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Polyurethane Global Market Report 2020

Region:Global

Author(s):

Product Code:7314

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Published on

February 2020

Total pages

200

Table of Content

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About the Report

About the Report

The polyurethane market consists of the sales of polyurethane and related services which are used in foams as an insulation material, coatings, adhesives and sealants and an elastomer. Polyurethane refers to form of plastic polymer material which is used to produce modern, versatile and safe consumer and industrial products that are environmental friendly. Polyurethane is formed by reacting a polyol (an alcohol with more than two reactive hydroxyl groups per molecule) with a diisocyanate or a polymeric isocyanate in the presence of suitable catalysts and additives. They are also widely used in medical devices such as pacemakers, artificial hearts, and other blood contacting applications.
 
The global polyurethane market was worth USD 95.13 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 12% and reach USD 149.91 billion by 2023.
 
The polyurethane market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. The polyurethane market in Asia Pacific is forecasted to register the highest CAGR during 2019-2022.
 
The polyurethane market ocvered in this report is segmented by product type into coatings, adhesives and sealants, flexible and rigid foams, elastomers, others and by end use industry into furniture, construction, electronics & appliances, automotive, footwear, others.
 
Adoption of polyurethane in home furnishings is driving the polyurethane market. Furniture manufacturing companies are enhancing comfort, durability, health and safety by using flexible polyurethane foam (FPF) as a cushioning material for upholstered furniture, bedding and carpet underlay. Furthermore, with the introduction of advanced manufacturing process, polyurethane form provides more uniform, predictable and durable end products. For instance, according to American Chemistry Council, it is proven that FPF when compressed by 90% for 22 hours, could recover more than 90% of its original height, which is highly durable than any other form furniture material. Moreover, completely cured polyurethane products are considered to be inert and safe and was concurred by the U.S. EPA (Environmental Protection Agency). The durability, comfort and safety provided by polyurethane continue to be the major reasons for use in the furniture industry, thereby, driving the demand of polyurethane industry going forward.
 
Polyurethane providers globally faced uncertain environment regulatory in the historic period. These regulations are to reduce emission of toxic air pollutants from the flexible polyurethane foam industry, and mandates the installation of add-on control equipment at manufacturers site. For instance, the Environmental Protection Agency (EPA) issued a regulation to reduce emission of the toxic air pollutant methylene chloride from the flexible polyurethane foam market. All the polyurethane manufacturers have to comply with this regulation and eliminate the use of methylene chloride for the production of molded foam and rebond foam. Therefore, uncertain government regulations towards environment protection restrains the growth of the polyurethane market.
 
Demand for sustainable products from construction, automotive and footwear industry are witnessing a rising demand for the manufacturing of bio-based polyurethane (PU) with rising awareness in environmental concerns worldwide. Bio-based polyurethane (PU) are derived from biodegradable materials constituting a rich source of precursors for the synthesis of polyols and isocynates. These chemicala are readily availability at lower cost with less environmental impact, and are highly biodegradable. In addition, with increasing commercialization and growing demand for flexible foam for car seats, headrests from major automotive OEMs, polyurethane manufacturers have shifted focus towards developing sustainable and environment friendly products of renewable materials, will drive the use of bio-based polyurethane products in various industries including construction, automotive, coating and footwear. In 2018, the German Federal Ministry of Food and Agriculture (BMEL) invested in a project "PULaCell", which focused on stronger construction of timber and other solid wood construction materials, with bio-based polyurethane.
 
In November 2018, Covestro, a German-based polymer company, accelerated the expansion of its thermoplastic polyurethanes (TPU) business by raising its stake in the joint venture DIC Covestro Polymer Ltd. (DCP) from 50% to 80%. Both the parties agreed to not disclose any financial details of the transaction. Closing of the deal is planned for early second quarter 2019, subject to the approval from the relevant authorities. The investment is part of Covestro's expansion of its global TPU business. DIC Covestro Polymer Ltd. is a Japan-based supplier of thermoplastic polyurethanes.
 
Major players in the market are The Dow Chemical Company, BASF SE, Covestro, Huntsman Corp., Eastman Chemical Co., Mitsui Chemicals, Inc., DIC Corp, Nippon Polyurethane Industry Corp Ltd., Recticel S.A., Woodbridge Foam Corp.

Products

Products

1) By Product Type: Coatings; Adhesives and sealants; Flexible and rigid foams; Elastomers; Others; 2) By End Use Industry: Furniture; Construction; Electronics & Appliances; Automotive; Footwear; Others


Companies

The Dow Chemical Company

BASF SE

Covestro

Huntsman Corp.

Eastman Chemical Co.

Mitsui Chemicals, Inc.

DIC Corp

Nippon Polyurethane Industry Corp Ltd.

Recticel S.A.

Woodbridge Foam Corp.

RTP Company

LANXESS

Lubrizol Corp.

Tosoh Corporation

DowDuPont

Perstorp

Manali Petrochemicals Ltd.

Wanhua Chemical Group Co., Ltd.

Eastman Chemical Co

Nippon PU Industry Corp

Recticel S.A

Rampf Holding GmbH & Co. KG

Foamex Innovations (U.S)

Kuwait Polyurethane Industries W.L.L

Recticel s.a./n.v.

Rogers Corporation

Sheela Foam Ltd.

