Overview of the global polyurethane additives market

According to Technavio's market research report, the global polyurethane additives market will grow at a CAGR of more than 6% during the forecast period. The growing demand for polyurethane additives from the automotive industry is identified as one of the key drivers for the market's growth in the forthcoming years. Polyurethane additives are extensively used for several applications to offer both comfort and insulation. Silicone surfactants, release agents, and other additives improve the durability, comfort, and appearance of cushions for headrests, seating, and armrests. The sound absorption of door panels can be improved by using polyurethane additives. They are also used to offer better grip and control on the steering wheel. The industry highly depends on polyurethane since they help in the reduction of the weight of the vehicle.

The rapid urbanization and industrialization in APAC is propelling the need for insulation. This in turn, boosts the demand for polyurethane additives. The adoption of polyurethane additives will continue to grow in the region until the end of 2021 due to the increasing demand for energy-efficient buildings. The building and construction industry in China, Japan, India, and South Korea will further grow due to the increasing population and changing lifestyle.

Competitive landscape and key vendors

The polyurethane additives market is characterized by the presence of both large and small vendors. The major players in the market are trying to shield themselves from the threat of rivalry by adopting mergers and acquisitions. Though the prominent players will continue to secure a strong foothold in the market, the small and medium scale vendors are focusing on the development of innovative products.

Key vendors in this market are -

• BASF
• Covestro
• Evonik Industries
• Huntsman International
• The Dow Chemical Company

Other prominent vendors in the market include Albemarle Corporation, Air Products and Chemicals, Eastman Chemical Company, Gulbrandsen, KOA Corporation, LANXESS, Momentive, Peterson Chemical Technology, Schill + Seilacher "Struktol", and Tosoh Corporation.

Segmentation by application and analysis of the polyurethane additives market

• Elastomers
• Adhesives and sealants
• Coatings
• Foams
• Binders

The formulation of foams uses additives that enhance the stability and comfort of the material. The application of polyurethane additives in foams will continue to increase throughout the predicted period since they increase the compatibility of raw materials, reduce the surface tension in polyurethane foam systems, and improve emulsification and nucleation.

Segmentation by end user and analysis of the polyurethane additives market

• Bedding and furniture
• Automotive and transportation
• Building and construction

The demand for insulation applications to reduce the energy cost and maintain the optimum temperature is increasing in the building and construction industry. This propels the demand for polyurethane additives. The growth of the construction industry in the US and some of the developing economies such as India and China, will also fuel the adoption of polyurethane additives.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global polyurethane additives market?
• What are the key market trends impacting the growth of the global polyurethane additives market?
• What are the challenges to market growth?
• Who are the key vendors in the global polyurethane additives market?
• What are the market opportunities and threats faced by the vendors in the global polyurethane additives market?
• What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
• What are the key outcomes of the five forces analysis of the global polyurethane additives market?

Technavio also offers customization on reports based on specific client requirement.

Polyurethane additives are used in various end-use industries such as automotive and transportation, building and construction, bedding and furniture, and others. This upcoming market research report on the global polyurethane additives market is an essential part of Technavio's chemicals and materials portfolio and offers insights into niche segments like the additives, adhesives, and sealants sector.

Technavio's market research reports on additives, adhesives, and sealants recognize the latest market trends, significant growth drivers, as well as the important challenges that this sector is currently experiencing. It also offers insights into the varying competitive landscape to give you an accurate picture of the future direction of the chemicals and materials industry.

To appropriately estimate the growth of the global polyurethane additives market, the market research experts at Technavio follow a reliable approach of primary and secondary research and analyze the data collected from various sources including industry experts, research journals, and manufacturers. Moreover, to offer clients insights into the competitive landscape, this market report on the global polyurethane additives market also covers vendors like Covestro, BASF, Dow, Huntsman, Tosoh, and Eastman. Our market research analysts believe that recent increase in opportunities from transportation and construction industries may influence the demand for polyurethane additives.

This upcoming market research report on the global polyurethane additives market also identifies the key influencers, the evolving trends, and the pain points faced by the vendors in the additives, adhesives, and sealants sector. Furthermore, to give an accurate picture of the industry's growth prospects, the report on the global polyurethane additives market also provides thorough insights on the changing competitive landscape and the strategies followed by the major players to establish their presence in the global market.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.