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Polyurethane (PU) Market Expected to Reach USD 116.27 Billion By 2027 | Key Players: BASF SE, Dow Chemical Company, Eastman Chemical Co and Others

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Polyurethane (PU) Market Expected to Reach USD 116.27 Billion By 2027 | Key Players: BASF SE, Dow Chemical Company, Eastman Chemical Co and Others

March 31
04:26 2021
Polyurethane (PU) Market Expected to Reach USD 116.27 Billion By 2027 | Key Players: BASF SE, Dow Chemical Company, Eastman Chemical Co and Others

Reports And Data
Escalating demand for durable and lightweight materials in various end-use applications is one of the significant factors influencing the market growth.
Polyurethane (PU) Market Size – USD 65.42 billion in 2018, Market Growth – CAGR of 6.5%, Market Trends – Growing demand in building insulation for conserving energy

The global polyurethane (PU) market is expected to reach USD 116.27 Billion by 2027, according to a new report by Reports and Data. The growth of the market is owing to the growing use of polyurethanes in various end-use applications.

In the construction industry, polyurethanes find extensive application in making high-performance products possessing properties such as lightweight, good strength, efficient performance, and durability, among others. Moreover, these products are beneficial in improving the visual aspects of homes and buildings. Furniture and carpets are one of the most sought after applications of polyurethanes and these products are completely cured before being sold. According to the U.S. Environmental Protection Agency (EPA), completely cured polyurethane products are assumed to be inert and non-toxic.

The application of polyurethanes in the electronic industry is likely to boost market demand in the upcoming years. Polyurethanes are often used to cover, seal, and insulate delicate, pressure-sensitive underwater cables, microelectronic components, and PCBs (Printed Circuit Board). Polyurethane potting compounds are particularly formulated to cater to a diverse range of thermal, physical, and electrical properties. They shield electronic products by providing exceptional adhesive and dielectric properties, along with excellent water, solvent, and temperature resistance.

Additionally, growing awareness regarding lightweight materials in vehicles to improve their fuel-efficiency is anticipated to propel the market in the upcoming years.

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Further key findings from the report suggest

  • By product type, flexible foam contributed to the largest market share in 2018 and is likely to grow at a rate of 6.7% in the forecast period. Flexible foams are eco-friendly products as these are mostly composed of air, and are extremely lightweight and hence assist in emission reduction in transport applications.
  • By distribution channel, the offline channel dominated the market in 2018. Offline channel is the most preferred channel for distribution as it includes the opportunity for customers to create personal connections with business, which is beneficial in building loyalty.
  • By application, the footwear is estimated to grow at a significant rate in the forecast period. The main use of polyurethanes in footwear is to fix the sole to the remaining portion of the shoe. Polyurethane adhesives are appropriate for this use as they offer a strong bond that can increase the longevity of the shoe.
  • The market in the Asia Pacific region dominated the market in 2018 and is estimated to witness a growth rate of 7.0% in the period 2019-2027. Rapid urbanization, as well as the growth of the construction industry in developing countries such as India and China, are among the factors responsible for the high market demand in the region.
  • Key participants include BASF SE, Dow Chemical Company, Eastman Chemical Co., Huntsman Corp., Mitsui Chemicals Inc., Covestro, Nippon Polyurethane Industry Corp. Ltd., Woodbridge Foam Corp., RTP Company, and DIC Corp., among others.

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For the purpose of this report, Reports and Data have segmented the global polyurethane market on the basis of product type, distribution channel, application, and region:

Product Type Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

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

Distribution Channel Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

  • Online
  • Offline

Application Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

  • Construction
  • Furniture
  • Electronics
  • Automotive
  • Footwear
  • Packaging
  • Others

Regional Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Table of Content:

Chapter 1. Market Synopsis
    1.1. Market Definition
    1.2. Research Scope & Premise
    1.3. Methodology
    1.4. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2018-2027
Chapter 3. Indicative Metrics
Chapter 4. Polyurethane Segmentation & Impact Analysis
    4.1. Polyurethane Material Segmentation Analysis
    4.2. Industrial Outlook
         4.2.1. Market indicators analysis
         4.2.2. Market drivers analysis
                   4.2.2.1. Escalating demand for durable and lightweight materials in various end-use applications
                   4.2.2.2. Growing demand in building insulation for conserving energy
                   4.2.2.3. A rise in the level of disposable income
         4.2.3. Market restraints analysis
                   4.2.3.1. Volatility in the price of raw materials
                   4.2.3.2. Stringent regulatory norms
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. ETOP Analysis
    4.6. Porter’s Five Forces Analysis
    4.7. Competitive Metric Space Analysis
    4.8. Price trend Analysis
Chapter 5. Polyurethane Market By Product Type Insights & Trends
    5.1. Product Type dynamics & Market Share, 2019 & 2027
    5.2. Rigid Foam
          5.2.1. Market estimates and forecast, 2016 – 2027 (USD Million) (Kilo Tons)
          5.2.2. Market estimates and forecast, by region, 2016 – 2027 (USD Million) (Kilo Tons)
    5.3. Flexible Foam
          5.3.1. Market estimates and forecast, 2016 – 2027 (USD Million) (Kilo Tons)
          5.3.2. Market estimates and forecast, by region, 2016 – 2027 (USD Million) (Kilo Tons)
    5.4. Molded Foam
          5.4.1. Market estimates and forecast, 2016 – 2027 (USD Million) (Kilo Tons)
          5.4.2. Market estimates and forecast, by region, 2016 – 2027 (USD Million) (Kilo Tons)
    5.5. Coatings
           5.5.1. Market estimates and forecast, 2016 – 2027 (USD Million) (Kilo Tons)
           5.5.2. Market estimates and forecast, by region, 2016 – 2027 (USD Million) (Kilo Tons)
    5.6. Elastomers
           5.6.1. Market estimates and forecast, 2016 – 2027 (USD Million) (Kilo Tons)
           5.6.2. Market estimates and forecast, by region, 2016 – 2027 (USD Million) (Kilo Tons)
    5.7. Adhesives & Sealants
           5.7.1. Market estimates and forecast, 2016 – 2027 (USD Million) (Kilo Tons)
           5.7.2. Market estimates and forecast, by region, 2016 – 2027 (USD Million) (Kilo Tons)
    5.8. Others
          5.8.1. Market estimates and forecast, 2016 – 2027 (USD Million) (Kilo Tons)
          5.8.2. Market estimates and forecast, by region, 2016 – 2027 (USD Million) (Kilo Tons)
Chapter 6. Polyurethane Market By Distribution Channel Insights & Trends
    6.1. Distribution Channel Dynamics & Market Share, 2019 & 2027
    6.2. Online

Chapter 9. Competitive Landscape
    9.1. Market Revenue Share by Manufacturers
    9.2. Manufacturing Cost Breakdown Analysis
    9.3. Mergers & Acquisitions
    9.4. Market positioning
    9.5. Strategy Benchmarking
    9.6. Vendor Landscape
Chapter 10. Company Profiles
    10.1. BASF SE
           10.1.1. Company Overview
           10.1.2. Financial Performance
           10.1.3. Technology Insights
           10.1.4. Strategic Initiatives
    10.2. Dow Chemical Company
            10.2.1. Company Overview
            10.2.2. Financial Performance
            10.2.3. Technology Insights
            10.2.4. Strategic Initiatives
    10.3. Eastman Chemical Co.
            10.3.1. Company Overview
            10.3.2. Financial Performance
            10.3.3. Technology Insights
            10.3.4. Strategic Initiatives
    10.4. Huntsman Corp.
            10.4.1. Company Overview
            10.4.2. Financial Performance
            10.4.3. Technology Insights
            10.4.4. Strategic Initiatives
    10.5. Mitsui Chemicals Inc.
            10.5.1. Company Overview
            10.5.2. Financial Performance
            10.5.3. Technology Insights
            10.5.4. Strategic Initiatives
    10.6. Covestro
            10.6.1. Company Overview
            10.6.2. Financial Performance
            10.6.3. Technology Insights
            10.6.4. Strategic Initiatives
    10.7. Nippon Polyurethane Industry Corp. Ltd.
            10.7.1. Company Overview
            10.7.2. Financial Performance
            10.7.3. Technology Insights
            10.7.4. Strategic Initiatives
    10.8. Woodbridge Foam Corp.
            10.8.1. Company Overview
            10.8.2. Financial Performance
            10.8.3. Technology Insights
            10.8.4. Strategic Initiatives
    10.9. RTP Company
            10.9.1. Company Overview
            10.9.2. Financial Performance

Continue..

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