The Waterborne Polyurethane Market size is forecasted to reach US$2.2 billion by 2027, after growing at a CAGR of 5.3% during the forecast period 2022-2027. Waterborne polyurethane (PU), which is made from hexamethylene diisocyanate, polystyrene, carbamate and other chemicals, is produced by dispersing polyurethane polymer resins in water. Waterborne polyurethane is frequently used for low volatile organic compounds (VOC), water-based paints & coatings, adhesives and ink binders that are safe for the environment. The growth of the building & construction activities <span class="NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW185379994 BCX0" data:image="" svg+xml;base64,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"=" ));"="" border-bottom:="" 1px="" solid="" transparent;"="" style="box-sizing: border-box;">are primarily propelling the waterborne polyurethane market growth. However, in 2020, the shortage of raw materials, restrictions on the labor movement and other restrictions due to the Covid-19 pandemic negatively impacted the growth of the waterborne polyurethane industry. In 2021, the surge in the production activities, due to economic stimulus packages, ease of Covid-related regulations and other factors aided the market growth. Moreover, the bolstering transport industry will boost the demand for waterborne polyurethane. This, in turn, will accelerate the expansion of the waterborne polyurethane market size in the coming years.
Report Coverage
The "Waterborne Polyurethane Market Report–Forecast (2022-2027)” by <span class="NormalTextRun SpellingErrorV2Themed SCXW185379994 BCX0" data:image="" svg+xml;base64,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"));="" border-bottom:="" 1px="" solid="" transparent;"="" style="box-sizing: border-box;">IndustryARC, covers an in-depth analysis of the following segments in the Waterborne Polyurethane Market.
Key Takeaways
- Asia-Pacific dominated the Waterborne Polyurethane Market, owing to the growth of the building & construction activities in the region. For instance, according to the International Trade Administration (ITA), South Korea's construction industry was valued at US$164 billion in 2020, up 15.5% from 2019.
- The growth of the transport industry is accelerating the demand for composite materials coatings to ensure superior protection from temperature, corrosion and more. This factor is driving the waterborne polyurethane industry growth.
- Moreover, the surging government regulations for low VOC content in coatings and other products are accelerating the waterborne polyurethane market growth.
- Nevertheless, the volatility in the raw material prices of waterborne polyurethane may restrict the waterborne polyurethane during the forecast period of 2022-2027.
Figure: Asia-Pacific Waterborne Polyurethane Market Revenue, 2021-2027 (US$ Billion)
Waterborne Polyurethane Market Segment Analysis – By Application
The paints and coating segment held the largest Waterborne Polyurethane Market share in 2021 and is forecasted to grow at a CAGR of 5.4% during the forecast period 2022-2027. Waterborne polyurethane formulations are employed in paints and coatings to ensure superior flexibility and reduce moisture and solar radiation absorption. This enables high environmental resilience and fewer solvent emissions. Also, in waterborne polyurethane, the hydrophobic/hydrophilic balance is used because it offers good conditions for concentration at the polymeric particle's surface area during the dispersed stage. This property ensures the superior appearance and higher durability of paints and coatings. Thus, waterborne polyurethane coatings with excellent transparency, solvent <span class="NormalTextRun SpellingErrorV2Themed SCXW185379994 BCX0" data:image="" 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border-bottom:="" 1px="" solid="" transparent;"="" style="box-sizing: border-box;">resistance<span class="NormalTextRun SpellingErrorV2Themed SCXW185379994 BCX0" data:image="" 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border-bottom:="" 1px="" solid="" transparent;"="" style="box-sizing: border-box;">and hardness have found widespread application in furniture, <span class="NormalTextRun SpellingErrorV2Themed SCXW185379994 BCX0" data:image="" 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border-bottom:="" 1px="" solid="" transparent;"="" style="box-sizing: border-box;">leather<span class="NormalTextRun SpellingErrorV2Themed SCXW185379994 BCX0" data:image="" 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border-bottom:="" 1px="" solid="" transparent;"="" style="box-sizing: border-box;">and other industries. This, in turn, is leading to the waterborne polyurethane market growth.
