Title: Waterborne Polyurethane Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2022-2027 (2)
1Waterborne Polyurethane Market Forecast (2022 -
2027)Market size, Industry outlook, Market
Forecast, Demand Analysis, Market Share, Market
Report 2022-2027
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- The Waterborne Polyurethane Market size is
forecasted to reach US2.2 billion by 2027, after
growing at a CAGR of 5.3 during the forecast
period 2022-2027. - Waterborne polyurethane (PU), which is made from
hexamethylene diisocyanate, polystyrene,
carbamate and other chemicals, is produced by
dispersing polyurethane polymer resins in water. - Waterborne polyurethane is frequently used for
low volatile organic compounds (VOC), water-based
paints coatings, adhesives and ink binders that
are safe for the environment. The growth of the
building construction activities are primarily
propelling the waterborne polyurethane market
growth.
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- Key Takeaways
- Asia-Pacific dominated the Waterborne
Polyurethane Market, owing to the growth of the
building construction activities in the region.
For instance, according to the International
Trade Administration (ITA), South Korea's
construction industry was valued at US164
billion in 2020, up 15.5 from 2019. - The growth of the transport industry is
accelerating the demand for composite materials
coatings to ensure superior protection from
temperature, corrosion and more. This factor is
driving the waterborne polyurethane industry
growth.
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By Distribution Channel- Segment Analysis The
paints and coating segment held the largest
Waterborne Polyurethane Market share in 2021 and
is forecasted to grow at a CAGR of 5.4 during
the forecast period 2022-2027. Waterborne
polyurethane formulations are employed in paints
and coatings to ensure superior flexibility and
reduce moisture and solar radiation absorption.
This enables high environmental resilience and
fewer solvent emissions. Also, in waterborne
polyurethane, the hydrophobic/hydrophilic balance
is used because it offers good conditions for
concentration at the polymeric particle's surface
area during the dispersed stage.
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- Waterborne Polyurethane Industry OutlookÂ
- Dow
- Bayer Materialscience
- Axalta Coating Systems
- Henkel
- PPG Industries
- BASF
- H.B. Fuller
- RPM International
- 3M
- Sherwin-Williams
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