PUBLISHER: Market Research Future | PRODUCT CODE: 1348954
PUBLISHER: Market Research Future | PRODUCT CODE: 1348954
China Polyurethanes System Market Research Report Forecast to 2030
Market Overview
The China polyurethanes system market is expected to grow at a CAGR of 5.7% over the forecast duration of 2023-2030. The polyurethane system market was valued at USD 39,630.28 million in 2022 and is expected to reach USD 61,535.69 million by 2030.
The China polyurethanes system market is driven by the increasing market demand due to the growth in furniture industry. With a significantly high population and increasing standards of living in China, Individuals are willing to spend more on luxury and comfort goods. With rapid urbanization in the country, there is a growing demand for cushioning, bedding and mattresses which is expected to drive demand for polyurethanes system applications of us of foams for added comfort and luxury. At the same time the polyurethanes market in China is driven by rising building & construction sector, when foam applications of polyurethane system are used for sealing, adhesives, and insulation. With rising infrastructural investments in the Chinese economy to boost market growth, the government is increasingly investing in construction activities leading to a flourishing demand for polyurethanes systems in China.
However, the exposure risks and health concerns related to the two components are expected to curb market growth. The two primary components of polyurethane system isocyanates and polyols have shown to negative impact on health of individual exposed to them and adversely impact the environment during the manufacturing process, hence the negative impact of these components can restrain market growth in China. Also, the fluctuating crude oil prices and rising substitute demand is expected to impact market growth.
Market Segmentation
Based on component, the China polyurethanes system market has been segmented into polyol (polyester polyol, polyether polyol, and others) and isocyanate (MDI, TDI, PMDI, and others).
Based on additives, the China polyurethanes system market has been segmented into crosslinkers, catalysts, stabilizers, and others.
Based on the application, the China polyurethanes system market has been segmented into rigid foam, flexible foam, paints & coatings, additives & sealants, elastomers, binders, and others.
Based on end use, the China polyurethanes system market has been segmented into building & construction, furniture, automotive, packaging, electronics, footwear, and others.
Major Players
BASF SE, COVESTRO AG, The Dow Chemical Company (TDCC), Mitsubishi Chemical Corporation, Concentrol, Wanhua Chemical Group Co., Ltd, Huntsman Corporation (Huntsman), Lanxess, RAMPF Group, Shandong INOV Polyurethane Co., Ltd., and Green View Technology and Development Co., Ltd among others are the major companies in the market.
