세계의 폴리우레탄 시장 : 제품별, 원재료별, 형성별, 용도별, 지역별 분석 및 예측(-2030년)

According to Stratistics MRC, the Global Polyurethane Market is accounted for $80.25 billion in 2024 and is expected to reach $132.91 billion by 2030 growing at a CAGR of 6.4% during the forecast period. Polyurethane is a versatile polymer composed of organic units joined by carbamate (urethane) links. It is formed through the reaction of diisocyanates with polyols, creating a material that can be rigid or flexible, depending on its formulation. Its adaptability allows for customization in hardness, density, and resilience, making it a popular choice in applications ranging from automotive components to consumer goods.

According to OICA, China is the world's largest adhesives manufacturer and exporter, dominating worldwide in 2022.

Market Dynamics:

Driver:

Rapid industrialization and urbanization in emerging economies

As urban areas expand, there is a heightened need for construction materials, including polyurethane for insulation and coatings, enhancing energy efficiency in buildings. The booming automotive industry in these regions drives the demand for lightweight polyurethane components, contributing to improved vehicle performance. Additionally, rising disposable incomes lead to greater consumption of consumer goods, furniture, and appliances that utilize polyurethane. This combined effect of industrial growth and urban development fosters a dynamic environment for polyurethane market expansion.

Restraint:

Volatile raw material prices

Volatile raw material prices in the polyurethane primarily stem from fluctuations in the supply and demand dynamics of key components, such as isocyanates and polyols, which are derived from petrochemical sources. Factors like geopolitical tensions, natural disasters, and changes in oil prices can lead to significant price swings. These fluctuations hamper market growth by increasing production costs for manufacturers, making it challenging to maintain competitive pricing.

Opportunity:

Rising demand for lightweight materials in automotive sector

Manufacturers often strive to enhance fuel efficiency and reduce carbon emissions; polyurethane's lightweight properties make it an ideal choice for various automotive applications. Used in components like seating, insulation, and structural parts, polyurethane contributes to weight reduction without compromising strength or performance. Additionally, its versatility allows for customization in density and rigidity, meeting the specific needs of modern vehicles. This shift towards lightweight materials not only supports regulatory compliance but also enhances overall vehicle performance, driving increased adoption of polyurethane in the automotive industry.

Threat:

Emergence of alternative materials

The emergence of alternative materials, such as thermoplastics, bio-based resins, and natural fibers offers viable substitutes with specific advantages, such as lower environmental impact or improved performance characteristics. These alternatives often cater to the same applications as polyurethane, making it challenging for polyurethane products to compete. This shift can result in decreased market share and sales for polyurethane, limiting its growth potential in various industries.

Covid-19 Impact

The covid-19 pandemic significantly impacted the polyurethane market, causing disruptions in supply chains, manufacturing delays, and fluctuations in demand. While construction and automotive sectors faced downturns, the demand for medical applications, such as protective gear and cushioning materials, surged. Increased focus on hygiene and safety boosted the need for antimicrobial polyurethane products. As economies recover, the market is expected to rebound, with a shift toward sustainable and eco-friendly polyurethane solutions to meet changing consumer preferences and regulatory requirements.

The foam segment is expected to be the largest during the forecast period

The foam segment is predicted to secure the largest market share throughout the forecast period. Polyurethane foam is a versatile material made by combining polyols and isocyanates, resulting in a lightweight and resilient product. The foam exhibits excellent insulation properties, enhancing energy efficiency in buildings and appliances. It also offers superior comfort and durability, making it ideal for furniture, mattresses, and automotive seating. Its adaptability and performance characteristics make polyurethane foam a popular choice across various industries.

The packaging segment is expected to have the highest CAGR during the forecast period

The packaging segment is anticipated to witness the highest CAGR during the forecast period due to its durability, flexibility, and lightweight properties. It is commonly used in protective packaging, such as foam inserts and cushioning materials, to safeguard fragile items during transit. It enhances barrier properties, providing protection against moisture, oxygen, and contaminants, which is crucial for food and pharmaceutical packaging. Its ability to be tailored for specific applications makes polyurethane a preferred choice in the packaging industry, promoting sustainability and reducing material waste.

