Polyurethane Market 2022 Research Study, Future Trends, Industry Size, Growth in CAGR Value and Top Companies

October 11 21:45 2022
Polyurethane Market 2022 Research Study, Future Trends, Industry Size, Growth in CAGR Value and Top Companies
Browse 114 market data tables and 52 figures spread through 183 pages and in-depth TOC on “Polyurethane Market”
Polyurethane Market by Raw Material (MDI, TDI, Polyols), Product (Coatings, Adhesives & Sealants, Flexible & Rigid Foams, Elastomers), End User (Building & Construction, Automotive & Transportation, Bedding & Furniture)

Investments & expansions, new product launches, and mergers & acquisitions were the key strategies adopted by industry players to achieve growth in the polyurethane market between 2012 and 2016. Increasing demand for lightweight vehicles, higher living standards of populations, and the use of PU rigid foam for insulation applications in white goods, has led to a rise in the demand for polyurethane. Companies are adopting strategies such as, expansions, new product launches, and mergers & acquisitions. Some of the key players such as, Covestro AG (Germany), BASF SE (Germany), The Dow Chemical Company (U.S.), Wanhua Chemical Group Co. Ltd. (China), and Huntsman Corporation (U.S.), have adopted these strategies to develop their businesses, globally. 

Get PDF Brochure for Research Insights at: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=151784541  

The polyurethane market is mainly segmented on the basis of raw material type, product type, end–user, and region. The raw material type segment is further classified into Toluene Diisocyanate (TDI), Methylene Diphenyl Diisocyanate (MDI), polyols and others. The others include, Hexamethylene Diisocyanate (HDI), Isophorone Diisocyanate (IPDI), bio-based polyols, and graft polyols. Polyols are the fastest-growing segment in the polyurethane raw material type market.   

Rigid foam is projected to be the fastest-growing application segment in the polyurethane market, from 2016 to 2021. The use of polyurethane in rigid foam provides numerous advantages towards insulation in buildings, and white goods. The growing automotive & transportation sector is also leading to a high growth in the demand for the application of polyurethane in buses, trucks, railways, and aerospace.

The polyurethane market is mainly segmented on the basis of raw material type, product type, end–user, and region. The raw material type segment is further classified into Toluene Diisocyanate (TDI), Methylene Diphenyl Diisocyanate (MDI), polyols and others. The others include, Hexamethylene Diisocyanate (HDI), Isophorone Diisocyanate (IPDI), bio-based polyols, and graft polyols. Polyols are the fastest-growing segment in the polyurethane raw material type market.   

Get the Latest Version of the Report and be ahead of Your Competitors: https://www.marketsandmarkets.com/RequestNewVersion.asp?id=151784541  

Rigid foam is projected to be the fastest-growing application segment in the polyurethane market, from 2016 to 2021. The use of polyurethane in rigid foam provides numerous advantages towards insulation in buildings, and white goods. The growing automotive & transportation sector is also leading to a high growth in the demand for the application of polyurethane in buses, trucks, railways, and aerospace.

Covestro AG is a major player in the polyurethane market. The company’s wide range of business segments provide added advantage to the company’s profit margin, which enables the company to compensate losses from low performing business segments and enables investments in strategic expansions and R&D activities. The polyurethane business segment of the company earned about 50% of its revenue in 2015 and it is planning to invest further in the segment to enhance its sales globally. The company follows growth strategies such as capacity expansions to meet the growing demand, improve product cost competitiveness, and enhance its product portfolio for new applications by investing in R&D activities to cater to the market. Recently in June 2016, the company expanded its production capacity of Methylene Diphenyl Diisocyanate (MDI) to a total of approximately 400,000 metric tons per year at its Brunsbuttel, German site. 

Request for Bundle Report at https://www.marketsandmarkets.com/RequestBundleReport.asp?id=151784541 

BASF SE is another major player in the polyurethane market. Europe accounted for 40% of the overall company revenue in 2015. The performance product business segment of the company manufactures polyurethane systems for various products and end-users. The business segment earned about 23% of its revenue in 2015. The company’s business strategy mainly revolves around its targets for increasing global reach, delivering revenues, and launching innovative solutions through its products. As a part of its growth strategy, the company plans to establish new production facilities and expand its existing plant capacities which could enable the company to take advantage of the opportunities in the high growth polyurethane market. In September 2016, BASF SE expanded its polyurethane system house in Bangpoo, Thailand, as part of a move to convert the site into an ASEAN hub for the production of polyurethane systems. This expansion is expected to meet the growing market demands in the transportation and footwear segments in the ASEAN region.  

Apart from the above-mentioned market players, Mitsui Chemicals, Inc. (Japan), Chemtura Corporation (U.S.), Tosoh Corporation (Japan), and Manali Petrochemicals Limited (India) are the other important players in this market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/polyurethane-market-151784541.html