Polyurethane (PU) Market: Global Outlook And Forecast 2019-2026

The Global Polyurethane Market Size is set to hit USD 87,635.8 million by 2026, exhibiting a CAGR of 6.0% during the forecast period 2019 to 2026

According to the new Fortune Business Insights™ report, titled "Polyurethane Market, Share & Industry Analysis, By Product Type (Rigid Foam, Flexible Foam, Molded Foam, Elastomers, Adhesives & Sealants, Coatings, and Others), By Application (Furniture, Construction, Electronics, Automotive & Transportation, Packaging, Footwear, and Others), and Regional Forecast, 2019-2026".

Increasing demand for furniture from urban areas will be one of the key growth drivers of this market. The furniture industry is rapidly expanding owing to speedy urbanization and a general change in the lifestyle of people living in cities. Polyurethane (PUR or PU) is widely utilized in furniture applications, primarily for cushioning and bedding purposes. This will be one of the most prominent Polyurethane Market trends, which will get further augmented by the housing development activities across the world. Moreover, the construction of commercial spaces will also play an important in fueling the demand for PU, which will augur well for the PUR market during the forecast period.

List of Best Players Covered in the Polyurethane Market Report by Fortune Business Insights™:

• BASF
• The Dow Chemical Company
• Covestro AG
• Yantai Wanhua Polyurethanes Co., Ltd.
• Nitto Denko Corporation
• Huntsman
• Foamcraft, Inc.
• Mitsui Chemicals & SKC Polyurethanes Inc.
• Foampartner Group
• Lanxess
• Eurofoam Group
• Inoac Corporation
• Rogers Corporation
• Recticel
• Future Foam, Inc.
• Tosoh Corporation
• Armacell
• Fxi-Foamex Innovations
• Compagnie De Saint-Gobain S.A.
• Other Key Players

Gain More Insights into the Polyurethane (PU) Market Research Report: https://www.fortunebusinessinsights.com/industry-reports/polyurethane-pu-market-101801

Valuable Properties of PU to Spike Its Adoption in Different Industries

Polyurethane is a type of polymer formed as a result of the reaction between polyols and isocyanate. The Polyurethane Market research highlights the highly useful properties including hardness, electrical insulation, flexibility, resistance to abrasion, and ruggedness under inhospitable weather conditions. The polymer is also available in the form of foams, elastomers, fibers, and surface coatings. These qualities have made PUR a highly demanded commodity across the industrial spectrum.

For instance, this polymer is widely applied in automobiles as it can be converted into foam. In construction, PU is extensively utilized in sealants, adhesives, and coatings. Since these are thriving industries, demand for polyurethane is likely to climb and accelerate the Polyurethane Market growth in the forecast period.

North America to Lead the Pack; Asia Pacific to Hold Major Share

North America generated a revenue of USD 13,504.7 million in 2018 and is, therefore, projected to dominate the Polyurethane Market share. Being one of the largest consumers of PUR owing to prosperous construction and automotive industries, the US will lead the market in North America. Asia-Pacific is slated to hold a sizeable share in the market owing to growth in the construction and furniture industries, mainly in China, where PU is highly utilized. On account of its high shock resistance properties, this polymer is also witnessing rising demand in the expanding automotive and transport industries in Asia-Pacific.

In Europe, advancements in machinery and furniture manufacturing will boost the demand for PUR in the region. Increasing demand for PUR in construction will be the major driver for this market in South America, the Middle East & Africa, with Brazil and Saudi Arabia taking the lead.

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