Waterborne polyurethanes Market Dynamics,Trends, and Analysis 2020 to 2025
The Waterborne Polyurethanes Market is projected to grow from USD 1.7 billion in 2020 to USD 2.1 billion by 2025, at a CAGR of 5.2%. The demand for environment friendly polyurethanes is increasing with the growing awareness about the harmful effects of hazardous chemical emissions.
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The demand for waterborne polyurethanes in emerging economies, such as APAC and South America, is increasing owing to the growing construction industry. The volatility in raw material prices is hindering the waterborne polyurethanes market. The demand for waterborne polyurethanes is increasing, owing to the growing demand for innovative and environment friendly products. This increase in awareness around harmful effects of solvent based polyurethanes is provides growth opportunities to the market. On the other hand, sub-optimal performance of waterborne polyurethane is the major challenge for the market.
Browse 72 market data tables and 40 figures spread through 140 pages and in-depth TOC on "Waterborne Polyurethane Market, By Application (Coatings, Adhesives, Sealants, Elastomers, And Others), End-Use Industry (Building & Construction, Automotive & Transportation, Bedding & Furniture, Electronics, And Others), Region - Global Forecast To 2025"
Recent Developments
- In January 2020, BASF had increased the production capacity of water-based polyurethane dispersions by 30% in Europe This strategy will help the company to serve its customers better and meet the rising demand for water-based polyurethane dispersions.
- In June 2019, DSM had partnered with TLF (Germany), a globally operating company supplying specialty chemicals to leather and related industries. This partnership includes supply as well as R&D of cutting edge, sustainable waterborne polyurethane dispersions system. By partnering at different points in the value chain, DSM and TFL are able to further unlock the value of sustainable leather finishes and strengthen their respective market positions.
- In July 2018, Covestro had developed polyurethane dispersions named Impraperm DL 5249 and Impraperm DL 5310. These are used as textile coatings and enables effective waterproofing and breathability of coatings using the waterborne technology. This strategy has helped the company to provide eco-friendly textile production for its customers without the use of solvents.
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The key players profiled in this report include Covestro (Germany), DSM (Netherlands), BASF (Germany), R STAHL (Germany), Chemtura (the US), Dow Inc., (the US), H.B. Fuller (the US), Wanhua Chemical (China), SNP Inc., (the US), and KAMSONS Chemical Pvt. Ltd., (India). These companies have adopted various organic as well as inorganic growth strategies between 2015 and 2020 to enhance their regional presence and meet the growing demand for waterborne polyurethanes from emerging economies.
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