Opportunities for the MDI based polyurethane market to reach $23,944.4 million by 2024

   September 24, 2019
According to a new market report published by Lucintel, the future of the 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 MDI based polyurethane market is expected to reach an estimated $23,944.4 million by 2024 at a compound annual growth rate (CAGR) of 4.0% over the forecast period from 2019 to 2024. 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.

Browse 94 market data tables and 127 figures spread through 197 pages and in-depth TOC on “MDI based Polyurethane Market"

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In this market, MDI based polyurethane is used to manufacture rigid foam, flexible foam, coatings, adhesives & sealants, and elastomers applications.  On the basis of comprehensive research, 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. Lucintel 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 of rigid foam for thermal and acoustic insulation in exterior and interior walls. Lucintel predicts 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.

Emerging trends, which have a direct impact on the dynamics of the industry, include the development of high flame retardant PU foam and biobased MDI. Wanhua Chemical, BASF, Covestro, Huntsman, and DowDupont are among the major suppliers of the MDI based polyurethane market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the MDI based polyurethane market by application, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the MDI based Polyurethane Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the MDI based polyurethane market by application, end use industry and region as follows:

By Application (Volume (M lbs) and $M shipment analysis for 2013 to 2024):

  • Rigid Foam

  • Flexible Foam

  • Coating

  • Adhesive and Sealant

  • Elastomer

By End Use Industry (Volume (M lbs) and $M shipment analysis for 2013 to 2024):

  • Building and Construction

  • Appliance

  • Transportation

  • Furniture and Bedding

  • Footwear

  • Packaging

  • General/ Industrial Engineering

  • Others

By Region (Volume (M lbs) and $M shipment analysis for 2013 to 2024):

  • North America

  • Europe

  • Asia Pacific

  • The Rest of the World

By Country ((Volume (M lbs) and $M shipment analysis for 2013 to 2024):

  • United States of America

  • Canada

  • Mexico

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • China

  • India

  • Japan

  • South Korea

  • Brazil

This 197-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/mdi-based-polyurethane-market.aspx or helpdesk@lucintel.com.

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Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

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