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Global Polyurethane (PU) Market Outlook,Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023

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  • Free Analysis
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Report Summary

The global polyurethane market is expected to grow significantly from USD 42.55 Billion in 2016 to USD 63.30 Billion in 2023, at a CAGR of 5.8% from 2017 to 2023. The growth of the polyurethane market across the globe is primarily driven by the growth of automotive and construction industries in emerging economies and high demand for polyurethane in refrigeration application. Additionally, the growing demand for lightweight and high-performance composites in automotive applications and demand for recyclable products are futher driving the growth of the global polyurethane market.

The years used for the assessment are as follows;

  • Historical year: 2013, 2014, 2015
  • Base year: 2016
  • Forecast period: 2017 – 2023

RESEARCH METHODOLOGY

The research and analysis is based on the data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year impact on the market size and share
  • Analyzing the collected data points
  • Bridging the data points to calculate the total polyurethane market and its various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the polyurethane market
  • Finalizing the overall size and share of the global polyurethane market

OBJECTIVES:

  • To classify the global polyurethane market into segments by raw material, product type, application, and region and analyze their growth prospects individually
  • To analyze market trends, opportunities, drivers, and restraints associated with the polyurethane market
  • Profiling key companies operating in the global polyurethane market
  • To study market response with respect to the mergers and acquisitions in the industry

MARKET SCOPE

The research scope for global polyurethane market is as follows:

By Raw Material

  • Toluene Diisocyanate (TDI)
  • Methylene Diphenyl Diisocyanate (MDI)
  • Polyols
  • Others 

By Product Type

  • Rigid Foam
  • Flexible Foam
  • Adhesives and Sealants
  • Coatings
  • Elastomers
  • Others

By Application

  • Automotive
  • Construction
  • Electronics and Appliances
  • Furniture and Interior
  • Footwear
  • Packaging
  • Others
    • Textiles & Apparel
    • Fibers
    • Medical
    • Marine
    • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa (MEA)

Free Analysis

The global polyurethane market was valued at USD 42.55 Billion in 2016, is expected to reach USD 63.30 Billion by 2023, growing at a CAGR of 5.8% from 2017 to 2023. The key factors driving the growth of the polyurethane market include the growth of automotive and construction industries in emerging economies and high demand for polyurethane in refrigeration application. Additionally, the growing demand for lightweight and high-performance composites in automotive applications and demand for recyclable products are further boosting the growth of the global polyurethane market.

This report segments the global polyurethane market on the basis of raw material, product type, application, and region. Methylene Diphenyl Diisocyanate (MDI), a raw material for polyurethanes was holding the largest share of global polyurethane market, in 2016 and is anticipated to dominate the market, throughout the forecast period. The foams made from MDI are rigid and provides good thermal insulation, which are widely used in refrigerators, freezers, and construction. Polyols segment of polyurethane raw material is expected to be the fastest-growing segment of the global polyurethane market. High demand from automotive and furniture industries are driving the growth of the aforementioned segment. On the basis of product type, flexible polyurethane foam was dominating the global polyurethane market, in 2016 and is expected to remain the largest market, over the forecast period. High demand of flexible polyrethane from construction, automotive, and furniture industries are the factors boosting the demand for this segement. On the basis of application, furniture and interiors was the largest segment of the global polyurethane market, in 2016. Increasing development of modern homes and offices is driving the growth of the aforementioned segment.

Asia-Pacific was holding the largest market share of the polyurethane market, in terms of value and volume, in 2016 and is anticipated to lead the market, throughout the forecast period. Rapid industrialization and urbanization are fostering the demand for polyurethanes in the region. The major demand for polyurethanes comes from emerging construction, automobile, electrical, packaging, and footwear industries. China was the leading market for polyurethanes in Asia-Pacific owing to increasing demand for residential buildings, and improving lifestyle of the population. However, in India polyurethane market is expected to witness a significant growth in near future attributed to high investments in automotive, electronics, packaging, and construction sectors. Europe was the second largest market for polyurethanes. Polyurethane market in Europe is mainly driven by growing investments in construction activities across the U.K. and Germany. Additionally, recovery of the automobile industry in countries such as Germany, France, Spain, and Italy is further expected to drive the growth of polyurethane market in Europe.

Some of the leading players in the global polyurethane market include Covestro AG, BASF SE, DowDuPont, Woodbridge Foam Corporation, Mitsui Chemicals Inc., Huntsman Corporation, Chemtura Corporation, Wanhua Chemical Group Co., Ltd., Nippon Polyurethane Industry Corp Ltd., Manali Petrochemicals Ltd., Tosoh Corporation among others.

