According to the current analysis of Reports and Data, the global hybrid non-isocyanate polyurethane market was valued at USD 4.9 Million in 2019 and is expected to reach USD 10.1 Million by the year 2027, at a CAGR of 9.5%.
Hybrid Non-Isocyanate Polyurethanes have elements and characteristics such as high hydrolytic stability, superior chemical resistance, adhesiveness, and reduced permeability as opposed to traditional polyurethanes in the market. HNIPUs also find applications in chemical-resistant coatings, industrial flooring, sealants, and glues, among others.
These polyurethanes, also called "Green Polyurethane," have been found to have high-performance characteristics in them without causing the health and safety issues associated with isocyanate and other materials. Hybrid Non-Isocyanate Polyurethanes is a material that is still under experimentation but has proved its applications in the coatings, indoor and outdoor paints and floorings, and packaging in between the others. Hybrid Coating Technologies has been developing hybrid non-isocyanate polyurethane (HNIPU) through its patented technology, and this is the only formulation in the world in today's era.
The synthesis of HNIPU is quite safe and flexible to use. Unlike any other conventional polyurethanes, Hybrid Non-Isocyanate Polyurethanes do not use isocyanate at any stage of production. Isocyanates are critical components used in the production of conventional polyurethane products such as coatings and foam. Exposure to these isocyanates is known to cause skin and respiratory problems and even death. Isocyanates are also toxic to the atmosphere and wildlife. When they are burned, they form toxic chemicals and corrosive fumes which include nitrogen oxides and hydrogen cyanide-like chemicals. Due to these hazards, isocyanates are being circulated by the EPA and other government bodies. HNIPU is processed from a reaction between the mixture of mono or polycyclic carbonate and epoxy oligomers and aliphatic/cycloaliphatic polyamines with primary amino groups. A cross-linked polymer is formed with β-hydroxy urethane groups of different structures and formations. The product's improved mechanical and chemical properties are finding its usage in the segment of paints, coatings, adhesives, sealants, flooring industries, etc. is cost-competitive compared to other conventional polyurethane and epoxy products.
The market is expected to rise globally at a moderate rate, due to the well-performing industries starting from building & construction, automotive, packaging, etc. Major players are identifying countries in the Asia-Pacific region as cheaper sources of raw materials and labor and are shifting their manufacturing bases to these specific regions. As a result, these countries such as China, Japan, South Korea, India, Taiwan, Malaysia, and Indonesia are constantly growing at a rapid pace as manufacturing hubs for many industries. High investments in residential and commercial construction and architecture will see increased demand for paints & coatings applications and also in adhesives and other materials, thereby increasing the demand for polyurethane resins.
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Top Key Players: PPG Industries and Nanotech Industries Inc.
Market Overview:
Consumers are placing higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had a considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
The adoption of digital technologies by oil, gas, and chemical firms has been fueled primarily by cost savings and greater reliability. Many organizations in these areas saw excellent benefits from advanced market sensing, improved operational optimization, and expanded usage of "in silico" simulations. Companies' existing digital technologies provided an advantage with the abrupt entrance of COVID-19 and the accompanying shutdown of facilities and worksites, but they were often insufficient for the level of remote working and cybersecurity that was suddenly required.
Type (Revenue, USD Million; Volume in Tons, 2017–2027)
- Rigid Foam
- Flexible Foam
Application (Revenue, USD Million; Volume in Tons, 2017–2027)
- Paints
- Coatings
- Adhesives
- Sealants
- Fiber-Reinforced Composites
- Others
End-Use (Revenue, USD Million; Volume in Tons, 2017–2027)
- Architectural
- Automotive Parts
- Medical
- Packaging
- Consumer goods
- Building and Construction
- Others
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The global Hybrid Non-Isocyanate Polyurethanes (HNIPU) markets are segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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Additionally, it highlights significant market segments and leading companies.
The analysis sheds light on the industry overview analyzing the aftereffects of COVID-19 pandemic in the vertical.A comprehensive evaluation of the restraints illustrates the drivers in the Hybrid Non-Isocyanate Polyurethanes (HNIPU) market and helps for strategic planning.
Hybrid Non-Isocyanate Polyurethanes (HNIPU) insights to a niche market by expert's remarks are taken to understand the market.Get Free Sample PDF (including Complete TOC, Tables and Statistics) of Hybrid Non-Isocyanate Polyurethanes (HNIPU) Market @ https://www.futuristicreports.com/request-sample/1374Hybrid Non-Isocyanate Polyurethanes (HNIPU) Industry MWE2arket Drivers Affecting:OpportunitiesRestraintsChallengesThe Hybrid Non-Isocyanate Polyurethanes (HNIPU) market report assesses industry and growing dynamic sector patterns and drivers.
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This Hybrid Non-Isocyanate Polyurethanes (HNIPU) report comprises the exact consequence identification required to understand the vertical precisely.The Hybrid Non-Isocyanate Polyurethanes (HNIPU) Market Report Covers These Companies:(PPG IndustriesHuntsmanNanotech Industries IncHybrid Coating Technologies)For Best Discount on Purchasing this Report Visit: https://www.futuristicreports.com/check-discount/1374Segmentation By Type:Rigid FoamFlexible FoamSegmentation By Applications:Paints & CoatingsAdhesives & SealantsFiber-reinforced CompositesOthersSegmentation By Regions:North America (The United States, Canada and Mexico)Europe (Germany, UK, France, Italy, Russia and Spain etc.
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Understanding the segments helps in identifying the importance of different factors that aid the market growth.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/100719/global-isopropyl-isocyanate-2021-332 Segment by TypePharmaceutical GradeReagent GradeSegment by ApplicationChemical ReagentsPharmaceutical IntermediatesOthersBy CompanyTCI JapanNovoChemyAlfa ChemistryXunteng International TradingHBCChem3B Scientific CorporationWaterstone TechnologyJ & K ScientificMeryer Chemical TechnologyBeiJing Hwrk ChemicalsShijiazhuang Sdyano Fine ChemicalProduction by RegionNorth AmericaEuropeChinaJapanConsumption by RegionNorth AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaU.A.EReasons to Purchase Our Research Report:1.
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