Hybrid Non Isocyanate Polyurethanes (HNIPU) Market

Global Hybrid Non-Isocyanate Polyurethanes (HNIPU) Market

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  • 11-11-2022
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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 Market Outlook

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

Details

Report Title

Hybrid Non-Isocyanate Polyurethanes (HNIPU) Market– Global Industry Analysis, Size, Share, Growth, Trends and Forecast

Base Year

2021

Historic Data

2019 & 2020

Forecast Period

2022–2030

Segmentation

By Type (Rigid Foam and Flexible Foam) and By Application (Paints & Coatings, Adhesives & Sealants, Fiber-reinforced Composites, and Others)

Regional Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered

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

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.

Hybrid Non-Isocyanate Polyurethanes (HNIPU) Market Type

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.

Hybrid Non-Isocyanate Polyurethanes (HNIPU) Market Application

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.

Hybrid Non-Isocyanate Polyurethanes (HNIPU) Market Region

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

  • Rigid Foam
  • Flexible Foam

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.
Hybrid Non-Isocyanate Polyurethanes (HNIPU) Market Key Players
Table of Contents
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hybrid Non-Isocyanate Polyurethanes Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Hybrid Non-Isocyanate Polyurethanes Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Hybrid Non-Isocyanate Polyurethanes Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Hybrid Non-Isocyanate Polyurethanes Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Hybrid Non-Isocyanate Polyurethanes Market Size & Forecast, 2015-2030
      4.5.1 Hybrid Non-Isocyanate Polyurethanes Market Size and Y-o-Y Growth
      4.5.2 Hybrid Non-Isocyanate Polyurethanes Market Absolute $ Opportunity
Chapter 5 Global Hybrid Non-Isocyanate Polyurethanes Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Hybrid Non-Isocyanate Polyurethanes Market Size & Volume Forecast By Type
      5.2.1 Rigid Foam
      5.2.2 Flexible Foam
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Hybrid Non-Isocyanate Polyurethanes Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Hybrid Non-Isocyanate Polyurethanes Market Size & Volume Forecast By Application
      6.2.1 Paints & Coatings
      6.2.2 Adhesives & Sealants
      6.2.3 Fiber-reinforced Composites
      6.2.4 Others
   6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Hybrid Non-Isocyanate Polyurethanes Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Hybrid Non-Isocyanate Polyurethanes Market Size & Volume Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario
Chapter 9 North America Hybrid Non-Isocyanate Polyurethanes Analysis and Forecast
   9.1 Introduction
   9.2 North America Hybrid Non-Isocyanate Polyurethanes Market Size & Volume Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Hybrid Non-Isocyanate Polyurethanes Market Size & Volume Forecast By Type
      9.6.1 Rigid Foam
      9.6.2 Flexible Foam
   9.7 Basis Point Share (BPS) Analysis By Type
   9.8 Absolute $ Opportunity Assessment By Type
   9.9 Market Attractiveness Analysis By Type
   9.10 North America Hybrid Non-Isocyanate Polyurethanes Market Size & Volume Forecast By Application
      9.10.1 Paints & Coatings
      9.10.2 Adhesives & Sealants
      9.10.3 Fiber-reinforced Composites
      9.10.4 Others
   9.11 Basis Point Share (BPS) Analysis By Application
   9.12 Absolute $ Opportunity Assessment By Application
   9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Hybrid Non-Isocyanate Polyurethanes Analysis and Forecast
   10.1 Introduction
   10.2 Europe Hybrid Non-Isocyanate Polyurethanes Market Size & Volume Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Hybrid Non-Isocyanate Polyurethanes Market Size & Volume Forecast By Type
      10.6.1 Rigid Foam
      10.6.2 Flexible Foam
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type
   10.10 Europe Hybrid Non-Isocyanate Polyurethanes Market Size & Volume Forecast By Application
      10.10.1 Paints & Coatings
      10.10.2 Adhesives & Sealants
      10.10.3 Fiber-reinforced Composites
      10.10.4 Others
   10.11 Basis Point Share (BPS) Analysis By Application
   10.12 Absolute $ Opportunity Assessment By Application
   10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Hybrid Non-Isocyanate Polyurethanes Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Hybrid Non-Isocyanate Polyurethanes Market Size & Volume Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Hybrid Non-Isocyanate Polyurethanes Market Size & Volume Forecast By Type
      11.6.1 Rigid Foam
      11.6.2 Flexible Foam
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type
   11.10 Asia Pacific Hybrid Non-Isocyanate Polyurethanes Market Size & Volume Forecast By Application
      11.10.1 Paints & Coatings
      11.10.2 Adhesives & Sealants
      11.10.3 Fiber-reinforced Composites
      11.10.4 Others
   11.11 Basis Point Share (BPS) Analysis By Application
   11.12 Absolute $ Opportunity Assessment By Application
   11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Hybrid Non-Isocyanate Polyurethanes Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Hybrid Non-Isocyanate Polyurethanes Market Size & Volume Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Hybrid Non-Isocyanate Polyurethanes Market Size & Volume Forecast By Type
      12.6.1 Rigid Foam
      12.6.2 Flexible Foam
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type
   12.10 Latin America Hybrid Non-Isocyanate Polyurethanes Market Size & Volume Forecast By Application
      12.10.1 Paints & Coatings
      12.10.2 Adhesives & Sealants
      12.10.3 Fiber-reinforced Composites
      12.10.4 Others
   12.11 Basis Point Share (BPS) Analysis By Application
   12.12 Absolute $ Opportunity Assessment By Application
   12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Hybrid Non-Isocyanate Polyurethanes Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Hybrid Non-Isocyanate Polyurethanes Market Size & Volume Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Hybrid Non-Isocyanate Polyurethanes Market Size & Volume Forecast By Type
      13.6.1 Rigid Foam
      13.6.2 Flexible Foam
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type
   13.10 Middle East & Africa (MEA) Hybrid Non-Isocyanate Polyurethanes Market Size & Volume Forecast By Application
      13.10.1 Paints & Coatings
      13.10.2 Adhesives & Sealants
      13.10.3 Fiber-reinforced Composites
      13.10.4 Others
   13.11 Basis Point Share (BPS) Analysis By Application
   13.12 Absolute $ Opportunity Assessment By Application
   13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
   14.1 Hybrid Non-Isocyanate Polyurethanes Market: Competitive Dashboard
   14.2 Global Hybrid Non-Isocyanate Polyurethanes Market: Market Share Analysis, 2021
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      14.3.1 PPG Industries, Inc.
      14.3.2 Stahl Holdings B.V.

