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Polyurethane Additive Market worth 2.75 Billion USD by 2021

The polyurethane additives market is projected to reach USD 2.75 billion by 2021, at a CAGR of 6.3%, in terms of value from 2016 to 2021.

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Polyurethane Additive Market worth 2.75 Billion USD by 2021

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  1. www.marketsandmarkets.com Polyurethane Additive Market worth 2.75 Billion USD by 2021 New product launches and expansions are the key strategies adopted by the industry players to achieve growth in the polyurethane additives market between 2016 and 2021. Development of cost effective products and more innovative features, led various manufacturers to focus on polyurethane additives, thus leading to increase in its demand. These aspects have encouraged companies to adopt strategies such as new product launches, expansions, mergers & acquisitions, and agreements. Some of the key players, such as Covestro AG (Germany), BASF SE (Germany), The Dow Chemical Company (U.S.), and Huntsman International LLC (U.S.) have adopted these strategies to develop their businesses, globally. These strategies also accounted for a significant share of the overall growth strategies adopted by the players in the polyurethane additives market between 2014 and 2016. BASF SE (Germany) is one of the leading players in the global polyurethane additives market. As a part of its business strategy, BASF focuses on new product developments and expansions. The company focuses on the manufacture of high-quality products by employing the latest state of the art technology and improving the efficiency of its operations. In 2015,BASF expanded its capacity for specialty amines at its Verbund site in Ludwigshafen, Germany. This expansion included production capacity of 20 specialty amines for the manufacture of coatings, lubricants, and pharmaceuticals. BASF SE is expanding its production facilities to cater to its end use industries. The report "Polyurethane Additives Market by Type, Application (Flexible Foam, Rigid Foam, Adhesive & Sealant, Coating, Elastomer, Binders), End-Use Industry (Automotive, Building & Construction, and Bedding & Furniture), and Region - Global Forecast to 2021", The market for polyurethane additives is expected to reach USD 2.75 Billion by 2021, at a CAGR of 6.3% from 2016 to 2021. Browse 79 market data tables and 27 figures spread through 227 pages and in-depth TOC. Page 1

  2. www.marketsandmarkets.com Early buyers will receive 10% customization on reports. The market is driven by growing demand of polyurethane in the building & construction industry. This growth results from an increase in demand for rigid foam mainly for insulation purposes. Rigid foam lowers energy costs by reducing heating and cooling requirements. Asia-Pacific: The Largest Market for Polyurethane Additive in 2016 Asia-Pacific is currently the largest market for polyurethane additives. China and India are the leading countries where there is major consumption of polyurethane additives in end-use industries such as building & construction, automotive, and furniture. Moreover, the growing population in India and China with rising disposable income is driving the demand for high- quality consumer products which is expected increase the use of polyurethane in many consumer goods. Flexible Foam: The Largest Application Segment of the Polyurethane Additive Market in 2016 Polyurethane additives are used in various forms of polyurethane application such as flexible foams, coatings, adhesives & sealant, elastomers, and binders. The flexible foam segment accounted for the largest market share, in terms of value as well as volume, followed by rigid foam in 2016. The elastomers segment is projected to grow at the highest CAGR from 2016 to 2021, in terms of value. Building & construction expected to dominate the market for PU additive in 2016 The building & construction industry is projected to drive the polyurethane additive market, aided by increased demand for insulation applications for maintaining optimum temperature and reducing the energy cost. Automotive is another end-use industry where polyurethane is being used for vehicle interiors as well as exteriors. The use of the polyurethane helps reduce the weight of vehicles and enhance fuel efficiency. Covestro AG (U.S.) is a key manufacturer in the global polyurethane additives market. The company, as a major polyurethane additive manufacturer, aims to expand its market share and became one of the most innovative companies in the world. As part of its growth strategy, in 2016, Covestro AG opened a new production plant at its Dormagen, Germany site for CO2-based polyether polyols, which will be used to manufacture flexible polyurethane foam for mattresses and upholstered furniture. With this expansion, the production of Covestro AG designed materials products will increase significantly. Key companies, such as Covestro AG (Germany), BASF SE (Germany), The Dow Chemical Company (U.S), Huntsman International LLC (U.S.), Tosoh Corporation (Japan), Evonik Industries AG (Germany), Eastman Chemical Company (U.S.) , Kao Corporation (Japan), Air Products and Chemicals, Inc (U.S) and Momentive Performance Materials Inc (U.S) are the most active players in the global polyurethane additives market. Page 2

  3. www.marketsandmarkets.com About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com Page 3

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