TABLE OF CONTENTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
- 1.1 MARKET ATTRACTIVENESS ANALYSIS
- 1.2 CHINA POLYURETHANES SYSTEM MARKET, BY COMPONENTS, 2022
- 1.3 CHINA POLYURETHANES SYSTEM MARKET, BY ADDITIVES, 2022
- 1.4 CHINA POLYURETHANES SYSTEM MARKET, BY APPLICATION, 2022
- 1.5 CHINA POLYURETHANES SYSTEM MARKET, BY END USE, 2022
2 MARKET INTRODUCTION
- 2.1 DEFINITION
- 2.2 SCOPE OF THE STUDY
- 2.3 RESEARCH OBJECTIVE
- 2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
- 3.1 RESEARCH PROCESS
- 3.2 PRIMARY RESEARCH
- 3.3 SECONDARY RESEARCH
- 3.4 MARKET SIZE ESTIMATION
- 3.5 TOP-DOWN & BOTTOM-UP APPROACH
- 3.6 FORECAST MODEL
- 3.7 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
- 4.1 OVERVIEW
- 4.2 DRIVERS
- 4.2.1 FURNITURE INDUSTRY GROWTH TO DRIVE THE MARKET DEMAND
- 4.2.2 RISING DEMAND FROM BUILDING & CONSTRUCTION SECTOR
- 4.3 RESTRAINTS
- 4.3.1 EXPOSURE RISK AND ENVIRONMENTAL CONCERNS RELATED TO COMPONENTS
- 4.3.2 FLUCTUATING CRUDE OIL PRICES AND RISING SUBSTITUTE DEMAND
- 4.4 OPPORTUNITIES
- 4.4.1 GROWING DEMAND FOR SUSTAINABLE AND BIO-BASED POLYURETHANE
5 MARKET FACTOR ANALYSIS
- 5.1 SUPPLY CHAIN ANALYSIS
- 5.1.1 RAW MATERIAL SUPPLIERS
- 5.1.2 POLYURETHANE SYSTEM MANUFACTURERS
- 5.1.3 DISTRIBUTION & SALES CHANNEL
- 5.1.4 END USE INDUSTRY
- 5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY
- 5.3 MARKET TREND ANALYSIS
- 5.3.1 AUTOMOTIVE INDUSTRY BOOM LEAD BY ELECTRIC VEHICLES IN CHINA DRIVING POLYURETHANE
SYSTEM MARKET 39
- 5.4 IMPACT OF COVID-19 ON THE CHINA POLYURETHANES SYSTEM MARKET
- 5.4.1 IMPACT OF COVID-19 ON THE SUPPLY CHAIN
- 5.4.2 QUALITATIVE ANALYSIS OF CHANGE IN DEMAND FROM END USE INDUSTRY
- 5.5 PRICE ANALYSIS - BY REGION (USD/TON)
- 5.6 CHINA POLYURATHANE TRADE ANALYSIS, 2022*
6 CHINA POLYURETHANES SYSTEM MARKET, BY COMPONENTS
- 6.1 OVERVIEW
- 6.2 CHINA POLYURETHANES SYSTEM MARKET SIZE, MARKET ESTIMATES & FORECAST BY COMPONENT,
2019-2030
- 6.2.1 CHINA POLYURETHANES SYSTEM MARKETSIZE: MARKET ESTIMATES & FORECAST BY COMPONENT,
2019-2030
- 6.3 CHINA POLYURETHANES SYSTEM MARKET SIZE, MARKET ESTIMATES & FORECAST BY COMPONENT,
2019-2030
- 6.3.1 CHINA POLYURETHANES SYSTEM MARKETSIZE: MARKET ESTIMATES & FORECAST BY COMPONENT,
2019-2030
7 CHINA POLYURETHANES SYSTEM MARKET, BY ADDITIVES
- 7.1 OVERVIEW
- 7.2 CHINA POLYURETHANES SYSTEM MARKET SIZE, MARKET ESTIMATES & FORECAST BY ADDITIVE, 2019-2030
- 7.2.1 CHINA POLYURETHANES SYSTEM MARKETSIZE: MARKET ESTIMATES & FORECAST BY ADDITIVE, 2019-2030
- 7.3 CHINA POLYURETHANES SYSTEM MARKET SIZE, MARKET ESTIMATES & FORECAST BY ADDITIVE, 2019-2030
- 7.3.1 CHINA POLYURETHANES SYSTEM MARKET SIZE: MARKET ESTIMATES & FORECAST BY ADDITIVE, 2019-2030
8 CHINA POLYURETHANES SYSTEM MARKET, BY APPLICATION
- 8.1 OVERVIEW
- 8.2 CHINA POLYURETHANES SYSTEM MARKET SIZE, MARKET ESTIMATES & FORECAST BY APPLICATION,
2019-2030
