Market overview
The global polyurethane market is worth USD 81.5 bn in 2026 and is forecast to reach USD 130 bn by 2036, growing at a 4.8% CAGR. China is the largest country market and Flexible foam is the largest by product segment.
| Scope | Polyurethane materials sold worldwide: flexible and rigid foam, coatings, adhesives and sealants, elastomers and binders, including the polyols and isocyanates made for them. |
|---|---|
| Industry | Chemicals and Materials |
| Value 2025 | USD 78.0 bn |
| Value 2026 | USD 81.5 bn |
| Value 2036 | USD 130 bn |
| CAGR 2026-2036 | 4.8% |
| Volume 2026 | 27.0 million tonnes |
| Volume 2036 | 41.1 million tonnes |
| Average price 2026 | USD 3,015 per tonne |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Polyurethane market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 81.5 bn |
| 2027 | USD 85.4 bn |
| 2028 | USD 89.5 bn |
| 2029 | USD 93.8 bn |
| 2030 | USD 98.3 bn |
| 2031 | USD 103 bn |
| 2032 | USD 108 bn |
| 2033 | USD 113 bn |
| 2034 | USD 119 bn |
| 2035 | USD 124 bn |
| 2036 | USD 130 bn |
Polyurethane market segmentation
By product
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Flexible foam | 31.0% | 30.0% | USD 25.3 bn | 4.5% |
| Rigid foam | 27.0% | 28.2% | USD 22.0 bn | 5.3% |
| Coatings | 11.0% | 11.2% | USD 9.0 bn | 5.0% |
| Adhesives and sealants | 10.0% | 10.4% | USD 8.2 bn | 5.3% |
| Elastomers | 9.0% | 9.1% | USD 7.3 bn | 5.0% |
| Other | 12.0% | 11.1% | USD 9.8 bn | 4.0% |
By end use
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Furniture and bedding | 28.0% | 26.6% | USD 22.8 bn | 4.2% |
| Construction | 25.0% | 26.1% | USD 20.4 bn | 5.2% |
| Automotive | 17.0% | 17.8% | USD 13.9 bn | 5.2% |
| Appliances | 8.0% | 8.0% | USD 6.5 bn | 4.8% |
| Footwear | 6.0% | 6.0% | USD 4.9 bn | 4.8% |
| Other | 16.0% | 15.6% | USD 13.0 bn | 4.5% |
By isocyanate base
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| MDI | 62.0% | 62.0% | USD 50.5 bn | 4.8% |
| TDI | 24.0% | 22.0% | USD 19.6 bn | 3.9% |
| Aliphatic and other | 14.0% | 16.0% | USD 11.4 bn | 6.2% |
By polyol type
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Polyether | 70.0% | 68.0% | USD 57.1 bn | 4.5% |
| Polyester | 22.0% | 22.0% | USD 17.9 bn | 4.8% |
| Bio-based and polymer polyol | 8.0% | 10.0% | USD 6.5 bn | 7.2% |
By system type
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Two-component | 56.0% | 54.0% | USD 45.6 bn | 4.4% |
| One-component | 22.0% | 22.0% | USD 17.9 bn | 4.8% |
| Thermoplastic and cast | 22.0% | 24.0% | USD 17.9 bn | 5.7% |
Top 25 countries for polyurethane by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 78.0% of 2026 revenue and the 25 countries below together hold 94.7%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 31.0 bn | 38.0% | USD 51.2 bn | 5.2% |
| 2 | United States | USD 12.2 bn | 15.0% | USD 19.3 bn | 4.7% |
| 3 | Germany | USD 4.1 bn | 5.0% | USD 5.6 bn | 3.2% |
| 4 | India | USD 3.3 bn | 4.0% | USD 6.8 bn | 7.6% |
| 5 | Japan | USD 2.9 bn | 3.5% | USD 3.6 bn | 2.5% |
| 6 | South Korea | USD 2.4 bn | 3.0% | USD 3.9 bn | 4.8% |
| 7 | Brazil | USD 2.3 bn | 2.8% | USD 3.8 bn | 5.2% |
| 8 | Italy | USD 2.0 bn | 2.5% | USD 2.7 bn | 3.0% |
| 9 | France | USD 1.8 bn | 2.2% | USD 2.5 bn | 3.3% |
| 10 | Mexico | USD 1.6 bn | 2.0% | USD 2.7 bn | 5.3% |
| 11 | United Kingdom | USD 1.4 bn | 1.8% | USD 2.3 bn | 4.6% |
| 12 | Spain | USD 1.4 bn | 1.7% | USD 2.1 bn | 4.6% |
| 13 | Turkey | USD 1.3 bn | 1.6% | USD 2.0 bn | 4.6% |
| 14 | Russia | USD 1.2 bn | 1.5% | USD 1.9 bn | 4.6% |
| 15 | Poland | USD 1.1 bn | 1.4% | USD 1.8 bn | 4.7% |
| 16 | Thailand | USD 1.1 bn | 1.3% | USD 1.7 bn | 4.6% |
| 17 | Vietnam | USD 986 mn | 1.2% | USD 1.8 bn | 6.0% |
| 18 | Canada | USD 905 mn | 1.1% | USD 1.4 bn | 4.6% |
| 19 | Indonesia | USD 831 mn | 1.0% | USD 1.5 bn | 6.1% |
| 20 | Taiwan | USD 758 mn | 0.9% | USD 1.2 bn | 4.6% |
| 21 | Netherlands | USD 685 mn | 0.8% | USD 1.1 bn | 4.5% |
| 22 | Saudi Arabia | USD 603 mn | 0.7% | USD 951 mn | 4.7% |
| 23 | Belgium | USD 530 mn | 0.7% | USD 834 mn | 4.6% |
| 24 | Malaysia | USD 456 mn | 0.6% | USD 716 mn | 4.6% |
| 25 | Czech Republic | USD 375 mn | 0.5% | USD 599 mn | 4.8% |
| Rest of world | USD 4.3 bn | 5.3% | USD 6.3 bn | 3.9% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- BASF
- Covestro
- Dow
- Huntsman
- Wanhua Chemical
- Evonik
Group 2: Regional and specialist players
- Lubrizol
- Tosoh
- Mitsui Chemicals
- Sika
- Carpenter Co.
- Stepan Company
- Repsol
- Recticel
- Vita Group
- FXI
Group 3: Emerging and niche players
- Kumho Mitsui Chemicals
- Lanxess
- Sheela Foam
- Inoac
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the polyurethane market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 4.8% is calculated from the resulting values.
The market is divided by product, by end use, by isocyanate base, by polyol type, by system type. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the polyurethane market?
The global polyurethane market is estimated at USD 78.0 bn in 2025 and USD 81.5 bn in 2026.
How fast will the polyurethane market grow?
It is forecast to reach USD 130 bn by 2036, a compound annual growth rate of 4.8% from 2026, an increase of USD 48.8 bn.
Which country is the largest market for polyurethane?
China is the largest market by revenue at USD 31.0 bn in 2026, 38.0% of the global total. The three largest countries together hold 58.0%.
Which country is growing fastest?
Among the ten largest markets, India is growing fastest at 7.6% a year from 2026 to 2036.
Which polyurethane segment is largest?
In the by product split, Flexible foam is the largest segment with 31.0% of 2026 revenue.
Who are the leading polyurethane companies?
Global leaders include BASF, Covestro, Dow, Huntsman.
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