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
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.
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.
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.
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.