According to a new market report published by Lucintel, the future of the polyurethane market look promising with opportunities in the building and construction, bedding and furniture, automotive and transportation, electrical and electronics, and footwear industries. The Middle Eastern and North African polyurethane market is expected to decline in 2020 due to the global economic recession led by COVID-19. However, the market will witness recovery in the year 2021, and it is expected to reach an estimated $2.3 billion by 2025 with a CAGR of 3%-5% from 2019 to 2025. The major drivers for this market are significant growth in building and houses and increasing penetration of polyurethane in furniture, bedding, and automotive applications.

In this market, polyurethane is used for manufacturing of rigid foam, flexible foam, coating, and elastomers for various end use industries. Lucintel forecasts that flexible foam will remain the largest product type segment by value and volume due to growth in furniture and bedding industry.
Within this market, bedding and furniture will remain the largest end use industry due to growth in residential and commercial construction and changing lifestyle. Saudi Arabia will remain the largest market by value and volume; Saudi Arabia is also expected to witness the highest growth over the forecast period due to growth in residential and commercial construction.
Emerging trends, which have a direct impact on the dynamics of the industry, include the use of bio based polyurethane, increasing demand for low VOC, green, and sustainable polyurethane, and recycling of polyurethane. The Dow Chemical Company, Huntsman, BASF, Kuwait Polyurethane Industry, Covestro, and Wanhua Chemical Group are among the major suppliers of the Middle Eastern and North African polyurethane market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the Middle Eastern and North African polyurethane market by application, product type, and country. Lucintel has prepared a comprehensive research report titled, “Growth Opportunities in the Middle Eastern and North African Polyurethane Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the Middle Eastern and North African polyurethane market by application, product type, and country as follows:

By Application (Value ($M) and Volume (M lbs) shipment analysis for 2014 – 2025):
• Building and Construction
• Bedding and Furniture
• Automotive and Transportation
• Electrical and Electronics
• Footwear
• Others

By Product Type (Value ($M) and Volume (M lbs) shipment analysis for 2014 – 2025):
• Rigid Foam
• Flexible Foam
• Coating
• Elastomers
• Others
By Country (Value ($M) and Volume (M lbs) shipment analysis for 2014 – 2025):
• Saudi Arabia
• UAE
• Iran
• Iraq
• Others

This 137- page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or [email protected]. Lucintel offerings include chemical market research reports, chemical industry analysis report, capital investment analysis, due diligence and strategic growth consulting.

About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
 
This report answers the following 11 key questions:
Q.1 What are some of the most promising, high-growth in Middle Eastern and North African polyurethane market by application (building and construction, bedding and furniture, automotive and transportation, electrical and electronics, footwear, and others), by product type (rigid foam, flexible foam, coating, elastomers, and others), and country (Saudi Arabia, UAE, Iran , Iraq, and others )?
Q.2 Which product segments will grow at a faster pace and why?
Q.3 What are the key factors affecting market dynamics? What are the drivers and challenges in the market?
Q.4 What are the business risks and competitive threats in this market?
Q.5 What are emerging trends in this market and reasons behind them?
Q.6 What are some changing demands of customers in the market?
Q.7 What are the new developments in the market and which companies are leading these developments?
Q.8 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are some of the competitive products in this area and how great a threat do they pose for loss of market share through product substitution?
Q.10 What M&A activities have transpired in the last 5 years in this market and what impact have these had on the industry?