Waterborne Polyurethane Market Segment Analysis – By End-Use Industry
The building and construction segment held the largest Waterborne Polyurethane Market share in 2021 and is forecasted to grow at a CAGR of 5.7% during the forecast period 2022-2027. Waterborne polyurethane has several advantages, including temperature curing, superior adhesion, high strength and other advantages that <span class="NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW185379994 BCX0" data:image="" svg+xml;base64,pd94bwwgdmvyc2lvbj0ims4wiiblbmnvzgluzz0ivvrgltgipz4kphn2zyb3awr0ad0inxb4iibozwlnahq9ijnwecigdmlld0jved0imcawidugmyigdmvyc2lvbj0ims4xiib4bwxucz0iahr0cdovl3d3dy53my5vcmcvmjawmc9zdmciihhtbg5zonhsaw5rpsjodhrwoi8vd3d3lnczlm9yzy8xotk5l3hsaw5rij4kicagidwhls0gr2vuzxjhdg9yoibta2v0y2ggntuumiaonzgxodepic0gahr0chm6ly9za2v0y2hhchauy29tic0tpgogicagphrpdgxlpmdyyw1tyxjfzg91ymxlx2xpbmu8l3rpdgxlpgogicagpgrlc2m+q3jlyxrlzcb3axroifnrzxrjac48l2rlc2m+ciagica8zybpzd0iz3jhbw1hcl9kb3vibgvfbgluzsigc3ryb2tlpsjub25liibzdhjva2utd2lkdgg9ijeiigzpbgw9im5vbmuiigzpbgwtcnvszt0izxzlbm9kzcigc3ryb2tllwxpbmvjyxa9injvdw5kij4kicagicagica8zybpzd0ir3jhbw1hci1uawxllunvchkiihn0cm9rzt0iizmzntvgrii+ciagicagicagicagidxwyxroigq9ik0wldaunsbmnswwljuiiglkpsjmaw5lltitq29wes0xmci+pc9wyxropgogicagicagicagica8cgf0acbkpsjnmcwyljugtdusmi41iibpzd0itgluzs0ylunvchktmteipjwvcgf0ad4kicagicagica8l2c+ciagica8l2c+cjwvc3znpg="=" ));"="" border-bottom:="" 1px="" solid="" transparent;"="" style="box-sizing: border-box;">ensure superior durability. Thus, owing to these benefits, it is frequently used in building and construction applications such as flooring, roofing and more. The surging demand for affordable housing, increasing demand for commercial <span class="NormalTextRun SpellingErrorV2Themed SCXW185379994 BCX0" data:image="" svg+xml;base64,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"));="" border-bottom:="" 1px="" solid="" transparent;"="" style="box-sizing: border-box;">space<span class="NormalTextRun SpellingErrorV2Themed SCXW185379994 BCX0" data:image="" svg+xml;base64,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"));="" border-bottom:="" 1px="" solid="" transparent;"="" style="box-sizing: border-box;">and other factors are vital for the growth of the building and construction activities. For instance, in Q3 of 2021, the development of various offices started in Germany, which included <span class="NormalTextRun SpellingErrorV2Themed SCXW185379994 BCX0" data:image="" svg+xml;base64,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"));="" border-bottom:="" 1px="" solid="" transparent;"="" style="box-sizing: border-box;">Markisches Zentrum Redevelopment (completion year Q4 2023), Minden Headquarters Building (completion year Q3 2024), <span class="NormalTextRun SpellingErrorV2Themed SCXW185379994 BCX0" data:image="" svg+xml;base64,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"));="" border-bottom:="" 1px="" solid="" transparent;"="" style="box-sizing: border-box;">Kolbenhoefe Mixed-Use Complex (completion year Q4 2023) and others. Moreover, according to the United States Census Bureau, in 2021, the total new residential construction projects started in the USA was 1,610 thousand units, an increase of 16.7% over 2020. Hence, the growth of the building and construction industry is propelling the demand for waterborne polyurethane-based paints & coatings, adhesions and more. As a result, accelerating the waterborne polyurethane market growth.