- 8.2.1 CHINA POLYURETHANES SYSTEM MARKETSIZE: MARKET ESTIMATES & FORECAST BY APPLICATION,
2019-2030
- 8.3 CHINA POLYURETHANES SYSTEM MARKET SIZE, MARKET ESTIMATES & FORECAST BY APPLICATION,
2019-2030
- 8.3.1 CHINA POLYURETHANES SYSTEM MARKET SIZE: MARKET ESTIMATES & FORECAST BY APPLICATION,
2019-2030
9 CHINA POLYURETHANES SYSTEM MARKET, BY END USE
- 9.1 OVERVIEW
- 9.2 CHINA POLYURETHANES SYSTEM MARKET SIZE, MARKET ESTIMATES & FORECAST BY END USE, 2019-2030
- 9.2.1 CHINA POLYURETHANES SYSTEM MARKETSIZE: MARKET ESTIMATES & FORECAST BY END USE,
2019-2030
- 9.3 CHINA POLYURETHANES SYSTEM MARKET SIZE, MARKET ESTIMATES & FORECAST BY END USE, 2019-2030
- 9.3.1 CHINA POLYURETHANES SYSTEM MARKET SIZE: MARKET ESTIMATES & FORECAST BY END USE,
2019-2030
10 COMPETITIVE LANDSCAPE
- 10.1 INTRODUCTION
- 10.2 COMPETITIVE ANALYSIS
- 10.3 MAJOR GROWTH STRATEGY IN THE CHINA POLYURETHANES SYSTEM MARKET
- 10.4 COMPETITIVE BENCHMARKING
- 10.5 KEY DEVELOPMENTS AND GROWTH STRATEGIES
- 10.5.1 PRODUCT LAUNCH
- 10.5.2 EXPANSION
- 10.5.3 ACQUISITION
11 COMPANY PROFILES
- 11.1 BASF SE
- 11.1.1 COMPANY OVERVIEW
- 11.1.2 FINANCIAL OVERVIEW
- 11.1.3 PRODUCTS OFFERED
- 11.1.4 KEY DEVELOPMENTS
- 11.1.5 SWOT ANALYSIS
- 11.1.6 KEY STRATEGIES
- 11.2 COVESTRO AG
- 11.2.1 COMPANY OVERVIEW
- 11.2.2 FINANCIAL OVERVIEW
- 11.2.3 PRODUCTS OFFERED
- 11.2.4 KEY DEVELOPMENTS
- 11.2.5 SWOT ANALYSIS
- 11.2.6 KEY STRATEGIES
- 11.3 THE DOW CHEMICAL COMPANY
- 11.3.1 COMPANY OVERVIEW
- 11.3.2 FINANCIAL OVERVIEW
- 11.3.3 PRODUCTS OFFERED
- 11.3.4 KEY DEVELOPMENTS
- 11.3.5 SWOT ANALYSIS
- 11.3.6 KEY STRATEGIES
- 11.4 MITSUBISHI CHEMICAL CORPORATION
- 11.4.1 COMPANY OVERVIEW
- 11.4.2 FINANCIAL OVERVIEW
- 11.4.3 PRODUCTS OFFERED
- 11.4.4 KEY DEVELOPMENTS
- 11.4.5 SWOT ANALYSIS
- 11.4.6 KEY STRATEGIES
- 11.5 CONCENTROL
- 11.5.1 COMPANY OVERVIEW
- 11.5.2 FINANCIAL OVERVIEW
- 11.5.3 PRODUCTS OFFERED
- 11.5.4 KEY DEVELOPMENTS
- 11.5.5 SWOT ANALYSIS
- 11.5.6 KEY STRATEGIES
- 11.6 WANHUA CHEMICAL GROUP CO., LTD.
- 11.6.1 COMPANY OVERVIEW
- 11.6.2 FINANCIAL OVERVIEW
- 11.6.3 PRODUCTS OFFERED
- 11.6.4 KEY DEVELOPMENTS
- 11.6.5 SWOT ANALYSIS
- 11.6.6 KEY STRATEGIES
- 11.7 HUNTSMAN CORPORATION
- 11.7.1 COMPANY OVERVIEW
- 11.7.2 FINANCIAL OVERVIEW
- 11.7.3 PRODUCTS OFFERED
- 11.7.4 KEY DEVELOPMENTS
- 11.7.5 SWOT ANALYSIS
- 11.7.6 KEY STRATEGIES
- 11.8 LANXESS
- 11.8.1 COMPANY OVERVIEW
- 11.8.2 FINANCIAL OVERVIEW
- 11.8.3 PRODUCTS OFFERED
- 11.8.4 KEY DEVELOPMENTS
- 11.8.5 SWOT ANALYSIS
- 11.8.6 KEY STRATEGIES
- 11.9 RAMPF GROUP
- 11.9.1 COMPANY OVERVIEW
- 11.9.2 FINANCIAL OVERVIEW
- 11.9.3 PRODUCTS OFFERED
- 11.9.4 KEY DEVELOPMENTS
- 11.9.5 SWOT ANALYSIS
- 11.9.6 KEY STRATEGIES
- 11.10 SHANDONG INOV POLYURETHANE CO., LTD.
- 11.10.1 COMPANY OVERVIEW
- 11.10.2 FINANCIAL OVERVIEW
- 11.10.3 PRODUCTS OFFERED
- 11.10.4 KEY DEVELOPMENTS
- 11.10.5 SWOT ANALYSIS
- 11.10.6 KEY STRATEGIES
- 11.11 GREEN VIEW TECHNOLOGY AND DEVELOPMENT CO., LTD.
