United States Polyurethane Market is expected to reach US$ 117.5 Million by 2031 | Major key players - BASF SE, Covestro AG, Chemtura Corporation.

Market Size and Forecast:

The Global Polyurethane Market size 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.

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The Polyurethane Market encompasses the production, distribution, and application of polyurethane materials, including foams, coatings, adhesives, sealants, and elastomers. Driven by demand across construction, automotive, furniture, and electronics industries, the market focuses on durable, flexible, and lightweight solutions. Growth is fueled by innovation, sustainability initiatives, and increasing industrial and consumer applications worldwide.

Industry Recent Developments:

USA:
In September 2025, Canadian plastics manufacturer Lefko chose New Braunfels, Texas for its new U.S. headquarters to produce blow-molded plastic products for automotive, medical, and recreational industries, creating over 150 jobs with competitive wages.

In July 2025, the U.S. plastics industry saw a significant surge in mergers and acquisitions with capital investment increasing by 193.8% in Q1 2025 compared to Q4 2024, reaching $9.4 billion, reflecting strong momentum despite tariff uncertainties.

Japan:
In August 2025, Tosoh Corporation announced its first-quarter consolidated results for its 2026 fiscal year, reflecting ongoing activities in the polyurethane sector.

In April to June 2025, Japan's casting polyurethane market showed marginal changes with a slight decrease in resin output but maintained strong demand from automotive and steel sectors. High export prices for rigid foam in June 2025 helped stabilize the market despite softer domestic demand, fueled by sustainability trends and bio-based polyurethanes.

Europe:
In late July 2025, polyurethane resin prices trended upwards across Europe as lower-priced imports from Asia declined and production slowed due to seasonal maintenance; price increases were supported by rising raw material costs and supply constraints.

The European polyurethane market size is growing steadily, driven by construction and automotive sectors emphasizing sustainability and energy efficiency. France and the UK are key contributors, focusing on green building practices and investments in sustainable infrastructure as of mid-2025.

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Major 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.

Key Growth Drivers:

Increasing demand from the construction industry, driven by strict building codes and urban densification that require high-performance insulation and energy-efficient materials.

Growing use in the automotive sector, where lightweight, high-performance polyurethane composites help reduce vehicle weight for better fuel economy and meet stringent emissions regulations.

Rising demand for bio-based and sustainable polyurethane products due to green chemistry innovations, circular economy goals, and regulatory emphasis on low-VOC, low-carbon materials.

Segments Covered in the Polyurethane Market:

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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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Polyurethane market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Polyurethane Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Polyurethane market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Polyurethane Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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People Also Ask:

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