Polyurethane Composites Market Size

Study Period: | 2018 - 2028 |
Fastest Growing Market: | Asia Pacific |
Largest Market: | Asia Pacific |
CAGR: | 4 % |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
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Polyurethane Composites Market Analysis
The market for polyurethane composites is expected to grow at a CAGR of 4% globally during the forecast period. Increasing demand for lightweight materials in the transportation industry and growing demand from the building and construction industry are driving the market growth. On the flip side, higher production costs and slowdown in global automotive production are hindering the growth of the market.
- The polyurethane composites market is expected to grow during the forecast period owing to the increasing demand from the transportation industry.
- Asia-Pacific region dominates the market across the globe with the largest consumption from countries such as China, India and Japan.
Polyurethane Composites Industry Segmentation
The Polyurethane Composites Market report includes:
By Fiber Type | |
Glass | |
Carbon | |
Others |
By End-user Industry | |
Transportation | |
Building & Construction | |
Electrical & Electronics | |
Wind Energy | |
Others |
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Polyurethane Composites Market Trends
This section covers the major market trends shaping the Polyurethane Composites Market according to our research experts:
Increasing demand from the Transportation Industry
- Polyurethane composites are widely used in the transportation industry and are expected to grow rapidly during the forecast period.
- Polyurethane composites are produced using different techniques depending on the application and fiber content. Some of the popular techniques used for manufacturing are lay-up, pultrusion, resin transfer molding, injection molding, and filament winding.
- Polyurethane composites possess superior characteristics such as lightweight, high stability, more durability, heat resistance, and excellent 3-D moldability.
- The trunk floors, rear parcel shelves, sunroofs, headliners, trays, semi-structural components in cars and commercial vehicles are manufactured using this process.
- Due to the advanced properties offered by the polyurethane composites, they are also widely used in the manufacturing of commercial airlines.
- The increase in demand for light weight composites from the transportation industry drives the growth of the polyurethane composites market during the forecast period.

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Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market for polyurethane composites during the forecast period as a result of the increase in demand from building and construction, transportation, aerospace & defense industry in countries like China, India, and Japan.
- Polyurethane composites are widely used in the building and construction industry. The increase in demand for lightweight and more durable, readily fixable (ready-made) components is expected to drive the market. They are used in window frame stiffeners, the sliding door still frames, lightweight laminate panels, cladding panels and many more.
- According to the National Development and Reform Commission, China, the Chinese government approved 26 infrastructure projects at an estimated investment of about USD 142 billion in 2019 which are expected to be completed by 2025.
- The increasing use of lightweight composites in aerospace applications is expected to drive the market for polyurethane composites because of their no VOC emissions, strength, durability, flexibility and resistance to heat and high temperatures.
- In union budget 2019-20, India allocated about USD 61.96 billion for the developments in the defense sector. The increase in investments in the defense sector from India is expected to drive the market growth during the forecast period.
- The aforementioned factors, coupled with government support, are contributing to the increasing demand for polyurethane composites market during the forecast period.

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Polyurethane Composites Industry Overview
The global polyurethane composites market is partially fragmented with players accounting for a marginal share of the market. Few companies include BASF SE, Covestro AG, Huntsman International LLC, ELANTAS and Henkel Corporation.
Polyurethane Composites Market Leaders
BASF SE
Covestro AG
Huntsman International LLC
ELANTAS
Henkel Corporation
*Disclaimer: Major Players sorted in no particular order

Polyurethane Composites Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Demand for the Lightweight Materials From the Transportation Industry
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4.1.2 Growing Demand from the Building and Construction Industry
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4.2 Restraints
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4.2.1 Slowdown in the Global Automotive Production
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4.2.2 High Production Costs
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4.3 Industry Value Chain Analysis
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4.4 Porters Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 By Fiber Type
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5.1.1 Glass
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5.1.2 Carbon
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5.1.3 Others
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5.2 By End-user Industry
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5.2.1 Transportation
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5.2.2 Building & Construction
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5.2.3 Electrical & Electronics
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5.2.4 Wind Energy
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5.2.5 Others
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 Italy
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5.3.3.4 France
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share (%)/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 BASF SE
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6.4.2 ELANTAS
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6.4.3 Covestro AG
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6.4.4 Linecross
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6.4.5 Huntsman International LLC
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6.4.6 Henkel Corporation
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6.4.7 Webasto Group
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Growing Demand from the Developed Economies
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7.2 Other Opportunities
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Polyurethane Composites Market Research FAQs
What is the study period of this market?
The Polyurethane Composites Market is studied from 2018 - 2028.
What is the growth rate of Polyurethane Composites Market?
The Polyurethane Composites Market is growing at a CAGR of 4% over the next 5 years.
Which region has highest growth rate in Polyurethane Composites Market?
Asia Pacific is growing at the highest CAGR over 2018 - 2028.
Which region has largest share in Polyurethane Composites Market?
Asia Pacific holds highest share in 2021.
Who are the key players in Polyurethane Composites Market?
BASF SE, Covestro AG, Huntsman International LLC, ELANTAS, Henkel Corporation are the major companies operating in Polyurethane Composites Market.
Polyurethane Composites Industry Report
Statistics for the 2023 Polyurethane Composites market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Polyurethane Composites analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.