U.S. Polyurethane Market Size & Outlook, 2024-2030
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U.S. polyurethane market highlights
- The U.S. polyurethane market generated a revenue of USD 12,962.1 million in 2024 and is expected to reach USD 19,893.4 million by 2030.
- The U.S. 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 2024 | USD 12,962.1 million |
| Market revenue in 2030 | USD 19,893.4 million |
| Growth rate | 7.4% (CAGR from 2025 to 2030) |
| Largest segment | Methylene diphenyl di-isocyanate |
| Fastest growing segment | Polyols |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Toluene Di-isocyanate, Methylene Diphenyl Di-isocyanate, Polyols |
Other key industry trends
- In terms of revenue, U.S. accounted for 17.2% of the global polyurethane market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. polyurethane market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 2,481.0 million by 2030.
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Polyurethane Market Scope
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 |
U.S. 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 34.96% in 2024. Horizon Databook has segmented the U.S. 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 rising demand for the product from the automotive, construction, packaging sectors in the U.S. is expected to drive the market over the forecast period. The U.S. automotive industry has been witnessing growth in automobile production in the past few years.
Major players in the market are entering into joint ventures and forming an alliance to increase their production and their reach in the country.
For instance, in May 2022, Hyundai Motor Company and Kia Corporation jointly planned to launched a new production plant for electric vehicles in Georgia, U.S. In June 2022, Ford Motor Co. announced to invest of $3.7 billion and add 6,200 jobs in its Michigan, Ohio, and Missouri plants to expand the production of its electric vehicles as well as internal combustion engine vehicles.
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Target buyers of U.S. polyurethane market databook
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Our clientele includes a mix of polyurethane market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. polyurethane market , including forecasts for subscribers. This country databook contains high-level insights into U.S. polyurethane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. polyurethane market size, by raw material, 2018-2030 (US$M)
U.S. Polyurethane Market Outlook Share, 2024 & 2030 (US$M)
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