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%. 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.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144901125
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 increase in demand for waterborne polyurethane and the growing industrial development in the emerging economies, such as APAC and South America, are driving the market. The key players in the waterborne polyurethane 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). The waterborne polyurethane market report analyzes the key growth strategies, such as expansion and new product launch, adopted by the leading market players between 2015 and 2020.
Covestro (Germany) is among the key players in the waterborne polyurethane market. The company adopted the strategies of new product launch to strengthen its competitiveness in the global waterborne polyurethane market. For instance, in July 2018, Covestro had newly developed polyurethane dispersions named Impraperm DL 5249 and Impraperm DL 5310. These are used as textile coatings and enables effective waterproofing and breathability of coatings using the waterborne technology. This strategy had helped the company to provide eco-friendly textile production for its customers without the use of solvents.
DSM (Netherlands) is one of the leading manufacturers of waterborne polyurethanes. The company adopted partnership as one of its key business strategies. For instance, in June 2019, the Company partnered with TLF (Germany), a globally operating company supplying specialty chemicals to leather and related industries. This partnership includes supply as well as R&D of cutting edge, sustainable waterborne polyurethane dispersions system. By partnering at different points in the value chain, DSM and TLF are able to further unlock the value of sustainable leather finishes and strengthen their respective market positions.
Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=144901125
About MarketsandMarkets™
MarketsandMarkets™ 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™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ 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™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ 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.
Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/waterborne-polyurethane-market-144901125.html