Polyurethane Market (By Product: Rigid Foam, Flexible Foam, Coatings, Adhesives & Sealants, Elastomers, Others; By Raw Material: Polyol, MDI, TDI, Others; By Application: Furniture & Interiors, Construction, Electronics & Appliances, Automotive, Footwear, Packaging, Others) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022-2030

The global polyurethane market size was estimated at USD 78.1 billion in 2021 and is projected to surpass around USD 112.45 billion by 2030 and will be growing at a CAGR of 4.13% during the forecast period 2022 to 2030.

Key Takeaways:

The Asia Pacific polyurethane market was accounted at USD 27.2 billion in 2021

By product, the U.S. polyurethane market was valued at USD 13.1 billion in 2021 and is expected to grow at a CAGR of 3.8% from 2022 to 2030.

Rigid foam product segment hit largest market share of around 32% in 2021. 

Flexible foam product segment is expected to grow at steady pace with a CAGR of 5.8% from 2022 to 2030. 

By application, the construction segment accounted market share 26% in 2021.

Automotive application segment is anticipated to grow at CAGR of 8.7% from 2022 to 2030.

Asia Pacific region garnered revenue of total global market, which is 45%

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