Global MEA Polyurethane Market: Overview
Polyurethanes are generally produced by the reaction of diisocyanates with blended polyol. However, in case of requirement of polyurethane foam, the production process employs additional chemicals, such as amine or metallic salt catalysts, auxiliary blowing agents, and silicone surfactants to achieve the desirable qualities of polyurethane foam. Amine catalysts such as monoethanolamine are used to control balance gelling and gas forming or foaming reactions meant for foam formation. The resulting polyurethane foam, also referred to as MEA polyurethane, plays an important role in daily life. Typical applications of MEA polyurethane include insulation, floatation, cushioning, and packaging. Polyurethane foam is used in mattresses, upholstered furniture, car seats, etc.
It is also employed in sponges used for daily chores in kitchen, medical dressings, soundproofing systems, etc. It can also be employed as adhesive in construction and transportation applications. The MEA polyurethane market is anticipated to expand at a significant pace during the forecast period, owing to the increasing demand for MEA polyurethane in various end-user industries. However, MEA polyurethane faces a major threat from substitutes such as biodegradable polymer foams. The preference of the users of MEA polyurethane is shifting toward biodegradable polymer foams, owing to the rise in prices of petroleum products and a gradual decline in its availability. Furthermore, several environmental and waste problems are associated with the use of petroleum-based products. Nevertheless, the MEA polyurethane market is poised for steady growth during the forecast period.
Global MEA Polyurethane Market: Key Segments
In terms of product type, the MEA polyurethane market can be bifurcated into flexible and rigid. Rigid MEA polyurethane is primarily employed as insulation and floatation, while the flexible one is used for cushioning and packaging applications. Currently, the flexible segment dominates the market. The segment is expected to continue its dominance during the forecast period. The flexible segment is anticipated to expand at a significant pace during the forecast period.
In terms of application, the MEA polyurethane market can be segmented into insulation & floatation and cushioning & packaging. Currently, the market is dominated by the cushioning & packaging application segment. The segment is estimated to expand at a rapid pace during the forecast period.
In terms of end-use industry, the global MEA polyurethane market can be divided into consumer products, medical & healthcare, construction, transportation, and others. The consumer products segment leads the MEA polyurethane market. The global consumer products industry, especially in Asia Pacific, is projected to expand at a rapid pace in the near future.
Based on region, Asia Pacific is likely to dominate the global MEA polyurethane market during the forecast period, owing to the expansion in end-user industries in the region. Asia Pacific is the fastest growing and the most lucrative region for end-use industries such as consumer products, construction, and transportation. Countries such as China, India, Japan, and South Korea are among the prominent producers of automobiles, one of the large consumers of MEA polyurethane. China and India are among the rapidly growing countries for consumer products. The construction industry in China and India is expanding at a steady pace due to the increase in population in these countries. The MEA polyurethane market in Asia Pacific is expected to expand at a fast pace during the forecast period.
Global MEA Polyurethane Market: Key Players
Players operating in the global MEA polyurethane market include Esterpol Performance Resins, HEUBACH Corporation, and Interplasp.
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