Polyurethane Market Predicted to Hit USD 103.99 Billion by 2031 | Dow, Huntsman, AkzoNobel, Mitsui Chem

Los Angeles, United States - QY Research has unveiled its latest study titled "Global Polyurethane Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This newly released report delivers a comprehensive overview of the global Polyurethane market, analyzing the forces shaping its growth trajectory and providing valuable insights for stakeholders, investors, and industry professionals. the research covers key areas including market dynamics, segmentation, regional performance, competitive landscape, and emerging technology trends that are redefining industry standards. Backed by reliable data and expert analysis, the report serves as a trusted guide to understanding both microeconomic and macroeconomic factors driving market evolution.

The global market for Polyurethane was estimated to be worth US$ 82.01 billion in 2024 and is forecast to a readjusted size of US$ 103.99 billion by 2031 with a CAGR of 3.5% during the forecast period 2025-2031.

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The research report also includes the global Polyurethane market figures that provide historical data as well as estimated figures. It gives a clear picture of the growth rate of the market during the forecast period. The Polyurethane report aims to give the readers quantifiable data that is collected from verified data. The report attempts to answer all the difficult questions such as market sizes and company strategies.

The potential shifts in the 2025 U.S. tariff framework pose substantial volatility risks to global markets. This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Polyurethane, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

Polyurethane is a highly adaptable polymer material known for its wide range of physical properties and application flexibility. Produced through the reaction of polyols and isocyanates, polyurethane can be engineered into various forms, including foams, elastomers, coatings, adhesives, and sealants. One of its key advantages lies in its ability to be customized into rigid or flexible structures, making it suitable for applications that require strength, insulation, comfort, or impact resistance. This versatility has made polyurethane a preferred material across numerous industries, including automotive, construction, furniture, footwear, electronics, and packaging. Its performance benefits-such as durability, lightweight characteristics, and energy efficiency-continue to support its broad usage in both consumer and industrial products.

Competitive Landscape: -

Dow
BASF
Huntsman
AkzoNobel
Covestro
Lubrizol
Recticel
LANXESS
INOAC
Tosoh
Mitsui Chem
Woodbridge Foam
Wanhua
INOV Polyurethane
Oriental Yuhong

The competitive landscape is a must-have information for the market players to withstand the competition present in the global Polyurethane market. This further helps the market participants to develop effective strategies to optimize their market positions. Moreover, the competitive analysis helps them to determine potential advantages as well as barriers within the global Polyurethane market. This way, they can monitor how their competitors are implementing various strategies including pricing, marketing, and distribution.

Current Market Landscape and Regional Dominance -

The global polyurethane market is marked by strong regional dynamics, with the Asia-Pacific region emerging as the central hub for production and consumption. This dominance is driven by the region's rapid industrialization, population growth, and expanding manufacturing base, particularly in China and Southeast Asia. Polyurethane demand in Asia-Pacific is supported by booming construction activity, rising automotive production, and increased consumer goods manufacturing. In contrast, markets in Europe and North America are relatively mature, focusing more on innovation, sustainability, and regulatory compliance. These regions are investing in bio-based polyurethanes and advanced recycling technologies to meet environmental goals. The global market continues to shift in response to regional demand patterns, with manufacturers adjusting their strategies accordingly to address both growth opportunities and evolving regulatory standards.

Future Trends and Industry Outlook -

Looking forward, the polyurethane industry is expected to experience continued expansion, supported by megatrends such as urbanization, energy efficiency, and lightweighting in transportation. In construction, polyurethane foams are widely used for insulation and sealing applications, helping to improve energy conservation in buildings. In the automotive sector, the need for lightweight and durable materials drives the use of polyurethane in seating, panels, and coatings. Furthermore, innovation in sustainable materials-such as renewable-based polyols and low-emission formulations-is opening new avenues for eco-friendly polyurethane products. Regulatory frameworks emphasizing environmental performance, coupled with end-user demand for high-performance materials, are shaping the direction of product development and investment. Overall, polyurethane's combination of adaptability, performance, and ongoing innovation positions it as a key material in the global transition toward smarter, more sustainable industrial solutions.

