Polyurethanes: New Technologies and Applications Drive Global Market Growth

16 Jun, 2017 | BCC Research | 124 Pages
Report Scope:

Polyurethane is the most commonly used material in various applications for the automotive, furniture and bedding, electronics, construction and building, and footwear industries. Major players like BASF, Dow Chemical, Bayer and Huntsman are expected to provide revolutionary polyurethane-based products and technologies in the near future. Dow Chemical is expected to provide reactive PU plasticizers, which are considered to be useful for polyurethane moisture curing adhesives used in automotive glass bonding. BASF will boost polyurethane market through new generation vehicles made from PU material. Various 3D printing start-ups and intermediate players are exploring the polyurethane market and offering innovative solutions, from artificial organs to fabric or complex 3D models of machines. In addition, increased adoption of biodegradable polyurethane material is also creating buzz in the health care sector. For example, biodegradable polyurethane elastomers are expected to contribute to cartilage tissue engineering applications in the near future.

Moreover, significant expansion from Bayer and Dow Chemical in APAC will help expand the scope for polyurethanes. APAC is the largest consumer and producer of polyurethanes, and holds 36% of the global polyurethane market. It is also the biggest exporter of polyurethanes. North America is the second-largest global market for polyurethanes, with the U.S. as the dominant market followed by Canada. The U.S. and E.U. regions are projected to increasingly consume polyurethane applications in the construction and building sector for energy-efficient insulation in residential buildings.

Moreover, adoption of new technologies and applications in the global furniture and bedding, building and construction and automobile markets are expected to boost polyurethane demand in the near future. The major geographic regions covered in the report are North America, Europe, APAC and the Rest of World (RoW). In addition, this report provides a country-specific breakdown of polyurethane consumption based on total revenue generated. Major countries included the U.S., Canada, Germany, U.K., Spain, Italy, France, China, Japan and India.

Estimated values used are based on manufacturersÕ total revenues and forecast revenue values are in constant U.S. dollars, unadjusted for inflation. Unit volume of polyurethane as well as consumption of polyurethane material in varied sectors was used to estimate the total market. Many manufacturers as well as end users are profiled in the report. This report includes company profiles with detailed introductions, product portfolios and recent developments.

Report Includes:

- An overview of the global polyurethanes market.
- Analyses of global market trends, with data from 2015 and 2016, and projections of compound annual growth rates (CAGRs) through 2021.
- In-depth coverage of key technologies and raw materials used in the polyurethane market.
- Evaluation of market strategies, product launches and partnerships.
- Information regarding the current market scenario, market trends and government regulations.
- A look at end users and applications of polyurethanes.
- Profiles of major players in the industry.

Report Summary

Polyurethanes are one of the most versatile polymers. It is widely used in a variety of applications such as footwear, furniture, bedding, textiles, coatings, electrical and electronics, synthetic leather, adhesives and others. Polyurethane has gained significant popularity due to its inherent properties such as strength, hydrolysis resistance, adhesion, elasticity, hardness and others, which make it a highly useful material. The global polyurethane market was valued at around $46.5 billion in 2015, while consumption volumes totaled 28,600 kilotons. The market has been on a rise due to high demand from various regions and industries. In addition, demand is forecast to increase by 6.4% during the reporting period of 2016 to 2021. The market is driven by high demand and high growth rates in key segments such as the building and construction, and automobile sectors. The market is expected to make significant gains due to continuing high demand in Asia-Pacific.

Furniture and bedding is the largest market segment for polyurethanes and accounted for 33.6% market share in 2015. However, building and construction is the fastest-growing segment, and is expected to increase at a CAGR of 10% between 2016 and 2021. This growth is based on various key factors such as technological advancement, innovation, availability of wide-ranging polyurethane products for automotive, furniture, electronics, biomedical, footwear and construction applications. Further, new
market entrants, product launches, innovation and technological advancement will boost growth in the coming years. Other key factors contributing to the growth of the polyurethanes market include favorable government regulations, rising demand from emerging economies and huge economic growth in major end-user industries such as health care, construction, automobiles, etc.

Polyurethane is a versatile material that can be converted into various forms such as thermosetting plastics, thermoplastics and synthetic rubber (elastomers). These are made from monomer units of urethane (carbamate). Polyurethanes are typically produced by the reaction of polyol and polyisocyanates.Commercially, methylene diphenyl diisocyanate (MDI) and toluene diisocyanate (TDI) are used for the production of polyurethanes. This material has a wide range of applications such as flexible
foam, rigid foam, coating, adhesive, sealant, elastomer, etc. Polyurethanes are used by various end-user industries such as automotive, building and construction, footwear, furniture and bedding, and electronics. Polyurethanes are also essential in building materials.

