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Published Date: 2015-09-24Number of Pages: 290

Polyols and Polyurethane Market for Furniture and Interiors, Construction, Electronics & Appliances, Automotive, Footwear, Packaging, Industrial Insulation and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Global Polyols and Polyurethane Market: Snapshot

Polymer products, polyols and polyurethane, find widespread applications across the world. Polyether polyols and polyester polyols are some of the commercially available polyol products. Coatings, flexible foam, adhesives and sealants, rigid foam, elastomers, etc. are some of the commercially available polyurethane products.

Globally, the market for polyols and polyurethane has been receiving a major boost from the flourishing automotive, furniture and interiors, and construction industries globally. Soaring demand for furniture and interiors, particularly in Asia Pacific where the construction industry has literally exploded on account of the improving economy in most nations, has provided a solid fillip to the global market for polyols and polyurethane. Supply limitation and price volatility of raw materials are some of the crucial challenges the market is struggling to overcome.

The market for polyols and polyurethane showcases high degree of backward integration as most prominent manufacturers are involved in upstream activities. This backward integration offers the various players in the market with a solid competitive edge vis-à-vis steady supply of raw materials. Currently, the main thrust has been on retention of customers and offering quality products.

A report by Transparency Market Research forecasts the market for polyols will to rise at a steady 4.7% CAGR from 2015 to 2023 to reach a value of US$ 25.29 bn by 2023 from US$ 16.67 bn in 2015. The report predicts the market for polyurethane to expand at a slightly higher CAGR of 5.9% from 2015 to 2023 to reach a value of US$ 80.76 bn in 2023.

Furniture and Interior Industry Drives up Demand for Polyurethane

The two main types of polyols in the market are polyether polyols and polyester polyols. Among the two, polyether polyols dominate the market in terms of volume. The main types of polyurethane are flexible foams, coatings, rigid foams, adhesives and sealants, and elastomers. Of them, flexible foam holds maximum share in the global polyurethane market. In 2014 it accounted for more than 35% share in the market. Rigid foams comes second in terms of market share and is trailed by coatings, elastomers, adhesives and sealants.

In terms of end users, the furniture and interiors segment generates maximum demand for polyurethane. They are followed by building and construction sectors and automobile segments comes in third. Polyurethane finds application in furniture and interior industry as the primary material for manufacturing cushions, mattresses, and other things. Polyurethane rigid foam is also widely used as an insulation material in building and construction.

Automotive interiors and seats cushions are made from polyurethane. Hence with a burgeoning automotive industry worldwide the market has been seeing a constant upswing.

Building and Construction Industry Boosting Market in Asia Pacific

Geographically, the key segments in the global polyols and polyurethane market are Asia Pacific, North America, Europe, Latin America, and the Middle East and Europe. Asia Pacific and Europe are considered the main markets. The phenomenal growth in the building and construction industry along with the automobile industry are primary factors propelling the market in Asia Pacific. In 2014, Asia Pacific accounted for 35% share in the overall market. Asia Pacific holds out a strong promise for polyols and polyurethane products and companies are rushing in to establish capacities in the region.

The Middle East and Africa is also a key market in terms of demand and going forward will likely expand at a healthy pace vis-à-vis volume.

Demand for polyols and polyurethane is primarily due to growth in packaging and agriculture industries across the globe. Asia Pacific dominates the global market for polyols and polyurethane. This report analyzes, estimates, and forecasts demand for polyols and polyurethane on a global and regional level for an eight-year period from 2015 to 2023 in terms of volume and revenue. The report also provides information on restraints, drivers, and opportunities along with their impact on the overall market during the forecast period. The report segments the market based on application and region and offers estimates and forecast of the polyols and polyurethane market for each segment.

The study analyzes the product value chain, beginning with feedstock up to end-use. Additionally, it evaluates the market based on Porter’s Five Forces Model, which analyzes the degree of competition in the market by considering factors such as bargaining power of buyers and suppliers as well as threat of substitute products and new entrants. The report includes a detailed competitive landscape of the polyols and polyurethane market. It comprises market share analysis of companies and profiles of key market participants.

Inflation is not a part of pricing in the report. Prices of polyols and polyurethane vary across each region. Considering that different end-users use different types of products, pricing for each application varies according to regions while estimating and forecasting market revenue on the global basis. The regional average price has been considered while breaking down the market by end-user application in each region. The market size of the global polyols and polyurethane market has been presented in terms of both volume and revenue. Market volume is provided in kilo tons, while market revenue is in US$ Mn. Market numbers are provided based on product types and applications in the context of the global and regional market. Numbers provided in the report are derived based on demand for polyols and polyurethane in various end-user industries across different regions. All prices have been considered as FOB prices. Market revenue has been calculated based on sales and consumption trends. All US$ exchange rates are as of 2014. Regional consumption pattern has been considered while estimating the market for various end-users of polyols and polyurethane in different regions. Company market share has been derived by considering numerous factors such as sales and revenues,  capacities,  geographical presence, integration across value chain, information available through primary research, and similar other factors. The market has been forecast based on constant currency rates. Packaging segment includes storage containers, food containers, films, caps & closures, personal care packaging, bottles, and drink cups.

The report provides a decisive view of the polyols and polyurethane market by segmenting the market based on product types and applications. Polyols product segments analyzed in this report include polyether polyols and polyester polyols. Based on applications, the polyol market is segmented into flexible foams, rigid foams, coatings, adhesives and sealants, and elastomers. Polyurethane product segments analyzed in this report include flexible foams, rigid foams, coatings, adhesives and sealants, elastomers, and others (including, RIM, binders etc.). Based on applications, the polyurethane market is segmented into furniture and interiors, construction, electronics and appliances, automotive, footwear, packaging, industrial insulation, and others. These product and application segments for polyols and polyurethane have been analyzed based on present and future trends, and the market has been estimated from 2015 to 2023.

The polyols and polyurethane market is segmented based on geography into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In terms of revenue and consumption, the polyols and polyurethane market for each application type and each of these regions has been forecast in the report from 2015 to 2023.

Leading manufacturers profiled in the report include BASF SE, Bayer MaterialScience, Huntsman Corporation, Chemtura Corporation, Mitsui Chemicals Inc., and The Dow Chemical Company. These companies are profiled in detail with features such as company overview, financial overview, business strategies, and recent developments.

The polyols and polyurethane market has been segmented as follows:

Global Polyols Market – Product Segment Analysis

  • Polyether polyols
  • Polyester polyols

Global Polyols Market – Application Analysis

  • Flexible foams
  • Rigid foams
  • Coatings
  • Adhesives and sealants
  • Elastomers

Global Polyols Market – Regional Analysis

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • U.K.
    • Russia
    • France
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA

Global Polyurethane Market – Product Segment Analysis

  • Flexible foams
  • Rigid foams
  • Coatings
  • Adhesives and sealants
  • Elastomers
  • Others (Including RIM, binders, etc.)

Global Polyurethane Market – Application Analysis

  • Furniture and interiors
  • Construction
  • Electronics and appliances
  • Automotive
  • Footwear
  • Packaging
  • Industrial insulation
  • Others (Including, medical, etc.)

Global Polyurethane Market – Regional Analysis

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • U.K.
    • France
    • Russia
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA


 
 
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