This report was recently updated on November 15 2024 with the latest and most recent
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Polyurethane Market Analysis - Forecasts to 2025 By Raw Material (Toluene Diisocyanate (TDI), Methylene Diphenyl Diisocyanate (MDI), Polyols), By Product (Rigid Foam, Flexible Foam, Coatings, Adhesives & Sealants, Elastomers), By Application (Furniture & Interiors, Construction, Electronics & Appliances, Automotive, Footwear, Packaging), By Region (North America, Asia Pacific, Europe, Central & South America, Middle East & Africa), End-use Landscape, Vendor Landscape, and Competitor Analysis | Business Intelligence Report - Global Market Estimates
Market Insights
Polyurethane (PU) is widely used in automotive applications due to its ability to integrate characteristic of both rubber & plastic at a lower weight as compared to other plastic components or metal. Polyurethane which has silicon micro-structured surfaces is used for marine vessels for self-cleaning surfaces.
Polyurethane is being widely used to address consumer needs such as convenience, health & sustainability for adhesives, insulation, and coating materials among others. PU adhesives are estimated to grow at the fastest in the forecast period. Such adhesives are used in the construction & electronics sector due to its fast bonding and processing qualities.
Raw Material Insights
Polyols are estimated to be the fastest growing industry in the forecast period. Manufacturers are expected to face some challenges due to the increasing concern for the environment and unstable raw material prices. On account of precursor markets namely petrochemicals, MDI, and TDI are likely to witness price fluctuations. Commercialization and innovation are projected to create new opportunities for the bio-based PU industry.
Product Insights
The rigid polyurethane foam market is estimated to grow over the forecast period. Key properties are their effectiveness to decrease thermal energy losses. Industry demand for this has been rising due to importance for energy conservation and carbon emission restrictions.
PU materials are often used to save energy by making lightweight automotive parts. Other interior components such as cushion foams, seat foams among others are made with PU. Increasing demand for vehicle seating, upholstery, insulating for refrigerators and construction is projected to augment PU foam growth over the coming years.
Owing to the increase in disposable income and change in lifestyle, rubber component replacement by polymers is expected to be seen in the elastomer market in the forecast period. Strong application of coating will see a scope in automotive, construction, and hardwood industry and is expected to facilitate industry growth.
Application Insights
The expanding commercial & residential construction in the developing economies such as Indonesia, India, Thailand, and South Africa among others is expected to boost the construction sector. The requirement for coating and flooring & roofing insulation is expected to be in high demand owing to the growing construction sector.
Bedding & furniture are anticipated to grow due to the increasing demand for modernization and development. The versatile property of PU gives the designers opportunity to innovate and explore in the market. PU memory foam helps take the shape of the person’s body allowing a comfortable stay for bed-bound patients in hospitals.
Automotives also play a vital role in this market, German PU market is expected to see an exponential growth in the forecast period. The adhesives & sealants are used in the manufacturing of signal lights, head lights, and taillights along with bonding bumpers onto the vehicles. Increasing requirements of personalized goods such as grip in boots and sports shoes are expected to fuel PU demand in footwear application.
Regional Insights
Asia Pacific is expected to have a large market in the forecast period owing to the supply of raw materials, cheap & skilled workforce, and support from the government. Initiatives such as ‘Make in India’ scheme in India and ‘favourable buyer’ incentive in Thailand is expected to augment investments in the domestic automotive manufacturing markets.
The European PU market has a growing demand for insulation from low-income households for supportive regulatory compliance along with energy efficiency. Increasing consumption in Colombia’s automotive OEMs industry is likely to provide momentum to Central & South America over the forecast period.
End-Use Landscape
The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase Polyurethane over the coming years. Some leading consumers of the photovoltaic industry are Yonex, Wilson, Sotar Inflatables, and Aire among others.
Competitor Analysis
BASF SE caters to various industries such as construction, automotive, and footwear. The company has innovated products such as sandwich plate system which is a steel-PU-steel composite. Other companies are also investing in R&D to introduce new products at lower cost; this is projected to boost competition among the rivals.
