The global market volume of polyurethane amounted to nearly ***** million metric tons in 2022. It is forecast that the global market volume of polyurethane will grow to ***** million tons in the year 2030.

The global polyurethane market size is projected to grow from USD 76.06 billion in 2025 to USD 101.72 billion by 2033, exhibiting a CAGR of 3.7%.
Report Scope:

The Polyurethane Market Report Segments the Industry by Type (Rigid Foam, Flexible Foam, and More), Raw Material (Methylene Diphenyl Di-Isocyanate (MDI), Toluene Di-Isocyanate (TDI), Polyether Polyols, and More), End-User Industry (Furniture, Building and Construction, and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa).

The market value of polyurethane amounted to roughly ***** billion U.S. dollars in 2022. It is forecast that the global polyurethane market will be worth some ***** billion U.S. dollars in the year 2030.

The Report Covers the Global Polyurethane Market is Segmented By Type (MDI and PMDI, TDI, Polyols, Others), By Application (Adhesives and Sealants, Elastomers, Additives and Modifiers, Foams, Others), By End-user (Building, Construction, and Infrastructure, Chemical Manufacturing, Mobility, Packaging, Consumer Goods, Electronics, Consumer Goods, Others) and Region. Key Players covered in this report are Covestro, BASF, Huntsman, Dow Chemical, Mitsui Chemicals, Henkel AG, H.B. Fuller, Wanhua Chemical Group, Sekisui Chemical, Ultratech, Sika AG, Arkema, Mapei, Ashland, 3M, Jowat SE and Others.

According to Cognitive Market Research, the global Polyurethane market size is USD 81.0 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031. Market Dynamics of Polyurethane Market

Key Drivers for Polyurethane Market

Increasing Furniture Foam Demand - The product is primarily employed as a foam in the furniture industry for cushioning and bedding applications. It is the optimal material for the furniture industry because of its durability, flexibility, and ability to offer comfort. The demand for furniture is expanding at a rapid pace worldwide as a result of the evolving lifestyles of individuals and the growing global population. This is expected to stimulate global market expansion. There is a significant demand for the housing sector in the global construction industry. The demand for furniture is being further stimulated. The demand for furniture in the construction industry is anticipated to be supported by the rising business demand for chairs and couches. These factors will serve as catalysts for market expansion.
Flexibility and unique polyurethane qualities are anticipated to drive the Polyurethane market's expansion in the years ahead.

Key Restraints for Polyurethane Market

Environmental concerns and exposure hazards may poses a serious threat to the Polyurethane industry.
The market also faces significant difficulties related to growing demand for acid-epoxy compounds.

Introduction of the Polyurethane Market

The polymer polyurethane (PU or PUR) is composed of polyols and isocyanate linkages that are sequenced in an alternative manner. This substance is produced through the reaction between isocyanate and polyols. There are two versions of it: thermoplastic polymer and thermosetting polymer. Gaskets, elastomers, high-performance adhesives, synthetic fibers, and surface coatings are among the items for which it is frequently employed. It is also anticipated that the market will be positively impacted by the growing adoption of sophisticated production technologies with innovative features. As an illustration, the creation of semi-interpenetrating polymer networks (IPN) through the combination of TPU and PU acrylate oligomers and their subsequent radiation curing. The polymer's extensive array of applications, such as footwear, biomedical, packaging, and transportation, is the primary factor contributing to the market's growth. Bio-based polyurethane coatings have been widely employed in place of petrochemical-based coatings due to their biodegradability, affordability, and reduced environmental impact.

USD 73350.01 Million in 2024; projected USD 101012.5 Million by 2033; CAGR 3.7%.

Polyurethane Market Outlook

According to our latest research, the global polyurethane market size reached USD 82.3 billion in 2024, demonstrating robust demand across diverse industries. The market is projected to expand at a CAGR of 5.4% from 2025 to 2033, reaching a value of approximately USD 131.2 billion by 2033. This steady growth trajectory is primarily driven by the increasing use of polyurethane in construction, automotive, and furniture sectors, coupled with rising demand for energy-efficient materials and innovative end-use applications.

The growth of the polyurethane market is underpinned by the material's remarkable versatility and superior performance characteristics. Polyurethane's adaptability allows it to be engineered into flexible foams, rigid foams, coatings, adhesives, sealants, and elastomers, making it indispensable across a wide range of industries. Its lightweight nature, high durability, and excellent thermal insulation properties make polyurethane a preferred choice in the construction industry for insulation panels, spray foams, and sealants. Additionally, the ongoing trend towards green building initiatives and energy-efficient infrastructure is fueling the adoption of polyurethane-based products, as they contribute to reduced energy consumption and enhanced structural integrity.

