Polyurethanes Market by Raw Material Type (MDI, Polyol, TDI), Product (Adhesive & Sealant, Coatings, Elastomer), End User - Global Forecast 2024-2030


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Polyurethanes Market by Raw Material Type (MDI, Polyol, TDI), Product (Adhesive & Sealant, Coatings, Elastomer), End User - Global Forecast 2024-2030


The Polyurethanes Market size was estimated at USD 78.57 billion in 2023 and expected to reach USD 82.43 billion in 2024, at a CAGR 5.13% to reach USD 111.56 billion by 2030.

Global Polyurethanes Market

Polyurethane is a polymer composed of organic units joined by carbamate (urethane) links. Polyurethanes are used in a myriad of applications owing to their versatility and superior performance characteristics. Polyurethanes are predominantly used in the production of foams, with flexible foams being key in furniture and bedding and rigid foams utilized for insulation in construction. They serve as essential components in the automotive industry for seating, interiors, and in the manufacturing of tires. Rising demands in the automotive, construction, and furniture industries for lightweight, durable, and energy-efficient materials are expanding the usage of polyurethane. Advancements in material technology, along with increasing focus on sustainability and eco-friendly products, are also significant contributors to the growth of the polyurethane market. Environmental challenges associated with the use of isocyanates and disposal of non-biodegradable materials hamper market growth. Volatility in raw material prices and stringent regulations concerning the handling and use of hazardous chemicals can also hinder market growth. The development of bio-based polyurethanes that reduce reliance on petrochemicals and address environmental concerns is creating opportunities for market expansion. Moreover, the focus on energy-efficient buildings fosters the use of polyurethane insulation materials.

Regional Insights

In the Americas, with the United States at the forefront, there exists a significant market for polyurethanes, driven by well-established automotive, furniture, and construction sectors. Recently, investments in sustainable and bio-based polyurethane products have risen, showcasing a shift toward environmentally friendly solutions. Notable patents in the U.S. include innovations in recyclable polyurethane compositions, demonstrating a commitment to reducing environmental impact. The European Union’s polyurethane market is highly regulated, with significant emphasis on reducing volatile organic compounds (VOCs) and adhering to the REACH regulations. The region has seen considerable research into alternative materials, including bio-based polyols, as part of its commitment to the circular economy. The EU's customer base is increasingly knowledgeable and demanding sustainability-certified polyurethane products, which has guided both product development and investment. Within the larger EMEA region, the Middle East has emerged as a key supplier of petrochemical feedstock for polyurethane production, attracting international investments in production facilities. In Africa, the market exhibits potential for growth in consumer goods and automotive industries. However, needs and behaviors vary widely across countries. The Asia Pacific region has been witnessing robust growth in the polyurethanes market. China remains the largest market in the region, propelled by vast industrialization and governmental support in the form of subsidies and initiatives that cater to domestic demand for consumer products.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Polyurethanes Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Polyurethanes Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Polyurethanes Market, highlighting leading vendors and their innovative profiles. These include BASF SE, Bonaprene Products Ltd, Carpenter Co., Covestro AG, DIC Corporation, Dow Chemical Company, Eastman Chemical Company, FallLine Corporation, Future Foam, Inc., Fxi-Foamex Innovations, Huntsman International LLC, LANXESS AG, Mitsubishi Chemical Corporation, Plastym SA, RAMPF Holding GmbH & Co. KG, RTP Company, Shakun Industries, Sika Group, Sunstar Inc., TECHNO FOAM JAPAN CO., LTD., The Lubrizol Corporation, Tosoh Corporation, Tri-Urethane Mfg. Inc., Wanhua Chemical Group Co., Ltd., Weaver Industries Inc., and Woodbridge Foam Corporation.

Market Segmentation & Coverage

This research report categorizes the Polyurethanes Market to forecast the revenues and analyze trends in each of the following sub-markets:

