The Waterborne Polyurethane Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Waterborne Polyurethane Global Market Report 2024, 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.
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.
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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 User
Top Major Players:
- Covestro AG
- Koninklijke DSM NV
- BASF SE
- Allnex Belgium SA
- Dow Inc.
Asia-Pacific was the largest region in the waterborne polyurethane market share in 2023.
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 waterborne polyurethane market report table of contents includes:
1. Executive Summary
2. waterborne polyurethane market Characteristics
3. waterborne polyurethane market Trends And Strategies
4. waterborne polyurethane market – Macro Economic Scenario
5. Globalwaterborne polyurethane market Size and Growth
……
26. waterborne polyurethane marketCompetitive Benchmarking
27. waterborne polyurethane market Competitive Dashboard
28. Key Mergers And Acquisitions In The waterborne polyurethane market
29. waterborne polyurethane market Future Outlook and Potential Analysis
30. Appendix
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