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Polyurethane Market Size, Share, Industry, Forecast and outlook (2023-2030)
Published: 2023 August 17
SKU : MA2
180 pages
Report Summary
Table of Contents
Global Polyurethane Market is segmented By Raw Material (Toluene Diisocyanate, Polyols, Methylene Diphenyl Diisocyanate, Others), By Product Form (Adhesives & Sealants, Coatings, Elastomers, Flexible Foam (polyurethane foam, thermoplastic polyurethane, polyurethane foam market), Rigid Foam), By End User (Automotive & Transportation, Appliances & White Goods, Bedding & Furniture, Building & Construction, Footwear, Packaging), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Polyurethane Market Overview
The global polyurethane market is estimated to reach a market value of USD 67,800.87 million by 2027 and will grow at a CAGR of 5.83% in the period 2023-2030. The market value was USD 45,661.31 million in 2018.
Polyurethane Market Dynamics and Trends
- Growing construction and automobile markets have increased the usage of bio-polyurethane in the construction sector and refrigerators sectors.
- Volatile raw material prices and growing environmental concerns are major factors restraining the growth of the polyurethane foam market.
Polyurethane Market Geographical Share
- The polyurethane market size is segmented based on the product type, raw material, end user, and geography.
- By application, the furniture sector is estimated to have the largest market share of 33.12% in the polyurethane market forecast period.
- It is estimated that the global consumption of polyurethane was 21.31 million metric tons in 2017 with furniture sector accounting for 7 million metric tons.
- By product type, the flexible foam market accounted for the largest market share of 32.38% in 2017 and is estimated to have the highest market value by 2025.
- By geography, the Asia-Pacific region had a major market share of 52.1% in 2016 followed by Europe and North America.
- Large consumption of polyurethane in India, China, and Japan is increasing the demand for polyurethane market.
- China is the second largest producer of polyurethane in 2017.
Polyurethane Market Companies and Competitive Landscape
Some of the major companies in the industry include
- DowDuPont
- BASF
- Huntsman Corp
- Covestro AG
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FAQ’s
What is the Polyurethane Market growth?
The market is growing at a CAGR of 5.83%.
Which is the fastest growing region in the Polyurethane Market?
Among all regions, Asia Pacific is the fastest growing market share during the forecast period.
Who are the key players in Polyurethane Market?
Some of the major companies in the industry include DowDuPont, BASF, Huntsman Corp, Covestro AG
Which region controlled the global market during 2023-2030?
North America region Controls the Polyurethane Market during 2023-2030