The Global Polyurethane Market Report by The Business Research Company covers polyurethane market drivers and restraints, polyurethane market size, major players, and the impact of COVID-19 on the polyurethane market.
The polyurethane market consists of the sales of polyurethane and related services which are used in foams as an insulation material, coatings, adhesives and sealants and an elastomer. Polyurethane refers to form of plastic polymer material which is used to produce modern, versatile and safe consumer and industrial products that are environmental friendly. Polyurethane is formed by reacting a polyol (an alcohol with more than two reactive hydroxyl groups per molecule) with a diisocyanate or a polymeric isocyanate in the presence of suitable catalysts and additives. They are also widely used in medical devices such as pacemakers, artificial hearts, and other blood contacting applications.
Adoption of polyurethane in home furnishings is driving the polyurethane market. Furniture manufacturing companies are enhancing comfort, durability, health and safety by using flexible polyurethane foam (FPF) as a cushioning material for upholstered furniture, bedding and carpet underlay. Furthermore, with the introduction of advanced manufacturing process, polyurethane form provides more uniform, predictable and durable end products.
The global polyurethane market is expected to grow from $11.25 billion in 2020 to $13.71 billion in 2021 at a compound annual growth rate (CAGR) of 21.9%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $16.79 billion in 2025 at a CAGR of 5%.
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Some polyurethane market trends include demand for sustainable products from construction, automotive and footwear industry are witnessing a rising demand for the manufacturing of bio-based polyurethane (PU) with rising awareness in environmental concerns worldwide. Bio-based polyurethane (PU) are derived from biodegradable materials constituting a rich source of precursors for the synthesis of polyols and isocynates. These chemical are readily availability at lower cost with less environmental impact, and are highly biodegradable. In addition, with increasing commercialization and growing demand for flexible foam for car seats, headrests from major automotive OEMs, polyurethane manufacturers have shifted focus towards developing sustainable and environment friendly products of renewable materials, will drive the use of bio-based polyurethane products in various industries including construction, automotive, coating and footwear.
Global polyurethane market segments include:
1) By Product Type: Coatings, Adhesives And sealants, Flexible And rigid foams, Elastomers, Others.
2) By End Use Industry: Furniture, Construction, Electronics & Appliances, Automotive, Footwear, Others.
3) By Raw Material: MDI, TDI, Polyols.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Polyurethane Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides polyurethane market overviews, analyzes and forecasts market size, share, polyurethane market players, polyurethane market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The polyurethane market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Polyurethane Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: The Dow Chemical Company, BASF SE, Covestro, Huntsman Corp., Eastman Chemical Co., Mitsui Chemicals, Inc., DIC Corp, Nippon Polyurethane Industry Corp Ltd., Recticel S.A., Woodbridge Foam Corp., RTP Company, LANXESS, Lubrizol Corp., Tosoh Corporation, DowDuPont, Perstorp, Manali Petrochemicals Ltd., Wanhua Chemical Group Co., Ltd., Eastman Chémical Co, Nippon PU Industry Corp, Recticel S.A, Rampf Holding GmbH & Co. KG, Foamex Innovations (U.S), Kuwait Polyurethane Industries W.L.L, Recticel s.a./n.v., Rogers Corporation, Sheela Foam Ltd., INOAC Corporation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The polyurethane Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The polyurethane Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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