Press release
Waterborne Polyurethane Global Market Report 2024 By Report, Share, Size, Drivers, Forecast To 2033
The Business Research Company presents an extensive market research report on the Waterborne Polyurethane Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The waterborne polyurethane market size has grown strongly in recent years. It will grow from $5.07 billion in 2023 to $5.41 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to government investments in research and development, environmental regulations, market demand shift, advancements in formulation, industry adoption..
The waterborne polyurethane market size is expected to see strong growth in the next few years. It will grow to $6.98 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to consumer preferences for eco-friendly products, collaboration with industries, customization, impact of covid-19 pandemic, supply chain restrictions, manpower & equipment shortage.. Major trends in the forecast period include brand reputation and consumer awareness, energy efficiency, market penetration strategies, global economic trends, focus on health & safety..
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Key Market Players:
Major companies operating in the waterborne polyurethane market report are Covestro AG, Koninklijke DSM NV, BASF SE, Allnex Belgium SA, Dow Inc., H.B. Fuller Company, Wanhua Chemical Group Co. Ltd., SNP Inc., Kamsons Chemicals Pvt. Ltd., Axalta Coating Systems Ltd., The Sherwin-Williams Company, Perstorp AB, C.L Hauthaway & Son Corporation, Lamberti S.p.A., Sun Polymers International Inc., R. STAHL GmbH, Chemtura Corporation, Lanxess AG, Lubrizol Corporation, Bayer MaterialScience AG, PPG Industries Inc., Capital Resin Corporation, Walter Wurdack Inc., Palmer Holland Inc., SIWO US Inc., Brilliant Group Inc., Aditya Birla Chemicals Ltd., Hauthaway Corporation, Henkel AG & Co. KGaA, Huntsman Corporation, Nippon Polyurethane Industry Co. Ltd.
Market Drivers:
The growth of the construction industry is expected to propel the growth of the waterborne polyurethane market going forward. The construction sector is involved in building infrastructure such as houses, buildings, bridges, and so on. Waterborne polyurethane coatings are used for both floor and wall coatings in various newly constructed buildings as a protective layer for abrasion resistance, weathering resistance, and chemical resistance, thereby increasing the demand for the waterborne polyurethane market. For instance, according to data by The Construction Index, a UK-based publisher of construction sector information, construction output increased by 1.7% in volume terms in March 2022 in comparison with February data in the UK. The rise in repair and maintenance (3.0%) and new work (1.0%) activity drove the increase in monthly construction production in March 2022. Therefore, the growth of the construction industry is driving demand for the waterborne polyurethane market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/waterborne-polyurethane-global-market-report
The waterborne polyurethane market covered in this report is segmented -
1) By Type: Polyurethane Emulsion, Polyurethane Dispersion, Polyurethane Aqueous Solution
2) By Application: Coating, Sealant, Adhesive, Elastomer
3) By End-use industry: Building and construction, Automotive and transportation, Bedding and furniture, Electronics, Other End Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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