Polyurethane Market Scope And Analysis

Polyurethane Market Report Scope

IMPACT OF COVID/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION

The report provides a detailed overview of the global polyurethane market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Industries such as construction, automotive, electronics, and furniture have been the major consumers of polyurethane. In 2020, these industries had to slow down their operations due to disruptions in the value chain caused by the shutdown of national and international boundaries. Moreover, lockdowns imposed by different countries hampered the ability of industries to maintain inventory levels in the same year. The shortage of manpower resulted in the deceleration of polyurethane production and distribution operations. Additionally, government restrictions and other COVID-19 precautions reduced the production capacities of stakeholders in the polyurethane ecosystem. In 2021, the global marketplace began recovering from the losses incurred in 2020 as governments of different countries announced relaxations in social restrictions. Moreover, the previously postponed construction projects are anticipated to resume, which would further provide an opportunity for the polyurethane market players to regain normalcy. Expansion in production capacities in the chemicals & materials industry in different regions of the world resulted in a rise in demand for polyurethane in 2021.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

Some of the key players and top polyurethane manufacturers, operating in the polyurethane market include, Covestro AG, FXI, Huntsman Corporation, Lubrizol Corporation, Mitsui Chemicals Inc, BASF SE, The Dow Chemical Company, DIC Corporation, Recticel NV, and Tosoh Corporation, among others.