Polyurethane Additive Market Size, Top Global Key Players Analysis till 2023- Cavestro AG, BASF SE, Kao Corporation, Tosoh Corporation, Gulbrasnson Chemical Pvt. Ltd.

Market Overview:

Polymer Additives are the minor components, which are added to the polymer to modify some of its properties. They are majorly used to enhance properties of the polymer to make it suitable for the desired application. Usually, an additive is selected on the basis of types of polymer additive and application. This leads to developing value added product with improved durability and other desired properties. The polyurethane additives are summed up in the major types namely antioxidants, catalysts, emulsifier, stabilizers, fillers, flame retardants, and others. It is majorly used in the manufacturing of foam, which is utilized by diverse industries namely furniture, construction, automotive & transportation, electronics & electrical, etc.

The global polyurethane market is estimated to reach around 2 million tons of annual production with an approximate CAGR of 6%. The developing countries are focusing on infrastructure projects, which drives the growth of building & construction activities. This trend is expected to boost the demand for rigid foams. Furthermore, the automotive and transportation sector is projected to keep its growth trajectory intact to drive the demand for flexible as well rigid foams.

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Major Key Players:
The Major Players operating in the Polyurethane Additives Market are:

• Cavestro AG (Germany),
• BASF SE (Germany),
• The Dow Chemicals Company (U.S.),
• Huntsman International LLC (U.S.),
• Kao Corporation (Japan),
• Tosoh Corporation (Japan),
• Polychemie Asia Pacific Permai (Indonesia),
• Suzhou Xiangyuan Special Fine Chemical Co.,Ltd. (China)
• Evonik Industries AG (Germany),
• Gulbrasnson Chemical Pvt. Ltd. (India)

Market Segmentation:

The Global Polyurethane Additives Market is categorized on the basis of Type, Applications, End User and Region:

On The Basis Of Type:
• Antioxidants,
• Catalysts,
• Emulsifier,
• Stabilizers,
• Fillers,
• Flame Retardants

On The Basis Of Applications:
• Flexible Foam,
• Rigid Foam,
• Coating,
• Adhesives & Sealants

On The Basis Of End User:
• Building & Construction,
• Automotive,
• Furniture Making,
• Packaging,
• Footwear

On The Basis Of Region:
• Asia Pacific,
• Europe,
• Latin America,
• North America,
• Middle East & Africa.

Regional Analysis:
Geographically, Polyurethane Additives Market is segmented across Five Regions in the world namely:

• Asia Pacific,
• North America,
• Europe,
• Latin America,
• Middle East & Africa.

Asia Pacific is set to dominate the market. It held over 45% share of the market, as of 2016. The region is anticipated to remain dominant in both production and demand of polyurethane additives. Growing construction activity in this region is driving the market growth. Apart from this, increasing demand for rigid foams from the automotive & transportation industry is expected to boost the demand further in the coming years. Europe is followed by Asia Pacific in terms of market share due to increasing demand for flexible and rigid foams by automotive along with household insulation.

North America is holding relatively less share of the global polyurethane additive market. Yet, there is a surge in demand for flexible foams in automotive interiors, insulation, and furniture making industries in this region.

The Middle East & Africa is a swiftly growing market where the growth is driven by demand for rigid foams for insulation. Latin America is anticipated to witness a rise in the regional market due to the pacifying political and reviving economic situation.

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