Product Code: ETC13385865 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Polyurethane Resin Market was valued at USD 11.7 Billion in 2024 and is expected to reach USD 16.5 Billion by 2031, growing at a compound annual growth rate of 5.30% during the forecast period (2025-2031).
The Global Polyurethane Resin Market is experiencing steady growth driven by various sectors including construction, automotive, and electronics. Polyurethane resins are versatile materials known for their durability, flexibility, and adhesion properties, making them ideal for a wide range of applications such as coatings, adhesives, sealants, and insulation. The market is witnessing increasing demand for eco-friendly and sustainable polyurethane resins due to rising environmental concerns and stringent regulations. Asia Pacific region dominates the market due to rapid industrialization, urbanization, and infrastructure development, with China and India being major contributors. Key players in the global polyurethane resin market include BASF SE, Covestro AG, Huntsman Corporation, and Dow Inc., who are focusing on product innovation, strategic partnerships, and mergers to maintain their competitive edge in the market.
The Global Polyurethane Resin Market is experiencing growth due to the increasing demand from various end-use industries such as construction, automotive, and furniture. The market is witnessing a shift towards water-based polyurethane resins, driven by environmental regulations and the growing awareness of sustainable products. Additionally, the rising trend of lightweight materials in automotive manufacturing is boosting the demand for polyurethane resins as they offer high strength-to-weight ratio. Opportunities lie in the development of bio-based polyurethane resins to cater to the demand for eco-friendly products. The market also presents prospects for technological advancements in product formulations to enhance performance characteristics such as durability and flexibility. Overall, the Global Polyurethane Resin Market is poised for steady growth with a focus on sustainability and innovation.
The Global Polyurethane Resin Market faces several challenges, including fluctuating raw material prices, stringent regulations related to environmental concerns and health impacts, and intense competition among key players. The volatility in raw material prices, such as isocyanates and polyols, can impact production costs and profit margins for companies in the market. Additionally, regulations aimed at reducing emissions and promoting sustainable practices have led to the development of eco-friendly alternatives, requiring companies to invest in research and development to stay competitive. Furthermore, the presence of numerous manufacturers, both regional and global, intensifies competition, leading to price wars and the need for innovative product offerings to differentiate and capture market share. Overall, navigating these challenges requires strategic planning, innovation, and a proactive approach to address market dynamics effectively.
The Global Polyurethane Resin Market is primarily driven by the growing demand from end-use industries such as construction, automotive, and furniture, due to its versatility, durability, and high performance attributes. The increasing construction activities, especially in emerging economies, are fueling the demand for polyurethane resins in applications such as adhesives, coatings, and sealants. Additionally, the automotive industry`s shift towards lightweight materials to improve fuel efficiency is boosting the adoption of polyurethane resins in vehicle components. Moreover, the rising focus on sustainable and eco-friendly products is driving the development of bio-based polyurethane resins, further propelling market growth. Overall, the market is expected to continue growing as industries seek innovative solutions and enhanced material properties offered by polyurethane resins.
Government policies related to the Global Polyurethane Resin Market vary by country, but generally focus on regulating environmental impact, ensuring product safety, and promoting innovation. Regulations such as REACH in the European Union and TSCA in the United States govern the use of chemicals in polyurethane resin production to protect human health and the environment. Additionally, governments may provide incentives or funding for research and development of sustainable and eco-friendly polyurethane resin formulations. Trade policies and tariffs also play a role in shaping the global market landscape for polyurethane resin. Overall, government policies aim to balance economic growth with environmental sustainability and consumer safety in the polyurethane resin industry.
The Global Polyurethane Resin Market is expected to witness significant growth in the coming years, driven by increasing demand from various end-use industries such as construction, automotive, and electronics. The market is projected to benefit from the growing trend towards lightweight and high-performance materials, as polyurethane resins offer excellent flexibility, durability, and strength. Additionally, the rising focus on sustainable and eco-friendly products is likely to drive the adoption of bio-based polyurethane resins. Technological advancements in production processes and the development of innovative applications are anticipated to further propel market growth. However, challenges related to volatile raw material prices and stringent regulations regarding environmental impact could pose hurdles to the market`s expansion. Overall, the Global Polyurethane Resin Market is poised for steady growth in the foreseeable future.
In the Global Polyurethane Resin Market, Asia Pacific region is anticipated to witness significant growth due to the rapid industrialization and increasing demand in key sectors such as automotive, construction, and electronics. North America and Europe are expected to show steady growth driven by the strong presence of key manufacturers and the growing adoption of eco-friendly polyurethane resins. The Middle East and Africa region is likely to experience moderate growth due to the expanding construction and automotive industries. Latin America is poised for growth supported by the rising construction activities and investments in infrastructure projects. Overall, the market in these regions is influenced by factors such as technological advancements, increasing application in various industries, and shifting consumer preferences towards sustainable products.
