Polyurethane Composites Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Polyurethane Composites Report is Segmented by Fiber Type (Glass, Carbon, Others), Resin Type (Thermoset PU, Thermoplastic PU, Bio-Based PU), End-User Industry (Transportation, Building and Construction, Electrical and Electronics, Wind Energy, Sports and Recreation, Others), and Geography (North America, South America, Europe, Asia-Pacific, and Middle-East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

Polyurethane Composites Market Size and Share

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Compare market size and growth of Polyurethane Composites Market with other markets in Chemicals & Materials Industry

Polyurethane Composites Market Analysis by Mordor Intelligence

The Polyurethane Composites Market size is estimated at USD 0.86 billion in 2025, and is expected to reach USD 1.13 billion by 2030, at a CAGR of 5.67% during the forecast period (2025-2030). Persistent demand for lightweight structures in automotive, aerospace, wind energy, and modern construction systems is the primary force anchoring this growth. Regulatory pressure to cut vehicle emissions, coupled with electrification targets, accelerates material substitution from metals toward composites that lower fuel consumption and extend electric-vehicle driving range. Rising investments in onshore and offshore wind farms stimulate blade length scaling, which favors polyurethane matrices thanks to their process speed and fatigue resistance. Builders also move to prefabricated structural insulated panels that combine fiberglass skins with polyurethane cores to meet tighter energy-efficiency codes. Bio-based and non-isocyanate resin chemistries are gaining commercial momentum as producers respond to EU toxicity caps and wider ESG reporting requirements.

Key Report Takeaways

  • By fiber type, glass fiber maintained a 59.66% revenue share in 2024; carbon fiber is projected to expand at a 6.56% CAGR through 2030. 
  • By resin type, thermoset polyurethane led with 60.45% of the polyurethane composites market share in 2024 and is advancing at a 6.95% CAGR to 2030. 
  • By end-user industry, transportation captured 34.66% of 2024 demand, while wind energy applications are forecast to post a 7.45% CAGR during 2025-2030. 
  • By geography, Asia Pacific accounted for 52.78% of global revenue in 2024 and is expected to grow at a 7.67% CAGR through 2030.

Segment Analysis

By Fiber Type: Carbon Acceleration Despite Glass Dominance

Glass fiber held 59.66% of revenue in 2024 on the strength of mature supply lines and cost efficiency across automotive, construction, and marine applications. Carbon fiber is set to grow at 6.56% CAGR, outpacing the overall polyurethane composites market as aerospace rebound and wind blade scaling raise demand for superior stiffness-to-weight ratios. The polyurethane composites market size for carbon fiber applications is projected to widen substantially as Vestas adopts Dow’s spar cap technology in next-generation turbines. 

The scale advantages of glass fiber should keep it entrenched in cost-sensitive transportation and building parts even as carbon solutions penetrate premium segments. Manufacturers are exploring Surface-Modified roving to enhance adhesion with non-isocyanate resins, which could sustain glass volumes despite tightening VOC rules. 

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Note: Segment shares of all individual segments available upon report purchase

By Resin Type: Thermoset Polyurethane’s Dual Leadership

Thermoset formulations commanded 60.45% of global volume in 2024 and are tracking a 6.95% CAGR owing to their rapid infusion kinetics and high damage tolerance. Covestro reports that wind blade makers can shave 10-15% from total manufacturing cost by switching from epoxy to polyurethane resin because of faster line speeds and lower heat budgets. The polyurethane composites market size for thermoset systems in wind energy alone is forecast to expand materially through 2030 as megawatt turbines proliferate. 

Advances in shape-memory polyurethane foils and self-healing chemistries suggest growing functional diversity within thermoset offerings[2]Phys.org, “Shape-memory polyurethane foils,” phys.org . Segment leaders are also integrating flame-retardant additives to meet battery safety codes without halogens, bolstering adoption in electric-vehicle enclosures. Collectively, the dual dominance of thermoset polyurethane reflects its mechanical strength advantages while emerging thermoplastic and bio-based pathways support circular-economy commitments.

