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Global Polyurethane sheets Market Insight 2022-01-28 Comments

The Polyurethane sheets is forecast to crazy increase over the next four years. According to the WK-chem Research “Global Polyurethane sheets Professional Survey Report 2022, Forecast to 2027”, With the rapid improvement of manufacturing and the impact of the COVID-19, the Chemistry & Materials industry is developing at an incredible speed. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 5.03% base on WK-chem Research regression analysis model.
Analysts’ Viewpoint:
“Polyurethane sheet made of a versatile elastomer.” said Aggie, Senior analyst, Chemistry & Materials Market Research Center in WK-chem Research. “Increase product flexibility to adapt to the rapid development of the market.”
Market insight:
Polyurethane sheets are organic polymers formed by the reaction of isocyanates with polyols in the presence of catalysts and other additives. Polyurethane sheets are made from a versatile elastomer used in countless applications worldwide, including highly resilient flexible foam seats, rigid foam insulation panels, microcellular foam seals and gaskets, durable elastic wheels and tires, automotive Suspension bushings, electrical potting compounds, seals, gaskets, carpet pads and hard plastic parts, etc., the irreplaceability of products determines its market share and sales.
Polyurethane sheets are made directly into the final product rather than being reshaped and then manufactured. The final properties of the product depend on the initial ingredients. Rising construction activities in various regions, mainly infrastructure projects, are positively impacting the Polyurethane sheets market. Initiatives of various government infrastructure projects are also likely to stimulate the demand for the Polyurethane sheets market.
Competition Landscape:
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Polyurethane sheets companies that include Covestro AG,BASF SE,Huntsman International LLC,Dow Inc.,Mitsui & Co. Plastics Ltd,Tosoh Corporation,RTP Company,Mitsubishi Chemical Corporation,Eastman Chemical Company,DIC Corporation,The Lubrizol Corporation,Woodbridge,Recticel NV/SA,RAMPF Holding GmbH & Co. KG.
Segmentation of Polyurethane sheets Market:
On the basis of type, the Polyurethane sheets market can be classified into coatings, adhesives and sealants, rigid foams, elastomers, flexible foams, and others. Among them, the flexible foam segment leads the global market with the largest market share. This is mainly due to the steady development of the building structure industry. In second place is rigid foam.
Application industries of Polyurethane sheets include packaging, automotive, electronic appliances, construction, furniture, etc. Among them, the construction industry leads the global market with the largest market share. The reasons are on the one hand the relatively stable development of the construction industry, on the other hand the supportive funds provided by governments for infrastructure development, and finally due to the improvement of people’s living standards. The increase in spending has also acted as a catalyst for the market for Polyurethane sheets.
Polyurethane sheets Market: Regional Analysis
In terms of geography, the global Polyurethane sheets market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.The Asia Pacific market has managed to take the lead in the global market. This is mainly attributable to the continued surge in the consumption of Polyurethane sheets and the increasing demand from related industries. Major industry players are shifting their production sectors to fast-growing countries such as China and India, and some governments have introduced relevant preferential policies, all of which have boosted the market share in the Asia-Pacific region.
Cagr: 5.03%
Largest share area:Asia Pacific
Largest share country:China
Product Type(by type):Coatings, adhesives and sealants, rigid foams, elastomers, flexible foams, etc.
Application:packaging, automotive, electronic appliances, construction, furniture, etc.
Leading Company:Covestro AG,BASF SE,Huntsman International LLC,Dow Inc.,Mitsui & Co