Get the latest insights on price movement and trend analysis of Polyurethane in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

During Q1 2025, U.S. Polyurethane Resin prices rose by approximately 6%, driven by tight supplies, logistics issues, and rising feedstock costs. In January, prices increased due to a 1% rise in TDI prices and cold weather disruptions impacting logistics. U.S. producers maintained firm pricing, while downstream demand from construction remained moderate. Trade uncertainties and a potential strike also added to market tensions.

In Q4 2023, polyurethane hits 1885 USD/MT in the US up to December, the prices of Polyurethane Resin fell slightly by around 1.5% before rising by 2%, mainly due to prices of feedstock namely; Methylene Diphenyl Diisocyanate and Toluene Diisocyanate.

Explore IMARC’s newly published report, titled Polyurethane Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data, offers an in-depth analysis of polyurethane pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Graph and download economic data for Producer Price Index by Industry: Urethane and Other Foam Product Manufacturing: Polyurethane Foam Formed and Slab Stock for Pillows, Seating, and Cushioning (PCU32615032615041) from Dec 2005 to Jun 2025 about stocks, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

The polyurethane (PU) resin prices in the United States for Q3 2024 reached 1865 USD/MT in September. The market faced price increases due to supply issues with MDI and TDI feedstock and higher transportation costs from weather disruptions. While there were no major plant shutdowns, reduced production was anticipated.

United States - Producer Price Index by Industry: Urethane and Other Foam Product Manufacturing: All Other Miscellaneous Polyurethane Foam Products was 122.08000 Index Dec 2003=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Urethane and Other Foam Product Manufacturing: All Other Miscellaneous Polyurethane Foam Products reached a record high of 123.00900 in May of 2024 and a record low of 98.80000 in September of 2018. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Urethane and Other Foam Product Manufacturing: All Other Miscellaneous Polyurethane Foam Products - last updated from the United States Federal Reserve on July of 2025.

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 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).

Graph and download economic data for Producer Price Index by Industry: Urethane and Other Foam Product Manufacturing: All Other Miscellaneous Polyurethane Foam Products (PCU3261503261506) from Dec 2003 to Jun 2025 about miscellaneous, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

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 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.

Rising sustainability concerns are leading to growing preference for environment-friendly solutions. Sustainability practices in building & construction projects need to be implemented at the initial stages for effective outcomes, which is set to generate high demand for polyurethane. The global polyurethane market is estimated at US$ 93.7 billion in 2024 and has been forecasted to expand at a CAGR of 7% to reach US$ 184.4 billion by 2034-end.

Report Attributes	Details
Polyurethane Market Size (2024E)	US$ 93.7 Billion
Forecasted Market Value (2034F)	US$ 184.4 Billion
Global Market Growth Rate (2024 to 2034)	7% CAGR
South Korea Market Growth Rate (2024 to 2034)	9.8% CAGR
Market Share of Elastomers (2034F)	21.8%
North America Market Share (2034F)	17.5%
Key Companies Profiled	Covestro AG Saint Gobain S.A The Dow Chemical Company Armacell Huntsman Corporation Future Foam, Inc. Yantai Wanhua Polyurethanes Co. Ltd. Tosoh Corporation Foamcraft Inc. Eurofoam Group Lanxess

Country-wise Insights

Attribute	United States
Market Value (2024E)	US$ 14.5 Billion
Growth Rate (2024 to 2034)	5% CAGR
Projected Value (2034F)	US$ 23.7 Billion

Attribute	China
Market Value (2024E)	US$ 11.9 Billion
Growth Rate (2024 to 2034)	8.1% CAGR
Projected Value (2034F)	US$ 26 Billion

Category-wise Insights

Attribute	Elastomers
Segment Value (2024E)	US$ 20.2 Billion
Growth Rate (2024 to 2034)	7.1% CAGR
Projected Value (2034F)	US$ 40.2 Billion

Attribute	Electronics & Appliances
Segment Value (2024E)	US$ 17.7 Billion
Growth Rate (2024 to 2034)	7.3% CAGR
Projected Value (2034F)	US$ 36 Billion

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.

