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Polyurethane (Flexible Foam, Rigid Foam, Coatings, Adhesives, Sealants, and Elastomers) Market for Furniture, Building & Construction, Electronics, Automotive, Footwear, Packaging, Other Applications - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 - 2020

Published: Feb-2016 | Format: PDF | Zion | Number of pages: 110 | Code: MRS - 47737


The report covers forecast and analysis for the polyurethane market on a global and regional level. The study provides historic data of 2014 along with a forecast from 2015 to 2020 based both volume (Kilo Tons) and revenue (USD Million). The study includes drivers and restraints for the polyurethane market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the polyurethane market on a global level.

In order to give the users of this report a comprehensive view on the polyurethane market. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the polyurethane market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate and general attractiveness.

The study provides a decisive view on the polyurethane market by segmenting the market based on product, application and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. Based on product the market is segmented into flexible foam, rigid foam, coatings, adhesives & sealants and elastomers. Key applications segment include bedding & furniture, building & construction, electronics, automotive, footwear, packaging and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East & Africa with its further bifurcation into major countries including U.S., Germany, France, UK, China, Japan, India and Brazil.

The report also includes detailed profiles of end players such as The DOW Chemical Company, Bayer AG, BASF SE, Sekisui Chemical Co. Ltd., Nitto Denko Corporation, Compagnie De Saint-Gobain S.A., Huntsman Corporation, Wanhua, Chemical Group Co., Ltd. (Former: Yantai Wanhua Polyuretanes Co., Ltd.), Trelleborg AB, Tosoh Corporation (Nippon Polyurethane Industry Co., Ltd.) and Chemtura Corporation. The detailed description of players includes parameters such as company overview, financial overview, business and recent developments of the company.

This report segments the global polyurethane market as follows:

Global Polyurethane Market: Product Segment Analysis

  • Flexible Foam
  • Rigid Foam
  • Coatings
  • Adhesives & Sealants
  • Elastomers

Global Polyurethane Market: Application Segment Analysis

  • Bedding & Furniture
  • Building & Construction
  • Electronics
  • Automotive
  • Footwear
  • Packaging
  • Others

Global Polyurethane Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East & Africa

Chapter 1. Introduction

  • 1.1. Report description and scope
  • 1.2. Research scope
  • 1.3. Research methodology
    • 1.3.1. Market research process
    • 1.3.2. Market research methodology

Chapter 2. Executive Summary

  • 2.1. Global market volume and revenue, 2014 - 2020 (Kilo Tons) (USD Million)
  • 2.2. Global polyurethane market: Snapshot

Chapter 3. Polyurethane Market – Global and Industry Analysis

  • 3.1. Polyurethane: Market dynamics
  • 3.2. Value chain analysis
  • 3.3. Market drivers
    • 3.3.1. Drivers of global polyurethane market: Impact analysis
    • 3.3.2. Growing end-use industries in emerging regions
    • 3.3.3. Expanding construction industry
  • 3.4. Market restraints
    • 3.4.1. Restraints for global polyurethane market: Impact analysis
    • 3.4.2. High cost of raw materials
  • 3.5. Opportunities
    • 3.5.1. Production of bio-based polyurethane
  • 3.6. Porter’s five forces analysis
  • 3.7. Market Attractiveness Analysis
    • 3.7.1. Market attractiveness analysis by product segment
    • 3.7.2. Market attractiveness analysis by application segment
    • 3.7.3. Market attractiveness analysis by regional segment

Chapter 4. Global Polyurethane Market - Competitive Landscape

  • 4.1. Company market share, 2014
  • 4.2. Production capacity (subject to data availability)
  • 4.3. Raw material analysis
  • 4.4. Price trend analysis

