Report Scope:
The scope of the report includes a general outlook of the polyurethane market. It examines industry standards, government and industry support, and other key factors related to the success of polyurethanes. This report segments the market into major sub-segments like material, type, application, end user and region.
The material type explains the relevant and upcoming technologies covering the qualitative aspects of the market in brief details. A detailed overview of these technologies coupled with relevant market data in terms of market size is measured in dollar terms are provided. The application chapter includes detailed overviews of flexible foams, rigid foams, elastomers, adhesives and sealants, coatings and others.
This report covers the global market for polyurethanes and has an analysis of the global market trends, with the base year as 2020 and estimated compound annual growth rates (CAGR) for 2021 and 2026. Sales values are presented in U.S. dollars. Estimated values used are based on manufacturers' total revenues.
The study also discusses market dynamics such as drivers, restraints, opportunity and challenges. It further examines new and emerging trends and their impact on current and future market dynamics.
Report Includes:
- 109 tables
- An overview of the global markets for polyurethanes technologies and applications
- Analyses of the global market trends, with data from 2020, estimates for 2021, and projections of compound annual growth rates (CAGRs) through 2026
- Highlights of key market dynamics (DROs) for polyurethanes technologies, opportunity assessment, and impact of COVID-19 on the progress of this market
- Estimation of market size and market forecast for polyurethanes, and corresponding market share analysis by type, application, end user vertical, and geography
- Discussion of key enabling technologies for the next generation of smart machines, including voice recognition technology, micro- and nano- sensors, radio frequency technologies, and neurocomputing
- Insight into the growth development strategies of the key market players operating within the global PU market; their key competitive landscape and company share analysis
- Descriptive company profiles of the major market players including Aragon Elastomers, BASF, COIM Group, Covestro AG, Dow Chemical Co., Lanxess, Eastman Chemical Co., Mitsubishi Chemical Holdings Corp.
Summary:
Polyurethane materials were first developed as a replacement for natural rubber during World War II, and they have since made their way into thousands of uses in homes and businesses all globally. Polyurethanes are a type of material that are popular among consumers because of their excellent performance and durability. The most well-known product is polyurethane foam, which is used in furniture, insulation and bedding. Paints and coatings, adhesives, sealants, elastomer fibers and rubberized items, such as conveyor belt rollers, all use polyurethane materials. This study is based on a 2017 report published by BCC Research. It shows the economic impact of both the value created by its
manufacturing activities and the value created by the industries that use its products to produce their output.
In 2019, as many end-use sectors continued to increase, the output of polyurethane products and the industries that consume rose. Furniture and bedding, building and construction, and automotive are the industries with the most production growth. Light automobiles continue to be a significant market for polyurethanes; however, assembly volumes fell in 2020. Paper, clothes and several textile products are among the industries that are still struggling.
The report includes COVID-19's influence on the global economy. Research extends across the full value chain, from chemical raw material suppliers to their direct clients, and finally to the ultimate producers of consumer and industrial goods. The findings of the analysis highlight the contributions made by upstream (supply chain) industries and downstream consuming sectors, in addition to the direct contributions provided by the polyurethanes business.
Polyurethanes are a type of plastic manufactured by combining a polyol (an alcohol with more than two reactive hydroxyl groups per molecule) with a diisocyanate or a polymeric isocyanate in the presence of catalysts and additives. Polyurethane is made from a variety of diisocyanates and polyols, and a large range of polyurethane products are available to fulfil the needs of certain end-market applications. Flexible foams, rigid foams, chemical-resistant coatings, specialty adhesives and sealants, and elastomers are all examples of polyurethanes. Polyurethane materials are employed in a variety of applications across the economy. Polyurethane materials (polyols, diisocyanates, and additives) and
polyurethane products (polyurethane coatings, spandex fibers, basic polyurethane foam products and so on) make up the polyurethanes business.
