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 that 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 automobiles, 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 are 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, the burgeoning penetration of bio-based polyurethane due to growing environmental concerns will further boost the market growth during the forecast period.
Rapid Industrialization and Construction in emerging economies
Burgeoning penetration of polyurethane among various end-users
Fluctuation in petroleum prices
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 a 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.
The global polyurethane market has been analyzed through the following segments:
Flexible Polyurethane Foam
Rigid Polyurethane Foam
By Product Form
CASE (Coatings, Adhesives, Sealants, and Elastomer)
Building and Construction
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What will be the polyurethane market size by 2024?
A1. The polyurethane market is projected to reach a market size of US$84.055 billion in 2024.
Q2. What is the size of the global polyurethane market?
A2. Polyurethane Market was valued at US$58.732 billion in 2018.
Q3. What are the growth prospects for the polyurethane market?
A3. The global polyurethane market is projected to grow at a CAGR of 6.16% during the forecast period.
Q4. Which region holds the maximum market share of the polyurethane market?
A4. Geographically, Asia Pacific is estimated to hold a significant share of the polyurethane market on account of growing industrialization and building and construction activities in the region.
Q5. What factors are anticipated to drive the polyurethane market growth?
A5. High demand from major end-user segments such as automobiles, fast-moving consumer goods, building and construction, and electronics is driving the polyurethane market growth.
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. GLOBAL POLYURETHANE MARKET BY TYPE
5.1. Flexible Polyurethane Foam
5.2. Rigid Polyurethane Foam
5.3. Thermoplastic Polyurethane
6. GLOBAL POLYURETHANE MARKET BY PRODUCT FORM
7. GLOBAL POLYURETHANE MARKET BY APPLICATION
7.2. Building and Construction
8. GLOBAL POLYURETHANE MARKET BY GEOGRAPHY
8.1. North America
8.2. South America
8.3.3. United Kingdom
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.5. Asia Pacific
8.5.3. South Korea
9. COMPETITIVE INTELLIGENCE
9.1. Company Benchmarking and Analysis
9.2. Recent Investment and Deals
9.3. Strategies of Key Players
10. COMPANY PROFILES
10.1. BASF SE
10.2. The Dow Chemical Company
10.3. Covestro AG
10.4. Huntsman International LLC
10.5. Eastman Chemical Company
10.6. Mitsui Chemicals, Inc.
10.7. Mitsubishi Chemical Co., Ltd.
10.8. Tosoh Corporation
10.9. DIC Corporation
10.10. PSI Urethanes, Inc.
10.12. PRECISION URETHANE
10.13. Koninklijke DSM N.V.
10.15. Merck KGaA
LIST OF FIGURES
LIST OF TABLES
The Dow Chemical Company
Huntsman International LLC
Eastman Chemical Company
Mitsui Chemicals, Inc.,
Mitsubishi Chemical Co., Ltd.
PSI Urethanes, Inc.
Koninklijke DSM N.V.
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