Global Automotive Urethane Market 2023-2030

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    GLOBAL AUTOMOTIVE URETHANE MARKET

     

    INTRODUCTION

     

    Urethane automotive paint – Automobile coatings include automobile primer, intermediate coat, and finishing paint. According to the coating process, 92% of primer uses cathodic electric deposit (CED). It includes 90% cathode electrophoretic paint.

     

    Automotive urethane electrophoretic paint has excellent comprehensive performance. Polyurethane paint is a two-component coating with a wide range of applications. And it is easy to use. Such as thick coating, fairly smooth surface and chipping resistance.

     

    It also can be applied to rust protection steel plates perfectly. The proportion of Automotive urethane electrophoretic paint is becoming increasingly large.

     

    The Urethane Automotive Paint metallic paint is suitable for outdoor use. And it has the characteristics of aging resistance, weather resistance, yellowing resistance, no chalking, no discoloration, and the like. Urethane Automotive Paint metal paint is a kind of decorative metallic paint with high glossiness, bright reflection, and good fullness.

     

    The commonly used colors Urethane Automotive Paint paint for metal are mainly silver, gray silver, gold, and so on. The Urethane Automotive Paint metallic paint can be used for finishing the painting of landscape steel structures, Public buildings, bridges, highway guardrails, mechanical equipment, storage tanks, and so on.

     

    RECENT DEVELOPMENT AND INNOVATION

     

    S No Company Name Development
    1 Huntsman New Low-Emission Polyurethane Systems for Automotive Interiors are now available from Huntsman.  The ACOUSTIFLEXLE and RUBIFLEX LE polyurethane product lines are a new range of low-emission MDI-based foam solutions for automobile interiors. These cutting-edge technologies enable global foam producers and automotive formulators to create high-performance polyurethane foams while drastically lowering interior emissions levels to satisfy OEM regulations. 
    2 Marelli In particular, the primary dashboard panel can use the new lightweight automative polyurethane foam that Marelli has created for all foam-in-place (FIP) applications. In comparison to the already used foam, it reduces weight with innovative tooling, reduces foam thickness by 50% to promote stylistic aesthetics, and lowers raw material prices.

     

    The first fully commercialized technologies are the portfolio of low-emission polyurethanes from ACOUSTIFLEX LE and RUBIFLEX LE. These goods were created for components used in sound insulation and seating for automobiles. 

     

    They are frequently employed in the production of a wide variety of industry-standard automobile components, simplifying supply chains and reducing the variety of PU materials that companies must buy. Additionally, they have received final certification from a number of top manufacturers of interior components around the world.

     

    The new foam also lessens the environmental effect of automobile production through its reduced material usage per part, lower density, and 80% reduction in volatile organic compounds (VOCs), in keeping with the industry’s increasing focus on sustainability and eco-friendly materials. 

     

    For effectively producing the much-desired soft feel in key touch surface areas, such as the main dash panel, door panels, and center console armrest, FIP technology is a staple in vehicle interiors. 

     

    Marelli will use this innovative foam mostly in the main dash panel, which houses the glove box, infotainment system, and instrument cluster.

     

    The automotive industry is making steady progress toward its sustainability goals as it responds to consumer preferences and new laws governing emissions from interior components that affect vehicle interior air quality, such as national laws in many nations, new international ISO standards, or initiatives like the EU’s Circular Cars Initiative policy action roadmap.

     

    Huntsman has responded to the industry’s need to reduce emissions of interior components by incorporating sustainability into its product lines using low emission (LE) forward-thinking technologies. As a result, PU technologies that provide cutting-edge comfort are made cleaner, lighter, and more circular for manufacturers and drivers

     

    Additionally, automotive urethane paints are available in a variety of hues and can be mixed to create a variety of finishes, including solid colors, metallic effects, and pearl effects.

     

    This adaptability enables automakers to provide customers with a range of aesthetic choices, and it also appeals to people who wish to customize their cars with distinctive paint jobs.

