Press release
Polyurethane Processing Machine Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Linde plc, The FRIMO Group, Rim Polymer Industries Pte. Ltd., KraussMaffei Group GmbH
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2604The Business Research Company offers in-depth market insights through Polyurethane Processing Machine Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The polyurethane processing machine market size has grown strongly in recent years. It will grow from $3.77 billion in 2023 to $3.97 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to growing industrialization, innovation in material applications, automotive industry expansion, construction boom, consumer goods manufacturing, regulatory standards and compliance.
The polyurethane processing machine market size is expected to see strong growth in the next few years. It will grow to $4.83 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to rising demand in end-user industries, sustainable practices, urbanization and infrastructure development, customization and specialized applications, globalization of supply chains. Major trends in the forecast period include automation and industry 4.0 integration, energy efficiency and sustainability, customization and flexibility, digitalization and smart manufacturing, material innovations, strategic partnerships and collaborations.
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Market Segmentation:
The polyurethane processing machine market covered in this report is segmented -
1) By Type: High Pressure, Low Pressure
2) By Product: Dosing Systems, Mixing Heads, Metering Equipment, Foaming Equipment, Other Products
3) By End-Use: Construction, Automotive, Medical, Consumer Products, Other End Uses
Major Driver - Increasing Construction Of Residential And Commercial Buildings Propels The Polyurethane Processing Machine Market
The increasing construction of residential and commercial buildings is expected to boost the growth of the polyurethane processing machine market going forward. The construction sector refers to the area of business and manufacturing that is concerned with building, preserving, and fixing infrastructure. Polyurethane rigid foam is crucial to the structural integrity of both commercial and residential structures in the construction sector. It decreases noise while also offering excellent insulation for walls, doors, and windows. Hence, the increased construction of residential and commercial buildings is will lead to an increase in the demand for polyurethane processing machines. For instance, according to a 2022 report published by the bureau of economic analysis (BEA), a US-based government organization that provides official macroeconomic and industry statistics, the size of the US construction industry increased from $1.916 trillion in the first quarter of 2021 to $2.016 trillion in the first quarter of 2022. Therefore, the increasing construction of residential and commercial buildings is driving the growth of the polyurethane processing machine market.
Competitive Landscape:
Major companies operating in the polyurethane processing machine market report are Linde plc, The FRIMO Group, Rim Polymer Industries Pte. Ltd., KraussMaffei Group GmbH, Hennecke GmbH & Co. KG, Graco Inc., Saip S.u.r.l., LEWA GmbH, Polytec Industrial GmbH & Co. KG, AutoRIM GmbH, Cannon USA Inc., Covestro AG, Kymofoam Inc., Zhejiang Lingxin Machinery Co. Ltd., Advanced Connectivity Systems Inc., Airgain Inc., Alpha Wire, Amphenol PCD Inc., Apcom Inc., Arrisoft Inc., AVX Corporation, Belden Inc., Huntsman Corporation, BASF SE, Mitsui Chemicals Inc., Evonik Industries AG, Wanhua Chemical Group Co. Ltd., Air Liquide S.A., Praxair Technology Inc., Baumer Holding AG .
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Top Trend - Product Advancements To Sustain Market Position
Product advancements are the key trend gaining popularity in the polyurethane processing machine market. Major companies operating in the polyurethane processing machine market are focusing on developing advanced products to sustain their market position. For instance, in October 2021, Huntsman Corporation, a US-based manufacturer and marketer of chemical products, launched the ACOUSTIFLEX LE and RUBIFLEX LE, a new range of low-emission polyurethane systems for automotive interiors. These cutting-edge technologies enable global foam producers and automotive formulators to create high-performance polyurethane foams while drastically lowering interior emissions levels to satisfy OEM regulations. The first fully commercialized technologies on the market are the line of low-emission polyurethanes from ACOUSTIFLEX LE and RUBIFLEX LE. These goods were created for components used in sound insulation and seating for automobiles. They are frequently employed in the production of a wide variety of industry-standard automobile components, simplifying supply chains and reducing the variety of PU materials that companies must buy.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Polyurethane Processing Machine Market Characteristics
3. Polyurethane Processing Machine Market Trends And Strategies
4. Polyurethane Processing Machine Market - Macro Economic Scenario
5. Polyurethane Processing Machine Market Size And Growth
…..
27. Polyurethane Processing Machine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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