Polyurethane Additives Market Share, Growth, Size, Demand, Key Player, Development Analysis and Forecast 2025

Market Research Future Published a Half-Cooked Research Report on Global Polyurethane Additive Market - Forecast to 2025

Global Polyurethane Additive Market is predicted to touch USD 3.5 billion at a 6.77% CAGR between 2017-2025, reveals the latest Market Research Future (MRFR) report. Polyurethane Additives are used for making high-performance products that are lightweight, yet strong, are versatile and durable, and perform well. Some of its different types include flame retardants, fillers, stabilizers, emulsifiers, catalysts, antioxidants, and others.

Various factors are propelling the Polyurethane Additive Market Growth. These factors, as per the new Market Research Future (MRFR) report, include rising demand from the footwear and furniture industry, rapid urbanization, increasing disposable income, reduction in energy costs related to cooling and heating needs, and increasing applications of rigid foams for insulation purposes. Additional factors propelling the growth of the polyurethane additive market include growing demand for cost-effective and more innovative additives, increasing use of bio-based products to manufacture greener products, burgeoning demand for cost-effective and innovative additives, and growing demand from building and construction industry, and automotive industry.

On the flip side, stringent government regulations and volatility in raw material costs are factors that are likely to impede the Polyurethane Additive Market growth over the forecast period.

Key Players:

Major Players Profiled in the Polyurethane Additive Market Report include Suzhou Xiangyuan Special Fine Chemical Co., Ltd (China), Air Products and Chemicals, Inc. (US), Momentive (US), The Dow Chemical Company (US), Tosoh Corporation (Japan), Huntsman International LLC (US), Kao Corporation (Japan), Evonik Industries AG (Germany), Covestro AG (Germany), and BASF SE (Germany). Key players have used numerous strategies to create a niche in the market, such as collaborations, mergers and acquisitions, and partnerships. 

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Industry News:

October 2019: Songwon Industrial will soon launch a new series of flame-retardant synergists at K 2019. This new series, with its synergistic effects, have been specially designed to offer competitive advantages and high performance in an array of applications.

Market Segmentation:

The MRFR report provides an all-inclusive segmental analysis of the Polyurethane Additive Market based on End Use Industry, Applications and Type.

Based on Type, the Polyurethane Additive Market is segmented into flame retardants, fillers, stabilizers, emulsifier, catalysts, antioxidants, and others.

Based on Applications, the Polyurethane Additive Market is segmented into adhesives and sealants, coating, rigid foam, flexible foam, and others.

Based on End Use Industry, the Polyurethane Additive Market is segmented into packaging, furniture, automotive and transportation, building and construction, and others.

Regional Analysis:

By Region, the Polyurethane Additive Market Report covers the latest trends and growth opportunities across the Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Of these, the APAC region will command the largest share in the market over the forecast period. This is chiefly on account of its growing demand due to increasing construction activities that are undertaken by private and government players alike. South Korea, Japan, India, and China are the key contributors in the region as they are investing heavily in infrastructural activities. Moreover, increasing demand for elastomers in the building and construction industry, increasing applications of rigid foams in insulation, and reduction in energy expenditure associated with cooling and heating needs is also adding to the market growth. China, as well as India, are predicted to lead the market due to the application of Polyurethane Additives in end use industries and the burgeoning demand for superior quality consumer products.

The Polyurethane Additive Market in North America is predicted to have the second-largest share in the market over the forecast period. This is chiefly on account of increasing demand from the automotive sector, particularly the sports car sector and growing reconstruction activities. Polyurethane Additives are widely used in aircraft manufacturing.

The Polyurethane Additive Market in Europe is predicted to have substantial growth over the forecast period owing to growing demand from the building and construction industry.

On the other hand, the Polyurethane Additive Market in the MEA and Latin America is predicted to have moderate growth over the forecast period chiefly on account of its extensive use in the automotive and construction industry.

