The global polyurethane market is anticipated to grow at a considerable CAGR of 6.9% during the forecast period. Polyurethane, in the form of flexible foam, is one of the most popular materials used in home furnishings such as furniture, bedding, and carpet underlay. As a cushioning material for upholstered furniture, flexible polyurethane foam makes furniture more durable, comfortable, and supportive. The flexible polyurethane foam is recyclable, it is recycled by various methods to remove waste streams and recover the value inherent in the material. The automotive industry is continually progressing toward its sustainability targets, as it addresses consumer preferences and emerging regulations governing Vehicle Interior Air Quality emissions from interior components – including national laws in many countries, new international ISO standards, or policies such as the Circular Cars Initiative EU policy action roadmap.
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For instance, in October 2021, Huntsman launched a new range of low-emission MDI-based foam systems for automotive interiors: the ACOUSTIFLEX LE and RUBIFLEX LE polyurethane product lines. These innovative technologies allow global automotive formulators and foam manufacturers to produce high-performance polyurethane foams, while significantly reducing interior emissions levels to meet OEMs’ requirements.
In June 2021, BASF and Shanghai Harvest Insulation Engineering Co., Ltd made a joint development agreement (JDA) to innovate prefabricated cryogenic pipes using Elastopor Cryo, a polyurethane rigid foam system of BASF. In this agreement, BASF will develop and test, and Harvest will design and produce the prefabricated pipes. In 2021, Coverstro Company announced to increase in the production capacity with the introduction of new plants for polyurethane dispersions in the Shanghai site.
In September 2020, Industrial equipment manufacturer, WEG developed polyurethane W-THANE APA 501 anti-viral coatings for medical applications. This product was strategically launched amid the COVID-19 outbreak to improve the hygiene & safety of industries that WEG serves. These coatings were launched in diversified colors and claim to inactivate 99.9% coronavirus within minutes of contact.
In December 2020, Sika, the global manufacturer of adhesives and sealants for the building sector and automotive industry industrialized a new polyurethane technology and launched into the market under the Purform brand. This innovation brings important benefits for customers: the products have an improved performance profile, are even more enduring, and have a strong sustainability profile.
Market Coverage
Segment Covered-
Regions Covered-
Competitive Landscape- including BASF SE, The Dow Chemical Co., Covestro AG, Huntsman, Yantai Wanhua Polyurethanes Co., Ltd., and others.
Browse the full report description “Global Polyurethanes Market Size, Share & Trends Analysis Report by Raw Material (Toluene Diisocyanate, Methylene Diphenyl Diisocyanate, And Polyols), by Application (Flexible Foam, Rigid Foam, Snuff Coatings, Sealants, Adhesives, Elastomer, and Others), and by End-User (Automobile, Construction Material, Footwear, Furniture and Bedding, Electronics, and Others) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/polyurethanes-market
Key questions addressed by the report
oDeviation from the pre-COVID-19 forecast
oMost affected region and segment
Global Polyurethanes Market Report Segment
By Raw Material
By Application
By End-User
Global Polyurethanes Market Report Segment by Region
North America
Europe
Asia-Pacific
Rest of the World