Polyurethane Market will worth USD 87.54 billion, at a CAGR of 5.3% till 2029 | Dow Inc., BASF SE, Covestro AG, Huntsman International LLC
The careful efforts of professional forecasters, skilled analysts, and intelligent researchers have resulted in the creation of the Polyurethane Market research study. Companies can better understand the different types of consumers, consumer demands and preferences, perspectives on the product, purchasing intentions, reactions to individual products that are already on the market. Thanks to the detailed and current information provided in this report. By dealing with a wide range of market analyses, product definition, market segmentation, important developments, and the current vendor landscape through 2029, the Polyurethane Market Report offers a complete overview of the market.
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Market Overview (2023-2029):
Historical Market Size (2022): USD 55 billion in 2022
Forecast CAGR (2023-2029): 5.3%
Forecast Market Size (2029): USD 87.54 billion by 2029
Also, the vendor landscape and competitive scenarios of the Polyurethane market are broadly analysed to help market players gain competitive advantage over their competitors. Readers are provided with detailed analysis of important competitive trends of the Polyurethane market. Market players can use the analysis to prepare themselves for any future challenges well in advance. They will also be able to identify opportunities to attain a position of strength in the Polyurethane market. Furthermore, the analysis will help them to effectively channelize their strategies, strengths, and resources to gain maximum advantage in the market.
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.
Market Dynamics
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 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
Regions included in the report Polyurethane Market:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
- South America (Colombia, Brazil, Argentina, Rest of South America)
- Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Highlight the Following Key Factors:
- Business description: a detailed description of company operations and business departments.
- Company strategy: The analyst’s summary of the company’s business strategy.
- SWOT analysis: Detailed analysis of the company’s strengths, weaknesses, opportunities, and threats.
- Company History: The progress of major events related to the company.
- Main products and services: A list of the company’s main products, services, and brands.
- Main competitors: A list of the company’s main competitors.
- Important locations and subsidiaries: The company’s main locations and subsidiaries’ list and contact information.
- Detailed financial ratios of the past five years: The latest financial ratios come from the annual financial statements issued by companies with a history of five years.
What this report provides?
▶ GTM (Go-to-Market) strategy
▶ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer)
▶ Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, QMI quadrant, and other significant analysis, as well as development status
▶ Recent market developments and it’s futuristic growth opportunities
▶ Customized regional/country reports as per request
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☛ Reliable Method: To ensure high-level data integrity, accurate analysis, and impeccable forecasts
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Key Points from TOC:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Polyurethane Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Global Statistics — Key Countries
- New Product Launches
- Pipeline Analysis
- Regulatory Scenario — Key Countries
- Recent Industry Developments — Partnerships, Mergers and Acquisitions
- Global Market Analysis, Insights and Forecast
- Key Findings/ Summary
- Polyurethane Market Analysis — By Product Type
- Market Analysis — By Distribution Channel
- Market Analysis — By Countries/Sub-regions
- Competitive Analysis
- Key Industry Developments
- Global Polyurethane Market Share Analysis
- Competition Dashboard
- Comparative Analysis — Major Players
- Company Profiles
- Overview
- Products and Services
- SWOT Analysis
- Recent developments
- Major Investments
- Regional Market Size and Demand
- Strategic Recommendations
TOC Continued……………….
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