Polyurethane (PU) Resin Global Market Report 2026

Polyurethane (PU) resin is a versatile polymer produced by reacting polyols with isocyanates, allowing the formation of both flexible and rigid materials. It is highly valued for its durability, lightweight properties, thermal insulation capabilities, and resistance to abrasion and chemicals. PU resins are extensively utilized in foams, coatings, adhesives, sealants, and elastomers across sectors such as construction, automotive, furniture, and electronics.

The primary types of polyurethane (PU) resin include thermosetting polyurethane resins and thermoplastic polyurethane resins. Thermosetting polyurethane resins are materials that permanently solidify after curing and offer high durability and strong chemical resistance. These resins are available in forms such as liquid, solid, and powder and are further categorized by cure type, including moisture-cured polyurethanes, heat-cured polyurethanes, and ultraviolet light-cured polyurethanes. They are also segmented by resin type into solvent-based resins, water-based resins, and others, with key applications spanning construction, transportation, pharmaceuticals, paints and coatings, and other sectors.

Tariffs are influencing the polyurethane (PU) resin market by increasing the cost of imported raw materials such as isocyanates, polyols, and specialty chemical additives used in resin manufacturing. This is raising production costs for downstream sectors including construction, automotive, furniture, and electronics, particularly in import-dependent regions such as Asia-Pacific and Latin America. Thermoplastic and solvent-based polyurethane resin segments are most affected due to their reliance on global chemical supply chains and petrochemical imports. However, tariffs are also encouraging local chemical production, regional supply chain diversification, and increased investment in domestic resin manufacturing facilities, improving long-term supply stability and cost optimization.

The polyurethane (PU) resin market size has grown steadily in recent years. It will grow from $7.17 billion in 2025 to $7.52 billion in 2026 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to rising demand from construction and infrastructure development, increasing automotive production and lightweight material adoption, growth in furniture and bedding foam applications, expansion of industrial adhesives and sealants usage, and increasing use of protective coatings in manufacturing industries.

The polyurethane (PU) resin market size is expected to see strong growth in the next few years. It will grow to $9.22 billion in 2030 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to expansion of electric vehicle manufacturing and lightweight material demand, rising adoption of sustainable and bio based resin systems, increasing demand for energy efficient insulation materials, growth in circular economy driven recyclable polymer solutions, technological advancements in high performance polyurethane formulations. Major trends in the forecast period include bio based and low voc polyurethane resin formulations for sustainable manufacturing applications, high performance lightweight polyurethane foams for electric vehicle and aerospace components, smart polyurethane coatings with enhanced durability and corrosion resistance, recyclable thermoplastic polyurethane materials for circular economy applications, advanced water borne polyurethane resin systems for eco friendly construction and coatings.

The growing construction and infrastructure activities are expected to drive the growth of the polyurethane (PU) resin market going forward. Construction and infrastructure activities refer to the development, expansion, and maintenance of buildings, roads, bridges, and other physical structures that support economic and social functions. The growth in construction and infrastructure activities is driven by rapid urbanization, as increasing population migration to cities creates higher demand for residential buildings, transportation networks, and essential public infrastructure. Polyurethane (PU) resins are widely used in construction applications such as insulation, coatings, sealants, and adhesives due to their durability, flexibility, and energy-efficient properties. For instance, in July 2023, according to the Australian Bureau of Statistics, an Australia-based government administration, the number of dwellings under construction in the March quarter of 2023 increased by 1.3% to 240,813 units, surpassing the previous record of 240,065 units reported in the March quarter of 2022. Therefore, the growing construction and infrastructure activities are driving the growth of the polyurethane (PU) resin market.

Major companies operating in the polyurethane (PU) resin market are focusing on developing innovative products such as ether-based thermoplastic polyurethane to improve durability, hydrolysis resistance, and performance in demanding applications. Ether-based thermoplastic polyurethane (TPU) is a type of polyurethane produced using polyether polyols, known for its excellent flexibility, high resistance to hydrolysis, and strong performance in wet and humid environments. For instance, in June 2023, BASF SE, a Germany-based chemical company, launched Elastollan ECO, an ether-based thermoplastic polyurethane series. It is a high-performance ether-based TPU designed to offer superior hydrolysis resistance, flexibility at low temperatures, and enhanced durability under dynamic stress conditions. It provides improved chemical resistance and long-term mechanical stability, making it suitable for demanding applications such as automotive interiors, cable sheathing, hydraulic hoses, industrial films, and footwear components. The product also supports efficient processing through conventional thermoplastic methods like injection molding and extrusion, enabling manufacturers to achieve consistent quality and reduced production complexity compared to conventional PU elastomers.

