Global Polyurethanes (PU) Market 2023-2029

Global Polyurethanes (PU) Market 2023-2029

Polyurethanes are one of the most versatile polymers available today. They are widely used in a variety of applications such as footwear, furniture, bedding, textiles, coatings, electrical and electronic products, synthetic leather and adhesives. Polyurethane is a highly useful material and has gained significant popularity due to its inherent properties like strength, hydrolysis resistance, adhesion, elasticity and hardness. According to the latest estimates, the global polyurethanes market is set to achieve an incremental growth of USD 26.9 billion, accelerating at a CAGR of almost 6.33% during the forecast period 2023-2029.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global polyurethanes market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, material, application, end user, and region. The global market for polyurethanes can be segmented by product: thermoplastic polyurethanes (TPU), thermoset polyurethanes. The thermoset polyurethanes segment is estimated to account for the largest share of the global polyurethanes market. Polyurethanes market is further segmented by material: methylene diphenyl diisocyanate (MDI), polyols, toluene diisocyanate (TDI), others. The MDI segment held the largest revenue share in 2022. Based on application, the polyurethanes market is segmented into: adhesives and sealants, binders, coatings, elastomers, flexible foams, rigid foams, thermoplastic polyurethanes (TPU). Globally, the flexible foams segment made up the largest share of the polyurethanes market. On the basis of end user, the polyurethanes market also can be divided into: building and construction, electronics and appliances, footwear, furniture and bedding, packaging, transportation, others. The furniture and bedding segment was the largest contributor to the global polyurethanes market in 2022. Polyurethanes market by region is categorized into: Asia-Pacific, Europe, North America, Rest of the World (RoW). Asia-Pacific is estimated to account for the largest share of the global polyurethanes market.

Market Segmentation

By product: thermoplastic polyurethanes (TPU), thermoset polyurethanes

By material: methylene diphenyl diisocyanate (MDI), polyols, toluene diisocyanate (TDI), others

By application: adhesives and sealants, binders, coatings, elastomers, flexible foams, rigid foams, thermoplastic polyurethanes (TPU)

By end user: building and construction, electronics and appliances, footwear, furniture and bedding, packaging, transportation, others

By region: Asia-Pacific, Europe, North America, Rest of the World (RoW)

The market research report covers the analysis of key stake holders of the global polyurethanes market. Some of the leading players profiled in the report include Accella Polyurethane Systems LLC, BASF SE, C.O.I.M. s.p.a., China Haohua Chemical Group Co., Ltd., Covestro AG, DIC Corporation, Dow Inc., Huada Chemical Group Co., Ltd., Huafon Group Co., Ltd., Huntsman Corporation, INOAC Corporation, Koninklijke DSM N.V., Lanxess AG, Mitsui Chemicals & SKC Polyurethanes Inc. (MCNS), Nippon Aqua Co., Ltd., Shandong INOV Polyurethane Co., Ltd., Synthesia Technology Inc., The Lubrizol Corporation, Tosoh Corporation, Wanhua Chemical Group Co., Ltd., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

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Scope of the Report

To analyze and forecast the market size of the global polyurethanes market.
To classify and forecast the global polyurethanes market based on product, material, application, end user, region.
To identify drivers and challenges for the global polyurethanes market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global polyurethanes market.
To identify and analyze the profile of leading players operating in the global polyurethanes market.
Why Choose This Report

Gain a reliable outlook of the global polyurethanes market forecasts from 2023 to 2029 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
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