Polyurethane Additives Market

Polyurethane Additives Market by Type (Catalysts, Surfactants, Filler, Flame retardants, and others), Application (Foams, Adhesives & Sealants, Coatings, Elastomers), End-use Industry and Region - Global Forecast to 2025

Report Code: CH 5048 Sep, 2020, by marketsandmarkets.com

[156 Pages Report] 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.

Polyurethane Additives Market

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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.

Polyurethane Additives Market Dynamics

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.

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

The flame retardants type segment to register the fastest growth during the forecast period.

Flame retardants of concern include organohalogen and organophosphate chemicals such as polybrominated diphenyl ethers (PBDEs) and chlorinated tris (TDCPP). There are various types of flame retardants such as brominated flame retardants, chlorinated flame retardants, phosphorous-based flame retardants, and some inorganic flame retardants. These are used to produce high quality polyurethanes that are used in various applications such as electronic, automobile, and building & construction.

The foams application to be the largest consumer of polyurethane additives.

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.

The automotive & transportation industry to be the largest consumer of polyurethane additives.

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.

APAC is projected to be the largest polyurethane additives market during the forecast period.

The polyurethane additives market in APAC is projected to register the highest CAGR during the forecast period. The foams market in APAC is driven by the growing construction industry, increased consumer spending, and strong economic growth.

The recent COVID-19 pandemic is expected to impact the global automotive industry. The entire supply chain is disrupted due to limited supply of parts. For instance, Hubei province in China, which accounts for 8–10% of the Chinese auto production, is severely impacted by pandemic. Chinese suppliers around the globe have placed production lines on halt or shut them down completely.  The legal and trade restrictions, such as sealed borders, increase the shortage of required parts. Such disruptions in supply chain is expected to affect the assembly of OEMs in Europe and North America.

Polyurethane Additives Market  by Region

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Scope of the report

Report Metric

Details

Years considered for the study

  • 2018–2025

Base year

 2019

Forecast period

2020–2025

Units considered

Value (USD Billion) and Volume (Kiloton)

Segments

 Type, Application, End-use Industry, and Region

Regions

APAC, Europe, North America, South America, and Middle East & Africa.

Companies

Total of 10 major players covered:
Evonik Industries (Germany), BASF (Germany), Huntsman Corporation (US), Covestro (Germany), Dow Inc. (US), Lanxess AG (Germany), Albemarle Corporation (US), Tosoh Corporation (Japan), Momentive (US), and BYK (US).

This research report categorizes the polyurethane additives market based on type, application, and region.

On the basis of type, the polyurethane additives market has been segmented as follows:

  • Catalysts
  • Surfactants
  • Fillers
  • Flame Retardants
  • Others

On the basis of application, the polyurethane additives market has been segmented as follows:

  • Foams
  • Adhesives & sealants
  • Coatings
  • Elastomers
  • Others

On the basis of end-use industry, the polyurethane additives market has been segmented as follows:

  • Automotive & transportation
  • Building & construction
  • Bedding & furniture
  • Electronics
  • Others

On the basis of region, the polyurethane additives market has been segmented as follows:

  • APAC
  • Europe
  • North America
  • Middle East & Africa
  • South America

Key Market Players

The key players profiled in this report 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), and BYK (US). These companies have adopted various organic as well as inorganic growth strategies between 2015 and 2020 to enhance their regional presence and meet the growing demand for polyurethane additives from emerging economies.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 22)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 INCLUSIONS & EXCLUSIONS
           1.3.1 POLYURETHANE ADDITIVES MARKET – FORECAST TO 2025
                    TABLE 1 POLYURETHANE ADDITIVES MARKET: INCLUSIONS & EXCLUSIONS
    1.4 MARKET SCOPE
           1.4.1 POLYURETHANE ADDITIVES MARKET SEGMENTATION
           1.4.2 REGIONS COVERED
           1.4.3 YEARS CONSIDERED FOR STUDY
    1.5 CURRENCY
    1.6 UNIT CONSIDERED
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES MADE