Region with largest share:

Asia Pacific is expected to register the largest market share during the forecast period driven by rising demand from various sectors, including construction, automotive, furniture, and electronics. Key countries like China, India, and Japan are leading the market due to rapid urbanization, infrastructure development, and a booming automotive industry. The region's expanding middle class and rising disposable incomes further fuel demand for flexible and rigid polyurethane products, making it a vital area for market expansion.

Region with highest CAGR:

North America is projected to witness the highest CAGR over the forecast period propelled by robust demand in the construction, automotive, and furniture industries. The United States and Canada are key contributors, with increasing infrastructure projects. Moreover, the automotive sector's shift and growing consumer preferences for eco-friendly products are also leading to innovations in bio-based polyurethanes. As a result, the region is poised for continued growth and investment in polyurethane applications.

Key players in the market

Some of the key players profiled in the Polyurethane Market include BASF SE, Dow Inc., Covestro AG, Huntsman Corporation, Mitsui Chemicals, Inc., Bayer MaterialScience, INOAC Corporation, Polygroup, Sika AG, Evonik Industries AG, KCC Corporation, Armstrong Flooring Inc., Tosoh Corporation, Foamtech Corporation, Recticel, RAMPF Holding GmbH & Co. KG and Woodbridge.

Key Developments:

In September 2024, Woodbridge announced that it has received the 2024 Polyurethane Innovation Award for its TrimVisible(TM) BIO product. This innovative automotive seating foam combines biogenic carbon from forest residue with polyurethane chemistry, aimed at reducing the global warming potential of seating materials.

In May 2024, Dow Inc. announced a new adhesive and gap filler production line at its Polyurethanes Systems House located in Ahlen, Germany. This strategic expansion is expected to significantly increase the capacity of their VORATRON(TM) product line, which focuses on providing advanced solutions for the assembly of electric vehicle (EV) batteries.

Products Covered:

• Foam
• Coatings
• Adhesives
• Sealants
• Elastomers
• Thermoplastic Polyurethane (TPU)
• Other Products

Raw Materials Covered:

• Polyols
• Diisocyanates
• Blowing Agents
• Catalysts
• Additives
• Other Raw Materials

Formulations Covered:

• Water-based Polyurethane
• Solvent-based Polyurethane
• Oil-based Polyurethane

Applications Covered:

• Furniture & Bedding
• Building & Construction
• Automotive
• Electronics & Appliances
• Footwear
• Packaging
• Textiles & Apparel
• Sports & Leisure
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Polyurethane Market, By Product

• 5.1 Introduction
• 5.2 Foam
• 5.3 Coatings
• 5.4 Adhesives
• 5.5 Sealants
• 5.6 Elastomers
• 5.7 Thermoplastic Polyurethane (TPU)
• 5.8 Other Products

6 Global Polyurethane Market, By Raw Material

• 6.1 Introduction
• 6.2 Polyols
• 6.3 Diisocyanates
• 6.4 Blowing Agents
• 6.5 Catalysts
• 6.6 Additives
• 6.7 Other Raw Materials

7 Global Polyurethane Market, By Formulation

• 7.1 Introduction
• 7.2 Water-based Polyurethane
• 7.3 Solvent-based Polyurethane
• 7.4 Oil-based Polyurethane

8 Global Polyurethane Market, By Application

• 8.1 Introduction
• 8.2 Furniture & Bedding
• 8.3 Building & Construction
• 8.4 Automotive
• 8.5 Electronics & Appliances
• 8.6 Footwear
• 8.7 Packaging
• 8.8 Textiles & Apparel
• 8.9 Sports & Leisure
• 8.10 Other Applications

9 Global Polyurethane Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 BASF SE
• 11.2 Dow Inc.
• 11.3 Covestro AG
• 11.4 Huntsman Corporation
• 11.5 Mitsui Chemicals, Inc.
• 11.6 Bayer MaterialScience
• 11.7 INOAC Corporation
• 11.8 Polygroup
• 11.9 Sika AG
• 11.10 Evonik Industries AG
• 11.11 KCC Corporation
• 11.12 Armstrong Flooring Inc.
• 11.13 Tosoh Corporation
• 11.14 Foamtech Corporation
• 11.15 Recticel
• 11.16 RAMPF Holding GmbH & Co. KG
• 11.17 Woodbridge