Polyurethane Market worth 56.76 Billion USD by 2021

1. MarketsandMarkets Presents Polyurethane Market worth 56.76 Billion USD - Global Forecast to 2021 https://www.marketsandmarkets.com/Market-Reports/polyurethane-market-151784541.html

2. The report "Polyurethane Market by Raw Material (MDI, TDI, Polyols), Product (Coatings, Adhesives & Sealants, Flexible & Rigid Foams, Elastomers), End User (Building & Construction, Automotive & Transportation, Bedding & Furniture) - Global Forecast to 2021", The global polyurethane market was valued at USD 41.83 Billion in 2015 and is projected to reach USD 56.76 Billion by 2021, at a CAGR of 5.6% from 2016 to 2021. The market is driven by the increasing trend in manufacturing light weight & low carbon emitting vehicles and the improved living standards. Browse 114 market data tables and 52 figures spread through 183 pages and in-depth TOC on “Polyurethane Market” The growing trends in the demand for light weight and low carbon emitting vehicles, higher living standards of populations, and the use of PU rigid foam for use in insulation for white goods are the major drivers of the Polyurethane Market. The increasing usage of polyurethane in bedding & furniture, building and construction, and automotive & transportation owing to its excellent high abrasion resistance, good low temperature capability, ambient curing, high wear & tear resistance, low cost as compared to other materials, and other mechanical properties, is projected to drive the global polyurethane market. Download PDF Brochure of the Report: Click Here

3. The polyurethane market is mainly segmented on the basis of raw material type, product type, end–user, and region. The raw material type segment is further classified into Toluene Diisocyanate (TDI), MethyleneDiphenylDiisocyanate (MDI), polyols and others. The others include, HexamethyleneDiisocyanate (HDI), IsophoroneDiisocyanate (IPDI), bio-based polyols, and graft polyols. Polyols are the fastest-growing segment in the polyurethane raw material type market. • Rigid foam is projected to be the fastest-growing application segment in the polyurethane market, from 2016 to 2021. The use of polyurethane in rigid foam provides numerous advantages towards insulation in buildings, and white goods. The growing automotive & transportation sector is also leading to a high growth in the demand for the application of polyurethane in buses, trucks, railways, and aerospace. • Target Audience: • Manufacturers of Polyurethane • Traders, Distributors, and Suppliers of Polyurethane • Government and Regional Agencies and Research Organizations • Investment Research Firms • Request for Sample: Click Here

4. Scope of the Report: • Basis of Raw Material: • MethyleneDiphenylDiisocyanate(MDI) • TouleneDiisocyanate(TDI) • Polyols • Basis of Product: • Flexible foams • Rigid Foams • Coatings • Adhesives & Sealants • Elastomers • Basis of End-User: • Building & Construction • Automotive & Transportation • Bedding & Furniture • Footwear • Appliances & White Goods

5. Industry Leaders: The global polyurethane market is led by the leading players such as, Covestro AG (Germany), BASF SE (Germany), The Dow Chemical Company (U.S.), Wanhua Chemical Group Co. Ltd. (China), Huntsman Corporation (U.S.). Geographical Scenario: The Asia-Pacific region is projected to witness the highest growth rate, in terms of both, volume and value, during the forecast period, followed by the Middle East & Africa. The market in this region is experiencing an increased demand for polyurethane from the automotive & transportation, and building & construction industries.Inthe Asia-Pacific region, India is estimated to be the fastest-growing polyurethane market during the forecast period. The major growth is accounted for by the building & construction segment due to an improvement in the living standards of populations, smart cities projects which lead to the development of malls, high-rise buildings, airports, and so on. Strategies Adopted: Key players have adopted various strategies to expand their global presence and increase their market shares. New product launches, expansions, collaborations, partnerships, agreements, joint ventures, and acquisitions are some of the strategies adopted by these players to achieve growth in the market.

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