Regional Insights -

The report takes readers on a journey through four key regions: United States, Asia-Pacific, and EMEA. Key nations like the United States, Germany, the United Kingdom, China, Japan, South Korea, and more are thoroughly examined. The data is presented in a timeline from 2024 as the base year, with projections extending to 2031.

North America: United States, Canada, Mexico

Latin America: Brazil and other key markets

Asia Pacific: China, Japan, South Korea, India, ASEAN countries

Europe, Middle East & Africa (EMEA): Major European economies, GCC countries, and African nations

The report provides a region-wise breakdown of market share, consumption trends, and future prospects.

Detailed of Polyurethane Market Segmentation -

The report offers great insights into important segments of the global Polyurethane market while concentrating on their CAGR, market size, market share, and future growth potential. The global Polyurethane market is mainly segmented according to type of product, application, and region. Each segment in these categories is extensively researched to become familiar with their growth prospects and key trends. Segmental analysis is highly important to identify key growth pockets of a global market. The report provides specific information on the market growth and demand of different products and applications to help players to focus on profitable areas of the global Polyurethane market.

Segmentation By Type :-

Flexible Foam
Rigid Foam
Coatings
Adhesives & Sealants
Elastomers
Others

Segmentation By Application -

Furniture and Interiors
Construction
Electronics and Appliances
Automotive
Footwear
Others

This segmentation helps identify high-growth opportunities and niche segments for investors and businesses.

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Why This Report is a Must-Have -

ᗒ Historical Analysis (2020-2024) & Forecasts (2025-2031): Gain a clear understanding of market trends and future growth potential.

ᗒ Comprehensive Market Segmentation: Detailed breakdown by Type, Application, and Region to identify lucrative opportunities.

ᗒ Competitive Landscape: Insights into key players, their market share, and strategic developments like mergers, acquisitions, and expansion plans.

ᗒ Drivers & Restraints: Understand the factors shaping the market's growth and the challenges that could impact your strategy.

ᗒ Expert Opinions & Market Dynamics: Benefit from expert analysis to navigate market risks and capitalize on emerging trends.

Polyurethane Market Report Objectives -

(1) Analyzing the size of the global Polyurethane market on the basis of value and volume

(2) Accurately calculating the market shares, consumption, and other vital factors of different segments of the global Polyurethane market

(3) Exploring key dynamics of the global Polyurethane market

(4) Highlighting important trends of the global Polyurethane market in terms of production, revenue, and sales

(5) Deeply profiling top players of the global Polyurethane market and showing how they compete in the industry

(6) Studying manufacturing processes and costs, product pricing, and various trends related to them

(7) Showing the performance of different regions and countries in the global Polyurethane market

(8) Forecasting the market size and share of all segments, regions, and the global market.

Important Questions Answered included in the Report:-

(A) What is the market size and growth rate of the global and regional market by various segments?

(B) What is the market size and growth rate of the market for selective Countries?

(C) Which region or sub-segment is expected to drive the market in the forecast period?

(D) What factors are estimated to drive and restrain the market growth?

(E) What are the key technology and market trends shaping the market?

(F) what are the key opportunity in the market?

(G) Who are the leading manufacturers operating in the global Polyurethane market?

(H) Which key player accounted for the highest market share?

(I) What are the growth opportunities for the new entrants in the global Polyurethane market?

Table of Contents - Major Key Points:

