The Global Waterborne Polyurethane Market to grow from USD 1,514.66 Million in 2019 to USD 2,133.01 Million by 2025, at a Compound Annual Growth Rate (CAGR) of 5.87%.
Market Segmentation & Coverage:
The research report categorizes the Waterborne Polyurethane Market to forecast the revenues and analyze the trends in each of the following segments:
Based on Product Type, the Waterborne Polyurethane Market studied across Adhesive, Coating, Elastomer, and Sealant.
Based on End-use, the Waterborne Polyurethane Market studied across Automotive & transportation, Bedding & furniture, Building & construction, and Electronics.
Based on Geography, the Waterborne Polyurethane Market studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.
The factors attributing to the growth of the market are increasing demand for substitution of solvent-based polyurethanes, the government initiatives for reducing the exposure to vocs, rapidly growing paint and coating industry, and increasing adoption for concrete and industrial flooring. However, some factors such as fluctuation in raw material prices may hinder the market growth. The Waterborne Polyurethane Market expected to showcase the opportunities such as advances including polyurethane dispersions (puds) showcasing high optimism and increasing adoption of sustainable products due to the harmful effects of chemical emissions from solvents. Soon market may face the possible challenges in the growth due to performance concern of waterborne polyurethanes as compared to solvent-based. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the market.
Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.
360iResearch Competitive Strategic Window:
The 360iResearch Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.
360iResearch FPNV Positioning Matrix:
The 360iResearch FPNV Positioning Matrix evaluates and categorizes the vendors in the Waterborne Polyurethane Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Company Usability Profiles:
The Waterborne Polyurethane Market is highly competitive and characterized by the presence of a large number of international and regional players in the market. The market has witnessed increased competition between vendors based on the pricing model, technology differentiation, brand name, quality of service, price differentiation, and technical expertise.
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Waterborne Polyurethane Market, including 3M Company, Anhui Sinograce Chemicals Co., Ltd., Axalta Coating Systems LLC, BASF S.E., Bayer Materials Science LLC, Guangdong Orient Yige New Materials Co., Ltd, H.B. Fuller, Heben Polyester Chemicals Co., Ltd, Henkel Ag & Company, Huisins New Material Technology Co., Ltd, Kaiyue Technologies, PPG Industries Inc., RPM International Inc., Siwochem, The Dow Chemical Company, The Sherwin-Williams, VCM Polyurethanes Pvt. Ltd., Wanhua Chemical Group, Welson Industrial Company, Xiamen Wangquin Chemical Technology Co., Ltd, and Xuchuan Chemicals.