GLOBAL POLYURETHANE MARKET FORECAST 2018-2026

Global Polyurethane market is estimated to grow with approx.6.50% CAGR during the year 2018 2026. The base year considered for the study is 2017 and the forecast period is 2018-2026. Global Polyurethane market is primarily driven by the following factors:

  • Increasing penetration in automobiles and furniture industry
  • Multiple utilities due to versatile properties
  • Increasing demand for energy efficiency
  • Innovative applications
  • Lightweight

The important driver increasing growth in the Global Polyurethane Market is the increasing demand for energy efficiency. The industry is generating high demand for chemicals & products which deliver high energy value while maintaining the sustainability of the environment. Frequent changes in the environment and climatic conditions have lead to a significant increase in the consumption of energy, especially that which is derived from natural resources. A significant percentage of the energy is used to heat, cool and operate the homes and buildings.Moreover, the increasing consumption of energy has lead to a significant rise of CO2 levels in the atmosphere. Reducing energy consumption is a possible and cost-effective solution for limiting the greenhouse emissions. Thus, the industries are looking for solutions like polyurethane with high thermal insulation to contribute to greater energy efficiency.

The production of bedding and furniture is entirely dependent on petroleum-based polyols for manufacturing flexible foams. The constant rise in global population is boosting the demand for furniture and bedding, thereby driving the consumption of polyurethane for these applications. The increase in the demand for luxury bedding and furniture is also mounting owing to the growth of production capacities of suppliers in emerging economies. Vendors are also expanding rapidly to cater to the increasing demand from the domestic markets, including Brazil and India.

Degradation of PU waste is the major factor hindering the polyurethane market. Production of polyurethane from TDI & MDI results in several by-products such as phosgene, isocyanates, toluene, diamines and methylene chloride. Moreover, the burning of polyurethane releases many dangerous chemicals like isocyanates, carbon dioxide, hydrogen cyanide, PAHs and dioxins. These chemicals & gases can contaminate the soil & water when dumped, and in some cases could pose a threat to human health. CFCs, or chlorofluorocarbons, are a byproduct of polyurethane production and are released when the material is burned.The methylene chloride and CFCs polyurethane produce ozone-depleting gases, which are a considerable concern for environmentalists.

The global polyurethane market segments include end-users, products and types.

End-users are further segmented into:

  • Furniture and bedding
  • Building and construction
  • Automobiles
  • Footwear
  • Electrical and electronics
  • Others

Products are further segmented into:

  • Flexible Foams
  • Rigid Foams
  • Elastomers
  • Adhesives and sealants
  • Coatings
  • Others

Types are further segmented into:

  • Thermoplastic
  • Thermosetting

Geographically, the Global Polyurethane Market has been segmented on the basis of four major regions, which include:

Asia Pacific is anticipated to account the largest market share during the forecast period. It is the largest consumer of polyurethane. The region is expected to be the fastest-growing polyurethane market during the eight-year period of 2018 to 2026. Rising PU demand from the footwear and automobile industries is helping to boost consumption while changing lifestyles and increased disposable income are also acting as major contributory factors. China, the global manufacturing capital, accounted for major share of the polyurethane consumed in APAC. The countrys automotive sector, which includes both private and public transportation, is the biggest end user in the region. Leading manufacturers such as BASF, Bayer and Dow Chemical are producing polyurethane in APAC in order to reduce the production costs. The availability of raw materials, skilled labor at competitive rates and rapidly improving infrastructure are key reasons that have helped facilitate the capacity expansions in this region.

The Global Polyurethane Market is segmented based on end-users that are further sub-divided into furniture and bedding, building and construction, automobiles, footwear, electrical and electronics, and others. The market is also segmented on the basis of products which are sub-divided into flexible foams, rigid foams, elastomers, adhesives and sealants, coatings, and others. On the basis of types, the market is segmented into thermoplastic and thermosetting.

