The global Polyurethanes (PU) market size is predicted to grow from US$ 82757 million in 2025 to US$ 102503 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.
Polyurethanes (PU) are a diverse family of polymers formed by the chemical reaction between diisocyanates and polyols. Their unique chemistry enables manufacturers to precisely tailor mechanical, thermal, and chemical properties for a wide range of end-use requirements. PUs can be designed to be soft and elastic or hard and rigid, depending on the formulation and processing method. This makes them suitable for countless applications—from cushioning in mattresses and automotive interiors to insulation materials, industrial adhesives, coatings, and elastomeric components. The inherent flexibility of PU chemistry allows for innovation in performance characteristics such as abrasion resistance, thermal insulation, acoustic dampening, and structural reinforcement.
Geographical Market Patterns and Industrial Dynamics
Polyurethanes (PU) have experienced strong global demand growth, particularly in regions with fast-growing infrastructure and manufacturing sectors. The Asia-Pacific region has established itself as the dominant PU market, driven by rising consumer demand, robust construction activity, and expanding automotive production. This region benefits from both upstream chemical production and downstream processing capabilities, making it a key center for PU manufacturing. Meanwhile, North America and Europe continue to play a strategic role in advanced PU technologies, including systems for specialty applications like electric vehicle battery insulation and high-performance coatings. In these mature markets, attention is increasingly focused on improving product sustainability and compliance with environmental regulations, pushing the industry toward circular economy practices and green chemistry initiatives.
Future Outlook and Emerging Development Trends
The outlook for Polyurethanes (PU) remains highly optimistic, shaped by global trends such as energy-efficient buildings, electric mobility, and sustainability-driven innovation. In the construction sector, PU foams are expected to play a central role in meeting stricter energy efficiency codes, offering superior insulation capabilities that reduce energy consumption and carbon emissions. In transportation, PU components are used to lower vehicle weight and improve fuel or battery efficiency, aligning with the shift toward greener mobility solutions. At the same time, the development of bio-based and low-emission PU formulations is accelerating, supported by both government policy and consumer preference for eco-friendly materials. Companies are increasingly investing in novel feedstocks and closed-loop recycling technologies to reduce the environmental footprint of PU products. As industries evolve and performance demands grow more complex, PU’s adaptability and material efficiency will ensure it remains a vital solution across multiple sectors, from infrastructure to electronics and beyond.
The “Polyurethanes (PU) Industry Forecast” looks at past sales and reviews total world Polyurethanes (PU) sales in 2024, providing a comprehensive analysis by region and market sector of projected Polyurethanes (PU) sales for 2025 through 2031. With Polyurethanes (PU) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Polyurethanes (PU) industry.
This Insight Report provides a comprehensive analysis of the global Polyurethanes (PU) 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 Polyurethanes (PU) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Polyurethanes (PU) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Polyurethanes (PU) 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 Polyurethanes (PU).
This report presents a comprehensive overview, market shares, and growth opportunities of Polyurethanes (PU) market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Flexible Foam
Rigid Foam
Coating
Adhesives and Sealants
Elastomer
Slurry for Synthetic Leather and Shoe
Spandex
Others
Segmentation by Application:
Furniture
Building
Electronics and Household Appliances
Automotive Industry
Shoe and Leather
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
Huafon
Xuchuan Chemical
Zhejiang Hexin Science And Technology
Huada Chem
Qingdao Xinyutian Chemical
Shanghai Hongde Polyurethane
Shandong Inov Polyurethane
Key Questions Addressed in this Report
What is the 10-year outlook for the global Polyurethanes (PU) market?
What factors are driving Polyurethanes (PU) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Polyurethanes (PU) market opportunities vary by end market size?
