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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Polyurethanes are polymers and are widely used across various applications. Polyols are one of the key ingredients used in the production of polyurethanes. Polyurethanes are available in different types such as rigid forms, elastomers, flexible foams, and solid compositions. These are used across various end-user applications such as furniture, automobiles, boats, adhesives, and water vessels.

Statistics:

The global polyols and polyurethane market is accounted for US$ 24,986.9 Mn in terms of value and by the end of 2019 and is expected to grow at a CAGR of 7.3% during the forecast period.

Drivers:

Strong growth in the furniture and interiors industry is primarily fueling the market growth of the polyols and polyurethane. The furniture industry is the largest consumer of the polyurethane foam and flexible foam is commonly used polyurethane foam that is used as a cushioning material in the upholstered furniture since these materials offer comfort, durability, and comfort. Polyurethane is used to produce cushions, seating, office furniture, pillows, and mattress.

Robust growth for the product from the electronics and appliances industry is propelling the market growth. The electronics industry is the third-largest end-user market for polyurethane and is accounted for around 12% of the total volume consumption of the product. Nonfoam polyurethane is widely used in the sealing, encapsulation, and insulation applications. Plugs, casings, cables, tubes, and cable sheathing are some of the electronic products where polyurethanes are widely used.

Figure 1. Global Polyols and Polyurethane Market, Revenue Share (%), By Region, 2019

Polyols and Polyurethane  | Coherent Market Insights

Asia Pacific region dominated the global polyols and polyurethane market in 2019, accounting for 39.5% share in terms of value, followed by Europe and North America, respectively.

Market Restraints

Factor such as the economic downturn is affecting the sale of the product. This is expected to act as a challenge for the market growth of the polyols and polyurethane.

Strict rules and regulations associated with the production of the polyurethane are expected to inhibit the market growth. This is due to adverse effects associated with the product on the environment as they exhibit various threats to both aquatic as well as terrestrial species.

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Polyols and Polyurethane Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 24,986.9 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 7.3% 2027 Value Projection:  US$ 44,068.1 Mn
Geographies covered:
  • By Region: North America, Europe, China, Rest of Asia Pacific, Latin America
Segments covered:
  • By Type: Polyether Polyol and Polyester Polyols
  • By Application: Flexible Foam, Rigid Foam, Coatings, Adhesives & Sealants and Elastomers
Companies covered:

BASF SE, Bayer Material Science AG, Chemtura Corporation, COIM, Dow Chemical Company, E.I. du Pont de Nemours & Company (DuPont), Hebei Cangzhou Dahua Group Corporation Ltd, Huntsman corporation, Kumlo Mitsui Chemicals Incorporation, and Mitsui Chemicals Inc. 

Growth Drivers:
  • Strong growth in the furniture and interiors industry
  • Robust growth for the product from the electronics and appliances industry is propelling the market growth
Restraints & Challenges:
  • Strict rules and regulations associated with the production of the polyurethane are expected to inhibit the market growth

Market Opportunities

Increasing development of the bio-based polyurethane is expected to bring new market opportunities over the forecast period. The growing need for environmental sustainability coupled with the growing research and development in the field of polyurethane for developing bio-based polyurethane foam is expected to foster the market growth of the polyols and polyurethane. Thus, the rising demand for bio-based polyurethane is expected to foster market growth.

The growing need for energy conservation is projected to provide potential growth opportunities over the forecast period. Polyurethane foam is widely used in refrigerators and commercial cold storage for saving energy. They help in saving energy by playing key role as an effective insulators. Hence they are beneficial in saving the energy efficiency of buildings and appliances by reducing the need for heating and cooling which helps in lower carbon emission. 

Figure 2. Global Polyols and Polyurethane Market – Opportunity Analysis

Polyols and Polyurethane  | Coherent Market Insights

Global polyols and polyurethane market was valued at US$ 24,986.9 Mn market in 2019 and is forecast to reach a value of US$ 44,068.1 Mn by 2027 at a CAGR of 7.3% between 2020 and 2027

Market Trends/Key Takeaways

The growing popularity of the polyurethane coatings as they offer UV protection to a wide range of structures is augmenting the market growth of polyols and polyurethane. For instance, in May 2020, Tnemec Company Inc. launched three low VOC polyurethane coatings: Series 1094, Series 1095, and Series 1096 Endura-Shield. These innovative new products, like other Endura-Shield coatings before them, provide UV protection to a wide variety of structures across multiple environments and climates.

