Press release
Waterborne Polyurethane Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Covestro AG, Koninklijke DSM NV, BASF SE, Allnex Belgium SA, Dow Inc., H.B. Fuller Company, Wanhua Chemical Group Co.
Waterborne Polyurethane Market Characteristics
The Business Research Company offers in-depth market insights through Waterborne Polyurethane Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The waterborne polyurethane market size has grown strongly in recent years. It will grow from $5.07 billion in 2023 to $5.41 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to government investments in research and development, environmental regulations, market demand shift, advancements in formulation, industry adoption..
The waterborne polyurethane market size is expected to see strong growth in the next few years. It will grow to $6.98 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to consumer preferences for eco-friendly products, collaboration with industries, customization, impact of covid-19 pandemic, supply chain restrictions, manpower & equipment shortage.. Major trends in the forecast period include brand reputation and consumer awareness, energy efficiency, market penetration strategies, global economic trends, focus on health & safety..
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Market Segmentation:
The waterborne polyurethane market covered in this report is segmented -
1) By Type: Polyurethane Emulsion, Polyurethane Dispersion, Polyurethane Aqueous Solution
2) By Application: Coating, Sealant, Adhesive, Elastomer
3) By End-use industry: Building and construction, Automotive and transportation, Bedding and furniture, Electronics, Other End Users
Major Driver - Waterborne Polyurethane Market Surges With Growing Demand In The Construction Industry
The growth of the construction industry is expected to propel the growth of the waterborne polyurethane market going forward. The construction sector is involved in building infrastructure such as houses, buildings, bridges, and so on. Waterborne polyurethane coatings are used for both floor and wall coatings in various newly constructed buildings as a protective layer for abrasion resistance, weathering resistance, and chemical resistance, thereby increasing the demand for the waterborne polyurethane market. For instance, according to data by The Construction Index, a UK-based publisher of construction sector information, construction output increased by 1.7% in volume terms in March 2022 in comparison with February data in the UK. The rise in repair and maintenance (3.0%) and new work (1.0%) activity drove the increase in monthly construction production in March 2022. Therefore, the growth of the construction industry is driving demand for the waterborne polyurethane market.
Competitive Landscape:
Major companies operating in the waterborne polyurethane market report are Covestro AG, Koninklijke DSM NV, BASF SE, Allnex Belgium SA, Dow Inc., H.B. Fuller Company, Wanhua Chemical Group Co. Ltd., SNP Inc., Kamsons Chemicals Pvt. Ltd., Axalta Coating Systems Ltd., The Sherwin-Williams Company, Perstorp AB, C.L Hauthaway & Son Corporation, Lamberti S.p.A., Sun Polymers International Inc., R. STAHL GmbH, Chemtura Corporation, Lanxess AG, Lubrizol Corporation, Bayer MaterialScience AG, PPG Industries Inc., Capital Resin Corporation, Walter Wurdack Inc., Palmer Holland Inc., SIWO US Inc., Brilliant Group Inc., Aditya Birla Chemicals Ltd., Hauthaway Corporation, Henkel AG & Co. KGaA, Huntsman Corporation, Nippon Polyurethane Industry Co. Ltd.
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Top Trend - Pioneering Product Developments Transforming The Waterborne Polyurethane Market Landscape
Product innovations have emerged as a key trend gaining popularity in the waterborne polyurethane market. Major companies operating in the waterborne polyurethane market are focused on innovating new technologies to sustain their position in the market. For instance, in June 2023, DIC Corporation, a Japan-based chemical company, released the HYDRAN GP series of environment-friendly waterborne polyurethane resins. The new resins have a higher solid content than conventional water-based polyurethane resins and contain no amines, helping customers to shorten process times and lessen odors, as well as to reduce greenhouse gas emissions and volatile organic compounds (VOCs).
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Waterborne Polyurethane Market Characteristics
3. Waterborne Polyurethane Market Trends And Strategies
4. Waterborne Polyurethane Market - Macro Economic Scenario
5. Waterborne Polyurethane Market Size And Growth
…..
27. Waterborne Polyurethane Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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