Another significant growth driver is the expanding automotive and transportation sector, where polyurethane is extensively used for lightweighting, noise reduction, and comfort enhancement. The push towards electric vehicles and stricter emission regulations are prompting manufacturers to adopt advanced materials like polyurethane to achieve improved fuel efficiency and lower environmental impact. Polyurethane foams are widely utilized in automotive interiors, seating, and headrests, while rigid foams find applications in lightweight structural components. Furthermore, the increasing demand for high-performance adhesives and coatings in automotive assembly is further bolstering market growth. The global shift towards sustainable mobility solutions is expected to create new avenues for polyurethane applications in the coming years.

The rapid urbanization and rising disposable incomes in emerging economies are also playing a pivotal role in the expansion of the polyurethane market. As urban populations grow, there is an escalating demand for modern furniture, high-quality mattresses, and advanced consumer electronics, all of which rely heavily on polyurethane components. The proliferation of e-commerce and the changing lifestyles of consumers are driving the need for innovative packaging solutions and comfortable footwear, further propelling market demand. Moreover, ongoing investments in infrastructure development in Asia Pacific, Latin America, and the Middle East & Africa are expected to sustain the momentum of polyurethane consumption across various end-use industries.

The solvolysis of polyurethanes is emerging as a promising method for recycling and reusing polyurethane materials, which are otherwise challenging to break down. This process involves the chemical breakdown of polyurethane polymers using solvents, resulting in the recovery of valuable raw materials that can be reused in new production cycles. As the demand for sustainable practices grows, solvolysis offers a viable solution for reducing waste and minimizing the environmental impact of polyurethane disposal. By enabling the recovery of polyols and other components, solvolysis not only supports circular economy initiatives but also aligns with the industry's shift towards greener and more sustainable manufacturing processes. This innovative recycling method is gaining traction as companies seek to address the environmental challenges associated with polyurethane waste.

Regionally, the Asia Pacific market continues to dominate the global polyurethane landscape, accounting for the largest share due to rapid industrialization, urban development, and a robust manufacturing sector. North America and Europe follow closely, driven by technological advancements, stringent energy efficiency standards, and a strong focus on sustainable construction practices. The Middle East & Africa and Latin America are also witnessing steady growth, fueled by infrastructure investments and expanding automotive and consumer goods industries. Overall

Polyurethane (Pu) Market will grow from USD 80.89 billion in 2024 to USD 122.77 billion by 2034, showing an impressive CAGR of 4.30%

The global polyurethane market size reached a value of over USD 62.07 Billion in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 4.70%, to reach USD 98.25 Billion by 2034.

The size of the Polyurethane Market was valued at USD 54 Billion in 2023 and is projected to reach USD 82.27 Billion by 2032, with an expected CAGR of 6.2% during the forecast period. Recent developments include: October 2021- Huntsman Corp., a specialty chemicals and materials manufacturer, is set to launch the latest joint venture, Huntsman Polyurethanes Automotive Co. Ltd., with KPX Chemical, a Korean polyols supplier, for the development of new innovative polyurethane systems solutions to be used in Korea’s auto industry. This month, the joint venture will begin to manufacture its products at KPX’s Ulsan, Korea manufacturing site. The American firm’s Polyurethanes division and CEO of Huntsman Asia-Pacific, Tony Hankins, said that Korea has always been one of Huntsman’s key markets in the Asia-Pacific region, driving sustained business development in the automotive industry is the company’s primary goal. , September 2021- Sanyo Chemical Industries Ltd. and BASF have announced signing a Memorandum of Understanding for tactical collaboration of PUDs development. Both the market bodies focus on jointly developing and producing innovative products with robust sustainability contributions. Recently, technologies and products had global market access through the two companies’ global production footprint. Sylvain Huguenard, VP, Resins & Additives, Asia-Pacific, BASF, said that the PUD market demand is growing exponentially, and producers are looking for enhanced product performance. The manufacturers are also looking for sustainable solutions to fulfill local regulations or to meet their corporate responsibility goals. The partnership will permit both the market bodies to reduce the time-to-market of their latest technologies and boost conversion to water-based systems. July 2020 – BASF and Yutong Bus Co. Ltd., a world-renowned bus manufacturer have together developed an innovative polyurethane-based seating for the latter’s new-energy advanced buses. The BASF’s Elastoflex PU-based seating offers advanced flame-retardant benefits and adheres to the European directive pertaining to flame resistance. , November 2020 – Trelleborg has launched an anti-microbial AMV Shield system for polyurethane materials. This AMV Shield system instills anti-bacterial, anti-viral, anti-mold and anti-fungal properties to polyurethane materials that can last for over 25 years. Sika has acquired Swiss polyurethane foams systems manufacturer, Polypag. The move is aimed to increase Sika's expertise in polyurethane foam while expanding its product portfolio and production capacity. Polyglass' POLYPUF foam Systems have received regulatory approval for their systems and use of the same as a solution in commercial roofing in high-velocity hurricane zones.. Notable trends are: Growing End-use industry demand is driving the market growth.