2 RESEARCH METHODOLOGY (Page No. - 26)
    2.1 RESEARCH DATA
           FIGURE 1 POLYURETHANE ADDITIVES MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 2 POLYURETHANE ADDITIVES MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 3 POLYURETHANE ADDITIVES MARKET: TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION
           FIGURE 4 POLYURETHANE ADDITIVES MARKET: DATA TRIANGULATION
           2.3.1 POLYURETHANE ADDITIVES MARKET ANALYSIS THROUGH PRIMARY INTERVIEWS
                    FIGURE 5 POLYURETHANE ADDITIVES MARKET ANALYSIS THROUGH SECONDARY SOURCES
                    FIGURE 6 POLYURETHANE ADDITIVES MARKET ANALYSIS
    2.4 LIMITATIONS
    2.5 ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 35)
    FIGURE 7 FLAME RETARDANTS TO BE THE FASTEST-GROWING SEGMENT
    FIGURE 8 FOAMS TO BE THE LARGEST SEGMENT
    FIGURE 9 AUTOMOTIVE & TRANSPORTATION WAS THE LARGEST END-USE INDUSTRY IN 2019
    FIGURE 10 APAC ACCOUNTED FOR THE LARGEST SHARE OF THE POLYURETHANE ADDITIVES MARKET IN 2019

4 PREMIUM INSIGHTS (Page No. - 38)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE POLYURETHANE ADDITIVES MARKET
           FIGURE 11 GROWING DEMAND FOR INNOVATIVE AND COST-EFFECTIVE ADDITIVES TO DRIVE THE POLYURETHANE ADDITIVES MARKET
    4.2 POLYURETHANE ADDITIVES MARKET, BY TYPE
           FIGURE 12 CATALYSTS TO REMAIN THE LARGEST TYPE SEGMENT OF THE POLYURETHANE ADDITIVES MARKET
    4.3 POLYURETHANE ADDITIVES MARKET, BY APPLICATION
           FIGURE 13 FOAMS TO REMAIN THE LARGEST APPLICATION OF POLYURETHANE ADDITIVES
    4.4 POLYURETHANE ADDITIVES MARKET, BY END-USE INDUSTRY
           FIGURE 14 AUTOMOTIVE & TRANSPORTATION TO REMAIN THE LARGEST END-USE INDUSTRY OF POLYURETHANE ADDITIVES
    4.5 POLYURETHANE ADDITIVES MARKET, MAJOR COUNTRIES
           FIGURE 15 INDIA TO RECORD THE HIGHEST CAGR DURING THE FORECAST PERIOD
    4.6 POLYURETHANE ADDITIVES MARKET IN APAC, BY END-USE INDUSTRY AND COUNTRY
           FIGURE 16 AUTOMOTIVE & TRANSPORTATION AND CHINA ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2019

5 MARKET OVERVIEW (Page No. - 41)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE POLYURETHANE ADDITIVES MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand for innovative and cost-effective additives
                    5.2.1.2 Growing use in the construction industry
                    5.2.1.3 New applications of polyurethane additives
           5.2.2 RESTRAINTS
                    5.2.2.1 Volatility in raw material prices
                    5.2.2.2 Recyclability of polyurethane additives
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Emerging market for environment-friendly polyurethane additives
                    5.2.3.2 Industrial development in emerging countries
           5.2.4 CHALLENGES
                    5.2.4.1 Increasing regulatory pressure on the usage of eco-friendly products
    5.3 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 18 POLYURETHANE ADDITIVES MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.3.1 BARGAINING POWER OF BUYERS
           5.3.2 BARGAINING POWER OF SUPPLIERS
           5.3.3 THREAT OF NEW ENTRANTS
           5.3.4 THREAT OF SUBSTITUTES
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 AVERAGE PRICING ANALYSIS
    5.5 VALUE CHAIN OF POLYURETHANE ADDITIVES
           FIGURE 19 OVERVIEW OF POLYURETHANE ADDITIVES VALUE CHAIN
           5.5.1 RAW MATERIAL SUPPLIERS
           5.5.2 MANUFACTURERS
           5.5.3 DISTRIBUTORS/CONVERTORS
    5.6 MACROECONOMIC INDICATORS
           5.6.1 GLOBAL GDP TRENDS AND FORECASTS
                    TABLE 2 PROJECTED GDP PERCENTAGE CHANGE OF KEY COUNTRIES, 2018-2021
                    TABLE 3 AUTOMOBILE PRODUCTION STATISTICS, BY COUNTRY, 2018 AND 2019

