Polyurethane Additives market Research on Chemical Segment 2020 to 2026

The research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Commonwealth Scientific and Industrial Research Organization (CSIRO), Securities And Exchange Commission (SEC), American National Standards Institute (ANSI), Organization for Economic Co-operation and Development (OECD), and other government and private websites to identify and collect information useful for the technical, market-oriented, and commercial study of the Polyurethane additives market.

Latest market news and developments:

The demand for high quality polyurethane for high performance coatings and high performance insulation for residential and commercial buildings will drive the demand for polyurethane additives for imparting better characteristics to polyurethane. The Polyurethane Additives Market is projected to reach USD 2.75 billion by 2026, at a CAGR of 6 %, in terms of value from 2020 to 2026. The growth is fueled by rising demand for polyurethane additives across various end-use industries such as building & construction and automotive. This growth is mainly driven due to increasing demand for rigid foam mainly for insulation purposes.

Covestro AG (ETR: 1COV) is moving towards an expansion of production capacity for the foam component MDI at the site Brunsb?ttel, Germany in June 2016. This expansion will add 400,000 metric tons of MDI per year of production capacity. Also BASF (ETR: BAS) added an additional service for polyurethane systems in automotive interiors. BASF's Ultrasim simulation tool has been expanded so that the behavior of PU systems during foaming can now be reliably predicted.

Air Products and Chemicals, Inc.( NYSE: APD) introduced a catalyst, Polycat 204 in OCT 2015 which is specifically designed for rigid polyurethane foam which was designed to aid polyurethane foam producers to optimize the foam characteristics.

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Polyurethane additives are used in various end-use industries such as automotive & transportation, building & construction, bedding & furniture, and others. The building & construction industry is expected to drive the polyurethanes additive market, due to the increasing demand for polyurethane for insulation.

Polyurethane adhesives have wide-ranging uses in many applications. This is due to certain mechanical and chemical attributes they possess such as good flexibility, especially, at low temperatures and good adhesion to a wide variety of substrates. Polyurethane adhesives can be designed to meet the requirements of a particular industry. Polyurethane adhesives do have some limitations. They have low UV light resistance and low chemical resistance compared to epoxies. Polyurethane adhesives' applications overlap with epoxies in some instances. Generally, polyurethanes are preferred over epoxies for their stability.

The leading companies operating in this market are Covestro AG (Germany), BASF SE (Germany), The Dow Chemical Company (U.S.), and Huntsman International LLC (U.S.).The other main manufacturers of polyurethane additives are Tosoh Corporation (Japan), Albemarle Corporation (U.S.), Eastman Chemical Company (U.S.), Kao Corporation(Japan) ), Evonik Industries AG (Germany), Air Products and Chemicals, Inc. (U.S.), and Momentive Performance Materials Inc. (U.S.).

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This release was published on openPR.