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    Market size and development prospect analysis of China’s waterborne polyurethane (PU) industry in 2020

    Polyurethane (PU) is called polyurethane, which is an organic polymer material synthesized by the reaction of polyisocyanate (OCN-R-NCO) and polyol (HO-R-OH). Because the molecular structure contains multiple urethane groups (referred to as urethane), it is called polyurethane.

    Waterborne polyurethane is a new type of polyurethane system with water instead of organic solvent as the dispersion medium, also known as water-dispersible polyurethane, water-based polyurethane or water-based polyurethane. Water-based polyurethane uses water as a solvent, no pollution, safe and reliable, excellent mechanical properties, good compatibility, easy to modify and other advantages.

    1. Excellent polyurethane material performance and irreplaceability

    Polyurethane materials have excellent performance and are irreplaceable. Compared with rubber, polyurethane has better wear resistance and resistance to cutting and tearing. Compared with metal and plastic, polyurethane’s sound insulation and wear resistance are particularly outstanding.

    Characteristics of waterborne polyurethane

    The use of certain toxic solvents in the synthesis of polymer materials, but to ensure its recycling and reduce its residual rate in products, is also the research content of polymer green synthesis. The synthesis of waterborne polyurethane resin is a typical example in this regard. Waterborne polyurethane resin is a uniform emulsion formed by dispersing polyurethane in water. It has the advantages of non-combustible, low odor, non-polluting environment, energy saving, easy operation and processing, etc. It is widely used as adhesive and coating. Compared with solvent-based polyurethane adhesives, water-based polyurethane has the following characteristics:
    (1) Most waterborne polyurethane resins do not contain reactive NCO groups, so the resins are mainly cured by the cohesion and adhesion of polar groups in the molecule. The carboxyl groups and hydroxyl groups in the waterborne polyurethane can participate in the reaction under suitable conditions, so that the adhesive crosslinks.
    (2) Viscosity is an important parameter of adhesive performance. The viscosity of water-based polyurethane resin is generally adjusted by water-soluble thickener and water.
    (3) The water-based polyurethane resin has low odor, easy operation, and easy to clean the residual glue
    (4) Zero emission of hazardous chemical substances (VOC), free of chemical hazardous substances such as DMF
    水性聚氨酯

    2. The global polyurethane market will reach USD 93.1 billion in 2025

    According to the latest report of Global Market Insight, the global polyurethane market size was estimated at USD 59.5 billion in 2018. By 2025, the global polyurethane market size is expected to reach USD 93.1 billion, with a compound annual growth rate of 5.8% during the forecast period.

    聚氨酯

    3. The production and sales of polyurethane in my country continue to grow rapidly

    Since the 21st century, my country’s polyurethane production and sales have continued to grow rapidly. In 2019, my country’s polyurethane output reached 13.66 million tons, accounting for about 45% of global total output, and the consumption of polyurethane products reached 11.85 million tons. my country has now become the world’s largest polyurethane producer and one of the largest polyurethane markets.

    PU

    4. The profit scale of 10 companies in 2019 exceeds the 23.2 million mark

    In 2019, the total profit of all listed companies of polyurethane was 13.383 billion yuan, and the total profit of the top 10 companies accounted for 99.84%; there were 10 companies whose profit scale exceeded the 23.2 million yuan mark, and the top two companies exceeded 12.26035 million respectively. Yuan and RMB 235.55 million are Wanhua Chemical Group Co., Ltd. and Shandong Donghong Pipe Co., Ltd., respectively. Wanhua Chemical Group Co., Ltd. became the Chinese company with the largest polyurethane profit in 2019, with a profit of up to 12,260,357,600 yuan, followed by Shandong Donghong Pipe Industry Co., Ltd. with a profit of 235,554,300 yuan.

    5. The future market potential of waterborne polyurethane is huge

    At present, the output of polyurethane downstream products such as building materials, spandex, synthetic leather and automobiles ranks first in the world. The country is vigorously promoting water-based materials, implementing construction, home improvement, clothing, automobiles, shoe materials, new energy-saving policies and other measures, all of which are polyurethane The industry brings huge market opportunities. It is estimated that by 2025, the consumption scale of the Chinese polyurethane market will reach 18.28 million tons, with a compound annual growth rate of 7.8% from 2020 to 2025.

    2020年水性聚氨酯行业

    The above data comes from the “Forecast of China’s Polyurethane Industry Market Demand Forecast and Investment Strategic Planning Analysis Report” of the Foresight Industry Research Institute. At the same time, the Foresight Industry Research Institute provides industrial big data, industrial planning, industrial declaration, industrial park planning, industrial investment attraction and other solutions.