Polyurethane Market Analysis

Polyurethane Market Analysis

Rigid foams market may witness significant gains at over 5% by the end of forecasted period. Polyurethane based rigid foams are used as insulating materials in electronics and construction industries owing to their high temperature & moisture control and ability to provide noise reduction. Rigid polyurethane foams are suitable for use in cavity walls, internal linings, pipes & tanks and pitched roofs as they are non-hazardous materials which do not require special handling, storage.
 

PUR rigid foams are widely served in various applications as an insulation material. These foams provide low thermal conductivity and high durability which makes them a suitable alternative for other plastic foams. Boosting infrastructure projects have shifted consumer inclination towards the use of energy saving construction materials which shows huge opportunities for the polyurethane market. PU is applied on different building components to enhance internal & external insulation, reduce heating & cooling loss and provide a comfortable living environment.
 

The luxury furniture industry was valued at over USD 25 Billion in 2018 owing to rising number of commercial spaces and improving living standards. Furniture & interiors, construction, electronics & appliances, automotive, footwear and packaging are the major applications in the polyurethane market. With increasing consumer spending on home decor, manufacturers are focusing towards the development of high-quality luxury furniture.
 

PU polymer provide highly durable finish, offer resistance to heat & chemicals and are easy to apply. The polymer is used for beds, office chairs and tables owing to its comfort and sophisticated design. Increasing consumer expenditure on high quality interior designs which offer product longevity and add on to the aesthetic appeal should elevate the growth of polyurethane market .
 

Germany polyurethane market share from automotive applications may witness gains at above 4.5% by 2026. High durability coupled with energy conservation nature of PU makes them ideal for various automotive applications. Polyurethane foams are used in armrests, headrests and seats owing to their superior comfort and cushioning properties. The product is also used in the manufacture of headlights & signal lights as they ensure high bond strength and effective UV resistance.
 

High quality automotive interiors made from PU foams allow low heat transfer and ensure weight reduction which makes them suitable alternative to metallic components in vehicles. Presence of several automotive manufacturing plants in the region has resulted in stiffer environmental norms owing to growing carbon footprint. This has significantly promoted the use of low emission materials in vehicle manufacturing.