Chapter 5. Global Polyurethane Market – Product Segment Analysis

  • 5.1. Global polyurethane market: Product overview
    • 5.1.1. Global polyurethane market volume share, by product, 2014 - 2020
  • 5.2. Flexible Foam
    • 5.2.1. Global flexible foam polyurethane market, by product, 2014 – 2020 (Kilo Tons) (USD Million)
  • 5.3. Rigid Foam
    • 5.3.1. Global rigid foam polyurethane market, by product, 2014 – 2020 (Kilo Tons) (USD Million)
  • 5.4. Coatings
    • 5.4.1. Global coatings market, by product, 2014 – 2020 (Kilo Tons) (USD Million)
  • 5.5. Adhesives & Sealants
    • 5.5.1. Global adhesives & sealants market, by product, 2014 – 2020 (Kilo Tons) (USD Million)
  • 5.6. Elastomers
    • 5.6.1. Global elastomers market, by product, 2014 – 2020 (Kilo Tons) (USD Million)

Chapter 6. Global Polyurethane Market – Application Segment Analysis

  • 6.1. Global polyurethane market: Application overview
    • 6.1.1. Global polyurethane market volume share by application, 2014 - 2020
  • 6.2. Bedding & Furniture
    • 6.2.1. Global polyurethane market for bedding & furniture, 2014 – 2020 (Kilo Tons)(USD Million)
  • 6.3. Building & Construction
    • 6.3.1. Global polyurethane market for building & construction, 2014 – 2020 (Kilo Tons)(USD Million)
  • 6.4. Electronics
    • 6.4.1. Global polyurethane market for electronics, 2014 – 2020 (Kilo Tons)(USD Million)
  • 6.5. Automotive
    • 6.5.1. Global polyurethane market for automotive, 2014 – 2020 (Kilo Tons)(USD Million)
  • 6.6. Footwear
    • 6.6.1. Global polyurethane market for footwear, 2014 – 2020 (Kilo Tons)(USD Million)
  • 6.7. Packaging
    • 6.7.1. Global polyurethane market for packaging, 2014 – 2020 (Kilo Tons)(USD Million)
  • 6.8. Others
    • 6.8.1. Global polyurethane market for other applications, 2014 – 2020 (Kilo Tons)(USD Million)

