Selbyville, Delaware, Nov. 18, 2019 (GLOBE NEWSWIRE) --

According to a report by Global Market Insights, Inc., the worldwide polyurethane market is forecast to cross USD 93 billion revenue by 2026. Growing shift towards the use of lightweight and eco-friendly polymers in application industries such as automotive & construction to reduce environmental impact has increased demand for sustainable plastic solutions.

Rising construction activities coupled with growing government initiatives towards infrastructure development is expected to anticipate product demand. Polyurethane products provide a clean minimalistic look and improve the overall aesthetic appearance of the product. High versatility and unique physical properties have further increased the product adoption in various construction activities. Growing consumer demand for thermal insulation in households to improve energy conservation is likely to have a positive impact on Polyurethane Market growth.

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Some major findings of the Polyurethane Market report include:

  • The demand for polyurethane products is on rise globally owing to their superior benefits such as high flexibility, effective bonding, impact resistance and high load bearing capacity.

  • Growing demand for lightweight and high-performance adhesives & sealants in Europe to promote fuel-efficient vehicles in line with regulations towards rising carbon footprint will spur Polyurethane Market growth.

  • Rise in the use of premium quality plastic materials in the manufacturing of chairs, tables & beds owing to their economic feasibility is expected to provide healthy growth opportunities for Polyurethane Market growth.

  • Companies are upgrading technologies in polymer manufacturing to develop PU based foams, adhesives & sealants and coatings which is increasing their penetration in packaging, construction & electronics industries.

  • Stiffer regulations in Europe & North America market due to rising environmental degradation has surged the development of high-quality plastics as replacements for traditional heavy metals.

Polyurethane elastomers are widely used in the manufacturing of footwear, auto components and construction materials owing to their high tear strength, load resistance and superior adhesiveness. The product offers an ideal solution for low temperature conditions which require high tear resistance and tensile properties and thereby help in reducing material degradation.

Browse key industry insights spread across 170 pages with 185 market data tables and 30 figures & charts from the report, “(PU) Polyurethanes Market Size By Product (Rigid Foam, Flexible Foam, Coatings, Adhesives & Sealants, Elastomers), By Application (Furniture and Interiors, Construction, Electronics & Appliances, Automotive, Footwear, Packaging),  Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/polyurethane-PU-market-report

Increasing focus towards the use of recyclable and sustainable packaging solutions in Asia Pacific shows favorable circumstance for product demand. Several vendors in the region are developing packaging solutions which offer high gloss finish with new design innovations. This has substantially created demand for recyclable materials which are highly durable and help in protection of pressure sensitive products.

Companies are involved in new product developments and collaborations to improve their market share. For instance, In May 2018, Huntsman Corporation, a U.S. based manufacturer & distributor of polyurethane products launched two thermoplastics polyurethanes for footwear industry. These new products showcase innovations introduced in rubber industry and provide improved slip-resistance on wet and dry surfaces.

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Partial chapters of report table of contents (TOC):

Chapter 2    Executive Summary

2.1    Polyurethane market industry 360⁰ synopsis, 2018 - 2026

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Product trends

2.1.4    Application trends

Chapter 3    Polyurethanes Market Industry Insights

3.1    Industry segmentation

3.2    Industry size & forecast, 2015 – 2026

3.3    Industry ecosystem analysis

3.3.1    Vendor matrix

3.3.2    Distribution channel analysis

3.3.2.1    Collaboration/Partnerships

3.3.2.2    Distributors

3.3.2.3    Technology Providers

3.4    Raw material analysis

3.4.1    Methyl Diphenyl Diisocyanate (MDI)

3.4.2    Toluene Diisocyanate (TDI)

3.5    Regulatory landscape

3.5.1    U.S.

3.5.1.1    Hazard Communication Standard

3.5.1.2    California Department of Toxic Substances Control (DTSC): Safer Consumer Products (SCP)

3.5.2    Europe

3.5.2.1    Regulation (EU) 2017/852

3.5.3    China

3.5.3.1    Regulation on the Administration of Ozone Depleting Substances (No. 573)

3.6    Pricing analysis

3.6.1    Rigid foam

3.6.2    Flexible foam

3.6.3    Coatings

3.6.4    Adhesives & sealants

3.6.5    Elastomers

3.6.6    Other PU products

3.7    Industry impact forces

3.7.1    Growth drivers

3.7.1.1    North America: Growing demand for light weight, high performance materials from automotive industry

3.7.1.2    Europe: Government support for energy efficiency

3.7.1.3    Asia Pacific: Increasing construction spending in Asia Pacific

3.8.2    Industry pitfalls & challengs

3.8.2.1 Increasing usage of subsitutes in automotive interiors

3.8    Cost Structure Analysis, 2018

3.8.1    Land expenses

3.8.2    Building expenses

3.8.3    Plant & Machinery expenses

3.9    Growth potential analysis, 2018

3.9.1    Emerging business model

3.9.1.1    New product launch

3.9.1.2    Acquisition

3.10    Company market share analysis, 2018

3.10.1    Strategy dashboard

3.11    Porter’s analysis

3.12    PESTEL analysis 


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https://www.gminsights.com/industry-analysis/geofoam-market


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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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