November 22, 2019
According to the latest study titled ‘Global Polyurethane Market: Analysis By Product Type (Rigid Foam, Flexible Foam, Coatings, Adhesives & Sealants, Elastomers), End-Use (Furniture, Construction, Electronics & Appliances, Automotive, Footwear, Packaging), By Region, By Country (2018 Edition): Forecast to 2023’ available at MarketStudyReport.com, the global polyurethane market is estimated to grow with a CAGR of 5.75% through the year 2023.
Polyurethane is a polymer formed by reacting di- or tri-isocyanate with a polyol. It is highly in demand as it is used for lightweight and durable products. Rising demand of furniture is one of the key factors driving the growth of polyurethane market.
The study examines the market for revenue shares of each segment and offers information about the growth patterns. It analyses the competitive landscape of polyurethane market using SWOT analysis and Porter’s Five Force analysis methods. Information about the market dynamics influencing the industry growth is also given in the report. It provides strategic recommendations that can be incorporated by competitors to expand their business footprint.
Based on type, polyurethane market is segmented into flexible foam, elastomers, rigid foam, adhesives & sealants, coatings, and others, wherein rigid foam segment is presumed to grow significantly over the forecast period, owing to increasing number of construction projects across the globe. Speaking of end-user spectrum, the industry is divided into packaging, construction, electronics & appliances, footwear, automotive, furniture, and others.
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Considering the geographical landscape, the global polyurethane market is studied for regions, namely, Europe, North America, APAC, and rest of the world, with key focus on countries like Canada, U.S, Germany, U.K, France, Italy, China, India, and Japan. The report cites that North America polyurethane market registered the largest share in 2017, whereas APAC polyurethane market is presumed to grow substantially in the upcoming years owing to increasing population in tandem with growing number of construction activities.
Some of the vendors that operate in the global polyurethane market are Covestro, BASF, Huntsman, Wanhua, Mitsui Chemicals, and Dow Chemical.
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