INOAC Corporation

Table of Contents

Table of Contents

1. Executive Summary

2. Polyurethane Market Characteristics

3. Polyurethane Market Size And Growth

3.1. Global Polyurethane Historic Market, 2015-2019, USD Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Polyurethane Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Polyurethane Market Segmentation

4.1. Global Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Coatings

Adhesives and sealants

Flexible and rigid foams

Elastomers

Others

4.2. Global Polyurethane Market, Segmentation By End Use Industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Furniture

Construction

Electronics & Appliances

Automotive

Footwear

Others

5. Polyurethane Market Regional And Country Analysis

5.1. Global Polyurethane Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

5.2. Global Polyurethane Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

6. Asia-Pacific Polyurethane Market

6.1. Asia-Pacific Polyurethane Market Overview

6.2. Asia-Pacific Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

7. China Polyurethane Market

7.1. China Polyurethane Market Overview

7.2. China Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion

8. India Polyurethane Market

8.1. India Polyurethane Market Overview

8.2. India Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

9. Japan Polyurethane Market

9.1. Japan Polyurethane Market Overview

9.2. Japan Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

10. Australia Polyurethane Market

10.1. Australia Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

11. Indonesia Polyurethane Market

11.1. Indonesia Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

12. South Korea Polyurethane Market

12.1. South Korea Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

13. Western Europe Polyurethane Market

13.1. Western Europe Polyurethane Market Overview

13.2. Western Europe Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

14. UK Polyurethane Market

14.1. UK Polyurethane Market Overview

14.2. UK Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

15. Germany Polyurethane Market

15.1. Germany Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

16. France Polyurethane Market

16.3. France Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

17. Eastern Europe Polyurethane Market

17.1. Eastern Europe Polyurethane Market Overview

17.2. Eastern Europe Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

18. Russia Polyurethane Market

18.1. Russia Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

19. North America Polyurethane Market

19.1. North America Polyurethane Market Overview

19.2. North America Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

20. USA Polyurethane Market

20.1. USA Polyurethane Market Overview

20.2. USA Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

21. South America Polyurethane Market

21.1. South America Polyurethane Market Overview

21.2. South America Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

22. Brazil Polyurethane Market

22.1. Brazil Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

23. Middle East Polyurethane Market

23.1. Middle East Polyurethane Market Overview

23.2. Middle East Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

24. Africa Polyurethane Market

24.1. Africa Polyurethane Market Overview

24.2. Africa Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

25. Polyurethane Market Competitive Landscape And Company Profiles

25.1. Polyurethane Market Competitive Landscape

25.2. Polyurethane Market Company Profiles

25.2.1. The Dow Chemical Company

25.2.1.1. Overview

25.2.1.2. Products and Services

25.2.1.3. Strategy

25.2.1.4. Financial Performance

25.2.2. BASF SE

25.2.2.1. Overview

25.2.2.2. Products and Services

25.2.2.3. Strategy

25.2.2.4. Financial Performance

25.2.3. Covestro

25.2.3.1. Overview

25.2.3.2. Products and Services

25.2.3.3. Strategy

25.2.3.4. Financial Performance

25.2.4. Huntsman Corp.

25.2.4.1. Overview

25.2.4.2. Products and Services

25.2.4.3. Strategy

25.2.4.4. Financial Performance

25.2.5. Eastman Chemical Co.

25.2.5.1. Overview

25.2.5.2. Products and Services

25.2.5.3. Strategy

25.2.5.4. Financial Performance

26. Key Mergers And Acquisitions In The Polyurethane Market

27. Polyurethane Market Trends And Strategies

28. Polyurethane Market Future Outlook and Potential Analysis

29. Appendix

29.1. Abbreviations

29.2. Currencies

29.3. Research Inquiries

29.4. The Business Research Company

29.5. Copyright And Disclaimer

 


List of Figure

Figure 1: Global Historic Market Growth, 2015-2019, USD Billion

Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 3: Global Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 4: Global Polyurethane Market, Segmentation By End Use Industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 5: Global Polyurethane Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 6: Global Polyurethane Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 7: Asia-Pacific, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 8: China, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 9: India, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 10: Japan, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 11: Australia, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 12: Indonesia, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 13: South Korea, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 14: Western Europe, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 15: UK, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 16: Germany, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 17: France, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 18: Eastern Europe, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 19: Russia, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 20: North America, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 21: USA, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 22: South America, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 23: Brazil, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 24: Middle East, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 25: Africa, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 26: The Dow Chemical Company Financial Performance

Figure 27: BASF SE Financial Performance

Figure 28: Covestro Financial Performance

Figure 29: Huntsman Corp. Financial Performance

Figure 30: Eastman Chemical Co. Financial Performance


List of Table

Table 1: Global Historic Market Growth, 2015-2019, USD Billion

Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 3: Global Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 4: Global Polyurethane Market, Segmentation By End Use Industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 5: Global Polyurethane Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 6: Global Polyurethane Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 7: Asia-Pacific, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 8: China, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 9: India, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 10: Japan, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 11: Australia, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 12: Indonesia, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 13: South Korea, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 14: Western Europe, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 15: UK, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 16: Germany, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 17: France, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 18: Eastern Europe, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 19: Russia, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 20: North America, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 21: USA, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 22: South America, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 23: Brazil, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 24: Middle East, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 25: Africa, Polyurethane Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 26: The Dow Chemical Company Financial Performance

Table 27: BASF SE Financial Performance

Table 28: Covestro Financial Performance

Table 29: Huntsman Corp. Financial Performance

Table 30: Eastman Chemical Co. Financial Performance

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