Polyols and Polyurethane Market – Research Report
This 290 page report gives readers a comprehensive overview of the Polyols and polyurethane Market. Browse through 169 data tables and 189 figures to unlock the hidden opportunities in this market.
In terms of volume, polyether polyols accounted for the largest share of global polyols market in 2014. Polyester polyols was the other significant product segment of the polyols market in 2014. Flexible foam was the largest product segment of the global polyurethane market, holding over 35% share in 2014. Rigid foams was the second-largest product segment of the polyurethane market followed by coatings, elastomers, adhesives and sealants, and others. The polyols and polyurethane market exhibits high degree of backward integration as major producers are engaged in upstream activities. This backward integration provides market players with distinct competitive advantage in terms of steady raw material supply.
Demand for polyols and polyurethane is primarily fueled by growth in furniture and interiors, construction, and automotive industries globally. Rise in demand for furniture and interiors, especially in Asia Pacific, has boosted demand for polyols and polyurethane in the region. Polyols and polyurethane are extensively used in furniture and interior applications. Furthermore, growing awareness about bedding and mattresses, particularly in Asia Pacific, is likely to increase demand for polyurethane in the next few years.
Furniture and interiors was the largest end-user of polyurethane followed by building and construction and automobile industries. Polyurethane is widely used in the furniture and interior industry as a material of choice for producing mattresses, cushions, etc. Polyurethane rigid foam is extensively used as insulation material in building and construction. Polyurethane is also used in the production of automotive interiors and cushions used in seats; hence, growth of the market is closely related to growth in the automobile industry. Additionally, growth in the building and construction industry, especially in Asia Pacific, is projected to be one of the key factors driving the polyols and polyurethane market during the forecast period.
Asia Pacific and Europe were key markets for polyols and polyurethane in 2014. Asia Pacific was the largest regional market for polyols and polyurethane in 2014 with over 35% share of total consumption. Leading manufacturers of polyols and polyurethane focus on capacity expansion in Asia Pacific to meet rising demand for these products across the globe. Recent growth in furniture, construction, and automobile industries is a major factor anticipated to fuel demand for polyols and polyurethane in the region. Thus, growth in the global furniture and interiors industry in emerging as well as developed economies is likely to boost demand for polyols and polyurethane in the next few years.
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Recently, there has been growing impetus toward customer retention and providing quality products. New market opportunities are available for polyols and polyurethane products, particularly in Asia Pacific. Thus, companies are keen to establish themselves in the market. Key players operating in the polyols and polyurethane market include BASF SE, Bayer MaterialScience, Huntsman Corporation, and The Dow Chemical Company.
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