Polyurethane (PU) Resin Market Global Report 2026

The polyurethane (PU) resin market size has grown steadily in recent years. It will grow from $7.17 billion in 2025 to $7.52 billion in 2026 at a compound annual growth rate (CAGR) of 5%. The growth in the historic period can be attributed to rising demand from construction and infrastructure development, increasing automotive production and lightweight material adoption, growth in furniture and bedding foam applications, expansion of industrial adhesives and sealants usage, and increasing use of protective coatings in manufacturing industries.

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.

The growing construction and infrastructure activities are expected to drive 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. The growth in construction and infrastructure activities is driven by 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 quarter of 2022. Therefore, the growing construction and infrastructure activities are driving the growth of the polyurethane (PU) resin market.

Major companies operating in the polyurethane (PU) resin market are focusing on developing innovative products such as ether-based thermoplastic polyurethane to improve durability, hydrolysis resistance, and performance in demanding applications. Ether-based thermoplastic polyurethane (TPU) is a type of polyurethane produced 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 series. It is a high-performance ether-based TPU designed to offer superior hydrolysis resistance, flexibility at low temperatures, and enhanced durability under dynamic stress conditions. It provides 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.

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 providing high-performance polymer materials, including polyurethane resins, coatings, adhesives, and polycarbonates used across automotive, construction, and industrial applications.

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.

North America was the dominant region polyurethane (PU) resin in the market in 2025. Asia-Pacific is expected to be the rapidly expanding region in the forecast period. The regions covered in polyurethane (PU) resin report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the polyurethane (PU) resin market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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.

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.

The polyurethane (PU) resin market research report is one of a series of new reports 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.

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