Table of Contents

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Market Definition

1.2. Market Segmentation

1.2.1. Market Breakdown, By Raw Material

1.2.2. Market Breakdown, By Product Type

1.2.3. Market Breakdown, By Application

1.2.4. Market Breakdown, By Region

1.3. Research Methodology

1.3.1. Initial Data Search

1.3.2. Secondary Research

1.3.3. Primary Research

1.3.4. Scope and Assumptions

1.4. Sources

1.5. Executive Summary

CHAPTER 2. Market Outlook

2.1. Introduction

2.2. Market Outlook

2.2.1. Opportunities

2.2.1.1. Increasing Demand for Low VOC and Bio-Based Polyurethane

2.2.1.2. Growing Healthcare Industry

2.2.2. Trends

2.2.2.1. Increasing Reliance on Asia-Pacific Manufacturers

2.2.2.2. Growing Demand from Electronics Industry

2.2.2.3. High Investments in Research and Development

2.2.3. Growth Drivers

2.2.3.1. Growth of Automotive and Construction Industries in Emerging Economies

2.2.3.2. High Demand for Polyurethane in Refrigeration Application

2.2.3.3. Growing Demand for Lightweight and High Performance Composites in Automotive Applications

2.2.3.4. Demand for Recyclable Products

2.2.4. Impact Analysis of Drivers on Future Forecast of the Market

2.2.5. Restraints of the Market

    2.2.5.1. Rising Environmental Concerns

    2.2.5.2. Volatile Raw Material Prices

2.2.6. Impact Analysis of Restraints on Future Forecast of the Market

CHAPTER 3. Market Entry Strategy

3.1. PESTLE Analysis

3.2. Value Chain Analysis

3.3. Competitive Analysis

3.3.1. Company Market Share Analysis

3.3.2. Porter’s Five Forces Analysis

CHAPTER 4. Global Polyurethane Market Size and Forecast (2013 – 2023)

