Global Polyurethane additive Market 20321 Industry Size, Research, Trends, Review & Analysis to 2032

Pune, India,  January 30, 2018/MRFR Press Release/- Market Research Future Published a Half Cooked Research “Global Polyurethane additive Market Research Report - Forecast to 2023” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2023.

Evonik Industries AG. (Germany), Covestro AG (Germany), BASF SE (Germany), Tosoh Corporation (Japan), Huntsman International LLC (U.S.), Kao Corporation (Japan), DowDuPont (U.S.), Air Products and Chemicals, Inc. (U.S.), Suzhou Xiangyuan Special Fine Chemical Co., Ltd (China), and Momentive (U.S.), among others are some of the prominent players at the forefront of competition in the global Polyurethane Additive Market and are profiled in MRFR Analysis.

Polyurethane additive Market–Market Overview:

The global polyurethane additive market is projected to grow significantly on account of increasing demand from major end uses such as automotive, building & construction, and packaging. Additionally, growing use of polyurethane additive in light weight vehicle in order to increase fuel efficiency is anticipated to boost demand for the product during the years to follow. The focus of consumers is changing from sedentary to a healthier lifestyle, not only when it comes to eating healthy but also using healthy non-consumable products. The primary factors driving growth of the market are the rising use of the electric vehicles, growing demand for light weight, impact resistant and durable material in numerous industrial applications, ever increasing demand of the product from footwear making industry, and enhanced usage of biodegradable and highly recyclable packaging. The global automotive market is estimated to grow at higher CAGR to mark over USD 90 billion revenue in 2017. This is anticipated to boost growth of the global polyurethane additive market in manufacturing light yet durable automotive parts. The emerging economies, mainly in Asia Pacific, such as India, Bangladesh, Indonesia, and Myanmar are increasingly focusing over the labor intensive footwear making industry to achieve dual motive of employment generation.

Polyurethane additive Market- Competitive Landscape:

The global polyurethane additive is a highly mature market with significant number of major players operating into the market. The market is driven by flourishing construction, automotive and packaging industry. The market is greatly concentrated by the presence of number large players yet, BASF SE, Evonik Industries AG, DowDuPont, Air Products and Chemicals, Inc are the key manufacturers in this market. Almost all of these market participants are primarily adopting the expansion and product launch tactics to strengthen their market position. Growing automotive industries, and continuous rising demand for footwear making, along with the collaborations and agreements between manufacturers, distributers, and marketing firms are key market forces operating in the market for the growth of the demand for polyurethane additive. Considering these trends, the global polyurethane additive market is likely to witness considerable competition over the forecast period of 2023-2032.

Industry/ Innovation/ Related News:

May 16, 2016- Air Products & Chemicals has agreed to sell its performance materials division to the Germany based specialty chemical manufacturer Evonik Industries AG for USD 3.8 billion cash transaction. Air Products has a strong polyurethane catalysts business, with 32 % share of overall sales.

December 12, 2016- The China based 3D printing material developer announced the launch of new extrusion based polyurethane additive materials in partnership with Covestro. The products are called U1000 and U0174D and exhibits good mechanical strength, excellent layer adhesion, and good heat resistance. This will help them to meet the growing demand for the product in automotive, aerospace and medical applications.

September 22, 2017- The U.S. based chemical giant, DowDuPont has launched new Polyurethane Additives called VORASURF™. This is line with the ongoing commitment of the company to provide customers with greater access to expertise and products, more buying options and reliability. The product helps address the consumer comfort and energy efficiency markets to help meet growing demand for high-performance materials in bedding, footwear and spray foam.

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