Polyurethane Market: By Product Type (Flexible Foam, Coatings, Elastomers, Rigid Foam, Adhesives & Sealants, Binders, Thermoplastic polyurethane, Others), By Application (Automotive, Construction, Electronics & Appliances, Footwear, Furniture, Marine, Packaging, Others) and Geography  

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Polyurethane Market size was valued at USD 70.84 billion in 2022, growing at a CAGR of 4% from 2023-29. 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.

Key Features of the Reports

  • The polyurethane market report provides granular level information about the market size, country market share, historic market (2018-2022) and forecast (2023-2029)
  • 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

Global Polyurethane Market Segmentation

By Product Type
  • Flexible Foam
  • Coatings
  • Elastomers
  • Rigid Foam
  • Adhesives & Sealants
  • Binders
  • Thermoplastic polyurethane
  • Others
By Application
  • Automotive
  • Construction
  • Electronics & Appliances
  • Footwear
  • Furniture
  • Marine
  • Packaging
  • Others
By Geography

North America

  • US
  • Canada

Europe

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • ASEAN
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Chile
  • Rest of Latin America

Middle East And Africa

  • South Africa
  • Gulf Cooperation Council Countries(GCC)
  • Rest of MEA

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

1. Executive Summary
2. Global Polyurethanes Market Introduction
2.1. Global Polyurethanes Market - Taxonomy
2.2. Global Polyurethanes Market -Definitions
2.2.1. Product Type
2.2.2. Application
2.2.3. Region
3. Global Polyurethanes Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Polyurethanes Market Dynamic Factors - Impact Analysis
3.6. Global Polyurethanes Market - Competition Landscape
3.7. Global Polyurethanes Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
3.8. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
3.9. Year-over-Year (Y-o-Y) Growth Analysis (%)
3.10. Market Opportunity Analysis
3.11. Global Polyurethanes Market, By Product Type, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
3.12. Flexible Foam
3.12.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
3.12.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
3.12.3. Market Opportunity Analysis
3.13. Coatings
3.13.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
3.13.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
3.13.3. Market Opportunity Analysis
3.14. Elastomers
3.14.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
3.14.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
3.14.3. Market Opportunity Analysis
3.15. Rigid Foam
3.15.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
3.15.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
3.15.3. Market Opportunity Analysis
3.16. Adhesives and Sealants
3.16.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
3.16.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
3.16.3. Market Opportunity Analysis
3.17. Binders
3.17.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
3.17.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
3.17.3. Market Opportunity Analysis
3.18. Thermoplastic Polyurethane
3.18.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
3.18.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
3.18.3. Market Opportunity Analysis
3.19. Others
3.19.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
3.19.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
3.19.3. Market Opportunity Analysis
4. Global Polyurethanes Market Forecast, By Application, 2018 - 2022 and Forecast, 2023 - 2029
4.1. Automotive
4.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
4.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
4.1.3. Market Opportunity Analysis
4.2. Construction
4.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
4.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
4.2.3. Market Opportunity Analysis
4.3. Electronics and Appliances
4.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
4.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
4.3.3. Market Opportunity Analysis
4.4. Footwear
4.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
4.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
4.4.3. Market Opportunity Analysis
4.5. Furniture
4.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
4.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
4.5.3. Market Opportunity Analysis
4.6. Marine
4.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
4.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
4.6.3. Market Opportunity Analysis
4.7. Packaging
4.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
4.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
4.7.3. Market Opportunity Analysis
4.8. Others
4.8.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
4.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
4.8.3. Market Opportunity Analysis
5. Global Polyurethanes Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
5.1. North America
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Europe
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Asia-Pacific
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Latin America
5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
5.5. Middle East and Africa
5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.5.3. Market Opportunity Analysis
5.6. Global Polyurethanes Market - Opportunity Analysis Index, By Product Type, By Application, and Region, 2023 - 2029
5.7. North America Polyurethanes Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
