세계 폴리우레탄 첨가제 시장 - 산업규모, 점유율, 동향, 기회 및 예측(2018-2028년) : 유형별, 최종 사용자별, 지역별 경쟁

Global Polyurethane Additives Market has valued at USD3.68 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 4.23% through 2028. Chemical compounds known as polyurethane additives play a crucial role in enhancing the overall performance of polyurethane polymers. These additives are carefully added to the polymers to improve various aspects, such as processing speed, stability, and insulation. By incorporating polyurethane additives, binders, sealants, elastomers, coatings, and adhesives can all benefit from improved qualities.

Not only do the additives enhance the properties of the final product, but they also impart essential traits to the parent material. These traits include flexibility, low density, durability, and many others. When it comes to surfactants, there are different types available on the market, such as catalysts, ethylene amines, tertiary amines, metal-based catalysts, silicone surfactants, non-silicone surfactants, fillers, and others. Depending on the application, the market is divided into foam, coatings, adhesive & sealants, elastomers, and binders. Furthermore, based on end-users, the market is categorized into building & construction, bedding & furniture, automotive & transportation, and others.

The Polyurethane Additives Market is expected to witness significant growth in the upcoming years, driven by the rising demand from the global building and construction sectors and the increasing utilization of bio-based products for greener production. Additionally, the growing consumer awareness of a healthier lifestyle is likely to further enhance the industry's growth. Market innovations and the rising customer demand for more innovative and cost-effective additives are anticipated to fuel the market throughout the projected year.

Several key factors are expected to accelerate the growth of the polyurethane additives market in the coming years. These include the expanding applications in various industries, the increasing demand for biodegradable and recyclable packaging, rapid urbanization, rising disposable income levels, the growing demand for automobiles, and the rapid expansion of the transportation sector. Simultaneously, the market will also witness growth due to the rising demand for environmentally friendly polyurethane additives and the increase in industrial development.

In conclusion, the polyurethane additives market is poised for substantial growth, driven by various factors and the increasing need for enhanced performance and sustainability in multiple industries.

Key Market Drivers

Growing Demand of Polyurethane Additives in Automotive Industry

Polyurethane additives play a crucial role in the production of polyurethanes, enhancing their properties and making them suitable for a vast array of applications. These additives not only improve the flexibility, durability, and thermal stability of polyurethanes but also contribute to their fire resistance and chemical resistance, expanding their usability across multiple industries. In the construction sector, polyurethane additives are utilized in insulation materials, sealants, adhesives, and coatings, providing enhanced performance and energy efficiency. In the furniture industry, these additives are employed in the production of foams, coatings, and adhesives, ensuring comfort, durability, and aesthetic appeal. Additionally, in the electronics industry, polyurethane additives find use in encapsulation materials, adhesives, and potting compounds, providing protection and reliability for electronic components.

When it comes to the automotive industry, the utilization of polyurethane additives is extensive and diverse. These additives are indispensable in the production of various automotive components, including car seats, interiors, insulation materials, suspension bushings, and gaskets. With their exceptional resistance to abrasion, weathering, and heat, coupled with their ability to enhance mechanical properties, polyurethane additives offer unmatched performance and longevity in automotive applications. Moreover, the lightweight nature of polyurethane-based components contributes to fuel efficiency and helps meet the growing demand for lighter vehicles without compromising safety or comfort.

The increasing demand for polyurethane additives in the automotive industry has significant implications for the global market. Firstly, it is driving substantial growth in the market, with automotive applications accounting for a substantial portion of the global demand for polyurethane additives. As the automotive industry continues to expand, particularly in emerging economies, this demand is poised to escalate further. Secondly, this demand is fostering innovation in the market, prompting manufacturers to invest in research and development activities. This investment is leading to the development of advanced additives that further enhance the performance of polyurethanes, expanding their range of applications in the automotive sector. Lastly, the growing demand for polyurethane additives in the automotive industry is reshaping the competitive landscape of the market. Companies that effectively cater to the unique needs of this industry are likely to gain a competitive advantage, driving further growth and market consolidation.

The surging demand for polyurethane additives in the automotive industry serves as a major driver for the global polyurethane additives market. As the automotive industry continues to evolve, the need for high-performance materials like polyurethanes, enriched with the right additives, is set to increase. Therefore, stakeholders in the polyurethane additives market should strategically focus on meeting the evolving needs of the automotive industry to fully capitalize on its immense growth potential.

Growing Demand of Polyurethane Additives in Construction Industry

In the construction industry, polyurethane additives play a significant role. They are extensively used in various applications such as insulation materials, sealants, and coatings, among others. These additives possess exceptional properties like resistance to weathering, heat, and abrasion, making them indispensable in construction materials.

