Global Polyurethanes Market is expected reach $55 Billion while its raw materials MDI & TDI is expected to reach $22 Billion by 2016

Akin to the other plastics,Polyurethanes, are highly used across a number of industries such as construction, electronics, and packaging. Polyurethanes are produced by reacting isocynates with polyols. MDI and TDI are key isocynates used as raw materials. As methylene diphenyl and toluene diisocyanate(MDI and TDI) are highly toxic materials, the polyurethane industry is highly regulated as well as heavily dependent on crude oil dynamics.

Forms Of Polyuethanes-

1. Polyurethane foams
2. Polyurethanes elastomers.

MDI has been predominantly used to manufacture polyurethane foams. The largest application for MDI is rigid polyurethane foams which account for 56.05% of the global consumption of MDI. Rigid foams are mostly used in construction, refrigeration, insulation and packaging applications. MDI is also used to make coatings, adhesives, sealants, elastomers, and binders.TDI is predominantly used to make flexible polyurethane foams which are the largest application for TDI. This is achieved by the reaction of TDI with a polyol to produce the polyurethane foam. Flexible polyurethane foams are mainly used in furniture, automotives, and bedding. The other uses of TDI include elastomers, coatings, adhesives and sealants, and rigid polyurethane foams. 

(source-http://www.worldindustrialreporter.com/battelle-creates-unique-new-polyurethane)

The global market for polyurethanes was estimated at 13,650.00 kilo tons in 2010 and is expected to reach 17,946.20 kilo tons by 2016, growing at a CAGR of 4.7% from 2011 to 2016. In terms of revenue, the market was estimated to be worth $33,033.00 million in 2010 and is expected to reach $55,479.68 million by 2016, growing at a CAGR of 6.8% from 2011 to 2016. North America, Asia-Pacific, and Europe dominate the polyurethane market and together accounted for 95% of the global polyurethane demand in 2010. North America and Western Europe are mature markets and are expected to grow at a sluggish rate. However, Asia-Pacific, Eastern Europe, and South America are expected to drive the demand for polyurethanes in the coming decade.

GLOBAL POLYURETHANES MARKET BY PRODUCT TYPES, 2010

Source: MarketsandMarkets

Flexible foams are the largest outlet for polyurethanes, accounting for 36.98% of the overall market in 2010. The second largest outlet is rigid foams, accounting for 28.04% of the overall market in 2010.

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Application areas-

• Insulation
• Footwear
• Coatings
• Sealants
• Elastomers 
• Adhesives