The global market volume of polyurethane amounted to nearly 25.78 million metric tons in 2022. It is forecast that the global market volume of polyurethane will grow to 31.27 million tons in the year 2030.

Global Polyurethane Market to hit USD 198.8B by 2029 growing at 13.3% CAGR. Explore trends, drivers, and competition for strategic insights with The Business Research Company.

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.

The market value of polyurethane amounted to roughly 67.13 billion U.S. dollars in 2022. It is forecast that the global polyurethane market will be worth some 93.48 billion U.S. dollars in the year 2030.

Global Polyurethane (PU) Market size & share value expected to touch USD 118.46 Billion by 2032, to grow at a CAGR of 5.4% during the forecast period.

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.

The size and share of the market is categorized based on Application (Furniture & Interiors, Construction, Electronics & Appliances, Automotive, Footwear, Packaging) and Product (Rigid Foam, Flexible Foam, Coatings, Adhesives & Sealants, Elastomers) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The Report Covers the Global Polyurethane Dispersion Market by Type and is Segmented by Application (Foams, Coatings, Adhesives and Sealants, and Other Applications), End-user Industry (Transportation, Footwear and Textile, Construction, Packaging, Furniture, and Bedding, Electronics, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, and Rest of the World). The market size and forecasts are provided in terms of volume (kilotons) for all the above segments.

Polyol and Polyurethane Market size was valued at USD 29.42 Billion in 2024 and is projected to reach USD 42.48 Billion by 2031, growing at a CAGR of 4.7% from 2024 to 2031.

Global Polyol And Polyurethane Market Drivers

Construction Industry: In the construction industry, polyols and polyurethanes are extensively utilized for structural materials, sealants, roofing, insulation, and adhesives. The need for polyols and polyurethanes is driven by the expansion of the construction sector, especially in emerging economies and infrastructure development projects.

Vehicle Industry: Polyurethane materials find widespread usage in vehicle applications, including insulation, bumpers, interior trim, and seat cushions. The need for polyols and polyurethanes is increased by the expansion of the automotive sector, which is fueled by factors such rising vehicle production, lightweighting trends, and consumer desire for fuel-efficient cars.

Furniture and Bedding: Because polyurethane foam is comfortable, long-lasting, and reasonably priced, it is frequently utilized in furniture and bedding applications. The need for polyols and polyurethanes is fueled by the expansion of the furniture and bedding industries, which is in turn driven by factors like urbanization, changing consumer lifestyles, and increased disposable income.

Insulation and Refrigeration: Buildings, cold storage facilities, freezers, and refrigerators all use polyurethane foams as thermal insulation. The need for polyols and polyurethanes is driven by the growing refrigeration sector, legislation requiring the use of insulating materials with improved thermal performance, and a rising focus on energy efficiency.

Flexible Packaging: Because polyurethane materials are resilient, moisture-resistant, and have barrier qualities, they are used in flexible packaging applications. The need for flexible packaging solutions is increasing because to the increased demand for packaged food, drinks, pharmaceuticals, and consumer goods. This is driving up the need for polyols and polyurethanes.

Global Polyurethane Market Size By Product (Coatings, Adhesives, Elastomers), By Application (Construction, Automotive, Furniture), By Geographic Scope And Forecast

Non-Ionic Aqueous Polyurethane Market size was valued at USD 12 Billion in 2024 and is projected to reach USD 21.8 Billion by 2031, registering a CAGR of 8.73% from 2024 to 2031.

Global Non-Ionic Aqueous Polyurethane Market Drivers

Stringent Environmental Regulations: Government regulations, particularly in developed regions like North America and Europe, are enforcing limits on VOC emissions in industrial applications. This regulatory pressure has pushed manufacturers and end-users to adopt waterborne technologies like non-ionic aqueous polyurethane as alternatives to solvent-based products, spurring market growth.

Growing Automotive Industry: The automotive sector is a significant consumer of coatings, adhesives, and sealants. Non-ionic aqueous polyurethanes are widely used due to their excellent properties, including flexibility, chemical resistance, and durability. With the automotive industry prioritizing lightweight materials and sustainable manufacturing processes, the adoption of these polyurethanes is rising.

The Report Covers Expanded Thermoplastic Polyurethane Market Growth and it is Segmented by Application (Extruded Products, Injection Molded Products, Adhesives, and Other Applications), End-user Industry (Construction, Automotive, Footwear, Medical, Electrical and Electronics, Heavy Engineering, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The market size and forecasts for all the above segments are Provided in revenue (USD million).

