Polyurethane consists of organic components connected by urethane links. The majority of polyurethanes available are thermosetting polymers that do not melt at high temperatures. Polyurethane is conventionally utilized and is produced with the help of a polyol and di or polyisocyanate.
Polyurethane additives are the chemical substances that are used in small quantities to enhance the properties of foams, adhesives, sealants, coatings, elastomers, and binders.
Market Analysis and Insights: Global Polyurethane Additives Market
Due to the COVID-19 pandemic, the global Polyurethane Additives market size is estimated to be worth US$ 2146.2 million in 2022 and is forecast to a readjusted size of US$ 2653.5 million by 2028 with a CAGR of 3.6% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Catalysts accounting for % of the Polyurethane Additives global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Automotive & Transportation segment is altered to an % CAGR throughout this forecast period.
Asia-Pacific region is dominant in the polyurethane additive market. The rising demand for polyurethane additives in this region is mainly driven by its increased use in building & construction industries. Europe is the second-largest consumer of polyurethane additives, globally. The market in this region is mainly driven by the growing opportunities from transportation and construction industries. The Middle East & Africa is the second fastest-growing market, due to the increased demand for rigid foam for insulation purposes in the region.
Global Polyurethane Additives Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Polyurethane Additives Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Catalysts
Surfactants
Fillers
Others
Segment by Application
Automotive & Transportation
Building & Construction
Bedding & Furniture
Others
By Company
Covestro
BASF
Dow Chemical
Huntsman
Tosoh
Albemarle
Eastman
KAO
Evonik
Air Products and Chemicals
Momentive Performance Materials
LANXESS
Schill + Seilacher Struktol
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina