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Polyurethane Catalyst Market Financial Overview 2018, Research Key Players, Growth Factors, Evolving Technology, Trends and Industry Analysis and Forecast to 2023

 

Pune, India -- (SBWIRE) -- 10/23/2018 -- Regional Analysis:

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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Segmentation:

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 Players:

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).

Intended Audience:

Polyurethane Catalysts Manufacturers
Traders and distributors of polyurethane catalysts
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratory

Industry/ Innovation/ Related News:

November 2017- Covestro expanded the global production capacity for aqueous polyurethane dispersions (PUDs) to satisfy rising demand from the coatings and adhesives industry and to meet the growing regulations against the emissions of volatile organic compounds (VOC). It has started a new facility in Dormagen and Barcelona, significantly increases the plant capacity in Europe, building a new facility in China, as well as planning to resume production in the United States and at the same time modernizing and expanding facilities there.

March 2018-Huntsman Corporation made an acquisition with Demilec, one of North America's leading manufacturers and distributors of spray polyurethane foam (SPF) insulation systems for residential and commercial applications, from an affiliate of Sun Capital Partners, Inc. According to company experts, Demilec has pioneered MDI SPF insulation and coating technologies for over 30 years and has delivered strong double-digit growth. Furthermore, the acquisition enables the Huntsman Corporation to move downstream. The acquisition is estimated to cost Huntsman 350 million USD and the transaction is anticipated to close by the end of second quarter of FY-2018.

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