Polyurethanes Market Update, Analysis, Forecast, 2019 – 2026

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Polyurethanes Market to Accrue Commendable
Proceeds Over 2019-2026
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Global Market Scenario of Polyurethanes Industry

• According to the latest research report published
  by Global Market Insights Inc., polyurethanes
  market size is likely to surpass 93 billion by
  2026.
• Amplifying demand for sustainable plastic
  solutions in automotive and construction sector
  will influence polyurethanes (PU) market outlook
  by 2026.
• Demand for organic and lightweight polymers have
  increased significantly to reduce environmental
  degradation. In addition, government initiatives
  towards infrastructure development are also
  favoring polyurethane market trends.
• Polyurethane offers effective bonding, high
  flexibility, high load bearing capacity, and
  impact resistance, which has escalated adoption
  of polyurethane products globally.
  Polyurethane-based products can enhance aesthetic
  appearance and provide a clean minimalistic look.
  
• Chairs, tables, beds, etc. are being increasingly
  manufactured by using premium quality plastic
  materials due to economic feasibility, which is
  likely to offer momentous growth to polyurethanes
  industry share.

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• Construction sector is generating high growth
  opportunities for PU market owing to the unique
  physical properties and high versatility of the
  product. The material provides great adhesion and
  elasticity to several substrates, including wood,
  concrete, glass, and plastic.
• These foams act as insulation materials in wall
  and roof, insulated doors, windows, and air
  barrier sealants. Polyurethane foam has high
  insulation properties which makes them apt for
  use in construction activities.
• These foams are distinguished by open cell
  construction and have relatively softer feel as
  compared to others. Shifting inclination of
  people towards energy conservation has expanded
  the usage of PU as thermal insulator in
  households.
• Production of auto components, construction
  materials, and footwears leverage load
  resistance, superior adhesiveness, and high tear
  strength of polyurethane elastomers. These
  elastomers are moldable in any shape and are
  lighter than metals, which is likely to drive PU
  industry growth. It can withstand low temperature
  conditions due to its tensile and tear resistant
  properties and lengthen product lifespan.

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360 Industry Analysis

• Asia Pacific polyurethanes market size is likely
  to inflate owing to heightened demand from the
  packaging industry. The industry has been
  increasing the adoption of recyclable and
  sustainable packaging solutions lately. Moreover,
  development of packaging solutions with high
  gloss finish and latest designs with the use of
  PU are on the rise.
• The latest innovations for packaging solutions
  involve the use of recyclable materials,
  especially polyurethane, since they are durable
  and protect delicate products with high
  fragility, thereby fueling polyurethanes industry
  share.
• Europe has been generating high demand for
  lightweight and high-performance sealants
  adhesives owing to stringent regulations towards
  controlling carbon footprint and use of
  fuel-efficient vehicles. Governments in Europe
  and North America have implemented restrictions
  to reduce environmental degradation. This move
  has encouraged industry players to develop
  high-quality plastics to replace traditional
  heavy metals, which is fueling polyurethanes
  market size.
•  

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• Competitive Analysis
• The key PU industry players include Nippon
  Polyurethane Corporation, Huntsman Corporation,
  BASF, and Mitsui Chemicals. These companies have
  been pursuing various strategies, including
  collaborations, product development, flotation,
  and others to strengthen their market foothold.
• For instance, in May 2018, Huntsman Corporation
  rolled out two thermoplastics polyurethanes for
  footwear sector. The advanced polyurethane has
  enhanced slip resistance on wet and dry surfaces.

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