Pune, India -- (SBWIRE) -- 03/20/2018 -- Asia Pacific, Europe, North America, and Middle East & Africa are the major regions in the Global Polyurethane Additive Market. Asia Pacific region dominated the market with about 47% share of the global market, in 2016. China alone accounted for around 35% of the regional market share. Followed by China, India, and Indonesia along with Japan hold the major share of the regional Polyurethane Additive Market. The demand for Polyurethane Additive is increasing with the increasing demand for rigid foams, especially, from building & construction and automotive industry. Growing construction activities undertaken by the governments as well as private players in the region is further driving the demand for Polyurethane Additive. An ambitious project of Chinese government called One Belt One Road (OBOR), which involve infrastructure development along the Asian and European countries is expected to boost the demand for rigid foams. Moreover, the Indian government is taking up various social as well as physical infrastructure projects. All these trends in developing economies in this region would collectively drive the growth of the regional market. Apart from building & construction, the automotive & transportation industry holds a significant market share in this region. The demand for flexible foams using Polyurethane Additive in an application like furniture and bedding industry is anticipated to grow hand in hand during the forecast period. Moreover, countries like India, Indonesia, and Bangladesh are emphasizing the revival of their footwear industry in order to generate more jobs for unskilled labor and tap the market left vacant by China.

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Europe ranked second in terms of market size in the Global Polyurethane Additive Market. There is a huge demand for Polyurethane Additive for the manufacturing of both rigid and flexible foams to be used in automotive industry in this region. The presence of key manufacturers such Evonik Industries AG. (Germany), Covestro AG (Germany), BASF SE (Germany) along with high consumption by the renowned automotive companies in this region can help to grow further in the regional market. Also, the demand for rigid foams for household insulation blended with regulatory policies by the government in this region for energy use efficiency can drive the regional market ahead. On the other hand, North America acquired a smaller share of the Global Polyurethane Additive Market. Thus, rising demand for Polyurethane Additive from the automotive interior, insulation, and furniture making is expected to push the market growth over the forecast period. Increasing use of Polyurethane Additive for the production of rigid foams for energy efficient 'green' buildings is rising at a faster pace in this developed region. The U.S. and Canada are the major contributors to this region.

Segmentation

The Global Polyurethane Additive Market is segmented on the basis of type, application, end use industry, and region.

Based on the Type, the market is divided into antioxidants, catalysts, emulsifier, stabilizers, fillers, flame retardants, and others.

On the basis, the Application, the Global Polyurethane Additive Market is categorized into flexible foam, rigid foam, coating, adhesives & sealants, and others.

Furthermore, on the basis of the End Use Industry, the market is classified into building & construction, automotive, furniture making, packaging, footwear, and others.

Geographically, the Global Polyurethane Additive Market is divided into five key regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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