Global Polyurethane Case Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Polyurethane Case Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Polyurethane refers to a type of polymer with characteristic units of urethane in the main chain. This polymer material is widely used in industrial fields such as adhesives, coatings, low-speed tires, gaskets, and car mats. In the field of daily life, polyurethane is used to make various foams and plastic sponges. The uses of polyurethanes in the coatings, adhesives, sealants and elastomers (CASE) market offer a broad and growing spectrum of applications and benefits. Polyurethane coatings can enhance a product’s appearance and lengthen its lifespan. Polyurethane adhesives can provide strong bonding advantages, while polyurethane sealants provide tighter seals. Polyurethane elastomers can be molded into almost any shape, are lighter than metal, offer superior stress recovery and can be resistant to many environmental factors.

Market Overview:

The latest research study on the global Polyurethane Case market finds that the global Polyurethane Case market reached a value of USD 25493.0 million in 2022. It’s expected that the market will achieve USD 37000.44 million by 2028, exhibiting a CAGR of 6.41% during the forecast period.

Spray Polyurethane Foam Alliance encouraging SPF contractors to focus on professional development during COVID-19 outbreak

The Spray Polyurethane Foam Alliance (SPFA), the educational and technical resource to the spray polyurethane foam (SPF) industry, is encouraging members of the SPF community to participate in professional development activities during any downtime resulting from the COVID-19 outbreak in the United States. For a limited time, the alliance is offering Exam Preparatory Courses of its Professional Certification Program (PCP) free to SPFA Members and companies with employees enrolled in PCP. Those who don’t fall into either category may enroll in the PCP and get full access to all courses as they are released. All courses are offered in an online format for easy, safe remote access.
“The Coronavirus pandemic has slowed the jobsites of many of our members, particularly in regions where construction has not been categorized as essential business,” said Kurt Riesenberg, executive director of the SPFA. “While unfortunate on many levels, the virus provides a unique opportunity for our professionals to enhance their marketability and reputation for best practices through certification while they have the time to do so.”

Insufficient demand, reduced labor or government decision-making and shortages in the supply chain

Due to insufficient demand, reduced labor or government decision-making, by mid-March 2020, the production of flexible polyurethane foam in Europe has rapidly weakened. At the end of March, all European foam factories producing for the automotive industry were closed. Foam factories in southern Europe, which mainly supply bedding and furniture industries, have been basically closed, and foam production in other regions has been substantially reduced. Online sales of goods or hospital mattresses are still the biggest demand, but it is far from making up for all other production losses. However, due to shortages in the supply chain, the production flow was also blocked. Due to border closures, reduced labor supply and stricter controls on border crossings, these disturbances are expected to intensify in the future, leading to delays in delivery.

Strength

Downstream industry demand continues to grow steadily.
National industrial policy support.
Improve industrial innovation mechanism and enhance product competitiveness.
Intellectual property protection is increasingly valued.
Many products made from polyurethanes support important environmental goals.

Weakness

Short life is a major disadvantage of polyurethane products. Polyurethane has hydroscopic tendencies, i.e. water absorption characteristics. Mattresses made from polyurethane absorb water and gradually disintegrate and lose their quality of support. Polyurethane adhesives and sealants have the same problem.
Polyurethane is flammable, it forms carbon monoxide, hydrogen cyanide and other toxic products on decomposition and combustion.
Polyurethane Uses toxic isocyanates during production process.

Opportunities

Polyurethane may be used in bigger parts like the wings for airplanes in the future.
Widespread adoption of flexible and semi-rigid polyurethane foams that are used with coatings, paints and adhesives in residential and commercial complexes.
Polyurethane products are widely used in traditional fields such as furniture, interiors, home appliances, shoe materials, and packaging. These traditional fields will continue to develop with economic development, and their demand for polyurethane products will continue to expand. With industrial upgrading, industrial structure transformation, the deepening of the concept of “energy saving and emission reduction” and the country’s encouragement and guidance on the development of the sports industry, the application of polyurethane products as elastomers and coatings in the construction and railway industries will usher in huge opportunities. The packaging materials will also be widely used unprecedentedly, providing a broad market space for the development of the polyurethane chain extender industry.

Threat

The blowing agents used in manufacturing will have an impact on the material's toxicity.
Substitutes threat such as Linseed Oil, Danish oil, Lacquer and Shellac etc.
The main raw materials of chain extenders are basic chemical products, which are highly susceptible to fluctuations in upstream crude oil prices. In recent years, international crude oil prices have fluctuated frequently, which puts forward higher requirements for inventory management and cost control of enterprises in the industry.
There are certain difficulties in product and material recycling.
Bad effect on human body.

Region Overview:

Geographically, Asia Pacific held the largest market share – 44.39% in 2022.

Company Overview:

Dow Chemical is one of the major players operating in the Polyurethane Case market, holding a share of 14.39% in 2023.

Dow Chemical

The Dow Chemical Company (TDCC) is a leading producer of plastics, chemicals, and hydrocarbons. One of the largest material and chemical companies in the US and the world.

Covestro

Covestro is a world-leading supplier of high-tech polymer materials: innovative, sustainable and diverse.

Segmentation Overview:

Among different product types, Polyurethane Coating segment is anticipated to contribute the largest market share in 2028.

Polyurethane Coating

A polyurethane coating is a polyurethane layer applied to the surface of a substrate for the purpose of protecting it. These coatings help protect substrates from various types of defects such as corrosion, weathering, abrasion and other deteriorating processes.

Polyurethane Adhesive

Polyurethane adhesives, also known as PU adhesives, are adhesives used for higher strength constructions and can be used as both inelastic and permanently elastic adhesives. They are based on polymers, but often contain other components such as various additives. PU adhesives are often used as two-component adhesives.

Polyurethane Sealant

Polyurethane sealants are used in road repair, plumbing, construction and anywhere else a high-strength, water-resistant seal is needed. Polyurethane sealants provide excellent stress recovery to retain shape after being bent or pulled, fast curing rates and even adherence to non-primed concrete.

Polyurethane Elastomers

Polyurethane Elastomers can be many things. They can be strong, stiff, flexible, tough, resilient, durable, long-lasting and they can also be both viscous and elastic. The technical name for a polymer which possesses both properties, viscosity and elasticity, is an elastic polymer, which is commonly shortened to elastomer. Polyurethane Elastomers are known for their extreme resilience and have therefore begun to see use in the manufacture of a number of vehicle and machinery parts. Polyurethane elastomers are often used to produce fenders, fascia, trims, interior and exterior vertical panels, doors, chassis fairings, and window surrounds. They are also frequently seen as a component material in tires and wheels. A manufactured part which contains elastomers is described as elastomeric in nature.

Application Overview:

By application, the Furniture and Interiors segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Polyurethane Case market covered in Chapter 3:

Yantai Wanhua Polyurethanes Co. Ltd.
Huntsman Corporation
Tosoh Corporation
Mitsui Chemicals Inc.
Covestro
BASF SE (Parent)
Dow Chemical

In Chapter 4 and Chapter 14.2, on the basis of types, the Polyurethane Case market from 2018 to 2029 is primarily split into:

Polyurethane Coating
Polyurethane Adhesive
Polyurethane Sealant
Polyurethane Elastomers

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Polyurethane Case market from 2018 to 2029 covers:

Industrial
Automotive & Transportation
Footwear
Furniture and Interiors
Construction

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)