Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Rest of Asia), By Types (Flexible Foam, Rigid Foam, Coating, Adhesives & Sealants, Elastomers, Others), By End-users (Automotive & Transportation, Building & Construction, Appliances & Whitegoods, Footwear, Others) And Competitive Landscape
| Product Code: ETC076173 | Publication Date: Aug 2021 | Updated Date: Sep 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
According to 6Wresearch internal database and industry insights, the Asia Pacific Polyurethane Market was valued at USD 18.6 billion in 2024 and is projected to reach USD 34.7 billion by 2031, indicating a compound annual growth rate (CAGR) of 9.8% during the forecast period (2025-2031).
| Report Name | Asia Pacific Polyurethane Market |
| Forecast Period | 2025-2031 |
| CAGR | 9.8% |
| Market Size | USD 34.7 billion by 2031 |
| Growing Sector | Automotive & Transportation |
The Asia Pacific Polyurethane Market report thoroughly covers the market by countries, types, and end-users. The market report provides an unbiased and detailed analysis of ongoing market trends, high-growth opportunities, and key drivers which help stakeholders align their strategies according to current and future industry dynamics.
Asia Pacific Polyurethane Market is witnessing robust growth due to rapid industrialization, increasing construction activities have been driving vigorous growth of the Asia Pacific polyurethane market. Another key driver for market growth is development of automotive industry. Market expansion is also supported by the increasing demand for lightweight materials, energy-efficient insulation, and durable coatings. Infrastructure programs supported by government play a vital role in adoption. Initiatives like China’s Green Building Programs and India’s Smart Cities Mission accelerate industry revenue. Polyurethane’s versatility in adhesives, sealants, and elastomers drives different end-user applications in the region.
Asia Pacific Polyurethane Market is projected to grow at a CAGR of 9.8% during 2025-2031. Key aspects driving the Asia Pacific polyurethane market include demand for flexible foams in furniture and bedding, rigid foams for insulation, and coatings in automotive and construction sectors. Research for eco-friendly formulations and bio-based polyurethane is a key investment area for leading players. These investments also fuel market share across Asia Pacific.
Despite the growth, the Asia Pacific polyurethane market encounters several obstacles. Major challenges include uncertainty in in raw material prices and regulatory compliance for chemical safety. Environmental issues associated with isocyanates is also a key hurdle. Unpredictable petrochemical costs in countries such as India, China, and Indonesia affect production margins. Stringent labeling and safety standards in Japan and Australia need producers to adjust. To ensure long-term revenues, addressing these barriers technological advancements, quality control, and green chemistry practices is important.
The Asia Pacific polyurethane market is experiencing significant trends. Key trends include bio-based and low-VOC polyurethanes, advanced coatings, and lightweight elastomers. Development of the construction and automotive industries is supporting product advancements. E-commerce and industrial distribution networks enhance market reach in semi-urban and rural areas. Government initiatives encouraging energy efficiency, green construction, and eco-friendly materials in countries like China and India further drive adoption in the region.
Investment opportunities include the development of bio-based polyurethane, specialized coatings, and adhesives for industrial applications. Startups focusing on sustainable formulations and high-performance elastomers are attracting venture funding. Government incentives like Japan’s Green Material Program and Australia’s Energy-Efficient Building Schemes encourage adoption of polyurethane-based solutions. Expanding the market in Southeast Asian countries through industrial partnerships and infrastructure projects will further drive revenue, market share, and industry growth.
Prominent companies that dominate the Asia Pacific polyurethane market include Dow Chemicals, Wanhua Chemical Group, BASF SE, and Huntsman Corporation. These dominating companies emphasize sustainability, advanced products, and end-user collaborations. Local firms in China, India, and Southeast Asia are expanding capacities and developing specialty formulations. Collaborations with automotive, construction, and appliance manufacturers enhance market share, revenue, and adoption across urban and semi-urban regions in the Asia Pacific.
Governments in the region are enforcing chemical safety, environmental compliance, and labeling standards. For example, Japan regulates isocyanate emissions under its Chemical Substances Control Law. China’s Green Building Programs promote energy-efficient polyurethane insulation, while India encourages sustainable construction materials through the Bureau of Energy Efficiency. These regulations enhance product reliability, support adoption, and drive revenue growth across the Asia Pacific polyurethane market.
The Asia Pacific polyurethane market is anticipated to continue strong growth due to rising demand in automotive, construction, and appliances sectors. Innovations in flexible and rigid foams, elastomers, and coatings will drive adoption. Government-backed energy efficiency initiatives and environmental regulations will promote bio-based polyurethanes. Increased industrialization, infrastructure projects, and construction activity in China, India, and Southeast Asia will expand market share, revenue, and industry penetration in the Asia Pacific region.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ravi Bhandari, Research Head, 6Wresearch to , China leads the Asia Pacific Polyurethane Market due to large industrial base, high construction activity, and automotive sector growth. India follows with infrastructure projects and smart city initiatives.