Chapter 7. Global Polyurethane Market – Regional Segment Analysis

  • 7.1. Global polyurethane market: Regional overview
    • 7.1.1. Global polyurethane market volume share by region, 2014 - 2020
  • 7.2. North America
    • 7.2.1. North America polyurethane market volume, by product, 2014 – 2020 (Kilo Tons)
    • 7.2.2. North America Polyurethane market revenue, by product, 2014 – 2020 (USD Million)
    • 7.2.3. North America Polyurethane market volume, by application, 2014 – 2020 (Kilo Tons)
    • 7.2.4. North America Polyurethane market revenue, by application, 2014 – 2020 (USD Million)
    • 7.2.5. U.S.
      • 7.2.5.1. U.S. Polyurethane market volume, by product, 2014 – 2020 (Kilo Tons)
      • 7.2.5.2. U.S. Polyurethane market revenue, by product, 2014 – 2020 (USD Million)
      • 7.2.5.3. U.S. Polyurethane market volume, by application, 2014 – 2020 (Kilo Tons)
      • 7.2.5.4. U.S. Polyurethane market revenue, by application, 2014 – 2020 (USD Million)
  • 7.3. Europe
    • 7.3.1. Europe Polyurethane market volume, by product, 2014 – 2020 (Kilo Tons)
    • 7.3.2. Europe Polyurethane market revenue, by product, 2014 – 2020 (USD Million)
    • 7.3.3. Europe Polyurethane market volume, by application, 2014 – 2020 (Kilo Tons)
    • 7.3.4. Europe Polyurethane market revenue, by application, 2014 – 2020 (USD Million)
    • 7.3.5. Germany
      • 7.3.5.1. Germany Polyurethane market volume, by product, 2014 – 2020 (Kilo Tons)
      • 7.3.5.2. Germany Polyurethane market revenue, by product, 2014 – 2020 (USD Million)
      • 7.3.5.3. Germany Polyurethane market volume, by application, 2014 – 2020 (Kilo Tons)
      • 7.3.5.4. Germany Polyurethane market revenue, by application, 2014 – 2020 (USD Million)
    • 7.3.6. France
      • 7.3.6.1. France Polyurethane market volume, by product, 2014 – 2020 (Kilo Tons)
      • 7.3.6.2. France Polyurethane market revenue, by product, 2014 – 2020 (USD Million)
      • 7.3.6.3. France Polyurethane market volume, by application, 2014 – 2020 (Kilo Tons)
      • 7.3.6.4. France Polyurethane market revenue, by application, 2014 – 2020 (USD Million)
    • 7.3.7. UK
      • 7.3.7.1. UK Polyurethane market volume, by product, 2014 – 2020 (Kilo Tons)
      • 7.3.7.2. UK Polyurethane market revenue, by product, 2014 – 2020 (USD Million)
      • 7.3.7.3. UK Polyurethane market volume, by application, 2014 – 2020 (Kilo Tons)
      • 7.3.7.4. UK Polyurethane market revenue, by application, 2014 – 2020 (USD Million)
  • 7.4. Asia Pacific
    • 7.4.1. Asia Pacific Polyurethane market volume, by product, 2014 – 2020 (Kilo Tons)
    • 7.4.2. Asia Pacific Polyurethane market revenue, by product, 2014 – 2020 (USD Million)
    • 7.4.3. Asia Pacific Polyurethane market volume, by application, 2014 – 2020 (Kilo Tons)
    • 7.4.4. Asia Pacific Polyurethane market revenue, by application, 2014 – 2020 (USD Million)
    • 7.4.5. China
      • 7.4.5.1. China Polyurethane market volume, by product, 2014 – 2020 (Kilo Tons)
      • 7.4.5.2. China Polyurethane market revenue, by product, 2014 – 2020 (USD Million)
      • 7.4.5.3. China Polyurethane market volume, by application, 2014 – 2020 (Kilo Tons)
      • 7.4.5.4. China Polyurethane market revenue, by application, 2014 – 2020 (USD Million)
    • 7.4.6. Japan
      • 7.4.6.1. Japan Polyurethane market volume, by product, 2014 – 2020 (Kilo Tons)
      • 7.4.6.2. Japan Polyurethane market revenue, by product, 2014 – 2020 (USD Million)
      • 7.4.6.3. Japan Polyurethane market volume, by application, 2014 – 2020 (Kilo Tons)
      • 7.4.6.4. Japan Polyurethane market revenue, by application, 2014 – 2020 (USD Million)
    • 7.4.7. India
      • 7.4.7.1. India Polyurethane market volume, by product, 2014 – 2020 (Kilo Tons)
      • 7.4.7.2. India Polyurethane market revenue, by product, 2014 – 2020 (USD Million)
      • 7.4.7.3. India Polyurethane market volume, by application, 2014 – 2020 (Kilo Tons)
      • 7.4.7.4. India Polyurethane market revenue, by application, 2014 – 2020 (USD Million)
  • 7.5. Latin America
    • 7.5.1. Latin America Polyurethane market volume, by product, 2014 – 2020 (Kilo Tons)
    • 7.5.2. Latin America Polyurethane market revenue, by product, 2014 – 2020 (USD Million)
    • 7.5.3. Latin America Polyurethane market volume, by application, 2014 – 2020 (Kilo Tons)
    • 7.5.4. Latin America Polyurethane market revenue, by application, 2014 – 2020 (USD Million)
    • 7.5.5. Brazil
      • 7.5.5.1. Brazil Polyurethane market volume, by product, 2014 – 2020 (Kilo Tons)
      • 7.5.5.2. Brazil Polyurethane market revenue, by product, 2014 – 2020 (USD Million)
      • 7.5.5.3. Brazil Polyurethane market volume, by application, 2014 – 2020 (Kilo Tons)
      • 7.5.5.4. Brazil Polyurethane market revenue, by application, 2014 – 2020 (USD Million)
  • 7.6. Middle East and Africa
    • 7.6.1. Middle East and Africa Polyurethane market volume, by product, 2014 – 2020 (Kilo Tons)
    • 7.6.2. Middle East and Africa Polyurethane market revenue, by product, 2014 – 2020 (USD Million)
    • 7.6.3. Middle East and Africa Polyurethane market volume, by application, 2014 – 2020 (Kilo Tons)
    • 7.6.4. Middle East and Africa Polyurethane market revenue, by application, 2014 – 2020 (USD Million)

