Showing posts with label Polyurethane Additives Market. Show all posts
Showing posts with label Polyurethane Additives Market. Show all posts

Wednesday, 9 March 2022

Polyurethane Additives Market Dynamics- Forecast 2025


The polyurethane additives market size is projected to reach USD 4.5 billion by 2025 at a CAGR of 4.2% from 2020. The demand for polyurethane additives in emerging economies, such as APAC and South America, is increasing owing to the growing construction industry. The volatility in raw material prices and the recyclability of polyurethanes is hindering the polyurethane additives market. The demand for polyurethane additives is increasing, owing to the growing demand for innovative and cost-effective additives. This increase in demand for bio-based polyurethane additives provides growth opportunities to the market. On the other hand, the increasing regulatory pressure towards the usage of bio-based products is the major challenges for the market.

Driver: Increasing demand for innovative and cost-effective additives

Flexible polyurethane foam is an important material finding usages in mattresses, furniture cushioning, bedding, carpet underlay, automotive interiors, etc. These being highly cellular polymers are easily ignitable. This characteristic limits their greater use in areas that require them to pass certain fire regulations as fire hazards are associated with the use of these polymeric materials, which can cause loss of life and property, are of particular concern among government regulatory bodies, consumers, and manufacturers alike. This further drives the demand for innovating new additives such as flame retardants to reduce the flammability of polyurethanes. A large range of flame retardants such as inorganic phosphorus, organophosphorus, nitrogen, halogen, and phosphorus-halogen based compounds are used to meet the demand for the required additives.

To know about the assumptions considered for the study download the pdf brochure

Restrain: Volatility in the raw material prices

Raw materials used for manufacturing polyurethane are primarily extracted from crude oil. According to the US EIA (Energy Information Administration), in 2020, Brent crude oil spot prices averaged USD 40 per barrel in June, up to USD 11 per barrel from May and up to USD 22 per barrel from the multiyear lows from April. Prices rose as OPEC+ producers agreed to extend the deepest production cuts through July, and many locations, previously on lockdown, demanded more liquid fuels. Given supply reductions and rising demand, the EIA estimated that global oil inventories declined in June 2020 for the first time since December 2019. The global oil inventory averaged 8.4 million barrels per day, which caused crude oil prices to drop sharply. Owing to such fluctuating crude oil prices, raw material prices of polyurethane additives are volatile.

Opportunity: Emerging market for environment-friendly polyurethane additives

A few polyurethane additives are hazardous, and their application is limited owing to negative effects on polymer mechanical properties. Accordingly, identifying materials that are environmentally friendly and harmless to humans has become urgent. There are a few alternative polyurethane additives that are gaining research interest. Those are natural and recyclable resources that can enhance the flame retardant properties of other polymers. Room for improvement is always present as the related technology is continually developed. Hence, the growing demand for environment friendly polyurethane additives is creating a growth opportunity for the market.

Challenge: Increasing regulatory pressure on the usage of eco-friendly products

Various measures have been adopted across different countries to create a sustainable environment. There are various regulations that put pressure on chemical manufacturers to produce environmentally friendly products. The EPA (Environmental Protection Agency) has banned a few chemicals that are hazardous to the environment. Extensive research is conducted to develop environment-friendly products. Moreover, the regulations are stricter in various countries of Europe and in California (US). Hence, it is building pressure on chemical manufacturers to produce environment-friendly alternatives that provide the same quality and performance as of the chemicals that are not environment friendly.

APAC is projected to be the fastest-growing market for polyurethane additives. The rising population, increased demand for automobiles, growing disposable income, rapid industrialization, and increased urbanization are driving the APAC polyurethane additives market. China is the largest market for polyurethane additives in the region. China is also a major producer and consumer of polyurethane additives in the region as it has a huge manufacturing base. Apart from China, India and South Korea are projected to grow at a decent rate during the forecast period.

