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Market Overview of Global Polyurethane Case market:
According to our latest research, the global Polyurethane Case market looks promising in the next 5 years. As of 2022, the global Polyurethane Case market was estimated at USD 25493.0 million, and it's anticipated to reach USD 37000.44 million in 2028, with a CAGR of 6.41% during the forecast years.
Polyurethane refers to a type of polymer with characteristic units of urethane in the main chain. This polymer material is widely used in industrial fields such as adhesives, coatings, low-speed tires, gaskets, and car mats. In the field of daily life, polyurethane is used to make various foams and plastic sponges. The uses of polyurethanes in the coatings, adhesives, sealants and elastomers (CASE) market offer a broad and growing spectrum of applications and benefits. Polyurethane coatings can enhance a product's appearance and lengthen its lifespan. Polyurethane adhesives can provide strong bonding advantages, while polyurethane sealants provide tighter seals. Polyurethane elastomers can be molded into almost any shape, are lighter than metal, offer superior stress recovery and can be resistant to many environmental factors.
Spray Polyurethane Foam Alliance encouraging SPF contractors to focus on professional development during COVID-19 outbreak
The Spray Polyurethane Foam Alliance (SPFA), the educational and technical resource to the spray polyurethane foam (SPF) industry, is encouraging members of the SPF community to participate in professional development activities during any downtime resulting from the COVID-19 outbreak in the United States. For a limited time, the alliance is offering Exam Preparatory Courses of its Professional Certification Program (PCP) free to SPFA Members and companies with employees enrolled in PCP. Those who don't fall into either category may enroll in the PCP and get full access to all courses as they are released. All courses are offered in an online format for easy, safe remote access.
"The Coronavirus pandemic has slowed the jobsites of many of our members, particularly in regions where construction has not been categorized as essential business," said Kurt Riesenberg, executive director of the SPFA. "While unfortunate on many levels, the virus provides a unique opportunity for our professionals to enhance their marketability and reputation for best practices through certification while they have the time to do so."
Insufficient demand, reduced labor or government decision-making and shortages in the supply chain
Due to insufficient demand, reduced labor or government decision-making, by mid-March 2020, the production of flexible polyurethane foam in Europe has rapidly weakened. At the end of March, all European foam factories producing for the automotive industry were closed. Foam factories in southern Europe, which mainly supply bedding and furniture industries, have been basically closed, and foam production in other regions has been substantially reduced. Online sales of goods or hospital mattresses are still the biggest demand, but it is far from making up for all other production losses. However, due to shortages in the supply chain, the production flow was also blocked. Due to border closures, reduced labor supply and stricter controls on border crossings, these disturbances are expected to intensify in the future, leading to delays in delivery.
Strength
Downstream industry demand continues to grow steadily.
National industrial policy support.
Improve industrial innovation mechanism and enhance product competitiveness.
Intellectual property protection is increasingly valued.
Many products made from polyurethanes support important environmental goals.
Weakness
Short life is a major disadvantage of polyurethane products. Polyurethane has hydroscopic tendencies, i.e. water absorption characteristics. Mattresses made from polyurethane absorb water and gradually disintegrate and lose their quality of support. Polyurethane adhesives and sealants have the same problem.
Polyurethane is flammable, it forms carbon monoxide, hydrogen cyanide and other toxic products on decomposition and combustion.
Polyurethane Uses toxic isocyanates during production process.
Opportunities
Polyurethane may be used in bigger parts like the wings for airplanes in the future.
Widespread adoption of flexible and semi-rigid polyurethane foams that are used with coatings, paints and adhesives in residential and commercial complexes.
Polyurethane products are widely used in traditional fields such as furniture, interiors, home appliances, shoe materials, and packaging. These traditional fields will continue to develop with economic development, and their demand for polyurethane products will continue to expand. With industrial upgrading, industrial structure transformation, the deepening of the concept of "energy saving and emission reduction" and the country's encouragement and guidance on the development of the sports industry, the application of polyurethane products as elastomers and coatings in the construction and railway industries will usher in huge opportunities. The packaging materials will also be widely used unprecedentedly, providing a broad market space for the development of the polyurethane chain extender industry.