6 IMPACT OF COVID-19 ON POLYURETHANE ADDITIVES MARKET (Page No. - 51)
    6.1 COVID-19
    6.2 CONFIRMED CASES AND DEATHS, BY GEOGRAPHY
           FIGURE 20 UNPRECEDENTED PACE OF GLOBAL PROPAGATION
    6.3 IMPACT ON END-USE INDUSTRIES
           6.3.1 AUTOMOTIVE & TRANSPORTATION
           6.3.2 BUILDING & CONSTRUCTION
           6.3.3 BEDDING & FURNITURE
           6.3.4 OTHERS

7 POLYURETHANE ADDITIVES MARKET, BY TYPE (Page No. - 53)
    7.1 INTRODUCTION
           TABLE 4 POLYURETHANE ADDITIVES MARKET SIZE, BY TYPE, 2018–2025 (KILOTON)
           TABLE 5 POLYURETHANE ADDITIVES MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
    7.2 CATALYSTS
           7.2.1 REDUCED ACTIVATION ENERGY AND FASTER REACTION RATE TO INCREASE THE DEMAND
    7.3 SURFACTANTS
           7.3.1 HIGH SURFACE ACTIVITY WITH HIGHER FOAM YIELD TO DRIVE THE MARKET
    7.4 FILLERS
           7.4.1 EXOTHERMIC HEAT ABSORBANCE AND COST REDUCTION TO BOOST THE DEMAND
    7.5 FLAME RETARDANTS
           7.5.1 INCREASING DEMAND IN COMBUSTIBLE MATERIALS TO PREVENT FIRES IS DRIVING THE MARKET
    7.6 OTHERS

8 POLYURETHANE ADDITIVES MARKET, BY APPLICATION (Page No. - 56)
    8.1 INTRODUCTION
           TABLE 6 POLYURETHANE ADDITIVES MARKET SIZE, BY APPLICATION, 2018–2025 (KILOTON)
           TABLE 7 POLYURETHANE ADDITIVES MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
    8.2 FOAMS
           8.2.1 ENERGY EFFICIENCY LEADING TO REDUCED ENERGY COSTS
    8.3 ADHESIVES & SEALANTS
           8.3.1 STRONG BONDING ADVANTAGE AND TIGHTER SEALS
    8.4 COATINGS
           8.4.1 IMPROVED APPEARANCE AND LIFESPAN OF PRODUCTS COATED WITH POLYURETHANES
    8.5 ELASTOMERS
           8.5.1 MACHINABILITY AND LOWER WEIGHT TO DRIVE THE MARKET
    8.6 OTHERS

9 POLYURETHANE ADDITIVES MARKET, BY END-USE INDUSTRY (Page No. - 60)
    9.1 INTRODUCTION
           TABLE 8 POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
           TABLE 9 POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
    9.2 AUTOMOTIVE & TRANSPORTATION
           9.2.1 REDUCED WEIGHT AND INCREASING FUEL ECONOMY TO DRIVE THE DEMAND
    9.3 BUILDING & CONSTRUCTION
           9.3.1 AFFORDABILITY AND COMFORT OF POLYURETHANE MATERIALS TO BOOST ITS DEMAND
    9.4 BEDDING & FURNITURE
           9.4.1 DURABILITY AND FLEXIBILITY OF POLYURETHANES TO INCREASE ITS DEMAND
    9.5 ELECTRONICS
           9.5.1 MACHINABILITY AND LOWER WEIGHT OF POLYURETHANE ELASTOMERS TO DRIVE THE MARKET
    9.6 OTHERS