The key players in the non-phthalate plasticizers market include Evonik Industries (Germany), BASF (Germany), Huntsman Corporation (US), Covestro (Germany), Dow Inc. (US), Lanxess AG (Germany), lbemarle Corporation (US), Tosoh Corporation (Japan), Momentive (US), and BYK (US). These players have established a strong foothold in the market by adopting strategies, such as expansion and new product launch.

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Tuesday, 5 October 2021

Polyurethane Additives Market Driver: Increasing demand for innovative and cost-effective additives


The polyurethane additives market size is projected to reach USD 4.5 billion by 2025 at a CAGR of 4.2% from 2020. The demand for polyurethane additives market is increasing, owing to the growing demand for innovative and cost-effective additives.

Flexible polyurethane foam is an important material finding usages in mattresses, furniture cushioning, bedding, carpet underlay, automotive interiors, etc. These being highly cellular polymers are easily ignitable. This characteristic limits their greater use in areas that require them to pass certain fire regulations as fire hazards are associated with the use of these polymeric materials, which can cause loss of life and property, are of particular concern among government regulatory bodies, consumers, and manufacturers alike. This further drives the demand for innovating new additives such as flame retardants to reduce the flammability of polyurethanes. A large range of flame retardants such as inorganic phosphorus, organophosphorus, nitrogen, halogen, and phosphorus-halogen based compounds are used to meet the demand for the required additives.

To know about the assumptions considered for the study download the pdf brochure

On the basis of end-use industry, the automotive & transportation segment is estimated to lead the overall polyurethane additives market in 2020.

Polyurethanes are used in various parts of an automobile. In addition to the foam that makes car seats comfortable, bumpers, interior “headline” ceiling sections, the car body, spoilers, doors and windows all use polyurethanes. Polyurethane enables manufacturers to provide drivers and passengers significantly more automobile mileage by reducing weight and increasing fuel economy, comfort, corrosion resistance, insulation, and sound absorption.

On the basis of application, the foams segment is estimated to lead the polyurethane additives market in 2020.

Polyurethane foams are manufactured by reacting polyols and isocyanates in the presence of a blowing agent and an amine catalyst. The blowing agent is carbon dioxide, which is formed as a by-product of the reaction between water and isocyanate. The amine catalyst is known to accelerate the reaction. Polyurethane foams are of two types, namely rigid polyurethane foam and flexible polyurethane foam. Foams offer various properties such as comfort and insulating properties when used in various industries such as automotive and building & construction, which is driving the market.

On the basis of region, APAC is estimated to lead the polyurethane additives market in 2020.

APAC is projected to be the fastest-growing market for polyurethane additives. The rising population, increased demand for automobiles, growing disposable income, rapid industrialization, and increased urbanization are driving the APAC polyurethane additives market. China is the largest market for polyurethane additives in the region. China is also a major producer and consumer of polyurethane additives in the region as it has a huge manufacturing base. Apart from China, India and South Korea are projected to grow at a decent rate during the forecast period.

The key players in the non-phthalate plasticizers market include Evonik Industries (Germany), BASF (Germany), Huntsman Corporation (US), Covestro (Germany), Dow Inc. (US), Lanxess AG (Germany), lbemarle Corporation (US), Tosoh Corporation (Japan), Momentive (US), and BYK (US). These players have established a strong foothold in the market by adopting strategies, such as expansion and new product launch.

Don’t miss out on business opportunities in Polyurethane Additives Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

Friday, 6 August 2021

BASF SE (Germany) and Dow Inc., (US) are Leading Players in the Polyurethane Additives Market


The polyurethane additives market size is projected to reach USD 4.5 billion by 2025 at a CAGR of 4.2% from 2020. The demand for polyurethane additives market is increasing, owing to the growing demand for innovative and cost-effective additives.

APAC is projected to be the fastest-growing market for polyurethane additives. The rising population, increased demand for automobiles, growing disposable income, rapid industrialization, and increased urbanization are driving the APAC polyurethane additives market. China is the largest market for polyurethane additives in the region. China is also a major producer and consumer of polyurethane additives in the region as it has a huge manufacturing base. Apart from China, India and South Korea are projected to grow at a decent rate during the forecast period.

