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Polyurethane Global Market Report 2022 – By Product Type (Coatings, Adhesives and sealants, Flexible and rigid foams, Elastomers, Other Product Types), By Raw Material (MDI, TDI, Polyols), By End-User Industry (Furniture, Construction, Electronics & Appliances, Automotive, Footwear, Other End-Use Industries) – Market Size, Trends, And Global Forecast 2022-2026

Starting Price : $4000.00 | Pages : 175 | Published : October 2022 | SKU CODE : 7314 | Delivery Time: 2-3 business days | Format :


The polyurethane market consists of the sales of polyurethane and related services, which are used in foams as an insulation material, coatings, adhesives and sealants, and as an elastomer. Polyurethane refers to a form of plastic polymer material that is used to produce modern, versatile, and safe consumer and industrial products that are environmentally friendly. Polyurethane is formed by reacting a polyol (an alcohol with more than two reactive hydroxyl groups per molecule) with a diisocyanate or a polymeric isocyanate in the presence of suitable catalysts and additives. They are also widely used in medical devices such as pacemakers, artificial hearts, and other blood-contacting applications.

The main product types of polyurethane are coatings, adhesives and sealants, flexible and rigid foams, elastomers, and other product types. An adhesive is a substance that is capable of holding materials together in a functional manner by a surface attachment that resists separation. The raw materials are MDI, TDI, and polyols. The end-use industries are furniture, construction, electronics and appliances, automotives, footwear, and other end-use industries.

The polyurethane market research report is one of a series of new reports from The Business Research Company that provides polyurethane market statistics, including polyurethane industry global market size, regional shares, competitors with a polyurethane market share, detailed polyurethane market segments, market trends and opportunities, and any further data you may need to thrive in the polyurethane industry. This polyurethane market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The global polyurethane market grew from $67.27 billion in 2021 to $77.51 billion in 2022 at a compound annual growth rate (CAGR) of 15.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The polyurethane market is expected to grow to $126.91 billion in 2026 at a CAGR of 13.1%.

The adoption of polyurethane in home furnishings is driving the polyurethane market. Furniture manufacturing companies are enhancing comfort, durability, health, and safety by using flexible polyurethane foam (FPF) as a cushioning material for upholstered furniture, bedding, and carpet underlay. Furthermore, with the introduction of an advanced manufacturing process, polyurethane foam provides more uniform, predictable, and durable end products. For instance, according to the American Chemistry Council, it is proven that FPF, when compressed by 90% for 22 hours, can recover more than 90% of its original height, which is more durable than any other form of furniture material. Moreover, completely cured polyurethane products are considered to be inert and safe and have been concurred with by the U.S. EPA (Environmental Protection Agency). The durability, comfort, and safety provided by polyurethane will continue to be the major reasons for its use in the furniture industry, thereby driving the demand for the polyurethane industry going forward.

Polyurethane providers globally faced uncertain environmental regulations in the historic period. These regulations are to reduce the emission of toxic air pollutants from the flexible polyurethane foam industry and mandate the installation of add-on control equipment at manufacturers’ sites. For instance, the Environmental Protection Agency (EPA) issued a regulation to reduce the emission of the toxic air pollutant methylene chloride from the flexible polyurethane foam market. All the polyurethane manufacturers have to comply with this regulation and eliminate the use of methylene chloride for the production of moulded foam and rebond foam. Therefore, uncertain government regulations towards environmental protection restrain the growth of the polyurethane market.

Demand for sustainable products from the construction, automotive, and footwear industries is witnessing a rising demand for the manufacturing of bio-based polyurethane (PU) with a rising awareness of environmental concerns worldwide. Bio-based polyurethanes (PU) are derived from biodegradable materials, constituting a rich source of precursors for the synthesis of polyols and isocyanates. These chemicals are readily available at a lower cost with less environmental impact and are highly biodegradable. In addition, with increasing commercialization and growing demand for flexible foam for car seats and headrests from major automotive OEMs, polyurethane manufacturers have shifted focus towards developing sustainable and environmentally friendly products of renewable materials. This will drive the use of bio-based polyurethane products in various industries, including construction, automotive, coating, and footwear. In January 2020, BASF announced a single-digit million-euro investment in the potential expansion of water-based polyurethane dispersions at its Castellbisbal site in Spain. The development will allow BASF to increase its production capacity by 30 percent.

In May 2020, Covestro, a German-based polymer company, accelerated the expansion of its thermoplastic polyurethane (TPU) business by raising its stake in the joint venture DIC Covestro Polymer Ltd. (DCP) from 50% to 80%. Both parties agreed to not disclose any financial details of the transaction. The closing of the deal is planned for the early second quarter of 2019, subject to approval from the relevant authorities. The investment is part of Covestro’s expansion of its global TPU business. DIC Covestro Polymer Ltd. is a Japan-based supplier of thermoplastic polyurethane.

Major players in the polyurethane market are The Dow Chemical Company, BASF SE, Covestro, Huntsman Corp, Eastman Chemical Co, Mitsui Chemicals, Inc, DIC Corp, Nippon Polyurethane Industry Corp Ltd, Recticel S.A, and Woodbridge Foam Corp.

