Press release
Polyurethane Market 2018-2024 | key players Bayer, BASF, Huntsman, Dow, Foamex Innovations, British Vita Unlimited, Nippon, Woodbridge Foam Corporation, Recticel, Nippon and Mitsui Chemicals
GMI
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Polyurethane (PU) Market size is estimated to exceed USD 75 billion by 2023; according to a new research report by Global Market Insights, Inc. Rising demand for sustainable, high efficiency and innovative products along with extensive polymer R&D is driving the polyurethanes market. Increasing awareness pertaining to energy conservation and growing GHG emissions concerns are the key factors enhancing industry growth.
Polyurethanes market observed significant demand from construction, automotive and furniture industry. Increasing infrastructure spending coupled with government compliance in construction industry will drive the PU market growth. High performance parameters and light weight properties led to increasing usage in refrigeration insulation, seat cushioning and interior trims.
Automotive polyurethanes market will witness growth at over 4% by 2023. Increasing automobile applications including instrument panels, exterior panels, engine encapsulation and seating as a better substitute over other conventional materials will support the application scope. Expansion in construction industry particularly in the U.S. is the key factor influencing the industry growth. U.S. polyurethanes rigid foam market will witness gains at over 4% in revenue terms. Rigid foam is widely used as insulation to reduce thermal losses and conserve energy.
Europe, led by Germany, UK and Italy is estimated to generate revenue worth over USD 20 billion by 2023. EU promotions for energy efficient households is the key stimulating factor driving regional demand. Germany automotive applications are estimated to witness CAGR at over 3% up to 2023. High R&D investments and huge automobile manufacturers fueled the product demand. APAC polyurethanes market revenue was over USD 20 billion in 2015. The region will witness notable growth due to rapid industrialization and urbanization along with increasing construction spending particularly in China, India and South East Asia.
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Global polyurethanes market share was consolidated with the leading multinational corporations. Bayer, Dow Chemical Company, Huntsman Corporation and BASF are the chief industry participants. Mitsui Chemicals, British Vita Unlimited, Nippon, Recticel, Woodbridge Foam Corp and Foamex Innovations are the other industry players.
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
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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
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
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Email: sales@gminsights.com
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