Strategic acquisition and merger by the key manufacturer for expanding market presence is one of the growing trends in the market. For instance, in December 2019, Huntsman Corporation announced that it has acquired Icynene-Lapolla, a North American manufacturer and distributor of spray polyurethane foam (SPF) insulation systems for residential and commercial applications, from an affiliate of FFL Partners, LLC.

Figure 3. Global Polyols and Polyurethane Market, Revenue Share (%), By Type, in 2019

Polyols and Polyurethane  | Coherent Market Insights

The polyether polyols segment dominated the global polyols and polyurethane market in 2019, accounting for 73.5% share in terms of value, followed by polyester polyols segment.

Global Polyols and polyurethane Market - Impact of Coronavirus (Covid-19) Pandemic

The novel Coronavirus (COVID-19) has impacted almost all the industries globally including industrial automation and construction industry that is the major end-user of the polyols and polyurethane market. Thereby, also impacting the growth of the market till the year 2021.

Value Chain Analysis

Polyols and Polyurethane  | Coherent Market Insights

Competitive Section:

Company Names 

  1. BASF SE
  2. Bayer MaterialScience AG
  3. Chemtura Corporation
  4. COIM
  5. Dow Chemical Company
  6. E.I. du Pont de Nemours & Company (DuPont)
  7. Hebei Cangzhou Dahua Group Corporation Ltd.
  8. Huntsman Corporation
  9. Kumho Mitsui Chemicals Incorporation
  10. Mitsui Chemicals Inc.

Few Recent Developments

In January 2018, Dow DuPont Materials Science and Dow Corning Polyurethane Additives (PUA are combined into the Dow Polyurethanes portfolio under the Vorasurf polyurethane additives brand name to serve bedding, spray foam, and footwear market.

The global Polyols and polyurethane market is account for US$ 24,986.9 Mn in terms of value and 11,289.4 Kilo Tons in terms of volume by the end of 2019. Polyurethanes are available in different types such as rigid forms, elastomers, flexible foams, and solid compositions. Polyols and polyurethane are used in various end use industries such as furniture, construction, interiors, and automotive.

Market Dynamics

The electronics industry is the third-largest end-user market for polyurethane and is accounted for around 12% of the total volume consumption of the polyols and polyurethane products. In addition, Strong growth in the furniture and interiors industry is primarily fueling the market growth of the polyols and polyurethane. The aforesaid reasons are key factors propelling the growth of the maket over the forecast period.

Key features of the study:

  • This report provides in-depth analysis of global polyols and polyurethane  market size (US$ Million & Kilo Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global polyols and polyurethane  market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes BASF SE, Bayer Material Science AG, Chemtura Corporation, COIM, Dow Chemical Company, E.I. du Pont de Nemours & Company (DuPont), Hebei Cangzhou Dahua Group Corporation Ltd, Huntsman corporation, Kumlo Mitsui Chemicals Incorporation, and Mitsui Chemicals Inc.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, Type up-gradation, market expansion, and marketing tactics
  • The global Polyols and polyurethane  market report caters to various stakeholders in this industry including investors, suppliers, global polyols and polyurethane  manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analysing the global Polyols and polyurethane  market

Detailed Segmentation:

