The global Polyurethane market size is predicted to grow from US$ 82760 million in 2025 to US$ 102500 million in 2031; it is expected to grow at a CAGR of 3.6% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Polyurethane is a highly adaptable polymer material known for its wide range of physical properties and application flexibility. Produced through the reaction of polyols and isocyanates, polyurethane can be engineered into various forms, including foams, elastomers, coatings, adhesives, and sealants. One of its key advantages lies in its ability to be customized into rigid or flexible structures, making it suitable for applications that require strength, insulation, comfort, or impact resistance. This versatility has made polyurethane a preferred material across numerous industries, including automotive, construction, furniture, footwear, electronics, and packaging. Its performance benefits—such as durability, lightweight characteristics, and energy efficiency—continue to support its broad usage in both consumer and industrial products.
Current Market Landscape and Regional Dominance
The global polyurethane market is marked by strong regional dynamics, with the Asia-Pacific region emerging as the central hub for production and consumption. This dominance is driven by the region’s rapid industrialization, population growth, and expanding manufacturing base, particularly in China and Southeast Asia. Polyurethane demand in Asia-Pacific is supported by booming construction activity, rising automotive production, and increased consumer goods manufacturing. In contrast, markets in Europe and North America are relatively mature, focusing more on innovation, sustainability, and regulatory compliance. These regions are investing in bio-based polyurethanes and advanced recycling technologies to meet environmental goals. The global market continues to shift in response to regional demand patterns, with manufacturers adjusting their strategies accordingly to address both growth opportunities and evolving regulatory standards.
Future Trends and Industry Outlook
Looking forward, the polyurethane industry is expected to experience continued expansion, supported by megatrends such as urbanization, energy efficiency, and lightweighting in transportation. In construction, polyurethane foams are widely used for insulation and sealing applications, helping to improve energy conservation in buildings. In the automotive sector, the need for lightweight and durable materials drives the use of polyurethane in seating, panels, and coatings. Furthermore, innovation in sustainable materials—such as renewable-based polyols and low-emission formulations—is opening new avenues for eco-friendly polyurethane products. Regulatory frameworks emphasizing environmental performance, coupled with end-user demand for high-performance materials, are shaping the direction of product development and investment. Overall, polyurethane’s combination of adaptability, performance, and ongoing innovation positions it as a key material in the global transition toward smarter, more sustainable industrial solutions.
The “Polyurethane Industry Forecast” looks at past sales and reviews total world Polyurethane sales in 2024, providing a comprehensive analysis by region and market sector of projected Polyurethane sales for 2025 through 2031. With Polyurethane sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Polyurethane industry.
This Insight Report provides a comprehensive analysis of the global Polyurethane landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Polyurethane portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Polyurethane market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Polyurethane and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Polyurethane.
This report presents a comprehensive overview, market shares, and growth opportunities of Polyurethane market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Flexible Foam
Rigid Foam
Coatings
Adhesives & Sealants
Elastomers
Others
Segmentation by Application:
Furniture and Interiors
Construction
Electronics and Appliances
Automotive
Footwear
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Dow
BASF
Huntsman
AkzoNobel
Covestro
Lubrizol
Recticel
LANXESS
INOAC
Tosoh
Mitsui Chem
Woodbridge Foam
Wanhua
INOV Polyurethane
Oriental Yuhong
Key Questions Addressed in this Report
What is the 10-year outlook for the global Polyurethane market?
What factors are driving Polyurethane market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Polyurethane market opportunities vary by end market size?
How does Polyurethane break out by Type, by Application?