Key players include BASF SE, The Dow Chemical Co., Covestor, Huntsman Corp., Mitsui Chemicals Inc., Eastman Chemical Co., Nippon Polyurethane Industry Corp Ltd., Mitsubishi Chemical Corp, Woodbridge Foam Corp., Lubrizol Corp, Rampf Holding GmbH & Co. KG, DIC Corp & RTP Company.
Please note: This is not an exhaustive list of companies profiled in the report.
1 RESEARCH METHODOLOGY
1.1 DESK RESEARCH
1.2 PRIMARY RESEARCH
1.3 ANALYSIS AND OUTPUT
1.4 FINAL OUTPUT FROM DESK AND PRIMARY RESEARCH
2 ECOSYSTEM OVERVIEW
3 TECHNOLOGICAL TRENDS IN POLYURETHANE MARKET
4 DEMAND AND SUPPLY MATRIX
4.1 INTRODUCTION
4.2 DEMAND SIDE ANALYSIS
4.2.1 MARKET DRIVERS
4.2.2 MARKET RESTRAINTS
4.2.3 MARKET OPPORTUNITIES
4.2.4 MARKET CHALLENGES
4.3 SUPPLY SIDE ANALYSIS
4.3.1 FUTURE SCENARIO (CAGR% VS. COUNTRY)
4.3.2 MAPPING KEY POLYURETHANE MANUFACTURERS
4.3.3 PORTER’S FIVE FORCES ANALYSIS
4.3.3.1 Threat of new entrants
4.3.3.2 Threat of substitutes
4.3.3.3 Bargaining power of buyers
4.3.3.4 Bargaining power of suppliers
4.3.3.5 Intensity of competitive rivalry
4.3.4 TREND ANALYSIS
4.4 PESTLE ANALYSIS
4.5 IMPACT ANALYSIS
4.6 PATENT LISTING
4.7 BEHAVIOURAL ANALYSIS
4.7.1 KEY MACRO INDICATORS
4.7.2 KEY MICRO INDICATORS
5 REGULATORY FRAMEWORK
6 GLOBAL POLYURETHANE MARKET, BY RAW MATERIAL
6.1 INTRODUCTION
6.2 TDI
6.3 MDI
6.4 POLYOLS
6.5 OTHERS
7 GLOBAL POLYURETHANE MARKET, BY PRODUCT
7.1 INTRODUCTION
7.2 RIGID FOAM
7.3 FLEXIBLE FOAM
7.4 ADHESIVES & SEQALANTS
7.5 ELASTOMERS
7.6 OTHERS
8 GLOBAL POLYURETHANE MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 FURNITURE & INTERIORS
8.3 CONSTRUCTION
8.4 ELECTRONICS & APPLIANCES
8.5 AUTOMOTIVE
8.6 FOOTWEAR
8.7 PACKAGING
8.8 OTHERS
9 GLOBAL POLYURETHANE MARKET, BY REGION
9.1 INTRODUCTION
9.2 NORTH AMERICA
9.2.1 BY RAW MATERIAL
9.2.2 BY PRODUCT
9.2.3 BY APPLICATION
9.2.4 BY COUNTRY
9.2.4.1 U.S.
9.2.4.1.1 By raw material
9.2.4.1.2 By product
9.2.4.1.3 By application.
9.2.4.2 Canada
9.2.4.2.1 By raw material
9.2.4.2.2 By product
9.2.4.2.3 By application.
9.2.4.3 Mexico
9.2.4.3.1 By raw material
9.2.4.3.2 By product
9.2.4.3.3 By application.
9.3 EUROPE
9.3.1 BY RAW MATERIAL
9.3.2 BY PRODUCT
9.3.3 BY APPLICATION
9.3.4 BY COUNTRY
9.3.4.1 Germany
9.3.4.1.1 By raw material
9.3.4.1.2 By product
9.3.4.1.3 By application.
9.3.4.2 France
9.3.4.2.1 By raw material
9.3.4.2.2 By product
9.3.4.2.3 By application.
9.3.4.3 Russia
9.3.4.3.1 By raw material
9.3.4.3.2 By product
9.3.4.3.3 By application.
9.3.4.4 Italy
9.3.4.4.1 By raw material
9.3.4.4.2 By product
9.3.4.4.3 By application.
