Polyurethane Prepolymer Market to Reach US$ 605.2 Mn by 2027 - Coherent Market Insights

Published On : Aug 30, 2019

The global polyurethane prepolymer market was valued at US$ 388.5 Mn in 2018, according to Polyurethane Prepolymer Market Report, by Product Type (MDI-Based, TDI-Based, and Others), by Application (Coatings, Adhesives & Binders, Sealants, and Elastomers), and by Region (North America, South America, Asia Pacific, Europe, and Middle East & Africa) published by Coherent Market Insights.

The global polyurethane prepolymer market is projected to reach US$ 605.2 Mn by 2027, exhibiting a CAGR of 5.1% during the forecast period (2019-2027). The market is expected to witness significant growth over the forecast period, attributing to increasing demand from end-user applications worldwide. Furthermore, advantages offered by prepolymer process of polyurethane synthesis is expected to drive the market demand in the near future.

Polyurethane is conventionally synthesized by a one-step process, wherein raw materials such as isocynates and polyols are added along with other additives in one single system and polyurethane is produced. However, polyurethane production by two-step prepolymer technology has proved to be more beneficial over one-step process, which in turn is increasing demand for PU prepolymers. In two-step process, a prepolymer of polyurethane is first synthesized and then in the second step, final polyurethane polymer is produced where prepolymer are used as raw material.

Prepolymer synthesis offers various advantages to the final product. For instance, as per the research article, ‘Tailoring properties of polymeric biomedical foams’ published by journal of ‘Biomedical Foams for Tissue Engineering Applications’ in 2014, two-step prepolymerization process offers various advantages including increased PU viscosity (which favors better mixing of foam components), lower vapor hazard due to higher molecular weight, and reduction of undesired side reactions.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/polyurethane-prepolymer-market-3023

Browse 48 market data tables* and 33 figures* on "Polyurethane Prepolymer Market” - Global forecast to 2027.

Key Takeaways of the Market:

  • On the basis of application, adhesives & binders segment contributed for over 59.5% of the revenue share in the global polyurethane prepolymer market in 2018. Polyurethane prepolymer is used in formulation of adhesives. These adhesives offer high hardness, high tensile strength, and excellent adhesive strength. Polyurethane prepolymer adhesives can be used in moisture-cure systems, and mainly finds application in infrastructure activities such as roadway construction.
  • Asia Pacific accounted for the revenue share of over 48.1% in the global polyurethane prepolymer market in 2018, and is projected to maintain its dominance over the forecast period. Growth of end-use industries of PU prepolymer such as coatings, adhesives, and sealants is also expected to propel demand for PU prepolymer in the region. For instance, according to the report, ‘Facts & Figures 2014’, published by Association of the European Adhesive & Sealant Industry in 2015, the global market for adhesives and sealants reached a value of US$ 42.77 billion in 2014, with Asia Pacific accounting for the second largest share of 33.4%, with value of US$ 14297.85 million in 2014.
  • Moreover, according to the report, ‘Plastics – the Facts 2017’ published by Plastics Europe, Association of plastic manufacturers) in 2018, the global plastic materials production (combined production of thermoplastics and polyurethanes) was 280 million tons in 2016, of which the largest share of 50% was accounted by Asia Pacific, whereas 29% share was accounted by China alone. This scenario is expected to drive revenues for global polyurethane prepolymer market over the forecast period.
  • Major players operating in the global polyurethane prepolymer market are Covestro AG, DowDupont Inc., Huntsman Corporation, LANXESS AG, Isothane Ltd., Mitsui Chemicals Inc., Tosoh Corporation, and SAPICI S.p.A.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave, 
#3200 
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

Coherent Market Insights Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.