Polyurethane Precursor Market Outlook (2023 to 2033)

The Polyurethane Precursor market size is projected to be US$ 46,518.2 million in 2023. The market is likely to exceed US$ 80,216.2 million by 2033 at a CAGR of 5.6% over the projected timeframe. With the growth of the automotive industry, the demand for polyurethane foams has been growing to perform the different functions. The increasing usage of flexible foam in automotive components is anticipated to favor the growth of the polyurethane precursor market, as precursors are crucial for the production of polyurethane and related products.

In the last few years, the demand for Polyurethane related products has witnessed significant growth owing to their increased consumption. They offer advantageous properties over other polymeric materials, hence are widely used in end use industries.

Other Drivers Propelling the Demand include:

  • Surging demand for flexible foams from automotive industry.
  • Growing demand from the construction and coating industry.
  • Increasing demand for packaging solutions owing to the booming consumer goods and e-commerce industry.
  • Technological advancements in polyurethane chemistry and product innovation coupled with customization.

Challenges for Companies /Manufacturers in the Market:

  • The Volatility in the prices of raw materials or precursors is one of the key challenge for the key manufacturers. Variations in the prices, availability and other market dynamics can create a hindrance in the industry.
  • The polyurethane industry and related products come under regulations. Restrictions on the usage of certain key raw materials, byproduct disposal, waste management, other potential hazards such as VOC emissions and other chemicals, may impact the market growth.

Opportunities in the Industry:

  • New and emerging applications for the Polyurethane Precursors Market may bring brighter growth prospects, which will help market to gain substantial amount of benefit. The expansion of applications of precursors in new industries such as healthcare, aerospace, renewable energy and others, is anticipated to promote the growth of the market and pave new growth paths.

Latest Trends in the Market:

  • Increasing focus is on the sustainability and recycling approach. Some of the key players are focusing on the recycling and circular economy principles to manage the waste management and disposal.
  • A shift towards bio-based and renewable materials to produce polyurethane related products. Utilization of bio-based products in the manufacturing processes to meet the sustainability goals.
Attributes Details
Market Size (2023) US$ 46,518.2 million
Market Projected Size (2033) US$ 80,216.2 million
Value CAGR (2023 to 2033) 5.6%

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2018 to 2022 Demand Outlook Compared to 2023 to 2033 Forecast

From 2018 to 2022, the global market experienced a CAGR of 4.7%, reaching a market size of US$ 46,518.2 million in 2023.

During the historical period, market witnessed a sluggish growth as automobile industry was completely on halt as a result of pandemic. As the automotive industry is the key consuming industry for polyurethane related products, the market also witnessed less demand. As the pandemic curve started to flatten in year 2021-2022, the market bounced back to the growth path. The market grew at a tremendous growth rate during the recovery phase and surge in demand was witnessed.

Future Forecast for Polyurethane Precursor Industry

Looking ahead, the global industry is anticipated to rise at a CAGR of 5.6% from 2023 to 2033. During the projected time period, the market size is expected to reach US$ 80,216.2 million.

During the projected timeframe, the market is anticipated to witness a significant growth owing to the increased demand from the end use industries including construction, packaging, automotive and others. Countries of East Asia and South Asia Pacific, are expected to grow at a tremendous growth rate over the forecast period, owing to the considerable factors such as growing population, expansion of the end use industries, availability of raw materials, workforce, favorable manufacturing conditions and so on.

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Nikhil Kaitwade

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Country-Wise Insights

Polyurethane Precursor: Expansion of the Automotive Industry, Fueling Growth in the U.S. Market

Country The United States
Market Size (US$ million) by End of Forecast Period (2033) US$ 11,727.6 million
CAGR % 2023 to End of Forecast (2033) 4.8%

The industry in the United States is expected to reach around US$ 11,727.6 million by 2033, expanding at a CAGR of 4.8%. The U.S. market has experienced substantial growth in recent years. The expansion of automotive industry is expected to drive the demand for polyurethane precursors and related products in the U.S. The United States has one of the largest automotive industry. As the industry continues to grow, the demand for polyurethane-base products will witness a significant upswing.

Polyurethane foam, coatings, elastomers all are used in vehicles for their exceptional qualities. Hence, the growth of the automotive industry is a key driving factor for the polyurethane precursor market.

Polyurethane Precursor: Transforming the Indian Polyurethane Industry with the expansion in End Use Industries

Country India
Market Size (US$ million) by End of Forecast Period (2033) US$ 3,593.7 million
CAGR % 2023 to End of Forecast (2033) 5.9%

The industry in India is expected to touch US$ 3,593.7 million, expanding at a CAGR of 5.9% during the forecast period. The Indian Polyurethane Industry is gaining significant traction from the expansion of the end use industries. India’s booming construction, furniture and automotive industries are boosting the sales of polyurethane products, which is benefitting the precursors market, as they are crucial for the production of polyurethane.

The Indian Packaging Industry is also leveraging the polyurethane foams and other products for cushioning and protective packaging, which is driving the demand. In conclusion, the expansion of the end use industries is transforming the polyurethane industry.

Boom in Packaging Industry, propels China's polyurethane precursor market to new heights

Country China
Market Size (US$ million) by End of Forecast Period (2033) US$ 20,214.5 million
CAGR % 2023 to End of Forecast (2033) 4.3%

With a projected market value of US$ 20,214.5 million and a CAGR of 4.3%, the industry in China is poised for significant growth in the coming years. This growth can be attributed to the remarkable expansion of the packaging industry driven by population growth, urbanization, e-commerce, and evolving consumer preferences. The growing e-commerce industry, rising need for protective packaging, is driving the demand for rigid and flexible polyurethane foams. This surge in demand is directly impacting the polyurethane precursor market.

Furthermore, the flexibility of packaging foams provide extra advantage for customized packaging. Polyurethane foam are flexible, durable, lightweight and provide excellent protection to the products. Hence, the growing consumption of these foams in packaging industry will ramp up the sales of polyurethane precursors.

Japan rides the wave of Polyurethane Precursors: Fueling diverse industries with unstoppable growth

Country Japan
Market Size (US$ million) by End of Forecast Period (2033) US$ 3,176.6 million
CAGR % 2023 to End of Forecast (2033) 4.6%

The industry in Japan is estimated to reach a market share of US$ 3,176.6 million by 2033, thriving at a CAGR of 4.6%. Japan is known for its technological advancements, where it leads the global market. The automotive industry in Japan is key industry consuming the polyurethane related products including the foams, coatings, adhesives, elastomers and others.

Also, the construction industry provide an extra advantage to growth of the market. Increasing usage of polyurethane products in construction industry in the form of coatings, insulation materials, sealants and so on. Is expected to drive the market growth.

Demand for Polyurethane Precursors in Textile, Automobile and Packaging to Fuel Market Growth in Germany

Country Germany
Market Size (US$ million) by End of Forecast Period (2033) US$ 4,527.4 million
CAGR % 2023 to End of Forecast (2033) 5.1%

Germany's Polyurethane Precursor industry is projected to achieve a market share of US$ 4,527.4 million, with a CAGR of 5.1% throughout the forecast period. Country’s strong focus on research & development, technological advancements, sustainable manufacturing practices all are the factors are transforming the polyurethane precursors market. Growing use of polyurethane-based materials in textile industry, in bedding, furniture industry and automotive industry, are driving the demand for polyurethane precursors.

Category-Wise Insights

Foam Precursors Segment to Dominate Polyurethane Precursor Industry with 5.8% CAGR through 2033

The Foam Precursor segment is expected to dominate the industry with a CAGR of 5.8% from 2023 to 2033. Foam precursor is the dominating application for the market and holds approximately more than 60% of the total market share for the year 2023. Foam precursors are used in the production of polyurethane foams, and these foams are widely used in various end use industries. Generally these foams come under two broad categories, flexible and rigid.

Flexible foams are used in bedding, cushions, upholstery, furniture, automotive seating and others, while rigid foams are used in construction industry for insulation, sealants, roofing and so on.

Polyurethane foams are knowns for their versatility. They are lightweight, durable and thermally insulated. As they offer exception properties, they are heavily used in packaging, automotive, furniture and construction industry.

How the Automotive Industry is driving the Polyurethane Precursor Market?

Automotive industry is one of the force, driving the growth of the market. Automakers are putting emphasis on making vehicle lightweight. In order to achieve the lightweight vehicles, usage of plastics in automotive parts is the key pointer, while focus is also on using lightweight materials in seating, rims, and other components. Polyurethane foams are extensively used in automotive seating, door panels, dashboards, headrests and others.