The trend towards energy-efficient buildings is driving the demand for polyurethane additives even further. As the construction industry strives to reduce energy consumption, the use of polyurethane-based insulation materials, enhanced with additives, is gaining popularity. These materials not only provide excellent insulation but also contribute to energy savings.

The surging demand for polyurethane additives in the construction industry has several implications for the global market. Firstly, it is stimulating significant growth, with construction applications accounting for a substantial portion of the global demand. As the construction industry continues to expand, especially in emerging economies, the demand for polyurethane additives is expected to rise even further.

Secondly, this demand is fostering innovation in the market. Manufacturers are investing in research and development activities to cater to the specific requirements of construction applications. This investment is leading to the creation of new and improved additives, enhancing the performance of polyurethanes, and expanding their range of applications in the construction industry.

Lastly, the growing demand for polyurethane additives is shaping the competitive landscape of the market. Companies that can effectively cater to the construction industry's needs are likely to gain a competitive edge. By providing tailored solutions and high-quality products, these companies can capitalize on the growth potential of the construction industry.

Overall, the growing demand for polyurethane additives in the construction industry is a major driver of the global polyurethane additives market. As the construction industry continues to evolve, the need for high-performance materials like polyurethanes, enhanced with the right additives, is set to increase. Therefore, stakeholders in the polyurethane additives market should focus on meeting the evolving needs of the construction industry to fully capitalize on its growth potential.

Key Market Challenges

Volatility in Prices of Raw Materials

The production of polyurethane additives heavily relies on crude oil, which serves as the primary source of raw materials. Consequently, any fluctuation in crude oil prices has a direct impact on the cost of these essential components. In recent years, the global market has experienced significant volatility in crude oil prices, resulting in an unstable landscape for raw material costs. This unpredictability poses a considerable challenge for manufacturers in the polyurethane additives market.

The implications of such volatility extend beyond cost considerations. The unpredictable nature of raw material prices makes budgeting and forecasting a daunting task for manufacturers, directly impacting their profitability. Moreover, this instability also reverberates throughout the supply chain, leading to delays and uncertainties that further complicate the manufacturers' ability to meet customer demand.

Amidst this intricate web of challenges, manufacturers must navigate through the ever-changing terrain of raw material costs, seeking innovative strategies to mitigate risks and maintain a competitive edge. By proactively addressing the unpredictability and volatility of crude oil prices, manufacturers can strengthen their resilience and adaptability in the dynamic polyurethane additives market.

Key Market Trends

Growing Demand of Sustainability and Eco-Friendly Additives

In recent years, there has been a significant global movement towards sustainability, driven by the growing awareness of environmental issues and the need for responsible practices. Consumers and businesses alike are actively seeking out eco-friendly alternatives in their everyday choices.

This shift towards sustainability is not just a passing trend but a necessary response to the pressing challenges we face. Regulatory pressures and increasing environmental consciousness have led to a strong emphasis on reducing carbon emissions and waste. As a result, industries are adapting and evolving to meet these demands.

One industry that is undergoing a transformation is the polyurethane additives market. Manufacturers are now actively focusing on developing additives that are derived from renewable sources or that enhance the recyclability of polyurethanes. These sustainable and eco-friendly additives are designed to deliver the same high performance as traditional additives while minimizing their environmental impact.

By incorporating renewable and recyclable additives into polyurethane production, manufacturers are contributing to a more sustainable future. This not only aligns with the global push towards sustainability but also creates opportunities for innovation and growth within the industry. As the demand for eco-friendly materials continues to rise, the polyurethane additives market is poised to play a crucial role in supporting sustainable practices across various sectors.

In conclusion, the ongoing shift towards sustainability is driving the evolution of the polyurethane additives market. With a focus on renewable sources and recyclability, manufacturers are making significant strides in reducing the environmental impact of polyurethanes while maintaining their performance. This commitment to sustainability reflects a broader global effort to create a more eco-friendly and responsible future.

Segmental Insights

Type Insights

Based on the category of type, the others segment emerged as the dominant player in the global market for Polyurethane Additives in 2022. Organohalogen and organophosphate chemicals, including polybrominated diphenyl ethers (PBDEs) and chlorinated trisiloxanes (CTXs), are among the flame retardants that are causing concern, such as TDCPP. These flame retardants belong to different categories, such as chlorinated, brominated, phosphorous, and inorganic flame retardants. They play a crucial role in the production of high-quality polyurethanes used in a wide range of applications, including electronics, automotive, and construction industries. As the demand for flame retardants continues to grow in the manufacturing of polyurethanes, the market for polyurethane additives is expected to witness significant growth in the forecast period. This growth can be attributed to the increased focus on ensuring fire safety and the need for high-performance materials in various sectors.

