Press release
Polyurethane Market 2018 Key industry players are Bayer, BASF, Huntsman, Dow, Foamex Innovations, British Vita Unlimited, Nippon, Woodbridge Foam Corporation, Recticel, Nippon and Mitsui Chemicals
Polyurethanes (PU) Market
Global Polyurethane (PU) Market size was projected at $51.6 billion for 2015 and is anticipated to generate revenue greater than $78 billion by end of forecast timeline. Strong polymer research & development, focusing on high efficacy, sustainable and new items has been crucial for product demand since past few years. Owing to its exceptional performance and light weight features, polyurethane(PU) industry has gained access to many application sectors.
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Product Trends
The global polyurethane (PU) industry is segmented into various products like coatings, flexible foams, elastomers, rigid foams and sealants & adhesives. Flexible foams segment contributed higher than $13.1 billion revenue for 2015. They are extensively utilized in automobile seating uses, upholstery and bedding & furniture. Rising disposable salaries and lifestyle demographics in countries like Brazil, China, Russia and India has driven the segment growth and contributed largely towards global polyurethanes market share.
Coatings are extensively utilized in the automobile application, hardwood application and construction application to enhance product appearance and toughness. The segment is projected to register a CAGR of about 5.1% during forecast timeline.
Application Trends
The global polyurethane (PU) market is segmented into various applications like packaging, construction, electronics, automotive, footwear and furniture & interiors.
Construction application segment led the application segment with higher than 30.1% of global industry share for 2015. Rigid foams extensively used in construction segment as sealants, flooring substances and insulators are predicted to fuel segment growth. Rising significance for acoustic insulation and thermal insulation in homes for power conservation is projected to propel expansion of this application segment. Automotive application segment was evaluated at higher than $8.5 billion for 2015. Polyurethane foams have been mostly used in interior parts of automotive like roof liners, seats, instrument panels, armrests and headsets.
Packaging applications, footwear applications and electronics applications segments together contributed higher than 19.1% of global industry share for 2015.
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Regional Trends
The global polyurethane (PU) industry is segmented into various regions like North America, MEA, Europe, Asia-Pacific and Latin America.
Europe polyurethane (PU) industry was evaluated at greater than 4,700 kilotons for 2015. Favorable regulations for polyurethane insulation applications for insulating the houses of low-income group population in order to protect them from changing climatic conditions is projected to promote polyurethane insulation demand in the region.
Heavy construction expenditure in developing economies like South East Asia, China and India owing to rise in industrialization is anticipated to promote demand for polyurethane applications in Asia-Pacific during forecast timeframe.
Latin America, led by Brazil polyurethane (PU) market expansion, is anticipated to experience heavy industry growth during the forecast period. MEA, led by Saudi Arabia polyurethane (PU) industry, is projected to experience heavy gains during forecast timeline.
Competitive Trends
Key industry participants profiled in the report include Nippon Polyurethane Corporation Limited, Foamex Innovations, Dow Chemical Company, British Vita Unlimited, BASF, Huntsman Corporation, Bayer, Mitsui Chemicals Incorporation, Recticel SA and Woodbridge Foam Corporation.
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Partial Chapter of the Table of Content
Chapter 3 PU Industry Insights
3.1 Industry Segmentation
3.2 Industry Size and forecast
3.3 Industry ecosystem analysis
3.4 Industry Impact forces
3.4.1 Growth drivers
3.4.1.1 Increasing construction spending in emerging markets
3.4.1.2 Growing demand for light weight, high performance materials from automotive industry
3.4.1.3 Government support for energy efficiency
3.4.2 Industry pitfalls and challenges
3.4.2.1 Volatile raw material prices
3.5 Innovation and sustainability trends
3.5.1 Biobased polyurethane development
3.5.2 Biobased PU market potential
3.6 Growth potential analysis
3.7 Company market share analysis, 2015
3.8 Porter’s analysis
3.9 PESTEL analysis
Chapter 4 PU Product Insights
4.1 Global market volume share by product, 2015 & 2023
4.2 Rigid foam
4.2.1 Market estimates and forecast, 2012 – 2023
4.2.2 Market estimates and forecast, by region, 2012 – 2023
4.3 Flexible foam
4.3.1 Market estimates and forecast, 2012 – 2023
4.3.2 Market Market estimates and forecast, by region 2012 – 2023
4.4 Coatings
4.4.1 Market estimates and forecast, 2012 – 2023
4.4.2 Market estimates and forecast, by region 2012 – 2023
4.5 Adhesives & sealants
4.5.1 Market estimates and forecast, 2012 – 2023
4.5.2 Market estimates and forecast, by region 2012 – 2023
4.6 Elastomers
4.6.1 Market estimates and forecast, 2012 – 2023
4.6.2 Market estimates and forecast, by region 2012 – 2023
4.7 Others
4.7.1 Market estimates and forecast, 2012 – 2023
4.7.2 Market estimates and forecast,
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