Overview
The global polyurethane market is projected to be worth USD 101.29 Billion by 2030, registering a CAGR of 5.11% during the forecast period (2021 - 2030). As per polyurethane market analysts, the global market is anticipated to witness growth owing to the factors such as extensive application range in various consumer goods as well as adoption of advanced technologies for production. However, the polyurethane market will face challenges and restraints due to mounting environmental concerns and threat from acid-epoxy coatings during the forecast period 2021to 2030.
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Accelerated growth and demand from refrigeration applications in the polyurethane market is set to play a key role in determining the growth potential during 2021 to 2030 years. Analysts have also studied the polyurethane market to understand potential threats and challenges the polyurethane market companies could face. Although the polyurethane market is poised to grow at a fast pace across products and end-users segments, factors such as instability in crude oil prices could slow down the polyurethane market's growth worldwide.
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Market Segmentation
The polyurethane market has been segmented into products and end-users. Based on the segment which is products, the market is categorized on the basis of adhesives sealants, coatings, elastomers, flexible foam, rigid foam, and others. The global market for polyurethane is further segmented based on end-users into automotive, construction, electronics appliances, footwear, furniture, packaging, and others.
The global polyurethane market growth research report covers all the aspects of the polyurethane market based on the segmental analysis of these products and end-users segments. Analysts have also studied the global polyurethane market's regional markets spread across many continents and countries. The products and end-users segments along with their sub-segments have been analyzed and companies functioning in the polyurethane market across these segments are profiled and analyzed based on input and feedback from polyurethane market based decision makers as well as primary and secondary sources. The polyurethane market research report presents analysis based information for companies functioning in the polyurethane market.
Regional Overview
Increasing use of acid-epoxy coatings may hinder the polyurethane market. The market research report suggests that companies in the polyurethane market could be supported by polyurethane’s versatility and physical properties as well as surging demand for low VOC during the forecast period. The polyurethane market is set to register growth at a high CAGR owing to these key factors. The polyurethane market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global polyurethane market research report reveals that APAC, North America, and Europe regional polyurethane markets will dominate the global market for polyurethane during the forecast period 2021 to 2030. As per polyurethane market analysts, the market is set to witness tremendous growth across eco-friendly products and textiles, food, and apparel segments in North America which covers polyurethane markets across the United States, Canada, Mexico and several other regional markets. Companies active in the polyurethane market are also analyzed and studied in the polyurethane market research report.
The polyurethane price trend for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the polyurethane market research report covers the Asia-Pacific region covering polyurethane markets from India, China, Japan, Australia, and others. The polyurethane market is also spread across the rest of the world. The polyurethane market report covers all such regions including the Middle East, Africa, Brazil, and others.
Competitive Landscape
Polyurethane has seen increased demand over the years, due to demand for bio-based materials and the growing number of government initiatives. Companies functioning in the global polyurethane market are also being challenged due to unstable crude oil prices and lack of skilled workforce across manufacturing units. Mergers and acquisitions by polyurethane market companies are anticipated to help the market during the forecast period 2016 to 2022. As the polyurethane market is set to register a high CAGR of 6.51% and is also anticipated to reach a US$81,700.6 million by 2022, the report highlights key areas companies need to focus on. The report suggests that the polyurethane market will see a healthy growth in the long run till 2022. Based on SWOT analysis and polyurethane market’s analysis based on Porters’ Five Force Model presented in the polyurethane market report. Mergers and acquisitions by polyurethane market companies are anticipated to help the market during the forecast period 2021 to 2030.
Industry News
Pearl Polyurethane Systems, a company of performance material and its parent organization Pearl Overseas Industries, is expanding its growth. It has signed a contract with Pearl Covester Polyurethane Systems to buy the remaining 51 percent stake. The 100% ownerschaft of Pearl Industries is acquired by its former joint venturers partner Covestro AG, who acquires an additional shareholding. The recently independent company Pearl Polyurethane Systems LLC, led by former Bavarian Managing Director Martin Kruczinna and responsible for the position of CEO, has been rebranded.
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