There are various stakeholders that contribute to the growth of polyurethanes. The value chain of the polyurethane market consists of a large number of players including raw material suppliers, polyurethane manufacturers, distributors, end-user industries, distributors of finished goods, and consumers. Manufacturers are the main players in this value chain and control the market. Major players from the chemical industry include BASF, Bayer, Wanhua Chemical, Huntsman, Dow Chemical, and Mitsui Chemical. BASF is the largest manufacturer of polyurethane with a global market share of 20% in 2015. The top five companies in the market control over 50% of total global market. Joint venture and innovations are key strategies of leading players in the industry.
Table of Contents
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of the Report
Information Sources
Geographic Breakdown
Analyst's Credentials
Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market and Technology Background
Polyurethanes: Chemistry, Properties and Applications
Polyurethane: A Versatile Material
Asia-Pacific to Witness High Growth in the Forecast Period
Crude Oil Prices
Regulations
The United States
Clean Water Act
Occupational Safety and Health Act
Pollution Prevention Act
Toxic Substances Control Act
Resource Conservation and Recovery Act
Europe
Substance Identification
Registration
Evaluation
Steps for Evaluation
Authorization
Restriction.
China
Regulations in China
India
Chapter 4 Market Breakdown by End User
Furniture and Bedding
New Technologies in the Polyurethane Furniture and Bedding Market
Automobile Industry
Building and Construction
Electricals and Electronics
Footwear
Others Market
Chapter 5 Market Breakdown by Application
Flexible Foams
Rigid Foams
Elastomers
Adhesives and Sealants
Coatings
Other Applications
Chapter 6 Market Breakdown by Type
Thermosetting Polyurethanes
Thermoplastic Polyurethanes
Chapter 7 Market Breakdown by Region
North America
United States
Canada
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Chapter 8 Raw Material Analysis
Toluene Diisocyanate (TDI)
Methylene Diphenyl Diisocyanate (MDI)
Bio-based Raw Materials
Polyols
Other Materials
Chapter 9 Competitive Landscape
Market Strategy
Chapter 10 Company Profiles
ACCELLA POLYURETHANE SYSTEMS
ACME-HARDESTY CO.
AIR PRODUCTS
ARAGON ELASTOMERS
ARGONICS
BASF SE
BAXENDEN CHEMICALS
BAYER A.G.
BERGAD, INC.
BOND POLYMERS INTERNATIONAL
CHEMATUR ENGINEERING AB
CHEMTURA CORPORATION
COIM S.P.A.
DOW CHEMICAL
DSM N.V.
DUPONT
EVONIK INDUSTRIES AG
FXI
HUNTSMAN CORPORATION
INOV POLYURETHANE GROUP
MITSUI CHEMICALS INC.
NCFI POLYURETHANES
POLYURETHANE LTD.
PRECISION URETHANE & MACHINE INC.
PROTHANE
PSI URETHANES, INC.
RECTICEL
SELENA FM S.A.
THE SHEPHERD CHEMICAL COMPANY
THE VITA GROUP
THE WOODBRIDGE GROUP
TOSOH CORPORATION
TOWNSEND CHEMICALS
URETHANE INNOVATORS, INC.
VCM POLYURETHANES PVT. LTD.
WANHUA CHEMICAL
ZHEJIANG HENGTAI YUAN POLYURETHANE CO., LTD.
Chapter 11 Abbreviations and Sources
List of Tables
Summary Table : Global Market for Polyurethanes, by End User, Through 2021
Table 1 : Polyurethane Applications
Table 2 : Key Trends in Polyurethane Market
Table 3 : Global Market for Polyurethanes, by End User, Through 2021
Table 4 : Global Market Volume for Polyurethanes, by End User, Through 2021
Table 5 : Global Polyurethane Market for Furniture and Bedding, by Region, Through 2021
Table 6 : Global Polyurethane Market for Automobiles, by Region, Through 2021
Table 7 : BASF''s New PU Technologies and Applications for Automobiles
Table 8 : Benefits of Polyurethane Automotive Applications
Table 9 : Global Polyurethane Market for Building and Construction, by Region, Through 2021
Table 10 : Companies' Polyurethane Foam-based Insulation Products
Table 11 : Global Polyurethane Market for Electricals and Electronics, by Region, Through 2021
Table 12 : Global Polyurethane Market for Footwear, by Region, Through 2021
Table 13 : Global Others Polyurethane Market, by Region, Through 2021
Table 14 : Global Polyurethane Market, by Application, Through 2021
Table 15 : Global Polyurethane Market Volume, by Application, Through 2021
Table 16 : Global Polyurethane Demand for Flexible Foams, by Region, Through 2021
Table 17 : Consumer and Commercial PU Products
Table 18 : Global Polyurethane Market for Rigid Foams, by Region, Through 2021
Table 19 : Global Elastomers Market for Polyurethanes, by Region, Through 2021
Table 20 : Global Adhesives and Sealants Market for Polyurethanes, by Region, Through 2021
Table 21 : Advantages of Polyurethane Sealants
Table 22 : Global Coatings Market for Polyurethanes, by Region, Through 2021
Table 23 : Product Labeling
Table 24 : Global Other Market for Polyurethanes, by Region, Through 2021
Table 25 : Global Polyurethane Market, by Type, Through 2021
Table 26 : Global Polyurethane Market Volume, by Type, Through 2021
Table 27 : Global Thermosetting Polyurethane Market, by Region, Through 2021
Table 28 : Global Thermoplastic Polyurethane Market, by Region, Through 2021
Table 29 : Global Polyurethane Market, by Region, Through 2021
Table 30 : Global Polyurethane Market Volume, by Region, Through 2021
Table 31 : North American Polyurethane Market, by End User, Through 2021
Table 32 : Footwear Imports in North America, 2015
Table 33 : North America Polyurethane Market, by Application, Through 2021
Table 34 : North America Polyurethane Market, by Type, Through 2021
Table 35 : North America Polyurethane Market Volume, by Type, Through 2021
Table 36 : North America Raw Materials Market, by Material, Through 2021
Table 37 : U.S. Footwear Imports, 2015
Table 38 : North America Polyurethane Market, by Country, Through 2021
Table 39 : European Polyurethane Industry Snapshot, 2015
