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Global Polyurethane Catalyst Market Share, Size, Analysis, Forecast: By Product Type: Organic Metal Catalyst, Amine Catalyst, Others; By Application: Adhesive and Sealant, Coating, Elastomer, Foam, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Polyurethane Catalyst Market Outlook
The global polyurethane catalyst market size reached a value of approximately USD 1.66 billion in 2022. The market is expected to grow at a CAGR of 7.01% between 2023 and 2028, reaching a value of around USD 2.5 billion by 2028.
Key Trends in the Market
Polyurethane is a plastic polymer that is used to produce modern, adaptable, safe, and secure consumer and industrial products that are environmentally friendly. To produce polyurethane, a diisocyanate or a polymeric isocyanate is mixed with a polyol, an alcohol containing more than two reactive hydroxyl groups per molecule, in the presence of the proper catalysts and additives. The formation of polyurethane is aided by polyurethane catalysts.
- Construction activities are boosting the demand for rigid foam made with polyurethane, which is expected to significantly help the polyurethane catalysts market. Throughout the forecast period, there is expected to be an increase in the usage of polyurethane in building projects, which will drive the application of polyurethane catalyst for the development of rigid foam.
- Due to the rise in automotive production, the polyurethane catalyst market share is anticipated to grow significantly during the forecast period. Polyurethane is utilised in seat coverings of automobiles since it shields leather from UV rays and extreme heat,. Moreover, increased automobile manufacturing is driving up the demand for polyurethane catalysts as a result of rising need for lightweight vehicles.
- In the upcoming years, the market will benefit greatly from the continuous development of eco-friendly, non-toxic polyurethane catalysts, particularly catalysts with low emission rates. The growing awareness regarding sustainability and environmental protection is extending into the production processes of materials such as polyurethane, resulting in an increased demand for eco-friendly polyurethane catalysts.
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Global Polyurethane Catalyst Market Analysis
Based on product type, the market is divided into organic metal catalyst, and amine catalyst, among others. On the basis of application, the market is segmented into adhesive and sealant, coating, elastomer, and foam, among others. The regional markets for polyurethane catalyst are divided into 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 global polyurethane catalyst market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- BASF SE
- Covestro AG
- Kao Corporation
- Huntsman International LLC.
- Suzhou Wedo Chemicals Co., Ltd.
- Tosoh Corporation
- Evonik Industries AG
- Albemarle Corporation
- Wanhua Chemical Group Co., Ltd.
- Others
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Market Share by Application
According to the polyurethane catalyst market research, foam is a significant application of polyurethane catalysts in the market. Polyurethane foams are high-performance closed-cell plastics that are used in industries like transportation, packaging, industrial insulations, and appliances due to their structural stability, which helps producers create thermally insulating products. Due to its superior mechanical strength, thermal resistance, and sound insulation capabilities, rigid foams are particularly well suited for harsh locations and adverse weather. The demand for rigid PU foam in insulation applications is expected to increase as a result of the efforts of various government in weatherising low-income homes and meeting transitional standards for green buildings. Products that employ flexible foam as a cushioning material include furniture, mattresses, carpet cushions, fibres, and textiles.
Market Share by Region
Asia Pacific occupied a sizable share of the polyurethane catalyst market and is expected to witness steady growth in the forecast period. The regional market is being driven by the expansion of key end-use sectors such automobile, electronics and appliance, packaging, furniture and interior design, and construction. The region is distinguished by large pools of reasonably skilled labour and easy access to land. China and India in particular are likely to benefit from a change in the production landscape towards emerging economies over the course of the forecast period. The region is home to a number of quickly growing companies, including those in the construction, automotive, and electronics sectors, which presents attractive growth potential for the polyurethane catalyst market value.
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Competitive Landscape
Covestro AG, founded in 2015, is a leading manufacturer of cutting-edge, high-performance polymers throughout the world, with its headquarters in Leverkusen, Germany. The company incorporates its inventive discoveries into its product line which includes polyurethanes, polycarbonates, coating, adhesive, speciality raw materials, and thermoplastic polyurethane elastomers, so as to help meet the needs of a wide range of end users.
