Polyurethane Market to grow at a CAGR of 6.2% by 2029

Polyurethane is most commonly used in the building and construction industries, where it is used in a variety of household, commercial, and industrial applications. Polyurethane is widely used in building and construction applications due to its excellent strength-to-weight ratio, insulation properties, durability, and versatility.

Data Bridge Market Research analyses that the polyurethane market to grow at a CAGR of 6.2% during the forecast period. Data Bridge Market Research report on Polyurethane market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market's growth.

Market Definition

Polyurethane (also known as polymeric material) is made from a variety of starting materials, which is why it is classified as a polymer rather than a distinct compound. It is available in rigid and flexible forms and is used in a wide range of applications that make our lives more comfortable and environmentally friendly due to factors such as easy availability, low cost, ease of use, and recyclability.

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Recent Development

Coverstro planned to increase production capacity in December 2021 by establishing new thermoplastic polyurethane plants on the Shanghai site. The plant is scheduled to be finished in 2023.
Huntsman will open its plant in Taiwan in October 2020, along with a 3,600 square metre polyol plant and downstream polyurethanes capabilities.
Huntsman completed the acquisition of Icynene-Lapolla in February 2020. Huntsman will benefit from the acquisition as it expands its downstream polyurethanes business in North America.
Huntsman increased its polyurethane production capacity in September 2019 with the opening of a new facility in Dubai.
Global Polyurethane Market Scope
The polyurethane market is segmented on the basis of material type, product type and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material Type

Polyol
MDI
TDI
Others
On the basis of material type, the polyurethane market is segmented into polyol, MDI, TDI and others.

Product type

Flexible foam
Rigid foam
Coating
adhesive and sealants
Elastomers
Others
Based on product type, the polyurethane market is segmented into flexible foam, rigid foam, coating, adhesive and sealants, elastomers and others.

End user

Building and construction
Automotive and transportation
Bedding and furniture
Footwear
Appliances and white goods
Others

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Competitive Landscape and Polyurethane Market Share Analysis
The polyurethane market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to polyurethane market.

Some of the major players operating in the polyurethane market are:

BASF SE (Germany)
The Dow Chemical Company (U.S.)
INEOS( Switzerland)
SABIC (Saudi Arabia)
LyondellBasell Industries Holdings B.V.( the Netherlands)
DuPont (U.S.)
Royal Dutch Shell plc ( the Netherlands)
Bayer AG ( Germany)
Clariant ( Switzerland)
Huntsman International LLC (U.S.).

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