United States Isocyanates Market Size, Share, and COVID-19 Impact Analysis, By Source (Bio-Based and Conventional), By Bio-Based End Use (Industrial, Military, and Others), and United States Isocyanates Market Insights, Industry Trend, Forecasts to 2035

United States Isocyanates Market Insights Forecasts to 2035

• The United States Isocyanates Market Size Was Estimated at USD 4745.2 Million in 2024
• The Market Size is Expected to Grow at a CAGR of Around 6.35% from 2025 to 2035
• The United States Isocyanates Market Size is Expected to Reach USD 9343.2 Million by 2035

According to a research report published by Spherical Insights & Consulting, the United States Isocyanates Market Size is anticipated to reach USD 9343.2 Million by 2035, Growing at a CAGR of 6.35% from 2025 to 2035. The market is growing due to strong demand from the construction and automotive industries, growing use of polyurethane foams in insulation and furniture, and increasing applications in coatings, adhesives, sealants, and elastomers, supported by the need for lightweight and energy-efficient materials.

Market Overview

The United States isocyanates market refers to the economic market in the United States for isocyanate chemicals used in industrial applications primarily involving the production, supply, and consumption of isocyanates. The United States isocyanate market serves a wide range of applications primarily linked to polyurethane production. Isocyanates are extensively used in rigid and flexible foams for building insulation, furniture, bedding, and automotive seating. The market is driven by strong demand from the construction and automotive industries, growing use of polyurethane foams in insulation and furniture, and increasing applications in coatings, adhesives, sealants, and elastomers, supported by the need for lightweight and energy-efficient materials.

Key opportunities in the United States isocyanates market include advancing sustainable and bio-based product development and leveraging strong demand from construction, automotive, and CASE applications. Market expansion is supported by stricter energy-efficiency building regulations, growth in cold-chain infrastructure, and the increasing need for lightweight materials in electric vehicles. In September 2025, the United States International Trade Commission initiated a revised schedule for its trade proceeding following a funding lapse. The hearing is set for March 12, 2026, with final comments due April 10, 2026. The action, under the Tariff Act of 1930, may impact U.S. isocyanates trade flows, pricing trends, and supply-demand dynamics, influencing a market valued in the multi-billion-dollar range with steady annual growth.

Report Coverage

This research report categorizes the market for the United States isocyanates market based on various segments and regions, and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States isocyanates market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition, have been included to draw the competitive landscape in the United States isocyanates market.

Driving Factors

The United States isocyanates market is driven by rising demand from the construction sector, particularly for polyurethane insulation materials that improve energy efficiency in residential and commercial buildings. Growth in the automotive industry also fuels demand due to the increasing use of lightweight polyurethane foams and coatings to enhance fuel efficiency and vehicle performance. Additionally, expanding furniture and bedding production, growth in CASE applications (coatings, adhesives, sealants, and elastomers), and ongoing industrial manufacturing activities contribute significantly to market expansion. Technological advancements and increasing focus on sustainable and energy-efficient materials further support market growth.

Restraining Factors

The United States isocyanates market is mostly constrained by the stringent environmental and occupational safety regulations due to the hazardous nature of isocyanates, which increase compliance costs. Health concerns related to worker exposure, volatile raw material prices, and supply chain disruptions also limit growth.

Market Segmentation

The United States isocyanates market share is classified into source and bio-based end use.

• The conventional segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. 

The United States isocyanates market is segmented by source into bio-based and conventional. Among these, the conventional segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is due to their well-established supply chains and reliable performance in industrial applications. They are extensively used in automotive, construction, and furniture sectors for their cost-effectiveness and dependability, and consistent demand from large-scale manufacturing sustains their dominance, even amid growing bio-based alternatives.

• The industrial segment dominated the share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. 

The United States isocyanates market is segmented by bio-based end use into industrial, military, and others. Among these, the industrial segment dominated the share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. This is due to manufacturers depend on them for producing adhesives, foams, and sealants. Robust demand from large-scale production, combined with well-established supply chains, reinforces their dominant position. Their proven performance, chemical stability, versatility across applications, and cost-effectiveness make them the preferred choice for automotive, construction, and furniture sectors, even as bio-based alternatives gain traction. Steady industrial adoption and compatibility with existing manufacturing processes further strengthen their market leadership.

 Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United States isocyanates market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Evonik Industries AG
• Covestro LLC.
• Dow Inc.
• BASF SE
• Vencorex Holding
• Anderson Development Company
• Wanhua Chemicals Group Co., Ltd.
• Mitsui Chemical Inc.
• Tosoh Specialty Chemicals USA, Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments:

• In October 2025, Dow launched ISCC PLUS-certified Ecolibrium bio-circular isocyanates at its Freeport, Texas, facility. Containing up to 60% bio-based material, these products reduce carbon footprint while maintaining quality, supporting sustainability goals, and promoting growth in the United States isocyanates market across construction, automotive, and consumer industries.

• In October 2025, BASF expanded its MDI portfolio with the launch of Lupranat ZERO, the first GHG-neutral aromatic isocyanate. Produced using renewable feedstocks and a mass balance approach, this innovation supports sustainability in the United States isocyanates market by enabling lower-carbon insulation and polyurethane applications while maintaining product performance and meeting growing demand for greener solutions.

Market Segment

This study forecasts revenue at the United States, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the United States isocyanates market based on the below-mentioned segments:

United States Isocyanates Market, By Source

• Bio-Based
• Conventional

United States Isocyanates Market, By Bio-Based End Use

• Industrial
• Military
• Others