Polyurethane Market Size, Share & Trends Analysis Report By Product (Rigid Foam, Flexible Foam), By End-use (Electronics & Appliances, Packaging), By Region, And Segment Forecasts, 2023 - 2030

Polyurethane Market Size, Share & Trends Analysis Report By Product (Rigid Foam, Flexible Foam), By End-use (Electronics & Appliances, Packaging), By Region, And Segment Forecasts, 2023 - 2030


Polyurethane Market Growth & Trends


The global polyurethane market size is expected to reach USD 105.29 billion by 2030, registering a CAGR of 4.4% according to a new report by Grand View Research, Inc. The market is driven by the growing need for high-performance and lightweight composites in the automotive industry. The use of thermoplastic polyurethane (TPU) in car components has significantly reduced total vehicle weight. The automobile industry's need for plastics has been driven by the need to reduce total vehicle weight in order to reduce fuel consumption and carbon emissions. As an alternative to metals, PU is frequently utilized in automobile applications such as engine encapsulation, seats, external panels, instrument panels, external panels, and cables and wires.

Automobile manufacturers have been obliged to look for new ways to reduce fuel consumption as the Corporate Average Fuel Economy (CAFE) has increased. Due to the intrinsic relationship between mass and fuel consumption, light weight is a critical issue in these standards. Additionally, the reduction in mass at unfastened locations reduces noise and vibration while also smoothing the ride. Automobile manufacturers are primarily focused on car components made of various types of plastics in order to improve vehicle performance and follow the trend of lightweight vehicles.

Plastics are increasingly being used in automobile components such as automotive interiors, exterior panels, engine cabins, and instrument panels to improve fuel efficiency. Plastics can help reduce total vehicle weight and achieve the necessary fuel economy when used instead of metal components. This tendency, together with rising vehicle production, is predicted to boost polyurethane demand in applications such as engine encapsulation, outer body panels, and interior panels.

The COVID-19 pandemic had a significant impact on vehicle production and caused disruption throughout the automotive value chain. The market for polyurethane in automotive applications is projected to be impacted by a slowdown or standstill in production activity, negative consumer sentiments, and decreased consumer demand due to COVID-19.

During the forecast period, the electronics and appliances application segment is expected to increase at a significant rate. Protective coverings, printed circuit boards, electrical housings, and other items are made of polyurethane. While delivering outstanding general performance in electrical equipment, polyurethane enables cheaper unit costs and faster manufacturing. A key reason driving polyurethane demand in electronics and appliances is the growing relevance of encapsulating electronic components like circuits and sensors.

