According to
a new market report published by Lucintel, the future of the global MDI based polyurethane market is positive with opportunities in building and construction, appliance,
transportation, furniture and bedding, footwear, packaging, and general &
industrial engineering industries. The global MDI based polyurethane market is expected to reach an estimated
$22.9 billion by 2023 and it is forecast
to grow at a CAGR of 4.0% from 2018 to 2023. The major driver for growth in
this market is increasing demand for higher
thermal insulating materials in building and construction, home appliances, and
transportation sectors.
In this market, MDI based polyurethane is used
to manufacture rigid foam, flexible foam, coatings, adhesives & sealants,
and elastomers applications. On the basis of
comprehensive research, rigid foam is expected to be the largest application
by value and volume over the forecast period because of growing demand of PU foam in building & construction and
appliances industries for thermal insulation and energy savings. Lucintel
projects that the elastomer application will witness the highest growth during the forecast period due to increasing demand for MDI
based polyurethane in footwear and industrial end uses.
Within this market, building and construction
will remain the largest end use by value and volume due to increasing demand of rigid foam for thermal and acoustic insulation
in exterior and interior walls. Lucintel
predicts that the demand for footwear end use
is likely to experience the highest growth in the forecast period due to increasing
demand for athletic footwear.
Asia Pacific (APAC) is expected to remain the
largest region by value and volume and is also expected to experience the
highest growth over the forecast period due to growing investment in building
and construction, and increasing production of automotive and appliances.
Emerging trends, which have a direct impact
on the dynamics of the industry, include
the development of high flame retardant PU foam and biobased MDI. Wanhua
Chemical, BASF, Covestro, Huntsman, and DowDupont are among the major suppliers
of the MDI based polyurethane market.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed growth opportunities in the
global MDI based polyurethane market by application, end use industry, and
region. Lucintel has prepared a comprehensive research report entitled “Growth
Opportunities in the Global MDI based Polyurethane Market 2018-2023: Trends,
Forecast, and Opportunity Analysis.” The
Lucintel report serves as a catalyst for
growth strategy as it provides a comprehensive data and analysis on trends, key
drivers, and directions. The study includes a forecast for the global MDI based polyurethane market by application, end use industry and region as follows:
By Application (Volume (M lbs) and $M shipment analysis for
2012 to 2023):
- Rigid Foam
- Flexible Foam
- Coating
- Adhesive and Sealant
- Elastomer
By End Use
Industry (Volume (M lbs)
and $M shipment analysis for 2012 to 2023):
- Building
and Construction
- Appliance
- Transportation
- Furniture
and Bedding
- Footwear
- Packaging
- General/
Industrial Engineering
- Others
By Region (Volume (M lbs) and $M shipment analysis for
2012 to 2023):
·
North America
·
Europe
·
Asia Pacific
·
The Rest of the World
By
Country ((Volume (M lbs) and $M
shipment analysis for 2012 to 2023):
- United States of America
- Canada
- Mexico
- Germany
- France
- UK
- Italy
- Spain
- China
- India
- Japan
- South Korea
- Brazil
This
197 page research report will enable you
to make confident business decisions in this globally competitive marketplace.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or
helpdesk@lucintel.com. Lucintel
offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Capital Investment Analysis.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates winning strategies for growth. It
offers market assessments, competitive analysis, opportunity analysis, growth
consulting, M&A, and due diligence services to executives and key
decision-makers in a variety of industries. For further information, visit
www.lucintel.com.
This
report answers following 11 key
questions:
Q.1 What are some of the most promising
potential, high-growth opportunities for the global MDI based polyurethane market
by application (rigid foam, flexible foam, coating, adhesive and sealant and
elastomer), end use industry (building and construction, appliance,
transportation, furniture and bedding, footwear, packing, general/ industrial
engineering and others), region (North America, Europe, Asia Pacific, and the
Rest of the World) and By country (USA, Canada, Mexico, Germnay, UK, France, Italy, Spain, China, India, Japan, South Korea
and Brazil)?
Q.2 Which segments will grow at a faster pace
and why?
Q.3 Which regions will grow at a faster pace
and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to
the market?
Q.6 What are emerging trends in this market
and the reasons behind them?
Q.7 What are some changing demands of
customers in the market?
Q.8 What are the new developments in the
market? Which companies are leading these developments?
Q.9 Who are the major players in this market?
What strategic initiatives are being implemented by key players for business
growth?
Q.10 What are some of the competitive products
and processes in this area and how big of a threat do they pose for loss of
market share via material or product substitution?
Q.11 What M & A activities have taken
place in the last 5 years in this market?