The major market players of the Global Polyurethane Market are:

  • BASF SE
  • BAYER AG
  • HUNTSMAN CORPORATION
  • MITSUI CHEMICAL INC
  • THE DOW CHEMICAL COMPANY
  • OTHERS

Company Profiles covers analysis of important players

These companies are using organic and inorganic strategies for growth. For instance, on 10th April 2018, the U.S. Justice Department gave Bayer permission to buyMonsantoin a $62.5 billion deal. The approval (with some conditions) was the last big hurdle for the deal, which hasbeen in the workssinceMay 2016. DOJ approval followsEuropean Union approvalin March and a productive meeting between Bayer and President Trump in January. Its the largest all-cash buy-out on record and the largest deal ever by a German company. On 19th September 2017, BASF and Solvay have signed an agreement related to the sale of Solvays integrated polyamide business to BASF. The acquisition would complement BASFs engineering plastics portfolio and expand the companys position as a solution provider for the transportation, construction, industrial applications and consumer industries. Regionally, the transaction would enhance access to key growth markets in Asia and South America.

Key Findings of the global polyurethane market.

  • Increasing demand for energy efficiency and increasing penetration in automobiles and furniture industry is fueling growth in the global polyurethane market.
  • Asia Pacific accounted the largest revenue share in 2017.
  • Flexible foam is a dominating segment
  • Increasing government support
  • Product launch is the key strategy adopted by the various market players of global polyurethane market.
  • Furniture and bedding is the major segment of end-user.

TABLE OF CONTENTS
  1. RESEARCH SCOPE
    1. STUDY GOALS
    2. SCOPE OF THE MARKET STUDY
    3. WHO WILL FIND THIS REPORT USEFUL?
    4. STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    1. SOURCES OF DATA
      1. SECONDARY DATA
      2. PRIMARY DATA
    2. TOP DOWN APPROACH
    3. BOTTOM-UP APPROACH
    4. DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    1. MARKET SUMMARY
    2. KEY FINDINGS
      1. INCREASED INVESTMENTS IN R&D
      2. GROWING DEMAND FROM ELECTRONICS INDUSTRY
      3. FLEXIBLE FOAM TO HOLD MAJOR CHUNK OF THE MARKET
  4. MARKET DYNAMICS
    1. MARKET DEFINITION
    2. DRIVERS
      1. INCREASING PENETRATION IN AUTOMOBILES AND FURNITURE INDUSTRY
      2. MULTIPLE UTILITY DUE TO VERSATILE PROPERTIES
      3. INCREASING DEMAND FOR ENERGY EFFICIENCY
      4. INNOVATIVE APPLICATIONS
      5. LIGHTWEIGHT
    3. RESTRAINTS
      1. DEGRADATION OF PU WASTE IS A MAJOR ENVIRONMENTAL CONCERN
    4. OPPORTUNITIES
      1. POLYURETHANE SCORES OVER METALS IN ALL ASPECTS
      2. SHARP CORRECTION IN GLOBAL CRUDE OIL AND PETROLEUM PRODUCT PRICES
    5. CHALLENGES
      1. INDUSTRY MOVING TOWARDS BIO-BASED PU
      2. FLUCTUATING CRUDE OIL PRICES
  5. MARKET BY END-USER
    1. FURNITURE AND BEDDING
    2. BUILDING AND CONSTRUCTION
    3. AUTOMOBILES
    4. FOOTWEAR
    5. ELECTRICAL AND ELECTRONICS
    6. OTHER MARKETS
  6. MARKET BY PRODUCT
    1. FLEXIBLE FOAM
    2. RIGID FOAM
    3. ELASTOMERS
    4. ADHESIVES AND SEALANTS
    5. COATINGS
    6. OTHER MATERIALS
  7. MARKET BY TYPE
    1. THERMOPLASTIC
    2. THERMOSETTING
  8. KEY ANALYTICS
    1. PORTERS 5 FORCE ANALYSIS
      1. THREAT OF NEW ENTRANTS
      2. THREAT OF SUBSTITUTE PRODUCTS
      3. BARGAINING POWER OF BUYERS
      4. BARGAINING POWER OF SUPPLIERS
      5. INTENSITY OF COMPETITIVE RIVALRY
    2. VALUE CHAIN ANALYSIS
      1. RAW MATERIAL SUPPLIERS
      2. MANUFACTURERS
      3. CONVERTERS
      4. DISTRIBUTORS
      5. RETAILERS
      6. END-USERS
    3. REGULATORY FRAMEWORK
    4. VENDOR LANDSCAPE
    5. OPPORTUNITY MATRIX
  9. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. UNITED STATES
      2. CANADA
    2. EUROPE
      1. GERMANY
      2. UK
      3. ITALY
      4. SPAIN
      5. FRANCE
      6. REST OF EUROPE
    3. ASIA PACIFIC
      1. CHINA
      2. JAPAN
      3. INDIA
      4. REST OF APAC
    4. REST OF WORLD
      1. SOUTH AMERICA
      2. MIDDLE-EAST
      3. AFRICA
  10. COMPETITIVE LANDSCAPE
    1. COMPANY PROFILE
      1. BAYER AG
      2. BASF SE
      3. COVESTRO
      4. DIC CORP
      5. EASTMAN CHEMICAL CO
      6. HUNTSMAN CORP
      7. LUBRIZOL CORP
      8. MITSUBISHI CHEMICAL CORP
      9. MITSUI CHEMICALS INC
      10. NIPPON POLYURETHANE INDUSTRY CORP LTD
      11. RAMPF HOLDING GMBH & CO KG
      12. RECTICEL S.A.
      13. RTP COMPANY
      14. THE DOW CHEMICAL COMPANY
      15. WOODBRIDGE FOAM CORP

