Polyurethanes (PU) Market Is Expected To Grow Rapidly Owing To Enhanced Demand For Furniture And Interior Applications Till 2020: Grand View Research, Inc.

Latest Report, “Global Polyurethane (PU) Market Analysis, Size And Segment Forecasts To 2020” is available at Grand View Research database

The global polyurethane market is expected to reach USD 73,607.1 million by 2020, according to a new study by Grand View Research, Inc. Furniture & interior applications dominated the PU market, with demand estimated at 3,991.6 tons in 2013. Increasing usage in automotive and electronic appliances including seat cushioning, interior trims and refrigeration is expected to fuel polyurethane market demand.

Asia Pacific emerged as the largest regional polyurethane market, with demand estimated at 7,352.6 kilo tons in 2013, growing at a CAGR of 5.9% from 2014 to 2020. Increasing construction spending in emerging markets such as China and India is expected to drive the market growth in the region. In addition, strong demand from automotive and electronic applications is also expected to play a key role in market development. Relatively low feedstock pricing in Asia Pacific is expected to be a major benefit for industry participants in terms of production.

Full research report on polyurethane market analysis:
http://www.grandviewresearch.com/industry-analysis/polyurethane-pu-market

Further key findings from the study suggest:

• Global PU market demand was 15,670.6 kilo tons in 2013 and is expected to reach 22,058.4 kilo tons by 2020, growing at a CAGR of 5% from 2014 to 2020.
• Flexible and rigid foams accounted for over 38% and 26% of the market volume in 2013, respectively.
• Automotive applications are expected to be most promising market segment for polyurethanes, growing at an estimated CAGR of 5.3% from 2014 to 2020.
• China was the major consumer of PU in Asia Pacific, accounting for over 25% of the total regional demand in 2013. Strong domestic demand and production capabilities are expected to drive the Chinese polyurethane demand.
• U.S. was the largest consumer of PU in North America and accounted for over 83% of the North American PU market in 2013.
• The global PU market is highly competitive and driven by product innovation and application development. R&D spending in the market is expected to grow over the next six years, with a number of participants focusing on developing bio-based PU solutions.

Request for sample of this research report:
http://www.grandviewresearch.com/industry-analysis/car-dvr-market/request

For the purpose of this study, Grand View Research has segmented the polyurethane market on the basis of product, end-use and region:

• Global PU Market Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)
• Rigid Foam
• Flexible Foam
• Coatings
• Adhesives & Sealants
• Elastomers
• Others

• Global PU End-use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)
• Furniture & Interiors
• Construction
• Electronics & Appliances
• Automotive
• Footwear
• Packaging
• Others

• Global PU Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)
• North America
• U.S.
• Europe
• UK
• Germany
• Italy
• Asia Pacific
• China
• India
• Japan
• RoW
• Brazil

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/electronic-devices

Logo: http://www.abnewswire.com/pressreleases/wp-content/uploads/2015/11/1448018954.jpeg

“Grand View Research, Inc. – Market Research And Consulting.”

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: sales@grandviewresearch.com
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Website: http://www.grandviewresearch.com/industry-analysis/polyurethane-pu-market

Source: ABNewswire

ReleaseID: 44035