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1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Polyurethane Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Polyurethane by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Polyurethane by Country/Region, 2020, 2024 & 2031
2.2 Polyurethane Segment by Type
2.2.1 Flexible Foam
2.2.2 Rigid Foam
2.2.3 Coatings
2.2.4 Adhesives & Sealants
2.2.5 Elastomers
2.2.6 Others
2.3 Polyurethane Sales by Type
2.3.1 Global Polyurethane Sales Market Share by Type (2020-2025)
2.3.2 Global Polyurethane Revenue and Market Share by Type (2020-2025)
2.3.3 Global Polyurethane Sale Price by Type (2020-2025)
2.4 Polyurethane Segment by Application
2.4.1 Furniture and Interiors
2.4.2 Construction
2.4.3 Electronics and Appliances
2.4.4 Automotive
2.4.5 Footwear
2.4.6 Others
2.5 Polyurethane Sales by Application
2.5.1 Global Polyurethane Sale Market Share by Application (2020-2025)
2.5.2 Global Polyurethane Revenue and Market Share by Application (2020-2025)
2.5.3 Global Polyurethane Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Polyurethane Breakdown Data by Company
3.1.1 Global Polyurethane Annual Sales by Company (2020-2025)
3.1.2 Global Polyurethane Sales Market Share by Company (2020-2025)
3.2 Global Polyurethane Annual Revenue by Company (2020-2025)
3.2.1 Global Polyurethane Revenue by Company (2020-2025)
3.2.2 Global Polyurethane Revenue Market Share by Company (2020-2025)
3.3 Global Polyurethane Sale Price by Company
3.4 Key Manufacturers Polyurethane Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Polyurethane Product Location Distribution
3.4.2 Players Polyurethane Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Polyurethane by Geographic Region
4.1 World Historic Polyurethane Market Size by Geographic Region (2020-2025)
4.1.1 Global Polyurethane Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Polyurethane Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Polyurethane Market Size by Country/Region (2020-2025)
4.2.1 Global Polyurethane Annual Sales by Country/Region (2020-2025)
4.2.2 Global Polyurethane Annual Revenue by Country/Region (2020-2025)
4.3 Americas Polyurethane Sales Growth
4.4 APAC Polyurethane Sales Growth
4.5 Europe Polyurethane Sales Growth
4.6 Middle East & Africa Polyurethane Sales Growth
5 Americas
5.1 Americas Polyurethane Sales by Country
5.1.1 Americas Polyurethane Sales by Country (2020-2025)
5.1.2 Americas Polyurethane Revenue by Country (2020-2025)
5.2 Americas Polyurethane Sales by Type (2020-2025)
5.3 Americas Polyurethane Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Polyurethane Sales by Region
6.1.1 APAC Polyurethane Sales by Region (2020-2025)
6.1.2 APAC Polyurethane Revenue by Region (2020-2025)
6.2 APAC Polyurethane Sales by Type (2020-2025)
6.3 APAC Polyurethane Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Polyurethane by Country
7.1.1 Europe Polyurethane Sales by Country (2020-2025)
7.1.2 Europe Polyurethane Revenue by Country (2020-2025)
7.2 Europe Polyurethane Sales by Type (2020-2025)
7.3 Europe Polyurethane Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Polyurethane by Country
8.1.1 Middle East & Africa Polyurethane Sales by Country (2020-2025)
8.1.2 Middle East & Africa Polyurethane Revenue by Country (2020-2025)
8.2 Middle East & Africa Polyurethane Sales by Type (2020-2025)
8.3 Middle East & Africa Polyurethane Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Polyurethane
10.3 Manufacturing Process Analysis of Polyurethane
10.4 Industry Chain Structure of Polyurethane
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Polyurethane Distributors
11.3 Polyurethane Customer
12 World Forecast Review for Polyurethane by Geographic Region
12.1 Global Polyurethane Market Size Forecast by Region
12.1.1 Global Polyurethane Forecast by Region (2026-2031)
12.1.2 Global Polyurethane Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Polyurethane Forecast by Type (2026-2031)
12.7 Global Polyurethane Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Dow