  • Global Polyols and polyurethane  Market, By Type:
    • Polyether Polyols
    • Polyester Polyols
  • Global Polyols and polyurethane  Market, By Application:
    • Flexible Foam
    • Rigid Foam
    • Coatings
    • Adhesives & Sealants
    • Elastomers
  • Global Polyols and polyurethane  Market, By Region:
    • North America
      • By Type
        • Polyether Polyols
        • Polyester Polyols
      • By Application
        • Flexible Foam
        • Rigid Foam
        • Coatings
        • Adhesives & Sealants
        • Elastomers
    • Europe
      • By Type
        • Polyether Polyols
        • Polyester Polyols
      • By Application
        • Flexible Foam
        • Rigid Foam
        • Coatings
        • Adhesives & Sealants
        • Elastomers
    • China
      • By Type
        • Polyether Polyols
        • Polyester Polyols
      • By Application
        • Flexible Foam
        • Rigid Foam
        • Coatings
        • Adhesives & Sealants
        • Elastomers
    • Rest of Asia Pacific
      • By Type
        • Polyether Polyols
        • Polyester Polyols
      • By Application
        • Flexible Foam
        • Rigid Foam
        • Coatings
        • Adhesives & Sealants
        • Elastomers
    • Latin America
      • By Type
        • Polyether Polyols
        • Polyester Polyols
      • By Application
        • Flexible Foam
        • Rigid Foam
        • Coatings
        • Adhesives & Sealants
        • Elastomers
    • Rest of the World
      • By Type
        • Polyether Polyols
        • Polyester Polyols
      • By Application
        • Flexible Foam
        • Rigid Foam
        • Coatings
        • Adhesives & Sealants
        • Elastomers
  • Company Profiles
    • BASF SE
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Bayer MaterialScience AG
    • Chemtura Corporation
    • COIM
    • Dow Chemical Company
    • I. du Pont de Nemours & Company (DuPont)
    • Hebei Cangzhou Dahua Group Corporation Ltd.
    • Huntsman Corporation
    • Kumho Mitsui Chemicals Incorporation
    • Mitsui Chemicals Inc.

 “*” marked represents similar segmentation in other categories in the respective

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • Key Developments
  4. Global Polyols and Polyurethane Market- Impact of Coronavirus (Covid-19) Pandemic
    • Overview
    • Factors Affecting Global Polyols and Polyurethane Market– COVID-19
  5. Global Polyols and Polyurethane Market, By Type, 2017 - 2027 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Polyether Polyols
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Polyester Polyols
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 – 2027
  6. Global Polyols and Polyurethane Market, By Application, 2017 - 2027 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Flexible Foam
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Rigid Foam
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 – 2027
    • Coatings
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 – 2027
    • Adhesives & Sealants
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Elastomers
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
  7. Global Polyols and Polyurethane Market, By Region, 2017- 2027 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2020 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Type, 2017- 2027 (US$ Million & Kilo Tons)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Type, 2017- 2027 (US$ Million & Kilo Tons)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
    • China
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Type, 2017- 2027 (US$ Million & Kilo Tons)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
    • Rest of Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Type, 2017- 2027 (US$ Million & Kilo Tons)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Type, 2017- 2027 (US$ Million & Kilo Tons)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
    • Rest of the World
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Type, 2017- 2027 (US$ Million & Kilo Tons)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
  8. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • BASF SE
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Bayer Material Science AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Chemtura Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • COIM
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Dow Chemical Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • I. du Pont de Nemours Comapany (Dupont)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Hebei Cangzhou Dahua Group Corporation Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Huntsman Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Kumho Mitsui Chemicals Incorporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact
FAQgrowicon

Frequently Asked Questions

The market for global polyols and polyurethane is forecast to surpass US$ 44,068.1 million by 2027 witnessing a CAGR of 7.3% between 2020 and 2027.
Strong growth in the furniture and interiors industry is primarily fueling the market growth of the polyols and polyurethane.
The growing popularity of the polyurethane coatings as they offer UV protection to a wide range of structures is augmenting the market growth of polyols and polyurethane.
Strict rules and regulations associated with the production of the polyurethane are expected to inhibit the market growth.
Major players operating in the market include BASF SE, Bayer Material Science AG, Chemtura Corporation, COIM, Dow Chemical Company, E.I. du Pont de Nemours & Company (DuPont), Hebei Cangzhou Dahua Group Corporation Ltd, Huntsman corporation, Kumlo Mitsui Chemicals Incorporation, and Mitsui Chemicals Inc.
The market was valued around US$ 24,986.9 million in terms of revenue in 2019.
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