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Polyurethane Additive Market Analysis 2018 to 2023: Leading Global Players - BASF SE, Tosoh Corporation, Evonik Industries AG., Covestro AG, Huntsman International LLC, The Dow Chemical Company, Momentive, Air Products and Chemicals, Inc., Suzhou Xiangyua
Market Overview:Polyurethane Additive has a significant influence on the final performance of the versatile material, called Polyurethanes (PU), used in many areas of day to day lives. PU not only helps to improve the efficiency of the product during the use but also has a better impact over the life cycle of that product as a whole. Hence, highly polymeric materials products made with PU are long-lasting and durable.
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PU materials provide extremely resistant surfaces and long-lasting bonding to the coatings and adhesives substrates. Similarly, in foams, PU is even more widespread and found in furniture and daily consumer goods. PU is also used as insulating materials, in appliances, gaskets and more. Therefore, PU materials are positioned at the center stage of the market, witnessing extensive uptake and demand worldwide. Similarly, PU additive shares the center stage along with PU materials, being a vital substrate in enhancing their performances.
Growing demand for durable and impact resistant materials in automotive and electronic applications would be the key driver of the polyurethane additive market during the assessment period. On the other hand, some concerns, which are needed to be addressed such as strong competition from green or biodegradable additives, volatility in the prices of the feedstock required in the production of these additives, and increasing research in the field of development of eco-friendly and innovative products by the leading players.
Intended Audience:
• Polyurethane Additive Manufacturers
• Traders and Distributors of Polyurethane Additive
• Research and Development Institutes
• Potential Investors
• Raw Material Suppliers
• Nationalized laboratory
Competitive Landscape:
The Global Polyurethane Additive market appears to be highly competitive and diversified with the presence of many well-established players having the regional and global presence. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players in the smart camera market. Manufacturers strive to develop new products that reach even higher efficiencies and have low or zero emissions.
Segmentation:
The Global Polyurethane Additive Market is segmented on the basis of type, application, end use industry, and region.
Based on the Type, the market is divided into antioxidants, catalysts, emulsifier, stabilizers, fillers, flame retardants, and others.
On the basis, the Application, the Global Polyurethane Additive Market is categorized into flexible foam, rigid foam, coating, adhesives & sealants, and others.
On the basis of the End Use Industry, the market is classified into building & construction, automotive, furniture making, packaging, footwear, and others.
Geographically, the Global Polyurethane Additive Market is divided into five key regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Regional Analysis:
Globally, Asia Pacific is the dominating market for polyurethane additive, holding almost 45% of the market share. The region has undertaken the expansion of its infrastructural projects and mulling to restart the construction activities conducted by both government and private players, which is anticipated to propel the demand for Polyurethane Additive in the region.
The constant rise of both construction and automotive industry in this region is projected to continue fetching major share of the Polyurethane Additive demand in the APAC region, which is likely to hike up the demand for the rigid foam, in turn, Polyurethane Additives. Moreover, increasing investments from the countries such as India, China and Japan transpired into the automotive and transportation sector is projected to propel the Polyurethane Additive Market in the region.
Europe is another substantial market in the global Polyurethane Additive market. The automobile industry majorly pulls the demand for the material in this region for making interiors of luxury cars.
Global Key Players:
Evonik Industries AG. (Germany), Covestro AG (Germany), BASF SE (Germany), Tosoh Corporation (Japan), Huntsman International LLC (U.S.), Kao Corporation (Japan), The Dow Chemical Company (U.S.), Air Products and Chemicals, Inc. (U.S.), Suzhou Xiangyuan Special Fine Chemical Co. Ltd. (China), and Momentive (U.S.).
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About Market Research Future:
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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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