Polyurethane foam is one of the most widely used polymeric foams in the world, finding applications in almost all modern industries. These are made primarily by reacting diisocyanates (MDI or TDI) with polyols and other chemicals as additives. Polyurethane occurs in mainly two forms, which are polyurethane foams and polyurethane non-foams. These are classified based on their commercially available foams, such as flexible polyurethane foams and rigid polyurethane foams. Flexible foams are used mainly as a cushioning material in transportation; bedding & furniture, packaging, etc., whereas, rigid foams are used primarily as an insulation material in construction and refrigeration applications.
Polyurethane foams are used in various polymers and plastics. The global polyurethanes market is segmented based on application into foams (rigid foam and flexible foam), coatings, adhesives & sealants, elastomers, and others. On the basis of end-users industry, the market is segmented into furniture & interiors, buildings & construction, electronics & appliances, automotive, footwear, packaging, and others (including Industrials, textiles & apparel, fibers, medical, and marine) . On the basis of geography, the market is segmented into North America (United States, Canada, Mexico, Rest of North America), Europe (Germany, United Kingdom, France, Italy, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Rest of APAC), South America (Brazil, Argentina, Rest of South America), and Middle-East and Africa (Saudi Arabia, South Africa and Rest of Middle-East & Africa).
The global market has grown during the past few years and is driven by cost-effectiveness and the adaptability of polyurethane foams in major end-user industry applications. The market is expected to register a healthy growth on account of the growth in key end-user industries. The Asia-Pacific market is the major consumer with the highest usage in the furniture and construction industries. In the financial year of 2015, the China shared the highest demand, while in 2015 the Asia-Pacific accounted for 44.9 % market share of the total polyurethane market. The consumption and revenue generation were witnessed to be the highest in the APAC region, which was followed by the Western European region and then North America.
Drivers, Restraints, Opportunities and Market Players
The global market is driven by the diverse range of applications for polyurethane foams in multiple industries. Increasing R&D activities have made it highly resourceful and have generated a huge demand especially in the furniture sector, which finds its usefulness in a myriad of applications, such as bedding, mattresses, carpet underlays, and cushioning. Environmental regulations from different industry sectors, such as plastic, automotive, building & construction, furniture & bedding, electronics, packaging, and other sectors, facilitate the growth of the market as well. The growing demand from the automotive and electronic appliance markets is notable in key countries at global levels.
The strong competition from the fiberglass and polystyrene industries is acting as a restraint for the growth of this market. Moreover, the volatility in prices of raw materials is also a restraint, while the future market will see the demand for bio-based polyurethane as well as there is increasing development of innovative products by the companies towards sustainability and environmental developments.
The key players in the polyurethanes market include the global as well local players are
Market analysis for the Global Polyurethanes Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of factors instrumental in changing the market scenarios and prospective opportunities
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the global Polyurethanes market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
1.2 Research Methodology
2. Executive Summary
3. Polyurethane Foam Market
3.2 Government Policies and Regulations
3.3 Industry Value Chain Analysis
3.3.2 Suppliers & Distributors
3.3.3 End-Use Markets
3.4 Industry Attractiveness Porters 5 Force Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Consumers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute Products and Services
3.4.5 Degree of Competition
3.5 Raw Material Analysis
4. Market Dynamics
4.1.1 Growing Demand from Bedding, carpet & cushioning industry
4.1.2 Growing Demand from Construction industry
4.1.3 Recyclable products
4.2.1 Volatility in Raw Material Prices
4.2.2 Competition from fiberglass and polystyrene foam
4.3.1 Innovative Product Approaches by Companies
4.3.2 Increasing demand for Bio-Based Polyurethane
5. Market Segmentation (Market size, forecast and CAGR)
5.1 By Applications
220.127.116.11 Rigid Foam
18.104.22.168 Flexible Foam
5.1.3 Adhesives & Sealants
5.2 By End-User Industry (Market size, forecast and CAGR)
5.2.1 Furniture and Interiors
5.2.2 Buildings & Construction
5.2.3 Electronics and Appliances
5.2.7 Others (Industrial, Textiles & Apparel, Fibers, Medical and Marine)
6. Regional Market Analysis (Market size, CAGR and forecast)
6.1 North America
6.1.1 United States
6.1.4 Rest of North America
6.2.2 United Kingdom
6.2.6 Rest of Europe
6.3.4 South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.3 Rest of South America
6.5 Middle-East & Africa
6.5.1 South Korea
6.5.2 Saudi Arabia
6.5.3 Rest of MEA
7. Competitive Landscape
7.1 Mergers & Acquisitions,Joint Ventures, Collaborations and Agreements
7.2 Market Share Analysis
7.3 Strategies Adopted by Leading Players
8. Company Profiles
8.1 BASF SE
8.3 The Dow Chemical Co.
8.5 Huntsman Corp.
8.6 Recticel SA
8.7 Mitsui Chemicals
8.8 Wanhua Industrial Group
8.9 Armacell Enterprise GmbH & Co. KG
8.10 Carpenter Co.
8.11 Sekisui Chemical Co., Ltd.
8.12 Chemtura Corp.
8.13 Foamcraft Inc.
8.14 FoamPartner Group
8.15 Future Foam Inc.
8.16 FXI-Foamex Innovations
8.17 INOAC Corp.
8.18 Nitto Denko Corporation
8.19 UFP Technologies, Inc.
8.20 Rogers Corp.
8.21 Saint-Gobain Performance Plastics Corp.
8.22 UFP Technologies Inc.
8.23 The Vita Group
8.24 The Woodbridge group
8.25 Tosoh Corporation
8.26 Foam Supplies Inc.
8.27 Trelleborg AG
8.28 Eurofoam Group