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Polyurethane Catalysts Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Mar 2022
  • Pages: 120
  • SKU: IRTNTR72184
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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.

 

Polyurethane Catalysts Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.65%

Market growth 2022-2026

1708.89 th tons

Market structure

Fragmented

YoY growth (%)

6.40

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 51%

Key consumer countries

China, US, India, Canada, Germany, and Brazil

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

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.

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

Customization purview

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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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1. Executive Summary                         

               1.1 Market Overview 

                              Exhibit 01:  Key Finding 1

                              Exhibit 02:  Key Finding 2

                              Exhibit 03:  Key Finding 3

                              Exhibit 04:  Key Finding 5

                              Exhibit 05:  Key Finding 6

                              Exhibit 06:  Key Finding 7

                              Exhibit 07:  Key Finding 8

2. Market Landscape                            

               2.1 Market ecosystem             

                              Exhibit 08:   Parent market

                              Exhibit 09:  Market Characteristics

               2.2 Value chain analysis           

                              Exhibit 10:  Value chain analysis

                              2.2.1 Inputs

                              2.2.2    Inbound logistics

                              2.2.3    Operations

                              2.2.4    Outbound logistics

                              2.2.5    Marketing and sales

                              2.2.6    Support activities

                              2.2.7    Innovations

3. Market Sizing                      

               3.1 Market definition

                              Exhibit 11:   Offerings of vendors included in the market definition

               3.2 Market segment analysis  

                              Exhibit 12:   Market segments

               3.3 Market size 2021 

               3.4 Market outlook: Forecast for 2021 - 2026 

                              Exhibit 13:  Global - Market size and forecast 2021 - 2026 (thousand tons)

                              Exhibit 14:  Global market: Year-over-year growth 2021 - 2026 (%)

4. Five Forces Analysis                         

               4.1 Five Forces Summary         

                              Exhibit 15: Five forces analysis 2021 & 2026

               4.2 Bargaining power of buyers            

                              Exhibit 16: Bargaining power of buyers

               4.3 Bargaining power of suppliers        

                              Exhibit 17: Bargaining power of suppliers

               4.4 Threat of new entrants     

                              Exhibit 18: Threat of new entrants

               4.5 Threat of substitutes          

                              Exhibit 19: Threat of substitutes

               4.6 Threat of rivalry   

                              Exhibit 20: Threat of rivalry

               4.7 Market condition 

                              Exhibit 21:  Market condition - Five forces 2021

5. Market Segmentation by Application                       

               5.1 Market segments

                              The segments covered in this chapter are:

  • Foam
  • Elastomers
  • Coatings
  • Others

                              Exhibit 22:  Application - Market share 2021-2026 (%)

               5.2     Comparison by Application          

                              Exhibit 23:  Comparison by Application

               5.3     Foam - Market size and forecast 2021-2026         

                              Exhibit 24:  Foam - Market size and forecast 2021-2026 (thousand tons)

                              Exhibit 25:  Foam - Year-over-year growth 2021-2026 (%)

               5.4     Elastomers - Market size and forecast 2021-2026              

                              Exhibit 26:  Elastomers - Market size and forecast 2021-2026 (thousand tons)

                              Exhibit 27:  Elastomers - Year-over-year growth 2021-2026 (%)

               5.5     Coatings - Market size and forecast 2021-2026   

                              Exhibit 28:  Coatings - Market size and forecast 2021-2026 (thousand tons)

                              Exhibit 29:  Coatings - Year-over-year growth 2021-2026 (%)

               5.6     Others - Market size and forecast 2021-2026       

                              Exhibit 30:  Others - Market size and forecast 2021-2026 (thousand tons)

                              Exhibit 31:  Others - Year-over-year growth 2021-2026 (%)

               5.7     Market opportunity by Application          

                              Exhibit 32:  Market opportunity by Application

6. Customer landscape                        

               6.1     Overview            

                              Exhibit 33:  Customer landscape

7. Geographic Landscape                    

               7.1 Geographic segmentation

                              The regions covered in the report are:

  • APAC
  • North America
  • Europe
  • South America
  • MEA

                              Exhibit 34:  Market share by geography 2021-2026 (%)

               7.2 Geographic comparison    

                              Exhibit 35:  Geographic comparison

               7.3     APAC - Market size and forecast 2021-2026         

                              Exhibit 36:  APAC - Market size and forecast 2021-2026 (thousand tons)

                              Exhibit 37:  APAC - Year-over-year growth 2021-2026 (%)

               7.4     North America - Market size and forecast 2021-2026       

                              Exhibit 38:  North America - Market size and forecast 2021-2026 (thousand tons)

                              Exhibit 39:  North America - Year-over-year growth 2021-2026 (%)

               7.5     Europe - Market size and forecast 2021-2026      

                              Exhibit 40:  Europe - Market size and forecast 2021-2026 (thousand tons)

                              Exhibit 41:  Europe - Year-over-year growth 2021-2026 (%)

               7.6     South America - Market size and forecast 2021-2026       

                              Exhibit 42:  South America - Market size and forecast 2021-2026 (thousand tons)

                              Exhibit 43:  South America - Year-over-year growth 2021-2026 (%)

               7.7     MEA - Market size and forecast 2021-2026          

                              Exhibit 44:  MEA - Market size and forecast 2021-2026 (thousand tons)

                              Exhibit 45:  MEA - Year-over-year growth 2021-2026 (%)

               7.8 Key leading countries        

                              Exhibit 46:  Key leading countries

               7.9 Market opportunity by geography

                              Exhibit 47:  Market opportunity by geography (thousand tons)

