Global Polyurethane Market Size, Share, Opportunities And Trends By Type (Flexible Polyurethane Foam, Rigid Polyurethane Foam, Thermoplastic Polyurethane, Others), By Product Form (Foam, Resin, CASE (Coatings, Adhesives, Sealants, and Elastomer)), By Application (Automotive, Building and Construction, Furnishing, Electronics, Packaging, Others), And Geography - Forecasts From 2019 To 2024

The Global polyurethane market is projected to grow at a CAGR of 6.16% to reach US$ 84.055 billion in 2024 from US$58.732 billion in 2018. Polyurethane is a plastic material that exists in various forms. It is versatile and is used in a wide variety of applications to create all kinds of consumer and industrial products. High demand from major end-user segments such as automobiles, fast-moving consumer goods, building and construction, and electronics is driving the polyurethane market growth. Rapid urbanization in the developing economies is leading to an increased demand for furnished and other consumer products that are significantly boosting the demand for polyurethane solutions. Geographically, Asia Pacific is estimated to grow at a good rate on account of growing industrialization and building and construction activities in the region. Also, the burgeoning penetration of bio-based polyurethane due to growing environmental concerns will further boost the market growth during the forecast period.

DRIVERS

Rapid Industrialization and Construction in emerging economies

Burgeoning penetration of polyurethane among various end-users

RESTRAINTS

Fluctuation in petroleum prices

INDUSTRY UPDATE

In October 2018, Covestro AG invested $1.7 billion in MDI so as to strengthen its position in MDI globally.

 In August 2018, MCNS Polyurethanes India inaugurated a ceremony for its newly commissioned polyurethane system in Sri City, India.

The major players profiled in the global polyurethane market include BASF SE, The Dow Chemical Company, Covestro AG, Huntsman International LLC, Eastman Chemical Company, Mitsui Chemicals, Inc., Mitsubishi Chemical Co., Ltd., Tosoh Corporation, DIC Corporation, PSI Urethanes, Inc., LANXESS, PRECISION URETHANE, Koninklijke DSM N.V., SKF, and Merck KGaA.

Segmentation

The global polyurethane market has been analyzed through the following segments:

By Type

Flexible Polyurethane Foam

Rigid Polyurethane Foam

Thermoplastic Polyurethane

Others

 

By Product Form

Foam

Resin

CASE (Coatings, Adhesives, Sealants, and Elastomer)

 

By Application

Automotive

Building and Construction

Furnishing

Electronics

Packaging

Others

By Geography

North America

USA

Canada

Mexico

 

South America

Brazil

Argentina

Others

 

Europe

Germany

France

United Kingdom

Others

 

Middle East and Africa

Saudi Arabia

Israel

Others

 

Asia Pacific

China

Japan

South Korea

India

Others

 

Target audience

Manufacturers

Suppliers

Distributors

Service Providers

Government Agencies

Research Organizations

Consultants

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Frequently Asked Questions (FAQs)

Q1. What will be the polyurethane market size by 2024?
A1. The polyurethane market is projected to reach a market size of US$84.055 billion in 2024.

Q2. What is the size of the global polyurethane market?
A2. Polyurethane Market was valued at US$58.732 billion in 2018. 

Q3. What are the growth prospects for the polyurethane market?
A3. The global polyurethane market is projected to grow at a CAGR of 6.16% during the forecast period.

Q4. Which region holds the maximum market share of the polyurethane market?
A4. Geographically, Asia Pacific is estimated to hold a significant share of the polyurethane market on account of growing industrialization and building and construction activities in the region.

Q5. What factors are anticipated to drive the polyurethane market growth?
A5. High demand from major end-user segments such as automobiles, fast-moving consumer goods, building and construction, and electronics is driving the polyurethane market growth.

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Currency

1.5. Assumptions

1.6. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY 

2.1. Research Design

2.2. Secondary Sources

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

4.1. Market Segmentation

4.2. Market Drivers

4.3. Market Restraints

4.4. Market Opportunities

4.5. Porter’s Five Force Analysis

4.5.1. Bargaining Power of Suppliers

4.5.2. Bargaining Power of Buyers

4.5.3. Threat of New Entrants

4.5.4. Threat of Substitutes

4.5.5. Competitive Rivalry in the Industry

4.6. Life Cycle Analysis - Regional Snapshot

4.7. Market Attractiveness

5. GLOBAL POLYURETHANE MARKET BY TYPE

5.1. Flexible Polyurethane Foam

5.2. Rigid Polyurethane Foam

5.3. Thermoplastic Polyurethane

5.4. Others

6. GLOBAL POLYURETHANE MARKET BY PRODUCT FORM

6.1. Foam

6.2. Resin

6.3. CASE

7. GLOBAL POLYURETHANE MARKET BY APPLICATION

7.1. Automotive

7.2. Building and Construction

7.3. Furnishing

7.4. Electronics

7.5. Packaging

7.6. Others

8. GLOBAL POLYURETHANE MARKET BY GEOGRAPHY

8.1. North America

8.1.1. USA

8.1.2. Canada

8.1.3. Mexico

8.2. South America

8.2.1. Brazil

8.2.2. Argentina

8.2.3. Others

8.3. Europe

8.3.1. Germany

8.3.2. France

8.3.3. United Kingdom

8.3.4. Others

8.4. Middle East and Africa

8.4.1. Saudi Arabia

8.4.2. Israel

8.4.3. Others

8.5. Asia Pacific

8.5.1. China

8.5.2. Japan

8.5.3. South Korea

8.5.4. India

8.5.5. Others

9. COMPETITIVE INTELLIGENCE

9.1. Company Benchmarking and Analysis

9.2. Recent Investment and Deals

9.3. Strategies of Key Players

10. COMPANY PROFILES

10.1. BASF SE

10.2. The Dow Chemical Company

10.3. Covestro AG

10.4. Huntsman International LLC

10.5. Eastman Chemical Company

10.6. Mitsui Chemicals, Inc.

10.7. Mitsubishi Chemical Co., Ltd.

10.8. Tosoh Corporation

10.9. DIC Corporation

10.10. PSI Urethanes, Inc.

10.11. LANXESS

10.12. PRECISION URETHANE

10.13. Koninklijke DSM N.V. 

10.14. SKF

10.15. Merck KGaA

LIST OF FIGURES

LIST OF TABLES

BASF SE

The Dow Chemical Company

Covestro AG

Huntsman International LLC

Eastman Chemical Company

Mitsui Chemicals, Inc.,

Mitsubishi Chemical Co., Ltd.

Tosoh Corporation

DIC Corporation

PSI Urethanes, Inc.

LANXESS

PRECISION URETHANE

Koninklijke DSM N.V.

SKF

Merck KGaA