Press release
Polyurethane Market Size, Share & Trends Analysis Report Forecast Period (2024-2031).
Polyurethane market is anticipated to grow at a CAGR of 6.2% during the forecast period (2024-2031). Polyurethane refers to a class of polymers composed of organic units joined by carbamate links. In contrast to other common polymers such as polyethylene and polystyrene, polyurethane is produced from a wide range of starting materials. The high demand for polyurethanes from end-user industries owing to their benefits is a key factor driving global industry growth.Get Sample Copy of this Report at
https://www.omrglobal.com/request-sample/polyurethanes-market
Growing Demand for Sustainable Materials
Polyurethanes are the most versatile materials. Polyurethane manufacturers are producing innovative, life-enhancing products and technologies that make it highly sustainable. Polyurethanes promote sustainability by reducing waste and achieving the United Nations Sustainable Development Goals (SDGs). For instance, rigid polyurethane used to insulate refrigerators lasts the lifetime of the refrigerator and flexible polyurethane in automotive seating lasts the life of the car.
full report of available
https://www.omrglobal.com/industry-reports/polyurethanes-market
According to the Food and Agriculture Organization (FAO) of the United Nations, estimation each year, one-third of all food produced for human consumption globally (around 1.3 billion tons) is lost or wasted. This includes 45.0% of all fruit and vegetables, 35.0% of fish and seafood, 30.0% of cereals, 20.0% of dairy products, and 20.0% of meat. Polyurethanes help people globally access a safe, adequate food supply to meet basic nutritional needs by offering applications in cold chain shipping. Additionally, polyurethane foam in major appliances stores pharmaceuticals and extends their shelf life, allowing for much-needed access to groundbreaking medicines and medical treatments worldwide to eradicate lethal diseases. Thus, the growing demand for sustainable materials across the end-user industries is a key factor driving the growth of the global polyurethane market.
Bio-based polyurethanes offer Lucrative Opportunities
The increasing demand for bio-based polyurethane is anticipated to create lucrative growth opportunities for the global market. The key players are introducing advanced products, to meet the growing demand for bio-based polyurethanes. For instance, in September 2023, Covestro and Poland-based construction chemicals producer Selena Group collaborated to craft a more sustainable range of polyurethane (PU) foams for enhancing building thermal insulation. Further, in November 2022, Huntsman launched Acoustiflex VEF BIO - a visco-elastic foam containing up to 20.0% bio-based content derived from vegetable oils for molded acoustic applications in the automotive industry. This new solution can lower the carbon footprint of automotive carpet back-foaming by up to 25.0% compared with existing Huntsman systems for this application. The technology can also be used for dash and wheel arch insulation.
by Raw Material (Toluene Diisocyanate, Methylene Diphenyl Diisocyanate, and Polyols)
by Application (Rigid Foam, Flexible Foam, Coatings, Adhesives, Sealants, Elastomers, and Other), and
by End-User (Automobile, Building & Construction, Furniture, Electronics, Footwear, and Other)
Market Segmentation
Based on the raw material, the market is segmented into toluene diisocyanate, methylene diphenyl diisocyanate, and polyols.
Based on the application, the market is segmented into rigid foam, flexible foam, coatings, adhesives, sealants, elastomers, and others (insulators).
Based on the end-user, the market is segmented into automobile, building & construction, furniture, electronics, footwear, and other (medical devices).
Building & Construction Holds Major Share Based on End-User
Polyurethane is widely used in the building & construction industry owing to its excellent strength-to-weight ratio, insulation properties, versatility, and durability. In the construction industry polyurethane is used in attics, walls, floors, crawl spaces, roofs, doors, and windows for insulation purposes to reduce air leaks and increase energy efficiency. According to the US Environmental Protection Agency's (EPA) Energy Star program estimates, by the addition of insulation and sealing air leaks, the average household could save 15.0% on heating and cooling costs.
Also, according to the Business of Council for Sustainable Energy, US energy productivity grew 17.6% over the past decade. The use of insulation products across the economy is a key contribution to energy productivity growth. Therefore, the growing demand for proper insulation in buildings with the growing trend of green building concepts has spurred the demand for polyurethanes across the building & construction industry. Thus, the growing construction sector globally is estimated to promote the market growth of the segment.
Regional Outlook
The global polyurethane market is further segmented based on geography including North America (the US, and Canada), Europe (the UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Asia-Pacific Holds Major Market Share
Asia-Pacific is both a major producer and consumer of polyurethane products. The regional market growth is driven by key market players across the region adopting different market strategies to meet the growing demand for polyurethane. For instance, in January 2024, BASF SE unveiled the inauguration of a cutting-edge thermoplastic polyurethane facility in Zhanjiang, China. The strategic establishment of this new facility is geared towards empowering BASF to effectively cater to the escalating demand in the Asia-Pacific region, particularly in key sectors such as industrial applications, e-mobility, and emerging energy solutions.
Further, in March 2024, BASF and Shandong Wiskind Architectural Steel Co., Ltd. (Wiskind) expanded their strategic partnership with sustainable polyurethane (PU) sandwich panels for cold chain applications. The collaboration was made to explore the further applications of PU sandwich panels, as well as to ascertain potential avenues for joint marketing. Such developments across the region are further aiding the regional market growth.
Market Players Outlook
global polyurethane market players outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the polyurethane market include BASF SE, Covestro AG, Dow Co., Huntsman Corp., and Wanhua Chemical (Yantai) Sales Co., Ltd. among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers and acquisitions to stay competitive in the market.
Recent Development
In March 2024, Dubai-based Pearl Group, formerly recognized as Bayer Pearl and Pearl Covestro made substantial advancements in its operations within Saudi Arabia, effectively doubling its production capacity in the Kingdom. This expansion significantly bolsters its ability to meet the escalating local and regional demand for polyurethane products.
The Report Covers
Market value data analysis of 2023 and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the polyurethane market. Based on the availability of data, information related to new products, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.
For More Customized Data, Request for Report Customization
https://www.omrglobal.com/report-customization/polyurethanes-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Polyurethane Market Size, Share & Trends Analysis Report Forecast Period (2024-2031). here
News-ID: 3798422 • Views: …
More Releases from Orion Market Research

