The Global Hybrid Non-Isocyanate Polyurethanes (HNIPU) Market was valued at USD 143.3 Million in 2021 and is projected to reach USD 250.9 Million by 2030, expanding at a CAGR of 6.5% during the forecast period. Growing demand for non-toxic and non-hazardous products led to the development of non-isocyanate polyurethanes (NIPUs).
Hybrid non-isocyanate polyurethane (HNIPU) also called green polyurethane HNIPU is formed from a reaction between a mixture of mono/polycyclic carbonate and epoxy oligomers and aliphatic or cycloaliphatic polyamines with primary amino groups. Hybrid non-isocyanate polyurethanes have elements and properties such as high hydrolytic stability, high chemical resistance, adhesion, and reduced permeability that distinguish them from conventionalpolyurethanes in the market.
Hybrid Non Isocyanate Polyurethanes (HNIPU) Market Dynamics
Growing demand from various industries
Growing demand for hybrid non-isocyanate polyurethanes (HNIPU) from various industries, such as automotive, architecture, consumer goods, industrial flooring, medical, packaging, construction, and others, is driving the market. Hybrid non-isocyanate polyurethanes (NIPUs) were formulated for different systems, such as potting systems and conformal coatings, and thermal insulation foams, which are further used in manufacturing spacecraft.
Hybrid non-isocyanate polyurethanes have various applications, such as industrial flooring, sealants, chemical-resistant coatings, and glues, among others. This is expected to boost the hybrid non-isocyanate polyurethanes market during the forecast period.
Superior properties of hybrid non-isocyanate polyurethanes as compared to conventional polyurethanes
Hybrid non-isocyanate polyurethanes have elements and characteristics, such as high hydrolytic stability, high chemical resistance, adhesiveness, and reduced permeability. Hybrid non-isocyanate polyurethanes offer superior properties as compared to conventional/traditional polyurethanes. Favorable rules and regulations are imposed by the government to increase the awareness and benefits offered by hybrid non-isocyanate polyurethanes. These factors are boosting the market.
Availability of substitute products
Availability of polyurethanes as substitute products for hybrid non-isocyanate polyurethanes is hampering the market. Polyurethane chemicals have similar properties and offer significant benefits such as high tear resistance along with high tensile properties, resistance to water, oil & grease, electrical properties, wide resiliency range, strong bonding properties, and performance in harsh environments, which increases its demand among consumers. This factor is hampering the global hybrid non-isocyanate polyurethanes market.
Increasing funding and investment in R&D activities
Researchers and manufacturers are increasingly investing and funding research to boost the performance of hybrid non-isocyanate polyurethanes. Hybrid non-isocyanate polyurethanes manufacturers are continuously researching on improving the performance of chemicals sustainably. Growing demand for hybrid non-isocyanate polyurethanes among consumers for reducing carbon footprint is creating opportunities in the market.
Scope of Hybrid Non Isocyanate Polyurethanes (HNIPU) Market Report
The report on the Global Hybrid Non-Isocyanate Polyurethanes (HNIPU) Market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Hybrid Non-Isocyanate Polyurethanes (HNIPU) Market– Global Industry Analysis, Size, Share, Growth, Trends and Forecast
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Base Year
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2021
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Historic Data
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2019 & 2020
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Forecast Period
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2022–2030
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Segmentation
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By Type (Rigid Foam and Flexible Foam) and By Application (Paints & Coatings, Adhesives & Sealants, Fiber-reinforced Composites, and Others)
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Regional Scope
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North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered
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PPG Industries, Inc., Stahl Holdings B.V., Other
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Hybrid Non Isocyanate Polyurethanes (HNIPU) Market Segment Insights
Based on type, the global hybrid non-isocyanate polyurethanes (HNIPU) Market is bifurcated into rigid foam and flexible foam. The rigid foam (paint) application segment is expanding at a high CAGR during the forecast period due to rapid infrastructure growth, as it is used for construction and insulation. The flexible foam segment is expected to hold a substantial share of the market in the near future, due to the rising demand for furniture and footwear, which is expected to boost the segment.
By application, the hybrid non-isocyanate polyurethanes (HNIPU) market is classified as paints & coatings, adhesives & sealants, fiber-reinforced composites, and others. The paints & coatings segment held a key share of the hybrid non-isocyanate polyurethanes market in 2021 and is expected to expand during the forecast period.
Growing demand for paints & coatings from various industries such as furniture, automotive, construction, electronics, transportation, and packaging is driving the segment. Hybrid non-isocyanate polyurethanes offer heat and chemical resistance, which expands its applications in electronics products, thus driving the segment.
Regional Outlook
The market in North America is projected to expand during the forecast period. North America held a substantial share of the global market, owing to the presence of key market players and continuous investments in the expansion of businesses. The market in Asia Pacific is expected to expand at a significant pace during the forecast period, owing to the prominent share in terms of market expansion, due to growing disposable income and high demand from the regional architecture industry.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Hybrid Non-Isocyanate Polyurethanes (HNIPU) Market
- Historical, Current and Projected Market Size in terms of Value.
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Hybrid Non-Isocyanate Polyurethanes (HNIPU) Market Performance
Segments
Type
Application
- Paints & Coatings
- Adhesives & Sealants
- Fiber-reinforced Composites
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
- Top players in the market include PPG Industries, Inc, Stahl Holdings B.V., Others.
- The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunity for the global hybrid non-isocyanate polyurethanes (HNIPU) market.