Table 40 : European Polyurethane Market, by Country, Through 2021
Table 41 : European Polyurethane Market, by Application, Through 2021
Table 42 : European Polyurethane Market, by Application, Through 2021
Table 43 : European Polyurethane Market, by Type, Through 2021
Table 44 : European Polyurethane Market Volume, by Type, Through 2021
Table 45 : Europe Raw Materials Market, by Material, Through 2021
Table 46 : Asia-Pacific Polyurethane Market, by End User, Through 2021
Table 47 : Asia-Pacific Polyurethane Market, by Country, Through 2021
Table 48 : Global Motor Vehicle Production, by Region, 2012-2015
Table 49 : APAC Polyurethane Market, by Type, Through 2021
Table 50 : APAC Polyurethane Market Volume, by Type, Through 2021
Table 51 : APAC Raw Materials Market, by Material, Through 2021
Table 52 : Global Footwear Production Rankings, by Country, 2015
Table 53 : China's Global Exports, by Product, 2015
Table 54 : RoW Polyurethane Market, by End User, Through 2021
Table 55 : RoW Polyurethane Market, by Application, Through 2021
Table 56 : RoW Polyurethane Market, by Type, Through 2021
Table 57 : RoW Polyurethane Market Volume, by Type, Through 2021
Table 58 : RoW Raw Materials Market, by Material, Through 2021
Table 59 : Key Benefits of Bio-based Raw Materials
Table 60 : Principle Technologies Available
Table 61 : Benefits of Additives
Table 62 : Silicone Additives for Flexible Foam Applications and Their Properties
Table 63 : Key Strategies of Leading Players, 2015-2016*
Table 64 : Recent Activities, by Company, 2015-2016
Table 65 : Accella Polyurethane Systems' Product Portfolio
Table 66 : Accella Polyurethane Systems' Recent Activities
Table 67 : Acme-Hardesty's Product Portfolio
Table 68 : Acme-Hardesty's Recent Activities
Table 69 : Air Products' Product Portfolio
Table 70 : Air Products' Recent Activities
Table 71 : Aragon Elastomers' Product Portfolio
Table 72 : Argonics' Product Portfolio
Table 73 : Argonics Products' Recent Activities
Table 74 : BASF's Product Portfolio
Table 75 : BASF Products' Recent Activities
Table 76 : Baxenden Chemicals' Product Portfolio
Table 77 : Bayer's Product Portfolio
Table 78 : Bayer's Recent Activities
Table 79 : Bergad's Product Portfolio
Table 80 : Bond Polymers International's Product Portfolio
Table 81 : Chematur Engineering's Product Portfolio
Table 82 : Chemtura Corporation's Product Portfolio
Table 83 : Chemtura Corporation's Recent Activities
Table 84 : COIM's Product Portfolio
Table 85 : Dow Chemical's Product Portfolio
Table 86 : Dow Chemical's Recent Activities
Table 87 : DSM's Product Portfolio
Table 88 : DSM's Recent Activities
Table 89 : DuPont's Product Portfolio
Table 90 : DuPont's Recent Activities
Table 91 : Evonik Industries' Product Portfolio
Table 92 : Evonik Industries' Recent Activities
Table 93 : FXI's Product Portfolio
Table 94 : Huntsman Corporation's Product Portfolio
Table 95 : Huntsman Corporation's Recent Activities
Table 96 : INOV Polyurethane Group's Product Portfolio
Table 97 : Mitsui Chemical's Product Portfolio
Table 98 : Mitsui's Recent Activities
Table 99 : NCFI Polyurethanes' Product Portfolio
Table 100 : Polyurethane Ltd.'s Product Portfolio
Table 101 : Precision Urethane & Machine's Product Portfolio
Table 102 : Prothane's Product Portfolio
Table 103 : PSI Urethanes' Product Portfolio
Table 104 : Recticel's Product Portfolio
Table 105 : Recticel's Recent Activities
Table 106 : Selena's Product Portfolio
Table 107 : Selena's Recent Activities
Table 108 : The Shepherd Chemical Company's Product Portfolio
Table 109 : The Vita Group's Product Portfolio
Table 110 : The Woodbridge Group's Product Portfolio
Table 111 : The Woodbridge Group's Recent Activities
Table 112 : Tosoh Corporation's Product Portfolio
Table 113 : Tosoh Corporation's Recent Activities
Table 114 : Townsend Chemical' Product Portfolio
Table 115 : Urethane Innovators' Product Portfolio
Table 116 : VCM Polyurethanes' Product Portfolio
Table 117 : Wanhua Chemical's Product Portfolio
Table 118 : Wanhua Chemical's Recent Activities
Table 119 : Zhejiang Hengtai's Product Portfolio
Table 120 : Abbreviations Used
Table 121 : Report Sources
List of Figures
Summary Figure : Global Market for Polyurethanes, by End User, 2015-2021
Figure 1 : Global Polyurethane Market Share, by Application, 2015
Figure 2 : Global Polyurethane Market Share, by Application, 2021
Figure 3 : Asia-Pacific Polyurethane Market, 2015-2021
Figure 4 : Crude Oil Prices from January 2016-December 2016
Figure 5 : Vehicle Production in the North America, 2012-2015
Figure 6 : Annual U.S. Motor Vehicle Production, 2012-2015
Figure 7 : U.S. Polyurethane Market Growth, 2015-2021
Figure 8 : Canadian Light Vehicle Production, 2012-2016
Figure 9 : Canadian Polyurethane Market, 2015-2021
Figure 10 : European Vehicle Production, 2012-2015
Figure 11 : Automobile Production in Germany, 2012-2015
Figure 12 : Germany's Motor Vehicle Exports, 2012-2015
Figure 13 : U.K. Vehicle Production, 2012-2015
Figure 14 : Plastic Conversion Market, by End User, 2015
Figure 15 : France's Car and LCV Production, 2012-2015
Figure 16 : Italy's Motor Vehicle Production, 2012-2015
Figure 17 : Spain's Automobile Production, 2012-2015
Figure 18 : Motor Vehicle Production Growth in Europe, 2012-2015
Figure 19 : China's Vehicle Production, 2012-2015
Figure 20 : Japan's Motor Vehicle Production, 2012-2015
Figure 21 : India's Motor Vehicle Production, 2012-2015
Figure 22 : Vehicle Production in South Korea and Thailand, 2012-2015
Figure 23 : Global Polyurethane Market Share, by Company, 2015
Figure 24 : Bayer's Polyurethane Market, by Region, 2015
Figure 25 : BASF's Polyurethane Market, by Region, 2015
ACCELLA POLYURETHANE SYSTEMS

