Polyurethane Catalyst Market Global Industry Analysis by Top Key Players include BASF SE, The Dow Chemical Company, Polychemie Asia Pacific Permai, Covestro AG, Evonik Industries AG

Scope of the Report:

The Global Polyurethane Catalysts Market is broadly segmented on the basis of product type, application, and region.

On the basis of applications the Global Polyurethane Market is divided into rigid foam, flexible foam, molded foam, elastomers, adhesives, coatings, and others. Wherein flexible foam dominates the demand with 31% market share as of 2016. During the forecast period, demand of polyurethane catalysts in flexible foam is estimated to increase even more. 

Competitive Dashboard:
Key players in Global Polyurethane Catalysts Market are Covestro AG (Germany), BASF SE (Germany), The Dow Chemical 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).

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At present rigid foams are majorly used in diverse industries including building & construction, automotive & transportation, electrical & electronics, insulation and some proportion in plastics. Wherein, building & construction dominates the demand of rigid foams. In addition, flexible foams find their uses in manufacturing various products such as bedding & furniture, automotive interiors, mattresses & underlays, and packaging. However the demand is dominated by furniture & bedding industry along with automotive interior industry. Molded foams are majorly used in manufacturing interior of refrigerator. Growing trend can be seen in industries namely building & construction, automotive & transportation, electronics & electrical, furniture & bedding, etc. Thus, growth in these industries is anticipated to reflect in the Polyurethane Catalysts Market during the forecast period.

Based on the product type the market is segmented into dibutyltin dilaurate, triethylenediamine (TEDA), 1,4-diazabicyclo[2.2.2]octane or (DABCO), dimethylethanolamine (DMEA), bismuth compound , zinc compound and others. Wherein DABCO and TEDA among basic amines and dibutyltin dilaurate among acid are dominating the market for production of flexible as well as rigid foams as of 2016. The trend is estimated to continue over the forecast period. Considering the health concerns of the amine based polyurethane catalysts, bismuth and zinc compound may rise as a prime choice for manufacturing polyurethane products. Owing to the non-toxic nature these metallic based Polyurethane Catalysts are expected to see rise in their demand in production of flexible foam.

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Deatiled Regional Analysis:

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America are the major regions in Polyurethane Catalysts Market.

Among them, Asia Pacific is anticipated to dominate the global Polyurethane Catalysts Market with 45% of market share as of 2016. The increasing demand of polyurethane Catalyst in the region is driven by growing construction activities undertaken by both government and private players. The developing countries such as China, India, and Japan are investing heavily in construction activities to fuel the demand for rigid foams. Apart from that increasing demand from automotive and transportation sector in these region is projected to further propel the Polyurethane Catalyst Market.

Europe tends to occupy significant share in Global Polyurethane Catalyst Market. Moreover, demand for household insulation to increase energy efficiency mingled with regulatory norms can drive the regional market.

In terms of market size North America occupies comparatively smaller pie of share in the Global Polyurethane Catalysts Market. But there is surge in demand for automotive interior, insulation, and furniture with rise in standard of living. Middle East & Africa is a rapidly growing market demand.

The regional market for Polyurethane Catalysts has been driven by its demand for household insulation with growing infrastructure activities. Lastly, the lifestyle of people in Latin American countries namely Brazil, and Argentina is changing. Thus, demand of polyurethane catalysts for manufacturing foams to be used in construction and automotive is projected to drive the growth of regional market.

Intended Audience:

Polyurethane Catalysts Manufacturers
Traders and distributors of polyurethane catalysts
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratory

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This release was published on openPR.