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Polyurethane Global Market Report 2022

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    Report

  • 175 Pages
  • May 2022
  • Region: Global
  • The Business Research Company
  • ID: 5598196
Polyurethane Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global polyurethane market as it emerges from the COVID-19 shut down.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates
  • Create regional and country strategies on the basis of local data and analysis
  • Identify growth segments for investment
  • Outperform competitors using forecast data and the drivers and trends shaping the market
  • Understand customers based on the latest market research findings
  • Benchmark performance against key competitors
  • Utilize the relationships between key data sets for superior strategizing
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the polyurethane? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Polyurethane market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider polyurethane market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery
  • Market segmentations break down market into sub markets
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers
  • The polyurethane market section of the report gives context. It compares the polyurethane market with other segments of the polyurethane market by size and growth, historic and forecast

Scope


Markets Covered:

1) By Product Type: Coatings; Adhesives and sealants; Flexible and rigid foams; Elastomers; Other Product Types
2) By Raw Material: MDI, TDI, Polyols
3) By End User Industry: Furniture; Construction; Electronics & Appliances; Automotive; Footwear; Other End Use Industries

Companies Mentioned: The Dow Chemical Company; BASF SE; Covestro; Huntsman Corp.; Eastman Chemical Co.

Countries: Brazil; China; France; Germany; India; Indonesia; Japan; South Korea; Russia; UK; USA; Australia

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, per capita expenditure.

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.


This product will be delivered within 1-3 business days.

Table of Contents

1. Executive Summary2. Polyurethane Market Characteristics3. Polyurethane Market Trends And Strategies4. Impact Of COVID-19 On Polyurethane
5. Polyurethane Market Size And Growth
5.1. Global Polyurethane Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Polyurethane Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Polyurethane Market Segmentation
6.1. Global Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Coatings
  • Adhesives and sealants
  • Flexible and rigid foams
  • Elastomers
  • Other Product Types
6.2. Global Polyurethane Market, Segmentation By End User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Furniture
  • Construction
  • Electronics & Appliances
  • Automotive
  • Footwear
  • Other End Use Industries
6.3. Global Polyurethane Market, Segmentation By Raw Material, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • MDI
  • TDI
  • Polyols

7. Polyurethane Market Regional And Country Analysis
7.1. Global Polyurethane Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Polyurethane Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Polyurethane Market
8.1. Asia-Pacific Polyurethane Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Polyurethane Market
9.1. China Polyurethane Market Overview
9.2. China Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Polyurethane Market
10.1. India Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Polyurethane Market
11.1. Japan Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Polyurethane Market
12.1. Australia Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Polyurethane Market
13.1. Indonesia Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Polyurethane Market
14.1. South Korea Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Polyurethane Market
15.1. Western Europe Polyurethane Market Overview
15.2. Western Europe Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Polyurethane Market
16.1. UK Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Polyurethane Market
17.1. Germany Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Polyurethane Market
18.1. France Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Polyurethane Market
19.1. Eastern Europe Polyurethane Market Overview
19.2. Eastern Europe Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Polyurethane Market
20.1. Russia Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Polyurethane Market
21.1. North America Polyurethane Market Overview
21.2. North America Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Polyurethane Market
22.1. USA Polyurethane Market Overview
22.2. USA Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Polyurethane Market
23.1. South America Polyurethane Market Overview
23.2. South America Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Polyurethane Market
24.1. Brazil Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Polyurethane Market
25.1. Middle East Polyurethane Market Overview
25.2. Middle East Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Polyurethane Market
26.1. Africa Polyurethane Market Overview
26.2. Africa Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Polyurethane Market Competitive Landscape And Company Profiles
27.1. Polyurethane Market Competitive Landscape
27.2. Polyurethane Market Company Profiles
27.2.1. The Dow Chemical Company
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. BASF SE
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Covestro
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Huntsman Corp.
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Eastman Chemical Co.
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
29. Key Mergers And Acquisitions In The Polyurethane Market29. Polyurethane Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright And Disclaimer

Executive Summary

Major players in the polyurethane market are 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, and Woodbridge Foam Corp.

The global polyurethane market is expected to grow from $67.27 billion in 2021 to $78.01 billion in 2022 at a compound annual growth rate (CAGR) of 16.0%. The market is expected to grow to $136.65 billion in 2026 at a CAGR of 15.0%.

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 a form of plastic polymer material which is used to produce modern, versatile, and safe consumer and industrial products that are environmentally 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.

The main product types of polyurethane are coatings, adhesives and sealants, flexible and rigid foams, elastomers, and other product types. The adhesive is a substance that is capable of holding materials together in a functional manner by a surface attachment that is resisting separation. The raw materials are MDI, TDI, and polyols. The end-use industries are furniture, construction, electronics and appliances, automotive, footwear, and other end-use industries.

Asia Pacific was the largest region in the polyurethane market in 2021. North America was the second-largest region in the polyurethane market. The regions covered in the polyurethane report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The 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 an advanced manufacturing process, polyurethane form provides more uniform, predictable, and durable end products. For instance, according to American Chemistry Council, it is proven that FPF when compressed by 90% for 22 hours, could recover more than 90% of its original height, which is highly durable than any other form of furniture material. Moreover, completely cured polyurethane products are considered to be inert and safe and were concurred by the U.S. EPA (Environmental Protection Agency). The durability, comfort, and safety provided by polyurethane continue to be the major reasons for use in the furniture industry, thereby, driving the demand of the polyurethane industry going forward.

Polyurethane providers globally faced uncertain environmental regulations in the historic period. These regulations are to reduce the emission of toxic air pollutants from the flexible polyurethane foam industry and mandate the installation of add-on control equipment at manufacturers’ sites. For instance, the Environmental Protection Agency (EPA) issued a regulation to reduce the emission of the toxic air pollutant methylene chloride from the flexible polyurethane foam market. All the polyurethane manufacturers have to comply with this regulation and eliminate the use of methylene chloride for the production of molded foam and rebond foam. Therefore, uncertain government regulations towards environment protection restrain the growth of the polyurethane market.

Demand for sustainable products from the construction, automotive, and footwear industry is witnessing a rising demand for the manufacturing of bio-based polyurethane (PU) with rising awareness of environmental concerns worldwide. Bio-based polyurethanes (PU) are derived from biodegradable materials constituting a rich source of precursors for the synthesis of polyols and isocyanates. These chemicals are readily available 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 environmentally friendly products of renewable materials, will drive the use of bio-based polyurethane products in various industries including construction, automotive, coating, and footwear. In January 2020, BASF announced a single-digit million-euro investment in the potential expansion of water-based polyurethane dispersions at its Castellbisbal site in Spain. The development will allow BASF to increase its production capacity by 30 percent.

In May 2020, Covestro, a German-based polymer company, accelerated the expansion of its thermoplastic polyurethanes (TPU) business by raising its stake in the joint venture DIC Covestro Polymer Ltd. (DCP) from 50% to 80%. Both the parties agreed to not disclose any financial details of the transaction. The closing of the deal is planned for the early second quarter of 2019, subject to approval from the relevant authorities. The investment is part of Covestro’s expansion of its global TPU business. DIC Covestro Polymer Ltd. is a Japan-based supplier of thermoplastic polyurethanes.

The countries covered in the polyurethane market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia.



Companies Mentioned

A selection of companies mentioned in this report includes:

  • 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

Methodology

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