Waterborne Polyurethanes Market Estimated to Reach $10 Billion by 2019
DALLAS - According to a new report published by research firm MarketsandMarkets, the waterborne polyurethanes (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 percent between 2014 and 2019.
The coatings market is estimated to be the largest segment, both in terms of value and volume, in 2014 with a share of more than 30 percent in the total WPU market. The coatings market is also projected to be the largest segment, projected through to 2019. Growth in coatings applications is expected to be driven by the increased use of WPU-based coatings in end-use industries such as automotive and building and construction.
Europe is the largest consumer of WPU globally, accounting for more than a 35 percent share in the global waterborne polyurethane market in 2014 and is projected to grow at a CAGR well above the global average.
The WPU market is segmented into four major application segments: coatings, sealants, adhesives and elastomers. The demand for WPU in sealants applications is expected to be the fastest among all the applications, and Europe is estimated to be the largest region for the sealants segment in 2014.
The report, titled Waterborne Polyurethane Market by Application (Coating, Sealant, Adhesive, and Elastomer), by Region (Europe, Asia-Pacific, North America, and RoW) - Trends & Forecast to 2019, explains the driving and restraining factors of the global WPU market with an analysis of trends, opportunities and challenges. It includes 50 market data tables and 53 figures spread through 200 pages. For more information, visit http://www.marketsandmarkets.com/Market-Reports/waterborne-polyurethane-market-144901125.html.