APO RESEARCH · REPORT
Polyurethane
Polyurethanes are formed through reactions involving isocyanates and polyol components. Formulation and processing create different structures, including flexible or rigid foams, coatings, cast elastomers and thermoplastic polyurethane.

Product & engineering
Understand the product.
Polyurethane is a plastic material, which exists in various forms. It can be tailored to be either rigid or flexible, and is the material of choice for a broad range of end-user applications.
Component ratio, mixing and reaction conditions affect the delivered structure. A foam’s cellular geometry and a solid elastomer’s mechanical duty are different. Polyurethane is not one interchangeable finished material.
What turns activity into demand
Demand needs to be allocated by application and delivery stage. Foam volume, polymer mass and precursor sales describe different quantities. Separate precursors, formulated systems and converted products. Do not add upstream components and the finished reaction product as independent final demand.
The commercial boundary
Separate precursors, formulated systems and converted products. Do not add upstream components and the finished reaction product as independent final demand.
Technical reading
Selected research
Industry Growth & Trends
Global Polyurethane Industry Growth and Trends Forecast to 2032
Market perspective
Polyurethane is a plastic material, which exists in various forms. It can be tailored to be either rigid or flexible, and is the material of choice for a broad range of end-user applications.
The Asia-Pacific region was the largest polyurethane market in 2018, accounting for about 50% of the global market, compared with about 20% in Europe and 16% in North America.
Report Scope
Read the full market overview
This report provides a structured, data-driven view of the global Polyurethane market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Polyurethane market size, estimates, and forecasts are presented in terms of sales volume (K MT) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Polyurethane market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Polyurethane.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Polyurethane market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
Polyurethane Market by Company
Dow
BASF
Huntsman
AkzoNobel
Covestro
Lubrizol
Recticel
LANXESS
INOAC
Tosoh
Mitsui Chem
Woodbridge Foam
Wanhua
Shanghai Dongda
Oriental Yuhong
Polyurethane Segment by Type
Flexible Foam
Rigid Foam
Coatings
Adhesives & Sealants
Elastomers
Others
Polyurethane Segment by Application
Furniture and Interiors
Construction
Electronics and Appliances
Automotive
Footwear
Others
Polyurethane Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Polyurethane market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Polyurethane and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Polyurethane.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Polyurethane manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Polyurethane in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Flexible Foam
- Rigid Foam
- Coatings
- Adhesives & Sealants
- Elastomers
- Others
Applications
- Furniture and Interiors
- Construction
- Electronics and Appliances
- Automotive
- Footwear
- Others
Companies covered
- Dow
- BASF
- Huntsman
- AkzoNobel
- Covestro
- Lubrizol
- Recticel
- LANXESS
- INOAC
- Tosoh
- Mitsui Chem
- Woodbridge Foam
- Wanhua
- Shanghai Dongda
- Oriental Yuhong
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Polyurethane Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Polyurethane Sales Estimates and Forecasts (2021-2032)
- 1.3 Polyurethane Market by Type
- 1.3.1 Flexible Foam
- 1.3.2 Rigid Foam
- 1.3.3 Coatings
- 1.3.4 Adhesives & Sealants
- 1.3.5 Elastomers
- 1.3.6 Others
- 1.4 Global Polyurethane Market Size by Type
- 1.4.1 Global Polyurethane Market Size Overview by Type (2021-2032)
- 1.4.2 Global Polyurethane Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Polyurethane Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Polyurethane Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Polyurethane Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Polyurethane Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Polyurethane Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Polyurethane Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Polyurethane Industry Trends
