The “Polyurethane Additives Market” report forecast 2019-2024 is a professional and detailed study on the present state also focuses on the major drivers, Polyurethane Additives business strategists and effective growth for the key players. Global Polyurethane Additives Industry also provides granular analysis of the Polyurethane Additives market dynamics, share, segmentation, revenue forecasts and facilitate better decision-making.
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The market for Polyurethane Additives is anticipated to register a CAGR of more than 6% during the forecast period 2019-2024. Polyurethanes additives are used to make high-performance products that are strong but lightweight, perform well, and are durable and versatile.
- One of the largest applications is the use of rigid PU foam as wall and roof insulation, insulated panels, and gap fillers for the space around doors and windows. Some rigid PU foams can be applied to seal gaps and cover irregular shapes. Such foams include spray, pour-in-place, and one-component foams, thereby augmenting the growth of the market.
- Stringent Government Regulations are likely to hinder the market’s growth.
- Increasing Demand for More Innovative and Cost-effective Additives are projected to act as an opportunity for the market in future.
Polyurethane Additives Market by Top Manufacturers:
Analysis and Key Opportunities of Polyurethane Additives Market Report: Extensive analysis of the Global market, by component, helps in understanding the components of the Market that are currently used along with the variants that would gain prominence in the future. Polyurethane Additives market report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.
Key Market Trends
Increasing Demand from the Automotive Industry
- The automotive industry provides one of the best examples of the diverse applications of PU materials. Nearly every type of PU product is used in the automotive end-user industry.
- Flexible PU foams are used in seating, headrests, arm rests, HVAC, and other interior systems for automotive, like in airliners, trains, and buses. PU coatings provide a vehicle’s exterior with the high gloss, durability, scratch resistance, and corrosion resistance. PU coatings are also used to glaze windshields and windows, increasing strength and providing fog resistance.
- PU elastomers protect against tire punctures and are used in other molded components, such as shock absorbers. Thermoplastic PU materials are used in the manufacture of many automotive parts, including exterior body parts, trunk liners, anti-lock brake systems, timing belts, and fuel lines. The unique properties of PU elastomers contribute for their exclusive usage in gaskets, O-rings, and other seals.
- Seating is the largest application of PU in the automotive industry. Many automotive seating manufacturers demand flexible foam producers for products made with bio-based polyols. However, market penetration of "green" PU is still in emergence in most global PU markets.
- Globally, more than 90% of automobiles are produced with bonded windshields and rear windows using one-component PU sealants. The automotive industry is the largest end-user industry for reaction injection molding (RIM) PU parts. RIM is used to maximize the shock absorption of vehicle fenders, bumpers, and spoilers, without adding weight or bulk.
- All the aforementioned factors, is expected to drive the global market during the forecast period.
Asia- Pacific region to dominate the Market
Asia-Pacific is the largest consumer of polyurethane additives in the global market. In the region, China is the largest economy in terms of GDP. The country’s annual growth of GDP was 6.6% in 2019, which is expected to increase by 6.2% in 2019. The rapid growth of the furniture manufacturing industry in the country is majorly fueled by the increasing domestic demand, coupled with a significant demand from the foreign market. China accounted for almost 40% of the global furniture production in 2017. The production was further increased at a rapid rate, due to the increase in domestic demand and exports to European countries. The automotive production in China is expected to increase during the forecast period, owing to increasing demand for lightweight and fuel-efficient vehicles and the popularity of electric vehicles, which is expected to propel the demand for PU additives in the country, in the coming years.
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Some Major Point cover in this Polyurethane Additives report are: -
What will the market growth rate, Overview and Analysis by Type of Polyurethane Additives Market in 2024?
What are the key factors driving, Analysis by Applications and Countries Global Polyurethane Additives industry?
What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Manufacturers Profiles of Polyurethane Additives?
Who are Opportunities, Risk and Driving Force of Polyurethane Additives Market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
Who are the opportunities and threats faced by the Manufacturers in Polyurethane Additives space? Business Overview by Type, Applications, Gross Margin and Market Share
What are the market opportunities, market risk and market overview of the Polyurethane Additives Market?
No. of Pages: - 135
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Table of Contents included in Polyurethane Additives Market Report –
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user industry
PART 07: Market segmentation by application
PART 08: Geographical Segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
List of abbreviations
List of Exhibits
And Many More….
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