Polyurethane Catalysts Market Size, Share, Growth Analysis, By Type(Catalysts, Surfactants, Fillers, Flame Retardants), By Application(Foam, Adhesive, Sealant, Coating), By Region - Industry Forecast 2024-2031

Polyurethane Catalysts Market size was valued at USD 69.98 billion in 2019 and is poised to grow from USD 75.19 billion in 2023 to USD 105.29 billion by 2031, growing at a CAGR of 4.4% in the forecast period (2024-2031).

As more lightweight, robust, and multifunctional goods hit the market, demand for polyurethane catalysts is expected to rise. Furthermore, the forecast period is expected to bring new opportunities for the growth of the polyurethane catalyst market, owing to the increasing use of various types of polyurethane additives, such as catalysts, surfactants, fillers, and flame retardants, which contribute to the outstanding performance of foams and offer advantages in final foam performance.

As a result of technological advancements and the introduction of environmentally friendly products, more opportunities for overall industry growth are being created. Among the majority of end-user industries, the footwear industry heavily relies on polyurethane catalysts, and shoe manufacturing is expanding globally.

Construction activities are boosting demand for rigid foams, which is expected to allow the polyurethane catalyst market to expand significantly. The use of polyurethane catalyst for the development of rigid foam is expected to increase with the increased use of polyurethane in construction projects over the forecast period, driving market growth.

US Polyurethane Catalysts Market is poised to grow at a sustainable CAGR for the next forecast year.