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.
Browse 149
market data tables and 40 figures spread through 176 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"
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On the basis of application, coatings segment is
estimated to lead the overall waterborne polyurethanes market in 2020.
Waterborne polyurethanes are a rapidly growing segment
of polyurethane coating industry owing to environmental regulations such as the
Clean Air Act and technological advances that made them an effective substitute
for the solvent-based coatings. Their versatility and wide range of properties
such as abrasion resistance, impact strength, and low temperature flexibility
are the driving force to their continuously expanding usage in many
applications. Waterborne polyurethane coatings improve appearance and lifespan
of products.
On the basis of end-use industry, building &
construction segment is estimated to lead the waterborne
polyurethanes market in 2020.
Waterborne polyurethanes have been at the epicenter
of coating industry, providing greener solutions to modern coating problems.
This chemical is polyurethane dispersed in water. This reduces the dependence
on solvent-based polyurethanes, providing a better and environment-friendly
replacement for existing systems. Advantages like temperature curing and good
adhesion further reinforce the case for waterborne polyurethanes. It is
frequently used in building and construction applications. Affordability of
these versatile materials and the comfort they provide have made polyurethane
components part of building & construction globally.
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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).
Covestro (Germany) is among the key players in the
waterborne polyurethane market. The company adopted the strategies of new
product launch to strengthen its competitiveness in the global waterborne
polyurethane market. For instance, in July 2018, Covestro had newly 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 had
helped the company to provide eco-friendly textile production for its customers
without the use of solvents.
DSM (Netherlands) is one of the leading manufacturers of waterborne
polyurethanes. The company adopted partnership as one of its key business
strategies. For instance, in June 2019, the Company 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 TLF are
able to further unlock the value of sustainable leather finishes and strengthen
their respective market positions.
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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