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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