Polyurethane Microspheres Market by Application and Geography - Forecast and Analysis 2022-2026

"The polyurethane (PU) microspheres market study is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and analyzing the year-over year growth of 8.31%  and CAGR 7.2% with USD 25.57 million  during the forecast period 2021 to 2026"

This polyurethane (PU) microspheres market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers polyurethane microspheres market segmentation by application (encapsulation, paintings and coatings, adhesives, and cosmetics) and geography (Europe, North America, APAC, