GCC Polyurethanes Market

GCC Polyurethanes Market GCC Polyurethanes Market By Raw Material (Polyols, MDI, TDI, and Others),

By Product (Flexible Foam, Rigid Foams, Coatings, Adhesives & Sealants, Elastomers, and Others), End User (Building & Construction, Automotive & Transportation, Bedding & Furniture, Appliances & white goods, and Others), and By Countries (UAE, Saudi Arabia, Oman, Kuwait, and Rest of GCC) – Opportunities & Forecast, 2020-2027

GMI Research

GMI Research See the Future Insights 1

The report prepared by the GMI Research includes an in-depth analysis of the global market and a thorough research undertaken by the analysts. An extensive study of this market alongside the fundamental aspects that may influence the commercialization graph of this industry has been given in the study. The market study covers various aspects such as geographical growth opportunities, market size, and important vendors in the market, driving factors, segmental evaluation, constraints, and competitive landscape.

Top Companies of the GCC Polyurethanes Market: • Covestro AG • BASF SE • The Dow Chemical Company • Wanhua Chemical Group Co.,Ltd. • Huntsman International LLC • Crain Communications, Inc. • Baalbaki Chemical Industries • Mitsui Chemicals Inc. • DeltaChem Middle East LLC • HANNECARD Saudi Drivers of the GCC Polyurethanes Market: The key factor accelerating the growth of the GCC polyurethanes market includes the unique features provided by it such as versatility and exceptional structural properties, including high abrasion resistance, flexural strength, high tear resistance, good electrical insulating properties, high tensile strength, extreme temperature resistance, and better color stability in outdoor applications. Growing usage of polyurethanes in a wide variety of consumer and industry applications such as household furniture, packaging plastics, shoes, automotive parts, adhesives, electrical potting compounds, coatings, sealants, pipes, water heaters, insulations for tanks, refrigerators, and freezers, among other applications are some factors fuelling the growth and development of the market in the GCC region.

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Rising demand for polyurethane in the building and construction sector due to its durability with lower thermal conductivity and ability to resist external impacts is projected to surge the growth of the market. They are widely used in insulating, airsealing homes and buildings, which help protect the building against severe weather conditions, decrease air leakage, and reduces greenhouse gas emissions, that can minimize utility bills and enhanced indoor air quality. In addition to this, polyurethanes are being increasing used in home furnishings such as bedding, furniture, and carpet underlay.

The growing demand for furniture in the residential and commercial sector, rising construction sector in GCC countries, coupled with major infrastructural projects, including the NEOM city, InterContinental Hotel Project, Orchid Villas Project, DoubleTree Hilton Hotel Project, Al Faisaliah City, Al Noor City, New Jeddah Downtown, Government Housing Plans, Kuwait’s Silk City, and Oman’s Duqm Port, among others are further projected to upsurge the demand of polyurethanes in the region. On the other edge of the spectrum, the variation in raw material costs and availability of alternatives products, including fiberglass and polystyrene foam, are the key factors hindering the growth of the GCC polyurethanes market during the forecast period.

Segmentation of the GCC Polyurethanes Market:

By Raw Material: • Polyol • MDI (Methylene diphenyl Diisocyanate) • TDI (Toluene Diisocyanate) • Others

By Product: • Flexible foam • Rigid foam • Coating • Adhesive & sealants • Elastomers 3

• Others

By End-User: • Building & construction • Automotive & transportation • Bedding & furniture • Footwear • Appliances & white goods • Others

By Countries: • UAE • Saudi Arabia • Oman • Kuwait • Rest of GCC About GMI Research GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use a tailored methodology to study every market in detail because one size doesn’t fit all.

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