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.