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Uneven Enforcement of Regulations is a major challenge for Waterborne Polyurethane Market 2019
Posted: Apr 05, 2019
According to a new market research report "Waterborne Polyurethane Market by Application (Coating, Sealant, Adhesive, and Elastomer), by Region (Europe, Asia-Pacific, North America, and RoW) - Trends & Forecast to 2019" the waterborne polyurethane (WPU) market is projected to grow from more than $6.5 Billion in 2014 to approximately $10.0 Billion by 2019, at a CAGR of 9.0% between 2014 and 2019. It also explains the driving and restraining factors of the global WPU market with an analysis of trends, opportunities, and challenges.
Browse 64 market data tables and 53 figures spread through 124 pages and in-depth TOC.
Get sample of report @ https://bit.ly/2JYHIj7
The major drivers contributing to the growth of WPU market are:
- Replacement of solvent based polyurethane
- Growth in end-use industries
- Quality matrix
On the basis of application: The waterborne polyurethane market is further segmented into sub categories as follows:
- Coating
- Sealant
- Adhesive, and
- Elastomer
WPU is growing to play an important role in various end-use industries, especially in the building & construction industry. In many end-use industries, there is a growing demand for products with low VOC and HAPs content.
The solvent-based polyurethane products emit high level of VOC and HAPs into the atmosphere, leading to increased health and environmental issues. But the products based on WPU release low or even no such particulates into the atmosphere. Hence, WPU has been extensively used to replace solvent-based products in many applications. The replacement of solvent-based polyurethane with WPU is a major driver of the waterborne polyurethane market.
The WPU market is segmented into four major application segments; they are coating, sealant, adhesive, and elastomer. The demand for WPU in sealant application is expected to be the fastest among all the applications; Europe is estimated to be the largest region for sealant application segment in 2014.
Leading companies such as Bayer Material Science LLC (Germany), Axalta Coating Systems (U.S.), BASF S.E. (Germany), the 3M Company (U.S.) and PPG Industries Inc. (U.S.) are focusing on the development of new WPU products through research and innovation, to expand their customer base and application areas.
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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth emerging opportunities/threats which will impact 70% to 80% of worldwide companies' revenues.