Waterborne Polyurethane Market Segment Analysis – By Geography
<div class="OutlineElement Ltr SCXW185379994 BCX0" segoe="" ui",="" "segoe="" ui="" web",="" arial,="" verdana,="" sans-serif;="" font-size:="" 12px;"="" style="box-sizing: border-box;">Asia-Pacific is the dominating region as it held the largest Waterborne Polyurethane Market share in 2021 up to 41%. The growth of <span class="NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW185379994 BCX0" data:image="" svg+xml;base64,pd94bwwgdmvyc2lvbj0ims4wiiblbmnvzgluzz0ivvrgltgipz4kphn2zyb3awr0ad0inxb4iibozwlnahq9ijnwecigdmlld0jved0imcawidugmyigdmvyc2lvbj0ims4xiib4bwxucz0iahr0cdovl3d3dy53my5vcmcvmjawmc9zdmciihhtbg5zonhsaw5rpsjodhrwoi8vd3d3lnczlm9yzy8xotk5l3hsaw5rij4kicagidwhls0gr2vuzxjhdg9yoibta2v0y2ggntuumiaonzgxodepic0gahr0chm6ly9za2v0y2hhchauy29tic0tpgogicagphrpdgxlpmdyyw1tyxjfzg91ymxlx2xpbmu8l3rpdgxlpgogicagpgrlc2m+q3jlyxrlzcb3axroifnrzxrjac48l2rlc2m+ciagica8zybpzd0iz3jhbw1hcl9kb3vibgvfbgluzsigc3ryb2tlpsjub25liibzdhjva2utd2lkdgg9ijeiigzpbgw9im5vbmuiigzpbgwtcnvszt0izxzlbm9kzcigc3ryb2tllwxpbmvjyxa9injvdw5kij4kicagicagica8zybpzd0ir3jhbw1hci1uawxllunvchkiihn0cm9rzt0iizmzntvgrii+ciagicagicagicagidxwyxroigq9ik0wldaunsbmnswwljuiiglkpsjmaw5lltitq29wes0xmci+pc9wyxropgogicagicagicagica8cgf0acbkpsjnmcwyljugtdusmi41iibpzd0itgluzs0ylunvchktmteipjwvcgf0ad4kicagicagica8l2c+ciagica8l2c+cjwvc3znpg="=" ));"="" border-bottom:="" 1px="" solid="" transparent;"="" style="box-sizing: border-box;">the building & construction activities, <span class="NormalTextRun SpellingErrorV2Themed SCXW185379994 BCX0" data:image="" svg+xml;base64,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"));="" border-bottom:="" 1px="" solid="" transparent;"="" style="box-sizing: border-box;">transport<span class="NormalTextRun SpellingErrorV2Themed SCXW185379994 BCX0" data:image="" svg+xml;base64,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"));="" border-bottom:="" 1px="" solid="" transparent;"="" style="box-sizing: border-box;">and other industries are driving the economic growth of the Asia-Pacific region. The key variables such as rising retail store building construction, rising commercial centers and more such variables are creating an opportunity for the construction industry growth in Asia-Pacific. For instance, in August 2021, New Zealand's Auckland Airport announced plans to develop 100 retail stores. The new retail area would entail the construction of a 23,000-square-meter-plus outlet center on undeveloped property near the airport's north-eastern boundary. Moreover, as of May 2022, the construction of the 466 trillion Indonesian rupiahs ($32.3 billion). Indonesia's new capital is in progress. The capital city's construction will be complete by the end of 2024. The construction activities include the construction of offices, residential apartments, shopping centers and more. Also, according to Invest India, there is a total of 115 future construction projects which are under the planning phase in India and the value of these projects is about US$11.63 million. These projects include the construction of hotels & office buildings, shopping <span class="NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW185379994 BCX0" data:image="" svg+xml;base64,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"=" ));"="" border-bottom:="" 1px="" solid="" transparent;"="" style="box-sizing: border-box;">complex and more. Therefore, the growth of the building and construction industry is propelling the demand for waterborne polyurethane to enhance adhesion and sealants. This, in turn, is accelerating waterborne polyurethane market size growth.
<div class="OutlineElement Ltr SCXW185379994 BCX0" segoe="" ui",="" "segoe="" ui="" web",="" arial,="" verdana,="" sans-serif;="" font-size:="" 12px;"="" style="box-sizing: border-box;">Waterborne Polyurethane Market Drivers
Growth of the <span class="NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW18501490 BCX0" data:image="" svg+xml;base64,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"=" ));"="" border-bottom:="" 1px="" solid="" transparent;"="" style="box-sizing: border-box;">Transport Industry
The critical benefits of waterborne polyurethane include Chemical resistance, high elongation, UV resistance, low-temperature flexibility and more. These advantages result in enhancing the durability of the coatings. Thus, owing to these benefits, it is often
