According to a recent market study published by Growth Market Reports, titled, “Hybrid Non-Isocyanate Polyurethanes (HNIPU) Market” by types and by end-users: Size, Share, Trends and Opportunity Analysis, 2019-2030”, the market was valued at USD 143.3 Million in 2021 and is expected to grow at a growth rate of 6.5% by the year 2030.

As per Growth Market Reports industry analyst Sakshi Bhoyar and Vineet Pandey “Hybrid Non-Isocyanate Polyurethanes (HNIPU) Market is anticipated to witness significant growth during the forecast period 2022-2030. Rising urbanization, industrial expansion & development, growing environmental concerns among customers, and rising number of green building construction projects are anticipated to fuel the hybrid non-isocyanate polyurethanes (HNIPU) market during the forecast period.

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Hybrid non-isocyanate polyurethanes, also called green polyurethanes, have high-performance properties without compromising the health and safety issues associated with isocyanates and other ingredients. Although the material is still under research, it has applications in coatings, interior and exterior paints, flooring, and packaging. Hybrid Coating Technologies has developed Hybrid Non-Isocyanate Polyurethane (HNIPU) through patented technology.

Key factors that are anticipated to fuel the demand for the global hybrid non-isocyanate polyurethanes (HNIPU) market during the forecast period, due to growing demand from various industries and significant benefits offered by hybrid non-isocyanate polyurethanes. Conversely, the availability of substitute products is hampering the growth of the market. Increasing funding and investment in R&D activities are creating lucrative opportunities for market players.

The value chain concept disaggregates a firm into the various activities it performs. Conceptualizing from the firm level, this concept has been applied to industries as a whole. The resulting unified merchant embedded computing value chain comprises activities such as strategy, defining scope, user documentation, marketing, implementation, training & certification, maintenance & support, subscription, licensing, and operations. Developers, outsourcing companies, resellers, marketing companies, and license issuers have different profit margins that vary depending on the material, product, sizes, and prices, offered by the company.

The primary as well as secondary research methodology is used for keen observation and study about the Global Hybrid Non-Isocyanate Polyurethanes (HNIPU) Market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments.

Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry. On the other-hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs.

Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

The COVID-19 pandemic has highlighted economic disparities in the global demand in the crises of global interdependence and governance challenges. Epidemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. According to the current pandemic situation, strict measures are required for monitoring the situation, which in turn, affect businesses causing unanticipated short and long-term effects.

Consequently, epidemics and pandemics are problems for individual market and an enhancement of existing dynamics and limitations. In the long-term, COVID-19 can serve as another opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and to reconfigure themselves regionally.

In current scenario, COVID-19 is hampering the production process of several manufacturing industries and businesses. Moreover, trade barriers are further reducing the demand-supply of various products and services. However, reduction in outdoor activities and social distancing has created lucrative opportunities for the market.

Key Takeaways from the Study

  • The players include PPG Industries, Inc, Stahl Holdings B.V., Others.
  • Based on type, the global hybrid non-isocyanate polyurethanes (HNIPU) market is segmented into the rigid foam and flexible foam. The growing adoption of flexible foam among customers is attributed to its increasing use in cushioning in a variety of consumer and commercial products such as furniture, textiles, carpet cushion, bedding, and fibers. The flexible foam segment is expected to grow during the forecast period, due to rising awareness related to the sustainability of hybrid non-isocyanate polyurethane among consumers. Moreover, consumer spending on construction activities and growing need for sustainable infrastructures such as furniture and sleeping products are boosting the market.
  • In terms of application, the global hybrid non-isocyanate polyurethanes (HNIPU) market is bifurcated into paints & coatings, adhesives & sealants, fiber-reinforced composites, and others. The paints & coating segment is anticipated to expand in the near future, due to rising investments in residential and commercial construction and architecture activities, thus raising the demand for HNIPU in paints & coatings applications.
  • The market in Asia Pacific is estimated to expand from 2022 to 2030, due to infrastructural development in the region. Rapid growth of the construction and chemical industries is propelling the hybrid non-isocyanate polyurethanes market in Asia Pacific. Countries, including China, Japan, India, South Korea, Taiwan, Malaysia, and Indonesia, are constantly growing as manufacturing hubs for many industries. Hence, the market in Asia Pacific is expected to expand at a significant CAGR during the forecast period.

Report Scope

Report Metric


Market Value in 2021

USD 143.3 Million

Market Growth Rate (from 2020 to 2028)


Historical Data

2019 & 2020

Base Year


Forecast Period

2021 – 2030

Units Considered

Value (USD Million)

Market Segments

by Type, by Application, and by Region

Key Companies Profiled

PPG Industries, Inc, Stahl Holdings B.V., Others.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Product Providers
  • Demand Side: Paints & Coatings, Adhesives & Sealants, Fiber-reinforced Composites, and Others.
  • Regulatory Side: Concerned government authorities, and other regulatory bodies.
  • Associations and Industry Bodies: United States Environmental Protection Agency and others.