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Urethane Coating Additives Market to Show Tremendous Growth by 2026 | Leading Players - Tosoh Corporation, DOW, Momentive Performance Materials Inc, Air Products and Chemicals, Inc.
Urethane Coating Additives Market
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Market Analysis: Global Urethane Coating Additives Market
Global urethane coating additives market is expected to register a substantial CAGR in the forecast period of 2019-2026. The upcoming market report contains data for historic year 2017. The high growth of this market can be attributed to the expanding power generation infrastructure in countries including India, China coupled with growing need for energy efficient utilities.
Key Market Competitors:
Few of the major competitors currently working in global urethane coating additives market are BASF SE, Covestro AG, Evonik Industries AG, Kao Corporation, Huntsman International LLC, Tosoh Corporation, DOW, Momentive Performance Materials Inc, Air Products and Chemicals, Inc., Suzhou Xiangyuan Special Fine Chemical Co., Ltd, GEO Specialty Chemicals Inc., Borchers Inc., Endura Manufacturing Company Ltd, DIC CORPORATION, DuPont de Nemours, Inc, SpecialChem, ANGUS Chemical Company, W.W. Grainger, Inc., Iolitec Ionic Liquids Technologies GmbH and Albemarle Corporation among others.
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Market Definition: Global Urethane Coating Additives Market
Urethane coating additives are high-performance coatings that are added to foams, adhesives and sealants, coatings, resins and elastomers mainly for surface modification. Urethane coating additives are preferred for excellent abrasion resistance, low-temperature curing, high flexibility and good outdoor weathering characteristics. It is used in several industries such as automotive and transportation, building and construction among others.
Segmentation: Global Urethane Coating Additives Market
Urethane Coating Additives Market : By Type
Antioxidants
Catalysts
Emulsifier
Stabilizers
Fillers
Flame Retardants
Others
Urethane Coating Additives Market : By Application
Flexible Foam
Rigid Foam
Coating
Adhesives & Sealants
Others
Urethane Coating Additives Market : By End- User
Building & Construction
Automotive & Transportation
Furniture
Packaging
Others
Urethane Coating Additives Market : By Geography
North America
South America
Europe
Asia-Pacific
Middle East and Africa
Key Developments in the Market
In October 2018, Milamar Coatings, a supplier of epoxy and urethane systems had acquired by VersaFlex Parent. The main aim of this acquisition is to broad their coatings portfolio along with providing best services to their customers
In November 2016, US-based Company Air Products has launched catalyst technologies additional series which uses low global warming potential (GWP) hydrofluoroolefin (HFO) blowing agents in polyurethane (PU) foam applications. With this launch the company has enhanced its brand value along with the product portfolio in the market
Urethane Coating Additives Market Drivers:
Growing demand of polyurethane from automotive industry can drive the market growth
Increasing need of polyurethane rigid foam in construction materials and in refrigerators will enhance the market in the forecast period
High requirement of biodegradable and recyclable packaging can fuel the market of urethane coating
Rising demand of polyurethane from the furniture and footwear industry is also driving the market
Urethane Coating Additives Market Restraints:
Fluctuating raw materials price of acrylate, silicones and urethane, can hamper the market growth
Strict environment laws due to the industrial discharge of paints and coating materials into local waterways is also hindering the growth of the market
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