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Synopsis of Polyurethane MarketThe global demand of Polyurethane Market is expected to rise to USD 81,700.6 million in 2022 with CAGR of 6.51% during 2016-2022. Polyurethane is versatile plastic polymer available in various forms right from rigid foam, flexible foam to strong and hard elastomers. Thus, this leads to usage of Polyurethane in variety of consumer and industry applications such as thermal insulation in building, refrigerators, household furniture, shoes, packaging plastics etc. Owing to its properties Polyurethane can be molded to any shape to enhance its industrial applications by providing comfort, style and convenience to one’s life. Polyurethane are widely used in construction and infrastructure activity. Thus, growing demand of polyurethane owing to durability with low thermal conductivity and ability to withstand external impacts is augmented to drive the overall market. Further, increasing demand of high performance and lightweight interior components, cushion foams in automotive parts to foster energy saving will fuel the demand for Polyurethane Market growth.
Product Segment Analysis:
On basis of product, Polyurethanes are segmented into rigid foam, flexible foam, coatings, adhesives & sealants, elastomers, others. Rigid foam is widely used in insulations to increase building energy efficiency. These key properties helping the rigid foam market to grow in coming years. Flexible foams are expected to dominate the product demand owing to easy insulation in electronic appliances and construction industry. Elastomers possess high flexibility and strong impact & shock resistance which widely used in high performance materials. Thus, it is being emerging as faster growing segment in end user industries. Innovation in coatings and development of bio based Polyurethane is anticipated to drive the demand in developed regions.
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Regional Analysis:
Geographically, Asia-Pacific region represents highest market share in the Global Polyurethane followed by Europe and North America. China is largest producer and consumer of polyurethane owing to skilled labor, easy availability of raw materials and lenient government regulations. Countries like India are the growing market for polyurethane due to favorable government regulations along with Make in India campaign started recently to foster the manufacturing activities in country.
Major players in automobile and construction industry are adopting low cost technology along with lightweight material for production. Hence, polyurethane market is anticipated to witnessed sustainable growth over the forecasted period.
North America and Europe region being prominent players in automobile and consumer appliances drive the insulators and sealants for energy efficiency in polyurethane market over the forecasted period. Rising government initiatives for Green Building in Europe and North America is also expected to drive the polyurethane market growth.
Key Points from Table of Contents:
10 Company Profile
10.1 BASF SE (Germany)
10.1.1 Company Overview
10.1.2 Product/Business Segment Overview
10.1.3 Financial Updates
10.1.4 Key Developments
10.2 The Dow Chemical Company (U.S)
10.2.1 Company Overview
10.2.2 Product/Business Segment Overview
10.2.3 Financial Updates
10.2.4 Key Developments
10.3 Huntsman International LLC (U.S)
10.3.1 Company Overview
10.3.2 Product/Business Segment Overview
10.3.3 Financial Updates
10.3.4 Key Developments
10.4 Tosoh Corporation (Japan)
10.4.1 Company Overview
10.4.2 Product/Business Segment Overview
10.4.3 Financial Updates
10.4.4 Key Developments
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