September 3, 2021 06:23 ET | Source: Research and Market Research and Market

Dublin, September 3, 2021 (GLOBE NEWSWIRE) - ResearchAndMarkets.com has added the report "Polyurethanes: New Technologies and Applications Driving Global Market Growth 2021-2026" to the products of ResearchAndMarkets.com.

The global polyurethane market will grow from 54 billion U.S. dollars in 2021 to 75.3 billion U.S. dollars in 2026, with a compound annual growth rate (CAGR) of 6.9% during 2021-2026.

The North American polyurethane market will grow from USD 15.9 billion in 2021 to USD 21.7 billion in 2026, with a compound annual growth rate of 6.5% during 2021-2026.

The Asia-Pacific polyurethane market will grow from US$18 billion in 2021 to US$25.7 billion in 2026, with a compound annual growth rate of 7.5% during 2021-2026.

The scope of the report includes the overall outlook of the polyurethane market. It examines industry standards, government and industry support, and other key factors related to the success of polyurethane. The report segmented the market into major sub-segments such as materials, types, applications, end users, and regions.

The material type briefly describes the relevant and upcoming technologies covering the qualitative aspects of the market. Provides a detailed overview of these technologies and relevant market data in terms of market size measured in U.S. dollars. The application chapter includes a detailed overview of flexible foams, rigid foams, elastomers, adhesives and sealants, coatings, etc.

This report covers the global polyurethane market and analyzes global market trends. The base year is 2020, and the compound annual growth rate (CAGR) is expected in 2021 and 2026. Sales are expressed in U.S. dollars. The estimated value used is based on the manufacturer's total revenue.

The study also discusses market dynamics, such as drivers, constraints, opportunities and challenges. It also further studies emerging trends and their impact on current and future market dynamics.

Polyurethane materials were originally developed as a substitute for natural rubber during World War II, and they have since been widely used in homes and businesses around the world. Polyurethane is a material popular with consumers due to its excellent performance and durability. The most famous product is polyurethane foam, which is used in furniture, insulation and bedding. Paints and coatings, adhesives, sealants, elastomer fibers and rubber products, such as conveyor rollers, all use polyurethane materials. It shows the economic impact of the value created by its manufacturing activities and the value created by the industry that uses its products to produce its products.

In 2019, with the continuous growth of many terminal industries, the output of polyurethane products and the consumption industry have increased. Furniture and bedding, construction and construction, and automobiles are the industries with the fastest growth in output. Light-duty vehicles are still an important market for polyurethane; however, assembly volumes in 2020 have declined. Paper, clothing and several textile products are still among the struggling industries.

The report includes the impact of COVID-19 on the global economy. The research extends to the entire value chain, from chemical raw material suppliers to their direct customers, and finally to the final producers of consumer and industrial products. The analysis results highlight the contributions of the upstream (supply chain) industry and downstream consumer sectors, as well as the direct contribution of the polyurethane business.

Polyurethane is a plastic that is made by combining polyols (an alcohol with more than two active hydroxyl groups per molecule) with diisocyanates or polymeric isocyanates in the presence of catalysts and additives. Polyurethane is made of a variety of diisocyanates and polyols, and a variety of polyurethane products can be provided to meet the needs of certain end-market applications. Flexible foams, rigid foams, chemical resistant coatings, specialty adhesives and sealants, and elastomers are all examples of polyurethanes. Polyurethane materials are used in various applications throughout the economy. Polyurethane materials (polyols, diisocyanates and additives) and polyurethane products (polyurethane coatings, spandex fibers, basic polyurethane foam products, etc.) constitute the polyurethane business.

Furniture and bedding are the largest market segments for polyurethane in 2020. However, construction and construction and electrical and electronic products are expected to be the fastest-growing market segments between 2021 and 2026. This growth is based on a variety of key factors, such as technological progress, innovation, and the availability of a wide range of polyurethane products for automotive, furniture, electronics, biomedical, footwear, and construction applications. In addition, product launches, expansions, partnerships and agreements will drive growth in the coming years. Other key factors driving the growth of the polyurethane market include favorable government regulations, growing demand in emerging countries, and huge economic growth in major end-user industries such as healthcare, construction, and automobiles.

Chapter 4 Market Segmentation by End Use

Chapter 5 Market Segmentation by Application

Chapter 6 Market Segmentation by Type

Chapter 7 Market Segmentation by Region

Chapter 8 Market Segmentation by Material

For more information about this report, please visit https://www.researchandmarkets.com/r/t4qogs