The increase in demand for polyurethane additives and the growing construction industry in the emerging economies, such as APAC and South America, are driving the market. The key players in the polyurethane additives market include Evonik Industries (Germany), BASF (Germany), Huntsman Corporation (US), Covestro (Germany), Dow Inc. (US), Lanxess AG (Germany), Albemarle Corporation (US), Tosoh Corporation (Japan), Momentive (US), BYK (US). The polyurethane additives market report analyzes the key growth strategies, such as expansion and new product launch, adopted by the leading market players between 2015 and 2020.

To know about the assumptions considered for the study download the pdf brochure

BASF SE (Germany) is among the key players in the polyurethane additive market. The company adopted the strategies of expansion to strengthen its competitiveness in the global polyurethane additives market. For instance, in April 2019, the Company has increased the production capacity of alkylethanolamines (AEOA) by 20% at its Verbund site in Ludwigshafen, Germany. This would increase the company’s global annual production capacity to more than 110,000 metric tons. The versatile AEOA is used for various applications, including for manufacturing of polyurethane additives. This strategy will help the company to serve its customers better.

Dow Inc., (US) is one of the leading manufacturers of polyurethane additives. The company adopted new product launch as one of its key business strategies. For instance, in June 2020, the Company launched new silicone additives under the VORASURF brand namely, VORASURF RF 5374 Additive, VORASURF 5382 Additive, and VORASURF RF 5388 Additive. These additives are developed in order to support more sustainable polyurethane foams in the cold chain applications. This strategy has helped the company to expand its existing product portfolio.

Don’t miss out on business opportunities in Polyurethane Additives Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

Friday, 30 April 2021

COVID-19 impact on Global Polyurethane Additives Market

The polyurethane additives are used in various end-use industries such as automotive & transportation, building & construction, bedding & furniture, electronics, and others. COVID-19 has impacted these industries.
  • The lockdown in various countries and logistical restrictions have adversely impacted the automotive & transportation industry. Supply chain disruptions, workforce unavailability, logistical restrictions, limited availability of components, demand drop, low company liquidity, and shutdown of manufacturing due to lockdown in various countries have adversely affected the industry. OEMs, raw material suppliers, and other related businesses are forced to re-evaluate their strategies to cater to this industry during this crisis period.
  • Residential and commercial construction has come to a grinding halt owing to the pandemic. Polyurethane additives demand from this sector is expected to be low to the medium during this crisis period. Some major issues would be a delay in order shipments, supply chain restriction, manpower & equipment shortage, and material shortage. Post conclusion of this crisis, the market is expected to revive, and demand is likely to increase for the polyurethane additives market.
  • The demand for bedding has increased in the healthcare sector, owing to the pandemic. A rise in demand from various hospitals and care institutions for supplying these mattresses for the increasing number of patients is boosting the consumption of polyurethane additives in the manufacturing of these devices/equipment.
The global polyurethane additives market size is estimated at USD 3.5 billion in 2020 and is projected to reach USD 4.5 billion by 2025, at a CAGR of 4.2%. The growing demand for polyurethane additives is due to the growing demands for innovative and cost-effective additives and the growing construction industry in the emerging countries.

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Monday, 14 September 2020

Polyurethane Additives Market worth $4.5 billion by 2025


The global polyurethane additives market is projected to grow from USD 3.7 billion in 2020 to USD 4.5 billion by 2025, at a CAGR of 4.2%. The demand for polyurethane additives in emerging economies, such as APAC and South America, is increasing owing to the growing construction industry. The volatility in raw material prices and the recyclability of polyurethanes is hindering the polyurethane additives market. The demand for polyurethane additives is increasing, owing to the growing demand for innovative and cost-effective additives. This increase in demand for bio-based polyurethane additives provides growth opportunities to the market. On the other hand, the increasing regulatory pressure towards the usage of bio-based products is the major challenges for the market.

