Polyurethane Market Share

Polyurethane Market Share

In March 2018, Huntsman Corporation announced the acquisition of Demilec, a manufacturer and distributor of spray polyurethane foam (SPF) insulation systems for residential and commercial applications. This acquisition will integrate and expand Demilec into polyurethanes business and deliver improved energy efficiency solutions for various applications.
 

In August 2018, Mitsui Chemicals introduced its new polyurethane system house in India. The new system house known as MCNS Polyurethanes India Pvt. Ltd. operates as a joint venture of Mitsui Chemicals and SKC Polyurethanes Co., Ltd. . This new subsidiary will be manufacturing and selling polyurethane products and has been built up with an annual capacity of 15,000 tons per year which will provide high-quality polyurethane foam material formulations to meet customer requirements.
 

In September 2018, BASF, a global manufacturer of chemicals, introduced its new polyurethane production facility in Taiwan. This expanded capacity will meet the growing demand for PU material across various industries and will serve customer requirements in Asia Pacific.
 

Several major players are involved in various strategic collaborations to improve their market presence and gain a competitive edge in the industry. Global polyurethane industry consists of players such as:

• BASF
• Bayer MaterialScience
• Mitsui Chemicals
• Huntsman Corporation
• The Dow Chemical Company.