Flexible foam dominates the type segment due to high demand in furniture, bedding, and automotive seating. Rigid foams and coatings are gaining traction in insulation and construction applications.
Automotive & Transportation segment dominates due to demand for lightweight materials, interiors, and coatings. Rising vehicle production, fuel efficiency regulations, and consumer preference for comfort support growth.
Asia Pacific Polyurethane Market report provides a detailed analysis of the following market segments:
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 Asia Pacific Polyurethane Market Overview |
| 3.1 Asia Pacific Regional Macro Economic Indicators |
| 3.2 Asia Pacific Polyurethane Market Revenues & Volume, 2021 & 2031F |
| 3.3 Asia Pacific Polyurethane Market - Industry Life Cycle |
| 3.4 Asia Pacific Polyurethane Market - Porter's Five Forces |
| 3.5 Asia Pacific Polyurethane Market Revenues & Volume Share, By Countries, 2021 & 2031F |
| 3.6 Asia Pacific Polyurethane Market Revenues & Volume Share, By Types, 2021 & 2031F |
| 3.7 Asia Pacific Polyurethane Market Revenues & Volume Share, By End-users, 2021 & 2031F |
| 4 Asia Pacific Polyurethane Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Asia Pacific Polyurethane Market Trends |
| 6 Asia Pacific Polyurethane Market, 2021 - 2031 |
| 6.1 Asia Pacific Polyurethane Market, Revenues & Volume, By Types, 2021 - 2031 |
| 6.2 Asia Pacific Polyurethane Market, Revenues & Volume, By End-users, 2021 - 2031 |
| 7 China Polyurethane Market, 2021 - 2031 |
| 7.1 China Polyurethane Market, Revenues & Volume, By Types, 2021 - 2031 |
| 7.2 China Polyurethane Market, Revenues & Volume, By End-users, 2021 - 2031 |
| 8 India Polyurethane Market, 2021 - 2031 |
| 8.1 India Polyurethane Market, Revenues & Volume, By Types, 2021 - 2031 |
| 8.2 India Polyurethane Market, Revenues & Volume, By End-users, 2021 - 2031 |
| 9 Japan Polyurethane Market, 2021 - 2031 |
| 9.1 Japan Polyurethane Market, Revenues & Volume, By Types, 2021 - 2031 |
| 9.2 Japan Polyurethane Market, Revenues & Volume, By End-users, 2021 - 2031 |
| 10 Australia Polyurethane Market, 2021 - 2031 |
| 10.1 Australia Polyurethane Market, Revenues & Volume, By Types, 2021 - 2031 |
| 10.2 Australia Polyurethane Market, Revenues & Volume, By End-users, 2021 - 2031 |
| 11 Indonesia Polyurethane Market, 2021 - 2031 |
| 11.1 Indonesia Polyurethane Market, Revenues & Volume, By Types, 2021 - 2031 |
| 11.2 Indonesia Polyurethane Market, Revenues & Volume, By End-users, 2021 - 2031 |
| 12 Philippines Polyurethane Market, 2021 - 2031 |
| 12.1 Philippines Polyurethane Market, Revenues & Volume, By Types, 2021 - 2031 |
| 12.2 Philippines Polyurethane Market, Revenues & Volume, By End-users, 2021 - 2031 |
| 13 Malaysia Polyurethane Market, 2021 - 2031 |
| 13.1 Malaysia Polyurethane Market, Revenues & Volume, By Types, 2021 - 2031 |
| 13.2 Malaysia Polyurethane Market, Revenues & Volume, By End-users, 2021 - 2031 |
| 14 Rest of Asia Polyurethane Market, 2021 - 2031 |
| 14.1 Rest of Asia Polyurethane Market, Revenues & Volume, By Types, 2021 - 2031 |
| 14.2 Rest of Asia Polyurethane Market, Revenues & Volume, By End-users, 2021 - 2031 |
| 11 Asia Pacific Polyurethane Market Key Performance Indicators |
| 12 Asia Pacific Polyurethane Market - Opportunity Assessment |
| 12.1 Asia Pacific Polyurethane Market Opportunity Assessment, By Countries, 2021 & 2031F |
| 12.2 Asia Pacific Polyurethane Market Opportunity Assessment, By Types, 2021 & 2031F |
| 12.3 Asia Pacific Polyurethane Market Opportunity Assessment, By End-users, 2021 & 2031F |
| 13 Asia Pacific Polyurethane Market - Competitive Landscape |
| 13.1 Asia Pacific Polyurethane Market Revenue Share, By Companies, 2024 |
| 13.2 Asia Pacific Polyurethane Market Competitive Benchmarking, By Operating and Technical Parameters |
| 14 Company Profiles |
| 15 Recommendations |
| 16 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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