#polyurethanes market

The global polyurethane market size is expected to reach USD 94.59 billion by 2028, registering a CAGR of 3.8% over the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for lightweight and high-performance composites from the automotive industry is driving the growth of the market. Polyurethane (PU) is widely used in automotive applications, such as seating, instrument panels, exterior panels, engine encapsulation, and cables & wires, as an alternative to metals. The utilization of Thermoplastic Polyurethane (TPU) in auto components can drastically decrease the overall weight of automobiles, which, in turn, limits fuel consumption.

Growing Corporate Average Fuel Economy (CAFE) has forced automobile manufacturers to seek innovative ways to limit fuel consumption. The low weight of vehicles is a crucial factor in these regulations due to the inherent correlation between mass and fuel consumption. Also, the reduction in mass at unhinged points facilitates reduction in noise & vibration and smoothens the ride. Auto manufacturers, for enhancing the performance of automobiles and following the trend of lightweight vehicles, are mainly focusing on auto components, which are manufactured from various types of plastics.

For improving fuel efficiency in vehicles, manufacturers have shifted toward using plastics in automotive components, such as instrument panels, exterior panels, automotive interiors, and engine cabins. This trend, coupled with growing automotive production, is expected to further drive the demand for polyurethanes in automotive applications, such as exterior body panels, engine encapsulation, and interior panels.

However, the Covid-19 outbreak has immensely affected the production of automobiles and disrupted the value chain of the automotive industry. Slowdown or halt in manufacturing activities and weak consumer sentiments are expected to affect the product demand in automotive applications.

The electronics & appliances application segment is anticipated to progress at a substantial growth rate over the forecast period. Polyurethane is used in the manufacturing of printed circuit boards, electronic housings, protective covers, and others. It offers lower unit costs and faster production while providing excellent general performance in electronic devices. Increasing importance for encapsulation of electronic components, such as circuits and sensors, is a major factor driving the product demand in electronics & appliances.

Request a free sample copy or view report summary: Polyurethane Market Report

Polyurethane Market Report Highlights

The global market was valued at USD 70.67 billion in 2020 and is estimated to grow at a CAGR of 3.8% from 2021 to 2028

In terms of revenue, rigid foam accounted for a prominent share in 2020 and is further expected to witness steady growth over the forecast period

The construction application segment dominated the global market and accounted for a revenue share of more than 26% in 2020

Asia Pacific accounted for more than 44% share of the global revenue. The robust manufacturing base of the automotive and electronics & appliances industries across China, India, South Korea, and Japan is anticipated to augment regional market growth in the near future

Various strategic initiatives were recorded over the past few years to boost the market growth

For instance, in January 2020, BASF SE announced a capacity expansion of its water-based PU dispersion by 30% located in Castellbisbal, Spain. This expansion will enable the company to cater to the growing product demand from the packaging, building & construction, and automotive industries

Polyurethane Market Segmentation

Grand View Research has segmented the global polyurethane market on the basis of product, application, and region:

PU Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

Rigid Foam

Flexible Foam

Coatings

Adhesives & Sealants

Elastomers

Others

PU Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

Furniture & Interiors

Construction

Electronics & Appliances

Automotive

Footwear

Packaging

Others

PU Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

North America

Europe

Asia Pacific

Central & South America

Middle East & Africa

U.S.

Canada

Mexico

Germany

France

Russia

Spain

U.K.

China

India

Japan

South Korea

Brazil

Saudi Arabia

List of Key Players of Polyurethane (PU) Market

Dow, Inc.

BASF SE

Covestro AG

Huntsman International LLC

Eastman Chemical Company

Mitsui & Co. Plastics Ltd.

Mitsubishi Chemical Corp.

Recticel NV/SA

Woodbridge

DIC Corp.

RTP Company

The Lubrizol Corp.

RAMPF Holding GmbH & Co. KG

Tosoh Corp.

About Grand View Research

Polyurethanes (PU) market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.

Browse the full report with a table of contents :  https://www.algororeports.com/reports/global-polyurethanes-pu-market-research-report-2017

Geographically, this report is segmented into several key Regions, with production,…

2017 Report: Global Polyurethanes Market Competition by Manufacturers

Global Polyurethanes market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including BASF Dow Chemical Bayer Huntsman NICE DECOR Kastalon Shandong Bluestar Dongda Chemical Co., Ltd. … Request a Sample at http://www.reportsweb.com/inquiry&RW0001841411/sample . Geographically, this report is segmented into several…

The Polyurethanes Market deals with the development and manufacture of polyurethane products which help makes lives easier and more convenient in an eco-friendly manner. Polyurethane is widely considered as one of the most extremely versatile polymers to exist right now. Polyurethane material is available in a wide variety of forms including foams and elastomers which can be rigid or flexible.

The end-products that result from polyurethane casting serve many consumer and industrial purposes lie building insulation, automotive seat material, soles in shoes, etc. Polyurethane plastic consist of organic material that are held together through carbamate bondage. Many experiments have already found that polyurethane material does not melt easily.

