Press release
Polyurethane Global Market By Product Type, Application, Insights, Trends, Opportunities And Regional Forecast 2023-2032 | BASF SE, Covestro, Huntsman Corp., Eastman Chemical Co., Mitsui Chemicals, Inc.
As per the polyurethane market report by The Business Research Company, 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.
The global polyurethane market size will grow from $77.6 billion in 2022 to $88.34 billion in 2023 at a compound annual growth rate (CAGR) of 13.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global polyurethane market size is expected to grow from $143.8 billion in 2027 at a CAGR of 13.0%.
Read More On The Polyurethane Market Report Here:
https://www.thebusinessresearchcompany.com/report/polyurethane-global-market-report
Major competitors in the polyurethane market include 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 polyurethane market is segmented -
• By Product Type: Coatings, Adhesives and sealants, Flexible and rigid foams, Elastomers, Other Product Types
• By Raw Material: MDI, TDI, Polyols
• By End User Industry: Furniture, Construction, Electronics & Appliances, Automotive, Footwear, Other End Use Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. Asia-Pacific was the largest region in the Polyurethane market.
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Polyurethane refers to a form of plastic polymer material that is used to produce modern, versatile, and safe consumer and industrial products that are environmentally friendly. Polyurethane is formed by reacting a polyol (an alcohol with more than two reactive hydroxyl groups per molecule) with a diisocyanate or a polymeric isocyanate in the presence of suitable catalysts and additives. They are also widely used in medical devices such as pacemakers, artificial hearts, and other blood-contacting applications.
The Table Of Content For The Polyurethane Market Include:
1. Executive Summary
2. Polyurethane market Characteristics
3. Polyurethane market Trends And Strategies
4. Polyurethane Market - Macro Economic Scenario
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
The "Global Polyurethane Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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