Polyurethane Additives Market Overview 2020-2025: Diversely changing Market Trends with Potential Business Growth

Latest research report on “Polyurethane Additives Market” now available at high quality database of ReportsnReports.com with market size, share, trends, competitive and statistical analysis. An exclusive data offered in this report is collected by research and industry experts team.

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The polyurethane additives market is projected to register a CAGR of 4.2%, in terms of value, between 2020 and 2025.”

The market size of polyurethane additives is estimated at USD 3.7 billion in 2020 and is projected to reach USD 4.5 billion by 2025, at a CAGR of 4.2%. The growing demand for innovative and cost effective additives along with the increasing demand for polyurethane additives in the construction industry of the emerging countries is driving the demand for polyurethane additives. The industrial development in emerging countries and the growing demand for environment-friendly polyurethane additives has created a growth opportunity for the polyurethanes market. However, the volatility in raw material prices and the recyclability of polyurethane additives is hampering the growth of the market. The increasing regulatory pressure for shifting towards eco-friendly products is creating a challenge for the polyurethane additives market.

“The flame retardants type segment to register the fastest growth during the forecast period.”

Flame retardants of concern include organ halogen and organophosphate chemicals such as polybrominated diphenyl ethers (PBDEs) and chlorinated tris (TDCPP). There are various types of flame retardants such as brominated flame retardants, chlorinated flame retardants, phosphorous-based flame retardants, and some inorganic flame retardants. These are used to produce high quality polyurethanes that are used in various applications such as electronic, automobile, and building & construction.

“The foams application to be the largest consumer of polyurethane additives.”

Polyurethane foams are manufactured by reacting polyols and isocyanates in the presence of a blowing agent and an amine catalyst. The blowing agent is carbon dioxide, which is formed as a by-product of the reaction between water and isocyanate. The amine catalyst is known to accelerate the reaction. Polyurethane foams are of two types, namely rigid polyurethane foam and flexible polyurethane foam. Foams offer various properties such as comfort and insulating properties when used in various industries such as automotive and building & construction, which is driving the market.

“The automotive & transportation industry to be the largest consumer of polyurethane additives.”

Polyurethanes are used in various parts of an automobile. In addition to the foam that makes car seats comfortable, bumpers, interior “headline” ceiling sections, the car body, spoilers, doors and windows all use polyurethanes. Polyurethane enables manufacturers to provide drivers and passengers significantly more automobile mileage by reducing weight and increasing fuel economy, comfort, corrosion resistance, insulation, and sound absorption.

“APAC is projected to be the largest polyurethane additives market during the forecast period.”

The polyurethane additives market in APAC is projected to register the highest CAGR during the forecast period. The foams market in APAC is driven by the growing construction industry, increased consumer spending, and strong economic growth.

This study was validated through primary interviews conducted with various industry experts worldwide. The primary sources were divided into three categories, namely, company type, designation, and region.

  • By Company Type – Tier 1: 25%, Tier 2: 50%, and Tier 3: 25%
  • By Designation – C Level: 30%, Director Level: 50%, and Others: 20%
  • By Region – APAC: 30%, Europe: 25%, North America: 20%, South America: 15%, and the Middle East & Africa: 10%

The report profiles several leading players of the polyurethane additives market such as Evonik Industries (Germany), BASF (Germany), Huntsman Corporation (US), Covestro (Germany), Dow Inc. (US), Lanxess AG (Germany), Albemarle Corporation (US), Tosoh Corporation (Japan), Momentive (US), and BYK (US). The report also includes detailed information about various growth strategies adopted by these key players to strengthen their position in the polyurethane additives market.

Research Coverage:

The report offers insights into the polyurethane additives market in the key regions. It aims at estimating the size of the polyurethane additives market during the forecast period and projects future growth of the market across various segments based on type, application, end-use industry, and region. The report also includes an in-depth competitive analysis of the key players in the polyurethane additives market, along with company profiles, SWOT analysis, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help leaders/new entrants in the polyurethane additives market by providing them with the closest approximations of revenues for the overall market and its various sub-segments. This report will help stakeholders obtain a better understanding of the competitive landscape and gain insights to enhance their businesses and devise suitable market strategies. The report will also help stakeholders understand the pulse of the market and help acquire information on key market drivers, restraints, challenges, and opportunities affecting the growth of the polyurethane additives market.

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