South Korea Polyurethane Market Size & Outlook, 2026-2033
- Plastics Polymers & Resins
- Plastic Resins
- Polyurethane Market Outlook
- Plastic Resins
Global Market
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South Korea polyurethane market highlights
- The South Korea polyurethane market generated a revenue of USD 1,265.2 million in 2025 and is expected to reach USD 3,542.5 million by 2033.
- The South Korea market is expected to grow at a CAGR of 14.2% from 2026 to 2033.
- In terms of segment, methylene diphenyl di-isocyanate was the largest revenue generating raw material in 2025.
- Polyols is the most lucrative raw material segment registering the fastest growth during the forecast period.
Polyurethane market data book summary
| Market revenue in 2025 | USD 1,265.2 million |
| Market revenue in 2033 | USD 3,542.5 million |
| Growth rate | 14.2% (CAGR from 2026 to 2033) |
| Largest segment | Methylene diphenyl di-isocyanate |
| Fastest growing segment | Polyols |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Toluene Di-isocyanate, Methylene Diphenyl Di-isocyanate, Polyols |
| Key market players worldwide | Dow Inc, Basf SE, Covestro AG, Huntsman Corp, Eastman Chemical Co, Mitsui & Co Ltd, Mitsubishi Chemical Group Corp, Woodbridge, DIC Corp, RTP Company, The Lubrizol Corp, Tosoh Corp |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.5% of the global polyurethane market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China polyurethane market is projected to lead the regional market in terms of revenue in 2033.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 17,071.0 million by 2033.
South Korea, the fourth-largest economy in Asia, is home to several multinational companies manufacturing diverse goods and providing numerous services.
The market largely has open trade policies and has also signed several free-trade agreements that are expected to encourage and attract foreign investors in several sectors, including automotive, consumer goods, electronics, and construction.
Rapid technological advancements, expansion of the tourism sector and rapidly expanding population base, coupled with high urbanization rates are major factors encouraging growth in these sectors.
Key Regions:U.S., UK, Japan, Brazil, South Korea
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Publish Date: Mar 13, 2026
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Polyurethane Market Scope
Polyurethane Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Basf SE | View profile | 111,855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | www.basf.com |
| Dow Inc | View profile | 35,900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | www.dow.com |
| Huntsman Corp | View profile | 6,000 | 10003 Woodloch Forest Drive, The Woodlands, TX, United States, 77380 | www.huntsman.com |
| Covestro AG | View profile | 17,520 | Kaiser-Wilhelm-Allee 60, Leverkusen, NW, Germany, 51373 | www.covestro.com/en |
| Eastman Chemical Co | View profile | 14,000 | 200 South Wilcox Drive, Kingsport, TN, United States, 37662 | www.eastman.com |
| The Lubrizol Corp | View profile | 5001-10000 | Wickliffe, Ohio, United States, North America | www.lubrizol.com/ |
| Mitsubishi Chemical Group Corp | View profile | 74,632 | 1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8251 | www.mcgc.com |
| DIC Corp | View profile | 22,255 | DIC Building, 7-20, Nihonbashi 3-chome, Chuo-ku, Tokyo, Japan, 103-8233 | www.dic-global.com/en/index.html |
| Woodbridge | View profile | 5001-10000 | Mississauga, Ontario, Canada, North America | www.woodbridgegroup.com |
| Tosoh Corp | View profile | 14,266 | 3-8-2 Shiba, Minata-ku, Tokyo, Japan, 105-8623 | www.tosoh.com |
South Korea 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 Outlook will help companies and investors design strategic landscapes.
Methylene Diphenyl Di-Isocyanate was the largest segment with a revenue share of 38.44% in 2025.
Horizon Databook has segmented the South Korea polyurethane market based on toluene di-isocyanate, methylene diphenyl di-isocyanate, polyols covering the revenue growth of each sub-segment from 2021 to 2033.
South Korea, the fourth-largest economy in Asia, is home to several multinational companies manufacturing diverse goods and providing numerous services.
The market largely has open trade policies and has also signed several free-trade agreements that are expected to encourage and attract foreign investors in several sectors, including automotive, consumer goods, electronics, and construction.
Rapid technological advancements, expansion of the tourism sector and rapidly expanding population base, coupled with high urbanization rates are major factors encouraging growth in these sectors.
- South Korea Polyurethane Market Raw Material Outlook (Revenue, USD Million , 2021-2033)
- Toluene Di-isocyanate
- Methylene Diphenyl Di-isocyanate
- Polyols
- Others
- South Korea Polyurethane Market Product Outlook (Revenue, USD Million , 2021-2033)
- Rigid Foam
- Flexible Foam
- Coatings
- Adhesives & Sealants
- Elastomers
- Others
- South Korea Polyurethane Market End Use Outlook (Revenue, USD Million , 2021-2033)
- Furniture and Interiors
- Construction
- Electronics & Appliances
- Automotive
- Footwear
- Packaging
- Others ( Industrial insulation, CASE and so on)
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea Polyurethane Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Polyurethane Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
South Korea Polyurethane Market, 2021-2033 (US$M)
South Korea polyurethane market statistics, by raw material, 2021-2033 (US$M)
