Global Polyurethane Market Research Report- Forecast to 2022

Global Polyurethane Market Information- by Product (Rigid Foam, Flexible Foam, Adhesives & Sealants, Coatings, Elastomers, Others), by End User Industry (Construction, Furniture, Automotive, Electronics appliances, Footwear, Packaging, Others) and by Region - Forecast till 2022
Synopsis of Polyurethane Market
Polyurethane are linear polymers also known as polycarbamate, which belongs to large class of compounds called as polymers. Polyurethane material was developed as alternative to natural rubber. Polyurethane is processed by reacting a class of plastic material called as polyol with diisocyanate or a polymeric isocyanate in presence of catalysts and additives. They are used in manufacturing surface coatings, adhesives, textiles, building insulations material etc. High performance, lightweight, flexibility, resistance to oil, water and grease along with rise in demand from automotive and furniture for usage in interiors, seat cushioning and insulation foam are expected to fuel the polyurethane market growth.
Rise in infrastructure activities and increase in spending by government in construction of commercialized buildings has also propel the demand of rigid and flexible polyurethane foam market. Growing demand of green & sustainable infrastructure by utilization of effective & insulated foams are expected to drive the market growth. Thus, ability of polyurethane to withstand external impacts along with low thermal conductivity is augmented to drive the overall market. Polyurethane is used to manufacturer seat frames which makes the material 35% lighter than metal strap frames. Thus, increasing demand of high performance and lightweight interior components, cushion foams in automotive parts to foster energy saving has fuel the demand for polyurethane market growth. With rising carbon emission levels from numerous manufacturing process has driven the attention of many regulatory bodies such as Environmental Protection Agency (EPA) to lower down the greenhouse gases (GHG) emission. Further, combating the alarming pollution levels, usage of polyurethane material by end use industries will drive the market growth. According to MRFR analysis, the global demand of polyurethane is expected to rise to USD 81,700.6 million in 2022 with CAGR of 6.51% during 2016-2022
Global Polyurethane Market Share, By Product, 2016 (%)

Sources: The Polyurethane Association, Chemical Journals, White Papers, Annual Reports, Company Websites, Comtrade, Factiva and MRFR Analysis

Regional Analysis
Geographically, Asia Pacific region accounts for 34% of market share in the global polyurethane followed by Europe and North America. The increasing investments by government as well as private sector in construction activities are driving the regional market growth. Automotive industry are tapping smaller regions for ease of manufacturing and supply of raw materials. Rigid foam are extensively used for insulation in construction as well as in refrigerators which are further expected to drive the Asia Pacific regional growth. Flexible foam market revenue are projected to grow at CAGR of 6.7% from 2016-2022, due to changing lifestyle of consumer and this in turn will benefit the polyurethane product penetration in this region. China accounted for 54% of market share and is the largest producer and consumer of polyurethane owing to skilled labor, easy availability of raw materials and lenient government regulations. Countries like India are the growing market for polyurethane due to favorable government regulations along with ‘Make in India’ campaign started recently to foster the manufacturing activities in country. Almost 60% of market accounted by top players such as BASF SE, Covestro AG, The Dow Chemical Company and Hunstman Corporation. Thus, major players in market are entering strategic alliance with smaller regional players in order to increase market share globally.
Key players in automobile and construction industry are adopting low cost technology along with lightweight material for production. Hence, polyurethane market is anticipated to witness sustainable growth over the forecasted period. Development of bio based polyurethane coating such as poly-aspartic and 2K waterborne polyurethane technology has opened opportunities for industry players.
Elastomers are the fastest growing product in market owing to shift in trend of replacing rubber components with polymers. North America and Europe region being prominent players in automobile and consumer appliances drive the insulators and sealants for energy efficiency in polyurethane market over the forecasted period. Rising government initiatives for green building in Europe and North America is also expected to drive the polyurethane market growth.
Competitive analysis:
The global polyurethane market is dominated by tier 1 manufacturer and accounted for more than 60% of revenue of global polyurethane market. Key players of the global polyurethane market are BASF SE (Germany), The Dow Chemical Company (U.S), Huntsman Corporation (U.S), Tosoh Corporation (Japan), Covestro AG (Germany), DIC Corporation (Japan) and Eastman Chemical Company (U.S.) among others.
Key Findings
The global polyurethane market is growing drastically owing to high penetration of product in end use industries such as construction, automobile, furniture and electronic appliances. On basis of product, rigid foam and flexible foam dominates the market in terms of value and volume, together both the segments accounts for 56.7% of revenue share of the global polyurethane market. Based on end use industry, construction and furniture industry accounts for largest share with maximum of one-third of the revenue. Further, with increasing disposable income in countries like China, India, Japan and Brazil will benefit product penetration. However, rise in spending on upholstery, vehicle seating, insulation in refrigerator and construction has also opened lucrative opportunities for industry players in this region. Regionally, Asia-Pacific is the dominating market for polyurethane followed by Europe and North America. Asia-Pacific market is expected to maintain its dominance throughout the forecast period in terms of value share, expanding at a CAGR of 6.69%.
Geographic Analysis
The report covers brief analysis of geographical region such as:
• North America
o US
o Canada
• Europe
o Germany
o France
o Italy
o U.K.
o Spain
o Rest of Europe
• APAC
o China
o India
o Japan
o Rest of Asia-Pacific
• RoW
o Latin America
o Middle East & Africa

Intended Audience
• Polyurethane manufacturers
• Traders and distributors of Polyurethane
• Production Process industries
• Potential investors
• Raw material suppliers
• Nationalized laboratory
DC –Description
• Polyurethane Paint
• Polyurethane Coating
• Polyurethane Foam
• Polyurethane Resin
• Minwax Polyurethane
• Polyurethane Varnish

Frequently Asked Questions