Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Waterborne Polyurethane Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Waterborne Polyurethane Industry in 2024 and 2025?
The market size of waterborne polyurethane has been growing consistently over the recent past. It is predicted to increase from $5.37 billion in 2024 to $5.63 billion in 2025, with a compound annual growth rate (CAGR) of 4.9%.
What Is the Projected Market Size of the Waterborne Polyurethane Market in 2029?
The market size of waterborne polyurethane is predicted to expand to $7.35 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.9%.
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What Are the Key Drivers of Waterborne Polyurethane Market Growth?
The key Drivers in the waterborne polyurethane market are:
• Expansion and growth of the construction industry
• Use of waterborne polyurethane coatings in infrastructural projects for protection and resistance
• Increasing demand for this product in newly constructed buildings
• Rise in activities related to repair and maintenance, and new work in the construction sector.
What Are the Primary Segmentation Categories in the Waterborne Polyurethane Market?
The waterborne polyurethanemarket covered in this report is segmented –
1) By Type: Polyurethane Emulsion, Polyurethane Dispersion, Polyurethane Aqueous Solution
2) By Application: Coating, Sealant, Adhesive, Elastomer
3) By End-use industry: Building And construction, Automotive And transportation, Bedding And furniture, Electronics, Other End Users
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What Are the Major Trends Shaping the Waterborne Polyurethane Market in 2025 and Beyond?
The key trends in the waterborne polyurethane market are:
• Product innovations are a dominant emerging trend in the waterborne polyurethane market.
• Major market players are notably focusing on new technology developments to maintain their competitive edge.
• Introduction of environment-friendly waterborne polyurethane resins signals a significant emerging trend.
• Efforts to reduce greenhouse gas emissions and volatile organic compounds (VOCs) are also shaping the market's future.
Who Are the Emerging Players in the Waterborne Polyurethane Market?
The key players in the waterborne polyurethane market are:
• Covestro AG
• Koninklijke DSM NV
• BASF SE
• Allnex Belgium SA
• Dow Inc.
• H.B. Fuller Company
• Wanhua Chemical Group Co. Ltd.
• Kamsons Chemicals Pvt. Ltd.
• Axalta Coating Systems Ltd.
• The Sherwin-Williams Company
• Perstorp AB
• Lamberti S.p.A.
• Sun Polymers International Inc.
• Lanxess AG
• Lubrizol Corporation
• PPG Industries Inc.
• Capital Resin Corporation
• Palmer Holland Inc.
• Aditya Birla Chemicals Ltd.
• Hauthaway Corporation
• Henkel AG & Co. KGaA
• Huntsman Corporation
• Nippon Polyurethane Industry Co. Ltd.
Which Regions Are Leading the Growth in the Global Waterborne Polyurethane Market?
Asia-Pacific was the largest region in the waterborne polyurethane market share in 2024
