Global Polyurethane Additives Market 2017-2021
About Polyurethane Additives
Polyurethane consists of organic components connected by urethane links. The majority of polyurethanes available are thermosetting polymers that do not melt at high temperatures. Polyurethane is conventionally utilized and is produced with the help of a polyol and di or polyisocyanate.Polyurethane additives are the chemical substances that are used in small quantities to enhance the properties of foams, adhesives, sealants, coatings, elastomers, and binders.Technavio’s analysts forecast the global polyurethane additives market to grow at a CAGR of 6.27% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global polyurethane additives market for 2017-2021. To calculate the market size, the report considers the revenues generated through sales of polyurethane additives for various application segments.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Polyurethane Additives Market 2017-2021
Technavio recognizes the following companies as the key players in the global polyurethane additives market: BASF, Covestro, Evonik Industries, Huntsman International, and The Dow Chemical Company
Other Prominent Vendors in the market are: Albemarle Corporation, Air Products and Chemicals, Eastman Chemical Company, Gulbrandsen, KOA Corporation, LANXESS, Momentive, Peterson Chemical Technology, Schill + Seilacher Struktol, and Tosoh Corporation.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing demand for rigid appliances foam. As the need for energy efficiency pushes the demand for advanced appliance foam, polyurethane additives help to create performance advantages. They provide improved insulation for appliance products and improve the application of foam through complex cabinet designs. They also help to reduce foam defects to achieve new standards for energy loss.”
According to the report, one of the major drivers for this market is Rising demand from construction industry. Polyurethane additives are commonly used in insulation panels, single-component foam, spray foam, and pipe insulation. Insulation panels made of polyurethane additives provide high energy and thermal insulation and are chemical resistant, making it ideal for both external and internal insulation. These polyurethane additives are commonly used in flooring and roofing of buildings, owing to properties such as high mechanical strength, long shelf life, light weight, temperature compatibility, less cure time, and thinner construction material.
Further, the report states that one of the major factors hindering the growth of this market is Volatility in raw material prices. Several chemicals that are used to manufacture polyurethane additives are derived from crude oil such as polyol and diisocyanates (TDI and MDI). The oil and gas industry is one of the principal suppliers of raw materials for the global polyurethane additives market as they are produced from petroleum fraction products. Fluctuations in crude oil prices have a severe effect on the prices of the raw material, affecting the costs of polyurethane additives.
BASF, Covestro, Evonik Industries, Huntsman International, The Dow Chemical Company, Albemarle Corporation, Air Products and Chemicals, Eastman Chemical Company, Gulbrandsen, KOA Corporation, LANXESS, Momentive, Peterson Chemical Technology, Schill + Seilacher Struktol, and Tosoh Corporation.
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