(PRWEB) June 25, 2014
The report “Global MDI, TDI and Polyurethane Market” defines and segments the global MDI, TDI, and polyurethanes market with analysis and forecasting of the global revenues for all three products. It also identifies driving and restraining factors for the market with analysis of trends, opportunities, and challenges.
The market segments and revenue are forecasted on the basis of major geographies such as North America, Europe, Asia-Pacific, and Rest of the World (ROW). Further, the market is segmented and revenue is forecasted on the basis of raw materials, applications, and end-uses.
Browse more than 135 market data tables/figures spread through 489 pages and in-depth TOC on “Global MDI, TDI and Polyurethane Market by Type, Applications, Prices, Regulations Trends & Forecasts -2016”.
Polyurethanes are some of the most versatile polymers in existence today. They exist in myriad forms ranging from rigid foams to dense solid compositions and from flexible foams to elastomers. Polyurethanes are commercially available in various forms, ranging from flexible or rigid lightweight foams to tough, stiff, and strong elastomers.
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This enables their use in a wide variety of consumer and industrial applications such as thermal insulation of buildings, refrigerators, household furniture, automotive seating, shoe soles. The volatility in crude oil prices, which have driven prices of MDI and TDI, in recent times, have been a key factor hampering market growth. On the other hand, growth of end-use industries such as construction and electronics is expected to drive polyurethane demand in the next five years.
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The global market for polyurethanes was estimated at 13,650.00 kilo tons in 2010 and is expected to reach 17,946.20 kilo tons by 2016, growing at a CAGR of 4.7%. In terms of revenue, the market was estimated to be worth $33,033.00 million in 2010 and is expected to reach $55,479.68 million by 2016, growing at a CAGR of 6.8%.
North America, Asia-Pacific, and Europe dominate the polyurethane market and together accounted for 95% of the global polyurethane demand in 2010. North America and Western Europe are mature markets and are expected to grow at a sluggish rate. However, Asia-Pacific, Eastern Europe, and South America are expected to drive the demand for polyurethanes in the coming decade.
The furniture and interior industry dominated the polyurethane market, accounting for 28.01% of the total demand in 2010. The second largest end-use of polyurethanes is in construction industry, which accounted for 24.98% of the overall market in 2010. Electronic appliances, however, are the fastest growing market for polyurethanes. Polyurethane demand for electronic appliances is expected to grow at a CAGR of 7.3%.
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