Polyurethanes Market analysis report-construction industry finds major applications, 2017 - 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@
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
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:
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.
View Press Release Published:
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.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Polyurethanes Market analysis report-construction industry finds major applications, 2017 - 2023 here
News-ID: 591050 • Views: 337
More Releases from Global Market Insights, Inc
Global Hydraulic Hoist Market 2019 by regional trend & growth forecast to 2025 | …
Global Market Insights has recently added Hydraulic Hoist Market report which mentions valuable insights pertaining to market share, profitability graph, market size, SWOT analysis, and regional proliferation of this industry. The Asia Pacific regional Hydraulic Hoist Market is predicted to have the lion's share, in the entire forecast period. This regional market might cross USD 140.0 million till 2025, at CAGR more than 5.9%. The North America
Pharmacovigilance Outsourcing Market Growth Analysis by Product, Application, In …
U.S. pharmacovigilance outsourcing market dominated North America region and was valued at USD 783.2 million revenue in 2017 and is estimated to witness similar trend during the forthcoming years. The high growth is attributed to strong foothold of major pharma and medical device companies coupled with extensive drug development activities in the U.S. Moreover, high healthcare expenditure in the country and growing concern regarding drug safety and adverse drug reactions
United Rentals | Construction Equipment Rental Market 2024 | Top Manufacturers U …
Construction Equipment Rental Market in Asia Pacific is expected to reach over USD 40 billion by 2024. The emerging trend of the organizations toward renting of heavy construction equipment will have a positive impact toward the industry demand. Rising wage rates in China coupled with the changing consumption patterns are generating a huge demand for the rental machinery. Construction Equipment Rental Market to cross $140 billion by 2024.
Automated Breast Ultrasound Systems Market Demand, Growth, Opportunities, Top Ke …
Automated Breast Ultrasound Systems Market size was valued over USD 590 million in 2017 and is expected to witness more than 16.0% CAGR from 2018 to 2024. The inception of automated breast ultrasound system (ABUS) market has completely revolutionized the diagnostic approach of breast cancer. Indeed, the increasing incidence of breast cancer across the world in the recent past has also added a dimension of growth to this industry. ABUS
More Releases for Polyurethane
Global Thermoplastic Polyurethane Elastomers Regional Outlook 2019
The global Thermoplastic Polyurethane Elastomers market is valued at million US$ in 2018 is expected to reach million US$ by the end of 2025, growing at a CAGR of during 2019-2025. This report focuses on Thermoplastic Polyurethane Elastomers volume and value at global level, regional level and company level. From a global perspective, this report represents overall Thermoplastic Polyurethane Elastomers market size by analyzing historical data and future prospect. Regionally, this
Soft Polyurethane Wheeled Castors from Elesa
Continuously moving loads will benefit from these soft polyurethane wheeled castors from Elesa as their 75 Shore A moulded-on wheels coupled to ball bearing hubs give exceptionally smooth rollability coupled with excellent maneuverability and zero maintenance. The RE.F2-N castors and wheels are suitable for tiled or cement-resin floors. With a robust pressure die cast aluminium wheel body they provide a capacity of up to 2000N – well suited to light industrial
Polyurethane Elastomers Market Insights, Forecast to 2025
Global Polyurethane Elastomers market size will increase to Million US$ by 2025, from Million US$ in 2017, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Polyurethane Elastomers. This report researches the worldwide Polyurethane Elastomers market size (value, capacity, production and consumption) in key regions like United
Polyurethane Insulation Global Market Research Report 2018
GET SAMPLE REPORT @ https://www.research2reports.com/sample-report-chemical/polyurethane-insulation-market/79613 Polyurethane Insulation Report by Material, Application, and Geography � Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China). The report firstly introduced the Polyurethane Insulation basics: definitions, classifications, applications and market overview; product specifications;
Advancements in Bio-Based Polyurethane Market | 2019
Polyurethanes are used in a wide range of industrial applications due to their chemical versatility, high performance and low cost. They find use in building and construction, consumer products, furniture and fixtures, transportation and in industrial applications. Polyurethane is traditionally a downstream derivative of crude oil, rendering it susceptible to the crude oil market fluctuations. Moreover in this age of the consumers, and the global inclination towards green products and
Global Bio Polyurethane (Bio-based Polyurethane) Market 2018 - BASF, Lubrizol
Apex Market Reports, recently published a detailed market research study focused on the “Bio Polyurethane (Bio-based Polyurethane) Market” across the global, regional and country level. The report provides 360° analysis of “Bio Polyurethane (Bio-based Polyurethane) Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend