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Polyurethanes Market analysis report-construction industry finds major applications, 2017 - 2023

06-22-2017 08:54 AM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights, Inc

Polyurethanes Market analysis report-construction industry

Global Market Insights has announced the addition of a new study based report "Polyurethanes (PU) Market Size By Product (Flexible Foams, Rigid Foam, Adhesives & Sealants, Elastomers, Coatings), By Application (Construction, Automotive, Furniture & Interiors, Electronics, Footwear, Packaging), Industry Analysis Report, Regional Outlook (U.S., Germany, Italy, UK, China, India, Japan, Indonesia, Brazil, Saudi Arabia), Bio-based PU Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023".

Polyurethane (PU) Market size is estimated to exceed USD 75 billion by 2023; according to a new research report by Global Market Insights, Inc.

Rising demand for sustainable, high efficiency and innovative products along with extensive polymer R&D is driving the polyurethanes market. Increasing awareness pertaining to energy conservation and growing GHG emissions concerns are the key factors enhancing industry growth.

Request for a sample pages from this research@
www.gminsights.com/request-sample/detail/387

Polyurethanes market observed significant demand from construction, automotive and furniture industry. Increasing infrastructure spending coupled with government compliance in construction industry will drive the PU market growth. High performance parameters and light weight properties led to increasing usage in refrigeration insulation, seat cushioning and interior trims.

Reasons to Buy This Report
1. Polyurethanes market size & forecast by product & application
2. Growth drivers, pitfalls & industry challenges
3. Key Polyurethanes market growth opportunities & emerging
business models
4. Competitive benchmarking with market share analysis and company profiles

Increasing innovations in bio-based PU due to government regulations on recyclability of materials will open new opportunities for polyurethanes market growth.

Polyurethanes market witnessed increased emphasis in automotive industry, owing to its low weight properties. Low weight automobiles and reduced harmful emissions are the emerging automobile trends encouraging the industry demand.

Automotive polyurethanes market will witness growth at over 4% by 2023. Increasing automobile applications including instrument panels, exterior panels, engine encapsulation and seating as a better substitute over other conventional materials will support the application scope.

Construction polyurethanes market share was the major contributor, accounted for around 30% of the overall industry in 2015. Rising demand from acoustic and thermal insulation in households for effective energy conservation will enhance the industry demand. Varying MDI, PDI and polyol prices due to fluctuating crude oil index and stringent regulations on petrochemical based products are the major challenges of the industry.

Rigid PU foam market will witness growth at over 4% by 2023. Increasing insulation uses due to rising awareness regarding energy conservation and carbon emissions will positively influence the product demand. Flexible PU foam market generated worth more than USD 13 billion revenue in 2015. Changing lifestyle and increasing consumer affordability led development in mattress and automotive seating applications, which will fuel the flexible foam penetration.

Browse Polyurethanes (PU) Market Report Summery:
https://www.gminsights.com/industry-analysis/polyurethane-PU-market-report

Expansion in construction industry particularly in the U.S. is the key factor influencing the industry growth. U.S. polyurethanes rigid foam market will witness gains at over 4% in revenue terms. Rigid foam is widely used as insulation to reduce thermal losses and conserve energy.

Europe, led by Germany, UK and Italy is estimated to generate revenue worth over USD 20 billion by 2023. EU promotions for energy efficient households is the key stimulating factor driving regional demand. Germany automotive applications are estimated to witness CAGR at over 3% up to 2023. High R&D investments and huge automobile manufacturers fueled the product demand.

APAC polyurethanes market revenue was over USD 20 billion in 2015. The region will witness notable growth due to rapid industrialization and urbanization along with increasing construction spending particularly in China, India and South East Asia.

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Global polyurethanes market share was consolidated with the leading multinational corporations. Bayer, Dow Chemical Company, Huntsman Corporation and BASF are the chief industry participants. Mitsui Chemicals, British Vita Unlimited, Nippon, Recticel, Woodbridge Foam Corp and Foamex Innovations are the other industry players.

About Global Market Insights, Inc.:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/

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