Jun 16,2021/IndustryNewsGlobal/ The unexpected shifts in the globalmarkets because of the sudden outbreak of the COVID-19 virus have brought manymajor and minor tremors to industries of all sizes including the PolyurethaneResin Market.
It was estimated prior to this unanticipatedoutbreak that the Polyurethane Resin Market was expected to grow at a CAGR of 6.2% during the forecastperiod. However, the gradual slowing down of industries will undoubtedly imposelimits on the previously estimated growth rate.
Polyurethane (PUR and PU) is apolymer composed of organic units joined by carbamate (urethane) links posingunique properties such as short cycle time, high toughness, and flexibility.
Polyurethane resins aremanufactured by using various processes such as pultursion, reaction injectionmolding, injection molding, resin transfer molding, filament winding, and spray up process and are used in various end-use industries, such as transportation, construction, and others.
This report studies the marketcovering a period of 12 years of trend and forecast. The report providesdetailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the end-use industrytype, the market is segmented as transportation, construction and others. The transportation segment is expected togovern the market owing to the increase in use of lightweightmaterial to increase fuel efficiency and reduce carbon emissions.
Based on the manufacturingprocess type, the polyurethane resin market is segmented as pultursion,reaction injection molding, injection molding, resin transfer molding, filament winding, and spray up process. Thepultursion process dominates the market, as there is an increasingdemand for pultruded products in construction applications, such as window frame, cladding panels and shipping pallets.
In terms of regions, North America is estimated to be the largestas well as the fastest-growing market for polyurethane resin duringthe forecast period, with China, Japan, Australia, and New Zealand being themajor countries with lucrative growth opportunities. The growth of the region’s market is driven by the growth of various end-use industries, such as transportation and construction, which is generating huge demand for PU resins and the presence of a large number of polyurethane resin manufacturers in the region. Asia-Pacific and Europe are also expected to offer substantial growth opportunities during the forecast period.
Key Players:
- Some of the major players inthe Polyurethane Resin Market are-
- Covestro AG
- BASF SE
- Henkel AG
- Koninklijke DSM N.V.
- Dow Polyurethane
- Huntsman Corporation
- DuPont
- Wanhua Chemical Group Co.
- Shanghai Dongda Polyurethane
- Qingdao Xinyutian Chemical.
- Features of the Report
This report offers high-qualityinsights and is the outcome of detailed research methodology comprisingextensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Polyurethane Resin Market analysis report discusses the followingheads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
- Browse more links:
