Polyurethane Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Dow, BASF, Huntsman, AkzoNobel, Covestro

Registering a CAGR of 5.4% over the forecast period of 2022-2027, the global Polyurethane Market is anticipated to reach the market value of USD 57.36 billion in 2021 from US$ 81.77 billion by 2027.

Polyurethane Market Overview

Polyurethanes are thermosetting polymers, and they do not dissolve when exposed to heat. The polyurethane industry is segmented by type and end-user industry. Sustainability in building growths is a vast field and encompasses several steps that must be applied in the primary construction stages since their potential environmental effect is quite significant. Green buildings are thus increasingly entering the construction market due to growing investments in smart energy-efficient commercial and residential buildings. These buildings not only offer profitable opportunities but are also acceptable by environmental and federal regulations, provided that a meaningful response to growing consumer expectations for sustainability.

The report aspects discussed the profile of the top manufacturers of the global Polyurethane market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Polyurethane Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.

Who are the Major Players in Polyurethane Market?

The Polyurethane Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end-users. The three dependencies for the status of major companies in the market are company profile, profitable gross margin, and the prices they charge. These are the main players in this market includes Dow, BASF, Huntsman, AkzoNobel, Covestro, Lubrizol, Recticel, LANXESS, INOAC, Tosoh, Mitsui Chem, Woodbridge Foam, Wanhua, Shanghai Dongda, Oriental Yuhong

Recent Developments:

• In December 2021, Coverstro planned to increase production capacity by establishing new plants for thermoplastic polyurethanes in the Shanghai site. The plant is due to be completed in 2022.


• In October 2020, Huntsman opened its plant in Taiwan, along with its 3,600 square meter polyol plant and downstream polyurethanes capabilities. Huntsman had completed the acquisition of Icynene-Lapolla. The acquisition will help Huntsman expand its downstream polyurethanes business in North America. Huntsman, with a new facility in Dubai, increased its polyurethane production capacity.

What are the major Applications, Types, and Regions of the Polyurethane Market?

The polyurethane market is segmented based on the type, applications, companies, and regions.

By Type, it is segmented into

• Flexible Foam


• Rigid Foam


• Coatings


• Adhesives & Sealants


• Elastomers


• Others

By Applications, it is segmented into

• Furniture and Interiors


• Construction


• Electronics and Appliances


• Automotive


• Footwear


• Others

Polyurethane Market Regional Analysis

The Asia Pacific was the leading regional market in 2022 and accounted for over 44% share of the global revenue. The market is determined by the growth of the major end-use industries, such as automotive, electronics & appliances, packaging, furniture & interior, and construction. The regional market is considered by the easy availability of land and low-cost skilled labor. A shift in the production landscape toward developing economies, particularly China and India, is expected to positively influence the market rising over the forecast period. The region is home to several fast-expanding industries as well that offer lucrative growth opportunities to PU manufacturers.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

What is our Polyurethane Market report scope?

Key Takeaways from this Polyurethane Report

• Evaluate Polyurethane market potential by analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive into the value augmentation at each, in order to optimize value and bring efficiencies to your processes.


• Get a quick outlook on the Polyurethane market entropy - M&As, deals, partnerships, and product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

• The Polyurethane Market is studied from 2017 - to 2027.

What is the growth rate of the Polyurethane Market?

• The Polyurethane Market is growing at a CAGR of 5.4% over the next 5 years.

Who are the key players in Polyurethane Market?

•  Dow, BASF, Huntsman, AkzoNobel, Covestro, Lubrizol, Recticel, LANXESS, INOAC, Tosoh, Mitsui Chem, Woodbridge Foam, Wanhua, Shanghai Dongda, Oriental Yuhong

What regions does this Polyurethane Market report cover?

• North America (the United States, Canada, and Mexico)


• Europe (Germany, France, UK, Russia, and Italy)


• Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)


• South  America (Brazil, Argentina, Colombia, etc.)


• The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Polyurethane Market?

• Flexible Foam, Rigid Foam, Coatings, Adhesives & Sealants, Elastomers, Others

What are the major end-use applications of the Polyurethane Market?

• Furniture and Interiors, Construction, Electronics and Appliances, Automotive, Footwear, Others

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