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.
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.
- 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
- Building and Construction Industry Shows Rising Demand Amid New Regulations
- Use of Niche Product or Variants of Waterborne Polyurethane is Increasing
- As Raw Materials to Make Waterborne Polyurethane Primary Come from Crude Oil, There Is Unpredictability and Volatility in The Prices of Raw Materials
Surging Coating and Sealant Application in Industries will Boost Waterborne Polyurethane Market
Waterborne Polyurethanes are Not as Economical as Their Counterpart, Solvent Based Polyurethanes
AdvanceMarketAnalytics 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 of the Report:
AMA Research & Media features not only specific market forecasts, but also include significant value-added commentary on:
Technological Trends and Innovations
Regulatory Trends & Policies
Market Maturity Indicators
Market Share Movements
Growth Drivers and Constraints
New Entrants into the Market & Entry/Exit Barriers
Supporting Company Financial and Cash Flow Planning
Open Up New Markets
To Seize Powerful Market Opportunities
Key Decision in Planning and to Further Expand Market Share
Identify Key Business Segments, Market Proposition & Gap Analysis