10 POLYURETHANE ADDITIVES MARKET, BY REGION (Page No. - 64)
     10.1 INTRODUCTION
               FIGURE 21 POLYURETHANE ADDITIVES MARKET IN INDIA TO REGISTER THE HIGHEST CAGR
               TABLE 10 POLYURETHANE ADDITIVES MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
               TABLE 11 POLYURETHANE ADDITIVES MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
     10.2 APAC
               FIGURE 22 APAC: POLYURETHANE ADDITIVES MARKET SNAPSHOT
               TABLE 12 APAC: POLYURETHANE ADDITIVES MARKET SIZE, BY COUNTRY, 2018–2025 (TON)
               TABLE 13 APAC: POLYURETHANE ADDITIVES MARKET SIZE, BY COUNTRY, 2018–2025 (USD THOUSAND)
               TABLE 14 APAC: POLYURETHANE ADDITIVES MARKET SIZE, BY APPLICATION, 2018–2025 (TON)
               TABLE 15 APAC: POLYURETHANE ADDITIVES MARKET SIZE, BY APPLICATION, 2018–2025 (USD THOUSAND)
               TABLE 16 APAC: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
               TABLE 17 APAC: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
             10.2.1 CHINA
                       10.2.1.1 China accounted for the largest share in the APAC market
                                   TABLE 18 CHINA: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
                                   TABLE 19 CHINA: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
             10.2.2 JAPAN
                       10.2.2.1 Technological advancements in automotive components and electronic products to drive the market
                                   TABLE 20 JAPAN: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
                                   TABLE 21 JAPAN: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
             10.2.3 SOUTH KOREA
                       10.2.3.1 Growing post-COVID-19 demand for automobiles to boost the demand
                                   TABLE 22 SOUTH KOREA: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
                                   TABLE 23 SOUTH KOREA: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
             10.2.4 INDIA
                       10.2.4.1 Rapid growth of the residential sector to propel the market
                                   TABLE 24 INDIA: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
                                   TABLE 25 INDIA: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
             10.2.5 MALAYSIA
                       10.2.5.1 Automotive industry growth to propel the market
                                   TABLE 26 MALAYSIA: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
                                   TABLE 27 MALAYSIA: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
             10.2.6 SINGAPORE
                       10.2.6.1 Augmentation and modernization of the transmission & distribution network to drive the market
                                   TABLE 28 SINGAPORE: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
                                   TABLE 29 SINGAPORE: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
             10.2.7 REST OF APAC
                                   TABLE 30 REST OF APAC: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
                                   TABLE 31 REST OF APAC: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
     10.3 EUROPE
               FIGURE 23 EUROPE: POLYURETHANE ADDITIVES MARKET SNAPSHOT
               TABLE 32 EUROPE: POLYURETHANE ADDITIVES MARKET SIZE, BY COUNTRY, 2018–2025 (TON)
               TABLE 33 EUROPE: POLYURETHANE ADDITIVES MARKET SIZE, BY COUNTRY, 2018–2025 (USD THOUSAND)
               TABLE 34 EUROPE: POLYURETHANE ADDITIVES MARKET SIZE, BY APPLICATION, 2018–2025 (TON)
               TABLE 35 EUROPE: POLYURETHANE ADDITIVES MARKET SIZE, BY APPLICATION, 2018–2025 (USD THOUSAND)
               TABLE 36 EUROPE: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
               TABLE 37 EUROPE: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
             10.3.1 GERMANY
                       10.3.1.1 Growing construction industry and the presence of highly integrated chemical parks to boost the demand
                                   TABLE 38 GERMANY: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
                                   TABLE 39 GERMANY: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD THOUSAND)
             10.3.2 FRANCE
                       10.3.2.1 Growing construction and chemical industries are driving the market
                                   TABLE 40 FRANCE: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
                                   TABLE 41 FRANCE: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
             10.3.3 UK
                       10.3.3.1 Government initiatives in the construction sector will boost the market
                                   TABLE 42 UK: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
                                   TABLE 43 UK: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
             10.3.4 ITALY
                       10.3.4.1 The presence of vast raw material manufacturers in the country is driving the market
                                   TABLE 44 ITALY: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
                                   TABLE 45 ITALY: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD THOUSAND)
             10.3.5 SPAIN
                       10.3.5.1 Huge investments in construction projects and regulations for environmental protection to spur the market
                                   TABLE 46 SPAIN: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
                                   TABLE 47 SPAIN: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
             10.3.6 RUSSIA
                       10.3.6.1 Presence of growing chemical industries in the country to drive the market
                                   TABLE 48 RUSSIA: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (TON)
                                   TABLE 49 RUSSIA: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD THOUSAND)
             10.3.7 REST OF EUROPE
                       TABLE 50 REST OF EUROPE: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (TON)
                       TABLE 51 REST OF EUROPE: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD THOUSAND)
     10.4 NORTH AMERICA
               FIGURE 24 NORTH AMERICA: POLYURETHANE ADDITIVES MARKET SNAPSHOT
               TABLE 52 NORTH AMERICA: POLYURETHANE ADDITIVES MARKET SIZE, BY COUNTRY, 2018–2025 (TON)
               TABLE 53 NORTH AMERICA: POLYURETHANE ADDITIVES MARKET SIZE, BY COUNTRY, 2018–2025 (USD THOUSAND)
               TABLE 54 NORTH AMERICA: POLYURETHANE ADDITIVES MARKET SIZE, BY APPLICATION, 2018–2025 (TON)
               TABLE 55 NORTH AMERICA: POLYURETHANE ADDITIVES MARKET SIZE, BY APPLICATION, 2018–2025 (USD THOUSAND)
               TABLE 56 NORTH AMERICA: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
               TABLE 57 NORTH AMERICA: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
             10.4.1 US
                       10.4.1.1 Expanding residential sector to fuel the market
                                   TABLE 58 US: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
                                   TABLE 59 US: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
             10.4.2 CANADA
                       10.4.2.1 Government initiatives for the construction sector to drive the market
                                   TABLE 60 CANADA: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
                                   TABLE 61 CANADA: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
             10.4.3 MEXICO
                       10.4.3.1 Automotive components and home appliances applications to drive the market
                                   TABLE 62 MEXICO: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
                                   TABLE 63 MEXICO: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
     10.5 SOUTH AMERICA
               TABLE 64 SOUTH AMERICA: POLYURETHANE ADDITIVES MARKET SIZE, BY COUNTRY, 2018–2025 (TON)
               TABLE 65 SOUTH AMERICA: POLYURETHANE ADDITIVES MARKET SIZE, BY COUNTRY, 2018–2025 (USD THOUSAND)
               TABLE 66 SOUTH AMERICA: POLYURETHANE ADDITIVES MARKET SIZE, BY APPLICATION, 2018–2025 (TON)
               TABLE 67 SOUTH AMERICA: POLYURETHANE ADDITIVES MARKET SIZE, BY APPLICATION, 2018–2025 (USD THOUSAND)
               TABLE 68 SOUTH AMERICA: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
               TABLE 69 SOUTH AMERICA: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
             10.5.1 BRAZIL
                       10.5.1.1 The large automotive sector is driving the market
                                   TABLE 70 BRAZIL: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
                                   TABLE 71 BRAZIL: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
             10.5.2 ARGENTINA
                       10.5.2.1 Stabilizing economy to boost the automotive sector
                                   TABLE 72 ARGENTINA: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
                                   TABLE 73 ARGENTINA: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
             10.5.3 REST OF SOUTH AMERICA
                       TABLE 74 REST OF SOUTH AMERICA: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
                       TABLE 75 REST OF SOUTH AMERICA: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
     10.6 MIDDLE EAST & AFRICA
               TABLE 76 MIDDLE EAST & AFRICA: POLYURETHANE ADDITIVES MARKET SIZE, BY COUNTRY, 2018–2025 (TON)
               TABLE 77 MIDDLE EAST & AFRICA: POLYURETHANE ADDITIVES MARKET SIZE, BY COUNTRY, 2018–2025 (USD THOUSAND)
               TABLE 78 MIDDLE EAST & AFRICA: POLYURETHANE ADDITIVES MARKET SIZE, BY APPLICATION, 2018–2025 (TON)
               TABLE 79 MIDDLE EAST & AFRICA: POLYURETHANE ADDITIVES MARKET SIZE, BY APPLICATION, 2018–2025 (USD THOUSAND)
               TABLE 80 MIDDLE EAST & AFRICA: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
               TABLE 81 MIDDLE EAST & AFRICA: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
             10.6.1 SAUDI ARABIA
                       10.6.1.1 Growth in the residential construction sector to drive the market
                                   TABLE 82 SAUDI ARABIA: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
                                   TABLE 83 SAUDI ARABIA: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
             10.6.2 UAE
                       10.6.2.1 Growth in the automotive manufacturing sector to fuel the demand
                                   TABLE 84 UAE: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
                                   TABLE 85 UAE: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)
             10.6.3 REST OF MIDDLE EAST & AFRICA
                       TABLE 86 REST OF MIDDLE EAST & AFRICA: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
                       TABLE 87 REST OF MIDDLE EAST & AFRICA: POLYURETHANE ADDITIVES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD THOUSAND)

