Category

Global Polyurethane Market Size, Share, Opportunities And Trends By Type (Flexible Polyurethane Foam, Rigid Polyurethane Foam, Thermoplastic Polyurethane, Others), By Product Form (Foam, Resin, CASE (Coatings, Adhesives, Sealants, And Elastomer)), By Application (Automotive, Building And Construction, Furnishing, Electronics, Packaging, Others), And Geography - Forecasts From 2019 To 2024

Published: Mar 2020 | Report Code:  KSI061612371 | Pages:  98

The Global polyurethane market is projected to grow at a CAGR of 6.16% to reach US$ 84.055 billion in 2024 from US$58.732 billion in 2018. Polyurethane is a plastic material which exists in various forms. It is versatile and is used in a wide variety of applications to create all kinds of consumer and industrial products. High demand from major end-user segments such as automobile, fast moving consumer goods, building and construction, and electronics is driving the polyurethane market growth. Rapid urbanization in the developing economies is leading to an increased demand for furnished and other consumer products that is significantly boosting the demand for polyurethane solutions. Geographically, Asia Pacific is estimated to grow at a good rate on account of growing industrialization and building and construction activities in the region. Also, burgeoning penetration of bio-based polyurethane due to growing environmental concern will further boost the market growth during the forecast period.

DRIVERS

Rapid Industrialization and Construction in emerging economies

Burgeoning penetration of polyurethane among various end-users

RESTRAINTS

Fluctuation in petroleum prices

INDUSTRY UPDATE

In October 2018, Covestro AG invested $1.7 billion in MDI so as to strengthen its position in MDI globally.

 In August 2018, MCNS Polyurethanes India inaugurated ceremony for its newly commissioned polyurethane system in Sri City, India.

The major players profiled in the global polyurethane market include BASF SE, The Dow Chemical Company, Covestro AG, Huntsman International LLC, Eastman Chemical Company, Mitsui Chemicals, Inc., Mitsubishi Chemical Co., Ltd., Tosoh Corporation, DIC Corporation, PSI Urethanes, Inc., LANXESS, PRECISION URETHANE, Koninklijke DSM N.V., SKF, and Merck KGaA.

Segmentation

The global polyurethane market has been analyzed through the following segments:

By Type

Flexible Polyurethane Foam

Rigid Polyurethane Foam

Thermoplastic Polyurethane

Others

 

By Product Form

Foam

Resin

CASE (Coatings, Adhesives, Sealants, and Elastomer)

 

By Application

Automotive

Building and Construction

Furnishing

Electronics

Packaging

Others

By Geography

North America

USA

Canada

Mexico

 

South America

Brazil

Argentina

Others

 

Europe

Germany

France

United Kingdom

Others

 

Middle East and Africa

Saudi Arabia

Israel

Others

 

Asia Pacific

China

Japan

South Korea

India

Others

 

Target audience

Manufacturers

Suppliers

Distributors

Service Providers

Government Agencies

Research Organizations

Consultants

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