     

    The goals achieved are even more significant given that it can be challenging to reduce weight in plastic parts without losing strength, durability, or functionality. 

     

    GLOBAL AUTOMOTIVE URETHANE  MARKET SIZE AND FORECAST

     

    infographic: Automotive Urethane Market, Automotive Urethane Market Size, Automotive Urethane Market Trends, Automotive Urethane Market Forecast, Automotive Urethane Market Risks, Automotive Urethane Market Report, Automotive Urethane Market Share

     

    The Global Automotive Urethane Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

     

    GLOBAL AUTOMOTIVE URETHANE MARKET DYNAMICS

     

    Rising desire for lightweight cars, favourable regulatory fuel emissions rules, and rising demand for passenger and commercial vehicles would increase urethane and polyurethane consumer needs in the automotive industry.

     

    These PU materials can be utilized in automobile upholstery to enhance durability while also decreasing total vehicle weight, lowering CO2 emissions, and increasing vehicle lifetime. Supporting government regulations requiring the use of PU goods in automobiles to reduce CO2 emissions, as well as the low cost of production compared to other materials competitors, has stimulated regional industry size.

     

    Polyurethane materials are produced by chemical reactions of polyols and diisocyanatos in the form of soluble additives including catalysts. Improved production utilisation in seat polyurethane foam, interior trim, steered paddles, dashboards, and fenders has resulted in a reduction altogether.

     

    The passenger car, hence boosting automotive revenue growth This manufacturer’s high adaptability and simple processability help auto makers to generate a wide range of shapes and designs for their vehicles.

     

    This consequently supporting overall urethane industry for the automotive industry’s development. Increasing consumer amount of high luxury automobiles such as BMW, Audi, including Mercedes as a result of improved economic levels and high spending power will drive the use of polyurethane goods in Iran, the United Arab Emirates, and Saudi Arabia.

     

    Furthermore, the usage of PU goods in automotive interiors helps manufacturers reduce manufacturing costs while also making the automobiles marketable. The transportation industry is a major source of Greenhouse gas emissions.

     

    GLOBAL AUTOMOTIVE URETHANE MARKET SEGMENTATION

     

    The Global Automotive Urethane Market can be segmented into following categories for further analysis.

     

    By Application

    • Entry Level Vehicles
    • Mid-Level Vehicles
    • Luxury Class Vehicles

     

    By Product Type

    • Rigid Foam
    • Flexible Foam
    • Coating
    • Adhesives
    • Sealants
    • Elastomers

     

    By Operational Focus Type

    • Passenger Vehicles
    • Light Commercial Vehicles
    • Heavy Commercial Vehicles

     

    By Architecture Type

    • Hybrid Propulsion Vehicle
    • BEV
    • PHEV
    • Fuel Cell Vehicle

     

    By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region

     

    RECENT TECHNOLOGICAL TRENDS IN GLOBAL AUTOMOTIVE URETHANE MARKET

     

    The growing need for ultralight and high-performance nanocomposite from the automotive sector is propelling the market forward. Polyurethane (PU) is a popular alternative to metallic materials in vehicle industries such as seats, junction boxes, exterior screens, powertrain enclosure, and connections & wires.

     

    The use of Thermoplastic Polyurethane (TPU) in automotive parts can significantly reduce the total mass of autos, hence reducing the energy consumption.

     

    Furthermore, the decrease overall mass at loose locations allows for a reduction in noise levels, as well as a smoother ride. To enhance the productivity of autos and to keep up with the current trends of lightweight materials, automotive manufacturers are working mostly on automobile parts mixture of different types of polymers.

     

    Companies have switched toward employing plastics in automobiles to improve fuel economy. Instrumentation panelling, bodywork screens, automobile dashboards, and powerplant chambers are examples of automotive parts.

     

    Because of their outstanding weatherability, toughness, and chemical resistance, three separate polyurethanes are employed in a wide range of professional surface coatings.

