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
The COVID-19 pandemic has led to severe repercussion owing to its widespread effects across several economies. Multiple industries are facing unprecedented economic loss owing to the lockdown announced by the governments across the globe that has resulted in the complete shutdown of businesses. The crippling economy, however, is being revived through collective efforts from the government, as well as the industries and is expected to bounce back in the near future.
Increasing Focus on Innovation to Stimulate Competition
The polyurethane market analysis reveals that competition in this market will be characterized by growing attention of players towards developing innovative products. This will aid them to consolidate their position in the market and widen their product offerings.
Key Question Answered in report:
- Business Opportunities
- Commerce Challenges
- Demand Insights
- CAGR Values
- Historic Analysis
- Detailed Segmentation
- Top Companies Data
- Market Size
- Supply Trend
- Target Audience
- Key Geographies
The global Polyurethane market size is set to hit $87,635.8 million by 2026, exhibiting a CAGR of 6.0% during the forecast period. 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 lifestyle of people living in cities. Polyurethane (PUR or PU) is widely utilized in furniture applications, primarily for cushioning and bedding purposes.
List of Top Players Covered in the Polyurethane Market Report by Fortune Business Insights™:
- Tosoh Corporation
- Eurofoam Group
- Compagnie De Saint-Gobain S.A.
- Mitsui Chemicals and SKC Polyurethanes Inc.
- Lanxess
- BASF
- Huntsman
- Foampartner Group
- Rogers Corporation
- Fxi-Foamex Innovations
- Future Foam, Inc
- Other Players
This will be one of the most prominent polyurethane trends, which will get further augmented by the housing development activities across the world. Moreover, 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.
The value of this market stood at USD 55,205.9 million in 2018, according to the new Fortune Business Insights™ report, titled “Polyurethane Market Size, Share and Industry Analysis, By Product Type (Rigid Foam, Flexible Foam, Molded Foam, Elastomers, Adhesives and Sealants, Coatings, and Others), By Application (Furniture, Construction, Electronics, Automotive and Transportation, Packaging, Footwear, and Others), and Regional Forecast, 2019-2026”. In addition to this, the report provides the following information:
- A thorough evaluation of the industry trends that will influence the overall development of the market;
- A detailed research into how various drivers and factors will shape the future of this market; and
- An exhaustive analysis of the competitive dynamics and regional aspects within the market.