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.
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.
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
The polyurethane market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Applications, it is segmented into
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.
Forecast Period 2022 to 2028 CAGR
CAGR of 5.4 % during the review period (2022 to 2027).
Dow, BASF, Huntsman, AkzoNobel, Covestro, Lubrizol, Recticel, LANXESS, INOAC, Tosoh, Mitsui Chem, Woodbridge Foam, Wanhua, Shanghai Dongda, Oriental Yuhong
2017 to 2021
2022 to 2027
Number of Pages
Yes, the report can be customized as per your needs
What are the significant types of Polyurethane Market?
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Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.