     

    Traditional two-component polyurethanes must often balance cure speed and pot life when developed as ambient-cured systems.

     

    One notable advantage is that it allows to decouple tank duration with curing velocity, allowing for the creation of coating formulations substantially extended pot lives without losing speedy hardness formulation and dry duration.

     

    These characteristics can provide the applicator with a speedier return to operation, increased production productivity, and reduced material waste. Other coating advantages include strong corrosion and moisture protection, as well as quick standability.

     

    NEW LAUNCHES

     

    Desmodur eco N 7300 aqueous polyurethane coating technology was introduced by Covestro. The instrument panels, door panels, and centre consoles are just a few examples of the plastic automobile components that this product is specifically made for. As these components are subject to a lot of wear and tear, it provides high scratch and chemical resistance, which is crucial.

     

    There are no solvents or volatile organic chemicals in Desmodur eco N 7300, making it a sustainable and environmentally friendly product. Additionally, it is quick to dry and easy to apply, both of which can increase production productivity and efficiency.

     

    Overall, Desmodur eco N 7300’s introduction demonstrates Covestro’s dedication to creating cutting-edge, environmentally friendly automotive solutions. There will probably be additional product introductions and developments in automotive urethane technology as the sector develops.

     

    A high-performance, one-component adhesive and sealant made especially for use in auto body repair is 3M’s Polyurethane Adhesive sealant 550 Fast Cure. It is a quick-curing compound that works well on a range of substrates, including glass, metal, and plastic.

     

    In applications including panel bonding, seam sealing, and sound deadening, this adhesive sealant’s outstanding adhesion and high-strength bonding make it the perfect choice. It is perfect for usage in challenging automotive applications since it is resistant to impact, vibration, and weathering.

     

    COMPETITIVE LANDSCAPE

     

    Increasing Corporate Average Mileage have compelled automakers to look for novel ways to reduce fuel use. Because of the inherent relationship between mass and fuel consumption, vehicle weight is an important factor in these regulatory requirements.

     

    Furthermore, the reduction in mass at loose locations implies a reduction in noise and vibration, as well as a smoother ride. To enhance the productivity of autos and to keep up with the current trends of lightweight materials, automotive organizations are working mostly on automobile parts made of various types of polymers.

     

    DuPont Solutions is focusing on production and elemental requirements of better and efficient electronic based systems within the market. The BETASEAL sealants are often used in automobiles to connect stationary glass.

     

    To provide such a complete solution for window binding situations, BETASEAL glass bonded solutions include BETAPRIMETM primers, BETACLEAN cleansers, and BETASEAL urethane adhesive.

     

    Revolutionary compositions offer a wide variety of mechanical qualities to meet the needs of all manufacturers and are consistent including all automotive manufacturing processes.

     

    Using this material, EV battery packs and panels may now be built and maintained without affecting sealing performance. This innovative electronically isolating glue joins covered metallic, pre-treatment thermosetting, composites, as well as any multi-material combinations.

     

    BASF is growing towards more inclined development with newer and better optimisation requirements in terms of incorporated technology integrations.

     

    The Elastoskin, an in-mould-coating (IMC) spraying skinned, and Elastollan, a pretty difficult aromatic thermoplastic polyurethane, are both examples of Elastoskin (HPM-TPU). These plasters separate out and for their opulent appearance and superb feel.

     

    Because it is additionally back foamed, the IMC spray skin, a fragrant PU technology, is quite soft. That is what is used in locations where strong haptic qualities in reaction to pressure are desired, also including industrial applications, armchairs, and inside door panelling.

     

    Back-foamed parts with Elastollan surfaces are not used. Furthermore, the lightfast TPU eliminates the ordinarily obligatory arduous off-line spraying procedure. Door knobs, console table coverings, as well as cup holders are some standard techniques.

     

     
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2023-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2023-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2023-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
       
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