11 COMPETITIVE LANDSCAPE (Page No. - 109)
     11.1 INTRODUCTION
               FIGURE 25 COMPANIES ADOPTED EXPANSION AND NEW PRODUCT LAUNCH AS THE KEY GROWTH STRATEGY BETWEEN 2015 AND 2020
     11.2 COMPETITIVE LEADERSHIP MAPPING, 2019
             11.2.1 STAR
             11.2.2 EMERGING LEADERS
             11.2.3 PERVASIVE
             11.2.4 PARTICIPANT
     11.3 MARKET RANKING
               FIGURE 26 POLYURETHANE ADDITIVES MARKET: COMPETITIVE LEADERSHIP MAPPING, 2019
     11.4 STRENGTH OF PRODUCT PORTFOLIO
               FIGURE 27 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN THE POLYURETHANE ADDITIVES MARKET
     11.5 BUSINESS STRATEGY EXCELLENCE
               FIGURE 28 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN THE POLYURETHANE ADDITIVES MARKET
     11.6 WINNERS VS. TAIL ENDERS
             11.6.1 WINNERS
             11.6.2 TAIL ENDERS
     11.7 MARKET SHARE, 2019
               FIGURE 29 THE TOP 5 COMPANIES LED THE POLYURETHANE ADDITIVES MARKET IN 2019
     11.8 RANKING OF KEY MARKET PLAYERS
               FIGURE 30 MARKET RANKING OF KEY PLAYERS
             11.8.1 EVONIK INDUSTRIES
             11.8.2 BASF
             11.8.3 HUNTSMAN CORPORATION
             11.8.4 COVESTRO
             11.8.5 DOW INC.
     11.9 COMPETITIVE SCENARIO
             11.9.1 NEW PRODUCT LAUNCH
             11.9.2 EXPANSION

