Polyurethanes Market in Middle East and Africa 2023

Polyurethanes Market in Middle East and Africa 2023

Polyurethane is a type of polymer that is formed by the reaction between isocyanates and polyols. It is a versatile material that can be formulated to have a wide range of properties, including flexibility, durability, and resistance to wear and tear. Polyurethane is employed in a variety of applications, such as insulation, adhesives, coatings, and foams. Additionally, it is utilized in the medical industry for implants, wound dressings, and drug delivery systems. Polyurethane can be classified as either thermoplastic or thermosetting, depending on the type of reaction used to form it. According to the latest research, the polyurethanes market in Middle East and Africa is poised to grow by USD 1.1 billion during 2023-2029, progressing at a CAGR of 5.1% during the forecast period.

This industry report offers market estimates of the Middle East and Africa market, followed by a detailed analysis of the product, material, application, end user, and country. The Middle East and Africa market data on polyurethanes can be segmented by product: thermoplastic polyurethanes (TPU), thermoset polyurethanes. The thermoset polyurethanes segment captured the largest share of the market in 2022. Polyurethanes market is further segmented by material: methylene diphenyl diisocyanate (MDI), polyols, toluene diisocyanate (TDI), others. The MDI segment held the largest share of the Middle East and Africa polyurethanes market in 2022 and is anticipated to hold its share during the forecast period. Based on application, the polyurethanes market is segmented into: adhesives and sealants, binders, coatings, elastomers, flexible foams, rigid foams, thermoplastic polyurethanes (TPU). In 2022, the flexible foams segment made up the largest share of revenue generated by 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. Among these, the furniture and bedding segment was accounted for the highest revenue generator in 2022. Polyurethanes market by country is categorized into: Middle East, Africa.

The Middle East and Africa polyurethanes market is highly competitive. The leading players in the polyurethanes market 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.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.

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