| Source: DataM Intelligence
Hyderabad, INDIA
ENTERPRISE, Nevada, Nov. 24, 2022 (GLOBE NEWSWIRE) — Polyurethane Market Introduction:
Plastic element polyurethane comes in a variety of shapes and forms. It is the material of choice for a wide range of end-user applications, including insulation for refrigerators & freezers, building insulation, cushioning for furniture, beds & automotive parts, composite wood panels, shoe bottoms and athletic apparel.
According to the DataM market research report, the global Polyurethane Market size was valued at USD YY billion in 2021, it is projected to reach USD YY billion by 2029, with a CAGR of 6.6% over the forecast period 2022-2029.
Thermosetting polymers, such as polyurethanes, do not melt in the heat. Polyurethane requirement is anticipated to increase throughout the forecast period due to rising building insulation demand brought on by environmental concerns. Since the potential environmental impact of building developments is rather large, sustainability in building developments is a broad field that involves many actions that must be performed in the initial construction stages. Bio-polyurethane use in the construction and refrigerator industries has expanded due to expanding auto and construction markets.
Polyurethane Market Drivers:
Polyurethane Market Restraints:
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Polyurethane Market Opportunities:
COVID-19 Impact Analysis:
Recent Developments in the Industry:
1. Coverstro intended to expand production capacity by constructing new thermoplastic polyurethane facilities in the Shanghai location in December 2021. In 2023, the factory is expected to be completed.
2. In February 2020, Huntsman finished acquiring Icynene-Lapolla. The acquisition will help Huntsman grow its downstream polyurethanes business in North America.
Polyurethane Market Segmentation:
As per the research analysis, the global polyurethane market is segmented by raw material into toluene diisocyanate, polyols, methylene diphenyl diisocyanate and others, by product form into adhesives & sealants, coatings, elastomers, flexible foam, rigid foam, by end-user into automotive & transportation, appliances & white goods, bedding & furniture, building & construction, footwear and packaging.
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Geographical Classification:
The global polyurethane market is segmented into major countries, including North America, Europe, South America, Asia Pacific and Middle East & Africa.
Asia-Pacific Polyurethane Market:
North America Polyurethane Market:
Europe Polyurethane Market:
Competitive Analysis:
Major Companies:
Major key companies which are contributing to the growth of the market include;
Related Report:
Toluene Market is segmented By Type (Benzene & Xylene, Gasoline Additives, Solvents, Toluene Diisocyanates, Other), By Application (Drugs, Dyes, Blends, Cosmetic, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029
Polyethylene Packaging Market is segmented By Type (HDPE, LDPE), By Application (Food and Beverage, Medical, Others), and By Region (North America, South America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029
Polymethyl Methacrylate (PMMA) Microsphere Market is segmented By Size Type (0 to 30 Microns for Polymethyl Methacrylate (PMMA) Microsphere the industry, Above 30 Microns), By Applications (Medical, Films, Ceramics & Composites, Coatings, Electronics, Paints & Coatings, Cosmetics, 3D Printing Inks, Displays, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029
Building and Construction Adhesives Market is segmented By Type (Urethane, Epoxy, Acrylic, Vinyl), By Technology (Water-Based Adhesive, Solvent-Based Adhesive, Hot-Melt Adhesive), By Application (Flooring, Roofing, Manufactured Housing, Concrete, Others), By End-User (Residential, Commercial, Industrial), By Region (North America, Europe, South America, Asia-Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029
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