13.1.1 Dow Company Information
13.1.2 Dow Polyurethane Product Portfolios and Specifications
13.1.3 Dow Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Dow Main Business Overview
13.1.5 Dow Latest Developments
13.2 BASF
13.2.1 BASF Company Information
13.2.2 BASF Polyurethane Product Portfolios and Specifications
13.2.3 BASF Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 BASF Main Business Overview
13.2.5 BASF Latest Developments
13.3 Huntsman
13.3.1 Huntsman Company Information
13.3.2 Huntsman Polyurethane Product Portfolios and Specifications
13.3.3 Huntsman Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Huntsman Main Business Overview
13.3.5 Huntsman Latest Developments
13.4 AkzoNobel
13.4.1 AkzoNobel Company Information
13.4.2 AkzoNobel Polyurethane Product Portfolios and Specifications
13.4.3 AkzoNobel Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 AkzoNobel Main Business Overview
13.4.5 AkzoNobel Latest Developments
13.5 Covestro
13.5.1 Covestro Company Information
13.5.2 Covestro Polyurethane Product Portfolios and Specifications
13.5.3 Covestro Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Covestro Main Business Overview
13.5.5 Covestro Latest Developments
13.6 Lubrizol
13.6.1 Lubrizol Company Information
13.6.2 Lubrizol Polyurethane Product Portfolios and Specifications
13.6.3 Lubrizol Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Lubrizol Main Business Overview
13.6.5 Lubrizol Latest Developments
13.7 Recticel
13.7.1 Recticel Company Information
13.7.2 Recticel Polyurethane Product Portfolios and Specifications
13.7.3 Recticel Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Recticel Main Business Overview
13.7.5 Recticel Latest Developments
13.8 LANXESS
13.8.1 LANXESS Company Information
13.8.2 LANXESS Polyurethane Product Portfolios and Specifications
13.8.3 LANXESS Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 LANXESS Main Business Overview
13.8.5 LANXESS Latest Developments
13.9 INOAC
13.9.1 INOAC Company Information
13.9.2 INOAC Polyurethane Product Portfolios and Specifications
13.9.3 INOAC Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 INOAC Main Business Overview
13.9.5 INOAC Latest Developments
13.10 Tosoh
13.10.1 Tosoh Company Information
13.10.2 Tosoh Polyurethane Product Portfolios and Specifications
13.10.3 Tosoh Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Tosoh Main Business Overview
13.10.5 Tosoh Latest Developments
13.11 Mitsui Chem
13.11.1 Mitsui Chem Company Information
13.11.2 Mitsui Chem Polyurethane Product Portfolios and Specifications
13.11.3 Mitsui Chem Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Mitsui Chem Main Business Overview
13.11.5 Mitsui Chem Latest Developments
13.12 Woodbridge Foam
13.12.1 Woodbridge Foam Company Information
13.12.2 Woodbridge Foam Polyurethane Product Portfolios and Specifications
13.12.3 Woodbridge Foam Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 Woodbridge Foam Main Business Overview
13.12.5 Woodbridge Foam Latest Developments
13.13 Wanhua
13.13.1 Wanhua Company Information
13.13.2 Wanhua Polyurethane Product Portfolios and Specifications
13.13.3 Wanhua Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 Wanhua Main Business Overview
13.13.5 Wanhua Latest Developments
13.14 INOV Polyurethane
13.14.1 INOV Polyurethane Company Information
13.14.2 INOV Polyurethane Polyurethane Product Portfolios and Specifications
13.14.3 INOV Polyurethane Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
13.14.4 INOV Polyurethane Main Business Overview
13.14.5 INOV Polyurethane Latest Developments
13.15 Oriental Yuhong
13.15.1 Oriental Yuhong Company Information
13.15.2 Oriental Yuhong Polyurethane Product Portfolios and Specifications
13.15.3 Oriental Yuhong Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
13.15.4 Oriental Yuhong Main Business Overview
13.15.5 Oriental Yuhong Latest Developments
14 Research Findings and Conclusion
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*If Applicable.
