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Top Companies of the GCC Polyurethanes Market:

Covestro AG
BASF SE
The Dow Chemical Company
Wanhua Chemical Group Co.,Ltd.
Huntsman International LLC
Crain Communications, Inc.
Baalbaki Chemical Industries
Mitsui Chemicals Inc.
DeltaChem Middle East LLC
HANNECARD Saudi
Drivers of the GCC Polyurethanes Market:

The key factor accelerating the growth of the GCC polyurethanes market includes the unique features provided by it such as versatility and exceptional structural properties, including high abrasion resistance, flexural strength, high tear resistance, good electrical insulating properties, high tensile strength, extreme temperature resistance, and better color stability in outdoor applications. Growing usage of polyurethanes in a wide variety of consumer and industry applications such as household furniture, packaging plastics, shoes, automotive parts, adhesives, electrical potting compounds, coatings, sealants, pipes, water heaters, insulations for tanks, refrigerators, and freezers, among other applications are some factors fuelling the growth and development of the market in the GCC region.

Rising demand for polyurethane in the building and construction sector due to its durability with lower thermal conductivity and ability to resist external impacts is projected to surge the growth of the market. They are widely used in insulating, air-sealing homes and buildings, which help protect the building against severe weather conditions, decrease air leakage, and reduces greenhouse gas emissions, that can minimize utility bills and enhanced indoor air quality. In addition to this, polyurethanes are being increasing used in home furnishings such as bedding, furniture, and carpet underlay.

The growing demand for furniture in the residential and commercial sector, rising construction sector in GCC countries, coupled with major infrastructural projects, including the NEOM city, InterContinental Hotel Project, Orchid Villas Project, DoubleTree Hilton Hotel Project, Al Faisaliah City, Al Noor City, New Jeddah Downtown, Government Housing Plans, Kuwait’s Silk City, and Oman’s Duqm Port, among others are further projected to upsurge the demand of polyurethanes in the region. On the other edge of the spectrum, the variation in raw material costs and availability of alternatives products, including fiberglass and polystyrene foam, are the key factors hindering the growth of the GCC polyurethanes market during the forecast period.

Segmentation of the GCC Polyurethanes Market:

By Raw Material:

Polyol
MDI (Methylene diphenyl Diisocyanate)
TDI (Toluene Diisocyanate)
Others
By Product:

Flexible foam
Rigid foam
Coating
Adhesive & sealants
Elastomers
Others
By End-User:

Building & construction
Automotive & transportation
Bedding & furniture
Footwear
Appliances & white goods
Others
By Countries:

UAE
Saudi Arabia
Oman
Kuwait
Rest of GCC
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