Polyurethane is polymer made from monomer units of urethane
(carbamate). Polyurethanes are versatile material which can converted in
various forms such as thermosetting plastics, thermoplastics and synthetic
rubber (elastomer). Most of polyurethanes are thermosetting plastics which do
not melt when heated. Most commonly polyurethanes are made by the reaction of
polyol and polyisocyanate.
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Commercially methylene diphenyl diisocyanate (MDI) and
diisocyanate (TDI) are used for production of polyurethanes. Different types of
polyurethanes are available in the market such as flexible polyurethane foam,
rigid polyurethane foam, thermoplastic polyurethanes and polyurethane binders
for variety of applications such as Automotive, building & construction,
Footwear, furniture & bedding, Electronics and many other applications.
Raw materials used for the production of polyurethanes are
polyol and isocynates. These materials are petrochemicals which are derived
from the crude oil. TDI and MDI are the commonly used Isocynates in the market.
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There are many big players who are into the MDI, TDI and polyol
market such as BASF, Bayer, Dow Chemicals, Sadara group and many more. Supply
of raw material is a factor for the production of polyurethanes. In the market
there is oversupply of the raw materials therefore the market is competitive.
Asia Pacific is the largest supplier of raw material for the production of
polyurethanes. There is no issue with supply of the raw material however the
price of raw material is not stable due to fluctuation in crude oil price.
These raw materials are derived from the crude oil therefore the fluctuation in
oil price is a big concern here.
The two major application areas that show significant benefits
in terms of energy efficiency from polyurethane are construction and
transportation. In building and construction use of Polyurethane in
polyurethane roof and wall insulation, wall and window insulation and pipe
insulation ensures that temperatures are maintained. Use of Polyurethane in
cars and trucks leads to a reduction in vehicle weight, and therefore provides
greater fuel economy. Polyurethane thermal insulation in refrigerators,
freezers, water heaters and other such appliances, requires less energy to
power these units.
Companies
profiled include
1 BASF
2 Dow Chemicals
3 Bayer
4 Saudi Basic Industries Corporation
5 Lyondell Basell Industries
6 DuPont
7 Lanxess
8 China National Petroleum Corporation
9 Braskem
10 Aryasasol
11 Indian Petrochemicals Corporation Limited
12 INEOS,
13 Formosa Plastics
14 Akzo Nobel/Imperial Chemical Industries
15 Evonik Industries
16 Asahi Kasei,
17 Toray Industries,
18 Chevron Phillips
19 PPG Industries,
1.
Executive Summary
2.
Market Overview
2.1. Market Definition
2.2. Value Chain Analysis
2.3. Strategic Recommendation
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