Dublin, May 24, 2021 (GLOBE NEWSWIRE) -- The "Global MDI, TDI, and Polyurethane Market by Application (Flexible Foams, Rigid Foams, Paints & Coatings, Elastomers, Adhesives & Sealants), End-use (Construction, Furniture & Interiors, Electronics & Appliances, Automotive, Footwear), and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global MDI, TDI & Polyurethane market is estimated to be USD 77.9 billion in 2021 and is projected to reach USD 105.3 billion by 2026, at a CAGR of 6.2% between 2021 and 2026.
Factors such as compliance with energy regulation, environmental sustainability need, and versatility & unique properties will drive the MDI, TDI & polyurethane market. The major restraint for the market will be toxicity and environmental concern and eco-friendly substitutes. However, increasing demand for bio-based polyurethane will act as an opportunity for the market.
Flexible foam is the largest application for MDI, TDI & polyurethane market in 2020
With flexible polyurethane foams, manufacturers of furniture, bedding, and automotive sectors can address the issues of sustainability and energy conservation more efficiently. Flexible foam is one of the most widely used materials in the bedding & furniture industry. It is mainly used in home & office furniture, bedding, mattresses, pillows, seating, and carpet underlay. Packaging and automotive are other growing end-use industries for flexible foams.
Flexible polyurethane foams help automobile manufacturers with weight reduction, vibration absorption, fuel efficiency, and durability of vehicles. As cushioning materials, flexible polyurethane foams provide support, resiliency, comfort, durability, and handling strength. All of these benefits result in better gas mileage and a more comfortable ride. The demand growth of flexible polyurethane foams is expected to be driven by increasing energy efficiency requirements globally, as the governments and organizations have to comply with international norms and regulations.
Construction is estimated to be the largest end-use industry of Polyurethane market between 2021 and 2026
Polyurethane finds multiple applications in the construction industry. Flexible and semi-rigid foams are used in paints, coatings, and adhesives. These products are extensively used in construction. Rigid foams are widely used as structural and insulation foams in buildings. Construction has the largest share in the polyurethane market. Polyurethane finds high demand for building or remodeling homes, offices, and other buildings. The high demand is backed by its lightweight, ease of installation, durability, reliability, and versatile nature.
The most important application of polyurethane in buildings is insulation. The rigid foam has unique insulating properties that make it ideal for walls and roofs of new homes and remodeling of existing homes. Insulation is usually required in cavity walls, roofs, floors, around pipes, and boilers. Polyurethane is an affordable, durable, and safe method of reducing carbon emissions that lead to global warming. Polyurethane can dramatically reduce heat loss in homes and offices in cold weather. During summer, they play an important role in keeping buildings cool, reducing the need for air conditioning.
APAC is estimated to be the largest MDI, TDI & Polyurethane market during the forecast period, in terms of value and volume
Asia-Pacific is one of the most crucial markets of MDI, TDI, and Polyurethane. In terms of global plastic consumption. Owing to the current economic conditions in mature markets such as the U.S. and Western Europe and rapidly increasing domestic consumption, Asia-Pacific has emerged as the leading produces as well as consumer of MDI, TDI, and polyurethane.
The construction and bedding & furniture sectors of the region have a leading share in the polyurethane market. Transportation, automotive, and footwear manufacturers are setting up or expanding their manufacturing bases in this region to leverage from the low manufacturing cost. China dominates the MDI, TDI, and polyurethane market in Asia-Pacific. The growing construction industry in the country as well as rebound in construction activities are the main drivers for the MDI, TDI, and polyurethane market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the MDI, TDI, and Polyurethane Market
