Polyurethane is a polymer composed of organic units joined by urethane link. Polyurethanes are made from the exothermic reactions between alcohols with two or more reactive hydroxyl groups per molecule and isocyanate that have more than one reactive isocyanate per molecule. The Polyurethane Catalysts helps to accelerate the formation of polyurethane. Along with that it also modifies the reaction conditions and final product. The catalysts play key role in polyurethane foam manufacturing. Polyurethane foam manufacturing require controlled environment, which is provided by Polyurethane Catalyst. New reduced-emission, high-efficiency catalysts help manufacturers create eco-friendly foams. Broadly polyurethane catalysts can be classified as amine and metallic catalysts. They find their applications in formation of various polyurethane products such as rigid foam, flexible foam, elastomer, coating and others. Wherein, demand for Polyurethane Catalyst for manufacturing rigid foam is expected to grow with increasing Polyurethane use in construction activities during the forecast period.
Key players in Global Polyurethane Catalysts Market are Covestro AG (Germany), BASF SE (Germany), The Dow Chemical Company (U.S.), Huntsman International LLC (U.S.), Kao Corporation (Japan), Tosoh Corporation (Japan), Polychemie Asia Pacific Permai (Indonesia), Suzhou Xiangyuan Special Fine Chemical Co., Ltd (China), Evonik Industries AG (Germany), Gulbrasnson Chemical Pvt. Ltd. (India).
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As Polyurethane Catalyst is one of the key components of polyurethane, trends in production and supply is significant for Polyurethane Market. The global factors influencing the market of Polyurethane are bound to affect Polyurethane Catalyst equally. As polyurethane products are used in almost all industries demand for Polyurethane Catalyst is already high. In past few years global market for Polyurethane is growing at higher pace due to its greater adaptability. This growth, in turn, would be followed by Polyurethane Catalyst. The construction activity around the world is driving the demand for rigid foams which is expected to significantly help Polyurethane Catalyst Market to grow further. Growing demand for flexible foam from automotive, and electronic applications would be the key driver for Polyurethane Catalyst Market. Still there are some concerns which needed to be addressed. The strong competition from Polystyrene and fiberglass industries to Polyurethane is a major concern for demand of Polyurethane Catalyst. Volatility in the prices of raw materials of polyurethane catalysts is also one of the restraints. Increasing developments of ecofriendly innovative products by companies, also potential health hazards of polyurethane catalyst can hamper its market growth. Nevertheless, the cost-effectiveness of the Polyurethane would keep the demand for Polyurethane Catalyst up and help boost the market during the forecast period.
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America are the major regions in Polyurethane Catalysts Market. Among them, Asia Pacific is anticipated to dominate the global Polyurethane Catalysts Market with 45% of market share as of 2016. The increasing demand of polyurethane Catalyst in the region is driven by growing construction activities undertaken by both government and private players. The developing countries such as China, India, and Japan are investing heavily in construction activities to fuel the demand for rigid foams. Apart from that increasing demand from automotive and transportation sector in these region is projected to further propel the Polyurethane Catalyst Market. Europe tends to occupy significant share in Global Polyurethane Catalyst Market. Moreover, demand for household insulation to increase energy efficiency mingled with regulatory norms can drive the regional market. In terms of market size North America occupies comparatively smaller pie of share in the Global Polyurethane Catalysts Market. But there is surge in demand for automotive interior, insulation, and furniture with rise in standard of living. Middle East & Africa is a rapidly growing market demand. The regional market for Polyurethane Catalysts has been driven by its demand for household insulation with growing infrastructure activities. Lastly, the lifestyle of people in Latin American countries namely Brazil, and Argentina is changing. Thus, demand of polyurethane catalysts for manufacturing foams to be used in construction and automotive is projected to drive the growth of regional market.
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The Global Polyurethane Catalysts Market has been segmented on the basis of product type, applications, and region. Based on product type global market is segmented into dibutyltin dilaurate, triethylenediamine (TEDA), 1,4-diazabicyclo[2.2.2]octane(DABCO), dimethylthanolamine (DMEA), bismuth compound, zinc compound, and others. Among them demand for DABCO, TEDA, bismuth and zinc compound estimated to drive the Global Polyurethane Catalyst Market. On the basis of applications global polyurethane market is segmented into rigid foam, flexible foam, molded foam, elastomers, adhesives, coatings, and others. Among them demand of polyurethane catalysts in rigid foams for construction and insulation is projected push further the market growth. Geographically, the market has been divided into Asia Pacific, Europe, North America, Middle East & Africa, and Latin America.
Key Points from Table of Contents:
11. Company Profiles
11.1 Covestro AG
11.1.1 Company Overview
11.1.2 Product/Business Segment Overview
11.1.3 Financial Updates
11.1.4 Key Developments
11.2 BASF SE
11.2.1 Company Overview
11.2.2 Product/Business Segment Overview
11.2.3 Financial Updates
11.2.4 Key Developments
11.3 The Dow Chemical Company
11.3.1 Company Overview
11.3.2 Product/Business Segment Overview
11.3.3 Financial Updates
11.3.4 Key Developments
11.4 Huntsman International LLC
11.4.1 Company Overview
11.4.2 Product/Business Segment Overview
11.4.3 Financial Updates
11.4.4 Key Developments
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