“Global Polyurethane Additives Market 2018-2023” The polyurethane additives market is estimated to grow at a moderate to high rate during the forecast period, 2018-2023. Asia-Pacific is expected to witness highest growth in the demand for polyurethane during the forecast period, owing to the rising demand from automotive and construction industry.
Rising PU Demand in Construction Industry is likely to propel Additives Consumption
In building and construction, polyurethanes are used to make high-performance products that are strong but lightweight, perform well and are durable and versatile. Polyurethane products also can help enhance the aesthetic design of homes and buildings. The building & construction industry is expected to show significant growth for construction over the next decade propelled from emerging markets in India, China, Asia Pacific, South America, Middle East & Africa, and parts of East Europe.
Companies Include are: Aramco Performance Materials LLC, Braskem, Cortec Corporation, DRD Additives, Emery Oleochemicals, Functional Products, GEO Specialty Chemicals Inc., Hankuck Latices, ICL Industrial, INEOS Chlor, Kolon Industries, Lanxess
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Polyurethane Foam is likely to drive the Polyurethane Additives Market
The mattress and furnishing industries accounted for more than two thirds of the flexible PU Foam market in fiscal year 2016 and more than 45% of the entire flexible PU Foam market. Going forward, it is estimated that the improving penetration of mattresses (foam, coir and spring) will drive demand for flexible PU Foam. Molded PU Foam is predominantly consumed by the automobile industry, commanding nearly 85% of the molded PU Foam market, and more than 30% of the entire flexible PU Foam market. Increasing automobile production is expected to drive demand for molded PU Foam, which, in turn, is anticipated to drive the additives demand in polyurethane industry.
Asia-Pacific to Witness Strong Growth in Polyurethane Additives Market
The global focus of PU is currently on Asia-Pacific as well as the Middle East countries. China, India, Thailand, and Vietnam are some of the key markets for PU due to their large population base and low per capita consumption of PU compared to developed countries, such as Germany or the United States. China is the largest consumer of PU as it is the largest producer of footwear and automobiles globally. Approximately 65% of the worlds footwear is manufactured in China and approximately 15% is produced in India, Vietnam, and Indonesia, combined. As a result, Asia-Pacific (including China) accounted for almost 45% of the global PU consumption by volume. India and China alone manufacture approximately 50% of the worlds cars and, in turn, consume approximately 50% of the PU used for automobiles globally.
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Essential points covered in Global Polyurethane Additives Market 2018 Research are:-
- What will the market size and the growth rate be in 2023?
- What are the key factors driving the Global Polyurethane Additives market?
- What are the key market trends impacting the growth of the Global Polyurethane Additives market?
- What are the challenges to market growth?
- Who are the key vendors in the Global Polyurethane Additives market?
- What are the market opportunities and threats faced by the vendors in the Global Polyurethane Additives market?
- What are the key outcomes of the five forces analysis of the Global Polyurethane Additives market?
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Reasons to Buy
- Current and future Polyurethane Additives market outlook in the developed and emerging markets.
- Analyzing various perspectives of the market with the help of Porters five forces analysis.
- The segment that is expected to dominate the market.
- Regions that are expected to witness fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players.
- 3 months analyst support, along with the Market Estimate sheet (in excel)
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