1 Market Overview
1.1 Polyurethane Product Introduction
1.2 Global Polyurethane Market Size Forecast
1.2.1 Global Polyurethane Sales Value (2020-2031)
1.2.2 Global Polyurethane Sales Volume (2020-2031)
1.2.3 Global Polyurethane Sales Price (2020-2031)
1.3 Polyurethane Market Trends & Drivers
1.3.1 Polyurethane Industry Trends
1.3.2 Polyurethane Market Drivers & Opportunity
1.3.3 Polyurethane Market Challenges
1.3.4 Polyurethane Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Polyurethane Players Revenue Ranking (2024)
2.2 Global Polyurethane Revenue by Company (2020-2025)
2.3 Global Polyurethane Players Sales Volume Ranking (2024)
2.4 Global Polyurethane Sales Volume by Company Players (2020-2025)
2.5 Global Polyurethane Average Price by Company (2020-2025)
2.6 Key Manufacturers Polyurethane Manufacturing Base and Headquarters
2.7 Key Manufacturers Polyurethane Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Polyurethane
2.9 Polyurethane Market Competitive Analysis
2.9.1 Polyurethane Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Polyurethane Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Polyurethane as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Flexible Foam
3.1.2 Rigid Foam
3.1.3 Coatings
3.1.4 Adhesives & Sealants
3.1.5 Elastomers
3.1.6 Others
3.2 Global Polyurethane Sales Value by Type
3.2.1 Global Polyurethane Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Polyurethane Sales Value, by Type (2020-2031)
3.2.3 Global Polyurethane Sales Value, by Type (%) (2020-2031)
3.3 Global Polyurethane Sales Volume by Type
3.3.1 Global Polyurethane Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Polyurethane Sales Volume, by Type (2020-2031)
3.3.3 Global Polyurethane Sales Volume, by Type (%) (2020-2031)
3.4 Global Polyurethane Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Furniture and Interiors
4.1.2 Construction
4.1.3 Electronics and Appliances
4.1.4 Automotive
4.1.5 Footwear
4.1.6 Others
4.2 Global Polyurethane Sales Value by Application
4.2.1 Global Polyurethane Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Polyurethane Sales Value, by Application (2020-2031)
4.2.3 Global Polyurethane Sales Value, by Application (%) (2020-2031)
4.3 Global Polyurethane Sales Volume by Application
4.3.1 Global Polyurethane Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Polyurethane Sales Volume, by Application (2020-2031)
4.3.3 Global Polyurethane Sales Volume, by Application (%) (2020-2031)
4.4 Global Polyurethane Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Polyurethane Sales Value by Region
5.1.1 Global Polyurethane Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Polyurethane Sales Value by Region (2020-2025)
5.1.3 Global Polyurethane Sales Value by Region (2026-2031)
5.1.4 Global Polyurethane Sales Value by Region (%), (2020-2031)
5.2 Global Polyurethane Sales Volume by Region
5.2.1 Global Polyurethane Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Polyurethane Sales Volume by Region (2020-2025)
5.2.3 Global Polyurethane Sales Volume by Region (2026-2031)
5.2.4 Global Polyurethane Sales Volume by Region (%), (2020-2031)
5.3 Global Polyurethane Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Polyurethane Sales Value, 2020-2031
5.4.2 North America Polyurethane Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Polyurethane Sales Value, 2020-2031
5.5.2 Europe Polyurethane Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Polyurethane Sales Value, 2020-2031
5.6.2 Asia Pacific Polyurethane Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Polyurethane Sales Value, 2020-2031
5.7.2 South America Polyurethane Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Polyurethane Sales Value, 2020-2031
5.8.2 Middle East & Africa Polyurethane Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Polyurethane Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Polyurethane Sales Value and Sales Volume
6.2.1 Key Countries/Regions Polyurethane Sales Value, 2020-2031
6.2.2 Key Countries/Regions Polyurethane Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Polyurethane Sales Value, 2020-2031
6.3.2 United States Polyurethane Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Polyurethane Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Polyurethane Sales Value, 2020-2031
6.4.2 Europe Polyurethane Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Polyurethane Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Polyurethane Sales Value, 2020-2031
6.5.2 China Polyurethane Sales Value by Type (%), 2024 VS 2031
6.5.3 China Polyurethane Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Polyurethane Sales Value, 2020-2031
