Report Scope & Overview:
Polyurethanes (PU) Market Size was valued at USD 59.76 billion in 2022, and expected to reach USD 90.34 billion by 2030, and grow at a CAGR of 5.3% over the forecast period 2023-2030. The chemistry of polyurethane allows it to be moulded into unexpected shapes and added comfort and convenience to industrial and consumer applications.
Polyurethanes are made by combining polyols with diisocyanates or polymeric isocyanates in the presence of catalysts and additives. To fulfil the needs of specific applications, a wide range of polyols are used to create a variety of products. Polyurethane materials are used in a wide range of everyday consumer goods. Polyurethane is used in a variety of applications, including upholstered furniture, rigid foam for wall and roof insulation, TPU in medical equipment and footwear, and coatings, adhesives, sealants, and elastomers for flooring and automobile interiors.
Polyurethane's versatility and unique physical qualities
Polyurethane is becoming more widely used in refrigeration applications.
The bedding was revitalised thanks to memory foam.
Environmental problems and dangers of exposure
Demand for acid-epoxy coatings is increasing.
Growing demand for low-VOC, environmentally friendly, and long-lasting polyurethane
Polyurethane recycling and recovery expand
New bio-based polyurethane feedstock.
Crude oil price volatility
Impact of Covid-19:
The COVID-19 epidemic has had a significant impact on several key end-use industries in the PU market, including furniture, construction, electronics, automotive, and others. The pandemic and ensuing lockdown have reduced the staff in manufacturing units, resulting in lower polyurethane production. Revenue losses, indebtedness, poorer supply chains, and other challenges have been posed by the new coronavirus to market enterprises. The uncontrollable spread of SARS-CoV-2 around the world has prompted prominent manufacturers to adhere to tight safety standards and maintain effective communication, as the health of their employees has become a top priority. Vendors are also under pressure to undertake competitive measures in order to maintain their market positions, despite the COVID-19 pandemic's obstacles.
Eastman Chemical Company (U.S.), BASF SE (Germany), Tosoh Corporation (Japan), Huntsman Corporation (U.S), The Dow Chemical Company (U.S), Covestro AG (Germany), DIC Corporation (JAPAN),
By Raw Material Type
By Product Type:
Adhesive & sealants
By End User:
Building & construction
Automotive & transportation
Bedding & furniture
Appliances & white good
Given the government's increased focus on energy efficiency and homes progressively embracing thermal insulation backed by federal assistance, the US polyurethane market has emerged as one of the best performers in North America. Polyurethane's expanding application scope in North American industries such as textiles, food, apparel, personal protective equipment, and medical is further driving market expansion.
|Market Size in 2022||US$ 59.76 Billion|
|Market Size by 2030||US$ 90.34 Billion|
|CAGR||CAGR of 5.3% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Raw Material Type (Polyol, MDI, TDI, Others)
• By Product Type (Flexible foam, Rigid foam, Coating, Adhesive & sealants, Others)
• By End User (Building & construction, Automotive & transportation, Bedding & furniture, Footwear, Appliances & White Good)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Eastman Chemical Company (U.S.), BASF SE (Germany), Tosoh Corporation (Japan), Huntsman Corporation (U.S), The Dow Chemical Company (U.S), Covestro AG (Germany), DIC Corporation (JAPAN),|
|DRIVERS||• Polyurethane's versatility and unique physical qualities
• Polyurethane is becoming more widely used in refrigeration applications.
• The bedding was revitalised thanks to memory foam.
|Restraints||• Environmental problems and dangers of exposure
• Demand for acid-epoxy coatings is increasing.
The growth rate of the Polyurethanes (PU) Market is 5.3% over the forecast period 2023-2030.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: The COVID-19 epidemic has had a significant impact on several key end-use industries in the PU market, including furniture, construction, electronics, automotive, and others. The pandemic and ensuing lockdown have reduced the staff in manufacturing units, resulting in lower polyurethane production. Revenue losses, indebtedness, poorer supply chains, and other challenges have been posed by the new coronavirus to market enterprises. The uncontrollable spread of SARS-CoV-2 around the world has prompted prominent manufacturers to adhere to tight safety standards and maintain effective communication, as the health of their employees has become a top priority. Vendors are also under pressure to undertake competitive measures in order to maintain their market positions, despite the COVID-19 pandemic's obstacles.
Ans: Polyurethane's versatility and unique physical qualities, Polyurethane is becoming more widely used in refrigeration applications and The bedding was revitalised thanks to memory foam are the drivers for Polyurethanes (PU) Market.
Ans: New bio-based polyurethane feedstock and Crude oil price volatility are the challenges faced by the Polyurethanes (PU) Market.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Polyurethanes (PU) Market Segment, By Raw Material Type
9. Global Polyurethanes (PU) Market Segment, By Product Type
9.1 Flexible foam
9.2 Rigid foam
9.4Adhesive & sealants
10. Global Polyurethanes (PU) Market Segment, By End User
10.1 Building & construction
10.2 Automotive & transportation
10.3 Bedding & furniture
10.5 Appliances & white good
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profile
12.1 Eastman Chemical Company (U.S.)
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 BASF SE (Germany)
12.3 Tosoh Corporation (Japan)
12.4 Huntsman Corporation (U.S)
12.5 The Dow Chemical Company (U.S)
12.6 Covestro AG (Germany)
12.7 DIC Corporation (JAPAN)
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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