Polyurethane Resin Market Report

Market Insights

Polyurethane Resin market is likely to witness an impressive CAGR of 6.2% during the forecast period. The impelling force for the growth of the market is the properties of PU resin having short cycle time, high toughness, and flexibility in comparison to other composites based on vinyl ester and unsaturated polyester resin. 

Segment Analysis

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Polyurethane Resin Market Share: By End-Use Industry Type

Based on the end-use industry type, the market is segmented as transportation, construction and others. The transportation segment is expected to govern the market owing to the increase in use of lightweight material to increase fuel efficiency and reduce carbon emissions.  

Polyurethane Resin Market Share: By Manufacturing Process Type

Based on the manufacturing process type, the polyurethane resin market is segmented as pultursion, reaction injection molding, injection molding, resin transfer molding, filament winding, and spray up process. The pultursion process dominates the market, as there is an increasing demand for pultruded products in construction applications, such as window frame, cladding panels and shipping pallets. 

Polyurethane Resin Market Share: By Region

In terms of regions, North America is estimated to be the largest as well as the fastest-growing market for polyurethane resin during the forecast period, with China, Japan, Australia, and New Zealand being the major 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.

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Market Scope & Segmentation

Polyurethane (PUR and PU) is a polymer composed of organic units joined by carbamate (urethane) links posing unique properties such as short cycle time, high toughness, and flexibility.

Polyurethane resins are manufactured by using various processes such as pultursion, reaction injection molding, 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 market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The polyurethane resin market is segmented into the following categories. 

Polyurethane Resin Market Size, Share, & Forecast, by End-Use Industry Type:

• Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Polyurethane Resin Market Size, Share, & Forecast, by Application Type:

• Door (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Load Floor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Cross Arm (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Manhole Cover (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Sunshade (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Door Panels (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Side Panel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Utility Pole (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Wind Turbine Blade (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Window Blade (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Polyurethane Resin Market Size, Share, & Forecast, by Manufacturing Process Type:

• Pultursion (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Reaction Injection Molding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Injection Molding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Resin Transfer Molding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Filament Winding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Spray up Process (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Polyurethane Resin Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

Some of the major polyurethane resin manufacturers 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.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• 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

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the application types by end-use industry type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].