9.3.4.5 Spain
9.3.4.5.1 By raw material
9.3.4.5.2 By product
9.3.4.5.3 By application.
9.3.4.6 Belgium
9.3.4.6.1 By raw material
9.3.4.6.2 By product
9.3.4.6.3 By application.
9.4 ASIA PACIFIC
9.4.1 BY RAW MATERIAL
9.4.2 BY PRODUCT
9.4.3 BY APPLICATION
9.4.4 BY COUNTRY
9.4.4.1 China
9.4.4.1.1 By raw material
9.4.4.1.2 By product
9.4.4.1.3 By application.
9.4.4.2 Japan
9.4.4.2.1 By raw material
9.4.4.2.2 By product
9.4.4.2.3 By application.
9.4.4.3 India
9.4.4.3.1 By raw material
9.4.4.3.2 By product
9.4.4.3.3 By application.
9.4.4.4 Australia
9.4.4.4.1 By raw material
9.4.4.4.2 By product
9.4.4.4.3 By application.
9.5 CENTRAL & SOUTH AMERICA
9.5.1 BY RAW MATERIAL
9.5.2 BY PRODUCT
9.5.3 BY APPLICATION
9.5.4 BY COUNTRY
9.5.4.1 Argentina
9.5.4.1.1 By raw material
9.5.4.1.2 By product
9.5.4.1.3 By application.
9.5.4.2 Brazil
9.5.4.2.1 By raw material
9.5.4.2.2 By product
9.5.4.2.3 By application.
9.6 MIDDLE EAST & AFRICA
9.6.1 BY RAW MATERIAL
9.6.2 BY PRODUCT
9.6.3 BY APPLICATION
9.6.4 BY COUNTRY
9.6.4.1 South Africa
9.6.4.1.1 By raw material
9.6.4.1.2 By product
9.6.4.1.3 By application.
9.6.4.2 Saudi Arabia
9.6.4.2.1 By raw material
9.6.4.2.2 By product
9.6.4.2.3 By application.
10 GLOBAL POLYURETHANE MARKET: END-USER LANDSCAPE (CONSUMER PROFILE)
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.3 EUROPE
10.4 ASIA-PACIFIC
10.5 MIDDLE EAST & AFRICA
10.6 CENTRAL & SOUTH AMERICA
11 VENDOR LANDSCAPE (SUPPLIERS/MANUFACTURERS/DISTRIBUTORS)
11.1 NORTH AMERICA
11.2 EUROPE
11.3 ASIA-PACIFIC
11.4 MIDDLE EAST & AFRICA
11.5 CENTRAL & SOUTH AMERICA
12 COMPANY PROFILE
12.1 THE DOW CHEMICAL COMPANY
12.1.1 BUSINESS DESCRIPTION
12.1.2 FINANCIAL PERFORMANCE
12.1.3 SWOT ANALYSIS
12.1.4 PRODUCTS AND SERVICES OFFERED
12.1.5 STRATEGIC INITIATIVES
12.2 BASF SE
12.2.1 BUSINESS DESCRIPTION
12.2.2 FINANCIAL PERFORMANCE
12.2.3 SWOT ANALYSIS
12.2.4 PRODUCTS AND SERVICES OFFERED
12.2.5 STRATEGIC INITIATIVES
12.3 COVESTRO
12.3.1 BUSINESS DESCRIPTION
12.3.2 FINANCIAL PERFORMANCE
12.3.3 SWOT ANALYSIS
12.3.4 PRODUCTS AND SERVICES OFFERED
12.3.5 STRATEGIC INITIATIVES
12.4 HUNTSMAN CORP.
12.4.1 BUSINESS DESCRIPTION
12.4.2 FINANCIAL PERFORMANCE
12.4.3 SWOT ANALYSIS
12.4.4 PRODUCTS AND SERVICES OFFERED
12.4.5 STRATEGIC INITIATIVES
12.5 EASTMAN CHEMICAL CO.
12.5.1 BUSINESS DESCRIPTION
12.5.2 FINANCIAL PERFORMANCE
12.5.3 SWOT ANALYSIS
12.5.4 PRODUCTS AND SERVICES OFFERED
12.5.5 STRATEGIC INITIATIVES
12.6 MITSUI CHEMICALS, INC.
12.6.1 BUSINESS DESCRIPTION
12.6.2 FINANCIAL PERFORMANCE
12.6.3 SWOT ANALYSIS
12.6.4 PRODUCTS AND SERVICES OFFERED
