Polyurethane Market - Snapshot

Polyurethanes are widely utilized polymers. They are formed through the reaction of diisocyanates with polyols in the presence of other chemicals. Polyurethanes are used across the globe in almost all industries including furniture, construction, electronics, automotive, footwear, and packaging. Coatings, adhesives & sealants, and elastomers are key product segments of the global polyurethane market.

Key end-user of polyurethanes include building & construction, packaging, transportation, consumer goods, infrastructure, renewable energy & waste management system, health care & personal care, and agriculture & food. Polyurethanes are extensively utilized in building & construction and transportation sectors. Rise in the preference for sustainability is expected to propel the demand for polyurethanes in the near future. Increase in the demand for flexibility and durability also fuels the global polyurethane market. Manufacturers are focused on the production of rigid and flexible foams. Polyurethane is easily mixed with other raw materials which is used in numerous high end-end applications. Automotive manufacturers improve quality, safety, and cost effectiveness of modern vehicles by incorporating polyurethanes in automobiles.

polyurethane market

Developing economies in Asia Pacific such as China and India are major producers as well as consumers of polyurethane products. Polyurethane is employed as a raw material in the manufacture of flexible and rigid foams. Additionally, it is used in coatings, adhesives, and sealants. Flexible and rigid foams are key product segments of the global polyurethane market. However, volatility in raw material prices and rise in the demand for acid–epoxy coatings led by their low cost and high performance may restrain the global polyurethane market during the forecast period. Moreover, less harm caused to the environment fuels the use of acid–epoxy coatings. Nevertheless, rise in the preference for bio-based polyurethane fuels the market. Additionally, inclination of consumers toward waterborne and UV-cured polyurethane dispersions is increasing, due to diverse range of applications such as wood floors, kitchen cabinets, and furniture. These dispersions offer high performance with minimal number of process-related issues and nearly zero emission of volatile organic compounds (VOCs).

Based on raw material type, the global polyurethane market has been classified into toluene diisocyanate (TDI), methylene diphenyl diisocyanate (MDI), and others (including polyols and HDI). MDI is widely used to produce polyurethane. It is extensively employed in various applications, due to its excellent insulation property.

In terms of product type, the global polyurethane market has been divided into coatings, adhesives & sealants, flexible foams, rigid foams, elastomers, and others (including monomers and resins). Flexible foams is expected to be the major segment of the market during the forecast period. Flexible foams are employed to manufacture furniture and lightweight accessories used in automotive and transportation sectors. The rigid foams segment accounts for a significant market share, due to wide usage of rigid foams in the construction industry.

In terms of end-user, the global polyurethane market has been segmented into bedding & furniture, building & construction, appliances & white goods, automotive & transportation, footwear, and others (including packaging and sports accessories). The bedding & furniture segment accounted for a major share of the global market in 2017. It is estimated to be a rapidly expanding segment during the forecast period, owing to rising consumption of polyurethane as a raw material in the manufacture of cushions and furniture. Additionally, growth of the automotive & transportation industry is propelling the demand for polyurethanes. Furthermore, the appliances & white goods industry in Asia Pacific and Latin America is expanding at a rapid pace.

Based on region, the global polyurethane market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In terms of value, Asia Pacific dominated the global market in 2017. The region is projected to lead the global polyurethane market in the next few years. The market in Asia Pacific is likely to expand rapidly during the forecast period. Growth in population is fueling the consumer goods industry in the region. This, in turn, is driving industries in Asia Pacific such as bedding & furniture and building & construction. Commercially, polyurethane is widely used as a raw material to produce furniture. Polyurethane-based rigid foams are widely used in wall foundation in the construction sector. Growth of the building & construction industry in developing economies such as China and India is a major factor boosting the demand for polyurethane in Asia Pacific. North America and Europe are mature markets for polyurethane. The market in these regions is anticipated to expand at a moderate pace, due to presence of key manufacturers. The polyurethane market in Middle East & Africa and Latin America is expected to expand substantially during the forecast period, due to presence of developing economies and growth of building & construction and bedding & furniture industries in these regions.

High degree of competition exists among players operating in the global polyurethane market. The market is dominated by large players that are technologically advanced. The polyurethane market is capital- and technology-intensive. Prominent players operating in the global polyurethane market and profiled in the report are Covestro AG, Huntsman Corporation, RTP Company, BASF SE, LANXESS, Mitsui Chemicals, Inc., DowDuPont, Tosoh Corporation, The Lubrizol Corporation, Perstorp, Manali Petrochemicals Ltd., Wanhua Chemical Group Co., Ltd., and Woodbridge Foam Corporation.

