Polyurethane Market Size to Reach USD 90,980 Million by 2026 at CAGR 3.5% - Valuates Reports

16 April 2021

The Polyurethane Market is Segmented by Product (Flexible Foam, Rigid Foam, Coatings, Adhesives & Sealants, Elastomers, Others), by Application (Furniture and Interiors, Construction, Electronics and Appliances, Automotive, Footwear, Others). The report covers global opportunity analysis and industry forecast from 2021 to 2026. It is published on Valuates Reports in the Plastics & Polymers Category.

The global Polyurethane market size is projected to reach USD 90,980 Million by 2026, from USD 71,320 Million in 2019, at a CAGR of 3.5% during the forecast period 2021-2026.

Major factors driving the growth of Polyurethane market size are:

  • Various end-user applications of polyurethane, due to easily moldable properties
  • Increase in demand for lightweight and durable goods in the automotive, building, and electronics industries

View Report Details Before Purchasing: https://reports.valuates.com/market-reports/QYRE-Auto-38H1936/global-polyurethane

TRENDS INFLUENCING THE POLYURETHANE (PU) MARKET SIZE

The rapidly expanding furniture industry is expected to drive the polyurethane market size during the forecast period. Due to rapid urbanization and a general shift in the lifestyle of city dwellers, the furniture industry is rapidly expanding. Polyurethane (PUR or PU) is a type of polyurethane that is commonly used in furniture for cushioning and bedding. This will be one of the most prominent polyurethane industry developments, which will be boosted even further by global housing growth.

Furthermore, PU foams are used to make car seats as well as to insulate refrigerators and other electronics. Polyurethane is also becoming more common in construction applications, where it is used in coatings, sealants and adhesives, and elastomers, among other applications. This widespread application of PU in several end-user industries is expected to increase polyurethane market size.

Request a Sample Copy of the Report For Growth & Trends Analysis on Polyurethane Market: https://reports.valuates.com/request/sample/QYRE-Auto-38H1936/Global_Polyurethane_Market

THE POLYURETHANE (PU) MARKET SHARE ANALYSIS

By Product Type, Flexible foam is one of the largest product segments of the polyurethane market, accounting for about 36% market share. Bedding, chairs, vehicle interiors, carpet underlay, and packaging all use flexible polyurethane foam as a cushioning material. Flexible foam can be made in a wide range of shapes and firmness levels. It's lightweight, long-lasting, supportive, and comfortable.

By Application, Furniture and interiors and construction are the most widely used in the refuge chamber market, accounting for a combined about 55% of the market share. Some of the factors driving the segment's growth include increased use in bedding, upholstery, seating, and interior items. In the construction industry, PIR and PUR panels are used. PIR and PUR panels are lightweight, simple to handle and ship (lowering costs even more), and resistant to organic compound corrosion and vermin damage. As a result, they are suitable for all climates and seasons. Sandwich panels with a polyurethane core are one of the most useful building materials, and they are gaining traction in various countries due to their property

By Region, The Asia-Pacific region was the largest polyurethane market in 2018, accounting for about 50% of the global market, compared with about 20% in Europe and 16% in North America. Due to growth in the construction and furniture industries, especially in China, Asia-Pacific is expected to hold a significant share of the market.

Inquire for Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-38H1936/Global_Polyurethane_Market

Top Major Players in the Polyurethane Market

  • Dow
  • BASF
  • Huntsman
  • AkzoNobel
  • Covestro
  • Lubrizol
  • Recticel
  • LANXESS
  • INOAC
  • Tosoh
  • Mitsui Chem
  • Woodbridge Foam
  • Wanhua
  • Shanghai Dongda
  • Oriental Yuhong.

Polyurethane Market Breakdown Data by Type

  • Flexible Foam
  • Rigid Foam
  • Coatings
  • Adhesives & Sealants
  • Elastomers
  • Others.

Flexible foam is one of the largest product segments of the polyurethane market,accounting for about 36% market share.

Polyurethane Market Breakdown Data by Application

  • Furniture and Interiors
  • Construction
  • Electronics and Appliances
  • Automotive
  • Footwear
  • Others

Furniture and interiors and construction are the most widely used in the refuge chamber market, accounting for a combined about 55% of the market share.

Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-38H1936&lic=single-user

Buy Now for Enterprise License + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-38H1936&lic=enterprise-user

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS :

-  Polyurethane Resin Market Report contains segmentation by Type (Solvent Based Polyurethane Resins, Water Based Polyurethane Resins, Other), Application (Transportation, Construction, Others) and Regional Opportunity Analysis and Industry Forecast.

-  The Polyurethane Elastomers market size is projected to reach USD 14280 Million by 2026, from USD 11310 Million in 2019, at a CAGR of 3.3% during 2021-2026.

-  The Thermoplastic Polyurethane Market Report contains segmentation by Type (Polyester, Polyether, Polycaprolactone), Application (Construction, Automobile, Footwear, Medical, Heavy Engineering, Others) and Regional Opportunity Analysis and Industry Forecast.

-  The Global Polyurethane Foam Market size is expected to grow from USD 50,437.19 Million in 2019 to USD 75,363.92 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 6.92%.

-  The global Polyurethane Adhesives market size is projected to reach USD 2561.3 Million by 2026, from USD 1997.7 Million in 2019, at a CAGR of 3.6% during 2021-2026. Asia-Pacific is expected to witness the highest growth rate in the PU adhesives market, in terms of value and volume.

-  The global Polyurethane Composites market size is projected to reach USD 635 Million by 2026, from USD 503 Million in 2019, at a CAGR of 3.3% during 2021-2026.

-  Polyurethane Microspheres Market Report 2021 - The demand for polyurethane microspheres has increased in paint & coating applications owing to their superior thickening properties.

-  The global Polyurethane Additives market size is projected to reach USD 2561.3 Million by 2026, from USD 1997.7 Million in 2019, at a CAGR of 3.6% during 2021-2026. Asia-Pacific region is dominant in the polyurethane additive market. The rising demand for polyurethane additives in this region is mainly driven by its increased use in building & construction industries. Europe is the second-largest consumer of polyurethane additives, globally.

-  Waterborne Polyurethane Market size is valued at USD 8807.1 Million  in 2020 is expected to reach USD 11870 Million by the end of 2026, growing at a CAGR of 5.1% during 2021-2026.

-  The global Microcellular Polyurethane Foam market size is projected to reach USD 5928.3 Million by 2027, from USD 4552.3 Million in 2020, at a CAGR of 4.5% during 2022-2027.

-  The global Bio-Based Polyurethane market was valued at USD 26 Million in 2019 and it is expected to reach USD 42 Million by the end of 2026, growing at a CAGR of 7.1% during 2021-2026.

To see the full list of related reports on the Polyurethane

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources

CONTACT US:

Valuates Reports
[email protected] 
For U.S. Toll-Free Call  +1-(315)-215-3225
For IST Call  +91-8040957137
WhatsApp : +91 9945648335
Website: https://reports.valuates.com 
Follow on Twitter - https://twitter.com/valuatesreports 
Follow on Linkedin - https://in.linkedin.com/company/valuatesreports 
Follow on Facebook - https://www.facebook.com/valuatesreports 

 

Source:prnewswire.com