Global Polyurethane Market reached US$ 82.2 billion in 2023 and is expected to reach US$ 117.5 million by 2031

According to Cognitive Market Research, The Global Glass Fiber Reinforced Polyurethane market size is USD XX billion in 2023 and will expand at a CAGR of 7.20% from 2023 to 2030.

The demand for Glass Fiber Reinforced Polyurethane is rising due to the numerous strategies adopted by key participants.
Demand for injection molding remains higher in the Glass Fiber Reinforced Polyurethane market.
The automotive category held the highest Glass Fiber Reinforced Polyurethane market revenue share in 2023.
North American Glass Fiber Reinforced Polyurethane will continue to lead, whereas the European Glass Fiber Reinforced Polyurethane market will experience the most substantial growth until 2030.

Increased Demand from the Automotive Industry to Provide Viable Market Output

Due to its strength and lightweight, Glass Fiber Reinforced Polyurethane (GFRP) is becoming a material of choice for automotive applications. It is often used in parts including dashboards, interior panels, and bumpers. Because GFRP helps reduce weight in automobiles, its use has been spurred by the automotive industry's growing emphasis on fuel efficiency. Because of its strength and lightweight, GFRP is a great material for a variety of applications in the changing automotive production landscape. This is in line with the industry's goal of finding materials that improve performance and fuel efficiency.

Rising Infrastructure Development to Propel Market Growth

Glass fiber-reinforced polyurethane, or GFRP is being used more and more in infrastructure development projects, including pipes, buildings, and bridges. The advantages of GFRP are its affordability, resilience to corrosion, and longevity. It is a dependable building material that is resilient and long-lasting in a variety of environmental settings. The composite is a preferred option for many infrastructure applications due to its relative price, which also adds to its appeal. The flexible features of glass fiber reinforced polymer (GFRP) position it as a beneficial alternative to meet the growing demand for durable and sustainable construction materials. This helps to develop and prolong infrastructure projects worldwide.

Market Dynamics of the Glass Fiber Reinforced Polyurethane

Limited Availability to Restrict Market Growth

Comparing the availability of glass fiber-reinforced polyurethane (GFRP) to more widely used materials can create difficulties for manufacturers. Factors like specialist applications and specialized production techniques could be the cause of limited accessibility. Obtaining GFRP may provide challenges for manufacturers, which could disrupt supply chains and raise expenses. The specific blend of glass fibers and polyurethane that makes GFRP a rare composite could be the cause of its scarcity. For enterprises that depend on GFRP in their manufacturing processes, supplier relationships, and strategic planning are crucial due to the material's restricted availability despite its beneficial features.

Impact of COVID-19 on the Glass-Reinforced Polyurethane Market

COVID-19 slightly impacted the market for glass fiber-reinforced polyurethane (GFRP). After being initially unsettled by issues with the supply chain and delays in building, the market proved resilient as demand began to increase. The pandemic highlighted the need for GFRP and other adaptable, strong materials in a variety of industries. The GFRP market is expected to develop as economies recover because of the growing emphasis on high-strength, lightweight solutions. The pandemic's effects hastened the realization of GFRP's adaptability, which has aided in its continued use by businesses looking for novel and resilient materials for a range of uses. Introduction of The Glass Fiber Reinforced Polyurethane Market

The manufacturing and distribution of composite materials made of glass fibers and polyurethane resins are covered under the glass fiber reinforced polyurethane (GFRP) market. Because it combines strength, flexibility, and resistance to corrosion, glass fiber reinforced polymer (GFRP) is a good choice for applications in the construction, automotive, and marine industries, where strong, lightweight materials are crucial. The remarkable features of glass fiber-reinforced polyurethane (GFRP) are propelling the market's noteworthy growth. The strength of glass fibers and the adaptability of polyurethane are combin...