- 2.2 Polyurethane Industry Drivers
- 2.3 Polyurethane Industry Opportunities and Challenges
- 2.4 Polyurethane Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Polyurethane Revenue (2021-2026)
- 3.2 Global Top Players by Polyurethane Sales (2021-2026)
- 3.3 Global Top Players by Polyurethane Price (2021-2026)
- 3.4 Global Polyurethane Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Polyurethane Major Company Production Sites & Headquarters
- 3.6 Global Polyurethane Company, Product Type & Application
- 3.7 Global Polyurethane Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Polyurethane Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Polyurethane Players Market Share by Revenue in 2025
- 3.8.3 2025 Polyurethane Tier 1, Tier 2, and Tier 3
4 Polyurethane Regional Status and Outlook
- 4.1 Global Polyurethane Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Polyurethane Historic Market Size by Region
- 4.2.1 Global Polyurethane Sales in Volume by Region (2021-2026)
- 4.2.2 Global Polyurethane Sales in Value by Region (2021-2026)
- 4.2.3 Global Polyurethane Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Polyurethane Forecasted Market Size by Region
- 4.3.1 Global Polyurethane Sales in Volume by Region (2027-2032)
- 4.3.2 Global Polyurethane Sales in Value by Region (2027-2032)
- 4.3.3 Global Polyurethane Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Polyurethane by Application
- 5.1 Polyurethane Market by Application
- 5.1.1 Furniture and Interiors
- 5.1.2 Construction
- 5.1.3 Electronics and Appliances
- 5.1.4 Automotive
- 5.1.5 Footwear
- 5.1.6 Others
- 5.2 Global Polyurethane Market Size by Application
- 5.2.1 Global Polyurethane Market Size Overview by Application (2021-2032)
- 5.2.2 Global Polyurethane Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Polyurethane Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Polyurethane Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Polyurethane Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Polyurethane Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Polyurethane Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Polyurethane Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 Dow
- 6.1.1 Dow Company Information
- 6.1.2 Dow Business Overview
- 6.1.3 Dow Polyurethane Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 Dow Polyurethane Product Portfolio
- 6.1.5 Dow Recent Developments
- 6.2 BASF
- 6.2.1 BASF Company Information
- 6.2.2 BASF Business Overview
- 6.2.3 BASF Polyurethane Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 BASF Polyurethane Product Portfolio
- 6.2.5 BASF Recent Developments
- 6.3 Huntsman
- 6.3.1 Huntsman Company Information
- 6.3.2 Huntsman Business Overview
- 6.3.3 Huntsman Polyurethane Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 Huntsman Polyurethane Product Portfolio
- 6.3.5 Huntsman Recent Developments
- 6.4 AkzoNobel
- 6.4.1 AkzoNobel Company Information
- 6.4.2 AkzoNobel Business Overview
- 6.4.3 AkzoNobel Polyurethane Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 AkzoNobel Polyurethane Product Portfolio
- 6.4.5 AkzoNobel Recent Developments
- 6.5 Covestro
- 6.5.1 Covestro Company Information
- 6.5.2 Covestro Business Overview
- 6.5.3 Covestro Polyurethane Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 Covestro Polyurethane Product Portfolio
- 6.5.5 Covestro Recent Developments
- 6.6 Lubrizol
- 6.6.1 Lubrizol Company Information
- 6.6.2 Lubrizol Business Overview
- 6.6.3 Lubrizol Polyurethane Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 Lubrizol Polyurethane Product Portfolio
- 6.6.5 Lubrizol Recent Developments
- 6.7 Recticel
- 6.7.1 Recticel Company Information
- 6.7.2 Recticel Business Overview
- 6.7.3 Recticel Polyurethane Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 Recticel Polyurethane Product Portfolio
- 6.7.5 Recticel Recent Developments
- 6.8 LANXESS
- 6.8.1 LANXESS Company Information
- 6.8.2 LANXESS Business Overview
- 6.8.3 LANXESS Polyurethane Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 LANXESS Polyurethane Product Portfolio
- 6.8.5 LANXESS Recent Developments
- 6.9 INOAC
- 6.9.1 INOAC Company Information
- 6.9.2 INOAC Business Overview
- 6.9.3 INOAC Polyurethane Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 INOAC Polyurethane Product Portfolio
- 6.9.5 INOAC Recent Developments
- 6.10 Tosoh
- 6.10.1 Tosoh Company Information
- 6.10.2 Tosoh Business Overview
