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 Aug 2025 about stocks, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Why did the Polyurethane (PU) Resin Price Change in July 2025? The Polyurethane Resin spot price in North America declined by 8.47% quarter-over-quarter in Q2 2025, reflected in a softer Price Index.

United States - Producer Price Index by Industry: Urethane and Other Foam Product Manufacturing: Packaging Polyurethane Foam Products was 297.81400 Index Dec 2003=100 in July of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Urethane and Other Foam Product Manufacturing: Packaging Polyurethane Foam Products reached a record high of 297.81400 in January of 2025 and a record low of 100.00000 in December of 2003. 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: Packaging Polyurethane Foam Products - last updated from the United States Federal Reserve on September of 2025.

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.

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.

Graph and download economic data for Producer Price Index by Industry: Urethane and Other Foam Product Manufacturing (PCU326150326150) from Dec 2003 to Jul 2025 about manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

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).

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.

Graph and download economic data for Producer Price Index by Industry: Urethane and Other Foam Product Manufacturing: Furniture and Furnishings Polyurethane Foam Products (PCU3261503261504) from Dec 1982 to Jul 2025 about furniture, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

The polyurethane market size is predicted to rise from $85.2 billion in 2024 to $136.2 billion by 2035, growing at a CAGR of 4.35% from 2024 to 2035.

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...

Graph and download economic data for Producer Price Index by Commodity: Rubber and Plastic Products: Products Made of Foam Other Than Polystyrene or Polyurethane (WPU07290198) from Dec 1999 to Jul 2025 about rubber, plastics, commodities, PPI, inflation, price index, indexes, price, and USA.

Explore the versatile world of Thermoplastic Polyurethane (TPU), a material favored for its elasticity and resistance properties. Learn about the factors affecting its price, such as grade, supplier, production costs, and market conditions, with typical costs ranging from $3 to $8 per kilogram. Discover how industry demand, supply chain logistics, and global economic conditions influence TPU pricing dynamics and find strategies for informed procurement decisions.

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 Urethane Foam Manufacturing industry grew as favorable economic conditions drove demand for products from downstream markets, particularly from construction (IBISWorld report 23) and furniture manufacturing (33712 and 33721) industries. Nonetheless, construction activity has suffered as the Federal Reserve raised interest rates in 2022-2024 to fight inflation, boosting uncertainty for individuals and developers. Rates are still high in 2025 but have since stabilized. Urethane Foam Manufacturing industry revenue has been inching upward at a CAGR of 0.1% over the past five years and is expected to total $13.7 billion in 2025, when revenue will jump by an estimated 1.4%. Profit has declined amid rising labor and purchase fees. Research and development (R&D) activities are carried out in the industry to improve product performance. In 2022, Battelle Memorial Institute achieved a significant breakthrough by developing a process to convert coal-derived liquids and biomass-derived feedstocks into polyurethane (PU) foam. This innovation offers the potential to reduce the industry’s reliance on petroleum, particularly imported oil, while also lowering the carbon footprint associated with PU foam production. Also, most downstream demand is satisfied by domestic manufacturers that produce specialized, high-value-added products that these markets need. As demand for specialized products increases, new manufacturers will enter the industry. Volatility in the construction market will calm down and activity will be stable over the next five years. Nonresidential construction activity will renew and recover from previous lows, while residential construction will exhibit steady year-over-year growth. The price of plastic materials and resin, the industry's primary input, will also slowly rise over the outlook period, enabling manufacturers to closely mirror input costs with selling prices without shocking the downstream market with abrupt price hikes. The industry's revenue will continue to climb in response to demand from various downstream industries. Urethane Foam Manufacturing industry revenue is expected to expand at a CAGR of 2.1% to $15.2 billion over the five years to 2030.

In August 2022, the polyurethanes price per ton amounted to $6,278, picking up by 3.7% against the previous month.

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

This statistic shows the monthly import price of polyurethane (PU) in the United States from ************ to *************. In *************, the U.S. import price of PU was ***** U.S. dollars per ton.

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Polyurethane Foam Market Size 2025-2029

The polyurethane (PU) foam market size is forecast to increase by US $18.5 billion, at a CAGR of 6.9% between 2024 and 2029. The growing awareness of the environmental impact of foam production and disposal is fueling the search for more sustainable options.

Major Market Trends & Insights

APAC dominated the market and accounted for a 45% growth during the forecast period.
The market is expected to grow significantly in the US as well over the forecast period.
By the Type, the Flexible PU foams sub-segment was valued at US $18.18 billion in 2023
By the Application, the Furniture and bedding sub-segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: US $84.96 billion
Future Opportunities: US $5 billion 
CAGR : 6.9%
APAC: Largest market in 2023



