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Global Polyurethane Additives Market Size, Share, Forecast: By Type: Catalysts, Fillers, Surfactants, Flame Retardants, Others; By Application: Adhesive and Sealants, Coatings, Foams, Elastomers, Others; By End Use: Automotive and Transportation, Building and Construction, Electronics, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Polyurethane Additives Market Outlook
The global polyurethane additives market size reached approximately USD 3.35 billion in 2023. The market is further projected to grow at a CAGR of 6.1% between 2024 and 2032, reaching a value of USD 5.72 billion by 2032.
Key Trends in the Market
Polyurethane additives are used as coatings or added to resins to enhance their properties. The incorporation of the additives in polyurethane provides various advantages including mechanical strength, smoke suppression during combustion, mechanical strength, and ultraviolet resistance, among others. They also aid in improving the physical properties and performance of polyurethane by reducing oxidation and increasing resistance to heat.
- The rising utilisation of electronic devices owing to their ability to enhance convenience and increase accessibility is bolstering the polyurethane additives market growth. Polyurethanes are frequently deployed in electronic devices for sealing, encapsulating, and insulating, pressure sensitive and fragile microelectronic components, printed circuit boards, and underwater cables.
- The rising industrial development and increased investments by the key players of the market towards the development environment friendly polyurethane additives is aiding the market expansion.
- The expansion of the construction sector is providing lucrative growth opportunities to the market. Polyurethane is used as an adhesive and sealant for sealing joints, doors, windows, and fissures and cracks in floors and walls. The foams are used for minimising energy loss and reducing heat transfer for lowering cooling and heating costs.
Global Polyurethane Additives Market Analysis
On the basis of type, the market is divided into catalysts, fillers, surfactants, and flame retardants, among others. Based on applications, the market is classified into adhesives and sealants, coatings, foams, and elastomers, among others.
On the basis of end use, the market is segregated into automotive and transportation, building and construction, electronics, and bedding and furniture, among others. Based on region, the polyurethane additives market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Evonik Industries AG
- Covestro AG
- Air Products Inc.
- Huntsman International LLC
- BASF SE
- Eastman Chemical Company
- Clariant AG
- Schill+Seilacher "Struktol" GmbH
- Liberty Chemicals
- Others
Market Share by End Use
Automotive and transportation is expected to account for a significant polyurethane additives market share. Polyurethane coatings provide scratch resistance, durability, and corrosion resistance and are therefore preferred used on the exterior the vehicles including windshields and windows to provide resistance against damage and increase strength. Polyurethane foams aid in reduction of road noise and absorption of vibration because of which they are used in door panels and dashboards.
Market Share by Region
The Asia Pacific is anticipated to account for a significant share of the market over the forecast period. This growth can be attributed to the increased polyurethane additives market demand from various end user industries including electronics, transportation, packaging, and construction, among others owing to increasing population. The expansion of the furniture manufacturing sector due to rapid urbanisation and increasing disposable incomes is further bolstering the demand for polyurethane additives.
Competitive Landscape
Evonik Industries AG, headquartered in Essen, Germany, is one of the leading speciality chemicals manufacturing companies that specialises in cosmetic solutions, animal nutrition, high performance polymers, and polyurethane additives, among others.
Covestro AG, headquartered in Leverkusen, Germany, is a chemical manufacturing company that provides high quality polyurethane additives and polymer materials. The company is known for using innovative methods and processes to enhance sustainability.
Air Products Inc., headquartered in Pennsylvania, United States, is dedicated towards providing essential industrial equipment and gases to customers across a dozen industries. The company specialises in polyurethane additives, gas equipment, hydrogen, and nitrogen, among others.
Other polyurethane additives market key players include Huntsman International LLC, BASF SE, Eastman Chemical Company, Clariant AG, Schill+Seilacher "Struktol" GmbH, and Liberty Chemicals, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Polyurethane Additives Market Analysis
8.1 Key Industry Highlights
8.2 Global Polyurethane Additives Historical Market (2018-2023)
8.3 Global Polyurethane Additives Market Forecast (2024-2032)
8.4 Global Polyurethane Additives Market by Type
8.4.1 Catalysts
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Fillers
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Surfactants
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Flame Retardants
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Polyurethane Additives Market by Application
8.5.1 Adhesive and Sealants
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Coatings
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Foams
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Elastomers
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Polyurethane Additives Market by End Use
8.6.1 Automotive and Transportation
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Building and Construction
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Electronics
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Bedding and Furniture
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Polyurethane Additives Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Polyurethane Additives Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Polyurethane Additives Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Polyurethane Additives Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Polyurethane Additives Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Polyurethane Additives Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Evonik Industries AG
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Covestro AG
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Air Products Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Huntsman International LLC
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 BASF SE
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Eastman Chemical Company
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Clariant AG
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Schill+Seilacher "Struktol" GmbH
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Liberty Chemicals
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Polyurethane Additives Market: Key Industry Highlights, 2018 and 2032
2. Global Polyurethane Additives Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Polyurethane Additives Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Polyurethane Additives Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Polyurethane Additives Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Polyurethane Additives Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Polyurethane Additives Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Polyurethane Additives Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Polyurethane Additives Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Polyurethane Additives Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Polyurethane Additives Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Polyurethane Additives Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Polyurethane Additives Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Polyurethane Additives Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Polyurethane Additives Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Polyurethane Additives Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Polyurethane Additives Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Polyurethane Additives Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Polyurethane Additives Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Polyurethane Additives Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 3.35 billion in 2023.
The market is projected to grow at a CAGR of 6.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 5.72 billion by 2032.
The major market drivers include industrial development and expansion of the construction sector.
The key trends fuelling the growth of the market include rising utilisation of electronic devices and increased investments by the key players of the market towards the development environment friendly polyurethane additives.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The end uses of polyurethan additives include automotive and transportation, building and construction, electronics, and bedding and furniture, among others.
The key players in the market are Evonik Industries AG, Covestro AG, Air Products Inc., Huntsman International LLC, BASF SE, Eastman Chemical Company, Clariant AG, Schill+Seilacher "Struktol" GmbH, and Liberty Chemicals, among others.
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