Asia Pacific was the largest region in the polyurethane market in 2021. North America was the second-largest region in the polyurethane market. The regions covered in the polyurethane market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the polyurethane market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia.

The global polyurethane market is segmented -

1) By Product Type: Coatings, Adhesives and sealants, Flexible and rigid foams, Elastomers, Other Product Types

2) By Raw Material: MDI, TDI, Polyols

3) By End User Industry: Furniture, Construction, Electronics & Appliances, Automotive, Footwear, Other End Use Industries

    Table Of Contents

    1. Executive Summary

    2. Polyurethane  Market Characteristics

    3. Polyurethane  Market Trends And Strategies

    4. Polyurethane Market – Macro Economic Scenario

    4.1 COVID-19 Impact On Polyurethane Market

    4.2 Ukraine-Russia War Impact On Polyurethane Market

    4.3 Impact Of High Inflation On Polyurethane Market

    5. Polyurethane  Market Size And Growth

    5.1. Global Polyurethane  Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Polyurethane  Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Polyurethane  Market Segmentation

    6.1. Global Polyurethane  Market, Segmentation  By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Coatings

    Adhesives and sealants

    Flexible and rigid foams

    Elastomers

    Other Product Types

    6.2. Global Polyurethane  Market, Segmentation  By End User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

     Furniture

    Construction

    Electronics & Appliances

    Automotive

    Footwear

    Other End Use Industries

    6.3. Global Polyurethane  Market, Segmentation  By Raw Material, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    MDI

    TDI

    Polyols

    7. Polyurethane  Market Regional And Country Analysis

    7.1. Global Polyurethane  Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Polyurethane  Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific Polyurethane  Market  

    8.1. Asia-Pacific Polyurethane  Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China Polyurethane  Market  

    9.1. China Polyurethane  Market Overview  

    9.2. China Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Polyurethane  Market  

    10.1. India Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Polyurethane  Market  

    11.1. Japan Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Polyurethane  Market  

    12.1. Australia Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Polyurethane  Market  

    13.1. Indonesia Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Polyurethane  Market  

    14.1. South Korea Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe Polyurethane  Market  

    15.1. Western Europe Polyurethane  Market Overview

    15.2. Western Europe Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Polyurethane  Market  

    16.1. UK Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Polyurethane  Market  

    17.1. Germany Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Polyurethane  Market  

    18.3. France Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Polyurethane  Market  

    19.1. Eastern Europe Polyurethane  Market Overview

    19.2. Eastern Europe Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Polyurethane  Market  

    20.1. Russia Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Polyurethane  Market  

    21.1. North America Polyurethane  Market Overview

    21.2. North America Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Polyurethane  Market  

    22.1. USA Polyurethane  Market Overview

    22.2. USA Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Polyurethane  Market  

    23.1. South America Polyurethane  Market Overview

    23.2. South America Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Polyurethane  Market  

    24.1. Brazil Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East Polyurethane  Market  

    25.1. Middle East Polyurethane  Market Overview

    25.2. Middle East Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Polyurethane  Market  

    26.1. Africa Polyurethane  Market Overview

    26.2. Africa Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Polyurethane  Market Competitive Landscape And Company Profiles

    27.1. Polyurethane  Market Competitive Landscape

    27.2. Polyurethane  Market Company Profiles

    27.2.1. The Dow Chemical Company

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. BASF SE

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Covestro

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Huntsman Corp.

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Eastman Chemical Co.

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    29. Key Mergers And Acquisitions In The Polyurethane  Market

    29. Polyurethane  Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Polyurethane  Market, Segmentation  By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Polyurethane  Market, Segmentation  By End User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Polyurethane  Market, Segmentation  By Raw Material, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Polyurethane  Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Polyurethane  Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Asia-Pacific, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: China, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: India, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: Japan, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: Australia, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: Indonesia, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: South Korea, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: Western Europe, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: UK, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: Germany, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: France, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: Eastern Europe, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: Russia, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: North America, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: USA, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: South America, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: Brazil, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: Middle East, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: Africa, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: The Dow Chemical Company Financial Performance
  • Table 28: BASF SE Financial Performance
  • Table 29: Covestro Financial Performance
  • Table 30: Huntsman Corp. Financial Performance
  • Table 31: Eastman Chemical Co. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Figure 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Figure 3: Global Polyurethane  Market, Segmentation  By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 4: Global Polyurethane  Market, Segmentation  By End User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 5: Global Polyurethane  Market, Segmentation  By Raw Material, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 6: Global Polyurethane  Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 7: Global Polyurethane  Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 8: Asia-Pacific, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 9: China, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 10: India, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 11: Japan, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 12: Australia, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 13: Indonesia, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 14: South Korea, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 15: Western Europe, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 16: UK, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 17: Germany, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 18: France, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 19: Eastern Europe, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 20: Russia, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 21: North America, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 22: USA, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 23: South America, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 24: Brazil, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 25: Middle East, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 26: Africa, Polyurethane  Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 27: The Dow Chemical Company Financial Performance
  • Figure 28: BASF SE Financial Performance
  • Figure 29: Covestro Financial Performance
  • Figure 30: Huntsman Corp. Financial Performance
  • Figure 31: Eastman Chemical Co. Financial Performance
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