Global Nonisocyanate Polyurethane Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Nonisocyanate Polyurethane Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Nonisocyanate Polyurethane is a kind of polyurethane which is not used isocyanate as raw materials during the synthesis. Because it does not use high toxicity isocyanate in the synthesis process, nonisocyanate polyurethane is safe and non-toxic, which eliminate health and safety concern. Compared with isocyanate polyurethane, nonisocyanate polyurethane has a better chemical resistance and mechanical properties, stronger resistance to fragmentation, so it is widely used in adhesives & sealants, paints & coatings, and composites.

Market Overview:

The latest research study on the global Nonisocyanate Polyurethane market finds that the global Nonisocyanate Polyurethane market reached a value of USD 3.3 million in 2022. It’s expected that the market will achieve USD 4.78 million by 2028, exhibiting a CAGR of 6.37% during the forecast period.

Drivers

With the development of economy and technology, the increase environmental protection awareness, high requirement of downstream Polyester Materials, they are searching for more high performance raw material, and continuously expand the NIPU applications, including Adhesives & Sealants, Paints & Coatings, Composites industries etc.

Limitations

Reliance on technology is very high, but the current level of technology is difficult to meet the needs of large-scale mass production. Currently, there is a certain gap between the performance of the product and conventional polyurethane, resulting in the limited application of Nonisocyanate Polyurethane.
The chemicals industry is a highly regulated sector to protect the safety of workers, consumer health, and the environment. It is therefore subject to cumulative cost effects more than other sectors.
In Europe and America, the government supervision of high-tech industries is very strict, and high-end technologies are basically closed. It is difficult to form a national technical exchange and learning in the true sense. For the developing and backward countries, the technical shortcomings cause the NIPU hardly to mass produce.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

Dows is one of the major players operating in the Nonisocyanate Polyurethane market, holding a share of 56.78% in 2018. Plastics, chemicals, and agricultural products.

Processes and formulations for making Green Polyurethane™ in order to address continuous market demands for new applications. These developments also include nano-based methodologies.

Segmentation Overview:

Among different product types, Modified NIPU segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Paints & Coatings segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Nonisocyanate Polyurethane market covered in Chapter 3:

Hybrid Coating Technologies
Dows
Tianxudong
Nanotech Industries

In Chapter 4 and Chapter 14.2, on the basis of types, the Nonisocyanate Polyurethane market from 2018 to 2029 is primarily split into:

Linear NIPU
Cross-linked NIPU
Modified NIPU

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Nonisocyanate Polyurethane market from 2018 to 2029 covers:

Adhesives & Sealants
Paints & Coatings
Composites

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)