12 COMPANY PROFILES (Page No. - 119)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, winning imperatives, current focus and strategies, threat from competition, right to win)*
     12.1 EVONIK INDUSTRIES
               FIGURE 31 EVONIK INDUSTRIES: COMPANY SNAPSHOT
               FIGURE 32 EVONIK INDUSTRIES: SWOT ANALYSIS
     12.2 BASF
               FIGURE 33 BASF: COMPANY SNAPSHOT
               FIGURE 34 BASF: SWOT ANALYSIS
     12.3 COVESTRO
               FIGURE 35 COVESTRO: COMPANY SNAPSHOT
               FIGURE 36 COVESTRO: SWOT ANALYSIS
     12.4 HUNTSMAN CORPORATION
               FIGURE 37 HUNTSMAN CORPORATION: BUSINESS SNAPSHOT
               FIGURE 38 HUNTSMAN CORPORATION: SWOT ANALYSIS
     12.5 DOW INC.
               FIGURE 39 DOW INC.: COMPANY SNAPSHOT
               FIGURE 40 DOW INC.: SWOT ANALYSIS
     12.6 LANXESS AG
               FIGURE 41 LANXESS AG: COMPANY SNAPSHOT
     12.7 ALBEMARLE CORPORATION
               FIGURE 42 ALBEMARLE CORPORATION: COMPANY SNAPSHOT
     12.8 TOSOH CORPORATION
               FIGURE 43 TOSOH CORPORATION: COMPANY SNAPSHOT
     12.9 MOMENTIVE
     12.10 BYK
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, winning imperatives, current focus and strategies, threat from competition, right to win might not be captured in case of unlisted companies.
     12.11 OTHER MARKET PLAYERS
               12.11.1 EASTMAN CHEMICAL COMPANY
               12.11.2 CLARIANT AG
               12.11.3 GULBRANDSEN CHEMICAL, INC.
               12.11.4 STRUKTOL COMPANY OF AMERICA, LLC
               12.11.5 MAJOREL
               12.11.6 AIR PRODUCTS & CHEMICALS
               12.11.7 SYNASIA
               12.11.8 PON PURE CHEMICALS GROUP
               12.11.9 LIBERTY CHEMICALS
               12.11.10 EVERLIGHT CHEMICAL
               12.11.11 MILLIKEN & COMPANY
               12.11.12 SHEPHERD CHEMICAL COMPANY
               12.11.13 ZHEJIANG WANSHENG CO., LTD.
               12.11.14 YANGZHOU DAJIANG CHEMICAL CO., LTD.
               12.11.15 HEJIA CHEMICAL

