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Polyurethane: Technologies, Applications and Asia-Pacific Markets

Polyurethane: Technologies, Applications and Asia-Pacific Markets

  • December 2018
  • 54 pages
  • ID: 5666400
  • Format: PDF
  • By BCC Research

Summary

Table of Contents

Report Scope:
This report provides an overview and clear understanding of the Asia-Pacific market for polyurethanes, and includes an analysis of market trends in the region, with market data from 2016.The study considers 2017 as the base year and provides estimates for 2018 and a forecast to 2023.

The estimated values used in the report are based on manufacturers’ total revenues. Projected and forecasted revenue values are in constant U.S. dollars, unadjusted for inflation.

The report discusses the technological, regulatory and economic trends affecting the polyurethane market.It also explains the major drivers, restraints and regional dynamics of the Asia-Pacific polyurethane market and current trends within the industry.

The market is further segmented to focus on major Asia-Pacific countries such as China, India, Japan, South Korea and Singapore, plus the rest of the region. The report concludes with a special focus on the competitive landscape, including the key strategies adopted by the manufacturers and detailed profiles of the major manufacturers in the polyurethane market.

Report Includes:
- 21 data tables and 15 additional tables
- An in-depth overview of the polyurethanes market within the Asia-Pacific region
- Country specific data and analysis for China, Japan, India, Singapore, South Korea and other emerging economies
- Characterization and quantification of market potential for polyurethanes resins by type, end use and other contemporary application both in value and volumetric terms
- Discussion of technological, regulatory, and economic trends that are affecting the polyurethane market
- Brief study of competitive landscape which includes the key strategies adopted by the manufacturers
- Detailed profiles of the major manufacturers in the Asia-Pacific polyurethane market, including BASF SE, INOV Polyurethane Group, Mitsui Chemicals, Tosoh Corp., and VCM Polyurethanes Pvt. Ltd.

Summary
Key characteristics of polyurethanes, such as strength, elasticity, lightweight and corrosion resistance, have enabled manufacturers to develop new products, and PU has provided an alternative to paper, glass and metal.In many cases, the use of plastics in place of other materials has a significant positive effect on sustainable development.

Industries require materials that can help them reduce the weight of their products without compromising quality.

Polyurethane foam is durable and has higher mechanical strength compared to other polymers.Solid polyurethane has the highest specific durability among its peers.

Due to its high mechanical strength, polyurethane can provide insulation and be used in place of metals, such as for automobile parts that provide protection from shocks.

Globally, the Asia-Pacific region is the largest- and fastest-growing market and international players are investing significantly for strategic growth.Cheap labor, the huge customer base and the easy availability of raw materials are the key driving factors contributing to the growth of the polyurethanes market.

Leading automotive players such as Toyota, BMW, Audi and Mercedes-Benz have made significant investments in emerging economies.The Asia-Pacific region has witnessed significant growth in automotive manufacturing, building and construction expansions in recent years.

Major manufacturers such as BASF, Dow and Covestro have invested in and established factories and offices in emerging economies such as Thailand, India and China. Rapidly improving infrastructure and the availability of affordable electricity and skilled labor at competitive rates are key driving forces behind the significant urbanization in emerging economies.

There are many macroeconomic factors impacting the Asia-Pacific market.For example, GDPs in most Asian countries are rising while investment capacity in various regions is also on the increase.

Also, China is expected to become one of the fastest-growing consumer-based markets and there is tremendous growth in the manufacturing sector.The growth of China’s PU industry is a result of higher demand from the automotive, transportation, electronics and construction sectors.

Low-cost Chinese goods such as furniture, footwear and textiles are in high demand in other Asian countries. Chinese companies are also entering more premium segments.

The Asia-Pacific polyurethane market was valued at REDACTED in 2017 and is expected to reach REDACTED by 2023 growing at a CAGR of REDACTED from 2018 to 2023.China accounts for the largest share of the Asia-Pacific region market, followed by Japan.

India is expected to grow at the fastest rate due to the increasing demand for green coatings and low-VO C coatings.

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