The polyurethane catalysts market share is expected to increase to 1708.89 thousand tons from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.65%. This polyurethane catalysts market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The polyurethane catalysts market report also offers information on several market vendors, including Albemarle Corp., BASF SE, Clariant International Ltd., Covestro AG, Ele Corp., Evonik Industries AG, Huntsman Corp., LANXESS AG, Momentive Performance Materials Inc., and Tosoh Corp. among others. Furthermore, this report extensively covers polyurethane catalysts market segmentation by:
- Application - Foam, elastomers, coatings, and others
- Geography - APAC, North America, Europe, South America, and MEA
What will the Polyurethane Catalysts Market Size be During the Forecast Period?
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Polyurethane Catalysts Market: Key Drivers, Trends, and Challenges
The strong demand from the automotive industry is notably driving the polyurethane catalysts market growth, although factors such as growing awareness of the negative impact of polyurethane on the environment may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the polyurethane catalysts industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Polyurethane Catalysts Market Driver
- One of the key factors driving the global polyurethane catalysts market growth is the strong demand from the automotive industry.
- The total disposable incomes of Indian households have been increasing since 2018. Increasing disposable incomes and the rising number of affordable cars launched by OEMs are increasing the demand for passenger cars in India.
- Increasing disposable incomes, especially in emerging nations, are expected to create several new demands in the automotive sector and increase the number of first-time buyers.
- The passenger car market in India is smaller than that in other emerging countries such as China, Brazil, and South Korea. In addition, there is an increasing demand for passenger cars from the country's small towns and rural areas.
- An increase in the demand for automobiles, especially from emerging countries, is expected to boost the growth of the market during the forecast period.
Key Polyurethane Catalysts Market Trend
- Increasing demand for rigid polyurethane foam is one of the key polyurethane catalysts market trends that is expected to impact the industry positively in the forecast period.
- Rigid polyurethane foam is a necessary and cost-effective material that may be utilized to achieve energy ratings in consumer refrigerators and freezers. In addition, hard polyurethane foam is employed in boats.
- Rigid foams for refrigerator and freezer thermal insulation systems are typical polyurethane applications in large appliances.
- Rigid polyurethane foam insulates boats from noise and temperature extremes, boosts load-bearing capability, and adds minimum weight. Such factors are expected to further support the market growth in the coming years.
Key Polyurethane Catalysts Market Challenge
- One of the key challenges to the global polyurethane catalysts market growth is the growing awareness of the negative impact of polyurethane on the environment.
- The polymers are used to make high-resilience foam seating, rigid foam insulation panels, foam seats, and gaskets, elastomeric wheels and tires, high-performance adhesives and surface coatings, and sealants.
- Polyurethane waste comprises several harmful substances such as isocyanates, hydrocyanic acid, and dioxins. In addition, polyurethane materials disposed of in landfills disintegrate into toxic, environmentally harmful compounds.
- As most polyurethanes are thermosetting polymers that do not melt when heated, recycling polyurethane is currently challenging and energy demanding. These and other factors are expected to impede the growth of the polyurethane catalyst market during the forecast period.
This polyurethane catalysts market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global polyurethane catalysts market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the polyurethane catalysts market during the forecast period.
Who are the Major Polyurethane Catalysts Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Albemarle Corp.
- BASF SE
- Clariant International Ltd.
- Covestro AG
- Ele Corp.
- Evonik Industries AG
- Huntsman Corp.
- LANXESS AG
- Momentive Performance Materials Inc.
- Tosoh Corp.
This statistical study of the polyurethane catalysts market encompasses successful business strategies deployed by the key vendors. The polyurethane catalysts market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
- Albemarle Corp. - The company offers polyurethane catalysts products such as ETHACURE curatives.
- BASF SE - The company offers polyurethane catalysts products such as Lupragen N100 and Lupragen N101.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The polyurethane catalysts market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Polyurethane Catalysts Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the polyurethane catalysts market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global specialty chemicals market includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Outbound logistics
- Marketing and sales
- Support activities
- Innovation
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Which are the Key Regions for Polyurethane Catalysts Market?
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51% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for polyurethane catalysts in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The presence of leading automotive manufacturers in countries such as China, India, Japan, and South Korea will augment the demand for polyurethane catalysts to manufacture various automotive components, which will facilitate the polyurethane catalysts market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
However, The outbreak of COVID-19 is expected to decline the growth of the polyurethane catalysts market in the region during the forecast period. Several countries, such as China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines, were under a partial or full lockdown due to the COVID-19 pandemic. The number of COVID-19 cases showed a decline in the first half of 2021, which led governments to lift the lockdowns imposed to curb the spread of the disease. Eventually, factories and manufacturing units reopened, and construction activities also increased. Such recovery in business operations will enable the regional polyurethane catalysts market to post a high growth rate during the forecast period.
What are the Revenue-generating Application Segments in the Polyurethane Catalysts Market?
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The polyurethane catalysts market share growth by the foam segment will be significant during the forecast period. The growth is attributed to their wide application as padding in a wide range of consumer and commercial items, including beds, furniture, vehicle interiors, carpet underlay, and packaging.
This report provides an accurate prediction of the contribution of all the segments to the growth of the polyurethane catalysts market size and actionable market insights on post COVID-19 impact on each segment.
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Polyurethane Catalysts Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.65% |
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Market growth 2022-2026 |
1708.89 th tons |
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Market structure |
Fragmented |
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YoY growth (%) |
6.40 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 51% |
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Key consumer countries |
China, US, India, Canada, Germany, and Brazil |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Albemarle Corp., BASF SE, Clariant International Ltd., Covestro AG, Ele Corp., Evonik Industries AG, Huntsman Corp., LANXESS AG, Momentive Performance Materials Inc., and Tosoh Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Polyurethane Catalysts Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive polyurethane catalysts market growth during the next five years
- Precise estimation of the polyurethane catalysts market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the polyurethane catalysts industry across APAC, North America, Europe, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of polyurethane catalysts market vendors
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