Polyurethane Additives Market Research Report - Global Forecast Till 2030

Polyurethane Additives Market: Information by Type (Antioxidants, Catalysts, Emulsifier, Stabilizers, Fillers, Flame Retardants and others), by Applications (Flexible Foam, Rigid Foam, Coating, Adhesives & Sealants and others), by End-Use Industry (Building & Construction, Automotive & Transportation, Furniture, Packaging and others), by Region (North America, Asia-Pacific, Europe, Latin America and Middle East & Africa) - Forecast till 2030

ID: MRFR/CnM/3485-HCR | February 2021 | Region: Global | 140 pages

Polyurethane Additives Market

The global polyurethane additives market is expected to witness a growth of over USD 3.5 billion by 2028, with a CAGR of 6.77% during the forecast period (2021-2028).

Segmentation

By Type Antioxidants Catalysts Emulsifier Stabilizers Fillers Flame Retardants Others
By Applications Flexible Foam Rigid Foam Coating Adhesives & Sealants Others
By End-Use Industry Building & Construction Automotive & Transportation Furniture Packaging Others

Key Players

  • BASF SE (Germany)
  • Covestro AG (Germany)
  • Evonik Industries AG (Germany)
  • Kao Corporation (Japan)
  • Huntsman International LLC (US)
  • Tosoh Corporation (Japan)
  • The Dow Chemical Company (US)
  • Momentive (US)
  • Air Products and Chemicals Inc. (US)
  • Suzhou Xiangyuan Special Fine Chemical Co. Ltd (China)

Drivers

  • The changing consumer's awareness towards a healthier lifestyle
  • Food
  • Non-consumable products
  • Growing usage of biodegradable
  • Recyclable packaging
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Market Overview


The global polyurethane additives market is expected to witness a growth of over USD 3.5 billion by 2025, with a CAGR of 6.77% during the forecast period.


Polyurethane is a polymer which is composed of organic units and linked by urethane. Polyurethanes are produced 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 to serve the desired purpose. They are majorly used to enhance features 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 which makes the polymer cheaper, oil components to improve rheology and flame retardants to enhance the thermal stability of a polymer. The polyurethane additives confer some of the essential properties to the parent material such as low density, flexibility, durability, more exceptional weather ability along with resistance to heat, light, and impact.


Moreover, the addition of additive in flexible foams helps to improve the comfort properties of upholstered furniture, automobile interiors, and mattresses. The polyurethane additives market is further expected to gain market traction due to its increasing demand in polyurethane rigid foam applications, which adds up to the insulation properties of construction materials and refrigerators. The types of polyurethane additive can be summed up as antioxidants, catalysts, emulsifier, stabilizers, fillers, and flame retardants, among the others. Owing to these factors the polyurethane additives is expected to gain major traction during the forecast period.


The polyurethane additives market is majorly driven by the changing consumer's awareness towards a healthier lifestyle, food, and non-consumable products. Other factors driving the growth of the global polyurethane additives market is the growing usage of biodegradable and recyclable packaging. This is expected to fuel the demand for polyurethane additives, which helps to address environmental concerns. Moreover, the major factors favoring the growth of the market include rapid urbanization, which is boosting the building & construction activities coupled with the rising demand for polyurethane from the furniture and footwear industry. Additionally, increasing demand for the automotive and rapid growth of the transportation sector is anticipated to fuel demand for the product during the review period.


However, some of the operating factors are expected to hamper the growth of the global polyurethane additives market during the forecast period. The major restraints are its 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.


Key Players


Some of the key players operating in the global polyurethane additives market are BASF SE (Germany), Covestro AG (Germany), Evonik Industries AG (Germany), Kao Corporation (Japan), Huntsman International LLC (US), Tosoh Corporation (Japan), The Dow Chemical Company (US), Momentive (US), Air Products and Chemicals, Inc. (US), and Suzhou Xiangyuan Special Fine Chemical Co., Ltd (China).


Global Polyurethane Additives Market Share, by End-Use Industry, 2018 (%)  Polyurethane Additives Market


Source: MRFR Analysis


Regional Analysis


Asia-Pacific is the largest market of polyurethane additives due to increasing demand for polyurethane additives in the region, which is driven by the growing construction activities undertaken by both government and private players. The developing countries such as China, India, Japan, South Korea, and other South-East Asian countries are investing heavily in infrastructural activities, which is likely to fuel the demand for the rigid foam, in turn, polyurethane additives. Owing to the growing demand for elastomers in buildings & construction industry coupled with rising applications of rigid foams for insulation is a major factor for the upsurge growth of the polyurethane additives market in the Asia Pacific region. The reduction of energy costs associated with heating and cooling requirements is further augmented towards the market growth in the region. Emerging economies, such as China and India, are expected to lead the market, owing to their application in end-user industries coupled with the growing demand for high-quality consumer products.


The Asia Pacific is trailed by North America, which is the second-largest region in the global polyurethane additives market. The growth of the market in this region is attributed to reconstruction activities and rising demand from the automotive sector, especially from the sports cars sector. The aircraft manufacturers drive primary application for polyurethane additives in the transportation sector in this region. Europe is another substantial market after North America in the global polyurethane additives market. The building & construction industry majorly drive the demand for the product in this region.


Latin America and the Middle East & Africa is expected to witness moderate growth in polyurethane additives market during the forecast period mainly due to applications of polyurethane additives in end-use industries such as construction and automotive industry.


Segmentation Analysis


The global polyurethane additives market has been segmented based on type, applications, end-use industry, and region.


Based on type, the global polyurethane additives market has been categorized as antioxidants, catalysts, emulsifier, stabilizers, fillers, flame retardants, and others.


By applications, the global polyurethane additives market has been divided into flexible foam, rigid foam, coating, adhesives & sealants, and others.


On the basis of end-use industry, the global polyurethane additives market has been classified as building & construction, automotive & transportation, furniture, packaging, and others.


The global polyurethane additives market, by region, has been segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.


Target Audience



  • Polyurethane Additives Manufacturers

  • Traders and Distributors of Polyurethane Additives

  • Research and Development Institute

  • Potential Investors

  • Raw Material Suppliers

  • National Laboratory



Report Scope:
Report Attribute/Metric Details
  Market Size

  • USD 3.5 billion
  • 2030: Significant Value
  •   CAGR

  • 6.77%
  • 2030 : Substantial Value
  •   Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Type, Applications and End-Use Industry
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   BASF SE (Germany), Covestro AG (Germany), Evonik Industries AG (Germany), Kao Corporation (Japan), Huntsman International LLC (US), Tosoh Corporation (Japan), The Dow Chemical Company (US), Momentive (US), Air Products and Chemicals, Inc. (US), and Suzhou Xiangyuan Special Fine Chemical Co., Ltd (China)
      Key Market Opportunities   Increasing demand for the automotive and rapid growth of the transportation sector is anticipated to fuel demand for the product.
      Key Market Drivers

  • The changing consumer's awareness towards a healthier lifestyle, food, and non-consumable products.
  • Growing usage of biodegradable and recyclable packaging.


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    Frequently Asked Questions (FAQ) :

    The polyurethane additives market is projected to grow at a 6.77% CAGR between 2017-2025.

    The polyurethane additives market is predicted to touch USD 3.5 billion by 2025.

    The APAC region is expected to command the largest share in the polyurethane additives market.

    It finds extensive applications in coating, sealants, adhesives, and more.

    Strict regulatory measures and fluctuating raw material prices may limit market growth.