The report forecasts the global polyurethane market to grow at a CAGR of 7.41% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Growing demand from electronics industry will be a key trend for market growth. Polyurethane is used as an enclosing material to secure minute components in electronic devices. The material also provides thermal shock resistance and vibration resistance along with resistance to harsh chemicals and water. It offers flexibility in the encapsulating technique as it can be sprayed or injected to the desired set of components. Moreover, polyurethane has a comparatively quick dry time than commonly used resins.
According to the report, increased use of bio-based polyurethane in construction applications will be a key driver for market growth. Growth in global population and rapid urbanization have increased the demand for housing, infrastructure, furniture, and other consumer products. Rigid polyurethane foam is widely used for thermal insulation of walls for buildings, vessels for refrigerated cargo, light-weight products used in construction and automotive applications, pipelines, and cryogenic wind tunnels. These foams are preferred over conventional materials such as fiberglass and mineral wool owing to the relatively higher insulation offered by them. Further, they increase the living space and provide excellent energy efficiency.
Further, the report states that the manufacturing process requires other key raw materials such as blowing agents, surfactants, polyol, and other catalysts. The prices of these materials are also increasing. In addition, the technologies required for manufacturing bio-based thermoplastic polyurethane are costly and sophisticated, thereby posing a challenge to market growth.
- The Dow Chemical Company
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product type
PART 07: Market segmentation by application
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/4p77b3/global
Research and Markets
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SOURCE Research and Markets