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.
The Global Polyurethane Market 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.
Also the 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.
There is a growing demand for polyurethaneinbuilding & 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.
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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
- Highdemand for acid-epoxy coatings
- Volatile raw materialprices
Market Segmentation: Global Polyurethane Market
The polyurethane market is segmented on the basis of raw materialinto MDI, TDI,polyols and others.
On the basis of product type, the market is segmented intocoatings, adhesives & sealants, flexible & rigid foams, elastomersand others.
On the basis of end-user, the market is segmented intobuilding & construction, automotive & transportation, bedding & furnitureand others.
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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Competitive Landscape: Global Polyurethane Market
The global polyurethane market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global Polyurethane Market
Some of the major players in polyurethane market BASF SE,CangzhouDahua Group Co. Ltd., Chematur Engineering AB, LANXESS, Coim Group,CovestroAG, FXI, Huntsman Corporation, KUMHO MITSUI CHEMICALS CORP., Mitsui Chemicals, Northern Plastics Ltd., Polycoat Products, Polyurethane Specialties, Recticel, Seksui Chemical Co.
Ltd., Shanghai Donga Polyurethane Co. Ltd., Tosoh Corporation, Trelleborg AB, Wanhua Chemical Group Co., Ltd., Covestro AG, The DOW Chemical Companyand many more.
TABLE OF CONTENTS
- Market Segmentation
- Executive Summary
- Market Overview
- Premium Insights
- Global Thermoplastic Polyurethane Market, By Product Type
- Global Thermoplastic Polyurethane Market, By Raw Material
- Global Thermoplastic Polyurethane Market, Company Landscape
- Company Profile
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