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FAQ Section

Some frequently asked questions about this report!

Additional company profiles can be provided on request

According to this Growth Market Reports report, the hybrid non-isocyanate polyurethanes (HNIPU) market is likely to register a CAGR of 6.5% during the forecast period 2022-2030, with an anticipated valuation of USD 250.9 million by the end of 2030.

In addition to market size (in USD Million), Company Market Share (in % for base year 2021), volume, and Value have been provided in the report.

Growing demand from various industries, development of greener alternatives of isocyanate, significant benefits offered by hybrid non-isocyanate polyurethanes, and superior properties of hybrid non-isocyanate polyurethanes as compared to conventional polyurethanes are the factors expected to drive the market growth during forecast period.

Construction, automotive, chemical & materials, furniture & interiors, packaging, others are the major applications of hybrid non-isocyanate polyurethanes (HNIPU).

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The market is expected to be negative in 2019 and 2020 owing to the COVID 19 pandemic is impacted the global hybrid non-isocyanate polyurethanes (HNIPU) market.

The base year considered for the global hybrid non-isocyanate polyurethanes (HNIPU) Market report is 2021. The complete analysis period is 2019 to 2030, wherein, 2019, and 2020 are the historic years, and the forecast is provided from 2022 to 2030.

Factors such as environmental assessment, GDP, disposable income, government regulations, and research & development are analyzed in the final report.