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11 Jan, 2022, 14:15 GMT
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The factors such as increasing demand for light-weight, high performance, and durable Products in the automotive, electronics, and construction industries are expected to boost the market growth.
JERSEY CITY, N.J., Jan. 11, 2022 /PRNewswire/ — Verified Market Research recently published a report, "Polyurethane Market" By Product (Coatings, Adhesives And Sealants, Flexible Foam, Rigid Foam, Elastomers), By Application (Construction, Automotive, Furniture), and By Geography. According to Verified Market Research, the Global Polyurethane Market size was valued at USD 66.37 Billion in 2020 and is projected to reach USD 119.08 Billion by 2028, growing at a CAGR of 6.72% from 2021 to 2028.
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Browse in-depth TOC on "Polyurethane Market"
202 – Pages
126 – Tables
37 – Figures
Global Polyurethane Market Overview
The factors such as increasing demand for light-weight, high performance, and durable products in the automotive, electronics, and construction industries are expected to boom the market growth. The MDI and TDI can be mixed with polyols in various types of methods to form rigid, semi-rigid, flexible, hard, and soft polyurethane. It is characterized by an ability to mold in the various forms that make it capable of the wide variety of end-use industries. In order to enhance the efficiency of fuel in the vehicles, the manufacturers are shifting the focus towards the plastics in automotive components, such as exterior panels, instrument panels, engine cabins, and automotive interiors. The change in demand, coupled with growing automotive production, is expected to further fuel the demand.
In addition, the increasing application of the material in the building and construction industry with the variety of commercial, household, and industrial applications is fueling the market growth. With the increasing building codes that promote the use of energy-efficient structures, home builders and consumers that builds strategies and deliver strong performance and eco-friendly solutions for the long run. Moreover, an upsurge in the use of innovative production technologies for polyurethane with advanced characteristics is expected to have a positive impact on market growth.
The major players in the market are BASF SE, Mitsui Chemicals, Inc., Covestro, Huntsman Corp., The Dow Chemical Company, Eastman Chemical Co., Recticel S.A., Mitsubishi Chemical Corp., Woodbridge Foam Corp., and Nippon PU Industry Corp. Ltd.
Verified Market Research has segmented the Global Polyurethane Market On the basis of Product, Application, and Geography.
Browse Related Reports:
Polyurethane Foam Market By Density Composition (Low-Density Polyurethane Foams, High-Density Polyurethane Foams), By Type (Flexible Foams, Rigid Foams, Spray Foams), By End-User (Electronics, Automotive, Packaging), By Geography, Forecast, 2021-2028
Construction Adhesives Market By Technology (Waterborne Technology, Reactive Technology, Solvent-borne Technology), By Resin Type (Acrylic Adhesive, Polyurethane (PU), Polyvinyl Acetate (PVA), Epoxy), By End-Use Sector (Residential, Non-Residential, Infrastructure), By Geography, Forecast, 2021-2028
Microcellular Polyurethane Foam Market By Product (Low-Density Foam and High-Density Foam), By Application (Automotive, Building & Construction, Electronics), By Geography, Forecast, 2021-2028
Polyurethane Dispersions Market By Type (Low Solvent, Solvent-free), By Application (Paints & Coatings, Adhesive & Sealants, Fiber Finishing), By Geography, Forecast, 2021-2028
Top Rigid Plastic Packaging Companies strictly adhering to international 3Rs initiative
Visualize Polyurethane Market using Verified Market Intelligence:-:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SME’s offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
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