5.8. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Volume (KT), Y-o-Y Growth (%), and Market Share (%)
5.8.1. Flexible Foam
5.8.2. Coatings
5.8.3. Elastomers
5.8.4. Rigid Foam
5.8.5. Adhesives & Sealants
5.8.6. Binders
5.8.7. Thermoplastic polyurethane
5.8.8. Others
5.9. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Volume (KT), Y-o-Y Growth (%) and Market Share (%)
5.9.1. Automotive
5.9.2. Construction
5.9.3. Electronics & Appliances
5.9.4. Footwear
5.9.5. Furniture
5.9.6. Marine
5.9.7. Packaging
5.9.8. Others
5.10. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Volume (KT) Y-o-Y Growth (%) and Market Share (%)
5.10.1. U.S.
5.10.2. Canada
5.11. North America Polyurethanes Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029
5.12. North America Polyurethanes Market Dynamics - Trends
5.13. Latin America Polyurethanes Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
5.14. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Volume (KT), Y-o-Y Growth (%), and Market Share (%)
5.14.1. Flexible Foam
5.14.2. Coatings
5.14.3. Elastomers
5.14.4. Rigid Foam
5.14.5. Adhesives & Sealants
5.14.6. Binders
5.14.7. Thermoplastic polyurethane
5.14.8. Others
5.15. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Volume (KT), Y-o-Y Growth (%) and Market Share (%)
5.15.1. Automotive
5.15.2. Construction
5.15.3. Electronics & Appliances
5.15.4. Footwear
5.15.5. Furniture
5.15.6. Marine
5.15.7. Packaging
5.15.8. Others
5.16. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Volume (KT) Y-o-Y Growth (%) and Market Share (%)
5.16.1. Brazil
5.16.2. Mexico
5.16.3. Argentina
5.16.4. Venezuela
5.16.5. Rest of Latin America
5.17. Latin America Polyurethanes Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029
5.18. Latin America Polyurethanes Market Dynamics - Trends
5.19. Europe Polyurethanes Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
5.20. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Volume (KT), Y-o-Y Growth (%), and Market Share (%)
5.20.1. Flexible Foam
5.20.2. Coatings
5.20.3. Elastomers
5.20.4. Rigid Foam
5.20.5. Adhesives & Sealants
5.20.6. Binders
5.20.7. Others
5.21. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Volume (KT), Y-o-Y Growth (%) and Market Share (%)
5.21.1. Automotive
5.21.2. Construction
5.21.3. Electronics & Appliances
5.21.4. Footwear
5.21.5. Furniture
5.21.6. Marine
5.21.7. Packaging
5.21.8. Others
5.22. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Volume (KT) Y-o-Y Growth (%) and Market Share (%)
5.22.1. Germany
5.22.2. UK
5.22.3. France
5.22.4. Spain
5.22.5. Italy
5.22.6. Poland
5.22.7. Rest of Europe
5.23. Europe Polyurethanes Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029
5.24. Europe Polyurethanes Market Dynamics - Trends
5.25. Asia Pacific Polyurethanes Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
5.26. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Volume (KT), Y-o-Y Growth (%), and Market Share (%)
5.26.1. Flexible Foam
5.26.2. Coatings
5.26.3. Elastomers
5.26.4. Rigid Foam
5.26.5. Adhesives & Sealants
5.26.6. Binders
5.26.7. Thermoplastic polyurethane
5.26.8. Others
5.27. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Volume (KT), Y-o-Y Growth (%) and Market Share (%)
5.27.1. Automotive
5.27.2. Construction
5.27.3. Electronics & Appliances
5.27.4. Footwear
5.27.5. Furniture
5.27.6. Marine
5.27.7. Packaging
5.27.8. Others
5.28. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Volume (KT) Y-o-Y Growth (%) and Market Share (%)
5.28.1. Japan
5.28.2. China
5.28.3. India
5.28.4. ASEAN
5.28.5. Australia & New Zealand
5.28.6. Rest of Asia-Pacific
5.29. Asia Pacific Polyurethanes Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029
5.30. Asia Pacific Polyurethanes Market Dynamics - Trends
5.31. Middle East & Africa (MEA) Polyurethanes Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, Revenue (USD Mn), Volume (KT) & Volume (KT)
5.32. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Volume (KT), Y-o-Y Growth (%), and Market Share (%)
5.32.1. Flexible Foam
5.32.2. Coatings
5.32.3. Elastomers
5.32.4. Rigid Foam
5.32.5. Adhesives & Sealants
5.32.6. Binders
5.32.7. Thermoplastic polyurethane
5.32.8. Others
5.33. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Volume (KT), Y-o-Y Growth (%) and Market Share (%)
5.33.1. Automotive
5.33.2. Construction
5.33.3. Electronics & Appliances
5.33.4. Footwear
5.33.5. Furniture
5.33.6. Marine
5.33.7. Packaging
5.33.8. Others
5.34. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Volume (KT) Y-o-Y Growth (%) and Market Share (%)
5.34.1. Gulf Cooperation Council (GCC) Countries
5.34.2. Israel
5.34.3. South Africa
5.34.4. Rest of MEA
5.35. MEA Polyurethanes Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029
5.36. MEA Polyurethanes Market Dynamics - Trends
5.37. Competition Landscape
5.38. Strategic Dashboard of Top Market Players
5.39. Company Profiles (Introduction, Financial Analysis, Product Type& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
5.39.1. The Dow Chemical Co. (U.S.)
5.39.2. Woodbridege Foam (Canada)
5.39.3. Eastman Chemical Company (U.S.)
5.39.4. Huntsman Corporation (U.S.)
5.39.5. Lubrizol Corporation (U.S.)
5.39.6. BASF SE (Germany)
5.39.7. Mitsui Chemical (Japan)
5.39.8. Future Foam Inc. (U.S.)
6. Research Methodology
7. Key Assumptions and Acronyms
  • BASF SE
  • The Dow Chemical Company
  • Covestro, Huntsman Corp.
  • Eastman Chemical Co.
  • Mitsui Chemical Corp.
  • Woodbridge Foam Corp.
  • RTP Company & Lubrizol Corp.
  • LANXESS
  • Pestorp
  • Manali Petrochemicals Ltd.
  • Wahua Chemical Group Co., Ltd