The Global Market accounted for USD 43.50 billion and it is projected to grow at a CAGR of 5.5% during the forecast period. The global polyurethane market is fragmented with the presence of a large number of players across different regions.
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While most polyurethanes are thermosetting polymers that do not melt when heated, thermoplastic polyurethanes are also available.Polyurethane polymers are traditionally and most commonly formed by reacting a di- or poly-isocyanate with a polyol. Some of the major players in polyurethane market
- BASF SE,
- CangzhouDahua Group Co. Ltd.,
- Chematur Engineering AB,
- Coim Group,
- Huntsman Corporation,
Others: KUMHO MITSUI CHEMICALS CORP., Mitsui Chemicals, Northern Plastics Ltd., Polycoat Products, Polyurethane Specialties, Recticel, Seksui Chemical Co. Ltd., Shanghai Donga Polyurethane Co. Ltd., Tosoh Corporation, Trelleborg AB, Wanhua Chemical Group Co., Ltd., Covestro AG, The DOW Chemical Companyand many more. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
There is a growing demand for polyurethaneinbuilding & construction, automotive & transportation and bedding & furniture industrial activates, which is expected to be one of the major drivers of the market over the next seven years.
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Major market drivers:
- Growing demand for light weight, high performance materials from automotive sector
- Government support for energy efficiency
- Memory foam revived the bedding segments
- Versatility and unique physical properties of polyurethane
- Increasing use of polyurethane in refrigeration applications
- Exposure risks and environmental concerns
- Highdemand for acid-epoxy coatings
- Volatile raw materialprices
Market Segmentation: Global Polyurethane Market
The polyurethane market is segmented on the basis of raw material into
- Polyols and others
On the basis of product type, the market is segmented into
- Adhesives & sealants
- Flexible & rigid foams
- Elastomers and others
On the basis of end-user, the market is segmented into
- Building & construction
- Automotive & transportation
- Bedding & furniture
On the basis of geography, the polyurethane market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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