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.

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

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.

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 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 April 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 June of 2025.

Graph and download economic data for Producer Price Index by Industry: Urethane and Other Foam Product Manufacturing: Packaging Polyurethane Foam Products (PCU3261503261502) from Dec 2003 to May 2025 about manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Industry: Urethane and Other Foam Product Manufacturing: Polyurethane Foam Formed and Slab Stock for Pillows/Seating/etc. was 159.34300 Index Dec 2005=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: Polyurethane Foam Formed and Slab Stock for Pillows/Seating/etc. reached a record high of 183.38200 in May of 2022 and a record low of 100.00000 in December of 2005. 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: Polyurethane Foam Formed and Slab Stock for Pillows/Seating/etc. - last updated from the United States Federal Reserve on July of 2025.

The average polyurethanes export price stood at $2,451 per ton in September 2024, increasing by 4.4% against the previous month.

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.

Explore the factors influencing thermoplastic polyurethane (TPU) pricing, including raw material costs, industry demand, technological advancements, and global events. Understand how regional conditions and market dynamics affect TPU prices to navigate the market effectively.

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.

In 2023, overseas purchases of polyurethanes in primary forms decreased by -6.4% to 132K tons for the first time since 2019, thus ending a three-year rising trend.

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...

In 2023, purchases abroad of polyurethanes in primary forms decreased by -9.3% to 3.9K tons, falling for the second consecutive year after two years of growth.

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 May 2025 about rubber, plastics, commodities, PPI, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Commodity: Rubber and Plastic Products: Packaging Polyurethane Foam Products was 200.24000 Index Dec 2009=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Rubber and Plastic Products: Packaging Polyurethane Foam Products reached a record high of 200.24000 in January of 2025 and a record low of 100.00000 in January of 2010. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Rubber and Plastic Products: Packaging Polyurethane Foam Products - last updated from the United States Federal Reserve on June of 2025.

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Polyurethane Foam Market Size 2024-2028

The polyurethane foam market size is forecast to increase by USD 23.14 billion at a CAGR of 8.12% between 2023 and 2028.

The market is experiencing significant growth, driven primarily by the increasing demand for this material in the furniture and bedding industries. The use of polyurethane foam in these sectors is on the rise due to its superior comfort and insulation properties. Furthermore, the shift towards the use of alternative blowing agents, such as methylal and hydrofluoroolefins (HFOs), is gaining momentum as an environmentally friendly alternative to hydrochlorofluorocarbons (HCFCs) and hydrofluorocarbons (HFCs). However, the market also faces challenges, as the increasing demand for alternatives to polyurethane foams poses a threat. Bio-based foams, such as soy-based and natural latex foams, are gaining popularity due to their eco-friendly nature and similar performance characteristics.
These alternatives are expected to intensify competition in the market and put pressure on prices. Additionally, the volatility of raw material prices, particularly for crude oil and natural gas, can significantly impact the cost structure of polyurethane foam production, posing a challenge for market participants. Companies seeking to capitalize on market opportunities and navigate these challenges effectively should focus on innovation, cost management, and sustainability initiatives.

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

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The market continues to evolve, driven by advancements in foam design, manufacturing, and application across various sectors. Foam certification and standards play a crucial role in ensuring product quality and safety, while innovation in thermoplastic foam and flame retardant formulations pushes the boundaries of what is possible. Rigid foam and flexible foam each find extensive use in consumer goods, automotive seating, aerospace applications, and insulation, among others. Foam development is a continuous process, with ongoing research in foam formulations, properties, and recycling rates. The furniture industry relies heavily on foam for cushioning and upholstery, while the automotive sector seeks to optimize seating comfort and safety.
Blowing agents and foam machinery are essential components in the production process, driving efficiency and reducing costs. Foam trends reflect the evolving market dynamics, with a focus on sustainability, durability, and performance. Foam compression and molding techniques enable the creation of complex shapes, while foam recycling and reuse initiatives contribute to a more circular economy. The competition in the market is fierce, with players constantly seeking to differentiate themselves through innovation and cost-effective production. Foam testing and analysis are essential to ensure product quality and performance, with a focus on foam density, compression, and durability. As the market continues to unfold, foam technology and engineering will play a crucial role in addressing the challenges of foam production, application, and sustainability.

How is this Polyurethane Foam Industry segmented?

The polyurethane foam industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Flexible PU foams
  Rigid PU foams
  Molded PU foams


Application

  Construction
  Furniture and Bedding
  Automotive
  Packaging


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Type Insights

The flexible PU foams segment is estimated to witness significant growth during the forecast period.

The market encompasses a range of applications, from furniture and bedding to industrial uses in transportation and packaging. Flexible PU foams are integral to these industries, providing resilience and cushioning in automotive seating, carpet cushioning, and textile laminates. In transportation, they are utilized in various parts such as armrests, HVAC components, and interior panels. The packaging industry relies on these foams for protecting sensitive electronic components and providing cushioning for fragile items. In the textile industry, PU foams contribute to the manufacturing of leather goods, shoes, tents, life rafts, handbags, and insulation liners. Innovations in foam manufacturing, including the development of thermoset and thermoplastic foams, have led to advancements in foam properties, such as increased durability and sustainability.

Foam additives and certification ensu

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 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).