Top 3 Emerging Trends Impacting the Global Polyurethane Additives Market From 2017-2021: Technavio

August 3, 2017

#Research--Technavio’s latest report on the global polyurethane additives market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

The global polyurethane additives market is expecting an increasing demand from various end-use industries such as building and construction, automobile and transportation, and bedding and furniture. The building and construction segment had the largest share of almost 37% of total market share in 2016. The rising demand for insulation panels from the construction industry due to its energy savings is expected to drive the demand for polyurethane additives. By application, the foam segment had the largest market share, due to high demand from the automobile and construction industry.

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The top three emerging trends driving the global polyurethane additives market according to Technavio chemicals and materials research analysts are:
- Growing demand for rigid appliances foam
- Increase in R&D activities
- Development of environment-friendly polyurethane additives
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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Growing demand for rigid appliances foam

“As the need for energy efficiency pushes the demand for advanced appliance foam, polyurethane additives help to create performance advantages. They provide improved insulation for appliance products and improve the application of foam through complex cabinet designs. They also help to reduce foam defects to achieve new standards for energy loss,” says Hitesh Bhatia, a lead analyst at Technavio for research on additives, adhesives, and sealants.

The increase in demand for insulation of refrigeration appliances, such as household and commercial refrigerators, made of silicone surfactants and amine catalysts polyurethane additives is expected to drive the global market.

Increase in R&D activities

“Major polyurethane additives players have increased their R&D expenditure to reduce the manufacturing cost and provide products with enhanced properties and usage. Growing R&D expenditure is a major trend being witnessed by the global polyurethane additives market in the recent years. Therefore, to maintain a competitive edge and a significant market share, the manufacturers have been heavily emphasizing on innovations and developments,” adds Hitesh.

The Dow Chemical Company has developed the RENUVA Renewable Resource Technology, which breaks down natural oil to provide better quality and consistency. This technology has giving birth to an improved generation of greener performance-based polyols. The other leading vendors in the market, such as BASF and Huntsman International, have also increased their investment in R&D with an aim to improve the efficiency and performance of rigid foams.

Development of environment-friendly polyurethane additives

There is a strong preference in the developed countries such as the UK, Canada, the US, and Germany to develop polyurethane additives that are environment-friendly. Energy-saving polyurethane additives are becoming popular in the developing regions such as India, Japan, and Indonesia.

Environment-friendly polyurethane additives help in reducing the release VOCs and toxic gases from industries, thereby providing better sustainability and maintaining the ecological balance of the atmosphere in the vicinity. This trend to opt for environment-friendly polyurethane additives is expected to boost the growth of the market.

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About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
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LONDON–(BUSINESS WIRE)–#Research–Technavio’s latest report on the global
polyurethane additives market provides an analysis of the
most important trends expected to impact the market outlook from
2017-2021. Technavio
defines an emerging trend as a factor that has the potential to
significantly impact the market and contribute to its growth or decline.

The global
polyurethane additives market is expecting an increasing demand from
various end-use industries such as building and construction, automobile
and transportation, and bedding and furniture. The building and
construction segment had the largest share of almost 37% of total market
share in 2016. The rising demand for insulation panels from the
construction industry due to its energy savings is expected to drive the
demand for polyurethane additives. By application, the foam segment had
the largest market share, due to high demand from the automobile and
construction industry.

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2
Technavio reports and get the third for free.

The top three emerging trends driving the global polyurethane additives
market according to Technavio chemicals
and materials research analysts are:

Growing demand for rigid appliances foam
Increase in R&D activities
Development of environment-friendly polyurethane additives

Looking for more information on this market? Request
a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

Growing demand for rigid appliances foam

“As the need for energy efficiency pushes the demand for advanced
appliance foam, polyurethane additives help to create performance
advantages. They provide improved insulation for appliance products and
improve the application of foam through complex cabinet designs. They
also help to reduce foam defects to achieve new standards for energy loss,”
says Hitesh Bhatia, a lead analyst at Technavio for research on additives,
adhesives, and sealants.

The increase in demand for insulation of refrigeration appliances, such
as household and commercial refrigerators, made of silicone surfactants
and amine catalysts polyurethane additives is expected to drive the
global market.

Increase in R&D activities

“Major polyurethane additives players have increased their R&D
expenditure to reduce the manufacturing cost and provide products with
enhanced properties and usage. Growing R&D expenditure is a major trend
being witnessed by the global polyurethane additives market in the
recent years. Therefore, to maintain a competitive edge and a
significant market share, the manufacturers have been heavily
emphasizing on innovations and developments,” adds Hitesh.

The Dow Chemical Company has developed the RENUVA Renewable Resource
Technology, which breaks down natural oil to provide better quality and
consistency. This technology has giving birth to an improved generation
of greener performance-based polyols. The other leading vendors in the
market, such as BASF and Huntsman International, have also increased
their investment in R&D with an aim to improve the efficiency and
performance of rigid foams.

Development of environment-friendly polyurethane additives

There is a strong preference in the developed countries such as the UK,
Canada, the US, and Germany to develop polyurethane additives that are
environment-friendly. Energy-saving polyurethane additives are becoming
popular in the developing regions such as India, Japan, and Indonesia.

Environment-friendly polyurethane additives help in reducing the release
VOCs and toxic gases from industries, thereby providing better
sustainability and maintaining the ecological balance of the atmosphere
in the vicinity. This trend to opt for environment-friendly polyurethane
additives is expected to boost the growth of the market.

Browse Related Reports:

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 630 333 9501
UK: +44 208 123 1770
www.technavio.com