Furniture and bedding was the largest market segment for polyurethanes in 2020. However, building and construction, and electrical and electronics, are estimated to be the fastest-growing segments between 2021 and 2026. This growth is based on various key factors such as technological advancements, innovation and the availability of wide-ranging polyurethane products for automotive, furniture, electronics, biomedical, footwear and construction applications. Further, product launches, expansions, partnerships and agreement will boost growth in the coming years. Other key factors contributing to the growth of the polyurethanes market include favorable government regulations, growing demand from emerging countries and huge economic growth in major end-user industries such as health care, construction, automobiles, etc.
Polyurethanes: New Technologies and Applications Drive Global Market Growth
Table of Contents
Chapter 1 Introduction
Study and Objectives
Reason for Doing This Study
Intended Audience
What's New in This Update?
Scope of This Report
Methodology and Information Sources
Geographic Breakdown
Analyst's Credentials
BCC Custom Research
Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
Polyurethanes: Chemistry, Properties and Applications
Polyurethane: A Versatile Material
Market Drivers
Replacement of Conventional Materials
Recyclability of Polyurethanes
Growth in Bedding and Furniture Industry Driven by Expanding Populations
Market Challenges
Volatile Material Prices
Polyurethane Manufacturing Hazards
Environmental Hazards in the Manufacture and Application of Flexible Foams
Market Trends
3D Printing Material
Biodegradable/Natural PU
Energy Conservation
Broad Applications
Value Chain Analysis
Market Regulations
United States
Europe
China
India
Developments in the Polyurethane Market
Descriptions
Chapter 4 Market Breakdown by End Use
Introduction
Furniture and Bedding
Impact of the COVID-19 Pandemic on the Furniture and Bedding Market
Market Estimates and Forecasts
Automobile Industry
Impact of the COVID-19 Pandemic on the Automotive Market
Building and Construction
Market Estimates and Forecasts
Electricals and Electronics
Market Estimates and Forecasts
Footwear
Impact of the COVID-19 Pandemic on the Footwear Market
Other End Uses
Chapter 5 Market Breakdown by Application
Introduction and Overview
Market for Polyurethanes by Application: Estimates and Forecast
Flexible Foams
Rigid Foams
Elastomers
Adhesives and Sealants
Coatings
Other Applications
Chapter 6 Market Breakdown by Type
Introduction and Overview
Market for Polyurethanes by Type: Estimates and Forecasts
Thermosetting Polyurethanes
Thermoplastic Polyurethanes
Chapter 7 Market Breakdown by Region
Introduction and Overview
Market for Polyurethanes by Region: Estimates and Forecasts
Asia-Pacific
North America
United States
Canada
Europe
Rest of the World
Chapter 8 Market Breakdown by Material
Introduction and Overview
Global Market for Polyurethanes by Material
Toluene Diisocyanate (TDI)
Methylene Diphenyl Diisocyanate (MDI)
Bio-based Materials
Polyols
Other Materials
Chapter 9 Competitive Landscape
Major Strategic Developments
Acquisitions
Agreements
Collaboration
Divestments
Expansions
Mergers
New Products
Partnerships
Price Increases
Other Developments
Company Share Analysis
Effects of COVID-19 on Leading Manufacturers
Dow
BASF
Evonik
Huntsman International LLC
Covestro AG
Wanhua
Chapter 10 Company Profiles
ACME-HARDESTY CO.
ARAGON ELASTOMERS, LLC.
ARKEMA INC.
ARGONICS INC.
BASF SE
BERGAD INC.
BOND POLYMERS INTERNATIONAL
CARLISLE POLYURETHANE SYSTEMS
COIM GROUP
COVESTRO AG
DIC CORP.
THE DOW CHEMICAL CO.
EASTMAN CHEMICAL CO.
EVONIK INDUSTRIES AG
FXI
HUNTSMAN INTERNATIONAL LLC
LANXESS
MITSUBISHI CHEMICAL HOLDINGS CORP.
