Inceasing Demands in Coatings, Adhesives, Sealants, and Elastomers Industries Boosts Polyurethane Additives Market at Highest CAGR by 2023

Polyurethanes are formed by reacting a polyol (an alcohol with more than two reactive hydroxyl groups per molecule) with a diisocyanate/polymeric isocyanate in the presence of suitable catalysts (tertiary amine catalysts) and additives. Moreover, multiple diisocyanates and a wide range of polyols are further processed to produce polyurethanes. Polyurethane additives types, such as flexible foams, are enhanced with additives to improve the comfort properties of mattresses, upholstered furniture, and automobile interiors. Polyurethane additives are increasingly in demand to be used in polyurethane rigid foam applications, which contributes to the insulation properties of refrigerators and the construction materials. Moreover, growth in demand for polyurethane additives in coatings, adhesives, sealants, and elastomers market is expected to lead the market growth. Furthermore, polyurethane antioxidants protect the foam from discoloration caused due to scorching and foam degradation.

The polyurethane additives market is in its emerging phase, owing to the growth in demand for elastomers among buildings and construction industry. In addition, rise in applications of rigid foams for insulation purposes and reduction in energy costs associated with heating and cooling requirements augment the market growth. Emerging economies, such as China and India, are expected to lead the market growth, owing to the major consumption of polyurethane additives in end-user industries, such as buildings, and rise in disposable income, which drive the demand for high-quality consumer products, and is expected to increase the use of polyurethane in many consumer goods. However, volatility in raw material prices could result in lower demand for polyurethane additives, and increased pressure from regulatory bodies is expected to curtail the growth of polyurethane additive market.

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The global polyurethane additives market is segmented based on type, application, end-user industry, and geography. Based on type, it is classified into surfactants, catalysts, fillers, and others (antioxidants, cross linkers, and abrasion reducers). Surfactants are further bifurcated into silicone and organic. Catalysts are further classified into tertiary amine, ethylene amine, and metal-based catalyst. Based on application, it is categorized into foams, adhesives & sealants, coatings, elastomers, and binders. Foam is classified into rigid, flexible, and molded. Adhesives & sealants is further divided into thermoset and thermoplastic. Based on end-user industry, it is categorized into furniture, automotive & transportation, building & construction, electronics, pharmaceutical & others (leather and packaging). Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

This report projects the trends and opportunities of the global polyurethane additives market. This research study includes a qualitative & quantitative analysis with comprehensive research methodologies and reliable projections to understand the present overview toward the market growth and predict the market behavior during the forecast period.

Top key players in the Industry :

• BASF SE
• Evonik Industries AG
• Tosoh Corporation
• Kao Corporation
• Albemarle Corporation
• Covestro AG
• Huntsman International LLC.
• Dow Chemical Company
• Momentive Performance Materials.

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