The market exhibits a significant level of dynamism, driven by the continuous expansion in various sectors. Notably, the demand for PU foams is on the rise in applications such as furniture and bedding due to their superior insulation properties and comfort. However, this trend is not without competition. Alternative foam types, like those based on methylal and hydrofluoroolefins (HFOs), are increasingly being adopted as substitutes for traditional PU foams that utilize hydrofluorocarbons (HFCs) and hydrochlorofluorocarbons (HCFCs). The shift towards these alternatives is primarily driven by stringent environmental regulations that aim to reduce the use of HFCs and HCFCs due to their high global warming potential.
Despite the increasing popularity of alternatives, PU foams continue to dominate the market, accounting for a substantial market share. However, the competition is intensifying, with alternative foam types gaining ground in various applications. For instance, methylal-based foams are increasingly being used in the automotive industry due to their superior insulation properties and lower global warming potential. HFO-based foams, on the other hand, are gaining traction in the construction industry due to their excellent insulation properties and low ozone depletion potential.
High-performance coatings, such as thermal insulation and thermal barrier coatings, offer energy efficiency and cost savings over their life cycle. This trend is being driven by consumer preferences for eco-friendly and sustainable products. Additionally, the high production costs associated with PU foam manufacturing, particularly due to the use of raw materials and energy-intensive processes, pose a significant challenge to market participants. Companies seeking to capitalize on the opportunities presented by this market must focus on innovation, cost optimization, and sustainability to remain competitive. However, the market also faces challenges, including the increasing demand for alternatives to PU foams, such as natural and recycled materials. Crude oil and natural gas serve as the fundamental raw materials for producing these binders.
The market's dynamics are further shaped by the evolving regulatory landscape and technological advancements. For example, the European Union's F-Gas Regulation, which sets strict limits on the production and use of HFCs, is driving the adoption of alternative foam types. Similarly, advancements in foam production technology are enabling the production of foams with improved insulation properties and lower environmental impact. In conclusion, the PU foam market is a dynamic and evolving landscape, shaped by various factors such as changing consumer preferences, regulatory requirements, and technological advancements. The ongoing competition from alternative foam types is intensifying, making it essential for market players to stay informed and adapt to the changing market conditions.

What will be the Size of the Polyurethane (PU) Foam Market during the forecast period?

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The market exhibits significant growth, with current industry penetration reaching approximately 12% of the global insulation materials market. Looking ahead, this sector is projected to expand by over 5% annually, driven by increasing demand for energy efficiency and improved product performance. Comparatively, the PU foam market's growth outpaces that of traditional insulation materials, which typically experience a yearly expansion of around 3%. This discrepancy can be attributed to several factors, including process optimization, coating applications, and regulatory compliance. For instance, PU foam's exceptional insulation properties, such as high thermal resistance and dimensional stability, make it a preferred choice for various industries.
Furthermore, advancements in foam rheology and fire resistance ratings have led to the development of innovative blowing agents and raw material sourcing strategies, enhancing both durability asse

According to Cognitive Market Research, the global Thermoplastic Polyurethane Material market size is USD 2815.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 7.20% from 2024 to 2031.

North America held the major market share of more than 40% of the global revenue with a market size of USD 1126.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 844.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 647.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.
Latin America's market will have more than 5% of the global revenue with a market size of USD 140.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.6% from 2024 to 2031.
Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 56.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031.
The polyester segment is set to rise due to its excellent properties, such as abrasion resistance, flexibility, and chemical resistance. It finds extensive applications in industries like textiles, automotive, and medical.
Increased construction activities, innovations in material technology, and increasing demand for lightweight materials.

Rise in Construction Activities to Provide Viable Market Output

The thermoplastic polyurethane material market is experiencing significant growth due to the rise in construction activities. Increased construction projects worldwide demand durable and versatile materials, driving the adoption of TPU. TPU's unique properties, including high elasticity, abrasion resistance, and chemical stability, make it suitable for construction applications such as roofing, sealants, and coatings. As construction activities continue to rise globally, the demand for TPU materials is expected to escalate, contributing to the expansion of the TPU market. This trend reflects the industry's preference for advanced materials that enhance performance and longevity in construction applications.

For instance, in February 2023, Covestro AG announced the construction of the largest TPU facility. This expansion is to happen in three phases. The first phase will be completed in late 2025, the final phase will be completed in 2033, and this new site will be built in Zhuhai, South China, with an annual capacity of 120 thousand tons of TPU per year after the final phase of expansion.

(Source: https://www.covestro.com/press/covestro-to-build-its-largest-tpu-site-in-china/)

Increasing Usage by the Footwear Industry to Propel Market Growth

The Thermoplastic Polyurethane Material market is experiencing growth due to the increasing usage by the footwear industry. TPU's versatility, flexibility, and durability make it an ideal shoe manufacturing choice. Its ability to provide excellent abrasion resistance, impact protection, and comfort contributes to its rising popularity in footwear applications. Footwear manufacturers value TPU for enhancing shoes' overall performance, longevity, and aesthetic appeal. As the demand for high-performance and comfortable footwear continues to rise, the TPU material market is expected to witness sustained growth, driven by its key role in meeting the evolving requirements of the footwear industry.

For instance, Lubrizol unveiled a prototype shoe made entirely of TPU. This 100% TPU prototype shoe can deliver improved "circularity" solutions. TPU waste can be reused by shoemakers during manufacturing and ease the post-consumer recycling process.

(Source:https://www-giikorea-co-kr.translate.goog/report/moi1198619-thermoplastic-polyurethane-tpu-market-growth.html?_x_tr_sl=ko&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc)

Fluctuation in Raw Material Prices to Restrict Market Growth

The thermoplastic polyurethane material market faces a challenge due to fluctuating raw material prices. The volatility in the costs of essential components used in TPU production, such as isocyanates and polyols, poses challenges for manufacturers in maintaining stable pricing for TPU products. Unpredictable shifts in raw material prices can lead to increased production costs, affecting profit margins and...