Hybrid Non-Isocyanate Polyurethanes Market - Forecast(2024 - 2030)

Report Code: CMR 69104 Report Format: PDF + Excel
Overview

Hybrid Non-Isocyanate Polyurethanes Market size is forecast to reach $8.12 million by 2025, after growing at a CAGR of 10.3% during 2020-2025. Hybrid Non-Isocyanate Polyurethanes industry is projected to augment due to its superior properties such as high hydrolytic stability, superior chemical resistance, adhesiveness, and reduced permeability as compared to conventional polyurethanes. Hybrid non-isocyanate polyurethanes are ideal choice for numerous applications including crack-resistant composite materials, chemical resistant coatings, industrial floorings, sealants, glues, and many others. Non-isocyanate Green Polyurethane foam can be used for many industrial and commercial applications.
 
Key Takeaways
  • Asia Pacific dominates the Hybrid Non-Isocyanate Polyurethanes market owing to well performing industries such as building and construction, automotive, packaging and others.  
  • Hybrid Non-Isocyanate Polyurethanes is a potential replacement for current polyurethanes that use isocyanates in their production, especially those that leave post-reaction free isocyanates in aerosolized forms market during forecast period.  
  • The market drivers and restraints have been assessed to understand their impact over the forecast period. The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. 
  • The other key areas of focus include the various applications in Hybrid Non-Isocyanate Polyurethanes Market and their specific segmented revenue. 

Type - Segment Analysis

Rigid Foam held the largest share in the Hybrid Non-Isocyanate Polyurethanes market in 2019.  These polyurethane and epoxy materials have properties such as flexibility at low temperatures and flex fatigue along with excellent chemical resistance, weathering, wear and heat, making these chemicals an excellent choice for applications requiring high durability at varying temperatures and in different chemical environments. The foams presented very limited fire resistance indicating that as for synthetic polyurethane foams. 

Application – Segment Analysis

Coatings held the largest share in the Hybrid Non-Isocyanate Polyurethanes market in 2019. Hybrid Non-Isocyanate Polyurethanes used in protectived coatings are zero VOC, 100% solvent less, and have tested to be 30-50% more resistant to chemical degradation. Hybrid Non-Isocyanate Polyurethanes can be used with vinyl ethylene carbonate (VEC) to produce Hard and glossy clear coatings with good solvent resistance providing that the level of VEC in the copolymer was at an adequate level. 

End Use Industry – Segment Analysis

Paints and Coatings held the largest share in the Hybrid Non-Isocyanate Polyurethanes market in 2019. The growth is attributed due to 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 as well as paints and coatings industry. Growth in these markets were driven by urbanization, increase in disposable incomes, new house constructions and repainting activities. Increased consumer preferences towards high priced paints and coatings in countries such as China, India and South Korea were also responsible for the historical growth rates. Decorative/ architectural paints is the major segment which holds almost 40% of the market share. This sector is used to cover a wide spectrum of coating applications which is applied on steel, iron, aluminum as well as to glass, plastic and interior painting.

Geography - Segment Analysis

Asia Pacific dominates the Hybrid Non-Isocyanate Polyurethanes market with a share of more than 44%, followed by North America and Europe. The growth is attributed to the fast-growing construction industry, automotive and packaging industry. The availability of cheap raw material and labor in emerging economies is another significant factor leading to the growth of the markets. It has led to companies to move their manufacturing facilities to India, China, Japan and South Korea. It is expected that that public and private investment in commercial and residential projects would fuel demand for polyurethane resins during the forecast period. Environmental regulations related to VOC and isocyanate emissions, which are currently being strictly imposed by government agencies in Asian countries is further going to increase the demand for VOC-free products.

Drivers – Hybrid Non-Isocyanate Polyurethanes Market
  • Technologically advanced than conventional polyurethane will drive the Hybrid Non-Isocyanate Polyurethanes market:
Hybrid Non-Isocyanate Polyurethanes is a potential replacement for current polyurethanes that use isocyanates in their production, especially those that leave post-reaction free isocyanates in aerosolized forms. The unique formulation of hybrid non-isocyanate polyurethanes combines the best mechanical properties of polyurethane and chemical resistance properties of epoxy. 
Challenges – Hybrid Non-Isocyanate Polyurethanes Market
  • Durability can restrict the market:
Limited life is a significant disadvantage to polyurethane products. Polyurethane has hydroscopic features, that is to say characteristics of water absorption. Mattresses made of polyurethane absorb water and slowly disintegrate and lose supporting consistency. The same problem apply to polyurethane adhesives and sealants. It also adversely affects the durability of polyurethane paints when exposed to direct sunlight or organic solvents. 
 
Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Hybrid Non-Isocyanate Polyurethanes market. In 2019, the market of Hybrid Non-Isocyanate Polyurethanes has been consolidated by the top five players accounting for xx% of the share. Major players in the PPG Industries, Hybrid Coating Technologies, Nanotech Industries Inc, Stahl Industries B.V, Polymate Ltd, and others. 

Acquisitions/Technology Launches
  • In August 2016, PPG Industries launched coatings product utilizing Hybrid’s zero isocyanate Polyurethane technology. The company launched the product in an effort to bring more environmentally friendly green products to customers without compromising on performance.
1. Hybrid Non-Isocyanate Polyurethanes Market - Overview
        1.1 Definitions and Scope
2. Hybrid Non-Isocyanate Polyurethanes Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Hybrid Non-Isocyanate Polyurethanes Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Hybrid Non-Isocyanate Polyurethanes Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Hybrid Non-Isocyanate Polyurethanes Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Hybrid Non-Isocyanate Polyurethanes Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Hybrid Non-Isocyanate Polyurethanes Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Hybrid Non-Isocyanate Polyurethanes Market - By Product Type(Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
9. Hybrid Non-Isocyanate Polyurethanes Market - By Type(Market Size -$Million / $Billion)
9.1 Rigid Foam
9.2 Flexible Foam
9.3 Others
10. Hybrid Non-Isocyanate Polyurethanes Market – By End Use Industry(Market Size -$Million / $Billion)
10.1. Segment type Size and Market Share Analysis 
10.2. Application Revenue and Trends by type of Application
10.3. Application Segment Analysis by Type
10.3.1. Paints & Coatings
10.3.2. Adhesives & Sealants
10.3.3. Fiber-reinforced Composites
10.3.4. Others
11. Hybrid Non-Isocyanate Polyurethanes- By Geography (Market Size -$Million / $Billion)
        11.1 Hybrid Non-Isocyanate Polyurethanes Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Hybrid Non-Isocyanate Polyurethanes- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Hybrid Non-Isocyanate Polyurethanes- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Hybrid Non-Isocyanate Polyurethanes - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Hybrid Non-Isocyanate Polyurethanes - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Hybrid Non-Isocyanate Polyurethanes Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Hybrid Non-Isocyanate Polyurethanes Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at a global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Hybrid Non-Isocyanate Polyurethanes Market - Key Company List by Country Premium
15. Hybrid Non-Isocyanate Polyurethanes Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Hybrid Coating Technology
        15.3 Ppg Industries, Inc
        15.4 Company 3
        15.5 Company 4 & More
*Financials would be provided on a best efforts basis for private companies
16. Hybrid Non-Isocyanate Polyurethanes Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Hybrid Non-Isocyanate Polyurethanes Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends