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Polyurethane Additives Market: Highlights

  • Polyurethane additives are compounds that are added to polyurethane polymers to increase their overall performance. They help increase the characteristics of the polymer, thus affecting the processing speed as well as stability of the polymer. Polyurethane additives contribute to the outstanding performance of polyurethane foams and create advantages in the final foam performance.
  • Polyurethanes are used in various industries. Products made from these materials can be used as isolation materials in the construction industry. They can also be used in many applications in the automobile industry. Furthermore, they are used in the production of seating and upholstery furniture. They can also be employed in the manufacture of mattresses.

Key Drivers of Polyurethane Additives Market

  • In the building & construction sector, polyurethanes are used to make high-performance products that are strong but lightweight, perform well, and are durable and versatile. Therefore, growth in the building & construction industry is expected to boost the demand for polyurethane additives in the near future. Construction activities in North America have increased significantly over the last few years. According to the U.S. Census Bureau, the U.S. Government spent US$ 1,369.2 Bn in overall construction activities in January 2020, exhibiting an 1.8% increment from US$ 1,345.5 Bn in December 2019. The U.S. Government spent US$ 977,366 Mn in overall private construction activities and US$ 328,669 in overall public construction activities in 2019.
  • Being highly cellular polymers, polyurethane foams are easily ignitable. This characteristic limits their usage in areas that require them to pass certain fire regulations, as fire hazards are associated with the use of these polymeric materials. This further drives the demand for innovating new additives such as flame retardants to reduce the flammability of polyurethanes. A wide range of flame retardants such as inorganic phosphorus, organophosphorus, nitrogen, halogen, and phosphorus-halogen based compounds is used to meet the demand for these additives.

Polyurethane Additives Market: End-use Industry Segment

  • Based on end-use industry, the global polyurethane additives market can be segmented into building & construction, bedding & furniture, automotive, and others
  • The automotive segment is projected to account for significant share of the global polyurethane additives market during the forecast period. Polyurethanes are used in various parts of an automobile. These additives are used in the foam that makes car seats comfortable. Polyurethane additives are also used in bumpers, interior ceiling sections, car body, spoilers, and doors and windows.
  • Expanding at a healthy growth rate, building & construction and bedding & furniture segments are expected to create significant incremental opportunities during the forecast period
  • In terms of demand, the others segments is anticipated to expand at a moderate to high pace in the near future

Polyurethane Additives Market: Covid-19 Impact

  • The COVID-19 pandemic has had a negative impact on the global economy. It has adversely affected various industrial sectors by hampering the supply chain. Purchase and consumption behavior have changed significantly across various sectors with months of consumer lockdown and closure of international supply chains and retail businesses. This has adversely impacted the global polyurethane additives market.
  • The combination of extended lockdowns in developed market economies and domestic social distancing has deepened the adverse impact on emerging market economies. Longer lockdowns led to severe impact on household income, corporations' liquidity, and bank asset quality.

Asia Pacific to be Key Region of Global Polyurethane Additives Market

  • In terms of region, the global polyurethane additives market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In North America, the U.S. aims to promote investments in its end-use industries. This is estimated to boost the polyurethane additives market in the country.
  • In terms of demand, Asia Pacific held major share of the market in 2018, followed by North America and Europe. Asia Pacific is a highly promising region of the global market. This trend is expected to continue in the next few years. The polyurethane additives market in Asia Pacific is driven by expansion in the construction industry, increase in consumer spending, and strong economic growth.
  • The market in Latin America and Middle East & Africa is estimated to expand at a moderate pace during the forecast period. End-use industries in Mexico have been expanding steadily. The market in the UAE also exhibits significant growth. This is projected to drive the demand for polyurethane additives in Latin America and Middle East & Africa, respectively, during the forecast period.

Global Polyurethane Additives Market: Research Scope

Key Manufacturers Operating in Market

The global polyurethane additives market was highly fragmented in 2019. Key manufacturers operating in the global polyurethane additives market include:

  • Evonik Industries
  • Huntsman Corporation
  • Covestro AG
  • Dow Inc. 
  • Tosoh Corporation
  • Momentive

Global Polyurethane Additives Market, by Type

  • Flame Retardants
  • Surfactants
  • Fillers
  • Catalysts
  • Others

Global Polyurethane Additives Market, by Application

  • Coatings
  • Elastomers
  • Foams
  • Adhesives & Sealants
  • Others

Global Polyurethane Additives Market, by End-use Industry

  • Building & Construction
  • Bedding & Furniture
  • Automotive
  • Others

Global Polyurethane Additives Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Polyurethane Additives Market