Polyurethanes Market size worth around $80 bn by 2024

Polyurethanes Market size is set to surpass USD 80 billion by 2024; according to a new research report by Global Market Insights, Inc.
 

Rapid increase in the usage of bio-based and green materials along with shifting trends towards replacement of heavy metals with light weight and durable plastics is expected to foster market growth. Rising consumer demand for quality and high strength products majorly in electric vehicles as these products are highly used to manufacture interior and exterior vehicle components is further expected to drive polyurethanes market demand.


 

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Polyurethanes foams are largely used in upholstered furniture, car seats and mattresses as their thermal conductivity, low density, sound insulating, and thermal properties makes it ideal for furniture and interior applications. Consumers are highly preferring plastic furniture owing to their lightweight and affordable characteristics. Also, these foams provide an aid in cutting huge energy costs thereby making commercial and residential properties comfortable and efficient. 
 

Polyurethanes Market

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Adhesives & sealants market demand may surpass USD 5 billion by the end of 2024. These products provide strong binding and tight seals along with waterproofing, and ability to set in high temperatures. These adhesives are highly used in the automotive interiors, textile laminates, footwear, windshield bonding and conveyor belts. The sealants and used for construction and plumbing applications proving high strength, fast curing rates, and water resistance thereby promoting PU market growth.
 

Browse key industry insights spread across 180 pages with 185 market data tables & 30 figures & charts from the report, “Polyurethanes (PU) Market Size By Product (Flexible Foams, Rigid Foam, Adhesives & Sealants, Elastomers, Coatings), By Application (Construction, Automotive, Furniture & Interiors, Electronics, Footwear, Packaging), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, Spain, Poland, China, India, Japan, Australia, Malaysia, Indonesia, Brazil, Argentina, Saudi Arabia, UAE, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 - 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/polyurethane-PU-market-report
 

Polyurethanes market size from electronics & appliances applications are expected to witness high gains over 6% by the end of projected timeframe. These materials are used in the electrical & electronics industries majorly for printed circuit boards, transistors, capacitors, resistors, inductors, diodes, underwater cables and other micro electric components. It provides high adhesive, and dielectric properties, temperature and water resistance, elongation and flexibility making it ideal for usage in the electronics industry thereby stimulating market demand.
 

Germany polyurethanes market size may expect gains at over 4.5% over the forecasted period owing to stringent government directives towards fuel efficiency and smart building initiatives thereby reducing fossil fuel demand and greenhouse gas emissions. The initiative by European Commission and European Investment Bank (EIB) named ELENA, is aimed to provide technical & financial assistance in the implementation of distributed renewable energy, urban transport and energy efficiency. The program also assists public and private promoters for developing projects related to environment sustainability thereby promoting product demand.
 

Asia Pacific PU market size may exceed consumption at 11 million tons during forecast time period. Rapid residential & commercial construction activities owing to government support for infrastructural development and aid for making the economies such as Thailand, Vietnam and Malaysia more sustainable and efficient may promote regional market growth. These products used in the construction industries provide high versatility, non-toxicity enhancing the overall aesthetic appearance of homes and buildings. Also, they are highly used in the building industries in the forms of sealants, adhesives, coatings, binders and gaskets.
 

Huntsman Corporation, Dow Chemical Company, BASF, Reticel SA and Mitsui Chemicals are the major manufacturers in the polyurethanes market. Companies are focusing on strategic outlook to expand business in the value chain which in turn may enhance product portfolio and expand regional presence.
 

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Polyurethanes market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in tons and revenue in USD from 2013 to 2024, for the following segments:

Polyurethanes Market By Product

  • Rigid foam
  • Flexible foam
  • Coatings
  • Adhesives and sealants
  • Elastomers
  • Others

Polyurethanes Market By Application

  • Furniture and interiors
  • Construction
  • Electronics & appliances
  • Automotive
  • Footwear
  • Packaging
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Poland
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Malaysia
    • Indonesia
  • Latin America (LATAM)
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa 
       

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