BANGALORE, India, April 15, 2021 /PRNewswire/ -- The Polyurethane
Market is Segmented by Product (Flexible Foam, Rigid
Foam, Coatings, Adhesives & Sealants, Elastomers, Others),
by Application (Furniture and Interiors, Construction,
Electronics and Appliances, Automotive, Footwear, Others). The
report covers global opportunity analysis and industry forecast
from 2021 to 2026. It is published on Valuates Reports in the
Plastics & Polymers Category.
The global Polyurethane market size is projected to reach
USD 90,980 Million by 2026, from
USD 71,320 Million in 2019, at a CAGR
of 3.5% during the forecast period 2021-2026.
Major factors driving the growth of Polyurethane market size
are:
- Various end-user applications of polyurethane, due to easily
moldable properties
- Increase in demand for lightweight and durable goods in the
automotive, building, and electronics industries
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TRENDS INFLUENCING THE POLYURETHANE (PU) MARKET SIZE
The rapidly expanding furniture industry is expected to drive
the polyurethane market size during the forecast period. Due to
rapid urbanization and a general shift in the lifestyle of city
dwellers, the furniture industry is rapidly expanding. Polyurethane
(PUR or PU) is a type of polyurethane that is commonly used in
furniture for cushioning and bedding. This will be one of the most
prominent polyurethane industry developments, which will be boosted
even further by global housing growth.
Furthermore, PU foams are used to make car seats as well as to
insulate refrigerators and other electronics. Polyurethane is also
becoming more common in construction applications, where it is used
in coatings, sealants and adhesives, and elastomers, among other
applications. This widespread application of PU in several end-user
industries is expected to increase polyurethane market size.
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Analysis on Polyurethane Market:
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THE POLYURETHANE (PU) MARKET SHARE ANALYSIS
By Product Type, Flexible foam is one of the largest product
segments of the polyurethane market, accounting for about 36%
market share. Bedding, chairs, vehicle interiors, carpet underlay,
and packaging all use flexible polyurethane foam as a cushioning
material. Flexible foam can be made in a wide range of shapes and
firmness levels. It's lightweight, long-lasting, supportive, and
comfortable.
By Application, Furniture and interiors and construction are the
most widely used in the refuge chamber market, accounting for a
combined about 55% of the market share. Some of the factors driving
the segment's growth include increased use in bedding, upholstery,
seating, and interior items. In the construction industry, PIR and
PUR panels are used. PIR and PUR panels are lightweight, simple to
handle and ship (lowering costs even more), and resistant to
organic compound corrosion and vermin damage. As a result, they are
suitable for all climates and seasons. Sandwich panels with a
polyurethane core are one of the most useful building materials,
and they are gaining traction in various countries due to their
property
By Region, The Asia-Pacific
region was the largest polyurethane market in 2018, accounting for
about 50% of the global market, compared with about 20% in
Europe and 16% in North America. Due to growth in the
construction and furniture industries, especially in China, Asia-Pacific is expected to hold a significant
share of the market.
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Top Major Players in the Polyurethane Market
- Dow
- BASF
- Huntsman
- AkzoNobel
- Covestro
- Lubrizol
- Recticel
- LANXESS
- INOAC
- Tosoh
- Mitsui Chem
- Woodbridge Foam
- Wanhua
- Shanghai Dongda
- Oriental Yuhong.
Polyurethane Market Breakdown Data by Type
- Flexible Foam
- Rigid Foam
- Coatings
- Adhesives & Sealants
- Elastomers
- Others.
Flexible foam is one of the largest product segments of the
polyurethane market,accounting for about 36% market share.
Polyurethane Market Breakdown Data by Application
- Furniture and Interiors
- Construction
- Electronics and Appliances
- Automotive
- Footwear
- Others
Furniture and interiors and construction are the most widely
used in the refuge chamber market, accounting for a combined about
55% of the market share.
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SIMILAR REPORTS :
- Polyurethane Resin Market Report contains
segmentation by Type (Solvent Based Polyurethane Resins, Water
Based Polyurethane Resins, Other), Application (Transportation,
Construction, Others) and Regional Opportunity Analysis and
Industry Forecast.
- The Polyurethane Elastomers market size is
projected to reach USD 14280 Million
by 2026, from USD 11310 Million in
2019, at a CAGR of 3.3% during 2021-2026.
- The Thermoplastic Polyurethane Market Report
contains segmentation by Type (Polyester, Polyether,
Polycaprolactone), Application (Construction, Automobile, Footwear,
Medical, Heavy Engineering, Others) and Regional Opportunity
Analysis and Industry Forecast.
- The Global Polyurethane Foam Market size is
expected to grow from USD 50,437.19
Million in 2019 to USD 75,363.92
Million by the end of 2025 at a Compound Annual Growth Rate
(CAGR) of 6.92%.
- The global Polyurethane Adhesives market size is
projected to reach USD 2561.3 Million
by 2026, from USD 1997.7 Million in
2019, at a CAGR of 3.6% during 2021-2026. Asia-Pacific is expected to witness the
highest growth rate in the PU adhesives market, in terms of value
and volume.
- The global Polyurethane Composites market size is
projected to reach USD 635 Million by
2026, from USD 503 Million in 2019,
at a CAGR of 3.3% during 2021-2026.
- Polyurethane Microspheres Market Report 2021 - The
demand for polyurethane microspheres has increased in paint &
coating applications owing to their superior thickening
properties.
- The global Polyurethane Additives market size is
projected to reach USD 2561.3 Million
by 2026, from USD 1997.7 Million in
2019, at a CAGR of 3.6% during 2021-2026. Asia-Pacific region is dominant in the
polyurethane additive market. The rising demand for polyurethane
additives in this region is mainly driven by its increased use in
building & construction industries. Europe is the second-largest consumer of
polyurethane additives, globally.
- Waterborne Polyurethane Market size is valued at
USD 8807.1 Million in 2020 is
expected to reach USD 11870 Million
by the end of 2026, growing at a CAGR of 5.1% during 2021-2026.
- The global Microcellular Polyurethane Foam
market size is projected to reach USD
5928.3 Million by 2027, from USD
4552.3 Million in 2020, at a CAGR of 4.5% during
2022-2027.
- The global Bio-Based Polyurethane market was valued
at USD 26 Million in 2019 and it is
expected to reach USD 42 Million by
the end of 2026, growing at a CAGR of 7.1% during 2021-2026.
To see the full list of related reports on the Polyurethane
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