12.6.5 STRATEGIC INITIATIVES
12.7 MITSUBISHI CHEMICAL CORP.
12.7.1 BUSINESS DESCRIPTION
12.7.2 FINANCIAL PERFORMANCE
12.7.3 SWOT ANALYSIS
12.7.4 PRODUCTS AND SERVICES OFFERED
12.7.5 STRATEGIC INITIATIVES
12.8 NIPPON POLYURETHANE INDUSTRY CORP LTD.
12.8.1 BUSINESS DESCRIPTION
12.8.2 FINANCIAL PERFORMANCE
12.8.3 SWOT ANALYSIS
12.8.4 PRODUCTS AND SERVICES OFFERED
12.8.5 STRATEGIC INITIATIVES
12.9 RECTICEL S.A.
12.9.1 BUSINESS DESCRIPTION
12.9.2 FINANCIAL PERFORMANCE
12.9.3 SWOT ANALYSIS
12.9.4 PRODUCTS AND SERVICES OFFERED
12.9.5 STRATEGIC INITIATIVES
12.10 WOODBRIDGE FOAM CORP.
12.10.1 BUSINESS DESCRIPTION
12.10.2 FINANCIAL PERFORMANCE
12.10.3 SWOT ANALYSIS
12.10.4 PRODUCTS AND SERVICES OFFERED
12.10.5 STRATEGIC INITIATIVES
12.11 DIC CORP.
12.11.1 BUSINESS DESCRIPTION
12.11.2 FINANCIAL PERFORMANCE
12.11.3 SWOT ANALYSIS
12.11.4 PRODUCTS AND SERVICES OFFERED
12.11.5 STRATEGIC INITIATIVES
12.12 RTP COMPANY
12.12.1 BUSINESS DESCRIPTION
12.12.2 FINANCIAL PERFORMANCE
12.12.3 SWOT ANALYSIS
12.12.4 PRODUCTS AND SERVICES OFFERED
12.12.5 STRATEGIC INITIATIVES
12.13 LUBRIZOL CORP.
12.13.1 BUSINESS DESCRIPTION
12.13.2 FINANCIAL PERFORMANCE
12.13.3 SWOT ANALYSIS
12.13.4 PRODUCTS AND SERVICES OFFERED
12.13.5 STRATEGIC INITIATIVES
12.14 RAMPF HOLDING GMBH & CO. KG
12.14.1 BUSINESS DESCRIPTION
12.14.2 FINANCIAL PERFORMANCE
12.14.3 SWOT ANALYSIS
12.14.4 PRODUCTS AND SERVICES OFFERED
12.14.5 STRATEGIC INITIATIVES
12.15 ARMACELL GMBH
12.15.1 BUSINESS DESCRIPTION
12.15.2 FINANCIAL PERFORMANCE
12.15.3 SWOT ANALYSIS
12.15.4 PRODUCTS AND SERVICES OFFERED
12.15.5 STRATEGIC INITIATIVES
The global polyurethane (PU) market report has been studied from the year 2016 till 2025. However, the CAGR provided in the market study is from the year 2017 to 2025. The market research methods involved three stages: Desk research, Primary survey research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the industry analysis; industry trends; market analysis; market trends; market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the polyurethane (PU) market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, VPs, CEOs, COOs, financial consultants, business consultants, strategy consultants, project management consultants, business management consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, demand forecasting, SWOT analysis of the company’s manufacturing polyurethane (PU), and customer analytics.
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
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