Asia Pacific Polyurethane Market Sets New Record, Projected at US$ 59.45 Billion by 2032 at 5.6% CAGR

New York, April 28, 2024 (Polaris Market Research) According to a research report "Asia Pacific Polyurethane Market by Product (Rigid PU Foam, Flexible PU Foam, PU Coatings, PU Adhesives & Sealants, PU Elastomers), Application, Country - Global Forecast to 2032" published by Polaris Market Research, the market size for polyurethane in Asia Pacific is projected to reach approximately USD 59.45 billion by 2032, as compared to the estimated value of USD 36.56 billion in 2023, exhibiting a CAGR of 5.6% during the forecast period.

Polyurethane, commonly abbreviated as PU or PUR, refers to a class of polymers developed from the reaction of polyols and isocyanates. As a plastic material, polyurethane exists in various forms and appears in many everyday household items and machinery.

The properties of polyurethanes are primarily based on the way in which they are produced. One of the major advantages of polyurethanes is that they can made into foams, a highly desirable property. Also, high-density microcellular foams of the material can be developed in the absence of blowing agents.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/asia-pacific-polyurethane-market/request-for-sample

Polyurethanes find a wide range of applications across several sectors. They're used in the production of foams, garments, columns, door frames, and elastic straps and bands. Also, polyurethanes are widely utilized in seat cushions and couches, and the footwear industry. The expanding applications of polyurethane in the automotive sector for the production of gaskets, seals, and insulation materials is the primary factor driving the Asia Pacific Polyurethane Market growth. Besides, the shifting preference towards electric vehicles is impacting the industry demand favorably.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:

• BASF SE
• Covestro
• Dow Inc.
• Eastman Chemical Corporation
• INEOS
• LyondellBasell
• Mitsubishi Chemical Corporation
• Mitsui Chemicals Inc.
• The Rampf Holding GmbH
• Tosoh Corporation

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/3686/2

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭

• Rigid PU Foam
• Flexible PU Foam
• PU Coatings
• PU Adhesives & Sealants
• PU Elastomers
• Others

𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

• Automotive
• Appliances
• Construction
• Electronics
• Furnishing
• Footwear
• Packaging
• Others

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/asia-pacific-polyurethane-market

𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐏𝐨𝐥𝐲𝐮𝐫𝐞𝐭𝐡𝐚𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• The flexible polyurethane (PU) foam segment held the dominating revenue share in the region in 2023. This is attributed to the vast applications of PU foam in industries such as automotive, furniture and bedding, and packaging.

• In 2023, the Asia Pacific region witnessed the construction industry as the foremost application area for polyurethane due to the growing need for polyurethane materials in multiple construction applications, such as insulation, sealants, adhesives, and coatings.

• India is expected to witness a considerable CAGR in the forecast period. This growth is attributed to several factors, such as the rising demand from end-use industries like the construction, automotive, and home furnishing sectors.

• The key market players include BASF SE, Covestro, Eastman Chemical Corporation, INEOS, Mitsubishi Chemical Corporation, LyondellBasell, Mitsui Chemicals Inc., Tosoh Corporation, Dow Inc., The Rampf Holding GmbH, etc.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

𝐏𝐨𝐫𝐜𝐞𝐥𝐚𝐢𝐧 𝐄𝐧𝐚𝐦𝐞𝐥 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3417692/protective-packaging-medical-packaging-films-market-industry

𝐏𝐲𝐫𝐨𝐠𝐞𝐧 𝐓𝐞𝐬𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3417705/data-powerhouse-vector-database-market-segmentation-insights

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐌𝐑𝐎 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3417714/empowering-ai-ai-toolkit-market-growth-projection-2024-2032

𝐔𝐫𝐛𝐚𝐧 𝐀𝐢𝐫 𝐌𝐨𝐛𝐢𝐥𝐢𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3417727/electrifying-flight-aircraft-electrification-market-size

𝐂𝐥𝐢𝐧𝐢𝐜𝐚𝐥 𝐓𝐫𝐢𝐚𝐥 𝐏𝐚𝐭𝐢𝐞𝐧𝐭 𝐑𝐞𝐜𝐫𝐮𝐢𝐭𝐦𝐞𝐧𝐭 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3417747/fluid-dynamics-aircraft-hydraulic-systems-market-development

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

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This release was published on openPR.