Press release
Polyurethane Market to Hit USD 87.54 billion, at a CAGR of 5.3% from 2023-2029
Polyurethane Market
Polyurethanes are thermosetting polymers, and they do not melt when exposed to heat. Polyurethane (PU or PUR) is a polymer having links of isocyanate and polyols arranged in an alternate manner, which is formed by the reaction between isocyanate and polyols. It is available in two types, namely, thermosetting polymer and thermoplastic polymer. It is widely used in manufacturing gaskets, elastomers, high-performance adhesives, surface coating, polyurethane sealant and synthetic fibers. In addition to this, the increasing use of innovative production technologies with advanced features is anticipated to impact the Polyurethane Market positively. For example, the development of TPU and PU acrylate oligomers that are blended and radiation-cured to achieve semi-interpenetrating polymer networks (IPN).
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✦ Polyurethane Market Drivers:
Throughout the forecast period, the market is anticipated to be driven by the expanding demand for polyurethane from the packaging, construction and automotive industries. The construction industry is expanding quickly due to solid market fundamentals for commercial real estate and rising state and federal funding for public works and institutional projects.
The South San Francisco Civic Center campus, LaGuardia Airport Construction Project, O'Hare Airport Construction Project and Second Avenue Subway Construction Project are just a few of the ongoing U.S. construction projects that are expected to increase demand for polyurethane in the construction industry over the coming years.
✦ Polyurethane Market Restraints:
The risky impact of polyurethane on the environment could limit market expansion. Due to the industrial release of TDI, which pollutes the air, the raw materials used to make polyurethane, such as MDI and TDI, are considered environmentally hazardous. After evaluating and checking the TDI levels, Environment Canada and Health Canada concluded that their concentration harms human health.
Environment Canada has released a Pollution Prevention (P2) Planning Notice to ensure proper environmental management of TDI discharges. Additionally, landfills have been outlawed in Europe, specifically for waste tires and PU products, to fully utilize PU's enormous potential as a coal-alternative energy source and reduce environmental pollution.
Prominent Key players of the Polyurethane Market survey report:
Historical data available in the report elaborates on the development of the Polyurethane on national, regional and international levels. Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Market are - Dow Inc., BASF SE, Covestro AG, Huntsman International LLC, Eastman Chemical Company, Mitsui & Co. Plastics Ltd., Mitsubishi Chemical Corporation, Recticel NV/SA, Woodbridge, DIC Corporation, RTP Company, The Lubrizol Corporation, RAMPF Holding GmbH & Co.
Polyurethane Market Recent Developments
July 2022: DIC acquired a Chinese coating resin manufacturer named Guangdong TOD New Material Co. Ltd. The acquisition helped DIC Corporation expand its Asian market capacity for different resins, including acrylic, alkyd, polyester, urethane, and epoxy.
February 2022: BASF SE and NEVEON collaborated on mattress recycling. BASF was developing a wet chemical recycling process for used mattresses made of PU, whereby new beds can be made using alternative polyurethane.
Polyurethane Market Segmentation:
Polyurethane Market by Material Type, 2023-2029, (USD Million)
» Polyol
» MDI
» TDI
» Others
Polyurethane Market by Product Type, 2023-2029, (USD Million)
» Flexible Foam
» Rigid Foam
» Coating
» Adhesive and Sealants
» Elastomers
» Others
Polyurethane Market by End User, 2023-2029, (USD Million)
» Building and Construction
» Automotive and Transportation
» Bedding and Furniture
» Footwear
» Appliances and White Goods
» Others
The regional outlook by revenue covers the countries namely:
✦ North America (United States, Canada and Mexico)
✦ Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
✦ Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
✦ South America (Brazil, Argentina, Colombia, and Rest of South America)
✦ Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
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Key Features of the Polyurethane Market Report: -
⇨ Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.
⇨ Examine the market opportunities for stakeholders by identifying higher growth sections.
⇨ To study and analyse the global Polyurethane industry status and forecast including key regions.
⇨ An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.
⇨ It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.
⇨ It helps you make strategic business decisions and investment plans.
Competitive Landscape
Competition has been growing for the Polyurethane industry as the supply and demand has been on an increasing trend sine past decade. This report gives a detailed analysis of the presence of various small, medium and micro enterprises in the industry of numerous scales, their relative sizes, product offerings, and market positions in the pre and post pandemic situations. Additionally, the report provides an overview of the competitor strategy with regards to business and corporate office and functions have been provided. The report also mentions about the operations, technology infrastructure, marketing strategies and financial capabilities. Thus, the report gives a very good understanding of the market to the shareholders and stakeholders from an overall perspective.
Highlight the Following Key Factors:
► Business Description: a particular description of agency operations and enterprise departments.
► Company Strategy: The analyst's precis of the company's commercial enterprise strategy.
► SWOT Analysis: Detailed evaluation of the company's strengths, weaknesses, opportunities, and threats.
► Company History: The development of predominant occasions associated to the company.
► Main merchandise and services: A listing of the company's fundamental products, services, and brands.
► Main Competitors: A listing of the company's fundamental competitors.
► Important places and subsidiaries: The company's major places and subsidiaries' listing and contact information.
► Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.
Table of Contents
Global Polyurethane Market Research Report 2023-2029
1 Polyurethane Market Overview
1.1 Product Overview and Scope of Polyurethane
1.2 Polyurethane Segment by Type (Product Category)
1.3 Global Polyurethane market Segment by Application
1.4 Global Polyurethane Market by Region (2023-2029)
1.4.1 Global Polyurethane Market Size (Value) and CAGR (%) Comparison by Region (2023-2029)
1.4.2 North America Status and Prospect (2023-2029
1.4.3 Europe Status and Prospect (2023-2029)
1.4.4 China Status and Prospect (2023-2029)
1.4.5 Japan Status and Prospect (2023-2029)
1.4.6 Southeast Asia Status and Prospect (2023-2029)
1.4.7 India Status and Prospect (2023-2029)
1.5 Global Market Size (Value) of Polyurethane (2023-2029)
1.5.1 Global Polyurethane Revenue Status and Outlook (2023-2029)
1.5.2 Global Polyurethane Capacity, Production Status and Outlook (2023-2029)
…
Why Choose Polyurethane Market Report?
✔ Unbiased conclusions and market insights
✔ 24×7 customer service available to address client queries
✔ Highly efficient and experienced team of analysts striving to create top-quality reports
✔ Our reports have facilitated the growth of over 500 companies
✔ The systematic and methodical market research process
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Thank you for your interest in the Polyurethane Market research publications; you can also get individual chapters or regional/country report versions such as Germany, France, China, Latin America, GCC, North America, Europe or Asia.
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