Polyurethane Market growing at a CAGR of 5.36% between 2025 and 2030 is projected to reach USD 113.84 billion by 2030 | Mordor Intelligence

The latest research by Mordor Intelligence covers the "Polyurethane Market," delivering insights into market dynamics, drivers of growth, and long-term forecasts.

The global polyurethane market valued at USD 87.48 billion in 2025, is projected to reach USD 113.84 billion by 2030 at a CAGR of 5.36%. Driven by demand in construction, automotive, and furniture, polyurethane offers insulation, durability, and lightweight performance across industries.

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Asia-Pacific remains the largest regional market, accounting for nearly half of global revenue, with China and India leading capacity expansions. Meanwhile, North America and Europe are seeing increased demand for energy-efficient materials and sustainable polyurethane formulations. The market's trajectory is shaped not only by industrial demand but also by regulatory pressures encouraging low-VOC and bio-based alternatives.

Polyurethane Emerging Trends

Automotive lightweight materials: Automakers are increasingly adopting polyurethane composites to reduce vehicle weight and improve fuel efficiency. Flexible foams and reinforced polyurethane components are being integrated into seating, interiors, and body panels, aligning with global emission reduction targets

Construction demand: Rigid polyurethane foams are widely used in insulation due to their high thermal resistance. Stricter building codes in Asia-Pacific, North America, and Europe are driving demand for energy-efficient materials, making polyurethane a preferred choice for both new builds and retrofits

Furniture and bedding growth: Flexible polyurethane foams dominate the bedding and furniture segment. Direct-to-consumer mattress brands rely on compressible foams for cost-effective logistics, while viscoelastic foams enhance comfort and pressure distribution

Sustainability focus: Bio-based polyols and recycling technologies are gaining traction. Manufacturers are investing in CO2-modified foams and biomass-balanced thermoplastic polyurethane (TPU) to reduce carbon footprints and meet regulatory requirements

Energy efficiency: Polyurethane's dual role as thermal and air barrier makes it essential in industrial cold-chain applications and residential retrofits, reducing energy consumption and operational costs

Explore In-Depth Insights and Regional Perspectives, Including Localized Editions such as the Japan Market: https://www.mordorintelligence.com/ja/industry-reports/polyurethane-market?utm_source=openpr

Polyurethane Market Segmentation

By Type

Flexible Foam: Leading with 32% market share in 2024, flexible foam is widely used in bedding, furniture, and automotive seating. Expected CAGR: 6.07% through 2030

Rigid Foam: Preferred in construction insulation for its high R-value and air-sealing properties.

CASE Products: Coatings, adhesives, sealants, and elastomers extend polyurethane's utility to flooring, vibration damping, and corrosion resistance.
Thermoplastic Polyurethane (TPU): Increasingly used in footwear and electronics, supported by biomass-balanced TPU grades.

By Raw Material

Methylene Diphenyl Di-Isocyanate (MDI): Dominates with 41.2% share in 2024, critical for both flexible and rigid foams.

Toluene Di-Isocyanate (TDI): Retains relevance in flexible foams and coatings but faces regulatory scrutiny.

Bio-based Polyols: Fastest-growing segment, projected CAGR of 6.90% through 2030, driven by sustainability initiatives
By End-User Industry

Construction: Accounts for 30% of market share, supported by stricter energy codes and urban development.

Automotive: Fastest-growing end-user, with a CAGR of 6.17%, leveraging polyurethane composites for lightweighting and acoustic insulation.

Furniture and Bedding: Strong demand for flexible foams in mattresses and seating.

Electronics and Footwear: Expanding applications in consumer goods and sportswear.

By Geography

Asia-Pacific: Largest market with 46% share in 2024, projected CAGR of 6.01% through 2030.

North America: Mature but innovative, with strong demand for insulation and automotive applications.

Europe: Shaped by regulatory restrictions, encouraging low-VOC and biomass-balanced polyurethane.

South America, Middle East & Africa: Smaller but growing markets driven by infrastructure and packaging demand

Explore Key Players Overview: https://www.mordorintelligence.com/industry-reports/polyurethane-market/companies?utm_source=openpr

Polyurethane Key Players

BASF SE: Focused on chemical recycling and sustainable polyurethane solutions.
Covestro AG: Known for CO2-modified rigid foams used in green building projects.

Dow Inc.: Collaborating with automotive manufacturers to develop closed-loop seating solutions.

Huntsman Corporation: Strong presence in MDI production and specialty polyurethane applications.

Wanhua Chemical Group: Expanding capacity in Asia-Pacific, reinforcing regional dominance

These companies leverage upstream integration, R&D investments, and sustainability-driven innovations to maintain competitive advantage. Emerging players are targeting niche applications such as footwear midsoles and electronics casings with bio-based and degradable polyurethane solutions.

Conclusion:

Growth is driven by construction demand for energy-efficient insulation, automotive adoption of lightweight composites, and rising consumer preference for comfort-oriented furniture and bedding. Asia-Pacific will remain the global leader, while North America and Europe focus on sustainability and regulatory compliance.

Despite challenges such as feedstock price volatility and regulatory restrictions on additives, polyurethane's versatility ensures its continued relevance across industries. With investments in bio-based polyols, recycling technologies, and low-VOC formulations, the market is aligning with global sustainability goals while meeting diverse industrial needs.

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