Scope & Regional Forecast of the Polyurethanes Market

The Polyurethanes Market attributes its consistent growth over the years to a few factors like: growth in public disposable income; rapidly evolving lifestyle changes; rising demand for higher quality furniture as more people are looking to lead a more convenient life; growing requirement for thermal insulation material as fossil fuel energy emissions gradually reduce; and rise in expenditure among emerging economies like India, Brazil and Qatar.

Currently, the Polyurethanes Market is dominated by demand emanating from the furniture and interior design industry. But, polyurethane manufacturers expect the construction industry to dominate the market share during the forecast period due to rising climate change awareness among the wider public. As various government initiatives aiming to improve energy efficiency and reduce fossil fuel usage get passed, the consumer and industrial sectors are gradually looking to meet their energy needs through more sustainable means. On the other hand, due to its eco-friendly and tough properties, polyurethane suppliers expect the consumer electronics to drive future growth in a significant manner.

Unsurprisingly, Asia-Pacific holds the highest share in the Polyurethanes Market due to the presence of enormous manufacturing hubs and conducive economic terms in the region. But once Donald Trump settles into his Presidency, North America is expected to gradually bump up its share through indigenous manufacturing efforts.

More info @ http://industryarc.com/Report/11682/polyurethanes-market-analysis.html

Segmentations & Key Players Involved in the Polyurethanes Market

According to IndustryARC findings, the Polyurethanes Market can be broken down into various segmentations on the basis of –

Product Type: Flexible Foam, Rigid Foam, Coatings, Adhesives, Sealants and Elastomers (CASE), Thermoplastic polyurethane (TPU), Binders, Elastomers and Others.

Industry: Apparels, Appliances, Automotive, Building and Construction (as Insulation), Electronics, Furnishings, Marine, Medical, Packaging and Others.

Geography: North America, Europe, Asia-Pacific and Rest of the World.

Some of the key players involved in the Polyurethanes Market according to IndustryARC are as follows:

Bayer MaterialScience AG

Chemtura Corporation

The Dow Chemical Co.

Nippon Polyurethane Industry Co., Ltd.

Huntsman Corporation

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MDI (Methylene diphenyl diisocyanate) and TDI (Toluene diisocyanate) are diisocyanates that are primarily used as raw materials insofar as polyurethanes. Polyurethanes are some of the most versatile polymers in existence today. They exist in a crore forms ranging from rigid foams up to asinine solid compositions and less compliant foams to elastomers. Polyurethanes are commercially available inflowing various forms, ranging from flexible or rigid scrub foams in tough, stiff, and strong elastomers. PU (Polyurethane) occurs in mainly two forms; PU foams and PU non foams. Rigid PU foams are used primarily as an insulation material mutual regard shaping and refrigeration applications seeing that Flexible PU foams are used mainly as a cushioning material in outlawry, furniture, bedding, carpet underlay, and packaging. Thermosetting elastomers and thermoplastic elastomers are main types of PU elastomers, of which thermosetting depository the largest market share of about 75%.<\p>

This sentence estimates the market size of MDI, TDI, and polyurethanes both in terms of volumes and revenue. The market has been contribute to segmented on the philosopheme of applications such by what mode rigid foams, and flexible foams, as well in such wise by end-use industries such as construction, automotives, and electronics. This alienation is given for major regions and key countries in those regions. Market drivers, restraints and challenges, raw material, and tally par trends are discussed in give in charge. Job share in uniformity with players for the on balance market is as well discussed passageway the on-dit. We have still profiled leading players pertaining to this industry including Huntsman, BASF, Mitsubishi, and others.<\p>

What makes our reports unique? We provide the longest market incoherence chain toward this industry. We replenish 10% customization. Our customization will patent that inner self necessarily get the market intelligence inner self are looking for and we get a complying customer. We conduct elaborate market collocation, product positioning and competitive positioning. Entry strategies, gaps and opportunities are identified for all the stakeholders. Comprehensive market forum for the following sectors: Pharmaceuticals, Medical Devices, Biotechnology, Semiconductor and Electronics, Main strength and Power Supplies, Food and Beverages, Chemicals, Transfigured Materials, Industrial Automation, and Telecom and IT. We also inspect retailers and super-retailers, field providers, and have a go and development (R&D) companies. Key questions answered What are market estimates and forecasts, in escalator clause of volumes and revenues for MDI, TDI and polyurethanes market? What and where are the opportunities? Which factors are driving market growth? Which are the wire-puller playing fields and winning-edge imperatives? What are the competitive landscapes; who are the main players in the polyurethanes market; what are their strategic directives, operational strengths? Who is doing what? What is the sales demand of MDI, TDI, and polyurethanes by various applications and end-use industries? What is the market size and forecast for key countries in North Oceania, Asia-Pacific and Europe?<\p>

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