13 APPENDIX (Page No. - 149)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS

The study involves four major activities in estimating the current market size of polyurethane additives. Exhaustive secondary research was carried out to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methodologies were used to estimate the market size of the segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers and Bloomberg BusinessWeek, were referred to for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; gold standard & silver standard websites; regulatory bodies; and databases.

Primary Research

The polyurethane additives market comprises several stakeholders, such as raw material suppliers, distributors of polyurethane additives, industry associations, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market consists of manufacturers of polyurethane foams, adhesives & sealants, coatings, and elastomers, whereas the supply side consists of polyurethane additive manufacturers. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary interviews—

Polyurethane Additives Market  Size, and Share

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

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the polyurethane additives market. These methods were also used extensively to estimate the size of various subsegments of the market. The research methodology used to estimate the market size includes the following:

  • The key players in the market were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. Data was triangulated by studying various factors and trends from both the demand and supply sides.

Objectives of the Study:

  • To analyze and forecast the polyurethane additives market size, in terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the market growth
  • To define and describe the market by type, application, and end-use industry
  • To forecast the size of the market with respect to five regions, namely, Asia Pacific (APAC), Europe, North America, South America, and the Middle East & Africa, along with their key countries
  • To strategically analyze micro markets with respect to individual trends, growth prospects, and their contribution to the overall market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape for the market leaders
  • To analyze competitive developments, such as expansion and new product launch, in the market
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies

Available Customizations:

MarketsandMarkets offers customizations according to the specific needs of the companies, along with the market data. The following customization options are available for this report:

Product Analysis

  • A product matrix that provides a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the Rest of APAC polyurethane additives market

Company Information:

  • Detailed analysis and profiles of additional market players.
COVID-19

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Benchmarking the rapid strategy shifts of the Top 100 companies in the Polyurethane Additives Market

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Sep, 2020
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