Global Polyurethane (PU) Market, Size, Share, Outlook, Growth Opportunities & Forecast to 2026
The Global Polyurethane Market Size is set to hit USD 87,635.8 million by 2026, exhibiting a CAGR of 6.0% during the forecast period 2019 to 2026
According to the new Fortune Business Insights™ report, titled “Polyurethane Market Size, Share & Industry Analysis, By Product Type (Rigid Foam, Flexible Foam, Molded Foam, Elastomers, Adhesives & Sealants, Coatings, and Others), By Application (Furniture, Construction, Electronics, Automotive & Transportation, Packaging, Footwear, and Others), and Regional Forecast, 2019-2026”.
Increasing demand for furniture from urban areas will be one of the key growth drivers of this market. The furniture industry is rapidly expanding owing to speedy urbanization and a general change in the lifestyle of people living in cities. Polyurethane (PUR or PU) is widely utilized in furniture applications, primarily for cushioning and bedding purposes. This will be one of the most prominent Polyurethane Market trends, which will get further augmented by the housing development activities across the world. Moreover, the construction of commercial spaces will also play an important in fueling the demand for PU, which will augur well for the PUR market during the forecast period.
In addition to this, the report provides the following information:
- A thorough evaluation of the industry trends that will influence the overall development of the market;
- Detailed research into how various drivers and factors will shape the future of this market; and
- An exhaustive analysis of the competitive dynamics and regional aspects within the market.
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List of Best Players Covered in the Polyurethane Market Report by Fortune Business Insights™:
- BASF
- The Dow Chemical Company
- Covestro AG
- Yantai Wanhua Polyurethanes Co., Ltd.
- Nitto Denko Corporation
- Huntsman
- Foamcraft, Inc.
- Mitsui Chemicals & SKC Polyurethanes Inc.
- Foampartner Group
- Lanxess
- Eurofoam Group
- Inoac Corporation
- Rogers Corporation
- Recticel
- Future Foam, Inc.
- Tosoh Corporation
- Armacell
- Fxi-Foamex Innovations
- Compagnie De Saint-Gobain S.A.
- Other Key Players
Valuable Properties of PU to Spike Its Adoption in Different Industries
Polyurethane is a type of polymer formed as a result of the reaction between polyols and isocyanate. The Polyurethane Market research highlights the highly useful properties including hardness, electrical insulation, flexibility, resistance to abrasion, and ruggedness under inhospitable weather conditions. The polymer is also available in the form of foams, elastomers, fibers, and surface coatings. These qualities have made PUR a highly demanded commodity across the industrial spectrum.
For instance, this polymer is widely applied in automobiles as it can be converted into foam. In construction, PU is extensively utilized in sealants, adhesives, and coatings. Since these are thriving industries, demand for polyurethane is likely to climb and accelerate the Polyurethane Market growth in the forecast period.
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