Polyurethane (PU) Resin Market Report 2026

Polyurethane (PU) Resin Market Overview

• Polyurethane (PU) Resin market size has reached to $7.17 billion in 2025 • Expected to grow to $9.22 billion in 2030 at a compound annual growth rate (CAGR) of 5.2% • Growth Driver: The Growing Construction And Infrastructure Activities Drive The Growth Of The Market Due To Rapid Urbanization • Market Trend: Advancements In Ether-Based Thermoplastic Polyurethane Improving Hydrolysis Resistance And Mechanical Stability For High-Performance Applications • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Polyurethane (PU) Resin Market?

Polyurethane (PU) resin is a versatile polymer formed by reacting polyols with isocyanates, enabling both flexible and rigid materials. It is valued for its durability, lightweight nature, insulation properties, and resistance to abrasion and chemicals. PU resins are widely used in foams, coatings, adhesives, sealants, and elastomers across industries such as construction, automotive, furniture, and electronics. The main types of polyurethane (PU) resin include thermosetting polyurethane resins and thermoplastic polyurethane resins. Thermosetting polyurethane resins refer to materials that permanently harden after curing and provide high durability and chemical resistance. These resins are available in forms such as liquid, solid, and powder and are categorized by cure type including moisture cured polyurethanes, heat cured polyurethanes, and ultraviolet light cured polyurethanes. They are further classified into resin types such as solvent based resin, water based resins, and others and the various applications involved are construction, transportation, pharmaceuticals, paints and coatings, and others.

What Is The Polyurethane (PU) Resin Market Growth Forecast?

The polyurethane (PU) resin market size is expected to see strong growth in the next few years. It will grow to $9.22 billion in 2030 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to expansion of electric vehicle manufacturing and lightweight material demand, rising adoption of sustainable and bio based resin systems, increasing demand for energy efficient insulation materials, growth in circular economy driven recyclable polymer solutions, technological advancements in high performance polyurethane formulations. Major trends in the forecast period include bio based and low voc polyurethane resin formulations for sustainable manufacturing applications, high performance lightweight polyurethane foams for electric vehicle and aerospace components, smart polyurethane coatings with enhanced durability and corrosion resistance, recyclable thermoplastic polyurethane materials for circular economy applications, advanced water borne polyurethane resin systems for eco friendly construction and coatings.

Global Polyurethane (PU) Resin Market Segmentation

1) By Type: Thermosetting Polyurethane Resins, Thermoplastic Polyurethane Resins 2) By Form: Liquid, Solid, Powder 3) By Cure Type: Moisture Cured Polyurethanes, Heat Cured Polyurethanes, Ultraviolet Light Cured Polyurethanes 4) By Resin Type: Solvent Based Resin, Water Based Resins, Other Resin Types 5) By Application: Construction, Transportation, Pharmaceuticals, Paints And Coatings, Other Applications Subsegments: 1) By Thermosetting Polyurethane Resins: Rigid Polyurethane Resins, Flexible Polyurethane Resins, High Density Polyurethane Resins, Low Density Polyurethane Resins, Structural Polyurethane Resins 2) By Thermoplastic Polyurethane Resins: Polyester Based Thermoplastic Polyurethane Resins, Polyether Based Thermoplastic Polyurethane Resins, Polycaprolactone Based Thermoplastic Polyurethane Resins, High Performance Thermoplastic Polyurethane Resins, Recyclable Thermoplastic Polyurethane Resins

What Is The Driver Of The Polyurethane (PU) Resin Market?

The growing construction and infrastructure activities are expected to propel the growth of the polyurethane (PU) resin market going forward. Construction and infrastructure activities refer to the development, expansion, and maintenance of buildings, roads, bridges, and other physical structures that support economic and social functions. Growing construction and infrastructure activities is due to rapid urbanization, as increasing population migration to cities creates higher demand for residential buildings, transportation networks, and essential public infrastructure. Polyurethane (PU) resins are widely used in construction applications such as insulation, coatings, sealants, and adhesives due to their durability, flexibility, and energy-efficient properties. For instance, in July 2023, according to the Australian Bureau of Statistics, an Australia-based government administration, the number of dwellings under construction in the March quarter of 2023 increased by 1.3% to 240,813 units, surpassing the previous record of 240,065 units reported in the March 2022 quarter. Therefore, the growing construction and infrastructure activities are driving the growth of the polyurethane (PU) resin industry.

Key Players In The Global Polyurethane (PU) Resin Market

Major companies operating in the polyurethane (pu) resin market are BASF SE, Dow Chemical Inc, Wanhua Chemical Group Co. Ltd., Asahi Kasei Corporation, Evonik Industries AG, Arkema S.A., Mitsui Chemicals Inc., Huntsman Corporation, DIC Corporation, Tosoh Corporation, The Lubrizol Corporation, Carpenter Co., Stepan Company, Inoac Corporation, Kumho Mitsui Chemicals Inc., Woodbridge Foam Corp., Era Polymers Pty Ltd., Prasol Chemicals Ltd., Alchemie Ltd.

Global Polyurethane (PU) Resin Market Trends and Insights

Major companies operating in the polyurethane (PU) resin market are focusing on developing innovative products, such as ether-based thermoplastic polyurethane, to enhance durability, hydrolysis resistance, and performance in demanding applications. Ether-based thermoplastic polyurethane (TPU) is a type of polyurethane made using polyether polyols, known for its excellent flexibility, high resistance to hydrolysis, and strong performance in wet and humid environments. For instance, in June 2023, BASF SE, a Germany-based chemical company, launched Elastollan ECO, an ether-based thermoplastic polyurethane. The series is a high-performance ether-based TPU designed to deliver superior hydrolysis resistance, flexibility at low temperatures, and enhanced durability under dynamic stress conditions. It features improved chemical resistance and long-term mechanical stability, making it suitable for demanding applications such as automotive interiors, cable sheathing, hydraulic hoses, industrial films, and footwear components. The product also supports efficient processing through conventional thermoplastic methods like injection molding and extrusion, enabling manufacturers to achieve consistent quality and reduced production complexity compared to conventional PU elastomers.

What Are Latest Mergers And Acquisitions In The Polyurethane (PU) Resin Market?

In May 2025, the Abu Dhabi National Oil Company (ADNOC), a UAE-based oil company, acquired Covestro AG for $16.3 billion. With this acquisition, the Abu Dhabi National Oil Company aims to expand its presence in the global chemicals and advanced materials sector while strengthening its capabilities in polyurethane resins and high-performance polymer materials. Covestro AG is a Germany-based company and provider of high-performance polymer materials, including polyurethane resins, coatings, adhesives, and polycarbonates used across automotive, construction, and industrial applications.

Regional Outlook

North America was the largest region polyurethane (PU) resin in the market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Polyurethane (PU) Resin Market?

The polyurethane (PU) resin market consists of sales of polyurethane adhesives, polyurethane coatings, polyurethane sealants, polyurethane elastomers, and polyurethane foams. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Polyurethane (PU) Resin Market Report 2026?

The polyurethane (PU) resin market research report is one of a series of new reports from The Business Research Company that provides polyurethane (PU) resin market statistics, including polyurethane (PU) resin industry global market size, regional shares, competitors with a polyurethane (PU) resin market share, detailed polyurethane (PU) resin market segments, market trends and opportunities, and any further data you may need to thrive in the polyurethane (PU) resin industry. This polyurethane (PU) resin market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.