurethane market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The polyurethane market size has grown strongly in recent years. It will grow from $90.52 billion in 2025 to $97.71 billion in 2026 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to growth in furniture manufacturing, expansion of construction insulation, widespread use in footwear production, availability of polyols and isocyanates, growth in automotive interiors.
The polyurethane market size is expected to see strong growth in the next few years. It will grow to $132 billion in 2030 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to rising electric vehicle production, growth in sustainable building materials, increasing medical device usage, advancements in bio based polyurethanes, expansion of appliance manufacturing. Major trends in the forecast period include rising demand for flexible and rigid foams, growing use in medical and healthcare devices, increased adoption in automotive lightweighting, expansion of polyurethane coatings and sealants, focus on durable and versatile polymer systems.
The growing construction industry is expected to be a significant driver of the polyurethane market. Polyurethane's versatility and beneficial properties make it a valuable asset in construction applications, contributing to enhanced energy efficiency, durability, and overall performance. For instance, in July 2024, according to the US Census Bureau, a US-based government agency, the value of construction operations increased from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. This substantial growth underscores the importance of the construction sector in driving the polyurethane market.
Major companies operating in the polyurethane market are focusing on developing sustainable solutions, such as bio-circular MDI-based panels, to reduce carbon footprint while preserving key performance characteristics. Bio-circular MDI is produced from renewable or recycled feedstocks, lowering CO2 emissions and supporting energy-efficient construction practices. For instance, in August 2024, Covestro LLC, a US-based chemical manufacturer, partnered with Carlisle Construction Materials, a US-based building materials producer, to create sustainable polyurethane insulation panels under Carlisle's SynTec, Versico, Hunter Panels, and WeatherBond brands. The bio-circular MDI incorporated in these panels reduces approximately 2.4 kg of CO2 per kilogram of MDI and enables up to a 99% reduction in carbon footprint compared with conventional fossil-based MDI. This advancement supports the construction industry's transition to low-carbon, energy-efficient building solutions while maintaining the thermal, mechanical, and durability performance of traditional PU foam.
In June 2023, Mearthane Products Corporation (MPC) acquired American Urethane Inc., providing MPC access to expertise in on-demand thermoset polyurethane products and polyurethane casting and molding capabilities. This acquisition enables MPC to expand its presence in Odenton, Maryland, as American Urethane Inc. specializes in manufacturing polyurethane products.
Major companies operating in the polyurethane market are Dow Chemical Company, BASF SE, Covestro AG, Huntsman Corporation, Eastman Chemical Company, Mitsui Chemicals Inc., DIC Corporation, Nippon Polyurethane Industry Corp. Ltd., Recticel S.A., Woodbridge Foam Corporation, RTP Company Inc., Lanxess AG, Lubrizol Corporation, Tosoh Corporation, DuPont de Nemours Inc., Perstorp AB, Manali Petrochemicals Ltd., Wanhua Chemical Group Co. Ltd., Rampf Holding GmbH & Co. KG, FXI Holdings Inc., Kuwait Polyurethane Industries WLL, Rogers Corporation, Sheela Foam Ltd., INOAC Corporation, American Urethane Inc., TPC Inc., Weaver Industries Inc., FallLine Corporation, Uniflex Inc.
Asia-Pacific was the largest region in the polyurethane market in 2025. North America was the second-largest region in the global polyurethane market. The regions covered in the polyurethane market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the polyurethane market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The polyurethane market consists of the sales of thermoplastic polyurethanes, polyurethane ionomers, binders, and waterborne polyurethane dispersions. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Polyurethane Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses polyurethane market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for polyurethane ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The polyurethane market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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