Polyurethane Additives market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics has been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The Market share and Market size prominent players for 2020 to 2025 are profiled in this report.
The market for Polyurethane Additives is anticipated to register a CAGR of 6.0% during the forecast period.
The Polyurethane Additives market is highly competitive and consists of a number of major players: Air Products and Chemicals, Inc., Covestro AG, BASF SE, Dow, GEO Specialty Chemicals Inc., Huntsman International LLC, Eastman Chemical Company, Evonik Industries AG, KAO Corporation, Tosoh Corporation and Others
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Scope of the Report
One of the largest applications is the use of rigid PU foam as wall and roof insulation, insulated panels, and gap fillers for the space around doors and windows. Some rigid PU foams can be applied to seal gaps and cover irregular shapes. Such foams include spray, pour-in-place, and one-component foams, thereby augmenting the growth of the market.
Key Market Trends
Increasing Demand from the Automotive Industry
– The automotive industry provides one of the best examples of the diverse applications of PU materials. Nearly every type of PU product is used in the automotive end-user industry.
– Flexible PU foams are used in seating, headrests, arm rests, HVAC, and other interior systems for automotive, like in airliners, trains, and buses. PU coatings provide a vehicles exterior with the high gloss, durability, scratch resistance, and corrosion resistance. PU coatings are also used to glaze windshields and windows, increasing strength and providing fog resistance.
– PU elastomers protect against tire punctures and are used in other molded components, such as shock absorbers. Thermoplastic PU materials are used in the manufacture of many automotive parts, including exterior body parts, trunk liners, anti-lock brake systems, timing belts, and fuel lines. The unique properties of PU elastomers contribute for their exclusive usage in gaskets, O-rings, and other seals.
– Seating is the largest application of PU in the automotive industry. Many automotive seating manufacturers demand flexible foam producers for products made with bio-based polyols. However, market penetration of “green” PU is still in emergence in most global PU markets.
– Globally, more than 90% of automobiles are produced with bonded windshields and rear windows using one-component PU sealants. The automotive industry is the largest end-user industry for reaction injection molding (RIM) PU parts. RIM is used to maximize the shock absorption of vehicle fenders, bumpers, and spoilers, without adding weight or bulk.
– All the aforementioned factors, is expected to drive the global market during the forecast period.
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Asia- Pacific to Dominate the Market
– In Asia-Pacific, China is the largest economy in terms of GDP.
– The rapid growth of the furniture manufacturing industry in the country is majorly fueled by the increasing domestic demand, coupled with a significant demand from the foreign market.
– China accounted for almost 40% of the global furniture production. The production was further increased at a rapid rate, due to the increase in domestic demand and exports to European countries.
– The automotive production in China is expected to increase during the forecast period, owing to the popularity of electric vehicles, which is expected to propel the demand for PU additives in the country, in the coming years.
– Such mentioned factors are expected to increase the demand for polyurethane additives in the country.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Polyurethane Additives Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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