Press Releases

Polyurethane Market is Anticipated to Grow US$ 96.60 Bn By 2030

The global Polyurethane market size is expected to reach USD 96.60 billion by 2030, registering a CAGR of 5.8% over the forecast period 2021 – 2030.

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Growth Factors

 Increasing demand for lightweight and high-performance composites from the automotive industry is driving the growth of the market. Polyurethane (PU) is widely used in automotive applications, such as seating, instrument panels, exterior panels, engine encapsulation, and cables & wires, as an alternative to metals. The utilization of Thermoplastic Polyurethane (TPU) in auto components can drastically decrease the overall weight of automobiles, which, in turn, limits fuel consumption.

Growing Corporate Average Fuel Economy (CAFE) has forced automobile manufacturers to seek innovative ways to limit fuel consumption. The low weight of vehicles is a crucial factor in these regulations due to the inherent correlation between mass and fuel consumption

Report Coverage

Report Scope Details
Market Size USD 96.60 billion by 2030
Growth Rate CAGR of 5.8% From 2021 to 2030
Base Year 2021
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Product, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Dow, Inc.; BASF SE; Covestro AG; Huntsman International LLC; Eastman Chemical Company; Mitsui & Co. Plastics Ltd.; Mitsubishi Chemical Corp.; Recticel NV/SA; Woodbridge; DIC Corp.; RTP Company; The Lubrizol Corp.; RAMPF Holding GmbH & Co. KG; Tosoh Corp.

Report Highlights

The rigid foam product segment led the market and dominated for more than 32.0% share of the global revenue in 2020. Rigid PU foams are high-performance closed-cell plastics utilized in end-use industries, such as transportation, packaging, and industrial insulations & appliances, owing to their structural stability, which assists manufacturers to design thermally insulating products.

Rigid foams possess sound insulation properties, higher mechanical strength, and thermal resistance making them highly suitable for extreme weather conditions and harsh environments. The government support to weatherize low-income households and meet transitioning standards for green buildings is anticipated to further drive the rigid PU foam demand in insulation applications.

The construction application segment led the global market in 2020 and dominated for a revenue share of more than 27%. The demand for PU in construction applications is expected to witness significant growth over the forecast period owing to various beneficial characteristics of PU foams, including excellent thermal insulation, lightness, chemical inertness, and bacterial & pest resistance.

Asia Pacific was the accounting regional market in 2020 and accounted for over 45% share of the global revenue. The market is driven by the growth of the major end-use industries, such as automotive, electronics & appliances, packaging, furniture & interior, and construction.

Flexible foam is used for cushioning in a variety of consumer and commercial products such as furniture, bedding, carpet cushion, fibers, and textiles. Foams and other PU products are expected to gain significance in the region on account of rising consumer awareness regarding the sustainability of lightweight and low-cost polyurethane.

Key Players

  • Dow Inc.
  • BASF SE
  • Covestro AG
  • Huntsman International LLC
  • Eastman Chemical Company
  • Mitsui & Co. Plastics Ltd
  • Mitsubishi Chemical Corporation
  • Recticel NV/SA
  • Woodbridge
  • DIC Corporation
  • RTP Company
  • The Lubrizol Corporation
  • RAMPF Holding GmbH & Co. KG
  • Tosoh Corporation

Market Segmentation

  • Product
    • Rigid Foam
    • Flexible Foam
    • Coatings
    • Adhesives & Sealants
    • Elastomers
    • Others
  • Application
    • Furniture & Interiors
    • Construction
    • Electronics & Appliances
    • Automotive
    • Footwear
    • Packaging
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • Russia
      • Spain
      • U.K.
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
    • Central & South America
      • Brazil
    • Middle East & Africa
      • Saudi Arabia

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Polyurethane Market, By Product

7.1.  Polyurethane Market, by Product, 2021-2030

7.1.1.    Rigid Foam

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Flexible Foam

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Coatings

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Adhesives & Sealants

7.1.4.1.        Market Revenue and Forecast (2017-2030)

7.1.5.    Elastomers

7.1.5.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Polyurethane Market, By Application

8.1.  Polyurethane Market, by Application, 2021-2030

8.1.1.    Furniture & Interiors

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Construction

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Electronics & Appliances

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Automotive

8.1.4.1.        Market Revenue and Forecast (2017-2030)

8.1.5.    Footwear

8.1.5.1.        Market Revenue and Forecast (2017-2030)

8.1.6.    Packaging

8.1.6.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Polyurethane Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Product (2017-2030)

9.1.2.    Market Revenue and Forecast, by Application (2017-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.1.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.1.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Product (2017-2030)

9.2.2.    Market Revenue and Forecast, by Application (2017-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Product (2017-2030)

9.3.2.    Market Revenue and Forecast, by Application (2017-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Product (2017-2030)

9.4.2.    Market Revenue and Forecast, by Application (2017-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Product (2017-2030)

9.5.2.    Market Revenue and Forecast, by Application (2017-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.5.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.5.4.2.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 10.  Company Profiles

10.1.              Dow Inc.

10.1.1.  Company Overview

10.1.2.  Product Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              BASF SE

10.2.1.  Company Overview

10.2.2.  Product Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              Covestro AG

10.3.1.  Company Overview

10.3.2.  Product Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              Huntsman International LLC

10.4.1.  Company Overview

10.4.2.  Product Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              Eastman Chemical Company

10.5.1.  Company Overview

10.5.2.  Product Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              Mitsui & Co. Plastics Ltd

10.6.1.  Company Overview

10.6.2.  Product Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.              Mitsubishi Chemical Corporation

10.7.1.  Company Overview

10.7.2.  Product Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

10.8.              Recticel NV/SA

10.8.1.  Company Overview

10.8.2.  Product Offerings

10.8.3.  Financial Performance

10.8.4.  Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

Glossary of Terms

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