Chapter 8. Company Profile

  • 8.1. BASF SE
    • 8.1.1. Overview
    • 8.1.2. Financials
    • 8.1.3. Product portfolio
    • 8.1.4. Business strategy
    • 8.1.5. Recent developments
  • 8.2. The DOW Chemical Company
    • 8.2.1. Overview
    • 8.2.2. Financials
    • 8.2.3. Product portfolio
    • 8.2.4. Business strategy
    • 8.2.5. Recent development
  • 8.3. Bayer AG
    • 8.3.1. Overview
    • 8.3.2. Financials
    • 8.3.3. Product portfolio
    • 8.3.4. Business strategy
    • 8.3.5. Recent development
  • 8.4. Sekisui Chemical Co. Ltd.
    • 8.4.1. Overview
    • 8.4.2. Financials
    • 8.4.3. Product portfolio
    • 8.4.4. Business strategy
    • 8.4.5. Recent developments
  • 8.5. Nitto Denko Corporation
    • 8.5.1. Overview
    • 8.5.2. Financials
    • 8.5.3. Product portfolio
    • 8.5.4. Business strategy
    • 8.5.5. Recent developments
  • 8.6. Compagnie De Saint-Gobain S.A.
    • 8.6.1. Overview
    • 8.6.2. Financials
    • 8.6.3. Product portfolio
    • 8.6.4. Business strategy
    • 8.6.5. Recent developments
  • 8.7. Huntsman Corporation
    • 8.7.1. Overview
    • 8.7.2. Financials
    • 8.7.3. Product portfolio
    • 8.7.4. Business strategy
    • 8.7.5. Recent developments
  • 8.8. Wanhua Chemical Group Co., Ltd. (Former: Yantai Wanhua Polyuretanes Co., Ltd.)
    • 8.8.1. Overview
    • 8.8.2. Financials
    • 8.8.3. Product portfolio
    • 8.8.4. Business strategy
    • 8.8.5. Recent developments
  • 8.9. Trelleborg AB
    • 8.9.1. Overview
    • 8.9.2. Financials
    • 8.9.3. Product portfolio
    • 8.9.4. Business strategy
    • 8.9.5. Recent developments
  • 8.10. Tosoh Corporation (Nippon Polyurethane Industry Co., Ltd.)
    • 8.10.1. Overview
    • 8.10.2. Financials
    • 8.10.3. Product portfolio
    • 8.10.4. Business strategy
    • 8.10.5. Recent developments
  • 8.11. Chemtura Corporation
    • 8.11.1. Overview
    • 8.11.2. Financials
    • 8.11.3. Product portfolio
    • 8.11.4. Business strategy
    • 8.11.5. Recent developments