Apart from the polyurethane foams, polyurethane based coatings, adhesives are also being used in automotive industry. As the consumption of polyurethane based products increases, so does the need of polyurethane precursors.

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How Key Players Stay Competitive in the Industry?

The polyurethane precursor market is highly competitive in nature as market has presence of some of the big key market participants, who are quite active in the market. Players such as BASF SE, Dow Inc., Covestro AG, Evonik Industries and others are dominating the market. Market players are staying ahead in the competition by adopting certain growth strategies.

Key Strategies Adopted by the Players

  • Research and Development

Key market participants are intensively focused on research and development activities. A significant amount of revenue is devoted for research and development activity. This help key players to stay ahead in competition as this open up new doors for the launch of new and innovative products.

  • Collaboration and Mergers

Collaborations and mergers, are another set of growth strategies, where key players are strategically collaborating with other market participants to capture the market share and increase their reach to different set of consumer base. Mergers activities helps in gaining extra edge over other players, as it enhances their global position and also helps in strengthening the product portfolio.

  • New Product Development and Launch

Key market participants are focusing on the development of the new products which can cater the customization. In this market, market players are launching new products in the market.

  • Circular Economy and Sustainability

This is one of the crucial factors, where key players are continuously striving to achieve the sustainability goals. Key players are actively involved in achieving the sustainability goals and putting efforts in circular economy. The recycling and reuse of polyurethane based products and closing the loop is under the limelight and key market participants are focusing on such practices and collaborating with associations.

  • Production Capacity Expansion and Geographic Reach

To capitalize on new opportunities, key players in the industry prioritize expanding their market presence and geographic reach. They actively seek out untapped regions, establish robust distribution networks, and engage in strategic collaborations with local partners. This strategic approach enables them to enter new markets, access a wider customer base, and harness the growth potential of diverse regions. Key players are also focused on the expansion of their production capacities to cater the growing demand.

Key Players in the Market

  • Evonik Industries
  • BASF SE
  • Dow Chemical Company
  • Covestro AG
  • Huntsman Corporation
  • Wanhua Chemical Group Co., Ltd.
  • Shell Plc
  • Recticel NV/SA
  • Perstorp AB
  • Arkema SA
  • Arcad Chemicals
  • Lubrizol Corp.

Segmentation Analysis of the Market

By Chemical Composition:

  • Polyols
    • Polyether Polyols
    • Polyester Polyols
    • Polycarbonate Polyols
    • Others
  • Diisocyanates
    • Toluene Diisocyanate (TDI)
    • Methylene Diphenyl Diisocyanate (MDI)
  • Chain extenders
  • Catalysts
  • Other additives

By Application:

  • Foam Precursor
  • Coating & Adhesive Precursor
  • Elastomer Precursors
  • Others

By Industry Vertical:

  • Automotive
  • Furniture
  • Packaging
  • Construction
  • Others (Insulation, Textile)

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia Pacific
  • The Middle East and Africa

Frequently Asked Questions

How Big is the Global Market?

The net worth of the global market is estimated to be US$ 46,518.2 million in 2023.

What will be the Global Market Value in Next Ten Years?

The global market value is projected to be around US$ 80,216.2 million by 2033.

Who are the Leading Players?

BASF, Dow, Covestro, and Evonik are the top suppliers of polyurethane precursors.

Which is Most Profitable End User Segment?

The revenue from automotive industry segment remains profitable.

Which Application Dominates the Market Demand?

The foam precursors hold almost 60% of the market demand globally.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Innovation / Development Trends

