PUBLISHER: The Business Research Company | PRODUCT CODE: 1409711
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409711
“Polyurethane Processing Machine Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on polyurethane processing machine market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for polyurethane processing machine? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The polyurethane processing machine market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Polyurethane processing machines are equipment designed for the precise application of coatings, elastomers, and spray insulation across various industries. They are utilized for tasks such as applying cushioning to rebound elastic components, creating integral skin, and processing hard raw materials such as rotationally molded items, bus and chair upholstery, panels, shoe heels, transmission compressors, and hollow constructions.
The main types of polyurethane processing machines are high-pressure and low-pressure machines. High-pressure polyurethane machines are specially crafted devices for the automated mixing and pouring of polyurethane to manufacture various polyurethane products. These machines include components such as mixing heads, metering equipment, foaming equipment, and others. They find applications in industries such as construction, automotive, medical, consumer products, and more.
The polyurethane processing machine market research report is one of a series of new reports from The Business Research Company that provides polyurethane processing machine market statistics, including polyurethane processing machine industry global market size, regional shares, competitors with polyurethane processing machine market share, detailed polyurethane processing machine market segments, market trends, and opportunities, and any further data you may need to thrive in the polyurethane processing machine industry. This polyurethane processing machine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The polyurethane processing machine market size has grown strongly in recent years. It will grow from $3.77 billion in 2023 to $3.97 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth observed in the historical period can be attributed to several factors, including the growing industrialization, innovation in material applications, expansion of the automotive industry, construction boom, manufacturing of consumer goods, and compliance with regulatory standards.
The polyurethane processing machine market size is expected to see strong growth in the next few years. It will grow to $4.83 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The anticipated growth in the forecast period can be attributed to the rising demand in end-user industries, a focus on sustainable practices, ongoing urbanization and infrastructure development, increased customization and specialized applications, and the globalization of supply chains. Major trends expected in the forecast period include the integration of automation and Industry 4.0 principles, a heightened emphasis on energy efficiency and sustainability, increased customization and flexibility in production processes, the adoption of digitalization and smart manufacturing practices, innovations in materials, and the formation of strategic partnerships and collaborations within the industry.
The anticipated surge in the construction of residential and commercial buildings is poised to drive the growth of the polyurethane processing machine market. Within the construction sector, encompassing the business and manufacturing aspects of building infrastructure, polyurethane rigid foam plays a pivotal role in ensuring the structural integrity of both residential and commercial structures. Renowned for its noise reduction capabilities and excellent insulation properties for walls, doors, and windows, polyurethane rigid foam is integral to construction projects. Supported by data from a 2022 report by the Bureau of Economic Analysis (BEA), indicating an increase in the size of the US construction industry from $1.916 trillion in Q1 2021 to $2.016 trillion in Q1 2022, the growing construction endeavors are fostering a heightened demand for polyurethane processing machines.
The polyurethane processing machine market is further propelled by the flourishing global automotive industry. This sector, encompassing vehicle design, development, manufacturing, and sales, is witnessing an increased need for polyurethane foam interior components in automobiles, including car seats, armrests, and headrests. Forecasts from Forbes project a 4% global increase in auto sales to 89.7 million in 2023. Additionally, the India Brand Equity Foundation (IBEF) predicts substantial growth in the Indian automotive industry, reaching $251.4-282.8 billion by 2026. As the automotive industry expands, the demand for polyurethane processing machines is set to rise.
A prominent trend in the polyurethane processing machine market is the emphasis on product advancements by major industry players. Companies are strategically focusing on developing cutting-edge products to maintain their market positions. In October 2021, Huntsman Corporation, a US-based chemical manufacturer, introduced ACOUSTIFLEX LE and RUBIFLEX LE, a new range of low-emission polyurethane systems designed for automotive interiors. These innovations empower foam producers and automotive formulators to create high-performance polyurethane foams while significantly reducing interior emissions to meet OEM regulations. Such advancements, exemplified by the ACOUSTIFLEX LE and RUBIFLEX LE product line, address industry standards and contribute to streamlining supply chains and reducing material diversity.
Major companies in the polyurethane processing machine market are adopting new technologies, including the Internet of Things (IoT), to develop technologically advanced products. IoT integration enhances polyurethane processing machines by enabling real-time monitoring and control, optimizing production parameters, and facilitating predictive maintenance for enhanced efficiency and product quality. A case in point is Hennecke, a German company specializing in polyurethane processing technologies, which launched FOAMATIC-IoT in August 2023. This next-generation high-pressure metering machine, combined with IoT connectivity, aims to optimize production processes by capturing and storing production data for enhanced process efficiency.
In January 2021, Uratex, a Philippines-based foam and mattress manufacturing company, acquired Hennecke GmbH, a Germany-based company specializing in polyurethane processing machinery. This acquisition positions Uratex to strengthen its industry standing and leverage Hennecke's expertise in advanced technology solutions for polyurethane processing machinery.
Major companies operating in the polyurethane processing machine market report are Linde plc, The FRIMO Group, Rim Polymer Industries Pte. Ltd., KraussMaffei Group GmbH, Hennecke GmbH & Co. KG, Graco Inc., Saip S.u.r.l., LEWA GmbH, Polytec Industrial GmbH & Co. KG, AutoRIM GmbH, Cannon USA Inc., Covestro AG, Kymofoam Inc., Zhejiang Lingxin Machinery Co. Ltd., Advanced Connectivity Systems Inc., Airgain Inc., Alpha Wire, Amphenol PCD Inc., Apcom Inc., Arrisoft Inc., AVX Corporation, Belden Inc., Huntsman Corporation, BASF SE, Mitsui Chemicals Inc., Evonik Industries AG, Wanhua Chemical Group Co. Ltd., Air Liquide S.A., Praxair Technology Inc., Baumer Holding AG .
Asia-Pacific was the largest region in the polyurethane processing machine market in 2023. The regions covered in the polyurethane processing machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the polyurethane processing machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The polyurethane processing machine market consists of sales of polyurethane foam injection molding machines, polyurethane elastomer casting machines and foam cutting machines. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.