$2.75 Billion Polyurethane Additives Market 2017

Research and Markets has announced the addition of the "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" report to their offering.

The global polyurethane additive market is projected to reach USD 2.75 billion by 2021 at a CAGR of 6.3% from 2016 to 2021.

The growth is fueled by rising demand for polyurethane additives across various end-use industries such as building & construction and automotive. This growth is mainly driven due to increasing demand for rigid foam mainly for insulation purposes.

Volatility in raw material prices can result in lower demand for polyurethane additives and increased pressure from regulatory bodies can curtail the growth of polyurethane additive market.

Elastomer is the fastest-growing polyurethane segment, both in terms of volume and value in the polyurethane additives market. They possess the outstanding thermal stability, mechanical properties, and chemical resistance. These properties make them suitable for a wide range of end-use applications such as auxiliary springs in vehicles, water seals, O-rings, puncture-resistant tire fill, and voltaic cell backings.

Asia-Pacific is the fastest-growing market for polyurethane additives, in terms of value and volume. Growing manufacturing industries, high economic growth rate, cheap labor, increasing foreign investments makes it manufacturing hub of the world. The growth of various industries such as automotive and building & construction in Asia-Pacific will boost the demand for polyurethane additives.

Covestro AG (Germany), BASF SE (Germany), The Dow Chemical Company (U.S.), and Huntsman International LLC (U.S.) are the leading companies operating in this market.