How does Polyurethanes (PU) 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 Polyurethanes (PU) Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Polyurethanes (PU) by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Polyurethanes (PU) by Country/Region, 2020, 2024 & 2031
2.2 Polyurethanes (PU) Segment by Type
2.2.1 Flexible Foam
2.2.2 Rigid Foam
2.2.3 Coating
2.2.4 Adhesives and Sealants
2.2.5 Elastomer
2.2.6 Slurry for Synthetic Leather and Shoe
2.2.7 Spandex
2.2.8 Others
2.3 Polyurethanes (PU) Sales by Type
2.3.1 Global Polyurethanes (PU) Sales Market Share by Type (2020-2025)
2.3.2 Global Polyurethanes (PU) Revenue and Market Share by Type (2020-2025)
2.3.3 Global Polyurethanes (PU) Sale Price by Type (2020-2025)
2.4 Polyurethanes (PU) Segment by Application
2.4.1 Furniture
2.4.2 Building
2.4.3 Electronics and Household Appliances
2.4.4 Automotive Industry
2.4.5 Shoe and Leather
2.4.6 Others
2.5 Polyurethanes (PU) Sales by Application
2.5.1 Global Polyurethanes (PU) Sale Market Share by Application (2020-2025)
2.5.2 Global Polyurethanes (PU) Revenue and Market Share by Application (2020-2025)
2.5.3 Global Polyurethanes (PU) Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Polyurethanes (PU) Breakdown Data by Company
3.1.1 Global Polyurethanes (PU) Annual Sales by Company (2020-2025)
3.1.2 Global Polyurethanes (PU) Sales Market Share by Company (2020-2025)
3.2 Global Polyurethanes (PU) Annual Revenue by Company (2020-2025)
3.2.1 Global Polyurethanes (PU) Revenue by Company (2020-2025)
3.2.2 Global Polyurethanes (PU) Revenue Market Share by Company (2020-2025)
3.3 Global Polyurethanes (PU) Sale Price by Company
3.4 Key Manufacturers Polyurethanes (PU) Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Polyurethanes (PU) Product Location Distribution
3.4.2 Players Polyurethanes (PU) 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 Polyurethanes (PU) by Geographic Region
4.1 World Historic Polyurethanes (PU) Market Size by Geographic Region (2020-2025)
4.1.1 Global Polyurethanes (PU) Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Polyurethanes (PU) Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Polyurethanes (PU) Market Size by Country/Region (2020-2025)
4.2.1 Global Polyurethanes (PU) Annual Sales by Country/Region (2020-2025)
4.2.2 Global Polyurethanes (PU) Annual Revenue by Country/Region (2020-2025)
4.3 Americas Polyurethanes (PU) Sales Growth
4.4 APAC Polyurethanes (PU) Sales Growth
4.5 Europe Polyurethanes (PU) Sales Growth
4.6 Middle East & Africa Polyurethanes (PU) Sales Growth
5 Americas
5.1 Americas Polyurethanes (PU) Sales by Country
5.1.1 Americas Polyurethanes (PU) Sales by Country (2020-2025)
5.1.2 Americas Polyurethanes (PU) Revenue by Country (2020-2025)
5.2 Americas Polyurethanes (PU) Sales by Type (2020-2025)
5.3 Americas Polyurethanes (PU) Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Polyurethanes (PU) Sales by Region
6.1.1 APAC Polyurethanes (PU) Sales by Region (2020-2025)
6.1.2 APAC Polyurethanes (PU) Revenue by Region (2020-2025)
6.2 APAC Polyurethanes (PU) Sales by Type (2020-2025)
6.3 APAC Polyurethanes (PU) 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 Polyurethanes (PU) by Country
7.1.1 Europe Polyurethanes (PU) Sales by Country (2020-2025)
7.1.2 Europe Polyurethanes (PU) Revenue by Country (2020-2025)
7.2 Europe Polyurethanes (PU) Sales by Type (2020-2025)
7.3 Europe Polyurethanes (PU) 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 Polyurethanes (PU) by Country
8.1.1 Middle East & Africa Polyurethanes (PU) Sales by Country (2020-2025)
8.1.2 Middle East & Africa Polyurethanes (PU) Revenue by Country (2020-2025)
8.2 Middle East & Africa Polyurethanes (PU) Sales by Type (2020-2025)
8.3 Middle East & Africa Polyurethanes (PU) 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 Polyurethanes (PU)
10.3 Manufacturing Process Analysis of Polyurethanes (PU)
10.4 Industry Chain Structure of Polyurethanes (PU)
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Polyurethanes (PU) Distributors
11.3 Polyurethanes (PU) Customer
12 World Forecast Review for Polyurethanes (PU) by Geographic Region
12.1 Global Polyurethanes (PU) Market Size Forecast by Region
12.1.1 Global Polyurethanes (PU) Forecast by Region (2026-2031)
12.1.2 Global Polyurethanes (PU) 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 Polyurethanes (PU) Forecast by Type (2026-2031)
