According to Acumen Research and Consulting, the global polyurethane market value is expected to reach around US$ 91 billion by 2026 and growing at noteworthy CAGR around 6.8 % throughout the forecast period 2019 to 2026.
The report provides analysis of global Polyurethane market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
Increasing demand for lightweight and durable products is projected to increase general market growth for the automotive, building, and electronic sectors in the next era.
The general industrial development is projected to boost growing end users sectors of developing countries, product versatility and distinctive physical characteristics. In addition, the increased use of innovative polyurethane (PU) manufacturing techniques with sophisticated features is projected to have a good effect on general market development. In order to obtain semi-interpenetrating polymer network(IPN), develop, for example, TPU and PU acrylates that are mixed and healed by radiation. However, the market will be hampered over the forecast period by the stringent environmental policies that lead to the release of toxic gases for fossil fuels burned with fluctuating raw matter expenses. MDI, TDI and other polyester polyols are fundamental raw materials needed for the production of polyurethane. In order to encourage environmental conservation by using environmentally friendly methods of manufacturing products, the U.S. further implemented important reforms as the Toxic Substances Control Act (TSCA). The increased use of bio-based materials creates fresh possibilities and increases the consumption of PUs produced from renewable raw materials. The use of polyurethane in automotive sector is enhanced by the trend towards the substitution of standard heavy materials such as metals with lightweight and high-performance plastics. Pricing and other strategic business initiatives, however, rely on leading industrial players.
Due to the increasing use of furnishings, bedding and mattresses, seating and other soft products as cushions in various end-use sectors, the flexible foam section became the dominant market in 2018.
The flexible foam sector was dominating in asia Pacific, with more than 21.0% of the region's sales in 2018, thanks to factors such as environmental stability, power conservation, versatility and distinctive physical characteristics. China has experienced fast development in implementation because of strong demand for UP isolation, and over the forecast era, the revenue-based CAGR is estimated at 8.5%.
The development of the rigid moisture section is based on exceptional characteristics such as powerful mechanical strength, sound insulation and a good thermal resistance, which make it suitable for difficult weather conditions and environments. As the building and furniture sectors expand, China, India, and Indonesia played a important role in this segment.
The segment of elastomers is estimated to rise at the fastest rate during the predicted period, representing 20% of the entire volume by 2026. The section of polyurethane coats is likely to grow steadily as waterborne techniques are introduced.
Food and beverage processing, clothing, and medical and pharmaceutical apps are other applications. Building accounted for 28.5% of the complete industry turnover in 2018, and is expected to develop healthily over the next era. Due to fast industrialisation in developing nations and its outstanding insulation characteristics, the industry has emerged as a dominant application segment. In terms of both volume and income, the furnishings and interior industry represented around 22.0% of the total market, and over the expected period is expected to develop at a good rate. The increased use of linens, padding, seating and interior products, the strong demand from the car industry and its sophisticated flexibility and durability are some of the variables that drive development in the segment.
It is projected that the automobile industry will grow over the forecast era with CAGR based on revenue of over 6 percent. Due to its elevated mechanical strength and durability and lightweight characteristics, PU products are increasingly used in the vehicle industry to decrease car weight and increase fuel efficiency.
Due to increasing use in several end-use sectors, such as food, textiles, medical, clothing and personal protective equipment, the other segment is estimates to produce strong product demand over the forecast period. In 2018, the segment accounted for 13% of revenue, with a significant CAGR over the projected period estimated to be
Asia Pacific has become the global leader in the region and account for more than 48 percent of the complete quantity of the industry in 2018. It is projected that over the forecast era the area will record more than 8% of CAGR on revenue. The reason for the general development of the UP market is the development and consumption of automobiles. In addition, main players are moving manufacturing to emerging nations such as China and India. In latest years India has seen rapid development as the region's national manufacturing is anticipated in response to economic reforms and projects such as' Make in India.'
Due to increased demand for PU products from a range of sectors, such as automotive, furnishings, packaging and construction, Europe is the second largest regional market. The US government initiative to promote low-income households ' power effectiveness through federal financing through thermal insulation is projected to increase America's market. The US government's initiative The sector is also expected, due to an increasing amount of sports operations, such as the Rio Olympics inBrazil (2016) and the Central American and Caribbean Games in 2018, to experience important growth possibilities in developing central and south American economies where the demand for athletic footwear has increased.
Global Polyurethane Market, By Product
Global Polyurethane Market, By Application
Global Polyurethane Market, By Geography
The market research study on “Polyurethane Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Polyurethane market segments with market dynamics and their impact. The report also covers basic technology development policies.
This report provides an analysis of the latest trends in industries in each segment between 2015 and 2026 and forecasts the growth of income at the global, regional and country levels. ARC segmented the worldwide market in polyurethane based on product, implementation and area for this research:
Key Players & Strategies
BASF SE; Covestro; DIC Corp.;Huntsman Corp.; Nippon PU Industry Corp., Mitsui Chemical Corp.; The Dow Chemical Company; Eastman Chémical Co.; Mitsubishi Chemical Corp. Recticel S.A.; Woodbridge Foam Corp.; RTP Company. These producers participate actively in product research and development, technological progress and policy cooperation in order to enhance their presence in the worldwide market.
The Dow Chemical Company, BASF, Mitsui Chemicals and Covestro are the main providers of foodstuffs. These businesses have incorporated their activities to generate PU themselves to cut production expenses and make cost savings while improving their current logistics and supply chain.
There is a high level of rivalry between players in the world market for polyurethanes. The market is dominated by technologically sophisticated major players. The industry in polyurethane is capital-intensive and technological.
According to Acumen Research and Consulting, the global floor coatings market size is estimated to reach around US$ 4.1 billion by 2026 and growing at striking CAGR around 6.5 % over the forecast time frame. The floor is likely the region in houses where enormous quantity of wear is involved and thus more maintenance is required. Floor coatings provide safety, elevated level of abrasion, chemical s
According to Acumen Research and Consulting, the global Bulk Container Packaging market is forecasted to grow at striking CAGR around 7 % over the forecast time frame and reach around US$ 6.5 billion by 2026. The products used for the transport and storage of drinks, oil and fat, food products in large quantities and quantities are known as container packaging for bulk. Bulk container liners, flexi
The global plastic compounding market size is poised to reach over USD 95,425.3 Million by 2026 and is expected to grow at CAGR 6.9% during the forecast period, 2019-2026. Plastic compounding is an effective process preparing plastics formulations by blending additives and polymers in the molten state and is normally done by extrusion. In this process characteristics of basic plastics are transformed to create plastic formulat
By 2026, the global Homopolymer acrylic filter bags market is expected to reach USD 1.3 billion and is expected to grow at the CAGR of 4.8% during the forecasted period 2019-2026. The homopolymer acrylic filter bags packaging market is expected to witness significant growth in the future due to its increased demand in Application industries such as food & beverage and healthcare. Significant ch
The global phenolic resin Market is expected to grow at CAGR 4.8% during the forecast period, 2019-2026 and will reach over USD 15.3 Billion by 2026. Phenolic resins are one of the most adaptive materials with diverse application scope having a number of properties such as sustainability, high heat, porosity, flexibility, chemical resistance, and sliding proeperties are anticipated to promote its d
According to Acumen Research and Consulting, the global refinery catalyst market size is poised to reach around US 5.8 billion by 2026 and growing at noteworthy CAGR of 3.7 % throughout the forecast period 2019 to 2026. The rates of chemical reactions in refineries are commonly used by refineries in petroleum refinery due to their ownership. In addition, the quality of the petrol products generated