Industry Background:
Waterborne polyurethane dispersions are coatings and adhesives whose primary solvent is water. The use of Waterborne Polyurethane has showed increased demand due to increasing federal regulations against volatile organic compounds and hazardous air pollutants. They are being increasingly used as replacements for solvent-based polyurethanes as solvent-based polyurethanes create more pollution.This growth is primarily driven by Growing Demand for the Environment-Friendly Substitute to Solvent-Based Polyurethane to Reduce the Pollution and Increasing Demand in North America as well as in Emerging Economies Due to Stringent Regulations.
Globally, a noticeable market trend is evident Building and Construction Industry Shows Rising Demand Amid New Regulations
. Major Vendors, such as BASF (Germany), DSM (Netherlands), Dow Inc. (United States), H.B. Fuller (United States), Wanhua Chemical (China), SNP Inc., (United States), KAMSONS Chemical Pvt. Ltd., (India), Covestro (Germany), R STAHL (Germany) and Chemtura (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In Jan 2020, BASF increased the production capacity of waterborne polyurethane to serve its customers better and to keep up with rising demand in Europe. With this expansion, BASF increased its production capacity by over 30%. With this investment, BASF increased its portfolio in the field of adhesives, parquet flooring, automotive, and industry coatings.
Regulatory Insights:
Occupational Safety and Health Administration (OSHA) in the USA gives regulations for the use of polyurethanes including hazard communication, respiratory protection, code of federal regulation, and personal protective equipment.
Market Drivers
- Growing Demand for the Environment-Friendly Substitute to Solvent-Based Polyurethane to Reduce the Pollution
- Increasing Demand in North America as well as in Emerging Economies Due to Stringent Regulations
Market Trend
- Building and Construction Industry Shows Rising Demand Amid New Regulations
- Use of Niche Product or Variants of Waterborne Polyurethane is Increasing
Restraints
- As Raw Materials to Make Waterborne Polyurethane Primary Come from Crude Oil, There Is Unpredictability and Volatility in The Prices of Raw Materials
Opportunities
Surging Coating and Sealant Application in Industries will Boost Waterborne Polyurethane Market
Challenges
Waterborne Polyurethanes are Not as Economical as Their Counterpart, Solvent Based Polyurethanes
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Waterborne Polyurethane Study Sheds Light on
— The Waterborne Polyurethane Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Waterborne Polyurethane industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Waterborne Polyurethane industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.