Polyurethane (PU) Resin Price Trend

Polyurethane (PU) Resin Prices December 2023

The price of polyurethane (PU) resin in the USA for Q4 2023 reached 1,885 USD/MT. Initially the prices decreased by 1.5% but in the later phase it increased by 2% owing to the elevated prices of feedstock methylene diphenyl diisocyanate and toluene diisocyanate.

In China, polyurethane (PU) resin price experienced fluctuations during the fourth quarter of 2023 and reached 3,611 USD/MT. The prices of the product decreased by 2% in October and increased by 3% in November and December.

During the fourth quarter of 2023, the prices for polyurethane (PU) resin in Germany witnessed bearish trend and reached 2,782 USD/MT. Decreased prices of methylene diphenyl diisocyanate and toluene diisocyanate is responsible for this trend in the country.

Polyurethane (PU) Resin Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Polyurethane (PU) Resin Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of polyurethane (PU) resin pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of polyurethane (PU) resin at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of polyurethane (PU) resin price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing polyurethane (PU) resin price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Polyurethane (PU) Resin Market Analysis

The global polyurethane (PU) resin market size reached 2,633 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach 4,198.1 Thousand Tons, at a projected CAGR of 5.30% during 2023-2032.

• In the construction industry, insulation, sealants, and adhesives are produced with the help of PU resins. The thriving construction industry, particularly in emerging nations, are driving the demand for PU resins around the world.
• The demand for PU resin is being reinforced by its utilization in the automotive sector. To manufacture interior components, seat cushions, and coatings, PU resin is highly preferrable. Better still, with the growing demand for electric vehicles, lightweight and durable materials that would readily come into play are the PU resins.
• According to the IMARC Group’s report, the global furniture market reached US$ 660.5 Billion in 2023. The furniture industry remains the largest consumer because of the enormous use of the resin in making foam cushions, adhesives, and coatings. People are preferring aesthetic and premium furniture due to the rise in disposable income of individuals in developing countries.
• The PU resin further amplified by its employment in flexible packaging, which is a precursor in packaged food and beverage products and consumer goods. The excellent barrier properties, durability, and flexibility makes it highly preferable for flexible packaging.
• The polyurethane (PU) resin market share is increasing with ongoing advancements in PU resin technology. The emergence of bio-based and waterborne PU resins strongly changes the way companies and industries run their work across the globe. These innovations also catalyze the demand for environmentally friendly and sustainable material.
• Rapid urbanization is directly proportional to increasing construction activities as infrastructure is needed to accommodate rising population. The use of insulation foam is increasingly becoming a material of high preference, addressing issues such as various regulatory standards that demand urban buildings to be more energy-efficient and better insulated. The World Bank published in 2023 on its site that by 2045, the urban population in the world will rise to 6 billion—this rate 1.5 times the actual.
• The market share is also expanding as there is a requirement of materials in industries that can help reduce environmental footprints and carbon emissions. The waterborne and solvent-free variants of PU resin are increasingly popular due to their vital role in compliance with regulations.

Polyurethane (PU) Resin News

The report covers the latest developments, updates, and trends impacting the global polyurethane (PU) resin market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in polyurethane (PU) resin production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the polyurethane (PU) resin price trend.

Latest developments in the polyurethane (PU) resin industry:

• In 2023, Carpenter Co. acquired Recticel N.V.’s Engineered Foams Division to produce high-quality polyurethane foams and specialty polymer products.
• In 2023, DIC Corporation announced the release of the HYDRAN™ GP series of environment-friendly waterborne polyurethane resins with higher solid content as compared to conventional water-based polyurethane resins.

Product Description

Polyurethane is a polymeric, versatile compound formed from the chemical reaction between polyol and diisocyanate. This very chemical reaction enables the formation of a wide range of PU materials, such as great durability, chemical resistance, flexibility, and resilience. To meet specific application requirements, PU resin can be customized via adjusting the types and proportions of additives, raw materials, and processing conditions.

PU foams do a lot in terms of increasing the energy efficiency, thermal insulation, and moisture resistance of residential, commercial, and industrial buildings. PU sealants and adhesives also play a number of fairly important roles in sealing joints, windows, and doors with a very strong bond and weatherproofing property.

Beyond construction industry, PU resins find applications in the footwear industry to manufacture outsoles, midsoles, and synthetic leather. Various properties offered by PU midsoles and outsoles like shock absorption, durability, and cushioning makes them highly preferable in this industry.

Regional Coverage

The report provides a detailed analysis of the polyurethane (PU) resin market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the polyurethane (PU) resin price trend. 

Global Polyurethane (PU) Resin Price

The report offers a holistic view of the global polyurethane (PU) resin pricing trends in the form of polyurethane (PU) resin price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of polyurethane (PU) resin but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed polyurethane (PU) resin demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Polyurethane (PU) Resin Price

In Europe, polyurethane resin prices are on a bearish trend in the fourth quarter of 2023, with offers adjusted lower by around 6% in the quarter, powered by lower levels in the cost of feedstock methylene diphenyl diisocyanate and toluene diisocyanate.

During the first quarter of 2024, the prices of PU resin in Europe showcased a mixed sentiment. In January 2024, the prices of the product declined by 5% owing to lack support from production costs. But in February 2024, the market experienced 5% increase in prices.

This analysis can be extended to include detailed polyurethane (PU) resin price information for a comprehensive list of countries.

North America Polyurethane (PU) Resin Price

In the North America region, prices for polyurethane resin were noted to be down by 1.5% in the fourth quarter of 2023, after which they dramatically increased by 2%. These fluctuations can be attributed to the prices of feedstock methylene diphenyl diisocyanate and toluene diisocyanate in the region.

The prices of PU region in the North America region witnessed mixed trend during the opening quarter of 2024 due to the low demand from downstream industries, along with challenging weather conditions. However, towards the end of this quarter construction and automotive industries started expanding which positively influenced the market.

Specific polyurethane (PU) resin historical data within the United States and Canada can also be provided.

Middle East and Africa Polyurethane (PU) Resin Price

The report explores the polyurethane (PU) resin pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on polyurethane (PU) resin prices for countries can also be provided.

Asia Pacific Polyurethane (PU) Resin Price

The prices for PU resin experienced most fluctuations in the Asia Pacific region during the fourth quarter of 2023. In October, the prices declined by 2% but in November they increased by 3%. During October the prices declined due to the price of feedstock, however, later festive season improved the purchasing sentiments of buyers.

Prices of PU resin in the Asia-Pacific market for March 2024 remained bearish, with the cost of toluene diisocyanate (TDI) and polyols floating higher and downstream demand remaining lackluster overall.

This polyurethane (PU) resin price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Polyurethane (PU) Resin Price

The analysis of polyurethane (PU) resin prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of polyurethane (PU) resin pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting polyurethane (PU) resin price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The polyurethane (PU) resin price charts ensure our clients remain at the forefront of the industry.