COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Polyurethane Resin Market
Polyurethane Resin Market is likely to witness an impressive CAGR of 6.2% during the forecast period. The major factors propelling the Polyurethane Resin Market are the increasing construction activities, growth in automotive & transportation sector, industrial development, and the stringent regulations regarding Volatile Organic Compound (VOC) control, including initiatives, such as REACH Europe and Clean Air Act, respectively.
North America is estimated to be the largest as well as the fastest-growing market for polyurethane resin during the forecast period, with China, Japan, Australia, and New Zealand being the major countries with lucrative growth opportunities. The growth of the region’s market is driven by the growth of various end-use industries, such as transportation and construction, which is generating huge demand for PU resins and the presence of a large number of polyurethane resin manufacturers in the region. Asia-Pacific and Europe are also expected to offer substantial growth opportunities during the forecast period.
Market Scope & Market Segmentation
Polyurethane Resin Market Share: By End-Use Industry Type
Based on the end-use industry type, the market is segmented as transportation, construction and others. The transportation segment is expected to govern the market owing to the increase in use of lightweight material to increase fuel efficiency and reduce carbon emissions.
Polyurethane Resin Market Share: By Manufacturing Process Type
Based on the manufacturing process type, the polyurethane resin market is segmented as pultursion, reaction injection molding, injection molding, resin transfer molding, filament winding, and spray up process. The pultursion process dominates the market, as there is an increasing demand for pultruded products in construction applications, such as window frame, cladding panels and shipping pallets.
Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
- What is the impact of COVID-19 on the market forecast?
- What are the trends, drivers, and challenges?
- How competitive is the market? Who are the market leaders?
- What are the key strategies adopted by the market players?
- Which segments offer the greatest opportunities?
- Which are the most attractive regions?
- What are the key success factors for the market players?
- How does the business environment impact the market?
- Which strategic alliances have taken place recently and their significance?
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
Know more about us:
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