Polyurethane Additives Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021-2026

 

Polyurethane Additives Market Overview

Polyurethane Additives Market size is forecast to reach $5.7 billion by 2026, after growing at a CAGR of 5.1% during 2021-2026. Globally, the growing demand for innovative and cost-effective additives in various end-use industries is projected to raise the demand for polyurethane additives over the upcoming years. It is anticipated that the rising demand for polyurethane additives for the development of lightweight, durable, and versatile products will boost market growth. Furthermore, the increasing use of various types of polyurethane additives such as catalysts, surfactants, filler, and flame retardants, which contribute to the outstanding performance of foams and create advantages in the final foam performance, is anticipated to create new opportunities for the growth of the polyurethane additives industry in the forecast era.

Impact of Covid-19

The COVID-19 pandemic and subsequent halt in manufacturing activities had an impact on various end-use industries such as automotive & transportation, building & construction, bedding & furniture, electronics, and others. Thus, due to which the polyurethane additives market was affected in the year 2020. Furthermore, lockdown in various countries led to supply chain disruptions, logistical restrictions, workforce unavailability and demand drop, limited availability of components, and low company liquidity, which had an adverse impact on the polyurethane additives market growth over the year 2020.

• Request Sample

Report Coverage

The report: “Polyurethane Additives Market Report – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the polyurethane additives market.

By Type: Stabilizer, Emulsifier, Surfactants, Catalysts, Flame Retardants, Antioxidants, Filler, and Others.

By Application: Foams, Adhesives & Sealants, Paints & Coatings, Elastomers, and Others.

By End Use Industry: Transportation, Building and Construction, Electronics, Furniture & Bedding, Packaging, and Others.

By Geography: North America (U.S, Canada, and Mexico), Europe (U.K., Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia, Taiwan, Indonesia, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle east and Africa).

• Inquiry Before Buying

Key Takeaways

• Asia-Pacific dominates the polyurethane additives market owing to the rising use of polyurethane additives in building and construction activities and increasing production of automotive in countries such as China, India, Malaysia, and Japan.
• Increasing demand for more innovative and cost-effective additives in the furniture manufacturing industry is expected to fuel the growth of the market.
• Also, the demand for polyurethane additives is driven primarily by the increasing usage of foams in growing end-use industries such as bedding & furniture, electronics, automotive, and building & construction.
• 
  

• Schedule a Call

Polyurethane Additives Market Segment Analysis - By Type

Flame retardants held the largest share in the polyurethane additives market in 2020. Organohalogen and organophosphate chemicals such as polybrominated diphenyl ethers (PBDEs) and chlorinated trisiloxanes (CTXs) are among the flame retardants of concern (TDCPP). There are different types of flame retardants, such as chlorinated flame retardants, brominated flame retardants, phosphorous flame retardants and some inorganic flame retardants. These are used to produce high-quality polyurethanes that are used in various applications such as electronics, automotive, and construction. Thus, with the rising use of flame retardants in the production of polyurethanes the market for polyurethane additives is estimated to rise in the forecast period.

Polyurethane Additives Market Segment Analysis- By Application

Foams held the largest share in the polyurethane additives market in 2020 and is projected to grow at a CAGR of 4.2% during the forecast period 2021-2026. Polyurethane additives contribute to the outstanding performance of polyurethane foams and create advantages in the final foam performance. In the manufacture of polyurethane flexible foams, the additives are used to enhance the comfort properties of mattresses, upholstered furniture and automobile interiors. Additionally, the use of polyurethane additives in polyurethane rigid foam applications contributes to the outstanding insulation properties of refrigerators and construction materials. Increasing use of open cell flexible polyurethane foam made by mixing auxiliary blowing agents, catalysts, and other additives, in the upholstered furniture cushions, automotive seat cushions and interior trim, and carpet cushion has also raised the growth of the polyurethane additives market.