Polyurethane Market Size is expected to reach USD 87.54 billion, Trends, Growth Strategies and Forecast to 2029 – Dow Inc., BASF SE, Covestro AG, Huntsman International LLC

The global market for Polyurethane estimated at USD 55 billion in 2022, is projected to reach a revised size of USD 87.54 billion by 2029 registering a compounded annual growth rate (CAGR) of 5.3% over the period 2023-2029.

The Latest Report Research Exactitude Consultancy published a report titled Polyurethane Market which offers a detailed description of the market trends, growth drivers, opportunities, and the challenges associated with the growth of the market in the forthcoming years. The report gives an actionable market insight to the clients/vendors with which sustainable and profitable business strategies can be created. This Report Polyurethane Market by researchers gives an insight into the trending modern situation and the future growth of the industry for the length of 2023-2029. This analysis can help you expand your business by targeting qualified niche markets.

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Polyurethane Market Drivers:

• Throughout the forecast period, the market is anticipated to be driven by the expanding demand for polyurethane from the packaging, construction and automotive industries. The construction industry is expanding quickly due to solid market fundamentals for commercial real estate and rising state and federal funding for public works and institutional projects.
• The South San Francisco Civic Center campus, LaGuardia Airport Construction Project, O’Hare Airport Construction Project and Second Avenue Subway Construction Project are just a few of the ongoing U.S. construction projects that are expected to increase demand for polyurethane in the construction industry over the coming years.

Polyurethane Market Restraints:

• The risky impact of polyurethane on the environment could limit market expansion. Due to the industrial release of TDI, which pollutes the air, the raw materials used to make polyurethane, such as MDI and TDI, are considered environmentally hazardous. After evaluating and checking the TDI levels, Environment Canada and Health Canada concluded that their concentration harms human health.
• Environment Canada has released a Pollution Prevention (P2) Planning Notice to ensure proper environmental management of TDI discharges. Additionally, landfills have been outlawed in Europe, specifically for waste tires and PU products, to fully utilize PU’s enormous potential as a coal-alternative energy source and reduce environmental pollution.

Competitive Assessment:

The main research methodology applied here by the research team is data triangulation, which includes data mining, analysis of the impact of data variables on the market, and primary (industry experts) validation. This report helps to gather information about all the above factors by providing actionable market insights and comprehensive analysis. The Polyurethane market report mainly focuses on important aspects of the market which include historical data, current market trends, environment, technological innovations, upcoming technologies, and technological advancement in the industry among others.

Leading market players in the Polyurethane market is focusing on strategies such as expansion, new product launches, and acquisitions to gain large market share and enhance their global presence in the target market. Some Key Competitors of the Polyurethane market is Dow Inc., BASF SE, Covestro AG, Huntsman International LLC, Eastman Chemical Company, Mitsui & Co. Plastics Ltd., Mitsubishi Chemical Corporation, Recticel NV/SA, Woodbridge, DIC Corporation, RTP Company, The Lubrizol Corporation, RAMPF Holding GmbH & Co. and others.

Polyurethane Market Recent Developments

• July 2022: DIC acquired a Chinese coating resin manufacturer named Guangdong TOD New Material Co. Ltd. The acquisition helped DIC Corporation expand its Asian market capacity for different resins, including acrylic, alkyd, polyester, urethane, and epoxy.
• February 2022: BASF SE and NEVEON collaborated on mattress recycling. BASF was developing a wet chemical recycling process for used mattresses made of PU, whereby new beds can be made using alternative polyurethane.

Polyurethane Market Segmentation:

Polyurethane Market by Material Type, 2023-2029, (USD Million)

• Polyol
• MDI
• TDI
• Others

Polyurethane Market by Product Type, 2023-2029, (USD Million)

• Flexible Foam
• Rigid Foam
• Coating
• Adhesive and Sealants
• Elastomers
• Others

Polyurethane Market by End User, 2023-2029, (USD Million)

• Building and Construction
• Automotive and Transportation
• Bedding and Furniture
• Footwear
• Appliances and White Goods
• Others

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Regional Framework

The Polyurethane Market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the years 2023-2029 with respect to five major regions. The market by each region is later sub-segmented by respective countries and segments. The Polyurethane market report covers the analysis and forecast globally along with the current trend and opportunities prevailing in the region.

⇨ North America (United States, Canada, and Mexico)

⇨ Europe (Germany, France, UK, Russia, and Italy)

⇨ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

⇨ South America (Brazil, Argentina, Colombia, etc.)

⇨ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

This Report Also Includes:

» Polyurethane Market Insights methodology

» Tactics and suggestions for new entrants

» Segmentation analysis

» Economic indices

» Companies’ strategic developments

» Polyurethane Market growth drivers and restraints

» Selected illustrations of the market penetrations and trends

Crucial insights in Polyurethane research report:

• Underlying macro- and microeconomic factors impacting the Sales of Polyurethane.
• Basic overview of the Polyurethane, including market definition, classification, and applications.
• Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
• Adoption trend and supply side analysis of Polyurethane across various industries.
• Important regions and countries offering lucrative opportunities to market stakeholders.

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The Study Objectives are:

✔ An in-depth look at the key players in the Polyurethane market, as well as the data that goes with them.

✔ It includes a product portfolio, annual revenue, research and development spending, geographic presence, recent key developments, and growth strategies.

✔ Regional analysis, which includes information on the dominant Polyurethane market and its share of the market.

✔ It also includes various socioeconomic factors that influence the market’s evolution in the region.

✔ The report provides a detailed look at various members of the value chain, including raw material suppliers, distributors, and stockholders.

Key questions answered in the report:
✦ What is the Polyurethane market’s growth potential?
✦ Which product category will be the most profitable?
✦ In the coming years, which regional market will emerge as a leader?
✦ Which application segment will continue to expand at a steady rate?
✦ What are the potential growth opportunities in the Polyurethane Market in the coming years?
✦ What are the most significant challenges that the global Polyurethane Markets may face in the future?
✦ What are the top companies in the global Polyurethane market?
✦ What are the main trends that are positively impacting the market’s growth?

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