Global Polyurethane Resin Market |
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 Global Polyurethane Resin Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Polyurethane Resin Market Revenues & Volume, 2021 & 2031F |
3.3 Global Polyurethane Resin Market - Industry Life Cycle |
3.4 Global Polyurethane Resin Market - Porter's Five Forces |
3.5 Global Polyurethane Resin Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Polyurethane Resin Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Polyurethane Resin Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.8 Global Polyurethane Resin Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Global Polyurethane Resin Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Global Polyurethane Resin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Polyurethane Resin Market Trends |
6 Global Polyurethane Resin Market, 2021 - 2031 |
6.1 Global Polyurethane Resin Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Polyurethane Resin Market, Revenues & Volume, By Water-based PU Resin, 2021 - 2031 |
6.1.3 Global Polyurethane Resin Market, Revenues & Volume, By Solvent-based PU Resin, 2021 - 2031 |
6.1.4 Global Polyurethane Resin Market, Revenues & Volume, By Others, 2021 - 2031 |
6.2 Global Polyurethane Resin Market, Revenues & Volume, By End Use, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Polyurethane Resin Market, Revenues & Volume, By Paints & Coatings, 2021 - 2031 |
6.2.3 Global Polyurethane Resin Market, Revenues & Volume, By Automobile, 2021 - 2031 |
6.2.4 Global Polyurethane Resin Market, Revenues & Volume, By Pharmaceutical, 2021 - 2031 |
6.2.5 Global Polyurethane Resin Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3 Global Polyurethane Resin Market, Revenues & Volume, By Application, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Polyurethane Resin Market, Revenues & Volume, By Furniture, 2021 - 2031 |
6.3.3 Global Polyurethane Resin Market, Revenues & Volume, By Appliances, 2021 - 2031 |
6.3.4 Global Polyurethane Resin Market, Revenues & Volume, By Automotive fuel, 2021 - 2031 |
6.3.5 Global Polyurethane Resin Market, Revenues & Volume, By Footwear, 2021 - 2031 |
6.3.6 Global Polyurethane Resin Market, Revenues & Volume, By Packaging, 2021 - 2031 |
6.3.7 Global Polyurethane Resin Market, Revenues & Volume, By Others, 2021 - 2031 |
6.4 Global Polyurethane Resin Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Polyurethane Resin Market, Revenues & Volume, By Direct/Institutional Sales, 2021 - 2031 |
6.4.3 Global Polyurethane Resin Market, Revenues & Volume, By Retail Sales, 2021 - 2031 |
6.4.4 Global Polyurethane Resin Market, Revenues & Volume, By Other Channel Sales, 2021 - 2031 |
7 North America Polyurethane Resin Market, Overview & Analysis |
7.1 North America Polyurethane Resin Market Revenues & Volume, 2021 - 2031 |
7.2 North America Polyurethane Resin Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Polyurethane Resin Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Polyurethane Resin Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Polyurethane Resin Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Polyurethane Resin Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Polyurethane Resin Market, Revenues & Volume, By End Use, 2021 - 2031 |
7.5 North America Polyurethane Resin Market, Revenues & Volume, By Application, 2021 - 2031 |
7.6 North America Polyurethane Resin Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
8 Latin America (LATAM) Polyurethane Resin Market, Overview & Analysis |
8.1 Latin America (LATAM) Polyurethane Resin Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Polyurethane Resin Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Polyurethane Resin Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Polyurethane Resin Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Polyurethane Resin Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Polyurethane Resin Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Polyurethane Resin Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Polyurethane Resin Market, Revenues & Volume, By End Use, 2021 - 2031 |
8.5 Latin America (LATAM) Polyurethane Resin Market, Revenues & Volume, By Application, 2021 - 2031 |
8.6 Latin America (LATAM) Polyurethane Resin Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
9 Asia Polyurethane Resin Market, Overview & Analysis |
9.1 Asia Polyurethane Resin Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Polyurethane Resin Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Polyurethane Resin Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Polyurethane Resin Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Polyurethane Resin Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Polyurethane Resin Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Polyurethane Resin Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Polyurethane Resin Market, Revenues & Volume, By End Use, 2021 - 2031 |
9.5 Asia Polyurethane Resin Market, Revenues & Volume, By Application, 2021 - 2031 |
9.6 Asia Polyurethane Resin Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
10 Africa Polyurethane Resin Market, Overview & Analysis |
10.1 Africa Polyurethane Resin Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Polyurethane Resin Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Polyurethane Resin Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Polyurethane Resin Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Polyurethane Resin Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Polyurethane Resin Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Polyurethane Resin Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Polyurethane Resin Market, Revenues & Volume, By End Use, 2021 - 2031 |
10.5 Africa Polyurethane Resin Market, Revenues & Volume, By Application, 2021 - 2031 |
10.6 Africa Polyurethane Resin Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
11 Europe Polyurethane Resin Market, Overview & Analysis |
11.1 Europe Polyurethane Resin Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Polyurethane Resin Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Polyurethane Resin Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Polyurethane Resin Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Polyurethane Resin Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Polyurethane Resin Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Polyurethane Resin Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Polyurethane Resin Market, Revenues & Volume, By End Use, 2021 - 2031 |
11.5 Europe Polyurethane Resin Market, Revenues & Volume, By Application, 2021 - 2031 |
11.6 Europe Polyurethane Resin Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
12 Middle East Polyurethane Resin Market, Overview & Analysis |
12.1 Middle East Polyurethane Resin Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Polyurethane Resin Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Polyurethane Resin Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Polyurethane Resin Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Polyurethane Resin Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Polyurethane Resin Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Polyurethane Resin Market, Revenues & Volume, By End Use, 2021 - 2031 |
12.5 Middle East Polyurethane Resin Market, Revenues & Volume, By Application, 2021 - 2031 |
12.6 Middle East Polyurethane Resin Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
13 Global Polyurethane Resin Market Key Performance Indicators |
14 Global Polyurethane Resin Market - Export/Import By Countries Assessment |
15 Global Polyurethane Resin Market - Opportunity Assessment |
15.1 Global Polyurethane Resin Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Polyurethane Resin Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Polyurethane Resin Market Opportunity Assessment, By End Use, 2021 & 2031F |
15.4 Global Polyurethane Resin Market Opportunity Assessment, By Application, 2021 & 2031F |
15.5 Global Polyurethane Resin Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
16 Global Polyurethane Resin Market - Competitive Landscape |
16.1 Global Polyurethane Resin Market Revenue Share, By Companies, 2024 |
16.2 Global Polyurethane Resin Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |