Hybrid Non-Isocyanate Polyurethanes Market size is forecast to reach $8.12 million by 2025, after growing at a CAGR of 10.3% during 2020-2025. Hybrid Non-Isocyanate Polyurethanes industry is projected to augment due to its superior properties such as high hydrolytic stability, superior chemical resistance, adhesiveness, and reduced permeability as compared to conventional polyurethanes. Hybrid non-isocyanate polyurethanes are ideal choice for numerous applications including crack-resistant composite materials, chemical resistant coatings, industrial floorings, sealants, glues, and many others. Non-isocyanate Green Polyurethane foam can be used for many industrial and commercial applications.

Key Takeaways
Asia Pacific dominates the Hybrid Non-Isocyanate Polyurethanes market owing to well performing industries such as building and construction, automotive, packaging and others.

Hybrid Non-Isocyanate Polyurethanes is a potential replacement for current polyurethanes that use isocyanates in their production, especially those that leave post-reaction free isocyanates in aerosolized forms market during forecast period.

The market drivers and restraints have been assessed to understand their impact over the forecast period. The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.

The other key areas of focus include the various applications in Hybrid Non-Isocyanate Polyurethanes Market and their specific segmented revenue.

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Application – Segment Analysis

Coatings held the largest share in the Hybrid Non-Isocyanate Polyurethanes market in 2019. Hybrid Non-Isocyanate Polyurethanes used in protectived coatings are zero VOC, 100% solvent less, and have tested to be 30-50% more resistant to chemical degradation. Hybrid Non-Isocyanate Polyurethanes can be used with vinyl ethylene carbonate (VEC) to produce Hard and glossy clear coatings with good solvent resistance providing that the level of VEC in the copolymer was at an adequate level.

Geography - Segment Analysis

Asia Pacific dominates the Hybrid Non-Isocyanate Polyurethanes market with a share of more than 44%, followed by North America and Europe. The growth is attributed to the fast-growing construction industry, automotive and packaging industry. The availability of cheap raw material and labor in emerging economies is another significant factor leading to the growth of the markets. It has led to companies to move their manufacturing facilities to India, China, Japan and South Korea. It is expected that that public and private investment in commercial and residential projects would fuel demand for polyurethane resins during the forecast period. Environmental regulations related to VOC and isocyanate emissions, which are currently being strictly imposed by government agencies in Asian countries is further going to increase the demand for VOC-free products.

Drivers – Hybrid Non-Isocyanate Polyurethanes Market
Technologically advanced than conventional polyurethane will drive the Hybrid Non-Isocyanate Polyurethanes market:
Hybrid Non-Isocyanate Polyurethanes is a potential replacement for current polyurethanes that use isocyanates in their production, especially those that leave post-reaction free isocyanates in aerosolized forms. The unique formulation of hybrid non-isocyanate polyurethanes combines the best mechanical properties of polyurethane and chemical resistance properties of epoxy.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Hybrid Non-Isocyanate Polyurethanes market. In 2019, the market of Hybrid Non-Isocyanate Polyurethanes has been consolidated by the top five players accounting for xx% of the share. Major players in the PPG Industries, Hybrid Coating Technologies, Nanotech Industries Inc, Stahl Industries B.V, Polymate Ltd, and others.

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