GITNUX MARKETDATA REPORT 2024

Polyurethane Industry Statistics

The polyurethane industry is expected to experience steady growth over the next few years as demand for polyurethane products increases in various applications such as construction, automotive, and furniture.

Statistic 1

"The construction industry accounts for over 30% of the total polyurethane consumption."

Sources Icon

Statistic 2

"Rigid polyurethane foam is expected to witness significant growth due to its increasing use in construction."

Sources Icon

Statistic 3

"The global polyurethane market size was valued at approximately $54 billion in 2020."

Sources Icon

Statistic 4

"The polyurethane market is projected to reach $87 billion by 2027, growing at a CAGR of 6.3% during the forecast period."

Sources Icon

Statistic 5

"Approximately 85% of the global polyurethane production uses TDI and MDI as key raw materials."

Sources Icon

Statistic 6

"The footwear industry utilizes polyurethane for over 25% of its raw materials."

Sources Icon

Statistic 7

"Germany is the leading producer of polyurethane in Europe."

Sources Icon

Statistic 8

"Polyurethane elastomers market is expected to grow with a CAGR of 4.5% from 2019 to 2025."

Sources Icon

Statistic 9

"The flexible foam segment holds the largest share in the polyurethane market, accounting for more than 35%."

Sources Icon

Statistic 10

"The North American polyurethane market is dominated by the US, accounting for over 80% in the region."

Sources Icon

Statistic 11

"More than 70% of refrigerators produced globally use rigid polyurethane foam for insulation."

Sources Icon

Statistic 12

"More than 50% of polyurethane production is based on polyols derived from petroleum."

Sources Icon

Statistic 13

"The polyurethane coatings market is anticipated to grow at a CAGR of 5.9% from 2021 to 2028."

Sources Icon

Statistic 14

"The polyurethane adhesives market is estimated to reach $10.2 billion by 2025."

Sources Icon

Statistic 15

"Asia-Pacific is the largest market for polyurethane, contributing over 45% of the global market revenue."

Sources Icon

Statistic 16

"Polyurethane is used in over 85 types of applications, including construction, automotive, and furniture."

Sources Icon

Statistic 17

"The automotive sector uses polyurethane for over 20% of its total material needs."

Sources Icon

Statistic 18

"Over 60% of polyurethane used in furniture is in the form of flexible foam."

Sources Icon

Statistic 19

"China is the largest manufacturer and consumer of polyurethane products."

Sources Icon

Statistic 20

"Environmental regulations are driving the development of bio-based polyurethanes, which are anticipated to grow at a CAGR of 8% from 2021 to 2028."

Sources Icon

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!