The global polyurethane market is projected to reach USD 56.76 Billion by 2021, at a CAGR of 5.6% from 2016 to 2021. The growing urbanization and improvements in living standards of populations, and increase in the usage of polyurethane in the construction industry, its strong adherence ability, its exceptional mechanical & insulating properties, and chemical & heat resistance are driving the market for polyurethane. The use of PU in the footwear industry in the last few years has made it a worthy replacement to materials such as, Polyvinyl Chloride (PVC) and Ethylene Vinyl Acetate (EVA) because of the ease of processing and designing.

Browse 114 market data tables and 52 figures spread through 183 pages and in-depth TOC on “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”

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Bedding & Furniture: Largest End-User of the Polyurethane Market

In 2015, the bedding & furniture end-use industry accounted for the largest market share in terms of volume, followed by the building and construction, appliances & white goods and automotive & transportation end-users. The major flexible foam consumers are the bedding & furniture end-users. The growing urbanization and the improved living standards of the populations, increasing usage of low cost material in the insulation of buildings, and white goods drives the polyurethane market.

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Rigid Foam: The Fastest-growing Product Type Segment of the Polyurethane Market

Rigid foam products based on polyurethane systems are estimated to grow at the highest CAGR from 2016 to 2021, in terms of volume. The excellent properties of rigid foam products such as, easy availability, low cost, recyclability, and easy to use, are driving the demand for this segment.

Asia-Pacific: The Largest Market for Polyurethane

The Asia-Pacific region leads the polyurethane market, in terms of value & volume, owing to the increased population and rising demand for residential buildings, along with the improved lifestyles. The growth in the auto industry also looks promising, with several new OEM’s setting shop in the country. India is also becoming active in exports mainly of small cars.

The rising demand for high-quality polyurethane products with superior prolonged chemical and heat resistance properties and good insulating characteristics has triggered the demand for polyurethane. Elastomer products are contributing to the growing demand for polyurethane in the Asia-Pacific region.

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Covestro AG (Germany), BASF SE (Germany), The Dow Chemical Company (U.S.), Wanhua Chemical Group Co. Ltd. (China), and Huntsman Corporation (U.S.) are the key players in the polyurethane market.

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