- MDI and PMDI
- TDI
- Polyols
- Others
Polyurethane Market size was valued at USD 70.84 billion in 2023 and is poised to grow at a CAGR of 4% from 2024-2030. Over the forecast period, rising demand for building insulation due to environmental concerns is expected to drive up product demand. Sustainability in building developments is a broad topic that includes a number of procedures that must be done early in the construction process due to the potential for considerable environmental effects. As a result of increased expenditures in smart energy-efficient business and residential structures, green buildings are progressively entering the construction market. Over the projected period, the market is likely to be driven by increased product demand from the automotive, construction, and packaging sectors in the United States. The construction industry in the United States is growing at a rapid pace, thanks to improving commercial real estate market fundamentals and rising state and federal financing for institutions and public works projects.
Global Polyurethane Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
4%
Largest Market
Asia Pacific
Fastest Growing Market
North America
Polyurethane Market Dynamics
Development and launch of innovative polyurethane products by the market players enables surge in the polyurethane market demand over the forecast years. For instance. In 2018, The Dow Chemical Company launched the new polyurethane which has a wide range of application. Moreover, launch of newer products in various countries enables the growth of polyurethane market over the forecast years.Based on type, the global polyurethane market is segmented into water based, oil based and synthetic based. Water based segment is expected to dominate the global market due to its low cost price, eco-friendly properties, and requires less chemical treatment.
Asia-Pacific Got Significant Share Of
Polyurethane Market Regional Analysis
Asia Pacific accounted for major revenue share due to support from local government, increased availability of raw materials, and skilled force. North America polyurethane market is expected to account moderate CAGR due to increased demand from the end users such as construction industry, electronic industry, packaging industry and others. Europe exhibits a significant growth in polyurethane market due to increased application in packaging sector and automotive industry. Latin America shows a significant growth in market owing to increased demand for construction designs. End user industries such as construction, electrical, automotive, and packaging are rapidly expanding in countries of Latin America such as Brazil. Middle East and Africa market is also expected to rise in the forecast period due to increased demand of packaging industry from the growing population.
Latin America
Europe
Asia Pacific
Middle East
North America
Global Polyurethane Market Segmentation
By Type
By Product Technology
- Adhesives and Sealants
- Elastomers
- Additives and Modifiers
- Foams
- Others
By End Markets
- Building, Construction, and Infrastructure
- Chemical Manufacturing
- Mobility
- Packaging
- Consumer Goods
- Electronics
- Consumer Goods
- Others
Frequently Asked Questions
The polyurethane market is projected to expand at a CAGR of 4% during the forecast period.
The Dow Chemical Company, Covestro, Huntsman Corp., Eastman Chemical Co., Mitsui Chemical Corp., Woodbridge Foam Corp., RTP Company & Lubrizol Corp.
