There has been an increase in usage of polyurethane materials across various end-use industries, such as automotive & transportation, building & construction, bedding & furniture, others. Polyurethane is used for various applications in these industries and is increasing at a rapid pace. This will fuel the demand for polyurethane additives to enhance the various properties of polyurethane for different applications such as foam, elastomer, coatings, adhesives, and sealants.
This report estimates the market size for polyurethane additive in terms of value & volume. The polyurethane additive market is projected to grow at a CAGR of 6.3% from 2016 to 2021, in terms of value. The trend of using cost-effective and eco-friendly polyurethane additives in various end-use industries is projected to drive the polyurethane additive market.
The developed regions, such as Europe and North America, are relatively mature markets compared with Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific is projected to grow at the highest CAGR from 2016 to 2021. The increase in the demand for high-performance polyurethane additives from construction, furniture, transportation, and other end-use industries are fueling the market growth in this region. In Asia-Pacific, China is projected to grow at the highest CAGR during the forecast period, in terms of value and volume. Though China has been an export-oriented country, the increasing domestic demand is expected to increase the domestic consumption of polyurethane additives. The flourishing automotive industry in China will also fuel the demand for high-performance polyurethane coatings and foams which in turn will drive the demand for polyurethane additives.
The elastomer application segment is expected to grow at the highest CAGR from 2016 to 2021. The demand will be mainly driven by the increasing use of elastomers in the footwear industry, NVH (Noise, Vibration, Harshness) elements in an automotive vehicle, roof membrane applications as well as the increasing use of elastomers as vibration-damping material in the automotive industry. Moreover, vehicle manufacturing is on the rise and the growing use of polyurethane elastomers will boost the demand for polyurethane additives for elastomer application.
The report “Polyurethane Additives Market by Type, Application (Flexible Foam, Rigid Foam, Adhesive & Sealant, Coating, Elastomer, Binders), End-Use Industry (Automotive, Building & Construction, and Bedding & Furniture), and Region – Global Forecast to 2021”, The market for polyurethane additives is expected to reach USD 2.75 Billion by 2021, at a CAGR of 6.3% from 2016 to 2021.
Browse 79 market data tables and 27 figures spread through 227 pages and in-depth TOC on “Polyurethane Additives Market”
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