MITSUI CHEMICALS AND SKC POLYURETHANES INC. (MCNS)
NCFI POLYURETHANES
POLYURETHANE LTD.
PRECISION URETHANE & MACHINE INC.
PROTHANE
PSI URETHANES INC.
RECTICEL
SELENA FM SA
SHANDONG INOV POLYURETHANE CO. LTD.
THE SHEPHERD CHEMICAL CO.
THE VITA GROUP
TOSOH CORP.
TOWNSEND CHEMICALS
URETHANE INNOVATORS INC.
VCM POLYURETHANES PVT. LTD.
WANHUA
WOODBRIDGE
ZHEJIANG HENGTAI YUAN POLYURETHANE CO. LTD.
Chapter 11 Appendix
Acronyms
Report Sources
List of Tables
Summary Table : Global Market for Polyurethanes, by Region, Through 2026
Table 1 : Polyurethane Applications
Table 2 : Global Market for Polyurethanes, by End Use, Through 2026
Table 3 : Global Market Volumes of Polyurethanes, by End Use, Through 2026
Table 4 : Global Market for Polyurethanes for Furniture and Bedding, by Region, Through 2026
Table 5 : Global Market for Polyurethanes in the Automobile Industry, by Region, Through 2026
Table 6 : Benefits of Polyurethane in Automotive Applications
Table 7 : Global Market for Polyurethanes in the Building and Construction Industry, by Region, Through 2026
Table 8 : Companies' Polyurethane Foam-based Insulation Products
Table 9 : Global Market for Polyurethanes in the Electricals and Electronics Industry, by Region, Through 2026
Table 10 : Global Market for Polyurethanes in the Footwear Industry, by Region, Through 2026
Table 11 : Global Market for Polyurethanes in Other End Uses, by Region, Through 2026
Table 12 : Global Market for Polyurethanes, by Application, Through 2026
Table 13 : Global Market Volumes of Polyurethanes, by Application, Through 2026
Table 14 : Global Market for Polyurethanes for Flexible Foam Applications, by Region, Through 2026
Table 15 : Consumer and Commercial PU Products
Table 16 : Global Market for Polyurethanes in Rigid Foam Applications, by Region, Through 2026
Table 17 : Global Market for Polyurethanes in Elastomer Applications, by Region, Through 2026
Table 18 : Global Market for Polyurethanes in Adhesive and Sealant Applications, by Region, Through 2026
Table 19 : Advantages of Polyurethane Sealants
Table 20 : Global Market for Polyurethanes in Coating Applications, by Region, Through 2026
Table 21 : Product Labeling
Table 22 : Global Market for Polyurethanes in Other Applications, by Region, Through 2026
Table 23 : Global Market for Polyurethanes, by Type, Through 2026
Table 24 : Global Market Volumes of Polyurethanes, by Type, Through 2026
Table 25 : Global Thermosetting Polyurethane Market, by Region, Through 2026
Table 26 : Global Market for Thermoplastic Polyurethane, by Region, Through 2026
Table 27 : Global Market for Polyurethanes, by Region, Through 2026
Table 28 : Global Market Volumes of Polyurethanes, by Region, Through 2026
Table 29 : Asia-Pacific Market for Polyurethane, by End Use, Through 2026
Table 30 : Asia-Pacific Market for Polyurethane, by Application, Through 2026
Table 31 : Asia-Pacific Market for Polyurethane Market, by Country, Through 2026
Table 32 : Asia-Pacific Market for Polyurethane, by Type, Through 2026
Table 33 : Asia-Pacific Market Volumes of Polyurethane, by Type, Through 2026
Table 34 : Asia-Pacific Market for Polyurethane, by Material, Through 2026
Table 35 : North American Market for Polyurethane, by Country, Through 2026
Table 36 : North American Market for Polyurethane, by End Use, Through 2026
Table 37 : North American Polyurethane Market, by Application, Through 2026
