Russia Polyurethane Market Size & Outlook, 2024-2030

The polyurethane market in Russia is expected to reach a projected revenue of US$ 1,249.3 million by 2030. A compound annual growth rate of 7.4% is expected of Russia polyurethane market from 2025 to 2030.
Revenue, 2024 (US$M)
$812.2
Forecast, 2030 (US$M)
$1,249.3
CAGR, 2025 - 2030
7.4%
Report Coverage
Russia

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Russia polyurethane market, 2018-2030 (US$M)

Russia polyurethane market, 2018-2030 (US$M)

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Russia polyurethane market highlights

  • The Russia polyurethane market generated a revenue of USD 812.2 million in 2024 and is expected to reach USD 1,249.3 million by 2030.
  • The Russia market is expected to grow at a CAGR of 7.4% from 2025 to 2030.
  • In terms of segment, methylene diphenyl di-isocyanate was the largest revenue generating raw material in 2024.
  • Polyols is the most lucrative raw material segment registering the fastest growth during the forecast period.


Polyurethane market data book summary

Market revenue in 2024USD 812.2 million
Market revenue in 2030USD 1,249.3 million
Growth rate7.4% (CAGR from 2025 to 2030)
Largest segmentMethylene diphenyl di-isocyanate
Fastest growing segmentPolyols
Historical data2018 - 2023
Base year2024
Forecast period2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationToluene Di-isocyanate, Methylene Diphenyl Di-isocyanate, Polyols


Other key industry trends

  • In terms of revenue, Russia accounted for 1.1% of the global polyurethane market in 2024.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Europe, Germany polyurethane market is projected to lead the regional market in terms of revenue in 2030.
  • Norway is the fastest growing regional market in Europe and is projected to reach USD 691.5 million by 2030.

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Polyurethane Market Companies

Name Profile # Employees HQ Website
RTP Company View profile 1001-5000 Winona, Minnesota, United States, North America http://rtpcompany.com
Mitsui & Co Ltd View profile 55874 1-3, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8631 https://www.mitsui.com
Tosoh Corp View profile 14266 3-8-2 Shiba, Minata-ku, Tokyo, Japan, 105-8623 http://www.tosoh.com
Woodbridge View profile 5001-10000 Mississauga, Ontario, Canada, North America https://www.woodbridgegroup.com
DIC Corp View profile 22255 DIC Building, 7-20, Nihonbashi 3-chome, Chuo-ku, Tokyo, Japan, 103-8233 http://www.dic-global.com/en/index.html
Mitsubishi Chemical Group Corp View profile 74632 1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8251 https://www.mcgc.com
The Lubrizol Corp View profile 5001-10000 Wickliffe, Ohio, United States, North America http://www.lubrizol.com/
Eastman Chemical Co View profile 14000 200 South Wilcox Drive, Kingsport, TN, United States, 37662 https://www.eastman.com
Covestro AG View profile 17520 Kaiser-Wilhelm-Allee 60, Leverkusen, NW, Germany, 51373 https://www.covestro.com/en
Huntsman Corp View profile 6000 10003 Woodloch Forest Drive, The Woodlands, TX, United States, 77380 https://www.huntsman.com
Dow Inc View profile 35900 2211 H.H. Dow Way, Midland, MI, United States, 48674 https://www.dow.com
Basf SE View profile 111855 Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 https://www.basf.com

Russia polyurethane market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to polyurethane market will help companies and investors design strategic landscapes.


Methylene diphenyl di-isocyanate was the largest segment with a revenue share of 34.95% in 2024. Horizon Databook has segmented the Russia polyurethane market based on toluene di-isocyanate, methylene diphenyl di-isocyanate, polyols covering the revenue growth of each sub-segment from 2018 to 2030.


The PU market in Russia is significantly driven by the rising demand for lightweight vehicles in the automotive industry. Based on car sales and production, Russia is among the top 12 largest automobile markets across the world. 

According to the International Organization of Motor Vehicle Manufacturers (IOCA), in 2020, In December 2023, Russia produced 729,864 motor vehicles, which was an increase from 2022. Currently, the automotive industry is characterized by the expansion of local production capacity. 

The government is proposing non-tariff protections to support local manufacturers aimed at maintaining customers’ demand and reducing production costs. 

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Target buyers of Russia polyurethane market databook

  • Our clientele includes a mix of polyurethane market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the Russia polyurethane market , including forecasts for subscribers. This country databook contains high-level insights into Russia polyurethane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Russia polyurethane market size, by raw material, 2018-2030 (US$M)

Russia Polyurethane Market Outlook Share, 2024 & 2030 (US$M)

Russia polyurethane market size, by raw material, 2018-2030 (US$M)

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