Huntsman International LLC., with headquarters in Texas in the United States, produces unique organic chemical products. The company, which was founded in 1970, has separate divisions for polyurethanes, advanced materials, and textile effects, and performance goods. The polyurethanes product division includes thermoplastic polyurethane, methylene diphenyl diisocyanate, polyols, and other products associated with polyurethane.
Evonik Industries AG, headquartered in Essen, Germany and founded in 2007, is one of the top manufacturers of specialised chemicals worldwide. Its range of offerings includes surfactants, additives, polymers, and resins. Products made by the company are used in a variety of industries, including plastics and rubber, agriculture, construction, electrical and electronics, renewable energy, automotive, paints and coatings, paper and printing, metal and oil products, food and animal feed, consumer and personal care goods, and pharmaceuticals.
Other market players include BASF SE, Kao Corporation, Suzhou Wedo Chemicals Co., Ltd., Tosoh Corporation, Albemarle Corporation, and Wanhua Chemical Group Co., Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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 Catalyst Market Analysis
8.1 Key Industry Highlights
8.2 Global Polyurethane Catalyst Historical Market (2018-2022)
8.3 Global Polyurethane Catalyst Market Forecast (2023-2028)
8.4 Global Polyurethane Catalyst Market by Product Type
8.4.1 Organic Metal Catalyst
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Amine Catalyst
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Others
8.5 Global Polyurethane Catalyst Market by Application
8.5.1 Adhesive and Sealant
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Coating
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Elastomer
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Foam
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Polyurethane Catalyst Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Polyurethane Catalyst Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Polyurethane Catalyst Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Polyurethane Catalyst Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Polyurethane Catalyst Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Polyurethane Catalyst Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
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 BASF SE
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 Kao Corporation
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 Suzhou Wedo Chemicals Co., Ltd.
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 Tosoh Corporation
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 Evonik Industries 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 Albemarle Corporation
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 Wanhua Chemical Group Co., Ltd.
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 Catalyst Market: Key Industry Highlights, 2018 and 2028
2. Global Polyurethane Catalyst Historical Market: Breakup by Product Type (USD Million), 2018-2022
3. Global Polyurethane Catalyst Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4. Global Polyurethane Catalyst Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Polyurethane Catalyst Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Polyurethane Catalyst Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Polyurethane Catalyst Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Polyurethane Catalyst Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Polyurethane Catalyst Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Polyurethane Catalyst Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Polyurethane Catalyst Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Polyurethane Catalyst Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Polyurethane Catalyst Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Polyurethane Catalyst Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Polyurethane Catalyst Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Polyurethane Catalyst Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Polyurethane Catalyst Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Polyurethane Catalyst Market Structure
Key Questions Answered in the Report
In 2022, the global market for polyurethane catalysts attained a value of approximately USD 1.66 billion.
The market is projected to grow at a CAGR of 7.01% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 2.5 billion by 2028.
The major drivers of the market include growing demand for polyurethane, increasing development of eco-friendly polyurethane catalysts, rising demand for bio-based polyurethane, and increasing demand from the bedding, carpet, and cushioning industries.
Increasing construction activities, rising need for lightweight vehicles, expansion of manufacturing centres for polyurethane, and the surging popularity of polyurethane foams are the key trends in the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major applications of polyurethane catalysts in the market are adhesive and sealant, coating, elastomer, and foam, among others.
The primary product types of polyurethane catalyst in the market are organic metal catalyst, and amine catalyst, among others.
A tertiary amine compound, TEDA, is commonly used in the production of flexible, semi-rigid, and rigid polyurethane foams as well as elastomers and adhesives.
The major players in the polyurethane catalyst market, according to the report are BASF SE, Covestro AG, Kao Corporation, Huntsman International LLC., Suzhou Wedo Chemicals Co., Ltd., Tosoh Corporation, Evonik Industries AG, Albemarle Corporation, and Wanhua Chemical Group Co., Ltd., among others.
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