Table 38 : North American Market for Polyurethane, by Type, Through 2026
Table 39 : North American Market Volumes of Polyurethane, by Type, Through 2026
Table 40 : North American Polyurethane Market, by Material, Through 2026
Table 41 : European Market for Polyurethane, by Country, Through 2026
Table 42 : European Market for Polyurethane, by Application, Through 2026
Table 43 : European Market for Polyurethane, by End Use, Through 2026
Table 44 : European Market for Polyurethane, by Type, Through 2026
Table 45 : European Market Volumes of Polyurethane, by Type, Through 2026
Table 46 : Europe Market for Polyurethane, by Material, Through 2026
Table 47 : Rest of the World Market for Polyurethane, by End Use, Through 2026
Table 48 : Rest of the World Market for Polyurethane, by Application, Through 2026
Table 49 : Rest of the World Market for Polyurethane, by Type, Through 2026
Table 50 : Rest of the World Market Volumes of Polyurethane, by Type, Through 2026
Table 51 : Rest of the World Market for Polyurethane, by Material, Through 2026
Table 52 : Global Market for Polyurethanes, by Material, Through 2026
Table 53 : Global Market for Toluene Diisocyanate Polyurethanes, by Region, Through 2026
Table 54 : Global Market for Methylene Diphenyl Diisocyanate Polyurethanes, by Region, Through 2026
Table 55 : Key Benefits of Bio-based Materials
Table 56 : Principal Technologies Available
Table 57 : Global Market for Polyols Polyurethanes, by Region, Through 2026
Table 58 : Benefits of Additives
Table 59 : Silicone Additives for Flexible Foam Applications and Their Properties
Table 60 : Global Market for Polyurethanes Based on Other Types of Materials, by Region, Through 2026
Table 61 : Distribution of Key Strategies of Leading Players, 2019-2021
Table 62 : Recent PU Industry Activities, by Company, 2015-2016
Table 63 : Acquisitions in the Global Market for Polyurethanes, 2019-2021
Table 64 : Agreements in the Global Market for Polyurethanes, 2021
Table 65 : Collaborations in the Global Market for Polyurethanes, 2019-2020
Table 66 : Divestment Strategies in the Global Market for Polyurethanes, 2019-2021
Table 67 : Major Expansions in the Global Market for Polyurethanes, 2019-2021
Table 68 : Mergers in the Global Market for Polyurethanes, 2019
Table 69 : New Product Launches in the Global Market for Polyurethanes, 2019-2021
Table 70 : Partnerships in the Global Market for Polyurethanes, 2020-2021
Table 71 : Price Increases in the Global Market for Polyurethanes, 2020-2021
Table 72 : Other Developments in the Global Market for Polyurethanes, 2020-2021
Table 73 : Acme-Hardesty's Product Portfolio
Table 74 : Aragon Elastomers' Product Portfolio
Table 75 : Arkema's Product Portfolio
Table 76 : Argonics Inc. Product Portfolio
Table 77 : BASF's Product Portfolio
Table 78 : Bergad's Product Portfolio
Table 79 : Bond Polymers International's Product Portfolio
Table 80 : Carlisle Polyurethane Systems' Product Portfolio
Table 81 : COIM's Product Portfolio
Table 82 : Covestro AG's Product Portfolio
Table 83 : DIC Corp.'s Product Portfolio
Table 84 : Dow Chemical's Product Portfolio
Table 85 : Eastman Chemical Co.'s Product Portfolio
Table 86 : Evonik Industries' Product Portfolio
Table 87 : FXI's Product Portfolio
Table 88 : Huntsman International LLC's Product Portfolio
Table 89 : Lanxess' Product Portfolio
Table 90 : Mitsui Chemicals and SKC Polyurethanes Inc.'s Product Portfolio
Table 91 : NCFI Polyurethanes' Product Portfolio