4.2 APAC: MDI, TDI, and Polyurethane Market, by Application and Country
4.3 MDI, TDI, and Polyurethane Market, by Region
4.4 MDI, TDI, and Polyurethane Market, Region vs. Application
4.5 MDI, TDI, and Polyurethane Market Attractiveness
5 Market Overview
5.2 Market Dynamics of MDI, TDI, and Polyurethane Market
18.104.22.168 Growth in End-use Industries
22.214.171.124 Compliance with Energy Regulations
126.96.36.199 Environment Sustainability Needs
188.8.131.52 Versatility and Unique Properties
184.108.40.206 Toxicity and Environmental Concerns
220.127.116.11 Stringent Regulations by the Governing Bodies
18.104.22.168 Eco-Friendly Substitutes
22.214.171.124 Phosgene-Free MDI Production
126.96.36.199 Increasing Demand for Bio-Based Polyurethane
188.8.131.52 Fluctuation in the Prices due to High Cost of Raw Materials and Logistics
5.3 Porter's Five Forces Analysis
5.4 Macroeconomic Indicators
5.5 COVID-19 Impact
5.6 Impact of COVID-19: Customer Analysis
6 Industry Trends
7 MDI, TDI, and Polyurethane Market, by Application
8 Polyurethane Market, by End-use Industry
9 MDI, TDI & Polyurethane Market, by Region
10 Competitive Landscape
11 Company Profiles
11.1 Major Players
11.1.1 BASF SE
184.108.40.206 Business Overview
220.127.116.11 BASF SE: Company Overview
18.104.22.168 Products Offered
22.214.171.124 BASF SE: Recent Developments
126.96.36.199 BASF SE: New Product Launch
188.8.131.52 Winning Imperatives
184.108.40.206 Current Focus and Strategies
220.127.116.11 Threat from Competitors
18.104.22.168 Right to Win
11.1.2 The Dow Chemical Company
22.214.171.124 Business Overview
126.96.36.199 The Dow Chemical Company: Company Overview
188.8.131.52 Products Offered
184.108.40.206 The Dow Chemical Company: Recent Developments
220.127.116.11 Winning Imperatives
18.104.22.168 Current Focus and Strategies
22.214.171.124 Threat from Competitors
126.96.36.199 Right to Win
11.1.3 DuPont De Nemours, Inc.
188.8.131.52 Business Overview
184.108.40.206 DuPont De Nemours, Inc.: Company Overview
220.127.116.11 Products Offered
18.104.22.168 DuPont De Nemours, Inc.: Recent Developments
22.214.171.124 Winning Imperatives
126.96.36.199 Current Focus and Strategies
188.8.131.52 Threat from Competitors
184.108.40.206 Right to Win
11.1.4 Huntsman Corporation
220.127.116.11 Business Overview
18.104.22.168 Huntsman Corporation: Company Overview
22.214.171.124 Products Offered
126.96.36.199 Huntsman Corporation: Recent Developments
188.8.131.52 Winning Imperatives
184.108.40.206 Current Focus and Strategies
220.127.116.11 Threat from Competitors
18.104.22.168 Right to Win
11.1.5 Covestro AG
22.214.171.124 Business Overview
126.96.36.199 Covestro AG: Company Overview
188.8.131.52 Products Offered
184.108.40.206 Covestro AG: Recent Developments
220.127.116.11 Winning Imperatives
18.104.22.168 Current Focus and Strategies
22.214.171.124 Threat from Competitors
126.96.36.199 Right to Win
11.1.6 Lanxess AG
188.8.131.52 Business Overview
184.108.40.206 Lanxess AG: Business Overview
220.127.116.11 Products Offered
18.104.22.168 Lanxess AG: Recent Developments
22.214.171.124 Winning Imperatives
126.96.36.199 Current Focus and Strategies
188.8.131.52 Threat from Competitors
184.108.40.206 Right to Win
11.1.7 Mitsui Chemicals Inc.
220.127.116.11 Business Overview
18.104.22.168 Mitsui Chemicals Inc.: Company Overview
22.214.171.124.1 Products Offered
126.96.36.199 Mitsui Chemicals Inc.: Recent Developments
188.8.131.52 Winning Imperatives
184.108.40.206 Current Focus and Strategies
220.127.116.11 Threat from Competitors
18.104.22.168 Right to Win
11.1.8 Wanhua Chemicals Group Co. Ltd.
22.214.171.124 Business Overview
126.96.36.199 Wanhua Chemicals Group Co. Ltd.: Company Overview
188.8.131.52 Products Offered
184.108.40.206 Wanhua Chemicals Group Co. Ltd.: Recent Developments
220.127.116.11 Winning Imperatives
18.104.22.168 Current Focus and Strategies
22.214.171.124 Threat from Competitors
126.96.36.199 Right to Win
11.1.9 Woodbridge Foam Corporation
188.8.131.52 Business Overview
184.108.40.206 Woodbridge Foam Corporation: Company Overview
220.127.116.11 Products Offered
18.104.22.168 Woodbridge Foam Corporation: Recent Developments
22.214.171.124 Right to Win
11.1.10 Chematur Engineering AB
126.96.36.199 Business Overview
188.8.131.52 Chematur Engineering AB: Company Overview
184.108.40.206 Products Offered
11.2 Start-Up/SMEs Players
11.2.1 Coim S.p.A.
11.2.2 Fix Holdings Inc.
11.2.3 Cangzhou Dahua Group Co. Ltd
11.2.4 Kumho Mitsui Chemicals Inc.
11.2.5 ITWC Inc.
11.2.6 Tosoh Corporation
11.2.8 Shandong Inov Polyurethane Co. Ltd.
11.2.9 Trelleborg AB
11.2.10 Manali Petrochemicals Ltd.
11.2.11 Kuwait Polyurethane Industries Co.
11.2.12 Springfeel Polyurethane Foams Private Limited
11.2.13 Ningbo Best Polyurethane Co. Ltd.
11.2.14 Arian Polyurethane JSC
12 Adjacent & Related Markets
12.3 Plastic Antioxidants Market
12.3.1 Market Definition
12.3.2 Market Overview
12.4 Polyurethane Dispersions Market, by Region
12.4.3 North America
12.4.4 Middle East & Africa
12.4.5 South America
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