Hybrid Non-Isocyanate Polyurethanes Market Insights
The Global Hybrid Non-Isocyanate Polyurethanes market is expected to grow at a moderate CAGR over the forecast period. Hybrid Non-Isocyanate Polyurethanes have characteristics such as high hydrolytic stability, superior chemical resistance, adhesiveness and reduced permeability as opposed to traditional polyurethanes. HNIPUs find applications in chemical resistant coatings, industrial flooring, sealants and glues among others.
These polyurethanes have high-performance characteristics without causing health and safety issues associated with isocyanates. Hybrid Non-Isocyanate Polyurethanes is a material which is still under experimentation but has proven applications in the coatings, indoor and outdoor paints and floorings and packaging among others.
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Hybrid Non-Isocyanate Polyurethanes Market: Type Insights
On the basis of type, the Hybrid Non-Isocyanate Polyurethanes market can be segmented into the rigid foam and flexible foam.
Hybrid Non-Isocyanate Polyurethanes Market: End-Use Application Insights
The Global Hybrid Non-Isocyanate Polyurethanes market is segmented into paints & coatings, adhesives & sealants, and fiber-reinforced composites among others based on end-use application. The paints & coatings segment is projected to hold the largest market share in terms of revenue owing to the high growth rate of the market, growing population and disposable income of individuals. The construction and infrastructure industry is also likely to positively impact the market for hybrid non-isocyanate polyurethanes. Environmental regulatory laws with respect to usage of VOC products along with multiple benefits of hybrid non-isocyanate polyurethanes are factors further expected to augment market growth.
Hybrid Non-Isocyanate Polyurethanes Market: Regional Insights
The Asia Pacific market is projected to grow at a significant CAGR during the forecast period owing to fast-growing construction industry, automotive and packaging industry. Another important factor contributing to market growth is the availability of cheap raw material and labor in emerging economies. This has led to companies shifting their manufacturing facilities to India, China, Japan, and South Korea among others. Growing public and private investments in the commercial and residential projects is expected to boost the demand for polyurethane resins during the forecast period. Further commercialization of hybrid non-isocyanate polyurethanes is expected to see a high demand from the Asia Pacific and North American region.
Hybrid Non-Isocyanate Polyurethanes Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase Hybrid Non-Isocyanate Polyurethanes over the coming years. Some leading consumers of controlled release fertilizer are BASF, Akzo Nobel and Nippon Paint among others.
Hybrid Non-Isocyanate Polyurethanes Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Hybrid Non-Isocyanate Polyurethanes Market: Share & Competitor Analysis
Hybrid coating technologies are currently the only company with the patented technology for hybrid non-isocyanate polyurethanes.
In May 2017, Hybrid coating technologies announced a coating product using Hybrid’s non-isocyanate hardener which was launched by PPG-Comex, its partner.
In May 2014, Hybrid coating technologies announced its entry in the insulation market with its patented product Non-Isocyanate Polyurethane coating.
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