Raw Material Type
MDI
Polyol
TDI
Product
Adhesive & Sealant
Coatings
Elastomer
Flexible Foam
Rigid Foam
End User
Automotive
Building & Construction
Electronics & Appliances
Footwear
Furniture & Interior
Packaging
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Polyurethanes Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Polyurethanes Market?
3. What are the technology trends and regulatory frameworks in the Polyurethanes Market?
4. What is the market share of the leading vendors in the Polyurethanes Market?
5. Which modes and strategic moves are suitable for entering the Polyurethanes Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Polyurethanes Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing demand for lightweight and durable products in the automobile sector
5.1.1.2. Growing use of polyurethane in refrigeration applications
5.1.1.3. Rising demand for low-VOC, green, and sustainable polyurethane
5.1.2. Restraints
5.1.2.1. Volatility in prices of raw materials associated with polyurethane
5.1.3. Opportunities
5.1.3.1. Growing advancements in the development of polyurethane
5.1.3.2. Emerging potential in the wind energy sector
5.1.4. Challenges
5.1.4.1. Environmental hazards associated with polyurethane
5.2. Market Segmentation Analysis
5.2.1. Raw Material Type: Growing usage of methylene diphenyl diisocyanate due to its higher molecular weight and functionality
5.2.2. Product: Rising demand for polyurethane adhesives & sealants across various construction, automotive, and footwear industries
5.2.3. End User: Increasing potential of polyurethanes across the automotive sector for seating, insulation, suspension bushings, and interior trim
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Polyurethanes Market, by Raw Material Type
6.1. Introduction
6.2. MDI
6.3. Polyol
6.4. TDI
7. Polyurethanes Market, by Product
7.1. Introduction
7.2. Adhesive & Sealant
7.3. Coatings
7.4. Elastomer
7.5. Flexible Foam
7.6. Rigid Foam
8. Polyurethanes Market, by End User
8.1. Introduction
8.2. Automotive
8.3. Building & Construction
8.4. Electronics & Appliances
8.5. Footwear
8.6. Furniture & Interior
8.7. Packaging
9. Americas Polyurethanes Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Polyurethanes Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Polyurethanes Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
12.3.1. Merger & Acquisition
12.3.1.1. Mearthane Products Corporation Acquires American Urethane
12.3.2. Agreement, Collaboration, & Partnership
12.3.2.1. Selena Group and Covestro Collaborate for Polyurethane Foams
12.3.3. New Product Launch & Enhancement
12.3.3.1. New Product Announcement: Thermoplastic Polyurethane
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. BASF SE
13.1.2. Bonaprene Products Ltd
13.1.3. Carpenter Co.
13.1.4. Covestro AG
13.1.5. DIC Corporation
13.1.6. Dow Chemical Company
13.1.7. Eastman Chemical Company
13.1.8. FallLine Corporation
13.1.9. Future Foam, Inc.
13.1.10. Fxi-Foamex Innovations
13.1.11. Huntsman International LLC
13.1.12. LANXESS AG
13.1.13. Mitsubishi Chemical Corporation
13.1.14. Plastym SA
13.1.15. RAMPF Holding GmbH & Co. KG
13.1.16. RTP Company
13.1.17. Shakun Industries
13.1.18. Sika Group
13.1.19. Sunstar Inc.
13.1.20. TECHNO FOAM JAPAN CO., LTD.
13.1.21. The Lubrizol Corporation
13.1.22. Tosoh Corporation
13.1.23. Tri-Urethane Mfg. Inc.
13.1.24. Wanhua Chemical Group Co., Ltd.
13.1.25. Weaver Industries Inc.
13.1.26. Woodbridge Foam Corporation
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
FIGURE 1. POLYURETHANES MARKET RESEARCH PROCESS
FIGURE 2. POLYURETHANES MARKET SIZE, 2023 VS 2030
FIGURE 3. POLYURETHANES MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. POLYURETHANES MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. POLYURETHANES MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. POLYURETHANES MARKET DYNAMICS
FIGURE 7. POLYURETHANES MARKET SIZE, BY RAW MATERIAL TYPE, 2023 VS 2030 (%)
FIGURE 8. POLYURETHANES MARKET SIZE, BY RAW MATERIAL TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. POLYURETHANES MARKET SIZE, BY PRODUCT, 2023 VS 2030 (%)
FIGURE 10. POLYURETHANES MARKET SIZE, BY PRODUCT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. POLYURETHANES MARKET SIZE, BY END USER, 2023 VS 2030 (%)
FIGURE 12. POLYURETHANES MARKET SIZE, BY END USER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS POLYURETHANES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 14. AMERICAS POLYURETHANES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES POLYURETHANES MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 16. UNITED STATES POLYURETHANES MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC POLYURETHANES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC POLYURETHANES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA POLYURETHANES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA POLYURETHANES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. POLYURETHANES MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 22. POLYURETHANES MARKET SHARE, BY KEY PLAYER, 2023

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