Reports and Data estimates the global Polyurethane Resin competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Polyurethane Resin during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Dow Chemical Company, Covestro A.G., BASF SE, Huntsman Corporation, Eastman Chemical Company, Mitsui Chemical, Inc., DuPont de Nemours, Inc., Alchemie, Ltd., Shanghai Dongda Polyurethane Co., Ltd., Arakawa Chemical Industries, Ltd., and Perstorp Holdings AB.
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Polyurethane Resin Overview :-
The global polyurethane (PU) resin market size was USD 803.1 Million in 2021 and is expected to register a revenue CAGR of 3.2% during the forecast period. Rising demand for cut and tear resistance resins and increasing adoption of polyurethane resins for wood and floor coatings are factors expected to drive market revenue growth during the forecast period. Increasing usage of these resins for construction purposes and rising adoption of these resins for sealing, compressing, and insulation of circuit boards of electronic products are some other factors expected to boost market revenue growth during the forecast period.
Polyurethane resins are copolymers that are formed when an alcohol named polyol reacts with an isocyanate when proper additives and catalysts are introduced. Polyurethane resin in the US is expected to increase in volume by about 1.0% yearly, till 2024. They are widely used in cars and industrial applications as it provides high gloss coatings which have increased its adoption in such applications. Rising demand for these resins in commercial projects owing to its advantage of not losing thickness when dried is expected to drive revenue growth of polyurethane resin market. Increasing demand for these products for coating applications in architectural and furniture products are some other factors that are projected to increase adoption of polyurethane resins. This is expected to drive revenue growth of the market in near future. These resins have long shelf life after use, dries quickly, and can also be disposed of without any special precautions which are expected to increase its demand in various industrial projects...
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For the purpose of this report Reports and Data has segmented global Polyurethane Resin market on the basis of type, application, and region:
By Resin Type Outlook
· Solvent-Based Resin
· Water-Based Resin
By Application Outlook
· Paints & Coatings
Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
· What is the expected year-on-year growth of the Polyurethane Resin during the forecast period?
· What key trends are expected influence revenue growth of the market going ahead?
· Which region is expected to account for largest revenue share over the forecast period?
· Which key companies are profiled in the report?
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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