List of Tables

1. Polyurethane market: Market snapshot                                                            
2. Drivers of global polyurethane market: Impact analysis
3. Restraints of global polyurethane market: Impact analysis
4. North America polyurethane market volume, by product, 2014 - 2020 (Kilo Tons)
5. North America polyurethane market revenue, by product, 2014 - 2020 (USD Million)
6. North America polyurethane market volume, by application, 2014 - 2020 (Kilo Tons)
7. North America polyurethane market revenue, by application, 2014 - 2020 (USD Million)
8. U.S. polyurethane market volume, by product, 2014 - 2020 (Kilo Tons)
9. U.S polyurethane market revenue, by product, 2014 - 2020 (USD Million)
10. U.S polyurethane market volume, by application, 2014 - 2020 (Kilo Tons)
11. U.S polyurethane market revenue, by application, 2014 - 2020 (USD Million)
12. Europe polyurethane market volume, by product, 2014 - 2020 (Kilo Tons)
13. Europe polyurethane market revenue, by product, 2014 - 2020 (USD Million)
14. Europe polyurethane market volume, by application, 2014 - 2020 (Kilo Tons)
15. Europe polyurethane market revenue, by application, 2014 - 2020 (USD Million)
16. Germany polyurethane market volume, by product, 2014 - 2020 (Kilo Tons)
17. Germany polyurethane market revenue, by product, 2014 - 2020 (USD Million)
18. Germany polyurethane market volume, by application, 2014 - 2020 (Kilo Tons)
19. Germany polyurethane market revenue, by application, 2014 - 2020 (USD Million)
20. France polyurethane market volume, by product, 2014 - 2020 (Kilo Tons)
21. France polyurethane market revenue, by product, 2014 - 2020 (USD Million)
22. France polyurethane market volume, by application, 2014 - 2020 (Kilo Tons)
23. France polyurethane market revenue, by application, 2014 - 2020 (USD Million)
24. UK polyurethane market volume, by product, 2014 - 2020 (Kilo Tons)
25. UK polyurethane market revenue, by product , 2014 - 2020 (USD Million)
26. UK polyurethane market volume, by application, 2014 - 2020 (Kilo Tons)
27. UK polyurethane market revenue, by application, 2014 - 2020 (USD Million)
28. Asia Pacific polyurethane market volume, by product, 2014 - 2020 (Kilo Tons)
29. Asia Pacific polyurethane market revenue, by product 2014 - 2020 (USD Million)
30. Asia Pacific polyurethane market volume, by application, 2014 - 2020 (Kilo Tons)
31. Asia Pacific polyurethane market revenue, by application, 2014 - 2020 (USD Million)
32. China polyurethane market volume, by product, 2014 - 2020 (Kilo Tons)
33. China polyurethane market revenue, by product, 2014 - 2020 (USD Million)
34. China polyurethane market volume, by application, 2014 - 2020 (Kilo Tons)
35. China polyurethane market revenue, by application, 2014 - 2020 (USD Million)
36. Japan polyurethane market volume, by product, 2014 - 2020 (Kilo Tons)
37. Japan polyurethane market revenue, by product, 2014 - 2020 (USD Million)
38. Japan polyurethane market volume, by application, 2014 - 2020 (Kilo Tons)
39. Japan polyurethane market revenue, by application, 2014 - 2020 (USD Million)
40. India polyurethane market volume, by product, 2014 - 2020 (Kilo Tons)
41. India polyurethane market revenue, by product, 2014 - 2020 (USD Million)
42. India polyurethane market volume, by application, 2014 - 2020 (Kilo Tons)
43. India polyurethane market revenue, by application, 2014 - 2020 (USD Million)
44. Latin America polyurethane market volume, by product, 2014 - 2020 (Kilo Tons)
45. Latin America polyurethane market revenue, by product - 2020 (USD Million)
46. Latin America polyurethane market volume, by application, 2014 - 2020 (Kilo Tons)
47. Latin America polyurethane market revenue, by application, 2014 - 2020 (USD Million)
48. Brazil polyurethane market volume, by product, 2014 - 2020 (Kilo Tons)
49. Brazil polyurethane market revenue, by product - 2020 (USD Million)
50. Brazil polyurethane market volume, by application, 2014 - 2020 (Kilo Tons)
51. Brazil polyurethane market revenue, by application, 2014 - 2020 (USD Million)
52. Middle East & Africa polyurethane market volume, by product, 2014 - 2020 (Kilo Tons)
53. Middle East & Africa polyurethane market revenue, by product - 2020 (USD Million)
54. Middle East & Africa polyurethane market volume, by application, 2014 - 2020 (Kilo Tons)
55. Middle East & Africa polyurethane market revenue, application, 2014 - 2020 (USD Million)

List of Figures

1. Market research process
2. Market research methodology
3. Global polyurethane market, 2014 - 2020 (Kilo Tons) (USD Million)
4. Porter’s five forces analysis
5. Polyurethane: Market attractiveness analysis, by product segment
6. Polyurethane: Market attractiveness analysis, by application segment
7. Polyurethane: Market attractiveness analysis, by regional segment
8. Company market share analysis, 2014 and 2020
9. Global polyurethane market share by product, 2014 and 2020
10. Global flexible foam polyurethane market, 2014 – 2020 (Kilo Tons) (USD Million)
11. Global rigid foam polyether market, 2014 – 2020 (Kilo Tons) (USD Million)
12. Global coatings market, 2014 – 2020 (Kilo Tons) (USD Million)
13. Global adhesives and sealants market, 2014 – 2020 (Kilo Tons) (USD Million)
14. Global elastomers market, 2014 – 2020 (Kilo Tons) (USD Million)
15. Global polyurethane market share by application, 2014 and 2020
16. Global polyurethane market for bedding and furniture, 2014 – 2020 (Kilo Tons) (USD Million)
17. Global polyurethane market for building and construction, 2014 – 2020 (Kilo Tons) (USD Million)
18. Global polyurethane market for electronics, 2014 – 2020 (Kilo Tons) (USD Million)
19. Global polyurethane market for automotive, 2014 – 2020 (Kilo Tons) (USD Million)
20. Global polyurethane market for footwear, 2014 – 2020 (Kilo Tons) (USD Million)
21. Global polyurethane market for packaging, 2014 – 2020 (Kilo Tons) (USD Million)
22. Global polyurethane market for other applications, 2014 – 2020 (Kilo Tons) (USD Million)