8. Drivers, Challenges, and Trends                  

               8.1 Market drivers      

                              8.1.1    Strong demand from the automotive industry

                              8.1.2    Increased demand from the adhesive industry

                              8.1.3    Rise in construction activities

               8.2 Market challenges              

                              8.2.1    Growing awareness of the negative impact of polyurethane on the environment

                              8.2.2    Volatility of raw material cost

                              8.2.3    Fluctuating crude oil prices

                              Exhibit 48:  Impact of drivers and challenges

               8.3 Market trends      

                              8.3.1    Increasing demand for rigid polyurethane foam

                              8.3.2    Recycling of polyurethane products

                              8.3.3    Expansion of production capacities of polyurethane

9. Vendor Landscape                            

               9.1     Competitive scenario     

               9.2     Overview            

                              Exhibit 49:  Vendor landscape

               9.3     Landscape disruption     

                              Exhibit 50:  Landscape disruption

                              Exhibit 51:  Industry risks

10. Vendor Analysis               

               10.1 Vendors covered              

                              Exhibit 52:  Vendors covered

               10.2 Market positioning of vendors    

                              Exhibit 53:  Market positioning of vendors

               10.3   Albemarle Corp.              

                              Exhibit 54:  Albemarle Corp. - Overview

                              Exhibit 55:  Albemarle Corp. - Business segments

                              Exhibit 56:  Albemarle Corp. - Key news

                              Exhibit 57:  Albemarle Corp. - Key offerings

                              Exhibit 58:  Albemarle Corp. - Segment focus

               10.4   BASF SE

                              Exhibit 59:  BASF SE - Overview

                              Exhibit 60:  BASF SE - Business segments

                              Exhibit 61:  BASF SE- Key news

                              Exhibit 62:  BASF SE - Key offerings

                              Exhibit 63:  BASF SE - Segment focus

               10.5   Clariant International Ltd.           

                              Exhibit 64:  Clariant International Ltd. - Overview

                              Exhibit 65:  Clariant International Ltd. - Business segments

                              Exhibit 66:  Clariant International Ltd.- Key news

                              Exhibit 67:  Clariant International Ltd. - Key offerings

                              Exhibit 68:  Clariant International Ltd. - Segment focus

               10.6   Covestro AG      

                              Exhibit 69:  Covestro AG - Overview

                              Exhibit 70:  Covestro AG - Business segments

                              Exhibit 71:  Covestro AG- Key news

                              Exhibit 72:  Covestro AG - Key offerings

                              Exhibit 73:  Covestro AG - Segment focus

               10.7   Ele Corp.

                              Exhibit 74:  Ele Corp. - Overview

                              Exhibit 75:  Ele Corp. - Product and service

                              Exhibit 76:  Ele Corp. - Key offerings

               10.8   Evonik Industries AG      

                              Exhibit 77:  Evonik Industries AG - Overview

                              Exhibit 78:  Evonik Industries AG - Business segments

                              Exhibit 79:  Evonik Industries AG- Key news

                              Exhibit 80:  Evonik Industries AG - Key offerings

                              Exhibit 81:  Evonik Industries AG - Segment focus

               10.9   Huntsman Corp.              

                              Exhibit 82:  Huntsman Corp.  - Overview

                              Exhibit 83:  Huntsman Corp.  - Business segments

                              Exhibit 84:  Huntsman Corp. - Key news

                              Exhibit 85:  Huntsman Corp.  - Key offerings

                              Exhibit 86:  Huntsman Corp.  - Segment focus

               10.10 LANXESS AG     

                              Exhibit 87:  LANXESS AG  - Overview

                              Exhibit 88:  LANXESS AG  - Business segments

                              Exhibit 89:  LANXESS AG - Key news

                              Exhibit 90:  LANXESS AG  - Key offerings

                              Exhibit 91:  LANXESS AG  - Segment focus

               10.11  Momentive Performance Materials Inc.              

                              Exhibit 92:  Momentive Performance Materials Inc. - Overview

                              Exhibit 93:  Momentive Performance Materials Inc. - Product and service

                              Exhibit 94:  Momentive Performance Materials Inc.- Key news

                              Exhibit 95:  Momentive Performance Materials Inc. - Key offerings

               10.12 Tosoh Corp.      

                              Exhibit 96:  Tosoh Corp. - Overview

                              Exhibit 97:  Tosoh Corp. - Business segments

                              Exhibit 98:  Tosoh Corp.- Key news

                              Exhibit 99:  Tosoh Corp. - Key offerings

                              Exhibit 100:  Tosoh Corp. - Segment focus

11. Appendix                           

               11.1 Scope of the report         

                              11.1.1 ????Market definition

                              11.1.2 Objective

                              11.1.3 Notes and caveats

               11.2 Currency conversion rates for US$            

                              Exhibit 101:  Currency conversion rates for US$

               11.3 Research Methodology   

                              Exhibit 102:  Research Methodology

                              Exhibit 103:  Validation techniques employed for market sizing

                              Exhibit 104:  Information sources

               11.4 List of abbreviations        

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The polyurethane catalysts market growth will increase by $1708.89 thousand tons during 2021-2026.
The polyurethane catalysts market is expected to grow at a CAGR of 6.65% during 2021-2026.
Technavio has segmented the polyurethane catalysts market by application (Foam, Elastomers, Coatings, and Others) and geographic (APAC, North America, Europe, South America, and MEA).
Albemarle Corp., BASF SE, Clariant International Ltd., Covestro AG, Ele Corp., Evonik Industries AG, Huntsman Corp., LANXESS AG, Momentive Performance Materials Inc., Tosoh Corp. are a few of the key vendors in the polyurethane catalysts market.
APAC will register the highest growth rate of 50.68% among the other regions. Therefore, the polyurethane catalysts market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • India
  • Canada
  • Germany
  • Brazil
The key factors driving the polyurethane catalysts market growth are:
  • Strong demand from the automotive industry
The polyurethane catalysts market vendors should focus on grabbing business opportunities from the foam segment as it accounted for the largest market share in the base year.
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