Global MDI, TDI, and Polyurethane Market (2021 to 2026) - Increasing Demand for Bio-Based Polyurethane Presents Opportunities

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:

1 Introduction

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
5.1 Introduction
5.2 Market Dynamics of MDI, TDI, and Polyurethane Market
5.2.1 Drivers
5.2.1.1 Growth in End-use Industries
5.2.1.2 Compliance with Energy Regulations
5.2.1.3 Environment Sustainability Needs
5.2.1.4 Versatility and Unique Properties
5.2.2 Restraints
5.2.2.1 Toxicity and Environmental Concerns
5.2.2.2 Stringent Regulations by the Governing Bodies
5.2.2.3 Eco-Friendly Substitutes
5.2.3 Opportunities
5.2.3.1 Phosgene-Free MDI Production
5.2.3.2 Increasing Demand for Bio-Based Polyurethane
5.2.4 Challenges
5.2.4.1 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
11.1.1.1 Business Overview
11.1.1.2 BASF SE: Company Overview
11.1.1.3 Products Offered
11.1.1.4 BASF SE: Recent Developments
11.1.1.5 BASF SE: New Product Launch
11.1.1.6 Winning Imperatives
11.1.1.7 Current Focus and Strategies
11.1.1.8 Threat from Competitors
11.1.1.9 Right to Win
11.1.2 The Dow Chemical Company
11.1.2.1 Business Overview
11.1.2.2 The Dow Chemical Company: Company Overview
11.1.2.3 Products Offered
11.1.2.4 The Dow Chemical Company: Recent Developments
11.1.2.5 Winning Imperatives
11.1.2.6 Current Focus and Strategies
11.1.2.7 Threat from Competitors
11.1.2.8 Right to Win
11.1.3 DuPont De Nemours, Inc.
11.1.3.1 Business Overview
11.1.3.2 DuPont De Nemours, Inc.: Company Overview
11.1.3.3 Products Offered
11.1.3.4 DuPont De Nemours, Inc.: Recent Developments
11.1.3.5 Winning Imperatives
11.1.3.6 Current Focus and Strategies
11.1.3.7 Threat from Competitors
11.1.3.8 Right to Win
11.1.4 Huntsman Corporation
11.1.4.1 Business Overview
11.1.4.2 Huntsman Corporation: Company Overview
11.1.4.3 Products Offered
11.1.4.4 Huntsman Corporation: Recent Developments
11.1.4.5 Winning Imperatives
11.1.4.6 Current Focus and Strategies
11.1.4.7 Threat from Competitors
11.1.4.8 Right to Win
11.1.5 Covestro AG
11.1.5.1 Business Overview
11.1.5.2 Covestro AG: Company Overview
11.1.5.3 Products Offered
11.1.5.4 Covestro AG: Recent Developments
11.1.5.5 Winning Imperatives
11.1.5.6 Current Focus and Strategies
11.1.5.7 Threat from Competitors
11.1.5.8 Right to Win
11.1.6 Lanxess AG
11.1.6.1 Business Overview
11.1.6.2 Lanxess AG: Business Overview
11.1.6.3 Products Offered
11.1.6.4 Lanxess AG: Recent Developments
11.1.6.5 Winning Imperatives
11.1.6.6 Current Focus and Strategies
11.1.6.7 Threat from Competitors
11.1.6.8 Right to Win
11.1.7 Mitsui Chemicals Inc.
11.1.7.1 Business Overview
11.1.7.2 Mitsui Chemicals Inc.: Company Overview
11.1.7.2.1 Products Offered
11.1.7.3 Mitsui Chemicals Inc.: Recent Developments
11.1.7.4 Winning Imperatives
11.1.7.5 Current Focus and Strategies
11.1.7.6 Threat from Competitors
11.1.7.7 Right to Win
11.1.8 Wanhua Chemicals Group Co. Ltd.
11.1.8.1 Business Overview
11.1.8.2 Wanhua Chemicals Group Co. Ltd.: Company Overview
11.1.8.3 Products Offered
11.1.8.4 Wanhua Chemicals Group Co. Ltd.: Recent Developments
11.1.8.5 Winning Imperatives
11.1.8.6 Current Focus and Strategies
11.1.8.7 Threat from Competitors
11.1.8.8 Right to Win
11.1.9 Woodbridge Foam Corporation
11.1.9.1 Business Overview
11.1.9.2 Woodbridge Foam Corporation: Company Overview
11.1.9.3 Products Offered
11.1.9.4 Woodbridge Foam Corporation: Recent Developments
11.1.9.5 Right to Win
11.1.10 Chematur Engineering AB
11.1.10.1 Business Overview
11.1.10.2 Chematur Engineering AB: Company Overview
11.1.10.3 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
11.2.7 Recticel
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
12.1 Introduction
12.2 Limitations
12.3 Plastic Antioxidants Market
12.3.1 Market Definition
12.3.2 Market Overview
12.4 Polyurethane Dispersions Market, by Region
12.4.1 APAC
12.4.2 Europe
12.4.3 North America
12.4.4 Middle East & Africa
12.4.5 South America

13 Appendix

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