Asia Pacific Polyurethane Market Size & Outlook, 2022-2030
Asia Pacific polyurethane market, 2018-2030 (US$M)
Related Markets
Asia Pacific polyurethane market highlights
- The Asia Pacific polyurethane market generated a revenue of USD 46,577.6 million in 2022.
- The market is expected to grow at a CAGR of 4.4% from 2023 to 2030.
- In terms of segment, other end uses was the largest revenue generating end use in 2022.
- ELECTRICAL & ELECTRONICS is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, Thailand is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 46,577.6 million |
| Market revenue in 2030 | USD 65,783.4 million |
| Growth rate | 4.4% (CAGR from 2022 to 2030) |
| Largest segment | Other end uses |
| Fastest growing segment | ELECTRICAL & ELECTRONICS |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PACKAGING, CONSTRUCTION, ELECTRICAL & ELECTRONICS, AUTOMOTIVE, MEDICAL, OTHER END USES |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 45.1% of the global polyurethane market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 65,783.4 million by 2030.
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Polyurethane Market Scope
Polyurethane Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific polyurethane market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to polyurethane market will help companies and investors design strategic landscapes.
Other end uses was the largest segment with a revenue share of 34.48% in 2022. Horizon Databook has segmented the Asia Pacific polyurethane market based on packaging, construction, electrical & electronics, automotive, medical, other end uses covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is expected to be one of the fastest-growing markets over the forecast period, primarily driven by the high demand from key industries, including automotive, electronics & appliances, packaging, and construction in emerging economies such as China and India. Asia Pacific region is characterized by a large amount of skilled labor at low cost along with easy availability of land.
Shift in the production landscape toward emerging economies, particularly China and India is expected to positively influence market growth over the forecast period. The region is home to several rapidly expanding industries as well, such as construction, automotive, electronics, and others that offer lucrative growth opportunities to PU manufacturers.
Flexible foam is used for cushioning in a variety of consumer and commercial products such as furniture, bedding, carpet cushion, fibers, and textiles. Foams and other PU products are expected to gain significance in the region on account of rising consumer awareness regarding sustainability of lightweight and low-cost PU.
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Target buyers of Asia Pacific polyurethane market databook
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Our clientele includes a mix of polyurethane market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific polyurethane market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific polyurethane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific polyurethane market size, by country, 2018-2030 (US$M)
Asia Pacific Polyurethane Market Outlook Share, 2022 & 2030 (US$M)
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