Global Hybrid Non-Isocyanate Polyurethanes (HNIPU) Market by Type (Rigid Foam and Flexible Foam), by Application (Paints & Coatings, Adhesives & Sealants, Fiber-reinforced Composites, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030
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.
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Attributes |
Details |
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Report Title |
Hybrid Non-Isocyanate Polyurethanes (HNIPU) Market– Global Industry Analysis, Size, Share, Growth, Trends and Forecast |
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Base Year |
2021 |
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Historic Data |
2019 & 2020 |
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Forecast Period |
2022–2030 |
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Segmentation |
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 |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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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.
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
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.