4.1. Global Polyurethane Market, By Raw Material

4.1.1. Toluene Diisocyanate (TDI)

4.1.2. Methylene Diphenyl Diisocyanate (MDI)

4.1.3. Polyols

4.1.4. Others

4.2. Global Polyurethane Market, By Product Type

4.2.1. Rigid Foam

4.2.2. Flexible Foam

4.2.3. Adhesives & Sealants

4.2.4. Coatings

4.2.5. Elastomers

4.2.6. Others

4.3. Global Polyurethane Market, By Application

4.3.1. Automotive

4.3.2. Construction

4.3.3. Electronics and Appliances

4.3.4. Furniture and Interior

4.3.5. Footwear

4.3.6. Packaging

4.3.7. Others

4.3.7.1. Textiles & Apparel

4.3.7.2. Fibers

4.3.7.3. Medical

4.3.7.4. Marine

4.3.7.5. Others

4.4. Global Polyurethane Market, By Region

4.4.1. North America

4.4.2. Europe

4.4.3. Asia-Pacific

4.4.4. South America

4.4.5. Middle East & Africa (MEA)

CHAPTER 5. Global Polyurethane Market, By Geography

5.1. North America Polyurethane Market

5.1.1. North America Polyurethane Market, By Raw Material (Million Tons)

5.1.2. North America Polyurethane Market, By Raw Material (USD Billion)

5.1.3. North America Polyurethane Market, By Product Type (Million Tons)

5.1.4. North America Polyurethane Market, By Product Type (USD Billion)

5.1.5. North America Polyurethane Market, By Application (Million Tons)

5.1.6. North America Polyurethane Market, By Application (USD Billion)

5.1.7. North America Polyurethane Market, By Country

5.1.7.1. The U.S.

5.1.7.1.1. U.S. Polyurethane Market Size (Million Tons)

5.1.7.1.2. U.S. Polyurethane Market Size (USD Billion)

5.1.7.2. Canada

5.1.7.2.1. Canada Polyurethane Market Size (Million Tons)

5.1.7.2.2. Canada Polyurethane Market Size (USD Billion)

5.1.7.3. Mexico

5.1.7.3.1. Mexico Polyurethane Market Size (Million Tons)

5.1.7.3.2. Mexico Polyurethane Market Size (USD Billion)

5.2. Europe Polyurethane Market

5.2.1. Europe Polyurethane Market, By Raw Material (Million Tons)

5.2.2. Europe Polyurethane Market, By Raw Material (USD Billion)

5.2.3. Europe Polyurethane Market, By Product Type (Million Tons)

5.2.4. Europe Polyurethane Market, By Product Type (USD Billion)

5.2.5. Europe Polyurethane Market, By Application (Million Tons)

5.2.6. Europe Polyurethane Market, By Application (USD Billion)

5.2.7. Europe Polyurethane Market, By Country

5.2.7.1. Germany

5.2.7.1.1. Germany Polyurethane Market Size (Million Tons)

5.2.7.1.2. Germany Polyurethane Market Size (USD Billion)

5.2.7.2. France

5.2.7.2.1. France Polyurethane Market Size (Million Tons)

5.2.7.2.2. France Polyurethane Market Size (USD Billion)

5.2.7.3. The U.K.

5.2.7.3.1. U.K. Polyurethane Market Size (Million Tons)

5.2.7.3.2. U.K. Polyurethane Market Size (USD Billion)

5.2.7.4. Italy

5.2.7.4.1. Italy Polyurethane Market Size (Million Tons)

5.2.7.4.2. Italy Polyurethane Market Size (USD Billion)

5.2.7.5. Russia

5.2.7.5.1. Russia Polyurethane Market Size (Million Tons)

5.2.7.5.2. Russia Polyurethane Market Size (USD Billion)

5.2.7.6. Spain

5.2.7.6.1. Spain Polyurethane Market Size (Million Tons)

5.2.7.6.2. Spain Polyurethane Market Size (USD Billion)

5.2.7.7. Turkey

5.2.7.7.1. Turkey Polyurethane Market Size (Million Tons)

5.2.7.7.2. Turkey Polyurethane Market Size (USD Billion)

5.2.7.8. Rest of Europe

5.2.7.8.1. Rest of Europe Polyurethane Market Size (Million Tons)

5.2.7.8.2. Rest of Europe Polyurethane Market Size (USD Billion)

5.3. Asia-Pacific Polyurethane Market

5.3.1. Asia-Pacific Polyurethane Market, By Raw Material (Million Tons)

5.3.2. Asia-Pacific Polyurethane Market, By Raw Material (USD Billion)

5.3.3. Asia-Pacific Polyurethane Market, By Product Type (Million Tons)

5.3.4. Asia-Pacific Polyurethane Market, By Product Type (USD Billion)

5.3.5. Asia-Pacific Polyurethane Market, By Application (Million Tons)

5.3.6. Asia-Pacific Polyurethane Market, By Application (USD Billion)

5.3.7. Asia-Pacific Polyurethane Market, By Country

5.3.7.1. China

5.3.7.1.1. China Polyurethane Market Size (Million Tons)

5.3.7.1.2. China Polyurethane Market Size (USD Billion)

5.3.7.2. Japan

5.3.7.2.1. Japan Polyurethane Market Size (Million Tons)

5.3.7.2.2. Japan Polyurethane Market Size (USD Billion)

5.3.7.3. India

5.3.7.3.1. India Polyurethane Market Size (Million Tons)

5.3.7.3.2. India Polyurethane Market Size (USD Billion)

5.3.7.4. South Korea

5.3.7.4.1. South Korea Polyurethane Market Size (Million Tons)

5.3.7.4.2. South Korea Polyurethane Market Size (USD Billion)

5.3.7.5. Thailand

5.3.7.5.1. Thailand Polyurethane Market Size (Million Tons)

5.3.7.5.2. Thailand Polyurethane Market Size (USD Billion)

5.3.7.6. Vietnam

5.3.7.6.1. Vietnam Polyurethane Market Size (Million Tons)

5.3.7.6.2. Vietnam Polyurethane Market Size (USD Billion)

5.3.7.7. Rest of Asia-Pacific

