Polyurethane Resin Market Segments, Opportunity, Growth and Forecast by End-Use Industry till 2030

The global polyurethane resin market size is expected to reach USD 1,056.2 Million in 2030 and register a revenue CAGR of 3.2% over the forecast period, according to a latest report by Reports and Data. Rising demand for cut and tear resistance resins and increasing adoption of polyurethane resins for wood and floor coatings are expected to drive market revenue growth during the forecast period. Increasing adoption of polyurethane adhesives in the footwear industry is expected to boost growth of polyurethane resin market in near future. Polyurethane adhesives help to decrease the fume or yellow coloring which is caused by over-heating. Polyolefin-based polyurethane adhesives provide high penetration and strong bonds to various materials, especially in footwear assembly which has led to rising demand for such adhesives. Polyurethane-based adhesives are also used in various applications during the manufacturing process of footwear such as lamination of shoe vamp, bonding of counter and insole, and foam pasting which is another factor increasing demand for such adhesives in footwear industry. This is expected to drive revenue growth of the market in near future. Additionally, increasing usage of these resins for the lamination and coatings of furniture and wooden products to provide high gloss appearance and smooth surface with high durability is also expected to drive revenue growth of the market.

However, concerns regarding environmental issues associated with these resins are some factors that could hamper revenue growth of the market during the forecast period. Polyurethane foam and resins emit toxic fumes if burned. Some polyurethane blowing agents produce greenhouse gases that have a negative impact on the atmosphere. Some polyurethane foams contain non-renewable fossil fuels that are harmful to the environment. Although not as toxic as many other chemicals, it is still harmful to the environment which is expected to restrain revenue growth of the market.

Get a sample of the report @ https://www.reportsanddata.com/download-free-sample/5060

Companies profiled in the global market report include The Dow Chemical Company, Covestro A.G., BASF SE, Huntsman Corporation, Eastman Chemical Company, Mitsui Chemical, Inc., DuPont de Nemours, Inc., Alchemie, Ltd., Shanghai Dongda Polyurethane Co., Ltd., Arakawa Chemical Industries, Ltd., and Perstorp Holdings AB.

Some Key Highlights in the Report

• Water-based resins segment is expected to account for larger market share over the forecast period. Water-based resins are versatile and environment-friendly coating materials and are available in a wide range of harnesses and solids content. Their zero to low volatile organic content facilitates their formulation into a protective coating for a variety of substrates. This is expected to boost revenue growth of the segment.
• Construction segment is expected to account for largest revenue share in global polyurethane resin market between 2022 and 2030. Rising demand for materials that are light, strong and durable, easy to install, flexible, and of high-quality during construction of buildings is expected to drive growth of the segment. It is widely used in construction owing to its insulating properties, flexibility, durability, and exemplary strength-to-weight ratio.
• North America polyurethane resin market is expected to account for largest revenue share in the global market over the forecast period. Rising demand for polyurethane for the lamination and coatings of furniture and wooden floorings for aesthetic apparency is another factor expected to drive revenue growth of the polyurethane resin market.
• On 03 March 2022, The Dow Chemical Company introduced a new VORASURF Silicone Surfactants product line. The new product is being introduced to meet growing demand for more energy-efficient and environment-friendly spray and building solutions. Silicone performance additives, surfactants, and release agents are among the solutions that the company has developed in collaboration with the polyurethane sector.

To know more about the report @ https://www.reportsanddata.com/report-detail/polyurethane-resin-market

For the purpose of this report, Reports and Data has segmented global polyurethane resin market based on resin type, application, and region:

Resin Type Outlook (Revenue, USD Million, Volume, Kilo Tons; 2019-2030)

• Solvent-Based Resin
• Water-Based Resin
• Others

Application Outlook (Revenue, USD Million, Volume, Kilo Tons; 2019-2030)

• Construction
• Transportation
• Pharmaceuticals
• Paints & Coatings
• Others

Regional Outlook (Revenue, USD Million, Volume, Kilo Tons; 2019-2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Sweden
  • BENELUX
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Israel
  • Rest of MEA

Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/5060

Thank you for reading global Polyurethane Resin Market report. We also offer customized research reports as per client requirement. Kindly contact us for to know more about the feature and our team will provide you a well-curated report in the stipulated time.

Browse Related Links:

Lactoferrin Market Analysis

Personalized Nutrition Market Forecast

Pulse Ingredients Market Outlook

Halal Ingredients Market Companies

Dairy Blends Market Revenue

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyse consumer behaviour shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Power and Energy, and Chemicals. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

The post Polyurethane Resin Market Segments, Opportunity, Growth and Forecast by End-Use Industry till 2030 appeared first on Market O Graphics.