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Polyurethane Catalysts Market Registers 6.65% CAGR | 17,000+ Technavio Reports

NEW YORK , The polyurethane catalysts market size is expected to increase by 1708.89 th tons from 2021 to 2026, registering a CAGR of 6.65%, according to the latest market analysis report from Technavio.

Technavio categorizes the global polyurethane catalysts market as a part of the global specialty chemicals market. This statistical study of the polyurethane catalysts market encompasses successful business strategies deployed by the key vendors. The value chain of the global specialty chemicals market includes the following core components:

Inputs Inbound logistics Operations Outbound logistics Marketing and sales Support activities Innovation

Polyurethane Catalysts Market Dynamics

The strong demand from the automotive industry is one of the key factors expected to influence the market positively. Increasing disposable incomes, especially in emerging nations, are expected to create several new demands in the automotive sector and increase the number of first-time buyers. Increasing demand for rigid polyurethane foam is one of the key polyurethane catalysts market trends that is expected to impact the industry positively in the forecast period. Rigid polyurethane foam insulates boats from noise and temperature extremes, boosts load-bearing capability, and adds minimum weight. Such factors are expected to further support the market growth in the coming years. The growing awareness of the negative impact of polyurethane on the environment. Polyurethane waste comprises several harmful substances such as isocyanates, hydrocyanic acid, and dioxins. In addition, polyurethane materials disposed of in landfills disintegrate into toxic, environmentally harmful compounds.

Polyurethane Catalysts Market Segment Highlights
The polyurethane catalysts market is segmented by Application (Foam, Elastomers, Coatings, and Others) and Geography (APAC, North America, Europe, South America, and MEA).
The foam application segment held the largest polyurethane catalysts market share in 2021. The segment will continue to retain its market dominance in the market throughout the forecast period due to its wide application as padding in a wide range of consumer and commercial items, including beds, furniture, vehicle interiors, carpet underlay, and packaging. 51% of the market’s growth will originate from APAC. China and India are the key markets for polyurethane catalysts in APAC. Market growth in this region will be faster than the growth of the market in other regions. The presence of leading automotive manufacturers in countries such as China, India, Japan, and South Korea will augment the demand for polyurethane catalysts to manufacture various automotive components will be influential in driving the market growth.
Polyurethane Catalysts Market Scope
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The polyurethane catalysts market covers the following areas:
Polyurethane Catalysts Market Sizing
Polyurethane Catalysts Market Forecast
Polyurethane Catalysts Market Analysis
Companies Mentioned
Albemarle Corp. BASF SE Clariant International Ltd. Covestro AG Ele Corp. Evonik Industries AG Huntsman Corp. LANXESS AG Momentive Performance Materials Inc. Tosoh Corp.
About Us
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 17,000 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.

This article was shared with Prittle Prattle News as a Press Release by PRNewswire.

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