Polyurethane Catalysts Market: Latest Innovations, Potential Revenue, Cost Structure and Top Key Players (BASF SE, Clariant, Covestro AG, Evonik, Gulbrasnson Chemical, Huntsman International, Kao) | Global Future Prospects 2023

Marketprognosis.com Publish a New Market Research Report On “Polyurethane Catalysts Market - Segmented by Product Type, Function, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Polyurethane Catalysts Market:

The Global Polyurethane Catalysts Market is estimated to grow at a moderate to high rate during the forecast period, 2018-2023. Asia-Pacific is expected to witness highest growth in the demand for polyurethane business during the forecast period, owing to the rising demand from automotive and construction industry.

Automotive is one of the major sectors, where demand for polyurethane material has been on the rise. This is particularly due to their requirement in the seat covers of vehicles, since they protect the leather from UV radiation and high temperatures. PU is also used as coatings in automotive industry for various interior and exterior applications. Additionally, the increasing demand for lightweight vehicles has boosted the automotive production, hence, which further increased the demand for polyurethane from the automotive sector.

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The global focus of PU is currently on Asia-Pacific as well as the Middle East countries. China, India, Thailand, and Vietnam are some of the key markets for PU due to their large population base and low per capita consumption of PU compared to developed countries, such as Germany or the United States. China is the largest consumer of PU as it is the largest producer of footwear and automobiles globally. Approximately 65% of the world’s footwear is manufactured in China and approximately 15% is produced in India, Vietnam, and Indonesia, combined. As a result, Asia-Pacific (including China) accounted for almost 45% of the global PU consumption by volume.

Asia-Pacific is also the manufacturing and export hub for many products globally. Apart from footwear, some sectors, like the automotive industry in China and India, are among the largest in the world. India and China alone manufacture approximately 50% of the world’s cars and, in turn, consume approximately 50% of the PU used for automobiles globally. The growing property market has also spurred the growth of the furniture, mattress, and insulation industries, all of which rely heavily on PU as a key raw material.

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Major Key Players:

1 BASF SE

2 Clariant

3 Covestro AG

4 Elé Corporation

5 Evonik

6 Gulbrasnson Chemical Pvt. Ltd.

7 Huntsman International LLC

8 Kao Corporation and More…………….

This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

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In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Polyurethane Catalysts Market.

Table of Contents:

1 Introduction

2 Executive Summary

3 Market Insights

4 Market Dynamics

5 Market Segmentation and Analysis (Growth, Size, and Forecast)

6 Regional Market Analysis (Market Size, Growth, and Forecast)

7 Competitive Landscape

8 Company Profiles

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This release was published on openPR.