Browse Key Industry Insights spread across 140 pages with 47 market data tables & 12 figures & charts from the report, “Polyurethane Additives Market Information: By Type (Antioxidants, Catalysts, Emulsifier, Stabilizers, Fillers, Flame Retardants and others), Applications (Flexible Foam, Rigid Foam, Coating, Adhesives & Sealants), End-Use Industry (Building & Construction, Automotive & Transportation, Furniture, Packaging) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2025” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/polyurethane-additive-market-4916               

                                                 

Polyurethane Additives Market Industry, Analysis, Share, Growth, Trends, Supply Forecast to 2025

Polyurethane is a polymer composed of organic units joined by urethane link. Polyurethanes are made from the exothermic reactions between alcohols with two or more reactive hydroxyl groups per molecule and isocyanate that have more than one reactive isocyanate per molecule. Polyurethane Additives are the minor components, which are added to modify some of its properties in order to serve the desired purpose. They are majorly used to enhance properties of the material to make it suitable for a specific application. The operation includes lowering the glass transition temperature to make the product softer, fillers to increase density and make polymer cheaper, oil components to improve rheology of and flame retardants to enhance thermal stability of a polymer. The Polyurethane Additives confer some important properties to the parent material such as low density, flexibility, durability, greater weather ability, and resistance to heat, light, and impact. The types of Polyurethane Additive can be summed up as antioxidants, catalysts, emulsifier, stabilizers, fillers, and flame retardants, among the others.

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The focus of consumers is changing from sedentary to a healthier lifestyle, not only when it comes to eating healthy but also using healthy non-consumable products. One of the major factors driving the growth of the Global Polyurethane Additives Market is enhanced usage of biodegradable and highly recyclable packaging. This is expected to fuel the demand for polyurethane additives, which helps to address environmental concerns. In addition to this, the major factors favoring the growth of the market include rapid urbanization, which is boosting the building & construction activities and rising demand for polyurethane from the furniture and footwear industry. Moreover, steadily increasing demand for automotive and rapid growth of transportation sector are anticipated to fuel demand for the product during the review period. However, the major bottlenecks identified in the market include, the volatility in prices of raw materials, which are primarily derived from the crude oil and stringent regulatory measures undertaken by some mature economies to phase out the use of harmful chemical products. Nevertheless, ongoing research in the field of green chemistry and development of an alternative product would help to find the way through this bottleneck in coming years.

Key Players:

Some of the prominent players operating in the Global Polyurethane Additive Market are Evonik Industries AG. (Germany), Covestro AG (Germany), BASF SE (Germany), Tosoh Corporation (Japan), Huntsman International LLC (U.S.), Kao Corporation (Japan), The Dow Chemical Company (U.S.), Air Products and Chemicals, Inc. (U.S.),Suzhou Xiangyuan Special Fine Chemical Co., Ltd (China), and Momentive (U.S.), among others.

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Segmentation:

The Global Polyurethane Additive Market is segmented based on type, application, end use industry, and region.

Based on the Type, the market is divided into antioxidants, catalysts, emulsifier, stabilizers, fillers, flame retardants, and others.

On the basis, the Application, the Global Polyurethane Additive Market is categorized into flexible foam, rigid foam, coating, adhesives & sealants, and others.

Based on the End Use Industry, the market is classified into building & construction, automotive, furniture making, packaging, footwear, and others.

Geographically, the Global Polyurethane Additive Market is divided into five key regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Regional Analysis:

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America are the major regions in Polyurethane Additives Market. Asia Pacific is projected to dominate the Global Polyurethane Additives Market with over 45% share of the market, as of 2016. The increasing demand for Polyurethane Additives in the region is driven by growing construction activities undertaken by both government and private players. The developing countries such as China, India, and Japan are investing heavily in infrastructural activities, which is likely to fuel the demand for the rigid foam, in turn, Polyurethane Additives. Furthermore, increasing demand from the automotive and transportation sector in this region is projected to propel the Polyurethane Additive Market. Europe tends to occupy a significant share of the Global Polyurethane Additive Market owing to the surging demand for the polyurethane-based products from established automotive and aerospace industry in this region. Moreover, the demand for household and electrical insulation to increase energy efficiency mingled with regulatory norms can drive the regional market. In terms of market size, the North America occupies comparatively smaller pie of share, among the three major regions, in the Global Polyurethane Additives Market. Yet, there is a rising demand for the products in the automotive interior, insulation, and furniture industry. The Middle East & Africa is a rapidly growing region in the Global Polyurethane Additive Market. The regional market for Polyurethane Additives has been driven by its demand for household insulation and growing infrastructure activities. Lastly, the lifestyle of people and economic scenario in Latin American countries namely Brazil, and Argentina is witnessing a positive change. Additionally, growing demand for the Polyurethane Additives for manufacturing foams from the construction and automotive industry is projected to drive the growth of the regional market.

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