Apr 27, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Polyurethane Resin Market.
It was estimated prior to this unanticipated outbreak that the Polyurethane Resin Market is likely to witness an impressive CAGR of 6.2% during the forecast period. The impelling force for the growth of the market is the properties of PU resin having short cycle time, high toughness, and flexibility in comparison to other composites based on vinyl ester and unsaturated polyester resin.
For a more detailed breakdown of the COVID-19 impact on the Polyurethane Resin Market, request a free sample of the report here:
Market Scope & Segmentation
Polyurethane (PUR and PU) is a polymer composed of organic units joined by carbamate (urethane) links posing unique properties such as short cycle time, high toughness, and flexibility.
Polyurethane resins are manufactured by using various processes such as pultursion, reaction injection molding, injection molding, resin transfer molding, filament winding, and spray up process and are used in various end-use industries, such as transportation, construction, and others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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By End-Use Industry Type
Based on the end-use industry type, the market is segmented as transportation, construction and others. The transportation segment is expected to govern the market owing to the increase in use of lightweight material to increase fuel efficiency and reduce carbon emissions.
By Manufacturing Process Type
Based on the manufacturing process type, the polyurethane resin market is segmented as pultursion, reaction injection molding, injection molding, resin transfer molding, filament winding, and spray up process. The pultursion process dominates the market, as there is an increasing demand for pultruded products in construction applications, such as window frame, cladding panels and shipping pallets.
In terms of regions, North America is estimated to be the largest as well as the fastest-growing market for polyurethane resin during the forecast period, with China, Japan, Australia, and New Zealand being the major countries with lucrative growth opportunities. The growth of the region’s market is driven by the growth of various end-use industries, such as transportation and construction, which is generating huge demand for PU resins and the presence of a large number of polyurethane resin manufacturers in the region. Asia-Pacific and Europe are also expected to offer substantial growth opportunities during the forecast period.
Key players operating in the global Polyurethane Resin market are-
- Covestro AG
- BASF SE
- Henkel AG
- Koninklijke DSM N.V.
- Dow Polyurethane
- Huntsman Corporation
- Wanhua Chemical Group Co.
- Shanghai Dongda Polyurethane
- Qingdao Xinyutian Chemical.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Polyurethane Resin analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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