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Report World - Polyurethanes in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

World - Polyurethanes in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Global Polyurethanes Market 2024

Polyurethanes Market Size

In 2021, the global polyurethanes market increased by 4.5% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the global market remained at a somewhat lower figure.

Polyurethanes Production

In value terms, polyurethanes production expanded significantly to $X in 2021 estimated in export price. Over the period under review, the total production indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -27.0% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 36% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, global production growth failed to regain momentum.

Polyurethanes Exports

Exports

In 2021, overseas shipments of polyurethanes in primary forms were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +3.6% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 12%. Over the period under review, the global exports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, polyurethanes exports surged to $X in 2021. The total export value increased at an average annual rate of +4.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) and China (X tons) represented roughly 34% of total exports in 2021. Italy (X tons) ranks next in terms of the total exports with a 9.2% share, followed by the United States (8.7%), Taiwan (Chinese) (5.2%) and the Netherlands (5%). Belgium (X tons), South Korea (X tons), Spain (X tons), France (X tons), Singapore (X tons), Japan (X tons) and the UK (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by China (with a CAGR of +14.9%), while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest polyurethanes supplier worldwide, comprising 22% of global exports. The second position in the ranking was taken by China ($X), with a 9.9% share of global exports. It was followed by the United States, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value in Germany stood at +4.3%. In the other countries, the average annual rates were as follows: China (+14.0% per year) and the United States (+2.9% per year).

Export Prices by Country

In 2021, the average polyurethanes export price amounted to $X per ton, growing by 17% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.6%), while the other global leaders experienced more modest paces of growth.

Polyurethanes Imports

Imports

In 2021, supplies from abroad of polyurethanes in primary forms was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyurethanes imports surged to $X in 2021. The total import value increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of polyurethanes imports in 2021 were China (X tons), India (X tons), Germany (X tons), Vietnam (X tons), Italy (X tons), the United States (X tons), Mexico (X tons), France (X tons), Russia (X tons), Spain (X tons), Indonesia (X tons) and the Netherlands (X tons), together accounting for 52% of total import. Canada (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +18.8%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest polyurethanes importing markets worldwide were China ($X), Germany ($X) and Vietnam ($X), with a combined 23% share of global imports. These countries were followed by the United States, Italy, India, Mexico, France, Canada, the Netherlands, Russia, Spain and Indonesia, which together accounted for a further 33%.

India, with a CAGR of +16.0%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average polyurethanes import price stood at $X per ton in 2021, with an increase of 15% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China remains the largest polyurethanes consuming country worldwide, accounting for 22% of total volume. Moreover, polyurethanes consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with an 8.2% share.
The country with the largest volume of polyurethanes production was China, accounting for 23% of total volume. Moreover, polyurethanes production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. Belgium ranked third in terms of total production with an 8.4% share.
In value terms, Germany remains the largest polyurethanes supplier worldwide, comprising 25% of global exports. The second position in the ranking was occupied by the United States, with an 11% share of global exports. It was followed by Italy, with a 9.1% share.
In value terms, China, Germany and Vietnam appeared to be the countries with the highest levels of imports in 2021, together comprising 22% of global imports. These countries were followed by the United States, Italy, India, Mexico, Canada, the Netherlands, France, Russia, the UK and Spain, which together accounted for a further 35%.
The average polyurethanes export price stood at $4,080 per ton in 2021, with an increase of 12% against the previous year.
The average polyurethanes import price stood at $3,924 per ton in 2021, increasing by 11% against the previous year.

This report provides an in-depth analysis of the global polyurethanes market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20165670 - Polyurethanes, in primary forms

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

BASF SE, Covestro AG, DowDuPont, Huntsman International LLC, Recticel NV, Polyurethane Products Corp., FallLine Corp., BJB Enterprises, Weaver Industries, Redwood Plastics and Rubber, New Process Fibre Company, Applied Plastics Co., Griff Paper & Film, E&T Plastics Mfg. Co., RubberMill, Century Rubber Co., All Foam Products Co., Aero Rubber Co., Colorado Molded Products Co., Elliott Co., CGR Products, Ace Rubber Products, Urethane Technology Co, SNP, Bailey-Parks Urethane, E-A-R Aearo Technologies LLC, UFP Technologies, Covestro LLC, Meyer Plastics, Thieme Corporation, Walton Plastics, ComPlex Plastics, SAS Industries, Enbi, Huntsman, Exothermic Molding, Uniflex

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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