Europe Polyurethane Additives Market: Industry Analysis and Forecast (2024-2030) Trends

Europe Polyurethane Additives Market Definition:

Polyurethane additives are chemicals that are added to polyurethane polymers to help them work more effectively. Polyurethanes are widely used in a wide variety of sectors. These materials can be utilised to create products that can be employed in the construction industry as isolating materials. It’s also suitable for several automotive applications.

 

Further, the Europe Polyurethane Additives market is segmented by Type, Application, End-use Industry. On the basis of Type, the Europe Polyurethane Additives market is segmented under Catalysts, Surfactants, Fillers, Flame Retardants and others. Based on the Application, the Europe Polyurethane Additives market is segmented under the Foams, Adhesives & sealants, Coatings, Elastomers and Others. Based on the End-use Industry, the Europe Polyurethane Additives market is segmented under Automotive & transportation, Building & construction, Bedding & furniture, Electronics and Others. By geography, the market covers the major countries in Europe i.e., Italy, Germany, United Kingdom, Russia, France and Rest of Europe. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).

 

 

To get more Insights: Request Free Sample Report

 

Europe Polyurethane Additives COVID 19 Insights: 

The COVID-19 epidemic has hurt the economy. By interrupting the supply chain, it has impacted various industrial sectors. Customers’ buying and consumption behaviour has changed significantly across multiple areas, including vehicles and buildings, following months of lockdown and the shutdown of foreign supply networks and retail enterprises. This has negatively affected the Europe Polyurethane Additives Market also.

 

The growth of the Europe Polyurethane Additives Market was restrained by supply chain disruptions, logistical constraints, labour shortages, decreased demand, limited component supply, and low organisational liquidity.

 

Europe Polyurethane Additives Market Dynamics:

Increased demand for polyurethane-based synthetic leather: In recent years, major efforts have been made to create alternative, more ecologically friendly methods for the production of polyurethane-based synthetic leather. In the production of synthetic leather, additive solutions provide compelling alternatives to DMF coagulation. This is driving the Europe Polyurethane Additives Market.

 

In November 2021, Evonik Industries' position in the polyurethane industry was bolstered when it opened a new state-of-the-art laboratory and research facility at its Essen Goldschmidt site in Germany. 

 

The new 400-square-meter lab will aid the company in developing high-performance specialty polyurethane additives and processing aids for a variety of polyurethane applications. The focus is on application areas with great development potential, such as sustainable artificial leather.

 

Unstable costs of raw materials needed for polyurethane production: As the majority of polyurethanes are produced from crude oil, its changing prices affect the production and supply of the polyurethane additives. It is an important restraint for the Europe Polyurethane Additives Market.

 

Europe Polyurethane Additives Market Segment Analysis:

By Type, the Flame retardants segment dominated the Europe Polyurethane Additives Market with 31% share in 2023. Flame retardants come in a variety of forms, including chlorinated, brominated, and phosphorous flame retardants, as well as certain inorganic flame retardants. These are used to make high-quality polyurethanes for a variety of applications, including electronics, automotive, and construction. As a result of the increased usage of flame retardants in polyurethane manufacture, the market for polyurethane additives is expected to grow in the forecast period.

 

 

By Application, the Foam segment dominated the Europe Polyurethane Additives Market with 36% share in 2023. The use of polyurethane additives in the manufacturing of polyurethane rigid foam contributes to refrigerators and construction materials’ greater insulating qualities. The increased usage of open-cell flexible polyurethane foam in upholstered furniture mattresses, automobile vehicle seats and interior trims, and carpet cushion has also aided the growth of this segment in the Europe Polyurethane Additives Market.

 

By End-use Industry, the Automotive & transportation segment dominated the Europe Polyurethane Additives Market with 34% share in 2023. The automobile sector is one of the most diverse applications of polyurethane materials. Almost every type of polyurethane product is used in the automobile industry. Headrests, seats, armrests, and other automotive interior components, such as trains and buses, all employ flexible polyurethane foams. Polyurethane coatings provide a car's exterior with a high shine, scratch and corrosion resistance, and longevity. The coatings are also used to increase the strength and fog resistance of windshields and windows.

 

Thermoplastic polyurethane materials are used to make many car components, notably external body pieces. In the automobile industry, the material is most commonly used for seating. One-component polyurethane sealants are used to connect windshields and rear windows in more than 90% of automobiles.

 

Europe Polyurethane Additives Market Key Players Insights:

The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

 

The market’s major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the market, key players in the market, particularly in this region, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

 

The objective of the report is to present a comprehensive analysis of the Europe Polyurethane Additives market to the stakeholders in the industry. The report provides trends that are most dominant in the Europe Polyurethane Additives market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Europe Polyurethane Additives Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Europe Polyurethane Additives market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Europe Polyurethane Additives market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Europe Polyurethane Additives market.

 

The report provides Porter’s Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Europe Polyurethane Additives market. The report also analyses if the Europe Polyurethane Additives market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Europe Polyurethane Additives market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Europe Polyurethane Additives market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Europe Polyurethane Additives market is aided by legal factors.

 

Europe Polyurethane Additives Market Scope:

Europe Polyurethane Additives Market
Market Size in 2023	USD 1.28 Bn.
Market Size in 2030	USD 1.95 Bn.
CAGR (2024-2030)	6.2%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Type Catalysts Surfactants Fillers Flame Retardants Others
	By Application Foams Adhesives & sealants Coatings Elastomers Others
Country Scope	UK  France Germany Italy  Spain  Sweden Austria and Rest of Europe

 

Europe Polyurethane Additives Market Key Players: 

• Evonik Industries (Germany)
• BASF (Germany)
• Covestro (Germany)
• Lanxess AG (Germany)
• Foampartner Germany GmbH. (Germany)