Rigid Foam: Rigid polyurethane foam is widely used in construction as an insulation material due to its excellent thermal and acoustic insulation properties. It is also employed in the automotive industry for structural components.Flexible Foam: Flexible polyurethane foam is utilized in furniture, bedding, and packaging. Its flexibility and cushioning properties make it ideal for comfort and protection.Coatings: Polyurethane coatings provide excellent protection against corrosion, chemicals, and abrasion. They are commonly used in industrial, automotive, and marine applications.Adhesives & Sealants: Polyurethane adhesives and sealants offer superior adhesion and durability. They are used in construction, automotive, and packaging industries.Elastomers: Polyurethane elastomers possess high elasticity and wear resistance. They find applications in tires, hoses, and belts. 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 Foam Machines Market size was valued at USD 12.51 Billion in 2023 and is projected to reach USD 29.71 Billion by 2030, growing at a CAGR of 8.52% during the forecast period 2024-2030.

Global Polyurethane Foam Machines Market Drivers
The market drivers for the Polyurethane Foam Machines Market can be influenced by various factors. These may include:

Growth of the Construction sector: The construction sector is frequently associated with the demand for polyurethane foam equipment. The need for insulating materials like polyurethane foam rises with increased construction activity, necessitating the need for efficient devices to produce and apply such materials.

Growing Concern for Energy Efficiency: Polyurethane foam’s insulating qualities are well-known, and they help buildings use less energy. The need for foam machines might be driven by the increasing use of polyurethane foam and the requirements pertaining to energy-efficient construction.

Increasing Use in automobile and aircraft Applications: Polyurethane foam is utilized in the automobile and aircraft industries for soundproofing, insulation, and seat cushioning in addition to its use in construction. The growth of these sectors may increase the need for polyurethane foam machinery.

Innovation and Technological Developments: The market may be driven by developments in technology pertaining to the manufacture and application of polyurethane foam. Machines with increased accuracy, efficiency, and environmentally friendly characteristics can draw greater interest from businesses.

Regulatory Environment: The market for polyurethane foam may be impacted by modifications to building standards and environmental regulations that encourage the use of sustainable and energy-efficient products. Adoption of polyurethane foam and related equipment could rise if these restrictions are followed.

Global Economic Trends: The demand for polyurethane foam machines and other construction-related products can be influenced by a number of economic factors, including GDP growth, interest rates, and infrastructure investment.

Consumer Preferences and the Need for Sustainable Products: The market for foam machines may be impacted by the growing demand for ecologically friendly insulating materials like polyurethane foam, which is a result of the increased emphasis on sustainability and eco-friendly products.

Repair and Renovation Activities: The market may expand as a result of the need for polyurethane foam applications, including insulation, in these types of projects. The need for polyurethane foam may rise as a result of renovations made to existing buildings to increase their energy efficiency.

The global polyurethane foam market size is expected to reach USD 110.4 billion by 2028 according to a new study by Polaris Market Research.

The global Polyurethane foams market will expand significantly by xx% CAGR between 2024 and 2031.

The demand for Flexible Foam type is rising in the global Polyurethane foams market. 


The demand for Bedding & Furniture applications is rising in the global Polyurethane foams market. 


Asia-Pacific region will continue to lead, as dominating region and highest compound annual growth rate in the forecast year 2024 to 2031.

Current scenario of the Polyurethane foams market

The key opportunity of the Polyurethane foams market

Increasing demand from the sports and leisure industry drives the polyurethane foam market

Polyurethane foam is highly sought after by the sports and leisure sectors because of its affordability, durability, flexibility, and lightweight. Polyurethane materials are used to make motorcycle and bicycle helmet liners, which act as shock absorbers and cushions. It is utilized in the creation of athlete protective gear for the head and other body parts.

For example, During a 2022 survey, it was found that Black or African Americans spent an average of 5.5 hours a day on leisure and sports activities, which was the most among the given ethnic categories. The least amount of time spent engaged in leisure and sports activities that year was among Hispanic or Latino Americans with an average of 4.35 hours a day.

Source (https://www.statista.com/statistics/189624/daily-average-time-spent-on-sports-and-leisure-in-the-us-by-ethnicity/)

With more people immersing themselves in sports and fitness activities, they are more likely to purchase protective gear for the same. This boosts the polyurethane foam market. The polyurethane foam is also frequently used as padding for sports mats used in gymnastics, martial arts, and wrestling. Two products on the market that use low to medium-density, high-load-bearing materials to mechanically dampen sudden strikes are rugby post protectors and tackle shields. As a result, the market for polyurethane foam will continue to be driven by rising demand for sporting activities.