Polyurethane Market Report Highlights

  • The rigid foam product segment accounted for the largest revenue share in 2022 and is expected to witness prominent growth during the forecast period
  • The construction application segment dominated the global market and accounted for more than 25.0% share of the global revenue in 2022
  • The Asia Pacific accounted for the largest revenue share of more than 45.10% in 2022. The strong manufacturing bases of the automotive, electronics, and appliances industries in China, India, South Korea, and Japan are expected to boost the market growth in the near future
  • Over the last years, a number of strategic efforts have been implemented in order to improve market growth. For instance, on October 22, 2021, Huntsman International LLC launched a new range of low-emission MDI-based foam systems for automotive interiors; the ACOUSTIFLEX LE and RUBIFLEX LE polyurethane product lines. This product innovation enabled the automotive formulators and foam manufacturers to produce high-performance polyurethane foams, while significantly reducing interior emission levels
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Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research scope and assumptions
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 GVR’s Internal Database
1.3.3 Secondary Sources
1.3.4 Third-Party Perspective
1.3.5 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation and Data Visualization
1.6 Data Validation and Publishing
1.7 List of Abbreviations
Chapter 2 Executive Summary
2.1 Market Summary
Chapter 3 Polyurethane Market Variables, Trends, & Scope
3.1 Market Segmentation
3.2 Market Lineage Outlook
3.2.1 Global Plastics Market Outlook
3.2.2 Industrial Plastics Market Outlook
3.3 Penetration & Growth Prospect Mapping
3.3.1 New Market Avenues
3.4 Industry Value Chain Analysis
3.5 Regulatory framework
3.6 Technology Overview
3.7 Polyurethane Market Dynamics
3.7.1 Market Driver Analysis
3.7.1.1 High demand for building insulation in light of sustainability concerns
3.7.1.2 Increasing Demand for Lightweight and High-performance Composites from Automotive Industry
3.7.2 Market Restraint Analysis
3.7.2.1 Raw Material Price Volatility
3.7.2.2 Growing environmental concerns
3.8 Business Environment Analysis: Polyurethane Market
3.8.1 Porter’s Five Forces Analysis
3.8.2 PESTEL Analysis
Chapter 4 Global Polyurethane Market: Product Estimates & Trend Analysis
4.1 Global Polyurethane Market: Product Movement Analysis, 2021 & 2030
4.2 Rigid Foam
4.2.1 Global Polyurethane market estimates and forecasts, by Rigid Foam, 2018 - 2030 (Kilotons) (USD Million)
4.3 Flexible Foam
4.3.1 Global Polypropylene market estimates and forecasts, by Flexible Foam, 2018 - 2030 (Kilotons) (USD Million)
4.4 Coatings
4.4.1 Global polyurethane market estimates and forecasts, by coatings, 2018 - 2030 (Kilotons) (USD Million)
4.5 Adhesives & Sealants
4.5.1 Global polyurethane market estimates and forecasts, by Adhesives & Sealants, 2018 - 2030 (Kilotons) (USD Million)
4.6 Elastomers
4.6.1 Global polyurethane market estimates and forecasts, by Elastomers, 2018 - 2030 (Kilotons) (USD Million)
4.7 Others
4.7.1 Global polyurethane market estimates and forecasts, by Others, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5 Polyurethane Market: End-use Estimates & Analysis
5.1 Polyurethane Market: End-use Movement Analysis
5.2 Furniture & Interior
5.2.1 polyurethane market estimates and forecasts, in furniture & interior, 2018 - 2030 (Kilotons) (USD Million)
5.3 Construction
5.3.1 polyurethane market estimates and forecasts, in construction, 2018 - 2030 (Kilotons) (USD Million)
5.4 Electronics & Appliances
5.4.1 polyurethane market estimates and forecasts, in ELECTRONICS & appliances, 2018 - 2030 (Kilotons) (USD Million)
5.5 Automotive
5.5.1 polyurethane market estimates and forecasts, in automotive, 2018 - 2030 (Kilotons) (USD Million)
5.6 Footwear
5.6.1 polyurethane market estimates and forecasts, in footwear, 2018 - 2030 (Kilotons) (USD Million)
5.7 Packaging
5.7.1 polyurethane market estimates and forecasts, in packaging, 2018 - 2030 (Kilotons) (USD Million)
5.8 Others
5.8.1 polyurethane market estimates and forecasts, in others, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6 Polyurethane Market: Regional Estimates & Trend Analysis
6.1 Polyurethane Market: Regional Movement Analysis & Market Share, 2021 & 2030
6.2 North America
6.2.1 North America Polyurethane market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.2.2 North America Polyurethane Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.2.3 North America Polyurethane Market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
6.2.4 U.S.
6.2.4.1 U.S. Polyurethane market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.2.4.2 U.S. Polyurethane Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.2.4.3 U.S. Polyurethane Market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
6.2.5 Canada
6.2.5.1 Canada Polyurethane market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.2.5.2 Canada Polyurethane Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.2.5.3 Canada Polyurethane Market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
6.2.6 Mexico
6.2.6.1 Mexico Polyurethane market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.2.6.2 Mexico Polyurethane Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.2.6.3 Mexico Polyurethane Market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
6.3 Europe
6.3.1 Europe Polyurethane market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.2 Europe Polyurethane Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.3.3 Europe Polyurethane Market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