Polyurethane Market - Overview 

Polyurethanes are widely utilized polymers. They are formed through the reaction between diisocyanates and polyols in the presence of other chemicals. Polyurethanes are used across the globe in almost all industries including furniture, construction, electronics, automotive, footwear, and packaging. Coatings, adhesives & sealants, and elastomers are key product segments of the global polyurethane market.

Based on raw material type, the global polyurethane market has been segmented into toluene diisocyanate (TDI), methylene diphenyl diisocyanate (MDI), and others (including polyols and HDI). MDI is widely used to produce polyurethane. It is extensively employed in various applications, due to its excellent insulation property. In terms of product type, the global polyurethane market has been divided into coatings, adhesives & sealants, flexible foams, rigid foams, elastomers, and others (including monomers and resins). Flexible foams is expected to be the major product type segment of the global polyurethane market during the forecast period. It is also estimated to be a rapidly expanding segment during the forecast period, owing to high consumption of polyurethane as a raw material in the furniture industry.

In terms of end-user, the global polyurethane market has been segregated into bedding & furniture, building & construction, appliances & white goods, automotive & transportation, footwear, and others (including packaging and sports accessories). The bedding & furniture segment accounted for a major share of the global market in 2017. It is estimated to be a rapidly growing segment during the forecast period, owing to high consumption of polyurethane as a raw material to manufacture cushions and furniture.

Based on region, the global polyurethane market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is projected to lead the global market in the next few years. The market in the region is likely to expand at a rapid pace during the forecast period.

The report analyzes and forecasts the polyurethane market at the global and regional levels. The market has been projected in terms of revenue (US$ Mn) and volume (kilo tons) from 2018 to 2026. The study includes drivers and restraints of the global polyurethane market. It also covers the expected impact of these drivers and restraints on the demand for polyurethane during the forecast period. The report also highlights growth opportunities for the polyurethane market at the global and regional levels.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global polyurethane market. Porter’s five forces model for the polyurethane market has also been included to help understand the competition landscape of the market. The study encompasses market attractiveness analysis, wherein raw material type, product type, and end-user segments have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global polyurethane market by segmenting it in terms of raw material type, product type, end-user, and region. These segments have been analyzed based on the present and future trends. Regional segmentation includes current and future demand for the polyurethane in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The study includes profiles of major companies operating in the global polyurethane market. Key players profiled in the report are Covestro AG, Huntsman Corporation, RTP Company, BASF SE, LANXESS, Mitsui Chemicals, Inc., DowDuPont, Tosoh Corporation, The Lubrizol Corporation, Perstorp, Manali Petrochemicals Ltd., Wanhua Chemical Group Co., Ltd., and Woodbridge Foam Corporation. Market players have been profiled in terms of company overview, business strategies, and recent developments.

The report provides size (in terms of value and volume) of the polyurethane market for the base year 2017 and the forecast for the period between 2018 and 2026. The market value has been provided for the global, regional, sub-regional, and country-level markets. Market numbers have been estimated based on raw material type, product type, end-user, and region. The market size and forecast for each raw material type, product type, and end-user segment have been provided for the global and regional markets.

Key Takeaways

  • Extensive analysis of market trends from 2017 to 2026 to identify growth opportunities and market developments
  • Analysis of raw material types and product types of polyurethane and end-users wherein polyurethane is employed
  • Identification of key factors useful to build a roadmap of upcoming opportunities for the polyurethane market at the global, regional, and country levels
  • Comprehensive analysis with respect to investments and regulatory scenario that would subsequently impact the outlook and forecast for the global polyurethane market between 2018 and 2026
  • Detailed competition landscape of key players operating in the global polyurethane market to help understand the competition level
  • Porters’ five forces analysis that highlights the power of buyers and suppliers operating in the market

The global polyurethane market has been segmented as follows:

Raw Material Type

 

  • Toluene Diisocyanate (TDI)
  • Methylene Diphenyl Diisocyanate (MDI)
  • Others (Including Polyols and HDI)

Product Type

 

  • Coatings
  • Adhesives & Sealants
  • Flexible Foams
  • Rigid Foams
  • Elastomers
  • Others (Including Monomers and Resins)

End-user

 

  • Bedding & Furniture
  • Building & Construction
  • Appliances & White Goods
  • Automotive & Transportation
  • Footwear
  • Others (Including Packaging and Sports Accessories)

Market Region of First Aid Kit Packaging

 

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • Spain
    • U.K.
    • Italy
    • Russia & CIS
    • Rest of Europe 
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific 
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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