China Polyurethane Market | Growth, Trends and Forecast (2018-2023)
China Polyurethane Market - Segmented by Application, End-user, and Geography - Growth, Trends, and Forecast (2018 - 2023)

PUBLISHED

APR 2018

China Polyurethane Market - Segmented by Application, End-user, and Geography - Growth, Trends, and Forecast (2018 - 2023)

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China Polyurethane market is estimated to register a significant CAGR during the forecast period. Building and Construction is expected to be the largest end-user segment. The advent of bio polyurethane acts as one of the major opportunities for the market.

Growing Demand from Construction Industry is Set to Propel Growth of the Market

Polyurethane-based foams are used as insulating materials in homes, refrigerators, and many other uses. Insulating foams made help consumer save on their heating and cooling costs. The building industry is by far the largest consumer of rigid and spray polyurethane foam. With rising number of building codes that promote energy-efficient structures, homebuilders and consumers are gradually moving toward building strategies that deliver performance and energy savings in the long run. China, which was recently suffering a slump in its construction industry, is expected to recover in the next few years and should grow at a rate of more than 3.8% annually through 2021, thus increasing the demand for the polymer.

Elastomer Application is Expected to be the Fastest Growing Application Segment

PU elastomers are replacing rubber in a diverse range of end-user markets, including footwear (primarily as shoe soles), transportation (including tire fill products, run-flat tires, gaskets, seals, spring aids, and truck bed liners), wheels and tires, construction applications, and machinery (including agitators and parts for the mining and oil & gas markets and cast products, such as bearings, belts, and pulleys). In addition, PU elastomers are extensively used in the construction of running tracks and thermal breaks in metal frame windows. The footwear market is the largest end-user industry.

The footwear industry in China is largest in the world and has been for a long time. It produced 13.1 billion pairs of shoes in 2016, nearly 6 times that of the second in the same ranking, India. Due to the large domestic market, with the presence of the world’s largest population and major exports in all other countries, China’s shoe manufacturing has been on the rise.

                                         

Notable Developments in the Market

  • January 2018: China’s Jiabaijia to build polyurethane auto seating plant
  • November 2018: SKC to build polyurethane facilities in China

Major Players: BASF SE, Wanhua Industrial Group, Tosoh, and ChemChina, amongst others.

Reasons to Purchase this Report

  • To understand the impact of accelerating demand from construction industry on the market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To understand the dominating end-user in the market
  • Countries expected to witness the fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

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1. Introduction

              1.1 Research Phases

              1.2 Study Deliverables

              1.3 Scope of the Report

2. Executive Summary

3. Market Insights

              3.1 Industry Value Chain Analysis

              3.2 Industry Attractiveness – Porter’s Five Forces Analysis

                             3.2.1 Bargaining Power of Suppliers

                             3.2.2 Bargaining Power of Consumers

                             3.2.3 Threat of New Entrants

                             3.2.4 Threat of Substitute Products and Services

                             3.2.5 Degree of Competition

4. Raw Material Analysis

5. Market Dynamics

              5.1 Drivers

                             5.1.1 Growing Demand from the Construction industry

                             5.1.2 Increasing Emphasis on Recycling

              5.2 Restraints

                             5.2.1 Volatile Raw Material Prices

                             5.2.2 Competition from Fiberglass and Polystyrene Foam

              5.3 Opportunities

                             5.3.1 Increasing Demand for Bio-based Polyurethane

                             5.3.2 Other Opportunities

6. Market Segmentation and Analysis (Market Size, Growth, and Forecast)

              6.1 By Application

                             6.1.1 Foams

                                           6.1.1.1 Rigid Foam

                                           6.1.1.2 Flexible Foam

                             6.1.2 Coatings

                             6.1.3 Adhesives & Sealants

                             6.1.4 Elastomers

                             6.1.5 Others

              6.2 By End-user

                             6.2.1 Furniture & interiors

                             6.2.2 Building & Construction

                             6.2.3 Electronics & Appliances

                             6.2.4 Automotive

                             6.2.5 Footwear

                             6.2.6 Packaging

                             6.2.7 Others

7. Future of the Market

8. Competitive Landscape

              8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

              8.2 Market Share Analysis**

              8.3 Strategies Adopted by Leading Players

9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)

              9.1 BASF SE

              9.2 Covestro

              9.3 DowDuPont

              9.4 Huntsman

              9.5 Fangda Group

              9.6 Southeast Electro-Chemical Co Ltd - (SEEC)

              9.7 Sinopec

              9.8 Perstorp

              9.9 SK Innovation

              9.10 Sumitomo

              9.11 OCI

              9.12 IBI Chematur

              9.13 Petroquimica Rio Tercero SA

              9.14 Wanhua Industrial Group

              9.15 Kumho

              9.16 ChemChina

              9.17 Hanwha Group

              *List not exhaustive

10. Disclaimer

**Subject to availability on public domain

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