Polyol and Polyurethane Market
Polyol and Polyurethane Market (Product Type: Polyether Polyols and Polyester Polyols; Application: Flexible Foams, Rigid Foams, Coatings, Adhesive & Sealants, and Elastomers; End-user: Furniture and interiors, Construction, Electronics and Appliances, Automotive, Footwear, Packaging, Industrial Insulation, Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027
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Global Polyol & Polyurethane Market: Snapshot
The polymers that are formed by the reaction of diphenylmethane diisocyanate (MDI) or isocyanate such as toluene di-isocyanate (TDI) with polyols are polyurethanes. Polyurethanes are available in several forms such as elastomers, flexible foams, rigid forms, and solid compositions. Polyurethanes have several end-user applications such as automobiles, sculptures, furniture, decorative, boats, water vessels, adhesives and water, electronic components, and building and construction. Polyols are one of the key constituents used in the synthesis of polyurethanes and are significantly related to trends in the polyurethanes market.
This market research study offers an in-depth examination of the global polyols and polyurethane market and a comprehensive analysis of the market environment, focusing on factors promoting growth, restraints, and, trends and opportunities. The report sheds light on resultant product applications and associated industries. The worldwide comprehensive study illuminates actionable data regarding strategies employed by market vendors to gain traction in the market and to review the entry points of new players. Intensive guidelines on the global market for global polyols and polyurethane market during the forecast duration are provided by the market intelligence survey. The global market for polyols will rise at a healthy CAGR of 4.55% during the forecast period of 2019 to 2027. Its valuation in revenue was calculated to be US$ 24.4 bn in 2018 and is expected to reach US$ 36.4 bn by 2027. Whereas, the global market for polyurethane is expected to rise at a CAGR of 5.43% by 2027 and is estimated to reach a value of US$ 94.4 bn.
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High Demand from Furniture to Bolster Polyurethane Segment
The polyurethanes market is segmented on the basis of product types, application, and geographical regions. In the end user section, polyurethane is in highest demand due to the furniture and interior segment. Polyurethanes such as Flexible Polyurethane Foam (FPF) are highly demand for home furnishing products due to its flexibility and durability properties. FPF is suitable for items such as carpet underlay, bedding, and furniture. They are followed by construction and automotive industries and are in third place. Polyurethane is the prominent material for the production of pillows, mattresses and other stuff in the furniture and interior industries. Also commonly used as an isolation material in construction and design is polyurethane rigid foam.
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Demand from Developing Industries to Boost Global Polyols and Polyurethane Market
The increase demand in construction industries, furniture and interiors, and flourishing automotive is likely to boost the polyols and polyurethane market in the forecast period. Rise in demand for furniture in developing regions due to significant rise in construction to improve economy will boost the market remarkably in the coming years. The manufacturers are engaging in providing their consumers quality products so as to increase the demand in the market and to retain them. The qualities of polyurethane such as resistance to hot and cold conditions, weather changes, oil and solvents, wear and tear, and abrasion is likely increase its demand in the market. The multiple uses of polyols and polyurethane by various end users will also increase its demand globally. The primary reason for demand of polyols and polyurethane is its usage in automotive, construction, furniture, and interior industries globally. Strong growth of construction industries is the major reason for growth in the market. These factors are anticipated to boost the polyols and polyurethane market globally during the forecast period.
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Key Players in the Global Polyol & Polyurethane Market
Some of the key players operating in the global Polyol & Polyurethane Market are
- Mitsui Chemicals Inc.
- Huntsman Corporation
- BASF SE
- Chemtura Corporation
- The Dow Chemical Company
- Bayer MaterialScience.
Global Polyol & Polyurethane Market: Recent Developments
- On September 2019, MOL and Thyssenkrupp started construction of a new polyol complex. The MOL Group is investing a total of $ 1.3 billion in a new polyol plant complex in Hungary. It is expected to be commissioned in 2021 and will produce around 200,000 tons of polyols per year.
- On September 2019, Huntsman Corp. announced the opening of its new polyurethanes systems house in Dubai. Situated within the Jebel Ali Free Trade Zone (JAFZA), the purpose-built facility strengthens Huntsman’s downstream capabilities in the Middle East and North Africa – increasing its capacity to produce polyurethane systems and polyester
Polyol & Polyurethane Market – Scope of the Report
Transparency Market Research’s recent report on the global Polyol & Polyurethane Market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the global Polyol & Polyurethane Market analyzes the market scenario for the period from 2018 to 2027, wherein 2018 is the base year. This report enables readers to make important decisions with regard to their business, with the help of a wealth of information enclosed in the study.
This TMR study on the global Polyol & Polyurethane Market also provides data on developments made by important players and stakeholders operating in the market, along with competition analysis. The report also provides an understanding of strengths, weaknesses, threats, and opportunities, along with market trends and restraints in the competition landscape section.
This study also discusses the underlying trends and the impact of various factors on the global Polyol & Polyurethane Market along with their influence on evolution of the market
This study also offers Porter’s five forces analysis, value chain analysis, and regulatory scenario of the global Polyol & Polyurethane Market, in order to elaborate crucial growth strategies of and opportunities for players operating in the market
Key Questions Answered in Global Polyol & Polyurethane Market Report
- How much value does the global Polyol & Polyurethane Market is expected to reach by the end of the forecast period?
- Which segment currently account for the maximum share of the global Polyol & Polyurethane Market?
- What are the key factors expected to drive the global Polyol & Polyurethane Market?
- Which region is likely to be a lucrative market for wax during the forecast period?
- What are the essential strategies adopted by key players operating in the global Polyol & Polyurethane Market to expand their geographical presence?
- What are major advancements in the global Polyol & Polyurethane Market?
This report answers these questions about the global Polyol & Polyurethane Market, aiding major stakeholders and key players in making the right decisions and strategizing for growth of their business
Global Polyol & Polyurethane Market: Research Methodology
This TMR report on the global Polyol & Polyurethane Market is based on a complete and comprehensive evaluation of the market, backed by secondary and primary sources. The competition scenario of the global Polyol & Polyurethane Market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and the current trends, researchers of the global Polyol & Polyurethane Market arrived at predictions and estimations, and calculated the market forecast.
This report uses an analytical triangulation method to estimate the numbers of the global Polyol & Polyurethane Market, by using both bottom-up and top-down approaches
This detailed assessment of the global Polyol & Polyurethane Market, along with an overview of the market, is provided based on a careful examination of avenues related to the market. Analysts’ conclusions on how the global Polyol & Polyurethane Market is set to expand are based on carefully vetted primary and secondary sources.
Global Polyol & Polyurethane Market: Segmentation
This report on the global Polyol & Polyurethane Market provides segmentation of the market based on type, application, end-user, and region