End User Insights

The Automotive segment is projected to experience rapid growth during the forecast period. Polyurethane additives, including catalysts, surfactants, fillers, and flame retardants, play a crucial role in the formulation of foams, coatings, and elastomers. These versatile materials are increasingly utilized in the transportation industry, offering a wide range of benefits.

One notable application is the use of polyurethane coatings to enhance the exterior of vehicles. These coatings provide a high gloss finish, exceptional durability, scratch resistance, and corrosion resistance. Moreover, they are employed for glazing windshields and windows, increasing strength, and offering resistance to fog.

The benefits of polyurethane additives extend beyond the physical properties they impart. They also improve emulsification and nucleation, prevent coalescence, stabilize cell membranes, and enhance ingredient compatibility while reducing surface tension.

Considering these remarkable attributes, the demand for polyurethane additives is anticipated to further soar in tandem with the flourishing transportation sector in the forecast period.

Regional Insights

Asia Pacific emerged as the dominant player in the Global Polyurethane Additives Market in 2022, holding the largest market share in terms of value. The demand for polyurethane additives market in the region is primarily driven by the growing demand for polyurethane foams, polyurethane coatings, polyurethane elastomer, and polyurethane adhesives from various end-use industries such as building and construction, transportation, electronics, and packaging. Additionally, the demand for polyurethane additives is significantly influenced by the increasing production of automotive in emerging economies, such as India, Japan, and China. As these economies continue to experience steady growth in their automotive sectors, the need for polyurethane additives has witnessed a notable surge.

The rising use of flexible foams in the interior systems of automotive, aircraft, and railway industries has further contributed to the growth of the polyurethane additives market. This trend aligns with the increasing demand for comfortable and luxurious interiors in vehicles, ensuring enhanced passenger experience. According to the International Trade Administration, China remains the world's largest vehicle market, with domestic production expected to reach 35 million vehicles by 2025. This projected growth in the automotive sector is anticipated to drive the demand for polyurethane additives in the forecast period.

The continuous expansion of the automotive industry, coupled with the rising production and sales of vehicles, creates a favorable environment for the growth of the polyurethane additives market. The versatility and performance benefits offered by polyurethane additives make them indispensable in meeting the evolving demands of various industries. Consequently, the demand for polyurethane additives is expected to witness significant growth in the foreseeable future.

Key Market Players

• Air Products and Chemicals, Inc.

• Evonik Industries AG

• Covestro AG

• Huntsman International LLC

• BASF SE

• Tosoh Corporation

• The DOW Chemical Company

• KAO Corporation

• Eastman Chemical Company

• Albemarle Corporation.

Report Scope:

In this report, the Global Polyurethane Additives Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Polyurethane Additives Market, By Type:

• Catalysts
• Surfactants
• Fillers
• Others

Polyurethane Additives Market, By End User:

• Automotive
• Construction
• Bedding & Furniture
• Others

Polyurethane Additives Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia-Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE
• Kuwait
• Turkey
• Egypt

Competitive Landscape

• Company Profiles: Detailed analysis of the major companies present in the Global Polyurethane Additives Market.

Available Customizations:

• Global Polyurethane Additives Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Global Polyurethane Additives Market Outlook

• 4.1. Market Size & Forecast
  • 4.1.1. By Value
• 4.2. Market Share & Forecast
  • 4.2.1. By Type (Catalysts, Surfactants, Fillers, Others)
  • 4.2.2. By End User (Automotive, Construction, Bedding & Furniture, Others)
  • 4.2.3. By Region
  • 4.2.4. By Company (2022)
• 4.3. Market Map
  • 4.3.1. By Type
  • 4.3.2. By End User
  • 4.3.3. By Region

5. Asia Pacific Polyurethane Additives Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Type
  • 5.2.2. By End User
  • 5.2.3. By Country
• 5.3. Asia Pacific: Country Analysis
  • 5.3.1. China Polyurethane Additives Market Outlook
    • 5.3.1.1. Market Size & Forecast
      • 5.3.1.1.1. By Value
    • 5.3.1.2. Market Share & Forecast
      • 5.3.1.2.1. By Type
      • 5.3.1.2.2. By End User
  • 5.3.2. India Polyurethane Additives Market Outlook
    • 5.3.2.1. Market Size & Forecast
      • 5.3.2.1.1. By Value
    • 5.3.2.2. Market Share & Forecast
      • 5.3.2.2.1. By Type
      • 5.3.2.2.2. By End User
  • 5.3.3. Australia Polyurethane Additives Market Outlook
    • 5.3.3.1. Market Size & Forecast
      • 5.3.3.1.1. By Value
    • 5.3.3.2. Market Share & Forecast
      • 5.3.3.2.1. By Type
      • 5.3.3.2.2. By End User
  • 5.3.4. Japan Polyurethane Additives Market Outlook
    • 5.3.4.1. Market Size & Forecast
      • 5.3.4.1.1. By Value
    • 5.3.4.2. Market Share & Forecast
      • 5.3.4.2.1. By Type
      • 5.3.4.2.2. By End User
  • 5.3.5. South Korea Polyurethane Additives Market Outlook
    • 5.3.5.1. Market Size & Forecast
      • 5.3.5.1.1. By Value
    • 5.3.5.2. Market Share & Forecast
      • 5.3.5.2.1. By Type
      • 5.3.5.2.2. By End User

