diff --git a/crates/polars-io/src/cloud/object_store_setup.rs b/crates/polars-io/src/cloud/object_store_setup.rs
index 35dbc4876c189..882be1f8b4f63 100644
--- a/crates/polars-io/src/cloud/object_store_setup.rs
+++ b/crates/polars-io/src/cloud/object_store_setup.rs
@@ -2,10 +2,21 @@ use std::sync::Arc;
 
 use object_store::local::LocalFileSystem;
 use object_store::ObjectStore;
+use once_cell::sync::Lazy;
 use polars_error::{polars_bail, to_compute_err, PolarsError, PolarsResult};
+use polars_utils::aliases::PlHashMap;
+use tokio::sync::RwLock;
+use url::Url;
 
 use super::{parse_url, CloudLocation, CloudOptions, CloudType};
 
+/// Object stores must be cached. Every object-store will do DNS lookups and
+/// get rate limited when querying the DNS (can take up to 5s).
+/// Other reasons are connection pools that must be shared between as much as possible.
+#[allow(clippy::type_complexity)]
+static OBJECT_STORE_CACHE: Lazy<RwLock<PlHashMap<String, Arc<dyn ObjectStore>>>> =
+    Lazy::new(Default::default);
+
 type BuildResult = PolarsResult<(CloudLocation, Arc<dyn ObjectStore>)>;
 
 #[allow(dead_code)]
@@ -16,6 +27,16 @@ fn err_missing_feature(feature: &str, scheme: &str) -> BuildResult {
     );
 }
 
+/// Get the key of a url for object store registration.
+/// The credential info will be removed
+fn url_to_key(url: &Url) -> String {
+    format!(
+        "{}://{}",
+        url.scheme(),
+        &url[url::Position::BeforeHost..url::Position::AfterPort],
+    )
+}
+
 /// Build an [`ObjectStore`] based on the URL and passed in url. Return the cloud location and an implementation of the object store.
 pub async fn build_object_store(
     url: &str,
@@ -28,6 +49,16 @@ pub async fn build_object_store(
     let parsed = parse_url(url).map_err(to_compute_err)?;
     let cloud_location = CloudLocation::from_url(&parsed)?;
 
+    let key = url_to_key(&parsed);
+    let mut allow_cache = true;
+
+    {
+        let cache = OBJECT_STORE_CACHE.read().await;
+        if let Some(store) = cache.get(&key) {
+            return Ok((cloud_location, store.clone()));
+        }
+    }
+
     #[cfg(any(feature = "aws", feature = "gcp", feature = "azure"))]
     let options = options.map(std::borrow::Cow::Borrowed).unwrap_or_default();
 
@@ -83,5 +114,13 @@ pub async fn build_object_store(
             return err_missing_feature("http", &cloud_location.scheme);
         },
     }?;
+    if allow_cache {
+        let mut cache = OBJECT_STORE_CACHE.write().await;
+        // Clear the cache if we surpass a certain amount of buckets.
+        if cache.len() > 32 {
+            cache.clear()
+        }
+        cache.insert(key, store.clone());
+    }
     Ok((cloud_location, store))
-}
+}
\ No newline at end of file