 

LIST OF TABLES

TABLE 1 GLOBAL POLYURETHANE MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 2 INNOVATIONS IN POLYURETHANE

TABLE 3 GLOBAL POLYURETHANE MARKET BY END-USER 2018-2026 ($ MILLION)

TABLE 4 GLOBAL POLYURETHANE MARKET BY END-USER 2018-2026 (KILO TONS)

TABLE 5 GLOBAL FURNITURE AND BEDDING MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 6 GLOBAL BUILDING AND CONSTRUCTION MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 7 COMPANIES POLYURETHANE FOAM-BASED INSULATION PRODUCTS

TABLE 8 GLOBAL AUTOMOBILES MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 9 BASFS NEW PU TECHNOLOGIES AND APPLICATIONS FOR AUTOMOBILES

TABLE 10 BENEFITS OF POLYURETHANE AUTOMOTIVE APPLICATIONS

TABLE 11 GLOBAL FOOTWEAR MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 12 GLOBAL ELECTRICAL AND ELECTRONICS MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 13 GLOBAL OTHERS MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 14 GLOBAL POLYURETHANE MARKET BY PRODUCT 2018-2026 ($ MILLION)

TABLE 15 GLOBAL POLYURETHANE MARKET BY PRODUCT 2018-2026 (KILO TONS)

TABLE 16 GLOBAL FLEXIBLE FOAM MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 17 CONSUMER AND COMMERCIAL PU PRODUCTS

TABLE 18 GLOBAL RIGID FOAM MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 19 GLOBAL ELASTOMERS MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 20 GLOBAL ADHESIVES AND SEALANTS MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 21 ADVANTAGES OF POLYURETHANE SEALANTS

TABLE 22 GLOBAL COATINGS MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 23 PRODUCT LABELING

TABLE 24 GLOBAL OTHERS MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 25 GLOBAL POLYURETHANE MARKET BY TYPE 2018-2026 ($ MILLION)

TABLE 26 GLOBAL POLYURETHANE MARKET BY TYPE 2018-2026 (KILO TONS)

TABLE 27 GLOBAL THERMOPLASTIC MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 28 GLOBAL THERMOSETTING MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 29 GLOBAL POLYURETHANE MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 30 GLOBAL POLYURETHANE MARKET BY GEOGRAPHY 2018-2026 (KILO TONS)

TABLE 31 FOOTWEAR IMPORTS IN NORTH AMERICA 2015 ($ MILLION)

