Global Polyurethane Market - Products, Coatings, Chemicals Industry Analysis, Size, Share, Growth, Trends, Forecast (2014-202...
03 July 2015 - 4:02AM
PR Newswire (US)
NEW YORK, July 2, 2015 /PRNewswire/ -- Polyurethane is
polymer made from monomer units of urethane (carbamate).
Polyurethanes are versatile material which can converted in various
forms such as thermosetting plastics, thermoplastics and synthetic
rubber (elastomer). Most of polyurethanes are thermosetting
plastics which do not melt when heated. Most commonly polyurethanes
are made by the reaction of polyol and polyisocyanate. Commercially
methylene diphenyl diisocyanate (MDI) and diisocyanate (TDI) are
used for production of polyurethanes. Different types of
polyurethanes are available in the market such as flexible
polyurethane foam, rigid polyurethane foam, thermoplastic
polyurethanes and polyurethane binders for variety of applications
such as Automotive, building & construction, Footwear,
furniture & bedding, Electronics and many other
applications.
Raw materials used for the production of polyurethanes are polyol
and isocynates. These materials are petrochemicals which are
derived from the crude oil. TDI and MDI are the commonly used
Isocynates in the market.
There are many big players who are into the MDI, TDI and polyol
market such as BASF, Bayer, Dow Chemicals, Sadara group and many
more. Supply of raw material is a factor for the production of
polyurethanes. In the market there is oversupply of the raw
materials therefore the market is competitive. Asia Pacific is the largest supplier of raw
material for the production of polyurethanes. There is no issue
with supply of the raw material however the price of raw material
is not stable due to fluctuation in crude oil price. These raw
materials are derived from the crude oil therefore the fluctuation
in oil price is a big concern here.
The two major application areas that show significant benefits in
terms of energy efficiency from polyurethane are construction and
transportation. In building and construction use of Polyurethane in
polyurethane roof and wall insulation, wall and window insulation
and pipe insulation ensures that temperatures are maintained. Use
of Polyurethane in cars and trucks leads to a reduction in vehicle
weight, and therefore provides greater fuel economy. Polyurethane
thermal insulation in refrigerators, freezers, water heaters and
other such appliances, requires less energy to power these
units.
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