Waterborne Polyurethanes Market, By Type (Anionic PUDs, Cationic PUDs, Non-Ionic PUDs, Component Polyurethane, Two-component Polyurethane, and Urethane-modified), By Application (Coatings, Adhesives, Sealants, Elastomers, and Others), By End-Use Industry (Building & Construction, Automotive & Transportation, Bedding & Furniture, Electronics, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2029

Report Code: PMI462921 | Publish Date: December 2023 | No. of Pages: 182

Global Waterborne Polyurethanes Market Overview

Waterborne polyurethanes are often formulated into coatings and adhesives, containing little or no co-solvent, that form films at ambient temperature. They exhibit excellent adhesion to several surfaces including glass and polymeric fibers. These environment-friendly polymers are non-toxic, non-flammable, and that they don't pollute the air or produce wastewater. Generally, the polyurethanes are hydrophobic in nature and insoluble in water. Waterborne polyurethane coatings are most ordinarily used for wood floorings and panels, leather surfaces, plastics, vinyl coatings, film coatings, and textile coatings. Other applications within the global waterborne polyurethane market are derived from graphic arts, including inks, paper coatings, and overprint varnishes. Additionally, the utilization of waterborne polyurethane has also been favored within the coating of soccer balls, ropes and threads, gloves, glass fibers, and also as fabric binders.

The global waterborne polyurethanes market accounted for US$ XX billion in 2020 and is estimated to be US$ XX billion by 2029 and is anticipated to register a CAGR of XX.

 

Impact of Covid-19 pandemic on market

With the outbreak of the COVID-19, various businesses are at the forefront to combat this pandemic. Residential and commercial construction has come to a grinding halt due to the pandemic. Waterborne polyurethanes demand from this sector is predicted to be low to the medium during this crisis period. Some major issues would be a delay so as shipments, supply chain restriction, manpower & equipment shortage, and material shortage. Post conclusion of this crisis, the market is predicted to revive, and demand is probably going to extend for the waterborne polyurethanes market.

Global Waterborne Polyurethanes Market Dynamics

Increasing adoption of waterborne coatings

Increasing adoption of waterborne coatings over solvent-borne coatings. Waterborne coatings are eco-friendly that use water as a solvent and can be applied easily, and are applicable in appliances, automotive, architectural, marine, packaging, wood, general industrial, and others.

Factors likely to boost the demand for waterborne coatings include stringent environmental regulations along with increasing adoption for low VOC, eco-friendly, and non-hazardous coatings from the end-user industry.

Increasing awareness about the harmful effects of chemical emissions from solvents

Various industries like building & construction, automotive & transportation, bedding & furniture, and electronics use waterborne polyurethanes within the sort of coatings, adhesives, sealants, and elastomers. The demand for waterborne polyurethanes is growing in these industries due to the increasing awareness of the harmful effects of chemical emissions from solvent-based polyurethanes. Solvent-based polyurethanes emit VOCs and HAPs into the environment. These VOCs and HAPs harm humans and their environments. These emissions can affect the respiratory system and be dangerous for asthma sufferers, children, and therefore the elderly. Breathing VOCs can irritate the eyes, nose and throat, can cause difficulty breathing and nausea, and may damage the central nervous system also as other organs. Some VOCs also can cause cancer. The increasing awareness about the negative effects of those emissions has driven a requirement for products that are non-toxic and environment-friendly like waterborne polyurethanes. However, the fluctuations in crude oil as well as raw material prices might be hamper the targeted market.

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Global Waterborne Polyurethanes Market Segmentation

The global waterborne polyurethanes market is segmented based on type, application, end-use industry, and region.

On the basis of type, the global waterborne polyurethanes market is segmented into anionic puds, cationic puds, non-ionic puds, component polyurethane, two-component polyurethane, and urethane-modified. Based on appliaction, the target market is segmented into coatings, adhesives, sealants, elastomers, and others. On the basis of end-use industry, the target market is segmented into building & construction, automotive & transportation, bedding & furniture, electronics, and others.