6.6.2 Japan Polyurethane Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Polyurethane Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Polyurethane Sales Value, 2020-2031
6.7.2 South Korea Polyurethane Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Polyurethane Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Polyurethane Sales Value, 2020-2031
6.8.2 Southeast Asia Polyurethane Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Polyurethane Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Polyurethane Sales Value, 2020-2031
6.9.2 India Polyurethane Sales Value by Type (%), 2024 VS 2031
6.9.3 India Polyurethane Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Dow
7.1.1 Dow Company Information
7.1.2 Dow Introduction and Business Overview
7.1.3 Dow Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Dow Polyurethane Product Offerings
7.1.5 Dow Recent Development
7.2 BASF
7.2.1 BASF Company Information
7.2.2 BASF Introduction and Business Overview
7.2.3 BASF Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 BASF Polyurethane Product Offerings
7.2.5 BASF Recent Development
7.3 Huntsman
7.3.1 Huntsman Company Information
7.3.2 Huntsman Introduction and Business Overview
7.3.3 Huntsman Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Huntsman Polyurethane Product Offerings
7.3.5 Huntsman Recent Development
7.4 AkzoNobel
7.4.1 AkzoNobel Company Information
7.4.2 AkzoNobel Introduction and Business Overview
7.4.3 AkzoNobel Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 AkzoNobel Polyurethane Product Offerings
7.4.5 AkzoNobel Recent Development
7.5 Covestro
7.5.1 Covestro Company Information
7.5.2 Covestro Introduction and Business Overview
7.5.3 Covestro Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Covestro Polyurethane Product Offerings
7.5.5 Covestro Recent Development
7.6 Lubrizol
7.6.1 Lubrizol Company Information
7.6.2 Lubrizol Introduction and Business Overview
7.6.3 Lubrizol Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Lubrizol Polyurethane Product Offerings
7.6.5 Lubrizol Recent Development
7.7 Recticel
7.7.1 Recticel Company Information
7.7.2 Recticel Introduction and Business Overview
7.7.3 Recticel Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Recticel Polyurethane Product Offerings
7.7.5 Recticel Recent Development
7.8 LANXESS
7.8.1 LANXESS Company Information
7.8.2 LANXESS Introduction and Business Overview
7.8.3 LANXESS Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 LANXESS Polyurethane Product Offerings
7.8.5 LANXESS Recent Development
7.9 INOAC
7.9.1 INOAC Company Information
7.9.2 INOAC Introduction and Business Overview
7.9.3 INOAC Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 INOAC Polyurethane Product Offerings
7.9.5 INOAC Recent Development
7.10 Tosoh
7.10.1 Tosoh Company Information
7.10.2 Tosoh Introduction and Business Overview
7.10.3 Tosoh Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Tosoh Polyurethane Product Offerings
7.10.5 Tosoh Recent Development
7.11 Mitsui Chem
7.11.1 Mitsui Chem Company Information
7.11.2 Mitsui Chem Introduction and Business Overview
7.11.3 Mitsui Chem Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Mitsui Chem Polyurethane Product Offerings
7.11.5 Mitsui Chem Recent Development
7.12 Woodbridge Foam
7.12.1 Woodbridge Foam Company Information
7.12.2 Woodbridge Foam Introduction and Business Overview
7.12.3 Woodbridge Foam Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Woodbridge Foam Polyurethane Product Offerings
7.12.5 Woodbridge Foam Recent Development
7.13 Wanhua
7.13.1 Wanhua Company Information
7.13.2 Wanhua Introduction and Business Overview
7.13.3 Wanhua Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Wanhua Polyurethane Product Offerings
7.13.5 Wanhua Recent Development
7.14 INOV Polyurethane
7.14.1 INOV Polyurethane Company Information
7.14.2 INOV Polyurethane Introduction and Business Overview
7.14.3 INOV Polyurethane Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 INOV Polyurethane Polyurethane Product Offerings
7.14.5 INOV Polyurethane Recent Development
7.15 Oriental Yuhong
7.15.1 Oriental Yuhong Company Information
7.15.2 Oriental Yuhong Introduction and Business Overview
7.15.3 Oriental Yuhong Polyurethane Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 Oriental Yuhong Polyurethane Product Offerings
7.15.5 Oriental Yuhong Recent Development
8 Industry Chain Analysis
8.1 Polyurethane Industrial Chain
8.2 Polyurethane Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Polyurethane Sales Model
8.5.2 Sales Channel
8.5.3 Polyurethane Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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