Polyurethane Additives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Polyurethane Additives Market Analysis and it is segmented by type (blowing agents, catalysts, flame retardants, surfactants, and cross-linking and other additives), application (adhesives and sealants, coatings, flexible molded foams, rigid foams, and other applications), geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The market size and forecasts for the Polyurethane Additives Market are provided in terms of revenue (USD) for all the above segments.

Polyurethane Additives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Polyurethane Additives Market Size

Polyurethane Additives Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 3.64 Billion
Market Size (2029) USD 4.50 Billion
CAGR (2024 - 2029) 4.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Polyurethane Additives Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Polyurethane Additives Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Polyurethane Additives Market Analysis

The Polyurethane Additives Market size is estimated at USD 3.64 billion in 2024, and is expected to reach USD 4.5 billion by 2029, growing at a CAGR of greater than 4% during the forecast period (2024-2029).

The market was negatively impacted by the COVID-19 pandemic as there was a slowdown in production and mobility wherein industries were forced to delay their production due to containment measures and economic disruptions. Currently, the market has recovered from the pandemic. The market reached pre-pandemic levels in 2022 and is expected to grow steadily in the future.

  • The rising demand for polyurethane in the construction industry will likely propel additives’ consumption. 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. Thereby augmenting the market's growth.
  • On the flip side, the alternative additives can be used in some of the same applications as PU additives. For example, silicon additives and acrylic additives are both effective additives against PU foams.
  • The increasing demand for more innovative and cost-effective additives is projected to act as an opportunity for the market in the future.
  • The Asia-Pacific region is expected to account for the largest share and register the highest growth rate over the forecast period.

Polyurethane Additives Industry Overview

The polyurethane additives market is partially fragmented in nature. The major players (not in any particular order) include Evonik Industries AG, Air Products Inc., Covestro AG, Huntsman International LLC, and BASF SE. among others.

Polyurethane Additives Market Leaders

  1. Evonik Industries AG

  2. Covestro AG

  3. Air Products Inc.

  4. Huntsman International LLC

  5. BASF SE

  6. *Disclaimer: Major Players sorted in no particular order
Polyurethane Additives Market Concentration
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Polyurethane Additives Market News

  • August 2023: Marelli has developed a new lightweight polyurethane foam that can be applied to all foam-in-place (FIP) applications, particularly the main dashboard panel. This achievement is the result of a joint development with materials partner Covestro AG.
  • July 2023: Everchem Specialty Chemicals acquired Specialty Products Inc. The acquisition of the SPI business is part of the goal of bringing highly valued, solutions-based chemical technology to the vast polyurethane markets, which will drive the PU additive market.
  • September 2022: LANXESS's bio-based raw materials extend its LF urethane prepolymer range for adhesives. The prepolymers provide performance, processing, and productivity and enable companies to reduce CO2 emissions while helping to advance climate-neutral goals.

Polyurethane Additives Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Rising Demand for Polyurethane in the Construction Industry
    • 4.1.2 Increasing Demand from the Automotive Industry
    • 4.1.3 Growing demand for sustainable Polyurethane products
  • 4.2 Restraints
    • 4.2.1 Availability of Alternative Additives
    • 4.2.2 Stringent Government Regulations
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Value)

  • 5.1 Type
    • 5.1.1 Blowing Agents
    • 5.1.2 Catalysts
    • 5.1.3 Flame Retardants
    • 5.1.4 Surfactants
    • 5.1.5 Other Additives( Filler, Emulsifiers, and Crosslinking Additives)
  • 5.2 Application
    • 5.2.1 Adhesives and Sealants
    • 5.2.2 Coatings
    • 5.2.3 Flexible Molded Foams
    • 5.2.4 Rigid Foams
    • 5.2.5 Other Applications (Elastomers, Fibers, Composites, and Medical Devices)
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 ASEAN Countries
    • 5.3.1.6 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 Italy
    • 5.3.3.4 France
    • 5.3.3.5 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Air Products Inc.
    • 6.4.2 Covestro AG
    • 6.4.3 BASF SE
    • 6.4.4 Dow
    • 6.4.5 GEO Specialty Chemicals Inc.
    • 6.4.6 Huntsman International LLC
    • 6.4.7 Eastman Chemical Company
    • 6.4.8 Evonik Industries AG
    • 6.4.9 Momentive Performance Materials Inc.
    • 6.4.10 KAO Corporation
    • 6.4.11 Specialty Products Inc.
    • 6.4.12 Tosoh Corporation
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Increasing Demand for More Innovative and Cost-effective Additives
  • 7.2 Other Opportunities
**Subject to Availability
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Polyurethane Additives Industry Segmentation

Polyurethane additives are chemical compounds that are added to polyurethane formulations to enhance or change their properties. It is used to make high-performance products that are strong but lightweight, perform well, have color retention, are durable, and are versatile.

The polyurethane additives market is segmented by type, application, and geography. By type, the market is segmented into blowing agents, catalysts, flame retardants, and other additives (filler, emulsifiers, and crosslinking additives). By application, the market is segmented into adhesives and sealants, coatings, flexible molded foams, rigid foams, and other applications (elastomers, fibers, composites, and medical devices). The report also covers the market size and forecasts for the polyurethane additives market in 16 countries across major regions of the world. For each segment, the market sizing and forecasts have been done based on revenue (USD).

Type Blowing Agents
Catalysts
Flame Retardants
Surfactants
Other Additives( Filler, Emulsifiers, and Crosslinking Additives)
Application Adhesives and Sealants
Coatings
Flexible Molded Foams
Rigid Foams
Other Applications (Elastomers, Fibers, Composites, and Medical Devices)
Geography Asia-Pacific China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
Geography North America United States
Canada
Mexico
Geography Europe Germany
United Kingdom
Italy
France
Rest of Europe
Geography South America Brazil
Argentina
Rest of South America
Geography Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Polyurethane Additives Market Research FAQs

How big is the Polyurethane Additives Market?

The Polyurethane Additives Market size is expected to reach USD 3.64 billion in 2024 and grow at a CAGR of greater than 4% to reach USD 4.50 billion by 2029.

What is the current Polyurethane Additives Market size?

In 2024, the Polyurethane Additives Market size is expected to reach USD 3.64 billion.

Who are the key players in Polyurethane Additives Market?

Evonik Industries AG, Covestro AG, Air Products Inc., Huntsman International LLC and BASF SE are the major companies operating in the Polyurethane Additives Market.

Which is the fastest growing region in Polyurethane Additives Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

Which region has the biggest share in Polyurethane Additives Market?

In 2024, the Asia-Pacific accounts for the largest market share in Polyurethane Additives Market.

What years does this Polyurethane Additives Market cover, and what was the market size in 2023?

In 2023, the Polyurethane Additives Market size was estimated at USD 3.5 billion. The report covers the Polyurethane Additives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Polyurethane Additives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Polyurethane Additive Industry Report

Statistics for the 2024 Polyurethane Additives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Polyurethane Additives analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.