- 11.11.1 COMPANY OVERVIEW
- 11.11.2 FINANCIAL OVERVIEW
- 11.11.3 PRODUCTS OFFERED
- 11.11.4 KEY DEVELOPMENTS
- 11.11.5 SWOT ANALYSIS
- 11.11.6 KEY STRATEGIES
12 APPENDIX
- 12.1 REFERENCES
- 12.2 RELATED REPORTS
LIST OF TABLES
- TABLE 1 LIST OF ASSUMPTIONS 25
- TABLE 2 CHINA POLYURETHANES SYSTEM MARKET, PRICE ANALYSIS (USD/TON), 2019-2024 41
- TABLE 3 CHINA POLYURETHANES SYSTEM MARKET, PRICE ANALYSIS (USD/TON), 2025-2030 41
- TABLE 4 CHINA ISOCYANATE MDI (BY COMPONENT) MARKET, IMPORT, 2022 (TONS)* 42
- TABLE 5 CHINA ISOCYANATE MDI (BY COMPONENT) MARKET, EXPORT, 2022 (TONS)* 42
- TABLE 6 CHINA POLYURETHANES MARKET, IMPORT, 2022 (TONS)* 43
- TABLE 7 CHINA POLYURETHANES MARKET, EXPORT, 2022 (TONS)* 43
- TABLE 8 CHINA POLYURETHANES SYSTEM MARKETESTIMATES & FORECAST, BY COMPONENT, 2019-2030 (USD MILLION) 45
- TABLE 9 CHINA POLYURETHANES SYSTEM MARKETESTIMATES & FORECAST, BY COMPONENT, 2019-2030 (KILOTONS) 47
- TABLE 10 CHINA POLYURETHANES SYSTEM MARKETESTIMATES & FORECAST, BY ADDITIVE, 2019-2030 (USD MILLION) 49
- TABLE 11 CHINA POLYURETHANES SYSTEM MARKET ESTIMATES & FORECAST, BY ADDITIVE, 2019-2030 (KILOTONS) 50
- TABLE 12 CHINA POLYURETHANES SYSTEM MARKET SIZE, BY APPLICATION, 2019-2030 (USD MILLION) 52
- TABLE 13 CHINA POLYURETHANES SYSTEM MARKET SIZE, BY APPLICATION, 2019-2030 (KILOTONS) 53
- TABLE 14 CHINA POLYURETHANES SYSTEM MARKETESTIMATES & FORECAST, BY END USE, 2019-2030 (USD MILLION) 55
- TABLE 15 CHINA POLYURETHANES SYSTEM MARKET ESTIMATES & FORECAST, BY END USE, 2019-2030 (KILOTONS) 56
- TABLE 16 PRODUCT LAUNCH/ PRODUCT INNOVATION 60
- TABLE 17 EXPANSION 61
- TABLE 18 ACQUISITION 61
- TABLE 19 BASF SE: PRODUCTS OFFERED 64
- TABLE 20 BASF SE: KEY DEVELOPMENTS 64
- TABLE 21 COVESTRO AG: PRODUCTS OFFERED 67
- TABLE 22 THE DOW CHEMICAL COMPANY: PRODUCTS OFFERED 71
- TABLE 23 THE DOW CHEMICAL COMPANY: KEY DEVELOPMENTS 71
- TABLE 24 MITSUBISHI CHEMICAL CORPORATION: PRODUCTS OFFERED 74
- TABLE 25 MITSUBISHI CHEMICAL CORPORATION: KEY DEVELOPMENTS 75
- TABLE 26 CONCENTROL: PRODUCTS OFFERED 76
- TABLE 27 WANHUA CHEMICAL GROUP CO., LTD: PRODUCTS OFFERED 80
- TABLE 28 HUNTSMAN CORPORATION: PRODUCTS OFFERED 83
- TABLE 29 LANXESS: PRODUCTS OFFERED 87
- TABLE 30 RAMPF GROUP: PRODUCTS OFFERED 89
- TABLE 31 SHANDONG INOV POLYURETHANE CO., LTD.: PRODUCTS OFFERED 91
- TABLE 32 GREEN VIEW TECHNOLOGY AND DEVELOPMENT CO., LTD.: PRODUCTS OFFERED 93
LIST OF FIGURES
- FIGURE 1 MARKET SYNOPSIS 12
- FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: CHINA POLYURETHANES SYSTEM MARKET, 2022 13
- FIGURE 3 CHINA POLYURETHANES SYSTEM MARKET ANALYSIS BY COMPOENENTS (USD MILLION) 14
- FIGURE 4 CHINA POLYURETHANES SYSTEM MARKET ANALYSIS BY ADDITIVES (USD MILLION) 15
- FIGURE 5 CHINA POLYURETHANES SYSTEM MARKET ANALYSIS BY APPLICATION (USD MILLION) 16
- FIGURE 6 CHINA POLYURETHANES SYSTEM MARKET ANALYSIS BY END USE (USD MILLION) 17
- FIGURE 7 CHINA POLYURETHANES SYSTEM MARKET: MARKET STRUCTURE 19
- FIGURE 8 RESEARCH PROCESS OF MRFR 20
- FIGURE 9 MARKET DYNAMICS: CHINA POLYURETHANES SYSTEM MARKET 26
- FIGURE 10 CHINA FURNITURE INDUSTRY REVENUE 2021-2027 28
- FIGURE 11 CHINA CONSTRUCTION OUTPUT VALUE 2019-2022 30
- FIGURE 12 DRIVERS: IMPACT ANALYSIS 31
- FIGURE 13 RESTRAINT: IMPACT ANALYSIS 33
- FIGURE 14 SUPPLY CHAIN ANALYSIS: CHINA POLYURETHANES SYSTEM MARKET 35
- FIGURE 15 PORTER'S FIVE FORCES ANALYSIS: CHINA POLYURETHANES SYSTEM MARKET 37
- FIGURE 16 CHINA POLYURETHANES SYSTEM MARKET, BY COMPONENT, 2019 TO 2030 (USD MILLION) 44
- FIGURE 17 CHINA POLYURETHANES SYSTEM MARKET, BY COMPONENT, 2019 TO 2030 (KILOTONS) 46
- FIGURE 18 CHINA POLYURETHANES SYSTEM MARKET, BY ADDITIVES, 2019 TO 2030 (USD MILLION) 48
- FIGURE 19 CHINA POLYURETHANES SYSTEM MARKET, BY ADDITIVE, 2019 TO 2030 (KILOTONS) 50
- FIGURE 20 CHINA POLYURETHANES SYSTEM MARKET, BY APPLICATION, 2019 TO 2030 (USD MILLION) 51
- FIGURE 21 CHINA POLYURETHANES SYSTEM MARKET, BY APPLICATION, 2019 TO 2030 (KILOTONS) 53
- FIGURE 22 CHINA POLYURETHANES SYSTEM MARKET, BY END USE, 2019 TO 2030 (USD MILLION) 54
- FIGURE 23 CHINA POLYURETHANES SYSTEM MARKET, BY END USE, 2019 TO 2030 (KILOTONS) 55
- FIGURE 24 CHINA POLYURETHANES SYSTEM MAJOR PLAYERS MARKET SHARE ANALYSIS, 2022 (%) 57
- FIGURE 25 BENCHMARKING OF MAJOR COMPETITORS 59
- FIGURE 26 BASF SE: FINANCIAL OVERVIEW SNAPSHOT 63
- FIGURE 27 BASF SE: SWOT ANALYSIS 65
- FIGURE 28 COVESTRO AG: FINANCIAL OVERVIEW SNAPSHOT 67
- FIGURE 29 COVESTRO AG: SWOT ANALYSIS 68
- FIGURE 30 THE DOW CHEMICAL COMPANY: FINANCIAL OVERVIEW SNAPSHOT 70
- FIGURE 31 THE DOW CHEMICAL COMPANY: SWOT ANALYSIS 72
- FIGURE 32 MITSUBISHI CHEMICAL CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 74
- FIGURE 33 MITSUBISHI CHEMICAL CORPORATION: SWOT ANALYSIS 75
- FIGURE 34 CONCENTROL: SWOT ANALYSIS 77
- FIGURE 35 WANHUA CHEMICAL GROUP CO., LTD: SWOT ANALYSIS 81
- FIGURE 36 HUNTSMAN CORPORATION: SWOT ANALYSIS 84
- FIGURE 37 LANXESS: SWOT ANALYSIS 88
- FIGURE 38 RAMPF GROUP: SWOT ANALYSIS 90
- FIGURE 39 SHANDONG INOV POLYURETHANE CO., LTD.: SWOT ANALYSIS 92
- FIGURE 40 GREEN VIEW TECHNOLOGY AND DEVELOPMENT CO., LTD.: SWOT ANALYSIS 94