Hair Accessories Market Poised for Strong Growth Driven by Gen Z Trends and Sust …
Hair accessories market was valued at $23.8 billion in 2024 and is projected to reach $55.2 billion in 2035, growing at a CAGR of 8.2% during the forecast period (2025-2035). Generation Z, with significant disposable income, is transforming the hair accessories category in a major way. Their close connection to trends creates a unique feeling of urgency to self-express through fashion, such as clips, scrunchies, and barrettes. It has become…

Railway Management System Market Size Analysis, Competitive Insights, Leading Pl …
Railway System (or Railway Management System) market was valued at approximately USD 28.28 billion, and it is expected to reach about USD 45.19 billion by 2033, growing at a CAGR of around 4.8% from 2024 to 2033.
Railway Management System Market Overview
The Railway Management System market includes technologies and systems used to plan, monitor, and manage railway operations-everything from traffic and signaling systems to asset and maintenance management, passenger information,…

Monocalcium Phosphate Market Size Analysis, Competitive Insights, Leading Player …
Monocalcium Phosphate market was valued at about USD 4.2 billion, and it is anticipated to reach around USD 6.9 billion by 2033, growing at a CAGR of approximately 5% from 2023 to 2033.
Monocalcium Phosphate Market Overview
Monocalcium phosphate (MCP) is a calcium-phosphorus compound widely used in animal feed, fertilizers, and also in food and beverage applications (for example as leavening agent or acidity regulator), due to its solubility and bioavailability. The…

Automotive Lubricants Market Size Analysis, Competitive Insights, Leading Player …
Automotive Lubricants Market was valued at approximately USD 70.44 billion. By 2033, it is expected to reach around USD 107.09 billion, growing at a CAGR of about 3.3% from 2025 to 2033.
Automotive Lubricants Market Overview
The automotive lubricants market consists of products like engine oils, gear oils, greases, hydraulic fluids, and transmission fluids that reduce friction, wear and tear, and improve efficiency and lifespan of vehicle components. Demand is driven by…
More Releases for Polyurethane
Evolving Market Trends In The Polyurethane Sealants (PU) Industry: Polyurethane …
The Polyurethane Sealants (PU) Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Polyurethane Sealants (PU) Market Size During the Forecast Period?
The Polyurethane Sealants (PU) Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025…
Polyurethane Sealants Market Report 2024 - Polyurethane Sealants Market Trends, …
"The Business Research Company recently released a comprehensive report on the Global Polyurethane Sealants (PU) Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, The polyurethane sealants (pu)…
Africa MDI, TDI, Polyurethane Market will reach USD 839.96 million by 2030, By A …
Polyurethane is a thermoplastic polymer, which fits in the NHCOO group and mostly use to make elastomers, fillers, and adhesives. Diisocyanates are joined with polyols and additional compounds to make polyurethanes, which provide hardiness and stiffness in elastomers and are accessible in stiff and flexible foam forms. Polyurethanes are utilized in different commercial and manufacturing industries. Toluene diisocyanate (TDI) and methylene diphenyl diisocyanate (MDI) are major basic ingredients.
View Detailed Report:…
Modifiers for Polyurethane Resins Market Enhancing Performance and Versatility o …
Global Modifiers for Polyurethane Resins Market Overview:
The Modifiers for Polyurethane Resins market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others.
In recent years, the Modifiers for Polyurethane Resins market has experienced significant growth, driven by factors such as increasing consumer demand, technological advancements, and…
Global Thermoplastic Polyurethane Films (TPU) Market 2020 Growth Rate - BASF SE, …
An informative study named Global Thermoplastic Polyurethane Films (TPU) Market 2020 by Manufacturers, Type and Application, Forecast to 2025 has lately been released for the database of MarketsandResearch.biz that offers detailed research and analysis of key aspects of the global market. The report helps clients by making business conclusions and shapes the future of the organizations. It supplies a comprehensive analysis of business aspects like global Thermoplastic Polyurethane Films (TPU)…
Global Bio Polyurethane (Bio-based Polyurethane) Market, Incredible Possibilitie …
Qyresearchreports include new market research report "Global Bio Polyurethane (Bio-based Polyurethane) Market Insights,Forecast to 2025" to its huge collection of research reports.
The objectives of compiling this business intelligence study have been to introduce the current scenario of the global Bio Polyurethane (Bio-based Polyurethane) market and its future prospects. Consequently, the report provides detailed information pertaining to factors that will determine the prosperity of the market as well as curtail its…