Key drivers of the Polyurethane foams market

Growth in the construction industry drives the polyurethane foam market

One of the main elements supporting the market's optimistic outlook is the substantial expansion of the building sector, which is occurring in tandem with the growing demand for products from the furnishings industry. The industry is also expanding as a result of the extensive usage of flexible and semi-rigid polyurethane foams in residential and commercial complexes as a substitute for coatings, paints, and adhesives.

For example, The surge in building activity in developing countries is increasing the demand for faster construction. The Global Powers of Construction (GPoC) estimates that in 2022, revenue will reach US$ 1,940 trillion, a 6.3% growth. Despite challenges like rising commodity prices, supply chain interruptions, and inflation spurred on by a European war, construction sales increased. However, 2023 is expected to see little development because of the weak economy, growing building material costs, and a labor shortage.

Source (https://www.deloitte.com/global/en/Industries/energy/perspectives/deloitte-global-powers-of-construction.html)

The distinctive qualities of polyurethane foams, which address sustainability issues with building walls and other construction components, are responsible for the significant demand for these foams in the building insulation market. PU foams offer excellent levels of insulation. As so, they maximize the amount of usable internal space in structures and permit the use of thin insulating layers. These foams' adaptable qualities make it possible to use them seamlessly in industrial, commercial, and residential structures. Additionally, the resilience of polyurethane foams ensures their long-lasting performance, minimizing waste production during construction and reducing the need for frequent replacements. The market for polyurethane foams is driven by expansion in the construction sector.

Growth in the automotive industry drives the polyurethane foams market

The automotive sector has an extraordinary demand for polyurethane foam. The chemical is widely used in a variety of auto parts, such as windows, doors, interiors, and car bodies. When the product is used in cars, its overall weight i...

Global Bio-Based Polyurethane market size 2025 was XX Million. Bio-Based Polyurethane Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

According to Cognitive Market Research, the global Polyurethane Injections market size will be USD 1624.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 649.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 487.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 373.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 81.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 32.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The building and construction sector category is the fastest growing segment of the Polyurethane Injections industry

Market Dynamics of Polyurethane Injections Market

Key Drivers for Polyurethane Injections Market

Increasing Demand for structural repair solutions globally to Boost Market Growth

The increasing demand for structural repair solutions globally is driven by several key factors. Ageing infrastructure across developed and developing nations necessitates repair and rehabilitation, ensuring structural safety and extending the lifespan of buildings, bridges, and other critical structures. Urbanization and population growth have intensified the need for maintenance and upgrades of existing infrastructure to meet evolving safety standards and accommodate increased usage. Technological advancements in repair materials, such as self-healing concrete and epoxy-based solutions, have improved efficiency and durability, encouraging adoption across various sectors. Government investments in infrastructure revitalization and stringent regulatory frameworks further propel market growth by prioritizing repair over replacement. Additionally, the increasing frequency of natural disasters and climate change-related impacts has highlighted the importance of robust structural repair solutions. These drivers collectively underscore the critical role of innovative repair technologies in addressing global infrastructure challenges, ensuring safety, sustainability, and economic viability.

Rising applications for sealing cracks in infrastructure projects

The rising applications for sealing cracks in infrastructure projects are driven by several key factors. Firstly, increasing investments in construction and infrastructure development worldwide necessitate robust maintenance solutions to enhance structural longevity. Cracks in buildings, bridges, and roadways compromise safety and functionality, creating a high demand for advanced sealing technologies. Secondly, the adoption of sustainable construction practices encourages the use of eco-friendly, durable sealants to minimize environmental impact. Technological advancements, such as high-performance polymers and epoxy-based sealants, further bolster market growth by offering improved flexibility, adhesion, and weather resistance. The rise in urbanization and ageing infrastructure in developed economies also necessitates effective crack-sealing solutions for restoration. Additionally, government regulations emphasizing safety and quality standards drive the adoption of premium sealing materials in infrastructure projects. Together, these drivers underscore the critical role of crack sealing applications in ensuring structural safety, durability, and sustainability in modern construction.

Restraint Factor for the Polyurethane Injections Market

Limits adoption in cost-sensitive construction projects

The key market restraint limiting adoption in cost-sensitive construction projects is the high initial costs of advanced technologies and premium-grade materials. Construction firms operating on tight budgets often prioritize affordability over long-term benefits, making it challenging for high-cost innovations to penetrate this segment. Additionally, the perceived complexity of implementing advanced solutio...