6. Europe Polyurethane Additives Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Type
  • 6.2.2. By End User
  • 6.2.3. By Country
• 6.3. Europe: Country Analysis
  • 6.3.1. France Polyurethane Additives Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Type
      • 6.3.1.2.2. By End User
  • 6.3.2. Germany Polyurethane Additives Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Type
      • 6.3.2.2.2. By End User
  • 6.3.3. Spain Polyurethane Additives Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Type
      • 6.3.3.2.2. By End User
  • 6.3.4. Italy Polyurethane Additives Market Outlook
    • 6.3.4.1. Market Size & Forecast
      • 6.3.4.1.1. By Value
    • 6.3.4.2. Market Share & Forecast
      • 6.3.4.2.1. By Type
      • 6.3.4.2.2. By End User
  • 6.3.5. United Kingdom Polyurethane Additives Market Outlook
    • 6.3.5.1. Market Size & Forecast
      • 6.3.5.1.1. By Value
    • 6.3.5.2. Market Share & Forecast
      • 6.3.5.2.1. By Type
      • 6.3.5.2.2. By End User

7. North America Polyurethane Additives Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Type
  • 7.2.2. By End User
  • 7.2.3. By Country
• 7.3. North America: Country Analysis
  • 7.3.1. United States Polyurethane Additives Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Type
      • 7.3.1.2.2. By End User
  • 7.3.2. Mexico Polyurethane Additives Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Type
      • 7.3.2.2.2. By End User
  • 7.3.3. Canada Polyurethane Additives Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Type
      • 7.3.3.2.2. By End User

8. South America Polyurethane Additives Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Type
  • 8.2.2. By End User
  • 8.2.3. By Country
• 8.3. South America: Country Analysis
  • 8.3.1. Brazil Polyurethane Additives Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Type
      • 8.3.1.2.2. By End User
  • 8.3.2. Argentina Polyurethane Additives Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Type
      • 8.3.2.2.2. By End User
  • 8.3.3. Colombia Polyurethane Additives Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Type
      • 8.3.3.2.2. By End User

9. Middle East and Africa Polyurethane Additives Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Type
  • 9.2.2. By End User
  • 9.2.3. By Country
• 9.3. MEA: Country Analysis
  • 9.3.1. South Africa Polyurethane Additives Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Type
      • 9.3.1.2.2. By End User
  • 9.3.2. Saudi Arabia Polyurethane Additives Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Type
      • 9.3.2.2.2. By End User
  • 9.3.3. UAE Polyurethane Additives Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Type
      • 9.3.3.2.2. By End User
  • 9.3.4. Egypt Polyurethane Additives Market Outlook
    • 9.3.4.1. Market Size & Forecast
      • 9.3.4.1.1. By Value
    • 9.3.4.2. Market Share & Forecast
      • 9.3.4.2.1. By Type
      • 9.3.4.2.2. By End User

10. Market Dynamics

• 10.1. Drivers
• 10.2. Challenges

11. Market Trends & Developments

• 11.1. Recent Developments
• 11.2. Product Launches
• 11.3. Mergers & Acquisitions

12. Global Polyurethane Additives Market: SWOT Analysis

13. Porter's Five Forces Analysis

• 13.1. Competition in the Industry
• 13.2. Potential of New Entrants
• 13.3. Power of Suppliers
• 13.4. Power of Customers
• 13.5. Threat of Substitute Product

14. Competitive Landscape

• 14.1. Air Products and Chemicals, Inc.
  • 14.1.1. Business Overview
  • 14.1.2. Company Snapshot
  • 14.1.3. Products & Services
  • 14.1.4. Current Capacity Analysis
  • 14.1.5. Financials (In case of listed)
  • 14.1.6. Recent Developments
  • 14.1.7. SWOT Analysis
• 14.2. Evonik Industries AG
• 14.3. Covestro AG
• 14.4. Huntsman International LLC
• 14.5. BASF SE
• 14.6. Tosoh Corporation
• 14.7. The DOW Chemical Company
• 14.8. KAO Corporation
• 14.9. Eastman Chemical Company
• 14.10. Albemarle Corporation.

15. Strategic Recommendations

16. About Us & Disclaimer