The market has accounted for USD 43.50 billion in 2016 and is projected to grow at a CAGR of 5.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Polyurethane Market, By Raw Material (MDI, TDI, Polyols), By Product Type (Coatings, Adhesives & Sealants, Flexible & Rigid Foams, Elastomers), By End User (Building & Construction, Automotive & Transportation, Bedding & Furniture)By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
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Market Definition: Global Polyurethane Market
Polyurethane is a polymer composed of organic units joined by carbamate links. While most polyurethanes are thermosetting polymers that do not melt when heated, thermoplastic polyurethanes are also available.
Polyurethane polymers are traditionally and most commonly formed by reacting a di- or poly-isocyanate with a polyol. There is a growing demand for polyurethane in building & construction, automotive & transportation and bedding & furniture industrial activates, which is expected to be one of the major drivers of the market over the next seven years.
Major market drivers:
- Growing demand for light weight, high performance materials from automotive sector
- Government support for energy efficiency
- Memory foam revived the bedding segments
- Versatility and unique physical properties of polyurethane
- Increasing use of polyurethane in refrigeration applications
- Exposure risks and environmental concerns
- High demand for acid-epoxy coatings
- Volatile raw material prices
The polyurethane market is segmented on the basis of raw material into MDI, TDI, polyols and others.
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On the basis of product type, the market is segmented into coatings, adhesives & sealants, flexible & rigid foams, elastomers and others.
On the basis of end-user, the market is segmented into building & construction, automotive & transportation, bedding & furniture and others.
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On the basis of geography, the polyurethane market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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Major Market Competitors: Global Portable Gas Chromatograph Market
Major Market Players in the Market:
- BASF SE
- CangzhouDahua Group Co. Ltd.
- Chematur Engineering AB
- Coim Group
- Covestro AG
- Huntsman Corporation
- KUMHO MITSUI CHEMICALS CORP.
- Mitsui Chemicals
- Northern Plastics Ltd.
- Polycoat Products
- Polyurethane Specialties
- Seksui Chemical Co. Ltd.
- Shanghai Donga Polyurethane Co. Ltd.
- Tosoh Corporation
- Trelleborg AB
- Wanhua Chemical Group Co., Ltd.
- Covestro AG
- The DOW Chemical Company
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