Polyurethane Global Market Industry Analysis, Size, Share, Growth, Trends, By Product Type, By Application, Competition, Growth Opportunities, Regional Outlook, and Forecast 2022-2031

The global polyurethane market report by the business research company identifies the adoption of polyurethane in home furnishings is driving the polyurethane market. Furniture manufacturing companies are enhancing comfort, durability, health, and safety by using flexible polyurethane foam (FPF) as a cushioning material for upholstered furniture, bedding, and carpet underlay. Furthermore, with the introduction of an advanced manufacturing process, polyurethane form provides more uniform, predictable, and durable end products. For instance, according to American Chemistry Council, it is proven that FPF when compressed by 90% for 22 hours, could recover more than 90% of its original height, which is highly durable than any other form of furniture material. Moreover, completely cured polyurethane products are considered to be inert and safe and were concurred by the U.S. EPA (Environmental Protection Agency). The durability, comfort, and safety provided by polyurethane continue to be the major reasons for use in the furniture industry, thereby, driving the demand of the polyurethane industry going forward.

The global polyurethane market size is expected to grow from $67.27 billion in 2021 to $78.01 billion in 2022 at a compound annual growth rate (CAGR) of 16.0%. The global polyurethane market size is expected to grow to $136.65 billion in 2026 at a CAGR of 15.0%.

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Asia Pacific was the largest region in the polyurethane market in 2021. North America was the second-largest region in the global polyurethane market. The regions covered in the global polyurethane market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Major players in the polyurethane market are The Dow Chemical Company, BASF SE, Covestro, Huntsman Corp, Eastman Chemical Co, Mitsui Chemicals, Inc, DIC Corp, Nippon Polyurethane Industry Corp Ltd, Recticel S.A, and Woodbridge Foam Corp.

The global polyurethane market is segmented -
1) By Product Type: Coatings, Adhesives and sealants, Flexible and rigid foams, Elastomers, Other Product Types
2) By Raw Material: MDI, TDI, Polyols
3) By End User Industry: Furniture, Construction, Electronics & Appliances, Automotive, Footwear, Other End Use Industries

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The Polyurethane Report Contents Include
1. Executive Summary
2. Polyurethane Market Characteristics
3. Polyurethane Market Trends And Strategies
4. Impact Of COVID-19 On Polyurethane
5. Polyurethane Market Size And Growth
......
26. Africa Polyurethane Market
27. Polyurethane Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Polyurethane Market
29. Polyurethane Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the polyurethane in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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