4. Key Success Factors

    4.1. Product Adoption / Usage Analysis

    4.2. Product innovation and Diversification

    4.3. Marketing and Brand management

    4.4. Supply Chain Management

5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033

    5.1. Historical Market Volume (Tons) Analysis, 2018 to 2022

    5.2. Current and Future Market Volume (Tons) Projections, 2023 to 2033

    5.3. Y-o-Y Growth Trend Analysis

6. Global Market - Pricing Analysis

    6.1. Pricing Analysis By Chemical Composition

    6.2. Pricing Break-up

    6.3. Global Average Pricing Analysis Benchmark

7. Global Market Demand (in Value or Size in US$ Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033

    7.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022

    7.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Market Background

    8.1. Macro-Economic Factors

    8.2. Forecast Factors - Relevance and Impact

    8.3. Value Chain Analysis

    8.4. Porter’s Five Analysis

    8.5. Supply Demand Overview

    8.6. Buyer’s Decision Rationale

    8.7. Market Dynamics

        8.7.1. Drivers

        8.7.2. Restraints

        8.7.3. Opportunity Analysis

    8.8. Impact of COVID – 19 Crisis

        8.8.1. Introduction

        8.8.2. World Economy / Cluster Projections

        8.8.3. Potential of Impact by Taxonomy

        8.8.4. Recovery Scenario (Short, Mid and Long term)

        8.8.5. Key Strategies

9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Chemical Composition

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Million) and Volume Analysis By Chemical Composition, 2018 to 2022

    9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Chemical Composition, 2023 to 2033

        9.3.1. Polyols

            9.3.1.1. Polyether Polyols

            9.3.1.2. Polyester Polyols

            9.3.1.3. Polycarbonate Polyols

            9.3.1.4. Others

        9.3.2. Diisocyanates

            9.3.2.1. Toluene Diisocyanate (TDI)

            9.3.2.2. Methylene Diphenyl Diisocyanate (MDI)

        9.3.3. Chain extenders

        9.3.4. Catalysts

        9.3.5. Other additives

    9.4. Market Attractiveness Analysis By Chemical Composition

10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Million) and Volume Analysis By Application, 2018 to 2022

    10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Application, 2023 to 2033

        10.3.1. Foam Precursor

        10.3.2. Coating & Adhesive Precursor

        10.3.3. Elastomer Precursors

        10.3.4. Others

    10.4. Market Attractiveness Analysis By Application

11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Industry Vertical

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ Million) and Volume Analysis By Industry Vertical, 2018 to 2022

    11.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Industry Vertical, 2023 to 2033

        11.3.1. Automotive

        11.3.2. Furniture

        11.3.3. Packaging

        11.3.4. Construction

        11.3.5. Others (Insulation, Textile)

    11.4. Market Attractiveness Analysis By Industry Vertical

12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region

    12.1. Introduction

    12.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2018 to 2022

    12.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2023 to 2033

        12.3.1. North America

        12.3.2. Latin America

        12.3.3. Western Europe

        12.3.4. Eastern Europe

        12.3.5. East Asia

        12.3.6. South Asia and Pacific

        12.3.7. Middle East and Africa

    12.4. Market Attractiveness Analysis By Region

13. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    13.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        13.4.1. By Chemical Composition

        13.4.2. By Application

        13.4.3. By Industry Vertical

        13.4.4. By Country

            13.4.4.1. U.S.

            13.4.4.2. Canada

    13.5. Market Attractiveness Analysis

        13.5.1. By Chemical Composition

        13.5.2. By Application

        13.5.3. By Industry Vertical

        13.5.4. By Country

    13.6. Market Trends

    13.7. Driver and Restraint: Impact Analysis

14. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        14.4.1. By Chemical Composition

        14.4.2. By Application

        14.4.3. By Industry Vertical

        14.4.4. By Country

            14.4.4.1. Brazil

            14.4.4.2. Mexico

            14.4.4.3. Argentina

            14.4.4.4. Rest of Latin America

    14.5. Market Attractiveness Analysis

        14.5.1. By Chemical Composition

        14.5.2. By Application

        14.5.3. By Industry Vertical

        14.5.4. By Country

    14.6. Market Trends

    14.7. Driver and Restraint: Impact Analysis

15. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        15.4.1. By Chemical Composition

        15.4.2. By Application

        15.4.3. By Industry Vertical

        15.4.4. By Country

            15.4.4.1. Germany

            15.4.4.2. Italy

            15.4.4.3. France

            15.4.4.4. U.K.

            15.4.4.5. Spain

            15.4.4.6. BENELUX

            15.4.4.7. Russia

            15.4.4.8. Rest of Western Europe

    15.5. Market Attractiveness Analysis

        15.5.1. By Chemical Composition

        15.5.2. By Application

        15.5.3. By Industry Vertical

        15.5.4. By Country

    15.6. Market Trends

    15.7. Driver and Restraint: Impact Analysis

16. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        16.4.1. By Chemical Composition

