Polyurethane Panel Market Share | Industry Growth 2026 Report
As per the trusted estimates, the global polyurethane panel market is estimated to witness robust CAGR through the year 2026. Extensive use of polyurethane panels across an array of applications such as automotive, electronic, building & construction, and furniture is the key parameter driving the business scenario. The product boasts of properties like tear and abrasion resistance along with high load bearing capacity. They are lightweight as well as durable, making them ideal for light automobile manufacturing. They help in reducing the weight of vehicles, thereby improving the automobile fuel efficiency, which in turn is fostering the demand for polyurethane panels across the globe.
Polyurethane panels are used in various electronic appliances like freezers and refrigerators. Owing to their thermal and electrical insulation properties, these panels are widely utilized across commercial and residential buildings to improve energy savings. They are easy to install, moisture resistant, and strong, hence ensuring low maintenance and long lifespan of buildings. Rising government focus towards reducing carbon footprint and increasing adoption of green building trend are stimulating the global polyurethane panel market growth.
However, strict federal policies pertaining to toxic gas emissions and fluctuating raw material prices are slated to impede the global polyurethane panel industry outlook. The raw material used for polyurethane production are phosgene, toluene, and benzene among others. High crude oil cost along with the pollution associated with them is hampering the market expansion.
Based on the product type, the global polyurethane panel market is split into less than 75mm thickness and more than 75mm thickness. The latter segment is anticipated to register decent revenue gains by the end of the study period, claims a reliable source.
Elaborating on the application landscape, the market is fragmented into automobile, oil, metallurgy, water conservancy, and mining. The global polyurethane panel market from mining segment is expected to witness considerable growth over the forecast timeframe, owing to the ability of the product to protect mining equipment from corrosion. Polyurethane panels are used in dust extractor pipe, cone bit, pump, and seal pipe to reduce overall maintenance cost and optimize operations.
Considering the regional outlook, Brazil, U.S., Mexico, Canada, Southeast Asia, Germany, Taiwan, France, South Korea, U.K., Japan, Italy, China, and Russia are some of the key revenue contributing nations of the global polyurethane panel market. In addition, Asia Pacific market is estimated to grow modestly through the year 2026, on account of amplifying automotive and construction industries. Inflowing investments towards infrastructural development, rapid urbanization, coupled with rising emphasis of industry players towards shifting their manufacturing bases in emerging nations like China and India is favoring the regional market scenario.
Some prominent contenders of the global polyurethane panel market are K Industrial, Tianfon Assembly Group, Shijiazhuang Sanhe Steel Structure, Panel Tech, Byucksan, Balex Metal, and Hangzhou Guanqiong
(Kinzip) among others. These market behemoths are investing heavily towards R&D to discover new applications of the product and enhance their offerings, thereby fostering their overall renumeration.
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