6.3.4 Germany
6.3.4.1 Germany Polyurethane market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.4.2 Germany Polyurethane Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.3.4.3 Germany Polyurethane Market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
6.3.5 France
6.3.5.1 France Polyurethane market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.5.2 France Polyurethane Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.3.5.3 France Polyurethane Market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
6.3.6 Russia
6.3.6.1 Russia Polyurethane market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.6.2 Russia Polyurethane Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.3.6.3 Russia Polyurethane Market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
6.3.7 Spain
6.3.7.1 Spain Polyurethane market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.7.2 Spain Polyurethane Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.3.7.3 Spain Polyurethane Market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
6.3.8 U.K.
6.3.8.1 U.K. Polyurethane market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.8.2 U.K. Polyurethane Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.3.8.3 U.K. Polyurethane Market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
6.4 Asia Pacific
6.4.1 Asia Pacific Polyurethane market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.2 Asia Pacific Polyurethane Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.4.3 Asia Pacific Polyurethane Market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
6.4.4 China
6.4.4.1 China Polyurethane market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.4.2 China Polyurethane Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.4.4.3 China Polyurethane Market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
6.4.5 India
6.4.5.1 India Polyurethane market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.5.2 India Polyurethane Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.4.5.3 India Polyurethane Market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
6.4.6 Japan
6.4.6.1 Japan Polyurethane market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.6.2 Japan Polyurethane Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.4.6.3 Japan Polyurethane Market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
6.4.7 South Korea
6.4.7.1 South Korea Polyurethane market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.7.2 South Korea Polyurethane Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.4.7.3 South Korea Polyurethane Market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
6.5 Central & South America
6.5.1 Central & South America Polyurethane market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5.2 Central & South America Polyurethane Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.5.3 Central & South America Polyurethane Market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
6.5.4 Brazil
6.5.4.1 Brazil Polyurethane market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5.4.2 Brazil Polyurethane Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.5.4.3 Brazil Polyurethane Market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
6.6 Middle East & Africa
6.6.1 Middle East & Africa Polyurethane market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.6.2 Middle East & Africa Polyurethane Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.6.3 Middle East & Africa Polyurethane Market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
6.6.4 Saudi Arabia
6.6.4.1 Saudi Arabia Polyurethane market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.6.4.2 Saudi Arabia Polyurethane Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
6.6.4.3 Saudi Arabia Polyurethane Market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7 Competitive Analysis
7.1 Key Global Players & Recent Developments and Their Impact on the Industry
7.2 Key Company/Competition Categorization
7.3 Vendor Landscape
7.3.1 List of key Distributors and Channel Partners
7.3.2 Key Potential Customers
7.4 Strategy Framework
Chapter 8 Company Profiles
8.1 Dow Inc.
8.1.1 Company Overview
8.1.2 Financial performance
8.1.3 Product benchmarking
8.2 BASF SE
8.2.1 Company Overview
8.2.2 Financial performance
8.2.3 Product benchmarking
8.2.4 strategic initiatives
8.3 Covestro AG
8.3.1 Company Overview
8.3.2 Financial performance
8.3.3 Product benchmarking
8.3.4 strategic initiatives
8.4 Huntsman International LLC
8.4.1 Company Overview
8.4.2 Financial performance
8.4.3 Product benchmarking
8.4.4 strategic initiatives
8.5 Eastman Chemical Company
8.5.1 Company Overview
8.5.2 Financial performance
8.5.3 Product benchmarking
8.6 Mitsui & Co. Plastics Ltd.
8.6.1 Company Overview
8.6.2 Financial performance
8.6.3 Product benchmarking
8.7 Mitsubishi Chemical Corporation
8.7.1 Company Overview
8.7.2 Financial performance
8.7.3 Product benchmarking
8.7.4 strategic initiatives
8.8 Recticel NV/SA
8.8.1 Company Overview
8.8.2 Financial performance
8.8.3 Product benchmarking
8.9 Woodbridge
8.9.1 Company Overview
8.9.2 Product benchmarking
8.9.3 strategic initiatives
8.10 DIC CORPORATION
8.10.1 Company Overview
8.10.2 Financial performance
8.10.3 Product benchmarking
8.11 RTP Company
8.11.1 Company Overview
8.11.2 Product benchmarking
8.12 The Lubrizol Corporation
8.12.1 Company Overview
8.12.2 Product benchmarking
8.12.3 strategic initiatives
8.13 RAMPF Holding GmbH & Co. KG
8.13.1 Company Overview
8.13.2 Product benchmarking
8.13.3 strategic initiatives
8.14 Tosoh Corporation
8.14.1 Company Overview
8.14.2 Financial performance
8.14.3 Product benchmarking

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