Top Companies in Polyurethane Market | Growth Analysis and Market Insights of Industry Major Players

Polyurethane is commonly used to create gaskets, elastomers, high-performance adhesives, surface coatings, and synthetic fibers.

Top Companies in Polyurethane Market | Growth Analysis and Market Insights of Industry Major Players
polyurethane market

Market Overview:

The global Polyurethane Market is valued at USD 71.7 Billion in 2021 and is projected to reach a value of USD 91.2 Billion by 2028 at a CAGR (Compound Annual Growth Rate) of 4.1% over the forecast period.

The demand for Polyurethane is anticipated to increase throughout the forecast period due to rising building insulation demand brought on by environmental concerns. Since the potential ecological impact of building developments is relatively significant, sustainability in building developments is a broad field that involves many actions that must be performed in the initial construction stages.

Investments in smart, energy-efficient commercial and residential buildings have increased, paving the way for a greater supply of green buildings to hit the market. These buildings not only present promising opportunities but also meet federal and environmental regulations, providing a major response to expanding consumer expectations for sustainability.

Furthermore, to control heating, ventilation, and air conditioning (HVAC) and offset the amount of energy lost due to insufficient insulation, construction materials' effectiveness has eventually increased the demand for efficient insulating materials. Consequently, polyurethane foams are being used as exceptionally effective insulation materials, resulting in increased energy savings.

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Some of the key players operating in the Polyurethane Market are listed below:

Company Name

Revenue in the USD

  • Dow Inc.

$58 Billion


$52 Billion

  • Covestro AG

$18 Billion

  • Huntsman Corporation

$9 Billion

  • Eastman Chemical Company

$10 Billion

  • Mitsui & Co

$87 Billion

  • Mitsubishi Chemical

$35 Billion

  • Recticel

$1 Billion

  1. Dow Inc.

Dow Inc. offers a range of materials science solutions for packaging, infrastructure, mobility, and consumer applications throughout the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America. Its segments include Performance Materials & Coatings, Industrial Intermediates & Infrastructure, and Packaging & Specialty Plastics. Ethylene, propylene, aromatics products, polyethylene, polyolefin elastomers, ethylene vinyl acetate, and ethylene propylene diene monomer rubbers are all offered under the Packaging & Specialty Plastics section.

  1. BASF SE

BASF SE (BASF) is a chemical company. This company produces, markets, and sells chemicals, polymers, crop protection products, and performance goods. Among the company's product offerings are solvents, adhesives, surfactants, fuel additives, electronic chemicals, pigments, paints, food additives, fungicides, and herbicides. In addition, contemporary AmperexTechnologyCo., Limited and the corporation have strategic alliances for battery material solutions, such as active cathode materials and battery recycling. The headquarters of BASF SE is in Ludwigshafen am Rhein, Germany, where it was established in 1865.

  1. Covestro AG

Covestro AG provides high-tech polymer materials and associated application solutions. Performance Materials and Solutions & Specialties are its two operational segments. For use in the furniture and wood processing, construction, automotive, and transportation industries, as well as roof structures, insulation for buildings and refrigerators, mattresses, car seats, and other items, the Performance Materials segment develops, produces, and supplies high-performance materials like polyurethanes and polycarbonates, as well as base chemicals like diphenylmethane diisocyanate (MDI), toluylene diisocyanate, long-chain polyols, and polycarbonate resins.

  1. Huntsman International LLC

Huntsman Corporation produces and markets distinctive organic chemical products all over the world. Polyurethanes, Performance Products, Advanced Materials, and Textile Effects are the company's four business segments. The Polyurethanes division provides polyurethane compounds such as propylene oxide, methyl tertiary-butyl ether, polyols, thermoplastic polyurethane, and methyl diphenyl diisocyanate.

  1. Eastman Chemical Company

The Eastman Chemical Company is a specialty materials business that operates domestically and abroad. Hydrocarbon and rosin resins, organic acid-based solutions, amine derivative-based building blocks, metal-based fungicides, and plant growth regulators, specialty coalescent, specialty and commodity solvents, paint additives, and specialty polymers, heat transfer and aviation fluids, insoluble sulfur and anti-degradant rubber additives, and performance resins are all provided by the company's Additives & Functional Products segment. It caters to the markets for electronics, consumables, durables, food, feed, building and construction, personal care, wellness, cuisine, transportation, and agriculture.

  1. Mitsui & Co. Plastics Ltd.

Worldwide general trading operations are conducted by Mitsui & Co., Ltd. The company operates steel processing service centers, manufactures, repairs, fabricates wind turbine towers and flanges, trades in automotive, electrical, unique, and stainless steel, exports, imports, and manufactures iron and steel products. It also engages in coal mining, ferrous alloy production, power generation, infrastructure upkeep, and water pumping.

  1. Mitsubishi Chemical Corporation

The Mitsubishi Chemical Group Corporation offers a variety of goods in Japan and abroad, including performance goods, chemicals, industrial gases, and health care items. Specialty chemicals, inorganic materials, functional food materials, electronic and electrical components, and products, molding and processed products, film and sheet products, synthetic paper and fiber, carbon fiber, equipment, instruments, and systems, materials and products for industrial use, construction, civil engineering, aqua-related materials and products, leisure, sports, and daily necessities are among the company's performance products.

  1. Recticel NV/SA

Recticel SA/NV produces and sells polyurethane foams for use in flexible foams, bedding, insulation, and other products. Engineered Foam, a business unit of the corporation, offers remedies for various problems, including muting, sealing, filtering, carrying, safeguarding, supporting, and consoling. Additionally, it provides technical foams, which are used in various applications, including packing and silencing in automobiles and industrial equipment, sponges, scouring pads, filters, paint rollers, and packaging. Comfort foams are bulk products primarily used for upholstered furniture and mattresses.

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