Sep 11, 2018   SOURCE: BusinessWire

Global MDI based Polyurethane Market Report 2018: Trends, Forecast and Competitive Analysis 2012-2023 - ResearchAndMarkets.com

The "MDI based Polyurethane Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.

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 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 major driver for growth in this market is increasing demand for higher thermal insulating materials in building and construction, home appliances, and transportation sectors.

Emerging trends, which have a direct impact on the dynamics of the MDI based polyurethane industry, include the development of high flame retardant PU foam and biobased MDI.

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. The research 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 for rigid foam for thermal and acoustic insulation in exterior and interior walls. The researchers predict 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.

Scope of the Report

MDI Based Polyurethane Market by Application (Volume (M lbs) and $M shipment analysis for 2012 to 2023):

  • Rigid Foam
  • Flexible Foam
  • Coating
  • Adhesive and Sealant
  • Elastomer

MDI Based Polyurethane Market 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

Companies Mentioned

  • BASF
  • Covestro
  • Huntsman Corporation
  • Mitsui Chemicals Inc
  • Sadara Chemical Company
  • The Dow Chemical Company
  • Tosoh Corporation
  • Wanhua Chemical Group Co.