- 6.10.3 Tosoh Polyurethane Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 Tosoh Polyurethane Product Portfolio
- 6.10.5 Tosoh Recent Developments
- 6.11 Mitsui Chem
- 6.11.1 Mitsui Chem Company Information
- 6.11.2 Mitsui Chem Business Overview
- 6.11.3 Mitsui Chem Polyurethane Sales, Revenue and Gross Margin (2021-2026)
- 6.11.4 Mitsui Chem Polyurethane Product Portfolio
- 6.11.5 Mitsui Chem Recent Developments
- 6.12 Woodbridge Foam
- 6.12.1 Woodbridge Foam Company Information
- 6.12.2 Woodbridge Foam Business Overview
- 6.12.3 Woodbridge Foam Polyurethane Sales, Revenue and Gross Margin (2021-2026)
- 6.12.4 Woodbridge Foam Polyurethane Product Portfolio
- 6.12.5 Woodbridge Foam Recent Developments
- 6.13 Wanhua
- 6.13.1 Wanhua Company Information
- 6.13.2 Wanhua Business Overview
- 6.13.3 Wanhua Polyurethane Sales, Revenue and Gross Margin (2021-2026)
- 6.13.4 Wanhua Polyurethane Product Portfolio
- 6.13.5 Wanhua Recent Developments
- 6.14 Shanghai Dongda
- 6.14.1 Shanghai Dongda Company Information
- 6.14.2 Shanghai Dongda Business Overview
- 6.14.3 Shanghai Dongda Polyurethane Sales, Revenue and Gross Margin (2021-2026)
- 6.14.4 Shanghai Dongda Polyurethane Product Portfolio
- 6.14.5 Shanghai Dongda Recent Developments
- 6.15 Oriental Yuhong
- 6.15.1 Oriental Yuhong Company Information
- 6.15.2 Oriental Yuhong Business Overview
- 6.15.3 Oriental Yuhong Polyurethane Sales, Revenue and Gross Margin (2021-2026)
- 6.15.4 Oriental Yuhong Polyurethane Product Portfolio
- 6.15.5 Oriental Yuhong Recent Developments
7 North America by Country
- 7.1 North America Polyurethane Sales by Country
- 7.1.1 North America Polyurethane Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Polyurethane Sales by Country (2021-2026)
- 7.1.3 North America Polyurethane Sales Forecast by Country (2027-2032)
- 7.2 North America Polyurethane Market Size by Country
- 7.2.1 North America Polyurethane Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Polyurethane Market Size by Country (2021-2026)
- 7.2.3 North America Polyurethane Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Polyurethane Sales by Country
- 8.1.1 Europe Polyurethane Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Polyurethane Sales by Country (2021-2026)
- 8.1.3 Europe Polyurethane Sales Forecast by Country (2027-2032)
- 8.2 Europe Polyurethane Market Size by Country
- 8.2.1 Europe Polyurethane Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Polyurethane Market Size by Country (2021-2026)
- 8.2.3 Europe Polyurethane Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Polyurethane Sales by Country
- 9.1.1 Asia-Pacific Polyurethane Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Polyurethane Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Polyurethane Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Polyurethane Market Size by Country
- 9.2.1 Asia-Pacific Polyurethane Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Polyurethane Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Polyurethane Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Polyurethane Sales by Country
- 10.1.1 South America Polyurethane Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Polyurethane Sales by Country (2021-2026)
- 10.1.3 South America Polyurethane Sales Forecast by Country (2027-2032)
- 10.2 South America Polyurethane Market Size by Country
- 10.2.1 South America Polyurethane Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Polyurethane Market Size by Country (2021-2026)
- 10.2.3 South America Polyurethane Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Polyurethane Sales by Country
- 11.1.1 Middle East and Africa Polyurethane Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Polyurethane Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Polyurethane Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Polyurethane Market Size by Country
- 11.2.1 Middle East and Africa Polyurethane Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Polyurethane Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Polyurethane Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Polyurethane Value Chain Analysis
- 12.1.1 Polyurethane Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 Polyurethane Production Mode & Process
- 12.2 Polyurethane Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Polyurethane Distributors
- 12.2.3 Polyurethane Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
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