Table 92 : Polyurethane Ltd.'s Product Portfolio
Table 93 : Precision Urethane & Machine's Product Portfolio
Table 94 : Prothane's Product Portfolio
Table 95 : PSI Urethanes Inc.'s Product Portfolio
Table 96 : Recticel's Product Portfolio
Table 97 : Selena FM SA's Product Portfolio
Table 98 : Shandong INOV Polyurethane Co. Ltd.'s Product Portfolio
Table 99 : The Shepherd Chemical Co.'s Product Portfolio
Table 100 : The Vita Group's Product Portfolio
Table 101 : Tosoh Corp.'s Product Portfolio
Table 102 : Townsend Chemicals' Product Portfolio
Table 103 : Urethane Innovators' Product Portfolio
Table 104 : VCM Polyurethanes' Product Portfolio
Table 105 : Wanhua Chemical's Product Portfolio
Table 106 : Woodbridge's Product Portfolio
Table 107 : Zhejiang Hengtai's Product Portfolio
Table 108 : Acronyms Used in This Report
Table 109 : Report Sources
List of Figures
Summary Figure : Global Market Shares of Polyurethanes, by Region, 2020
Figure 1 : Trends in Global Crude Oil Prices, 2015-2020
Figure 2 : Polyurethane Value Chain Analysis
Figure 3 : Global Market Shares of Polyurethanes, by End Use, 2020
Figure 4 : Global Market Shares of Polyurethanes for Furniture and Bedding, by Region, 2020
Figure 5 : Global Automotive Sales, by Region, 2017-2019
Figure 6 : Global Market Shares of Polyurethanes in the Automobile Industry, by Region, 2020
Figure 7 : Global Market Shares of Polyurethanes in the Building and Construction Industry, by Region, 2020
Figure 8 : Global Market Shares of Polyurethanes in the Electricals and Electronics Industry, by Region, 2020
Figure 9 : Global Market Shares of Polyurethanes in the Footwear Industry, by Region, 2020
Figure 10 : Global Market Shares of Polyurethanes in Other End Uses, by Region, 2020
Figure 11 : Global Market Shares of Polyurethanes, by Application, 2020
Figure 12 : Global Market Shares of Polyurethanes for Flexible Foam Applications, by Region, 2020
Figure 13 : Global Market Shares of Polyurethanes in Rigid Foam Applications, by Region, 2020
Figure 14 : Global Market Shares of Polyurethanes for Elastomer Applications, by Region, 2020
Figure 15 : Global Market Shares of Polyurethanes for Adhesive and Sealant Applications, by Region, 2020
Figure 16 : Global Market Shares of Polyurethanes for Coating Applications, by Region, 2020
Figure 17 : Global Market Shares of Polyurethanes for Other Applications, by Region, 2020
Figure 18 : Global Market Shares of Polyurethanes, by Type, 2020
Figure 19 : Global Market Shares of Thermosetting Polyurethane, by Region, 2020
Figure 20 : Global Market Shares of Thermoplastic Polyurethane, by Region, 2020
Figure 21 : Global Market Shares of Polyurethanes, by Region, 2020
Figure 22 : North American Market Shares of Polyurethane, by End Use, 2020
Figure 23 : U.S. Market for Polyurethane, 2020-2026
Figure 24 : Canadian Market for Polyurethane, 2020-2026
Figure 25 : Global Market Shares of Polyurethanes, by Material, 2020
Figure 26 : Global Market Shares of Toluene Diisocyanate Polyurethanes, by Region, 2020
Figure 27 : Global Market Shares of Methylene Diphenyl Diisocyanate Polyurethanes, by Region, 2020
Figure 28 : Global Market Shares of Polyols Polyurethanes, by Region, 2020
Figure 29 : Global Market Shares of Polyurethanes Based on Other Types of Materials, by Region, 2020
Figure 30 : Global Company Market Shares, 2020
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