TABLE 32 NORTH AMERICA POLYURETHANE MARKET BY COUNTRY 2018-2026 ($ MILLION)

TABLE 33 EUROPE POLYURETHANE MARKET BY COUNTRY 2018-2026 ($ MILLION)

TABLE 34 ASIA PACIFIC POLYURETHANE MARKET BY COUNTRY 2018-2026 ($ MILLION)

TABLE 35 GLOBAL FOOTWEAR PRODUCTION RANKINGS BY COUNTRY 2015

TABLE 36 CHINA GLOBAL EXPORTS BY PRODUCT 2015 ($ BILLIONS/%)

TABLE 37 REST OF WORLD POLYURETHANE MARKET 2018-2026 ($ MILLION)

LIST OF FIGURES

FIGURE 1 GLOBAL POLYURETHANE MARKET BY END-USERS 2018-2026 ($ MILLION)

FIGURE 2 GLOBAL FURNITURE AND BEDDING MARKET 2018-2026 ($ MILLION)

FIGURE 3 GLOBAL BUILDING AND CONSTRUCTION MARKET 2018-2026 ($ MILLION)

FIGURE 4 GLOBAL AUTOMOBILES MARKET 2018-2026 ($ MILLION)

FIGURE 5 GLOBAL FOOTWEAR MARKET 2018-2026 ($ MILLION)

FIGURE 6 GLOBAL ELECTRICAL AND ELECTRONICS MARKET 2018-2026 ($ MILLION)

FIGURE 7 GLOBAL OTHERS MARKET 2018-2026 ($ MILLION)

FIGURE 8 GLOBAL FLEXIBLE FOAM MARKET 2018-2026 ($ MILLION)

FIGURE 9 GLOBAL RIGID FOAM MARKET 2018-2026 ($ MILLION)

FIGURE 10 GLOBAL ELASTOMERS MARKET 2018-2026 ($ MILLION)

FIGURE 11 GLOBAL ADHESIVES AND SEALANTS MARKET 2018-2026 ($ MILLION)

FIGURE 12 GLOBAL COATINGS MARKET 2018-2026 ($ MILLION)

FIGURE 13 GLOBAL OTHERS MARKET 2018-2026 ($ MILLION)

FIGURE 14 GLOBAL THERMOPLASTIC MARKET 2018-2026 ($ MILLION)

FIGURE 15 GLOBAL THERMOSETTING MARKET 2018-2026 ($ MILLION)

FIGURE 16 UNITED STATES POLYURETHANE MARKET 2018-2026 ($ MILLION)

FIGURE 17 CANADA POLYURETHANE MARKET 2018-2026 ($ MILLION)

FIGURE 18 GERMANY POLYURETHANE MARKET 2018-2026 ($ MILLION)

FIGURE 19 UK POLYURETHANE MARKET 2018-2026 ($ MILLION)

FIGURE 20 ITALY POLYURETHANE MARKET 2018-2026 ($ MILLION)

FIGURE 21 SPAIN POLYURETHANE MARKET 2018-2026 ($ MILLION)

FIGURE 22 PLASTIC CONVERSION MARKET BY END-USER 2015 (%)

FIGURE 23 FRANCE POLYURETHANE MARKET 2018-2026 ($ MILLION)

FIGURE 24 ROE POLYURETHANE MARKET 2018-2026 ($ MILLION)

FIGURE 25 CHINA POLYURETHANE MARKET 2018-2026 ($ MILLION)

FIGURE 26 JAPAN POLYURETHANE MARKET 2018-2026 ($ MILLION)

FIGURE 27 INDIA POLYURETHANE MARKET 2018-2026 ($ MILLION)

FIGURE 28 REST OF APAC POLYURETHANE MARKET 2018-2026 ($ MILLION)

FIGURE 29 SOUTH AMERICA POLYURETHANE MARKET 2018-2026 ($ MILLION)

FIGURE 30 MIDDLE EAST POLYURETHANE MARKET 2018-2026 ($ MILLION)

FIGURE 31 AFRICA POLYURETHANE MARKET 2018-2026 ($ MILLION)

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