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Zion Research uses the synergy of combination of both primary research and secondary research for its research reports. For this study, we have conducted extensive primary research, wherein we have conducted in-depth interviews of the key opinion leader of this industry. Primary research make up for the biggest chunk of our data sources in addition to secondary research.

We referred to product literature of leading industry participants, annual reports, press releases, government publications, and other relevant sources for data collection and analysis thereof. Secondary research also includes a search of recent trade journals, technical writing, internet sources, and statistical data from government websites, trade associations and agencies.  

Zion Research has collected key data related to the Polyurethane market and analyzed these data using a variety of methods. The market dynamics have been ascertained following a detailed study of the micro, meso, and macroeconomic indicators of the market.

This report is based on in-depth qualitative and quantitative analyses of the Global Polyurethane Market. The quantitative analysis involved the application of various projection and sampling techniques. The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions.

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically partake in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals


Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Based on the research results and technical insights thus gathered, Zion research analysts have provided a comprehensive analysis of the varied aspects of the market. The impact of global economic conditions and other macroeconomic indicators was also considered when assessing the market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Polyurethane is abbreviated as PUR and PU. Polyols, MDI and TDI are key raw materials of polyurethane. Rigid PU foam, flexible PU foam, semi rigid foam, molded foam, etc. are some of the major types of polyurethane foams (PU). Coatings, adhesives, sealants, and elastomers (CASE), etc. are some of the other product types markets for polyurethane. Construction, automotive, footwear, electrical & electronics are among the major end-user industries of polyurethane.

Flexible foam, rigid foam, coatings, adhesives & sealants and elastomers are the key product segments of the polyurethane market. Flexible foam was the largest product segment in 2014 and accounted for over 35% share of the total market. Globally increasing usage of flexible foam in furniture & interiors and automotive interior applications is expected to drive the demand for flexible PU foam market through forecast period. However, rigid foam is expected to exhibit rapid growth owing to high demand from insulation application.

Polyurethane Market

On the basis of applications polyurethane market can be segmented as furniture, building & construction, electronics, automotive, footwear, packaging and other applications. Furniture is likely to be the fastest-growing application segment of PU in the years to come. Additionally, some functional properties like abrasion resistance, environment sustainability are expected to increase the demand for polyurethane over the next few years. Growing end-use industries like automotive, footwear, electrical & electronics in emerging nations is expected to drive the market for polyurethane. Polyurethane has a broad range of applications such as transportation, furniture, textiles, fibers & apparel, packaging etc.

Polyurethane market was dominated by Asia Pacific and accounted for significantly large share in total volume consumed 2014. Asia Pacific is followed by Europe and North America. Asia Pacific is expected to witness significant rise in polyurethane market due to large demand from emerging countries like China, India for various end-use industries like construction and automotives.

Global polyurethane market is highly competitive, with the presence of well-established global market participants. The DOW Chemical Company, Bayer AG, BASF SE, Sekisui Chemical Co. Ltd., Nitto Denko Corporation, Compagnie De Saint-Gobain S.A., Huntsman Corporation, Wanhua, Chemical Group Co., Ltd. (Former: Yantai Wanhua Polyuretanes Co., Ltd.), Trelleborg AB, Tosoh Corporation (Nippon Polyurethane Industry Co., Ltd.) and Chemtura Corporation are some of the key vendors in the market.

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