World Polyurethane Demand to Post 6.51% CAGR to 2022, Forecasts MRFR in Its Topical Report Available at MarketPublishers.com
22 Sep 2017 • by Natalie Aster
LONDON – Worldwide, the demand of polyurethane (PU) is projected to surpass the USD 81.700 billion mark in 2022, posting a 6.51% CAGR during the projected period. Based on product, rigid and flexible foams take the lead in the market by value and volume, accounting for 56.7% of total revenue share. Region-wise, APAC is the largest PU market, followed by Europe and North America.
High performance, flexibleness, lightweight, oilproofness and water resistance alongside a hike in demand from automobile and furniture for use in interiors, seat cushioning and insulation foam are set to stimulate the growth of the polyurethane sector.
A hike in infrastructure development activities, and governments’ increased spending on construction of commercialised buildings is also propelling the demand for rigid and flexible PU foams. Surging demand for green and sustainable infrastructure by use of effective and insulated foams will likely propel the market growth. That way, the ability of PU to withstand ambient impacts in tandem with low thermal conductivity is poised to give a boost to the overall market. PU is utilised to make seat frames which makes the material lighter by 35% compared to metal strap frames.
With rising CO2 emission from manifold production process has drawn the attention of many regulatory authorities like Environmental Protection Agency (EPA) to lower down the GHG emission. Furthermore, combating the pollution levels, use of PU material by end-use sectors will boost the market growth.
The world PU market is led by tier 1 producer that captured over 60% of total revenue. BASF SE, Tosoh Corporation, The Dow Chemical Company, Covestro AG, and DIC Corporation, amid others., are the leading players of the world polyurethane marketplace.
Topical research report “Global Polyurethane Market Research Report - Forecast to 2022” prepared by MRFR offers a detailed analysis and forecast of the PU market globally. It presents market size estimates (value and volume) by product, end-user, and region. The study casts light on the key drivers and restraints, trends and opportunities; includes an all-round market factor analysis covering the value chain and presenting Porter’s five forces analysis. The study canvasses the competitive landscape and explores key developments of the leading players, as well as offers detailed profiles of the top 7 companies active in the market.
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