Regional Insights:

On region the global waterborne polyurethanes market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific has thus far been an exceptionally promising region for the inclusion of players from the worldwide waterborne polyurethane market. China, India, Malaysia, and Indonesia are leaning heavily towards the incorporation of waterborne polyurethane into more commercial aspects, thereby providing an optimistic scope of growth for both global and regional players present within the Asia Pacific. This region is currently one among the epicenters for industrial expansion and infrastructure development, and is, therefore, a major location for the manifold adoption rate of waterborne polyurethane.

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Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2029

Market representation

Revenue in USD Million & CAGR from 2020 – 2029

Market Segmentation

By Type- Anionic PUDs, Cationic PUDs, Non-Ionic PUDs, Component Polyurethane, Two-component Polyurethane, and Urethane-modified

By Application– Coatings, Adhesives, Sealants, Elastomers, and Others

By End-Use Industry– Building & Construction, Automotive & Transportation, Bedding & Furniture, Electronics, and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global waterborne polyurethanes market report based on product type, application, end-use industry, and region.

Global Waterborne Polyurethanes Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Waterborne Polyurethanes Market Key Players

The key players operating in the global waterborne polyurethanes market includes Covestro, DSM, R STAHL, BASF, H.B. Fuller, Dow Inc., Wanhua Chemical, SNP Inc., KAMSONS Chemical Pvt. Ltd., Berger Paints, Axalta Coating Systems, PPG Industries, and Akzo Nobel N.V. For instance, In JAN 2020, BASF invests in the expansion of polyurethane dispersion business in Europe. This expansion will allow BASF to increase its production capacity by 30 percent.

Global Waterborne Polyurethanes Market Company Profile

  • BASF
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Covestro
  • DSM
  • R STAHL
  • H.B. Fuller
  • Dow Inc.
  • Wanhua Chemical
  • SNP Inc.
  • KAMSONS Chemical Pvt. Ltd.
  • Berger Paints
  • Axalta Coating Systems
  • PPG Industries
  • Akzo Nobel N.V.

Global Waterborne Polyurethanes Market Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Type
    • Market Snippet, By Applications
    • Market Snippet, By End-Use Industry
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Waterborne Polyurethanes Market, By Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Anionic PUDs
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Cationic PUDs
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Non-Ionic PUDs
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Component Polyurethane
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Two-component Polyurethane
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Urethane-modified
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Waterborne Polyurethanes Market, By Applications, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Coatings
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Adhesives
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Sealants
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Elastomers
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Waterborne Polyurethanes Market, By End-Use Industry, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Building & Construction 
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Automotive & Transportation
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Bedding & Furniture
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Electronics
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Waterborne Polyurethanes Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Applications, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Use Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Applications, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Use Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Applications, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Use Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Applications, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Use Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America

 

  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Applications, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Use Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • BASF
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Covestro
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • DSM
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • R STAHL
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • H.B. Fuller
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Dow Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Wanhua Chemical
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • SNP Inc   
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • KAMSONS Chemical Pvt. Ltd. 
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Berger Paints  
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

 

 

FAQs

The global waterborne polyurethanes market is segmented based on type, application, end-use industry, and region.

Increasing adoption of waterborne coatings and increasing awareness about the harmful effects of chemical emissions from solvents is the major factor driving growth of the global market.

The Asia Pacific has thus far been an exceptionally promising region for the inclusion of players from the worldwide waterborne polyurethane market. China, India, Malaysia, and Indonesia are leaning heavily towards the incorporation of waterborne polyurethane into more commercial aspects, thereby providing an optimistic scope of growth for both global and regional players present within the Asia Pacific. This region is currently one among the epicenters for industrial expansion and infrastructure development, and is, therefore, a major location for the manifold adoption rate of waterborne polyurethane.

Several strategic initiatives including portfolio expansions through novel product launches have been adopted by key players to maintain their presence in the market for waterborne polyurethanes. For instance, In JAN 2020, BASF invests in the expansion of polyurethane dispersion business in Europe. This expansion will allow BASF to increase its production capacity by 30 percent.