        16.4.2. By Application

        16.4.3. By Industry Vertical

        16.4.4. By Country

            16.4.4.1. Poland

            16.4.4.2. Hungary

            16.4.4.3. Romania

            16.4.4.4. Czech Republic

            16.4.4.5. Rest of Eastern Europe

    16.5. Market Attractiveness Analysis

        16.5.1. By Chemical Composition

        16.5.2. By Application

        16.5.3. By Industry Vertical

        16.5.4. By Country

    16.6. Market Trends

    16.7. Driver and Restraint: Impact Analysis

17. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    17.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        17.4.1. By Chemical Composition

        17.4.2. By Application

        17.4.3. By Industry Vertical

        17.4.4. By Country

            17.4.4.1. China

            17.4.4.2. Japan

            17.4.4.3. South Korea

    17.5. Market Attractiveness Analysis

        17.5.1. By Chemical Composition

        17.5.2. By Application

        17.5.3. By Industry Vertical

        17.5.4. By Country

    17.6. Market Trends

    17.7. Driver and Restraint: Impact Analysis

18. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    18.1. Introduction

    18.2. Pricing Analysis

    18.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    18.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        18.4.1. By Chemical Composition

        18.4.2. By Application

        18.4.3. By Industry Vertical

        18.4.4. By Country

            18.4.4.1. India

            18.4.4.2. Association of Southeast Asian Nations

            18.4.4.3. Australia and New Zealand

            18.4.4.4. Rest of South Asia and Pacific

    18.5. Market Attractiveness Analysis

        18.5.1. By Chemical Composition

        18.5.2. By Application

        18.5.3. By Industry Vertical

        18.5.4. By Country

    18.6. Market Trends

    18.7. Driver and Restraint: Impact Analysis

19. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    19.1. Introduction

    19.2. Pricing Analysis

    19.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    19.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        19.4.1. By Chemical Composition