By End-User Industry: Transportation Leadership with Wind Energy Acceleration

Transportation held 34.66% of demand in 2024, cementing its role as the largest revenue generator within the polyurethane composites market. Automakers employ the material in structural reinforcements, underbody shields, and battery cases to offset the mass of electric drivetrains and comply with fleet emissions caps. Marine builders use polyurethane sandwich decks that resist water ingress and fatigue. Building and construction segments benefit from thermal-insulated panels that meet stricter energy codes, although growth is moderate relative to mobility-driven volumes.

Wind energy is the fastest growing end-user and is tracking a 7.45% CAGR to 2030 as nations expand renewable capacity commitments. The polyurethane composites market share of wind applications is widening as turbine OEMs adopt polyurethane systems for spar caps and nacelle covers to shorten production cycles. Electrical and electronics manufacturers leverage the resin’s dielectric strength to encapsulate sensitive boards, while sports equipment brands embed polyurethane cores for impact damping.

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Note: Segment shares of all individual segments available upon report purchase

Geography Analysis

Asia Pacific dominated the polyurethane composites market with 52.78% of global revenue in 2024 and is expected to climb at a 7.67% CAGR through 2030. China and India drive volumes through automotive assembly expansion and wind farm construction, while Southeast Asia boosts propylene glycol and specialty amine capacities to feed resin plants. 

North America retains a substantial footprint due to aerospace, defense, and high-value automotive programs. Policy incentives for clean energy projects spur additional wind blade and battery-component fabrication across the United States. Europe’s trajectory is shaped by rigorous chemical regulations and aggressive renewable-energy targets. REACH restrictions on diisocyanates are pushing formulators to low-monomer and bio-derived routes, streamlining a green transition that amplifies polyurethane composite usage in circular applications 

Polyurethane Composites Market CAGR (%), Growth Rate by Region
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Competitive Landscape

The polyurethane composites market remains moderately fragmented. Global chemical majors BASF, Covestro, Dow, and Huntsman combine backward integration in MDI/TDI, polyols, and additives with regional technical centers that aid processors in cycle-time optimization and emissions compliance. Specialist compounders focus on application niches such as high-temperature battery protection, isocyanate-free systems, and sports-equipment laminates. 

Polyurethane Composites Industry Leaders

  1. BASF

  2. Covestro AG

  3. Huntsman International LLC

  4. TORAY INDUSTRIES, INC.

  5. Dow

  6. *Disclaimer: Major Players sorted in no particular order
 Polyurethane Composites Market - Market Concentration
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Recent Industry Developments

  • December 2024: BASF raised US-produced polyurethane system prices containing alkyl phosphate esters, citing higher raw-material costs after anti-dumping duties on Chinese imports became effective on 27 November 2024.
  • October 2024: Lubrizol introduced four ESTANE RNW biomass-balance TPU grades that cut cradle-to-gate carbon footprints by up to 59%, reflecting mounting brand-owner demand for quantified climate benefits.

Table of Contents for Polyurethane Composites Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Lightweighting Push in Transportation
    • 4.2.2 Rapid Wind-Turbine Blade Length Scaling
    • 4.2.3 Construction Shift to Modular PU-Sips Panels
    • 4.2.4 ESG-Driven Bio-Based PU Resin Adoption
    • 4.2.5 Thermal-Protective Polyurethane Battery Enclosures
  • 4.3 Market Restraints
    • 4.3.1 Automotive Production Volatility
    • 4.3.2 High Carbon/PU Composite Fabrication Costs
    • 4.3.3 Chlorine Feedstock Regulatory Risk (MDI/TDI)
  • 4.4 Value Chain Analysis
  • 4.5 Porter's Five Forces
    • 4.5.1 Bargaining Power of Suppliers
    • 4.5.2 Bargaining Power of Buyers
    • 4.5.3 Threat of New Entrants
    • 4.5.4 Threat of Substitutes
    • 4.5.5 Degree of Competition