12.7 Global Polyurethanes (PU) Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Dow
13.1.1 Dow Company Information
13.1.2 Dow Polyurethanes (PU) Product Portfolios and Specifications
13.1.3 Dow Polyurethanes (PU) 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 Polyurethanes (PU) Product Portfolios and Specifications
13.2.3 BASF Polyurethanes (PU) 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 Polyurethanes (PU) Product Portfolios and Specifications
13.3.3 Huntsman Polyurethanes (PU) 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 Polyurethanes (PU) Product Portfolios and Specifications
13.4.3 AkzoNobel Polyurethanes (PU) 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 Polyurethanes (PU) Product Portfolios and Specifications
13.5.3 Covestro Polyurethanes (PU) 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 Polyurethanes (PU) Product Portfolios and Specifications
13.6.3 Lubrizol Polyurethanes (PU) 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 Polyurethanes (PU) Product Portfolios and Specifications
13.7.3 Recticel Polyurethanes (PU) 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 Polyurethanes (PU) Product Portfolios and Specifications
13.8.3 LANXESS Polyurethanes (PU) 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 Polyurethanes (PU) Product Portfolios and Specifications
13.9.3 INOAC Polyurethanes (PU) 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 Polyurethanes (PU) Product Portfolios and Specifications
13.10.3 Tosoh Polyurethanes (PU) Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Tosoh Main Business Overview
13.10.5 Tosoh Latest Developments
13.11 Huafon
13.11.1 Huafon Company Information
13.11.2 Huafon Polyurethanes (PU) Product Portfolios and Specifications
13.11.3 Huafon Polyurethanes (PU) Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Huafon Main Business Overview
13.11.5 Huafon Latest Developments
13.12 Xuchuan Chemical
13.12.1 Xuchuan Chemical Company Information
13.12.2 Xuchuan Chemical Polyurethanes (PU) Product Portfolios and Specifications
13.12.3 Xuchuan Chemical Polyurethanes (PU) Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 Xuchuan Chemical Main Business Overview
13.12.5 Xuchuan Chemical Latest Developments
13.13 Zhejiang Hexin Science And Technology
13.13.1 Zhejiang Hexin Science And Technology Company Information
13.13.2 Zhejiang Hexin Science And Technology Polyurethanes (PU) Product Portfolios and Specifications
13.13.3 Zhejiang Hexin Science And Technology Polyurethanes (PU) Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 Zhejiang Hexin Science And Technology Main Business Overview
13.13.5 Zhejiang Hexin Science And Technology Latest Developments
13.14 Huada Chem
13.14.1 Huada Chem Company Information
13.14.2 Huada Chem Polyurethanes (PU) Product Portfolios and Specifications
13.14.3 Huada Chem Polyurethanes (PU) Sales, Revenue, Price and Gross Margin (2020-2025)
13.14.4 Huada Chem Main Business Overview
13.14.5 Huada Chem Latest Developments
13.15 Qingdao Xinyutian Chemical
13.15.1 Qingdao Xinyutian Chemical Company Information
13.15.2 Qingdao Xinyutian Chemical Polyurethanes (PU) Product Portfolios and Specifications
13.15.3 Qingdao Xinyutian Chemical Polyurethanes (PU) Sales, Revenue, Price and Gross Margin (2020-2025)
13.15.4 Qingdao Xinyutian Chemical Main Business Overview
13.15.5 Qingdao Xinyutian Chemical Latest Developments
13.16 Shanghai Hongde Polyurethane
13.16.1 Shanghai Hongde Polyurethane Company Information
13.16.2 Shanghai Hongde Polyurethane Polyurethanes (PU) Product Portfolios and Specifications
13.16.3 Shanghai Hongde Polyurethane Polyurethanes (PU) Sales, Revenue, Price and Gross Margin (2020-2025)
13.16.4 Shanghai Hongde Polyurethane Main Business Overview
13.16.5 Shanghai Hongde Polyurethane Latest Developments
13.17 Shandong Inov Polyurethane
13.17.1 Shandong Inov Polyurethane Company Information
13.17.2 Shandong Inov Polyurethane Polyurethanes (PU) Product Portfolios and Specifications
13.17.3 Shandong Inov Polyurethane Polyurethanes (PU) Sales, Revenue, Price and Gross Margin (2020-2025)
13.17.4 Shandong Inov Polyurethane Main Business Overview
13.17.5 Shandong Inov Polyurethane Latest Developments
14 Research Findings and Conclusion
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*If Applicable.