5.3.7.7.1. Rest of Asia-Pacific Polyurethane Market Size (Million Tons)

5.3.7.7.2. Rest of Asia-Pacific Polyurethane Market Size (USD Billion)

5.4. South America Polyurethane Market

5.4.1. South America Polyurethane Market, By Raw Material (Million Tons)

5.4.2. South America Polyurethane Market, By Raw Material (USD Billion)

5.4.3. South America Polyurethane Market, By Product Type (Million Tons)

5.4.4. South America Polyurethane Market, By Product Type (USD Billion)

5.4.5. South America Polyurethane Market, By Application (Million Tons)

5.4.6. South America Polyurethane Market, By Application (USD Billion)

5.4.7. South America Polyurethane Market, By Country

5.4.7.1. Brazil

5.4.7.1.1. Brazil Polyurethane Market Size (Million Tons)

5.4.7.1.2. Brazil Polyurethane Market Size (USD Billion)

5.4.7.2. Argentina

5.4.7.2.1. Argentina Polyurethane Market Size (Million Tons)

5.4.7.2.2. Argentina Polyurethane Market Size (USD Billion)

5.4.7.3. Rest of South America

5.4.7.3.1. Rest of South America Polyurethane Market Size (Million Tons)

5.4.7.3.2. Rest of South America Polyurethane Market Size (USD Billion)

5.5. Middle East & Africa (MEA) Polyurethane Market

5.5.1. Middle East & Africa (MEA) Polyurethane Market, By Raw Material (Million Tons)

5.5.2. Middle East & Africa (MEA) Polyurethane Market, By Raw Material (USD Billion)

5.5.3. Middle East & Africa (MEA) Polyurethane Market, By Product Type (Million Tons)

5.5.4. Middle East & Africa (MEA) Polyurethane Market, By Product Type (USD Billion)

5.5.5. Middle East & Africa (MEA) Polyurethane Market, By Application (Million Tons)

5.5.6. Middle East & Africa (MEA) Polyurethane Market, By Application (USD Billion )

5.5.7. Middle East & Africa (MEA) Polyurethane Market, By Country

5.5.7.1. Saudi Arabia

5.5.7.1.1. Saudi Arabia Polyurethane Market Size (Million Tons)

5.5.7.1.2. Saudi Arabia Polyurethane Market Size (USD Billion)

5.5.7.2. UAE

5.5.7.2.1. UAE Polyurethane Market Size (Million Tons)

5.5.7.2.2. UAE Polyurethane Market Size (USD Billion)

5.5.7.3. South Africa

5.5.7.3.1. South Africa Polyurethane Market Size (Million Tons)

5.5.7.3.2. South Africa Polyurethane Market Size (USD Billion)

5.5.7.4. Rest of Middle East and Africa

5.5.7.4.1. Rest of MEA Polyurethane Market Size (Million Tons)

5.5.7.4.2. Rest of MEA Polyurethane Market Size (USD Billion)

CHAPTER 6. Key Players and Strategic Developments

6.1. Covestro AG

6.1.1. Business Overview

6.1.2. Product and Service Offering

6.1.3. Financial Overview

6.1.4. SWOT Analysis

6.1.5. Strategic Developments

6.2. BASF SE

6.2.1. Business Overview

6.2.2. Product and Service Offering

6.2.3. Financial Overview

6.2.4. SWOT Analysis

6.2.5. Strategic Developments

6.3. DowDuPont

6.3.1. Business Overview

6.3.2. Product and Service Offering

6.3.3. Financial Overview

6.3.4. SWOT Analysis

6.3.5. Strategic Developments

6.4. Wood bridge Foam Corporation

6.4.1. Business Overview

6.4.2. Product and Service Offering

6.4.3. Financial Overview

6.4.4. SWOT Analysis

6.4.5. Strategic Developments

6.5. Mitsui Chemicals Inc.

6.5.1. Business Overview

6.5.2. Product and Service Offering

6.5.3. Financial Overview

6.5.4. SWOT Analysis

6.5.5. Strategic Developments

6.6. Huntsman Corporation

6.6.1. Business Overview

6.6.2. Product and Service Offering

6.6.3. Financial Overview

6.6.4. SWOT Analysis

6.6.5. Strategic Developments

6.7. Chemtura Corporation

6.7.1. Business Overview

6.7.2. Product and Service Offering

6.7.3. Financial Overview

6.7.4. SWOT Analysis

6.7.5. Strategic Developments

6.8. Wanhua Chemical Group Co., Ltd.

6.8.1. Business Overview

6.8.2. Product and Service Offering

6.8.3. Financial Overview

6.8.4. SWOT Analysis

6.8.5. Strategic Developments

6.9. Nippon Polyurethane Industry Corp Ltd.

6.9.1. Business Overview

6.9.2. Product and Service Offering

6.9.3. Financial Overview

6.9.4. SWOT Analysis

6.9.5. Strategic Developments

6.10. Manali Petrochemicals Ltd.

6.10.1. Business Overview

6.10.2. Product and Service Offering

6.10.3. Financial Overview

6.10.4. SWOT Analysis

6.10.5. Strategic Developments

6.11. Tosoh Corporation

6.11.1. Business Overview

6.11.2. Product and Service Offering

6.11.3. Financial Overview

6.11.4. SWOT Analysis

6.11.5. Strategic Developments

6.12. Abbreviations

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Global Polyurethane (PU) Market Outlook,Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023

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The post Global Polyurethane (PU) Market Outlook,Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023 appeared first on Energias Market Research.



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