Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Polyurethane Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Polyurethane Market?
The Polyurethane market has significantly expanded over the past years. It escalated from $83.38 billion in 2024 to an estimated $90.52 billion in 2025, indicating a Compound Annual Growth Rate (CAGR) of 8.6%.
What Is the Forecasted CAGR for the Polyurethane Market by 2029?
The Polyurethane market is predicted to reach a value of $122.45 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.8%.
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What Are the Market Drivers in the Polyurethane Industry?
The key Drivers in the polyurethane market are:
• Adoption of polyurethane in home furnishings and furniture manufacturing
• The utilization of flexible polyurethane foam (FPF) for creating more comfortable, durable, and safer products
• Introduction of advanced manufacturing processes that offer more uniform and durable polyurethane foam
• Recognition of cured polyurethane products as inert and safe by regulatory authorities such as the U.S. EPA
What Is the Segment-Wise Breakdown of the Polyurethane Market?
The polyurethanemarket covered in this report is segmented –
1) By Product Type: Coatings, Adhesives and sealants, Flexible and rigid foams, Elastomers, Other Product Types
2) By Raw Material: MDI, TDI, Polyols
3) By End User Industry: Furniture, Construction, Electronics And Appliances, Automotive, Footwear, Other End Use Industries
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Which Emerging Trends Are Driving Growth in the Polyurethane Sector?
The key trends in the polyurethane market are:
• Increasing demand for bio-based polyurethane is a key emerging trend due to sustainability interests within various industries.
• There is a rising trend towards the use of biodegradable materials for the creation of polyurethane.
• Trends suggest that the polyurethane market is heavily influenced by efforts to minimize environmental impact.
• Companies are making significant investment in research and development to create sustainable and environmentally friendly products.
Which Companies Are Dominating the Polyurethane Market in Terms of Revenue?
The key players in the polyurethane market are:
• Dow Chemical Company
• BASF SE
• Covestro AG
• Huntsman Corporation
• Eastman Chemical Company
• Mitsui Chemicals Inc.
• DIC Corporation
• Nippon Polyurethane Industry Corp. Ltd.
• Recticel S.A.
• Woodbridge Foam Corporation
• RTP Company Inc.
• Lanxess AG
• Lubrizol Corporation
• Tosoh Corporation
• DuPont de Nemours Inc.
• Perstorp AB
• Manali Petrochemicals Ltd.
• Wanhua Chemical Group Co. Ltd.
• Rampf Holding GmbH & Co. KG
• FXI Holdings Inc.
• Kuwait Polyurethane Industries WLL
• Recticel SA
• Rogers Corporation
• Sheela Foam Ltd.
• INOAC Corporation
• American Urethane Inc.
• TPC Inc.
• Weaver Industries Inc.
• FallLine Corporation
• Uniflex Inc.
What Are the Regions Driving Demand in the Polyurethane Market?
Asia-Pacific was the largest region in the polyurethane market in 2024