Polyurethane Market size and share is estimated to be USD 135.2 Billion by 2034, with a CAGR of 4.2% during the forecast period.

The Global Polyurethane Market is estimated at USD 94.61 billion in 2024 and is forecast to touch USD 170.93 billion by 2033, growing at a CAGR of 8.82% between 2026 and 2033

The global thermoplastic polyurethane (TPU) market was valued at an estimated *** billion U.S. dollars in 2024. It is forecast that the TPU market will reach a global value of over *** billion U.S. dollars by 2033. TPU is used in many medical applications, among other uses.

The Polyurethane (PU) Market size is expected to reach a valuation of USD 126.0 billion in 2033 growing at a CAGR of 5.00%. The Polyurethane (PU) Market research report classifies Market by share, trend, demand, forecast and based on segmentation.

• Polyurethane Market Scope:

The report on Polyurethane Market offers in-depth analysis on market trends, drivers, restraints, opportunities etc. Along with qualitative information, this report include the quantitative analysis of various segments in terms of market share, growth, opportunity analysis, market value, etc. for the forecast years. The global polyurethane market is segmented on the basis of type, application, and geography.

The global Polyurethane market was valued at US$ XX.X Mn in 2018 and is projected to increase significantly at a CAGR of x.x% from 2019 to 2028. Read More

Discover new technologies and application in the global polyurethane market along with key end users and industries which will affect the major market trends.

Polyurethane Market Outlook

According to our latest research, the Global Polyurethane Market size was valued at $78.5 billion in 2024 and is projected to reach $126.4 billion by 2033, expanding at a CAGR of 5.5% during 2024–2033. The primary driver behind this robust market growth is the escalating demand for energy-efficient insulation materials in the construction and automotive sectors worldwide. Polyurethane, due to its versatility, durability, and superior insulating properties, has become a material of choice across diverse industries such as furniture, electronics, footwear, and packaging. The ongoing shift towards sustainable building practices and lightweight vehicle manufacturing further propels the adoption of polyurethane-based products, reinforcing its pivotal role in modern industrial applications.

Regional Outlook

Asia Pacific currently holds the largest share of the global polyurethane market, accounting for over 45% of the total market value in 2024. This dominance is primarily attributed to rapid urbanization, extensive infrastructure development, and burgeoning automotive production in countries such as China, India, and Southeast Asian nations. The region’s mature manufacturing ecosystem, coupled with favorable government policies promoting industrial growth and foreign direct investment, has fostered a robust demand for polyurethane in construction, electronics, and consumer goods. China, in particular, remains a powerhouse, with its well-established supply chains, cost-effective labor, and aggressive expansion of residential and commercial projects, making it a focal point for both domestic and international polyurethane manufacturers.

North America is emerging as the fastest-growing region in the polyurethane market, projected to register a remarkable CAGR of 6.2% during the forecast period. The surge is driven by increasing investments in energy-efficient building solutions, a strong rebound in the automotive industry, and heightened consumer awareness regarding sustainable products. The United States leads the regional growth, supported by stringent energy codes, renovation of aging infrastructure, and a thriving e-commerce sector fueling demand for advanced packaging materials. Additionally, the presence of leading market players, continuous R&D investments, and the adoption of cutting-edge manufacturing technologies are accelerating polyurethane innovation and application diversification across North America.

In contrast, Latin America and the Middle East & Africa are witnessing gradual adoption of polyurethane products, primarily constrained by economic volatility, limited industrial infrastructure, and fluctuating raw material availability. However, these regions present significant untapped potential, especially as governments introduce policies to stimulate construction and local manufacturing. In Latin America, Brazil and Mexico are at the forefront, leveraging their growing automotive and consumer electronics sectors. Meanwhile, the Middle East is capitalizing on urbanization initiatives and mega infrastructure projects, although challenges such as skilled labor shortages and regulatory complexities persist. As these economies continue to stabilize and modernize, localized demand for polyurethane is expected to rise, offering new avenues for market expansion.

Report Scope

The global bio-based polyurethane market size was USD 43.35 million in 2024 & is projected to grow from USD 45.82 million in 2025 to USD 71.39 million by 2033.
Report Scope:

Discover the booming global polyurethane additives market! This comprehensive analysis reveals key trends, drivers, and restraints shaping the future of this $5 billion industry (2025 estimate), with a projected CAGR driving significant growth through 2033. Learn about major players and regional market share.