5. Market Size and Growth Forecasts (Value)

  • 5.1 By Fiber Type
    • 5.1.1 Glass
    • 5.1.2 Carbon
    • 5.1.3 Others
  • 5.2 By Resin Type
    • 5.2.1 Thermoset PU
    • 5.2.2 Thermoplastic PU
    • 5.2.3 Bio-based PU
  • 5.3 By End-User Industry
    • 5.3.1 Transportation
    • 5.3.2 Building and Construction
    • 5.3.3 Electrical and Electronics
    • 5.3.4 Wind Energy
    • 5.3.5 Sports and Recreation
    • 5.3.6 Others
  • 5.4 By Geography
    • 5.4.1 Asia-Pacific
    • 5.4.1.1 China
    • 5.4.1.2 India
    • 5.4.1.3 Japan
    • 5.4.1.4 South Korea
    • 5.4.1.5 Rest of Asia-Pacifc
    • 5.4.2 North America
    • 5.4.2.1 United States
    • 5.4.2.2 Canada
    • 5.4.2.3 Mexico
    • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 France
    • 5.4.3.4 Italy
    • 5.4.3.5 Rest of Europe
    • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
    • 5.4.5 Middle-East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 South Africa
    • 5.4.5.3 Rest of Middle-East and Africa

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
    • 6.4.1 AOC Resins
    • 6.4.2 BASF
    • 6.4.3 Covestro AG
    • 6.4.4 Dow
    • 6.4.5 Evonik Industries AG
    • 6.4.6 Gurit Holding
    • 6.4.7 Henkel AG & Co. KGaA
    • 6.4.8 Hexcel Corporation
    • 6.4.9 Huntsman International LLC
    • 6.4.10 Linecross Ltd.
    • 6.4.11 LyondellBasell Industries Holdings B.V.
    • 6.4.12 Mitsui Chemicals Inc
    • 6.4.13 Owens Corning
    • 6.4.14 SABIC
    • 6.4.15 SGL Carbon
    • 6.4.16 Solvay
    • 6.4.17 Teijin Limited
    • 6.4.18 The Lubrizol Corporation
    • 6.4.19 TORAY INDUSTRIES, INC.
    • 6.4.20 Webasto Group

7. Market Opportunities and Future Outlook

  • 7.1 White-space and Unmet-Need Assessment
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Global Polyurethane Composites Market Report Scope

The Polyurethane Composites Market report includes:

By Fiber Type Glass
Carbon
Others
By Resin Type Thermoset PU
Thermoplastic PU
Bio-based PU
By End-User Industry Transportation
Building and Construction
Electrical and Electronics
Wind Energy
Sports and Recreation
Others
By Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacifc
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
By Fiber Type
Glass
Carbon
Others
By Resin Type
Thermoset PU
Thermoplastic PU
Bio-based PU
By End-User Industry
Transportation
Building and Construction
Electrical and Electronics
Wind Energy
Sports and Recreation
Others
By Geography
Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacifc
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Key Questions Answered in the Report

What is the current value of the polyurethane composites market?

The market stands at USD 0.86 billion in 2025 and is projected to reach USD 1.13 billion by 2030.

Which region leads global demand for polyurethane composite materials?

Asia Pacific holds 52.78% of global revenue in 2024 and is also projected to be the fastest growing region at 7.67% CAGR through 2030.

Why are polyurethane composites popular in wind-energy applications?

Rapid blade length scaling demands high stiffness and fast processing, both of which polyurethane resin systems provide more cost-effectively than traditional epoxy alternatives.

How do regulatory changes in the EU affect polyurethane composite producers?

The REACH cap on diisocyanate content above 0.1% pushes manufacturers toward bio-based or non-isocyanate chemistries and increases investment in worker training for safe handling.

Which resin type dominates the polyurethane composites market?

Thermoset polyurethane holds 60.45% of revenue and is growing at 6.95% CAGR due to mechanical strength and faster cycle times in automotive and wind-blade production.

Page last updated on: July 8, 2025

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