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Automotive & transportation segment is estimated to lead the overall polyurethane additives market

Polyurethanes are used in various parts of an automobile. In addition to the foam that makes car seats comfortable, bumpers, interior “headline” ceiling sections, the car body, spoilers, doors and windows all use polyurethanes. Polyurethane enables manufacturers to provide drivers and passengers significantly more automobile mileage by reducing weight and increasing fuel economy, comfort, corrosion resistance, insulation, and sound absorption.

Foams segment is estimated to lead the polyurethane additives market

Polyurethane foams are manufactured by reacting polyols and isocyanates in the presence of a blowing agent and an amine catalyst. The blowing agent is carbon dioxide, which is formed as a by-product of the reaction between water and isocyanate. The amine catalyst is known to accelerate the reaction. Polyurethane foams are of two types, namely rigid polyurethane foam and flexible polyurethane foam. Foams offer various properties such as comfort and insulating properties when used in various industries such as automotive and building & construction, which is driving the market.

APAC is projected to be the fastest-growing market for polyurethane additives. The rising population, increased demand for automobiles, growing disposable income, rapid industrialization, and increased urbanization are driving the APAC polyurethane additives market. China is the largest market for polyurethane additives in the region. China is also a major producer and consumer of polyurethane additives in the region as it has a huge manufacturing base. Apart from China, India and South Korea are projected to grow at a decent rate during the forecast period.

The key players in the non-phthalate plasticizers market include Evonik Industries (Germany), BASF (Germany), Huntsman Corporation (US), Covestro (Germany), Dow Inc. (US), Lanxess AG (Germany), lbemarle Corporation (US), Tosoh Corporation (Japan), Momentive (US), and BYK (US). These players have established a strong foothold in the market by adopting strategies, such as expansion and new product launch.

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Monday, 9 September 2019

Polyurethane Additives Market by End-Use Industry (Automotive, Building & Construction, and Bedding & Furniture), and Region – Global Forecast to 2021




The Polyurethane Additives Market is projected to reach USD 2.75 billion by 2021, at a CAGR of 6.3%, in terms of value from 2016 to 2021. The polyurethane additives market is driven by increasing usage of polyurethane in the construction and automotive industries.The report includes analysis of the polyurethane additive market by region, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
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Building & construction expected to dominate the market for PU additive
The building & construction industry is projected to drive the polyurethane additive market, aided by increased demand for insulation applications for maintaining optimum temperature and reducing the energy cost. Automotive is another end-use industry where polyurethane is being used for vehicle interiors as well as exteriors. The use of polyurethane helps reduce the weight of vehicles and enhance fuel efficiency.
Polyurethane additives are used mainly in flexible foam, rigid foam, coatings, adhesives & sealants, elastomers, and binders. Flexible foams are primarily used in bedding & furniture, and automotive & transportation industries.
North America, Europe, Asia-Pacific, Middle East & Africa, and South America are considered the main regions in the polyurethane additives market report. Asia-Pacific region is dominant in the polyurethane additive market. The rising demand for polyurethane additives in this region is mainly driven by its increased use in building & construction industries. Europe is the second-largest consumer of polyurethane additives, globally. The market in this region is mainly driven by the growing opportunities from transportation and construction industries. The Middle East & Africa is the second-fastest-growing market, due to the increased demand for rigid foam for insulation purposes in the region.  
Covestro AG (Germany), BASF SE (Germany), The Dow Chemical Company (U.S.), and Huntsman International LLC (U.S.) are the leading companies operating in this market. These companies are expected to account for a significant market share in the near future. Entering into related industries and targeting new markets will enable polyurethane additive manufacturers to overcome the effects of the volatile economy, leading to the diversified business portfolio and increase revenue. 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.).

Non-Biodegradable Plastics to Lead Bioplastics & Biopolymers Market During Forecast Period

In recent years, there has been a growing awareness that the use of non-biodegradable plastics is leading to large amounts of plastic waste ...