In May 2025, the Abu Dhabi National Oil Company (ADNOC), a UAE-based oil company, acquired Covestro AG for $16.3 billion. With this acquisition, the Abu Dhabi National Oil Company aims to expand its presence in the global chemicals and advanced materials sector while strengthening its capabilities in polyurethane resins and high-performance polymer materials. Covestro AG is a Germany-based company providing high-performance polymer materials, including polyurethane resins, coatings, adhesives, and polycarbonates used across automotive, construction, and industrial applications.

Major companies operating in the polyurethane (pu) resin market are BASF SE, Dow Chemical Inc, Wanhua Chemical Group Co. Ltd., Asahi Kasei Corporation, Evonik Industries AG, Arkema S.A., Mitsui Chemicals Inc., Huntsman Corporation, DIC Corporation, Tosoh Corporation, The Lubrizol Corporation, Carpenter Co., Stepan Company, Inoac Corporation, Kumho Mitsui Chemicals Inc., Woodbridge Foam Corp., Era Polymers Pty Ltd., Prasol Chemicals Ltd., Alchemie Ltd.

North America was the dominant region polyurethane (PU) resin in the market in 2025. Asia-Pacific is expected to be the rapidly expanding region in the forecast period. The regions covered in polyurethane (PU) resin report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the polyurethane (PU) resin market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The polyurethane (PU) resin market consists of sales of polyurethane adhesives, polyurethane coatings, polyurethane sealants, polyurethane elastomers, and polyurethane foams. 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.

The polyurethane (PU) resin market research report is one of a series of new reports from The Business Research Company that provides polyurethane (PU) resin market statistics, including polyurethane (PU) resin industry global market size, regional shares, competitors with a polyurethane (PU) resin market share, detailed polyurethane (PU) resin market segments, market trends and opportunities, and any further data you may need to thrive in the polyurethane (PU) resin industry. This polyurethane (PU) resin 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.

Polyurethane (PU) Resin 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 (pu) resin 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.

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Where is the largest and fastest growing market for polyurethane (pu) resin ? 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 (pu) resin 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.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Thermosetting Polyurethane Resins; Thermoplastic Polyurethane Resins
• 2) By Form: Liquid; Solid; Powder
• 3) By Cure Type: Moisture Cured Polyurethanes; Heat Cured Polyurethanes; Ultraviolet Light Cured Polyurethanes
• 4) By Resin Type: Solvent Based Resin; Water Based Resins; Other Resin Types
• 5) By Application: Construction; Transportation; Pharmaceuticals; Paints And Coatings; Other Applications
• Subsegments:
• 1) By Thermosetting Polyurethane Resins: Rigid Polyurethane Resins; Flexible Polyurethane Resins; High Density Polyurethane Resins; Low Density Polyurethane Resins; Structural Polyurethane Resins
• 2) By Thermoplastic Polyurethane Resins: Polyester Based Thermoplastic Polyurethane Resins; Polyether Based Thermoplastic Polyurethane Resins; Polycaprolactone Based Thermoplastic Polyurethane Resins; High Performance Thermoplastic Polyurethane Resins; Recyclable Thermoplastic Polyurethane Resins
• Companies Mentioned: BASF SE; Dow Chemical Inc; Wanhua Chemical Group Co. Ltd.; Asahi Kasei Corporation; Evonik Industries AG; Arkema S.A.; Mitsui Chemicals Inc.; Huntsman Corporation; DIC Corporation; Tosoh Corporation; The Lubrizol Corporation; Carpenter Co.; Stepan Company; Inoac Corporation; Kumho Mitsui Chemicals Inc.; Woodbridge Foam Corp.; Era Polymers Pty Ltd.; Prasol Chemicals Ltd.; Alchemie Ltd.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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