ACME-HARDESTY CO.

Air Products

ARAGON ELASTOMERS

ARGONICS

BASF SE

BAXENDEN CHEMICALS

BAYER A.G.

BERGAD, INC.

BOND POLYMERS INTERNATIONAL

CHEMATUR ENGINEERING AB

CHEMTURA CORPORATION

COIM S.P.A.

DOW CHEMICAL

DSM N.V.

DUPONT

EVONIK INDUSTRIES AG

FXI

HUNTSMAN CORPORATION

INOV POLYURETHANE GROUP

MITSUI CHEMICALS INC.

NCFI POLYURETHANES

POLYURETHANE LTD.

PRECISION URETHANE & MACHINE INC.

PROTHANE

PSI URETHANES, INC.

RECTICEL

SELENA FM S.A.

THE SHEPHERD CHEMICAL COMPANY

THE VITA GROUP

THE WOODBRIDGE GROUP

TOSOH CORPORATION

TOWNSEND CHEMICALS

URETHANE INNOVATORS, INC.

VCM POLYURETHANES PVT. LTD.

WANHUA CHEMICAL

ZHEJIANG HENGTAI YUAN POLYURETHANE CO., LTD.
Polyurethanes: New Technologies and Applications Drive Global Market Growth

Polyurethanes Market Strategies, Global Polyurethane Market, Current Polyurethanes Market Scenario

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