        19.4.2. By Application

        19.4.3. By Industry Vertical

        19.4.4. By Country

            19.4.4.1. Gulf Cooperation Council Countries

            19.4.4.2. Türkiye

            19.4.4.3. Northern Africa

            19.4.4.4. South Africa

            19.4.4.5. Rest of Middle East and Africa

    19.5. Market Attractiveness Analysis

        19.5.1. By Chemical Composition

        19.5.2. By Application

        19.5.3. By Industry Vertical

        19.5.4. By Country

    19.6. Market Trends

    19.7. Driver and Restraint: Impact Analysis

20. Key Countries Market Analysis

    20.1. U.S. Market Analysis

        20.1.1. By Chemical Composition

        20.1.2. By Application

        20.1.3. By Industry Vertical

    20.2. Canada Market Analysis

        20.2.1. By Chemical Composition

        20.2.2. By Application

        20.2.3. By Industry Vertical

    20.3. Mexico Market Analysis

        20.3.1. By Chemical Composition

        20.3.2. By Application

        20.3.3. By Industry Vertical

    20.4. Brazil Market Analysis

        20.4.1. By Chemical Composition

        20.4.2. By Application

        20.4.3. By Industry Vertical

    20.5. Argentina Market Analysis

        20.5.1. By Chemical Composition

        20.5.2. By Application

        20.5.3. By Industry Vertical

    20.6. Germany Market Analysis

        20.6.1. By Chemical Composition

        20.6.2. By Application

        20.6.3. By Industry Vertical

    20.7. Italy Market Analysis

        20.7.1. By Chemical Composition

        20.7.2. By Application

        20.7.3. By Industry Vertical

    20.8. France Market Analysis

        20.8.1. By Chemical Composition

        20.8.2. By Application

        20.8.3. By Industry Vertical

    20.9. U.K. Market Analysis

        20.9.1. By Chemical Composition

        20.9.2. By Application

        20.9.3. By Industry Vertical

    20.10. Spain Market Analysis

        20.10.1. By Chemical Composition

        20.10.2. By Application

        20.10.3. By Industry Vertical

    20.11. Russia Market Analysis

        20.11.1. By Chemical Composition

        20.11.2. By Application

        20.11.3. By Industry Vertical

    20.12. BENELUX Market Analysis

        20.12.1. By Chemical Composition

        20.12.2. By Application

        20.12.3. By Industry Vertical

    20.13. China Market Analysis

        20.13.1. By Chemical Composition

        20.13.2. By Application

        20.13.3. By Industry Vertical

    20.14. Japan Market Analysis

        20.14.1. By Chemical Composition

        20.14.2. By Application

        20.14.3. By Industry Vertical

    20.15. S. Korea Market Analysis

        20.15.1. By Chemical Composition

        20.15.2. By Application

        20.15.3. By Industry Vertical

    20.16. India Market Analysis

        20.16.1. By Chemical Composition

        20.16.2. By Application

        20.16.3. By Industry Vertical

    20.17. Australia and New Zealand Market Analysis

        20.17.1. By Chemical Composition

        20.17.2. By Application

        20.17.3. By Industry Vertical

    20.18. ASEAN Market Analysis

        20.18.1. By Chemical Composition

        20.18.2. By Application

        20.18.3. By Industry Vertical

    20.19. Gulf Cooperation Council Countries Market Analysis

        20.19.1. By Chemical Composition

        20.19.2. By Application

        20.19.3. By Industry Vertical

    20.20. Türkiye Market Analysis

        20.20.1. By Chemical Composition

        20.20.2. By Application

        20.20.3. By Industry Vertical

    20.21. South Africa Market Analysis

        20.21.1. By Chemical Composition

        20.21.2. By Application

        20.21.3. By Industry Vertical

21. Market Structure Analysis

    21.1. Market Analysis by Tier of Companies

    21.2. Market Concentration

    21.3. Market Share Analysis of Top Players

    21.4. Market Presence Analysis

22. Competition Analysis

    22.1. Competition Dashboard

    22.2. Competition Benchmarking

    22.3. Competition Key Developments

    22.4. Competition Deep Dive

        22.4.1. Evonik Industries

            22.4.1.1. Overview

            22.4.1.2. Product Portfolio

            22.4.1.3. Sales Footprint

            22.4.1.4. Strategy Overview

        22.4.2. BASF SE

            22.4.2.1. Overview

            22.4.2.2. Product Portfolio

            22.4.2.3. Sales Footprint

            22.4.2.4. Strategy Overview

        22.4.3. Dow Chemical Company

            22.4.3.1. Overview

            22.4.3.2. Product Portfolio

            22.4.3.3. Sales Footprint

            22.4.3.4. Strategy Overview

        22.4.4. Covestro AG

            22.4.4.1. Overview

            22.4.4.2. Product Portfolio

            22.4.4.3. Sales Footprint

            22.4.4.4. Strategy Overview

        22.4.5. Huntsman Corporation

            22.4.5.1. Overview

            22.4.5.2. Product Portfolio

            22.4.5.3. Sales Footprint

            22.4.5.4. Strategy Overview

        22.4.6. Wanhua Chemical Group Co., Ltd.

            22.4.6.1. Overview

            22.4.6.2. Product Portfolio

            22.4.6.3. Sales Footprint

            22.4.6.4. Strategy Overview

        22.4.7. Shell Plc

            22.4.7.1. Overview

            22.4.7.2. Product Portfolio

            22.4.7.3. Sales Footprint

            22.4.7.4. Strategy Overview

        22.4.8. Recticel NV/SA

            22.4.8.1. Overview

            22.4.8.2. Product Portfolio

            22.4.8.3. Sales Footprint

            22.4.8.4. Strategy Overview

        22.4.9. Perstorp AB

            22.4.9.1. Overview

            22.4.9.2. Product Portfolio

            22.4.9.3. Sales Footprint

            22.4.9.4. Strategy Overview

        22.4.10. Arkema SA

            22.4.10.1. Overview

            22.4.10.2. Product Portfolio

            22.4.10.3. Sales Footprint

            22.4.10.4. Strategy Overview

        22.4.11. Arcad Chemicals

            22.4.11.1. Overview

            22.4.11.2. Product Portfolio

            22.4.11.3. Sales Footprint

            22.4.11.4. Strategy Overview

        22.4.12. Others Players

            22.4.12.1. Overview

            22.4.12.2. Product Portfolio

            22.4.12.3. Sales Footprint

            22.4.12.4. Strategy Overview

23. Primary Survey Analysis

24. Assumptions and Acronyms Used

25. Research Methodology

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