China Polyurethane market is estimated to register a significant CAGR during the forecast period. Building and Construction is expected to be the largest end-user segment. Advent of bio polyurethane acts as one of the major opportunities for the market
Growing Demand from Construction Industry is Set to Propel Growth of the Market
Polyurethane based foams are used as insulating materials in homes, refrigerators, and many other uses. Insulating foams made help consumer save on their heating and cooling costs. The building industry is by far the largest consumer for rigid and spray polyurethane foam. With rising number of building codes that promote energy-efficient structures, homebuilders and consumers are gradually moving toward building strategies that deliver performance and energy savings in the long run. China, which was recently suffering a slump in its construction industry, is expected to recover in the next few years and should grow at a rate of more than 3.8% annually through 2021, thus increasing the demand for the polymer.
Elastomer Application is Expected to be the Fastest Growing Application Segment
PU elastomers are replacing rubber in a diverse range of end-user markets, including footwear (primarily as shoe soles), transportation (including tire fill products, run-flat tires, gaskets, seals, spring aids, and truck bed liners), wheels and tires, construction applications, and machinery (including agitators and parts for the mining and oil & gas markets and cast products, such as bearings, belts, and pulleys). In addition, PU elastomers are extensively used in the construction of running tracks and thermal breaks in metal frame windows. The footwear market is the largest end-user industry.
The footwear industry in China is largest in the world and has been for a long time. It produced 13.1 billion pairs of shoes in 2016, nearly 6 times that of the second in the same ranking, India. Due to the large domestic market, with the presence of the world’s largest population and major exports in all other countries, China’s shoe manufacturing has been on the rise.
Notable Developments in the Market
Major Players: BASF SE, Wanhua Industrial Group, Tosoh and ChemChina amongst others.
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Growing Demand from Construction Industry is Set to Propel Growth of the Market
Polyurethane based foams are used as insulating materials in homes, refrigerators, and many other uses. Insulating foams made help consumer save on their heating and cooling costs. The building industry is by far the largest consumer for rigid and spray polyurethane foam. With rising number of building codes that promote energy-efficient structures, homebuilders and consumers are gradually moving toward building strategies that deliver performance and energy savings in the long run. China, which was recently suffering a slump in its construction industry, is expected to recover in the next few years and should grow at a rate of more than 3.8% annually through 2021, thus increasing the demand for the polymer.
Elastomer Application is Expected to be the Fastest Growing Application Segment
PU elastomers are replacing rubber in a diverse range of end-user markets, including footwear (primarily as shoe soles), transportation (including tire fill products, run-flat tires, gaskets, seals, spring aids, and truck bed liners), wheels and tires, construction applications, and machinery (including agitators and parts for the mining and oil & gas markets and cast products, such as bearings, belts, and pulleys). In addition, PU elastomers are extensively used in the construction of running tracks and thermal breaks in metal frame windows. The footwear market is the largest end-user industry.
The footwear industry in China is largest in the world and has been for a long time. It produced 13.1 billion pairs of shoes in 2016, nearly 6 times that of the second in the same ranking, India. Due to the large domestic market, with the presence of the world’s largest population and major exports in all other countries, China’s shoe manufacturing has been on the rise.
Notable Developments in the Market
- January, 2018: China’s Jiabaijia to build polyurethane auto seating plant
- November, 2018: SKC to build polyurethane facilities in China
Major Players: BASF SE, Wanhua Industrial Group, Tosoh and ChemChina amongst others.
Reasons to Purchase this Report
- To understand the impact of accelerating demand from construction industry on the market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- To understand the dominating end-user in the market
- Countries expected to witness the fastest growth during the forecast period
- Identifying the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet in excel
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs
This product will be delivered within 2 business days.
Table of Contents
1. Introduction
3. Market Insights
5. Market Dynamics
6. Market Segmentation and Analysis - (Market Size, Growth, and Forecast)
8. Competitive Landscape
9. Company Profiles (Overview, Financials**, Products & services, Recent Developments, and Analyst View)
10. Disclaimer
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- BASF
- Covestro
- DowDuPont
- Huntsman
- Fangda Group
- Southeast Electro-Chemical Co Ltd - (SEEC)
- Sinopec
- Perstorp
- SK Innovation
- Sumitomo
- OCI
- IBI Chematur
- Petroquimica Rio Tercero SA
- Wanhua Industrial Group
- Kumho
- ChemChina
- Hanwha Group
Methodology
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