Polyurethane World Market 2018 Share, Production and Consumption Analysis, Brands Statistics and Overview by Top Manufacturers 2023

Global Polyurethane Market Information- by Product (Rigid Foam, Flexible Foam, Coatings, Adhesives & Sealants, Elastomers, Others), by End User Industry (Construction, Furniture, Automotive, Electronics appliances, Footwear, Packaging, Others) and by Region - Forecast till 2022

Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Polyurethane market size is expected to grow at ~ 24.2 million tons by 2022.

Polyurethane Market Players-
BASF SE (Germany), The Dow Chemical Company (U.S), Huntsman Corporation (U.S), Eastman Chemical Company (U.S.), Nippon Polyurethane Industry Co. Ltd. (Japan), Woodbridge Foam Corp. (Canada), Foamex Innovations (U.S), Covestro (Germany), Lubrizol Corporation (Japan), DIC Corporation (Japan) and others.

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Polyurethane Market Synopsis-

The market witnessed escalating growth owing to high demand of lightweight and durable materials in end user industries such as construction, automotive, electronics appliances, furniture, footwear, packaging. Further, increasing demand of high performance and lightweight interior components, cushion foams in automotive parts to foster energy saving will fuel the demand for polyurethane market growth. Polyurethane do not melt on heating which is why called as thermosetting polymers. This is also expected to drive the product demand in market

Segmentation-
On basis of product, Polyurethanes are segmented into rigid foam, flexible foam, adhesives & sealants, coatings, elastomers and other products. Rigid foam is widely used in insulations to increase building energy efficiency. These key properties helping the rigid foam market to grow in coming years. Flexible foams are expected to dominate the product demand owing to easy insulation in electronic appliances and construction industry. Elastomers possess high flexibility and strong impact & shock resistance which widely used in high performance materials. Thus, it is being emerging as faster growing segment in end user industries. Innovation in coatings and development of bio based polyurethane is anticipated to drive the demand in developed regions

Major Findings-

• The global Polyurethane market is expected to reach USD 81,700.6 million by 2022
• Regionally, Asia-Pacific has the largest market of USD 28,111.2 million by 2022
• China accounted for the largest market share of 54.00% in 2014, with a market value of USD 9,710.6 Million is projected to grow at the highest CAGR of 6.94% during the forecast period. Japan was the second-largest market in 2014, valued at USD 4,495.7 Million in 2014; it is projected to grow at a CAGR of 6.69%.
• Construction segment accounted for the largest market share registering CAGR of 7.07% during the forecasted period.
• On basis of type segment, Rigid Foam holds the market share of 31% in 2015

Intended Audience
• Polyurethane manufacturers
• Traders and distributors of Polyurethane
• Production Process industries
• Potential investors
• Raw material suppliers
• Nationalized laboratory

Polyurethane Industry Regional Insights-

The market is classified and analyzed on the basis of various geographic segmentation which includes; Americas, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific Polyurethane market is dominating market over the forecasted period. Rapid industrializations, favorable government regulations and increase in per captia income will significantly grow the Polyurethane market in emerging economies such as China, India and Japan.

U.S is dominating segment owing to key players in these regions has shifted their production in developing regions to trapped the competitive market. Automobile sector in these region is growing rapidly which led to rise in product segment in these regions. Manufacturers are adopting low cost technology along with lightweight materials like flexible foams in order to increase fuel efficiency

North America and Europe region being prominent players in automobile and consumer appliances drive the insulators and sealants for energy efficiency in polyurethane market over the forecasted period

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of key vendors

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Study Objectives of Polyurethane Market-
• To understand the supply and demand dynamics including supply and consumption concentration mapping
• To provide region level market analysis and future outlook for North America, Europe, Asia, and Rest of the World (ROW) and their countries
• To provide competitor positioning of the market
• To provide company profiling of major players in the market along with their production and capacity
• To provide regional trade analysis
• To evaluate historical market trends, patents and technologies, and current government regulatory requirements that are relevant to the market

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This release was published on openPR.