The global polyurethane market is projected to reach USD 56.76 billion by 2021, at a CAGR of 5.6%, from 2016 to 2021. The growing middle class with increasing disposable incomes, and rising urbanization supplemented strongly by investments in infrastructure is driving the global polyurethane market. The risk of exposure and environmental impact of the raw materials restrain the polyurethane market.
The flexible foam segment is the largest market in the product segment of polyurethane and is estimated to remain the largest till 2021. The use of flexible foam in beddings, automobile interiors, and footwear is leading the market, which is projected to remain the largest market during the forecast period. The major driver in the flexible foam market is the use of memory foam, which has revitalized the bedding segment. This market has also been boosted by the growing expenditure in residential construction.
In 2015, the Asia-Pacific region was the largest polyurethane market, in terms of volume. It is estimated to retain market leadership during the forecast period. China and South Korea are the two major markets for polyurethane in this region. The growing automotive industry, along with several new OEM's setting shop in the country is driving the market in the Asia-Pacific region, resulting in a high demand for polyurethane. In addition, growing infrastructure is likely to drive the demand for polyurethane in the ASEAN countries.
- BASF SE
- Chemtura Corporation
- Covestro AG
- DOW Chemical Company
- Huntsman Corporation
- Manali Petrochemicals Ltd.
- Mitsui Chemicals Inc.
- Tosoh Corporation
- Wanhua Chemical Group Co., Ltd.
- Woodbridge Foam Corporation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Polyurethane Market, By Raw Material Type
8 Polyurethane Market, By Product Type
9 Polyurethane Market, By End User
10 Polyurethane Market, By Region
11 Competitive Landscape
12 Company Profiles
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