Increasing Use of Polyurethanes in End-Use Industries Drives the Global Polyurethanes Market

Published: May 2022

The global polyurethane market is anticipated to grow at a considerable CAGR of 6.9% during the forecast period. Polyurethane, in the form of flexible foam, is one of the most popular materials used in home furnishings such as furniture, bedding, and carpet underlay. As a cushioning material for upholstered furniture, flexible polyurethane foam makes furniture more durable, comfortable, and supportive. The flexible polyurethane foam is recyclable, it is recycled by various methods to remove waste streams and recover the value inherent in the material. The automotive industry is continually progressing toward its sustainability targets, as it addresses consumer preferences and emerging regulations governing Vehicle Interior Air Quality emissions from interior components – including national laws in many countries, new international ISO standards, or policies such as the Circular Cars Initiative EU policy action roadmap.

To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/polyurethanes-market 

For instance, in October 2021, Huntsman launched a new range of low-emission MDI-based foam systems for automotive interiors: the ACOUSTIFLEX LE and RUBIFLEX LE polyurethane product lines. These innovative technologies allow global automotive formulators and foam manufacturers to produce high-performance polyurethane foams, while significantly reducing interior emissions levels to meet OEMs’ requirements.

In June 2021, BASF and Shanghai Harvest Insulation Engineering Co., Ltd made a joint development agreement (JDA) to innovate prefabricated cryogenic pipes using Elastopor Cryo, a polyurethane rigid foam system of BASF. In this agreement, BASF will develop and test, and Harvest will design and produce the prefabricated pipes. In 2021, Coverstro Company announced to increase in the production capacity with the introduction of new plants for polyurethane dispersions in the Shanghai site. 

In September 2020, Industrial equipment manufacturer, WEG developed polyurethane W-THANE APA 501 anti-viral coatings for medical applications. This product was strategically launched amid the COVID-19 outbreak to improve the hygiene & safety of industries that WEG serves. These coatings were launched in diversified colors and claim to inactivate 99.9% coronavirus within minutes of contact.

In December 2020, Sika, the global manufacturer of adhesives and sealants for the building sector and automotive industry industrialized a new polyurethane technology and launched into the market under the Purform brand. This innovation brings important benefits for customers: the products have an improved performance profile, are even more enduring, and have a strong sustainability profile.

Market Coverage

  • The market number available for – 2021-2028
  • Base year- 2021
  • Forecast period- 2022-2028

Segment Covered- 

  • By Raw Material
  • By Application
  • By End-User

Regions Covered-

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Competitive Landscape- including BASF SE, The Dow Chemical Co., Covestro AG, Huntsman, Yantai Wanhua Polyurethanes Co., Ltd., and others.

Browse the full report description “Global Polyurethanes Market Size, Share & Trends Analysis Report by Raw Material (Toluene Diisocyanate, Methylene Diphenyl Diisocyanate, And Polyols), by Application (Flexible Foam, Rigid Foam, Snuff Coatings, Sealants, Adhesives, Elastomer, and Others), and by End-User (Automobile, Construction Material, Footwear, Furniture and Bedding, Electronics, and Others) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/polyurethanes-market


Key questions addressed by the report

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • How has COVID-19 impacted the market?

oDeviation from the pre-COVID-19 forecast

oMost affected region and segment

  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global Polyurethanes Market Report Segment

By Raw Material

  • Toluene Diisocyanate
  • Methylene Diphenyl Diisocyanate
  • Polyols

By Application

  • Flexible Foam
  • Rigid Foam
  • Snuff Coatings
  • Sealants
  • Adhesives
  • Elastomer
  • Other 

By End-User

  • Automobile 
  • Construction Material
  • Footwear
  • Furniture And Bedding
  • Electronics
  • Other

Global Polyurethanes Market Report Segment by Region

North America

  • US
  • Canada

Europe

  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe 

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific 

Rest of the World

  • Latin America 
  • Middle East & Africa