Waterborne Polyurethanes Market worth $2.1 billion by 2025 - Exclusive Report by MarketsandMarkets(TM)
CHICAGO, Oct. 9, 2020 /PRNewswire/ -- According to the new market research report "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", published by MarketsandMarkets(TM), 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%.
https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144901125
Browse in-depth TOC on "Waterborne Polyurethane Market"
72 - Market Data Tables
40 - Figures
140 - Pages
View Detailed Table of Content Here:
https://www.marketsandmarkets.com/Market-Reports/waterborne-polyurethane-market-144901125.html
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.
On the basis of application, coatings segment is estimated to lead the overall Waterborne Polyurethanes Market in2020.
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.
Request Sample Pages:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=144901125
On the basis of region, APAC is estimated to lead the Waterborne Polyurethanes Market in 2020.
APAC is projected to be the largest and fastest-growing market for waterborne polyurethanes. The rising population, increased demand for automobiles, growing disposable income, rapid industrialization, and increased urbanization are driving the APAC Waterborne Polyurethanes Market. China is the largest market for waterborne polyurethanes in the region. China is also a major producer and consumer of waterborne polyurethanes in the region as it has a huge manufacturing base. Apart from China, India and South Korea are projected to grow at a decent rate during the forecast period.
The key players in this market include Covestro (Germany), DSM (Netherlands), BASF (Germany), R STAHL (Germany), Chemtura (the US), Dow Inc ., (the US), H.B. Fuller (the US), Wanhua Chemical Corporation(China), SNP Inc., (the US), and KAMSONS Chemical Pvt. Ltd., (India). These players have established a strong foothold in the market by adopting strategies, such as expansion, partnerships, and new product launch.
Get 10% Free Customization on this Report:
https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=144901125
Browse Adjacent Market: Coatings Adhesives Sealants and Elastomers Market Research Report & Consulting
Related Reports:
Polyurethane Additives Market by Type (Catalysts, Surfactants, Filler, Flame retardants, and others), Application (Foams, Adhesives & Sealants, Coatings, Elastomers), End-use Industry and Region - Global Forecast to 2025
https://www.marketsandmarkets.com/Market-Reports/polyurethane-additive-market-121317889.html
Polyurethane Market by Raw Material (MDI, TDI, Polyols), Product (Coatings, Adhesives & Sealants, Flexible & Rigid Foams, Elastomers), End User (Building & Construction, Automotive & Transportation, Bedding & Furniture) - Global Forecast to 2021
https://www.marketsandmarkets.com/Market-Reports/polyurethane-market-151784541.html
About MarketsandMarkets(TM)
MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets(TM) are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets(TM) now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets(TM) is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets(TM) INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/waterborne-polyurethane-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/waterborne-polyurethane.asp
View original content:http://www.prnewswire.com/news-releases/waterborne-polyurethanes-market-worth-2-1-billion-by-2025--exclusive-report-by-marketsandmarkets-301149340.html
SOURCE MarketsandMarkets
