Polyurethane prepolymers are formed by reacting polyol components and diisocyanate, which are common to polyurethane adhesives. The most common isocyanate used is toluene diisocyanate (TDI) or diphenylmethane diisocyanate (MDI). The other isolates used are aliphatic and unconventional isocyanates.
Polyurethane prepolymer finds its applications in coatings, adhesives & binders, sealants, elastomers, and other applications. Adhesives & binders segment is expected to gain major traction, which in turn is expected to favor the growth of the global polyurethane prepolymer market in the near future.
Market Dynamics
Among product type, MDI-based segment held the largest revenue share of 67.6% in the global polyurethane prepolymer market in 2022. The segment growth is driven by the extensive use of MDI in the manufacturing of polyurethane prepolymer, owing to its high tensile strength and excellent tear strength properties.
Among regions, in 2022, Asia Pacific held a dominant position in the global polyurethane prepolymer market and contributed a revenue share of 51.30% in the global market. Factors such as the growth of the construction industry supported by the rising investments in the industry in emerging economies such as China and India are anticipated to drive the demand for polyurethane prepolymers in the near future. According to the India Union Budget, FDI in construction development (townships, housing, built-up infrastructure and construction development projects) and construction (infrastructure) activity sectors stood at US$ 26.22 billion and US$ 28.64 billion, respectively, between April 2000-June 2022. In March 2022.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
*Browse 48 market data tables and 33 figures on "Global Polyurethane Prepolymer Market - Global forecast to 2030”.
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