Polyurethane Market Set to Soar as Innovation and Demand Drive Record Growth Through 2031 | DataM Intelligence

Market Size and Growth:

The Global Polyurethane Market reached US$ 82.2 billion in 2023 and is expected to reach US$ 117.5 million by 2031, growing with a CAGR of 4.5% during the forecast period 2024-2031

Polyurethane Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Polyurethane Market encompasses the production, distribution, and application of polyurethane materials, a versatile polymer used in foams, coatings, adhesives, sealants, and elastomers. Driven by demand in construction, automotive, furniture, and electronics, the market focuses on innovations in lightweight, durable, and eco-friendly products, responding to global industrial growth, sustainability trends, and technological advancements in material performance.

Industry News of USA and Japan:

USA:

PPG and Huntsman Launch Specialized Coatings & PU Systems:

April 2025: Huntsman launched its SHOKLESS polyurethane systems aimed at EV (Electric Vehicle) battery protection, providing improved impact resistance, thermal safety, and durability critical features for battery manufacturing.

Japan:

UBE completes Lanxess PU systems acquisition:

On April 2, 2025, UBE Corporation finalized the acquisition of Lanxess's polyurethane systems business, gaining five production facilities, application laboratories, and ~400 employees worldwide aiming to boost its high-performance polyurethane offerings (e.g., PCD, PUD).

Key Players:

BASF SE
Covestro AG
Chemtura Corporation
DOW Chemical Company
FMC Corporation
Huntsman Corporation
Manali Petrochemicals Ltd.
Mitsui Chemicals Inc.
Wanhua Chemical Group Co., Ltd.
Woodbridge Foam Corporation.

Growth Forecast Projected:

The Global Polyurethane Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Polyurethane Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Market Segmentation:

By Raw Material: Toluene Diisocyanate, Polyols, Methylene Diphenyl Diisocyanate, Others.

By Product Form: Adhesives & Sealants, Coatings, Elastomers, Flexible Foam (polyurethane foam, thermoplastic polyurethane, polyurethane foam market), Rigid Foam.

By End User: Automotive & Transportation, Appliances & White Goods, Bedding & Furniture, Building & Construction, Footwear, Packaging.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Polyurethane market?

➠ Who are the leading manufacturers in the global Polyurethane industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Polyurethane industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Polyurethane market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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