Graph and download economic data for Producer Price Index by Commodity: Rubber and Plastic Products: Packaging Polyurethane Foam Products (WPU072A01013) from Dec 2009 to May 2025 about rubber, plastics, commodities, PPI, inflation, price index, indexes, price, and USA.

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.

Global Polyurethane market size is expected to reach $122.45 billion by 2029 at 7.8%, polyurethane’s growing role in enhancing home furnishings and furniture manufacturing

The Global Polyurethane Resin Market revenues were estimated to be USD $829.1 Million in 2022 and it is expected to reach USD $916.1 Million by 2030, Rising at a CAGR of 3.2% during the forecast period of 2023-2030. Market Dynamics of the Polyurethane Resin Market

Increasing Demand from Various End-Use Industries drives the Market

The automotive industry is a significant consumer of polyurethane resin. Polyurethane is used in various automotive components, such as interior trim, seating, dashboard, door panels, and bumpers. The lightweight, durable, and energy-absorbing properties of polyurethane make it an ideal choice for improving fuel efficiency, safety, and comfort in automobiles. The construction industry is a major consumer of polyurethane resin, particularly in the form of insulation materials. Polyurethane foam insulation is widely used in residential and commercial buildings for thermal insulation, air sealing, and moisture resistance. The demand for energy-efficient buildings and sustainable construction practices has driven the use of polyurethane insulation materials. Polyurethane foam is extensively used in the furniture and bedding industry due to its comfort, durability, and versatility. Polyurethane foam is used in mattresses, sofas, cushions, and upholstery, providing support and comfort to consumers. The growing demand for comfortable and stylish furniture has led to an increased use of polyurethane resin in this industry. Polyurethane resin is used in the electronics and appliances industry for various applications, including encapsulation of electronic components, insulation of wires and cables, and potting of electrical devices. The excellent electrical insulation properties and protection against moisture and chemicals make polyurethane resin suitable for electronic applications. Polyurethane resin is widely used in the footwear industry for the production of shoe soles and uppers. Polyurethane soles offer excellent cushioning, flexibility, and durability, making them popular in athletic shoes, casual footwear, and safety shoes. The footwear industry's demand for lightweight, comfortable, and long-lasting materials has driven the use of polyurethane resin. Polyurethane resin is used in the coatings and adhesives industry due to its excellent adhesion, chemical resistance, and durability. Polyurethane coatings are applied to surfaces for protection against corrosion, weathering, and abrasion. Polyurethane adhesives are used for bonding various substrates in industries such as automotive, construction, and packaging. Polyurethane foam is used in the packaging industry for cushioning and protecting fragile goods during transportation. Polyurethane foam offers excellent shock absorption and impact resistance, ensuring the safe delivery of sensitive and delicate products. The growth of these end-use industries, driven by factors such as population growth, urbanization, infrastructure development, consumer preferences, and technological advancements, contributes to the increasing demand for polyurethane resin globally.

Restraining Factor:

Fluctuating Raw Material Prices is a significant restraint to the market. 

One of the significant restraints on the global polyurethane resin market is the volatility in raw material prices. The prices of key raw materials used in polyurethane resin production, such as isocyanates (MDI, TDI) and polyols, can be subject to fluctuations due to various factors, including supply-demand dynamics, geopolitical events, natural disasters, and market speculation. Fluctuating raw material prices directly affect the cost of production for polyurethane resin manufacturers. When prices of raw materials increase, it can lead to higher production costs, which may be difficult to pass on entirely to customers. This can squeeze profit margins and potentially impact the competitiveness of polyurethane resin in the market. Volatile raw material prices can make it challenging for manufacturers to stabilize their pricing strategies. Rapid price changes in raw materials make it difficult to set consistent and predictable prices for polyurethane resin products. This can create uncertainties for both manufacturers and buyers, impacting business planning and decision-making. Significant price fluctuations in raw materials can disrupt the entire supply chain of polyurethane resin. Manufacturers may face challenges in securing a relia...

The global Polyurethane Resin Market size is expected to reach USD 1168.1 Million in 2032 registering a CAGR of 3.2%. Our report provides a comprehensive overview of the industry, including key players, market share, growth opportunities and more.

In 2023, after three years of growth, there was significant decline in supplies from abroad of polyurethanes in primary forms, when their volume decreased by -6.4% to 132K tons.

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%