Asia Pacific is the fastest-growing region for polyurethane market
Key Features of the Reports
- The polyurethane market report provides granular level information about the market size, country market share, historic market (2019-2023) and forecast (2024-2030)
- The report covers in-detail insights about the competitor's overview, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup's details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework
- The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porterâ's Five Force Analysis in addition to recent technology advancements and innovations in the market
| 1. Executive Summary |
| 2. Global Polyurethane Market Introduction |
| 2.1. Global Polyurethane Market - Taxonomy |
| 2.2. Global Polyurethane Market - Definitions |
| 2.2.1. Type |
| 2.2.2. Product Technology |
| 2.2.3. End Markets |
| 2.2.4. Country |
| 3. Global Polyurethane Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Key Developments |
| 3.6. M&A Activities |
| 3.7. Competition Assessment |
| 3.8. New Product Launches |
| 4. Global Polyurethane Market By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million and Volume Tons) |
| 4.1. MDI and PMDI |
| 4.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million and Volume Tons) |
| 4.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.1.3. Market Opportunity Analysis |
| 4.2. TDI |
| 4.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million and Volume Tons) |
| 4.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.2.3. Market Opportunity Analysis |
| 4.3. Polyols |
| 4.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million and Volume Tons) |
| 4.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.3.3. Market Opportunity Analysis |
| 4.4. Others |
| 4.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million and Volume Tons) |
| 4.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.4.3. Market Opportunity Analysis |
| 5. Global Polyurethane Market By Product Technology, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million and Volume Tons) |
| 5.1. Adhesives and Sealants |
| 5 1 1 Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million and Volume Tons) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Elastomers |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million and Volume Tons) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Additives and Modifiers |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million and Volume Tons) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Foams |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million and Volume Tons) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Others |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million and Volume Tons) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6. Global Polyurethane Market By End Markets, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million and Volume Tons) |
| 6.1. Building, Construction, and Infrastructure |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million and Volume Tons) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Chemical Manufacturing |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million and Volume Tons) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Mobility |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million and Volume Tons) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Packaging |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million and Volume Tons) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Consumer Goods |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million and Volume Tons) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Electronics |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million and Volume Tons) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Paints, Inks, and Coatings |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million and Volume Tons) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Others |
| 6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million and Volume Tons) |
| 6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 7. Global Polyurethane Market By Country, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million and Volume Tons) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million and Volume Tons) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million and Volume Tons) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million and Volume Tons) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million and Volume Tons) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. MEA |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million and Volume Tons) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Polyurethane Market - Opportunity Analysis Index, By Product Technology, Type, End Markets and Country, 2024 - 2030 |
| 8. North America Polyurethane Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million and Volume Tons) |
| 8.1. Type Analysis, 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million and Volume Tons, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. MDI and PMDI |
| 8.1.2. TDI |
| 8.1.3. Polyols |
| 8.1.4. Others |
| 8.2. Product Technology Analysis, 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million and Volume Tons, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1. Adhesives and Sealants |
| 8.2.2. Elastomers |
| 8.2.3. Additives and Modifiers |
| 8.2.4. Foams |
| 8.2.5. Others |
| 8.3. End Markets Analysis, 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million and Volume Tons, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1. Building, Construction, and Infrastructure |
| 8.3.2. Chemical Manufacturing |
| 8.3.3. Mobility |
| 8.3.4. Packaging |
| 8.3.5. Consumer Goods |
| 8.3.6. Electronics |
| 8.3.7. Paints, Inks, and Coatings |
