Albany, NY -- (SBWIRE) -- 01/28/2016 -- Polyurethanes (PU), due to their chemical structure, are suitable to be molded into unusual shapes and enhance the quality of several consumer and industrial products. To maintain temperature uniformity and noise levels, polyurethanes are the preferred choice of builders as insulation material in homes and commercial properties.

As per statistics from the U.S. Department of Energy, heating and cooling make up for almost 56% of total energy consumption in an average American home, the largest energy expense for most American households.

Rigid polyurethane foams are an effective insulation material for roof and wall insulation, doors and air barrier sealants, and insulated windows. The flexible variants of polyurethane are suitable for cushioning purposes for commercial and consumer products.

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The polyurethanes market is broadly divided on four criteria, namely raw material, end use, applications, and geography. Each of the segments are sub-segmented and quantitative analysis of each are presented in the report.

Using industry-centric tools and primary and secondary sources of information, the research report provides comprehensive analysis of the drivers, restraints, and current trends that will influence the future course of the polyurethanes market.

With an exhaustive collection of tables, charts, and graphical representations, the study represents the market's growth trajectory in the years to come.

The research report provides in-depth analysis of national markets, including issues that may have a bearing on the global polyurethanes market. The historical figures presented in the report help predict the growth path for market players to make informed business decisions.

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Overview

The global polyurethanes market stood at US$43.2 billion in 2012. To better understand the structure, elements, and nature of the polyurethanes market, it is examined on four fronts, namely raw material, end use, application, and geography.

By raw material, the market is divided into toluene diisocyanate (TDI) and methylene diphenyl diisocyanate (MDI). Fluctuating prices of these raw materials have been a concern in the polyurethanes market, encouraging vendors to switch to biobased polyurethane.

Application-wise, the polyurethanes market comprises flexible polyurethane foams, elastomers, adhesives and sealants, rigid PU foams, and others. Of all, rigid and flexible polyurethane foams accounted for the largest market share, collectively holding 65% of the market in 2011.

Flexible PU foams find extensive application in automotive seating, bedding, tennis racquet grips, upholstery, and textiles. Increasing disposable incomes and higher demand for lifestyle goods, predominantly in emerging markets, has given a significant thrust to the flexible polyurethane foams segment.

Rigid foams are used for thermal insulation, mainly refrigeration and building insulation. In line with flexible PU foams, increasing lifestyle expenditure, such as on electrical appliances and other convenience appliances, drives demand for rigid PU foams.

Regionally, Asia Pacific holds promise for the global polyurethanes market owing to growing demand from several end-use industries, favorable reforms, and economic development. North America is positioned as a strong competitor on account of novel production technologies and rising inclination for biobased polyurethanes.

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Major Companies Included in the Report

Some of the prominent vendors in the polyurethanes market are Woodbridge Foam Corp., Bayer Material Science, Nippon Polyurethane Industry Co. Ltd., The Dow Chemical Company, BASF, Hebei Cangzhou Dahua Group Corporation Ltd., Foamex Innovations, Huntsman Corporation, Chemtura Corporation, Mitsui Chemical Inc., Recticel S.A., and British Vita Unlimited.

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