Polyurethane Catalyst Market Insight: CAGR is Projected to 5.5%

Polyurethane Catalyst Market Summary Polyurethane catalyst is an additive that accelerates the polyurethane reaction. Catalysts used for polyurethane manufacture fall into two categories: amines or organometallic catalysts including organotin, bismuth and zinc.

According to the new market research report “Global Polyurethane Catalyst Market Report 2023-2029”, published by QYResearch, the global Polyurethane Catalyst market size is projected to reach USD 2400 million by 2029, at a CAGR of 5.5% during the forecast period.

Figure. .Global Polyurethane Catalyst Market Size (US$ Million), 2022 VS 2029

Snapshot from QYResearch Report: Global Polyurethane Catalyst Market Report 2023.

Figure. Global Polyurethane Catalyst Market Size (US$ Million), 2018-2029

Snapshot from QYResearch Report: Global Polyurethane Catalyst Market Report 2023.

The market is driven by growing demand of Green and Low Carbon producing. Green and Low Carbon producing require higher efficiency, lower carbon emission in polyurethane producing which promote the catalyst development.

In 2020, the world is experiencing the COVID-19 epidemic, which has caused a lot of losses to the economies of many places around the world, and the market size of various industries has been affected to a certain extent. Polyurethane Catalyst market size is declined 11% in 2020.

The global top 10 manufacturers include Huntsman, Umicore, Kao Corporation, BASF, Momentive, Covestro, Zhejiang Wansheng Co., Ltd., Eastman, The Dow Chemical, Tosoh. In 2022, the global top 10 players had a share approximately 59.0% in terms of revenue.

Figure. Polyurethane Catalyst, Global Top 10 Players’ Ranking and Market Share in 2022

Snapshot from QYResearch Report: Global Polyurethane Catalyst Market Report 2023.

Based on the products, polyurethane catalyst is divided into Tertiary amine catalyst, organic metal catalysts, others. Among them, tertiary amine catalyst occupies the largest market share. It is with a share of 64.2% in 2022.

Figure. Polyurethane Catalyst, Global Market Size, Split by Type Segment 2018-2029

Snapshot from QYResearch Report: Global Polyurethane Catalyst Market Report 2023.

Polyurethane Catalyst is widely used in foam rubber, coating and glue adhesives, elastomer, others.

Among them, foam rubber application holds the largest market with a revenue share of 59.7% in 2022.

Coating and Glue Adhesives has the second larger market with a revenue share of 21.9% in 2022.

Figure. Polyurethane Catalyst, Global Market Size, Split by Application Segment 2018-2029

Snapshot from QYResearch Report: Global Polyurethane Catalyst Market Report 2023.

For producing region, the report focuses on North America, Europe, China, Japan, Southeast Asia and India. China is the larger producing region with a revenue share over 65% in 2022.

Figure. Polyurethane Catalyst, Global Market Size, Split by Region 2018 VS 2022 VS 2029

Snapshot from QYResearch Report: Global Polyurethane Catalyst Market Report 2023.

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