| 8.3.8. Others |
| 8.4. Country Analysis, 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million and Volume Tons, Y-o-Y Growth (%), and Market Share (%) |
| 8.4.1. USA |
| 8.4.2. Canada |
| 9. Europe Polyurethane Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million and Volume Tons) |
| 9.1. Type Analysis, 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million and Volume Tons, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. MDI and PMDI |
| 9.1.2. TDI |
| 9.1.3. Polyols |
| 9.1.4. Others |
| 9.2. Product Technology Analysis, 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million and Volume Tons, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Adhesives and Sealants |
| 9.2.2. Elastomers |
| 9.2.3. Additives and Modifiers |
| 9.2.4. Foams |
| 9.2.5. Others |
| 9.3. End Markets Analysis, 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million and Volume Tons, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1. Building, Construction, and Infrastructure |
| 9.3.2. Chemical Manufacturing |
| 9.3.3. Mobility |
| 9.3.4. Packaging |
| 9.3.5. Consumer Goods |
| 9.3.6. Electronics |
| 9.3.7. Paints, Inks, and Coatings |
| 9.3.8. Others |
| 9.4. Country Analysis, 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million and Volume Tons, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1. Germany |
| 9.4.2. France |
| 9.4.3. Italy |
| 9.4.4. Spain |
| 9.4.5. Rest of Europe |
| 10. Asia Pacific Polyurethane Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million and Volume Tons) |
| 10.1. Type Analysis, 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million and Volume Tons, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. MDI and PMDI |
| 10.1.2. TDI |
| 10.1.3. Polyols |
| 10.1.4. Others |
| 10.2. Product Technology Analysis, 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million and Volume Tons, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Adhesives and Sealants |
| 10.2.2. Elastomers |
| 10.2.3. Additives and Modifiers |
| 10.2.4. Foams |
| 10.2.5. Others |
| 10.3. End Markets Analysis, 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million and Volume Tons, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1. Building, Construction, and Infrastructure |
| 10.3.2. Chemical Manufacturing |
| 10.3.3. Mobility |
| 10.3.4. Packaging |
| 10.3.5. Consumer Goods |
| 10.3.6. Electronics |
| 10.3.7. Paints, Inks, and Coatings |
| 10.3.8. Others |
| 10.4. Country Analysis, 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million and Volume Tons, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1. China |
| 10.4.2. India |
| 10.4.3. Korea |
| 10.4.4. Japan |
| 10.4.5. Rest of APAC |
| 11. Latin America Polyurethane Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million and Volume Tons) |
| 11.1. Type Analysis, 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million and Volume Tons, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. MDI and PMDI |
| 11.1.2. TDI |
| 11.1.3. Polyols |
| 11.1.4. Others |
| 11.2. Product Technology Analysis, 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million and Volume Tons, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Adhesives and Sealants |
| 11.2.2. Elastomers |
| 11.2.3. Additives and Modifiers |
| 11.2.4. Foams |
| 11.2.5. Others |
| 11.3. End Markets Analysis, 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million and Volume Tons, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1. Building, Construction, and Infrastructure |
| 11.3.2. Chemical Manufacturing |
| 11.3.3. Mobility |
| 11.3.4. Packaging |
| 11.3.5. Consumer Goods |
| 11.3.6. Electronics |
| 11.3.7. Paints, Inks, and Coatings |
| 11.3.8. Others |
| 11.4. Country Analysis, 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million and Volume Tons, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1. Brazil |
| 11.4.2. Mexico |
| 11.4.3. Argentina |
| 11.4.4. Rest of LA |
| 12. MEA Polyurethane Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million and Volume Tons) |
| 12.1. Type Analysis, 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million and Volume Tons, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. MDI and PMDI |
| 12.1.2. TDI |
| 12.1.3. Polyols |
| 12.1.4. Others |
| 12.2. Product Technology Analysis, 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million and Volume Tons, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Adhesives and Sealants |
| 12.2.2. Elastomers |
| 12.2.3. Additives and Modifiers |
| 12.2.4. Foams |
| 12.2.5. Others |
| 12.3. End Markets Analysis, 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million and Volume Tons, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1. Building, Construction, and Infrastructure |
| 12.3.2. Chemical Manufacturing |
| 12.3.3. Mobility |
| 12.3.4. Packaging |
| 12.3.5. Consumer Goods |
| 12.3.6. Electronics |
| 12.3.7. Consumer Goods |
| 12.3.8. Others |
| 12.4. Country Analysis, 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million and Volume Tons, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1. GCC Countries |
| 12.4.2. South Africa |
| 12.4.3. Rest of MEA |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, By Product Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Covestro |
| 13.2.2. BASF |
| 13.2.3. Huntsman |
| 13.2.4. Dow Chemical |
| 13.2.5. Mitsui Chemicals |
| 13.2.6. Henkel AG |
| 13.2.7. H.B. Fuller |
| 13.2.8. Wanhua Chemical Group |
| 13.2.9. Sekisui Chemical |
| 13.2.10. Ultratech |
| 13.2.11. Sika AG |
| 13.2.12. Arkema |
| 13.2.13. Mapei |
| 13.2.14. Ashland |
| 13.2.15. 3M |
| 13.2.16. Jowat SE |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
- Covestro
- BASF
- Huntsman
- Dow Chemical
- Mitsui Chemicals
- Henkel AG
- B. Fuller
- Wanhua Chemical Group
- Sekisui Chemical
- Ultratech
- Sika AG
- Arkema
- Mapei
- Ashland
- 3M
- Jowat SE