North America Polyurethane Additives Market: Industry Analysis and Forecast (2024-2030)

North America Polyurethane Additives Market Definition:

Polyurethane additives influence polyurethane foam performance and offer benefits in final foam performance. Numerous silicone stabilisers and tertiary amine catalysts, as well as organic-based foam property modifiers, are among them. Polyurethane additives are widely used in an array of sectors.

 

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

 

 

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North America Polyurethane Additives COVID 19 Insights:

The COVID-19 pandemic and consequent production halt harmed a wide range of end-use companies, including, building and construction, automotive and transportation bedding and electronics, furniture, and others.

 

As a result, the North America polyurethane additives market was affected. Supply chain disruptions, logistical problems, labour shortages, decreased demand, restricted ingredient supply, and weak organisational liquidity restricted the growth of the North America polyurethane additives market.

 

North America Polyurethane Additives Market Dynamics:

High requirement for polyurethane-based synthetic leather: In recent years, major efforts have been made to produce more ecologically friendly polyurethane-based artificial leather technology. In the production of synthetic leather, additive solutions provide attractive alternatives to DMF coagulation.

The additive solutions are gaining market presence over the more traditional DMF coagulation approach because of their lower environmental effect. This is driving the North America Polyurethane Additives Market.

 

Demand from the Automobile sector has Increased: One of the most prominent examples of polyurethane materials' numerous applications is the automobile sector. Almost every type of polyurethane product is used in the automotive end-user market. In the automobile sector, the most common use of polyurethane is for seating. Many car seat manufacturers require bio-based polyurethanes in their products. One-component polyurethane sealants are used to bind windshields and rear windows on cars. This increased use of polyurethane increases the use of polyurethane additives also and drives the North America Polyurethane Additives Market.

 

Price fluctuations in raw materials: Crude oil provides the majority of the raw materials needed to create polyurethane.

Between December 2019 and June 2020, the global oil inventory fell marginally due to lower production and higher demand. Global oil inventories have risen to 8.4 million barrels per day, causing crude oil prices to fall.  As raw material costs for polyurethane additives fluctuate due to the volatility of crude oil prices, it restrains the growth of the North America Polyurethane Additives Market.

 

The increasing popularity of eco-friendly polyurethane additives: Some polyurethane additives are hazardous, and their usage is prohibited because of their negative impact on the mechanical properties of the polymer. As a result, choosing environmentally sustainable and human-safe solutions has become important.

 

Some alternative polyurethane additives are gaining scientific attention. These are natural, renewable compounds that can increase the flame resistance of other polymers. There will always be room for advancement as related technology advances. Hence, the North America Polyurethane Additives Market will benefit from the rising demand for eco-friendly polyurethane additives.

 

North America Polyurethane Additives Market Segment Analysis:

By Type, the Flame retardants segment dominated the North America Polyurethane Additives Market with 32% share in 2023.

Chlorinated flame retardants, brominated flame retardants, phosphorous flame retardants, and some inorganic flame retardants are all examples of flame retardants. Flame retardants, which can assist prevent or limiting the spread of flames, are applied to several materials and supplies ranging from electrical devices to furniture. These are employed more than the other categories because of their capacity to prevent fire from spreading to the core material. As a result, in 2023, this flame retardant category dominated the North America Polyurethane Additives Market.

By End-use Industry, the Automotive & transportation segment dominated the North America Polyurethane Additives Market with 35% share in 2023.

Polyurethanes are used in a wide range of automotive parts. Polyurethanes are utilised in bumpers, interior ceiling sections, the car body, doors, and windows, in addition to the foam that makes automotive seats comfortable. By reducing weight and improving fuel efficiency, comfort, corrosion resistance, insulation, and sound absorption, polyurethane allows automakers to provide substantially more economical to drivers and passengers.

 

North America 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 North America Polyurethane Additives market to the stakeholders in the industry. The report provides trends that are most dominant in the North America 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 North America 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 North America 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 North America 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 North America 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 North America Polyurethane Additives market. The report also analyses if the North America 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 North America Polyurethane Additives market. Economic variables aid in the analysis of economic performance drivers that have an impact on the North America Polyurethane Additives market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the North America Polyurethane Additives market is aided by legal factors.

 

North America Polyurethane Additives Market Scope:

North America Polyurethane Additives Market
Market Size in 2023	USD 1.09 Bn.
Market Size in 2030	USD 1.69 Bn.
CAGR (2024-2030)	6.4%
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
	By End-use Industry Automotive & transportation Building & construction Bedding & furniture Electronics Others
Country Scope	United States Canada Mexico

 

North America Polyurethane Additives Market Key Players: 

• Huntsman Corporation (US)
• The Dow Inc. (US)
• Albemarle Corporation (US)
• Momentive (US)
• BYK (US)
• Air Products and Chemicals, Inc. (US)