Press release
Polyurethane Additives Market Analysis Forecasting CAGR of 6.5% With Top Players Evonik, Eastman Chemical Company, Kao Corporation, Covestro, Albemarle Corporation, Huntsman Corporation, Momentive
New report by DBMR on polyurethane additives market forecasting world business analysis, size, share, growth, trends in 2018–2024. The report provides a quick introduction of the market and deals with careful analysis methodology for hard market size and forecasts, secondary information sources used and therefore the primary inputs that were taken for information validation. This section conjointly outlines numerous segments that are coated as a part of the report. The Global PU Additives Market accounted for USD 2.05 billion in 2016 and is projected to grow at a CAGR of 6.5% during the forecast period of 2017 to 2024.Major Polyurethane additives players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in PU Market. The PU Additives Market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the Polyurethane Additives Industry forecast period is 2017 to 2024.
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Polyurethane additives are commonly used in insulation panels, single-component foam, spray foam, and pipe insulation. Insulation panels made of polyurethane additives provide high energy & thermal insulation and are chemical resistant, making them ideal for both external and internal insulation.
There is a growing demand for polyurethane additives in automotive, building & construction, and bedding & furniture activities which is expected to be one of the major drivers of the market over the next seven years. The global polyurethane additives market is consolidated due to the presence of a limited number of players. Some of the major players in polyurethane additives market include
· Air Products and Chemicals, Inc.
· Albemarle Corporation
· BASF SE
· Covestro AG
· The DOW Chemical Company
· Eastman Chemical Company
· Evonik Industries AG
· Huntsman International LLC
· KAO Corporation
· Momentive Performance Materials Inc
· Tosoh Corporation
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Major Market Drivers:
· Demand of polyurethane in the building and construction industry
· Increasing demand for rigid foam mainly for insulation purposes
Market Restraint:
· Volatility in raw material prices
Market Segmentation: Global Polyurethane Additives Market
· The polyurethane additives market is segmented on the basis of type into catalyst, surfactants, fillers and others.
· On the basis of application, the market is segmented into flexible foam, rigid foam, adhesive & sealant, coating, elastomer, binders and other.
· On the basis of end-user, the market is segmented into automotive, building & construction, and bedding & furniture and other.
· On the basis of geography, the polyurethane additives market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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