PUBLISHER: The Business Research Company | PRODUCT CODE: 1274708
PUBLISHER: The Business Research Company | PRODUCT CODE: 1274708
“Polyurethane Processing Machine Global Market Report 2023 ” 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.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
Major players in the polyurethane processing machine market are Linde plc, Frimo Inc, Rim Polymer Industries Pte. Ltd., KraussMaffei, Hennecke GmbH, Graco Inc., Saip Surl, LEWA GmbH, Polytec Industrial, Linden Industries LLC., AutoRIM, Cannon USA, Covestro AG, Kymofoam Inc, and Zhejiang Lingxin Machinery Co. Ltd.
The global polyurethane processing machine market is expected to grow from $3.59 billion in 2022 to $3.83 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The polyurethane processing machine market is expected to reach $4.52 billion in 2027 at a CAGR of 4.3%.
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.
Polyurethane processing machines refer to equipment that accurately applies coatings, elastomers, and spray insulation for use in a variety of industries. It is used to cushion rebound elastic components, integral skin, and hard raw materials like rotationally molded items, bus and chair upholstery, panels, shoe heels, transmission compressors, and hollow constructions.
Asia-Pacific was the largest region in the polyurethane processing machine market in 2022. The regions covered in polyurethane processing machine report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of polyurethane processing machines are high-pressure and low-pressure. A high-pressure polyurethane machine refers to a particularly created device for the automatic mixing and pouring of polyurethane to produce polyurethane goods. The products involved are mixing heads, metering equipment, foaming equipment, and others that are used for construction, automotive, medical, consumer products and others.
The increasing construction of residential and commercial buildings is expected to boost the growth of the polyurethane processing machine market going forward. The construction sector refers to the area of business and manufacturing that is concerned with building, preserving, and fixing infrastructure. Polyurethane rigid foam is crucial to the structural integrity of both commercial and residential structures in the construction sector. It decreases noise while also offering excellent insulation for walls, doors, and windows. Hence, the increased construction of residential and commercial buildings is will lead to an increase in the demand for polyurethane processing machines. For instance, according to a 2022 report published by the bureau of economic analysis (BEA), a US-based government organization that provides official macroeconomic and industry statistics, the size of the US construction industry increased from $1.916 trillion in the first quarter of 2021 to $2.016 trillion in the first quarter of 2022. Therefore, the increasing construction of residential and commercial buildings is driving the growth of the polyurethane processing machine market.
Technological advancements are the key trend gaining popularity in the polyurethane processing machine market. Major companies operating in the polyurethane processing machine market are focusing on developing technologically advanced to sustain their market position. For instance, in October 2021, Huntsman Corporation, a US-based manufacturer and marketer of chemical products, launched the ACOUSTIFLEX LE and RUBIFLEX LE, a new range of low-emission polyurethane systems for automotive interiors. These cutting-edge technologies enable global foam producers and automotive formulators to create high-performance polyurethane foams while drastically lowering interior emissions levels to satisfy OEM regulations. The first fully commercialized technologies on the market are the line of low-emission polyurethanes from ACOUSTIFLEX LE and RUBIFLEX LE. These goods were created for components used in sound insulation and seating for automobiles. They are frequently employed in the production of a wide variety of industry-standard automobile components, simplifying supply chains and reducing the variety of PU materials that companies must buy.
In January 2021, Uratex, a Philippines-based foam and mattress manufacturing company, acquired Hennecke GmbH for an undisclosed amount. The acquisition is anticipated to significantly boost Uratex's position. Hennecke GmbH is a Germany-based slab stock machinery and equipment company specializing in designing and manufacturing polyurethane processing machinery, innovative systems, and improved technology.
The countries covered in the polyurethane processing machine market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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.
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.