Threat
The blowing agents used in manufacturing will have an impact on the material's toxicity.
Substitutes threat such as Linseed Oil, Danish oil, Lacquer and Shellac etc.
The main raw materials of chain extenders are basic chemical products, which are highly susceptible to fluctuations in upstream crude oil prices. In recent years, international crude oil prices have fluctuated frequently, which puts forward higher requirements for inventory management and cost control of enterprises in the industry.
There are certain difficulties in product and material recycling.
Bad effect on human body.
Region Overview:
Geographically, Asia Pacific held the largest market share - 44.39% in 2022.
Company Overview:
Dow Chemical is one of the major players operating in the Polyurethane Case market, holding a share of 14.39% in 2023.
Dow Chemical
The Dow Chemical Company (TDCC) is a leading producer of plastics, chemicals, and hydrocarbons. One of the largest material and chemical companies in the US and the world.
Covestro
Covestro is a world-leading supplier of high-tech polymer materials: innovative, sustainable and diverse.
Segmentation Overview:
Among different product types, Polyurethane Coating segment is anticipated to contribute the largest market share in 2028.
Polyurethane Coating
A polyurethane coating is a polyurethane layer applied to the surface of a substrate for the purpose of protecting it. These coatings help protect substrates from various types of defects such as corrosion, weathering, abrasion and other deteriorating processes.
Polyurethane Adhesive
Polyurethane adhesives, also known as PU adhesives, are adhesives used for higher strength constructions and can be used as both inelastic and permanently elastic adhesives. They are based on polymers, but often contain other components such as various additives. PU adhesives are often used as two-component adhesives.
Polyurethane Sealant
Polyurethane sealants are used in road repair, plumbing, construction and anywhere else a high-strength, water-resistant seal is needed. Polyurethane sealants provide excellent stress recovery to retain shape after being bent or pulled, fast curing rates and even adherence to non-primed concrete.
Polyurethane Elastomers
Polyurethane Elastomers can be many things. They can be strong, stiff, flexible, tough, resilient, durable, long-lasting and they can also be both viscous and elastic. The technical name for a polymer which possesses both properties, viscosity and elasticity, is an elastic polymer, which is commonly shortened to elastomer. Polyurethane Elastomers are known for their extreme resilience and have therefore begun to see use in the manufacture of a number of vehicle and machinery parts. Polyurethane elastomers are often used to produce fenders, fascia, trims, interior and exterior vertical panels, doors, chassis fairings, and window surrounds. They are also frequently seen as a component material in tires and wheels. A manufactured part which contains elastomers is described as elastomeric in nature.
Application Overview:
By application, the Furniture and Interiors segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Polyurethane Case market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Polyurethane Case Market Report:
Market Size Estimates: Polyurethane Case market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Polyurethane Case market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Polyurethane Case market
Segment Market Analysis: Polyurethane Case market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Polyurethane Case market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Polyurethane Case Market: Revenue and sales volume of major countries in each region
Polyurethane Case Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Polyurethane Case market in major regions.
Polyurethane Case Industry Value Chain: Polyurethane Case market raw materials & suppliers, manufacturing process, distributors, downstream customers
Polyurethane Case Industry News, Policies & Regulations
Key players in the global Polyurethane Case market are covered in Chapter 12:
Tosoh Corporation
Dow Chemical
Huntsman Corporation
Covestro
BASF SE (Parent)
Yantai Wanhua Polyurethanes Co. Ltd.
Mitsui Chemicals Inc.
In Chapter 2 and Chapter 15.1, based on types, the Polyurethane Case market from 2018 to 2028 is primarily split into:
Polyurethane Coating
Polyurethane Adhesive
Polyurethane Sealant
Polyurethane Elastomers
In Chapter 3 and Chapter 15.2, based on applications, the Polyurethane Case market from 2018 to 2028 covers:
Industrial
Automotive & Transportation
Footwear
Furniture and Interiors
Construction
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Polyurethane Case market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028