Polyurethane Composites Market Statistics - 2027
Polyurethane composites are specialized polymeric materials produced from polyurethane resins. Polyurethane is a category of thermosetting polymer, which is composed of carbamate or urethane links. These polymers are generally produced by the reaction of a polyol with di or triisocyanate. Polyurethane composites have superior characteristics such as high tensile strength, impact resistance and have high thermal stability. Due to these characteristics, polyurethane composites have a wide range of applications in several end-user industries including construction, electronics, automobile, transportation, power & energy, and others.
COVID-19 Scenario analysis:
The global polyurethane composites market has been severely affected by the outbreak of the COVID-19 pandemic all over the world.
- The outbreak of the global pandemic has impacted the construction industry to a great extent. Most of the construction activities across the globe have been brought to a halt as several governments imposed a nationwide lockdown which led to a severe lack of workforce. Since the construction activities are labour intensive jobs, the lack of workmen severely hampered the progress of work and as a result, the demand for polyurethane composites in the construction industry decreased drastically.
- On the other hand, due to the global economic slowdown caused by the pandemic, the demand for automobiles around the world witnessed a significant decline. This made way for significant reduction in the usage of polyurethane composites for the manufacture of body parts of vehicles and for other applications in the automobile sector.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis:
The rapid increase in demand for polyurethane composites in the automobile manufacturing sector for its lighter weight and high mechanical strength drive the growth of the global polyurethane market. The surge in demand for lightweight and fuel efficient vehicles across the globe has led to an increase in demand for these composites in the market. Moreover, the fiberglass polyurethane composites are gaining popularity in the construction industry because of its lighter weight, durability, and resistance to heat and moisture. Several major companies such as Huntsman is also investing in the research and development for innovating and producing more efficient products. The company recently introduced Rimline HC+ polyurethane resin system for its usage in the interiors of the vehicles. This also acts as a major contributing factor for the growth of the global polyurethane market. However, high processing and manufacturing cost of polyurethane composites limit the market growth.
The market in Asia-Pacific region dominates the global polyurethane composite market with the rise in demand for polyurethane composites in the construction and automobile sector of the region. Rapid infrastructural development in the developing nations such as India and China has led to the upsurge in applications for these composites. The market in the North America region is also expected to witness a significant growth due to high requirement of polyurethane composites in the automobile sector in the developed nations such as the U.S.
Key benefits of the report:
- This study presents the analytical depiction of the global polyurethane composites industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global polyurethane composites market share.
- The current market is quantitatively analyzed to highlight the global polyurethane composites market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global polyurethane composites market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the Polyurethane Composites Market research report:
- What are the leading market players active in the polyurethane compositesmarket?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
Polyurethane Composites Market, by Type Report Highlights
| Aspects | Details |
 By Type |
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 By Manufacturing Process |
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 By Industry Vertical |
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 By Region |
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 Key Market Players | BASF SE, Hexcel Corporation, SGL Carbon, Bayer AG, Toray Industries Inc., DOW, Wanhua Chemical Group Co. Ltd., Owens Corning, Sekisui Chemical Co. Ltd. and Huntsman Corporation |
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