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Waterborne Polyurethane Market to Reach USD 10 Billion by 2019: MarketsandMarkets

Published on 2015-05-29. Author : SpecialChem

According to a new market research report "Waterborne Polyurethane Market by Application (Coating, Sealant, Adhesive, and Elastomer), by Region (Europe, Asia-Pacific, North America, and RoW) - Trends & Forecast to 2019" the waterborne polyurethane (WPU) market is projected to grow from more than $6.5 Billion in 2014 to approximately $10.0 Billion by 2019, at a CAGR of 9.0% between 2014 and 2019. It also explains the driving and restraining factors of the global WPU market with an analysis of trends, opportunities, and challenges.

The WPU market is segmented by application and region. The market size of each region such as Europe, Asia-Pacific, North America, and Rest of the World (RoW) is projected in the report. The key countries such as U.S., China, Germany and Japan are covered and their market size is forecasted along with their growth rates.

Coating: Largest Segment, By Application

Coating is estimated to be the largest segment, both in terms of value as well as volume, in 2014 with a share of more than 30.0% in the total WPU market. Coating is also projected to be the largest segment throughout the projection year till 2019. The growth in coating application is expected to be driven by the increased use of WPU-based coating in end-use industries such as automotive and building & construction.

Europe: Largest Consumer

Europe is the largest consumer of WPU globally, accounting for more than 35.0% share in the global waterborne polyurethane market in 2014 and is projected to grow at a CAGR well above the global average.

WPU Market

The WPU market is segmented into four major application segments; they are coating, sealant, adhesive, and elastomer. The demand for WPU in sealant application is expected to be the fastest among all the applications; Europe is estimated to be the largest region for sealant application segment in 2014.

Leading companies such as Bayer MaterialScience LLC (Germany), Axalta Coating Systems (U.S.), BASF S.E. (Germany), the 3M Company (U.S.) and PPG Industries Inc. (U.S.) are focusing on the development of new WPU products through research and innovation, to expand their customer base and application areas.

About MarketsandMarkets
M&M is a full service market research company and consulting firm that produces 400 high-level, strategically analyzed, full-length reports a year, tracking more than 10 industries. M&M plans to launch industry-wise and country-wise market tracker reports for all the verticals we track. This intelligence database, comprising about 60,000 reports a year, will form one of the world's largest business intelligence resources. M&M has effectively used technology to automate the management of large and complex market data tables and forecasts.

Source: MarketsandMarkets

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