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
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Polyurethanes market may surpass USD 75 billion by 2023 according to this new research report. Rising need for energy conservation and low greenhouse gas emissions shall drive polyurethanes market. It has application in automotive, furniture, interiors, electronics and packaging industry. Properties such as high performance and light weight contribute to increasing demand in electronics and automotive industry for refrigeration insulation, interior trims and seat cushioning.
The product is used in construction sector for insulation. Government support to infrastructure development in emerging economies has facilitated construction industry growth, that has propelled the product demand. Global construction spending was more than USD 8 trillion in 2015 and is expected to surpass USD 10 trillion during forecast period. China, India, Brazil and Mexico are key contributors in the industry.
Increase in automotive demand with recent inclination towards light weight vehicles to enhance fuel efficiency will boost polyurethanes market. Corporate average fuel economy (CAFE) has supported better efficiency in automobiles that has augmented the manufacturers to adopt advanced materials. In 2014, automobile segment registered sales over 65 million units that provide a positive outlook to industry.
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Strict government regulations pertaining to materials recyclability has given opportunities for innovations in bio based products. Decrease is MDI, PDI and polyol cost owing to weakened crude oil industry may hamper polyurethanes market growth. Further, profitability is expected to increase with recent crude recovery.
Construction contributes majorly and accounted for more than 30% of overall industry share with application in flooring, sealants and insulators. It is used in gaps to prevent air and water leakage. Rising importance for energy conservation has given a positive outlook to polyurethanes market.
Asia Pacific has significant share and will witness steady growth with rise in construction spending in China, India and Japan. China polyurethanes market was valued at over USD 1 billion in 2015.
Polyurethanes market is consolidated with some major players in the industry holding significant share. Certain key players include DOW Chemicals, Bayer, BASF and Huntsman Corporation. Other key players are Nippon, Mitsui Chemicals, Recticel, British Vita unlimited and Foamex Innovations.
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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, by region 2012 - 2023
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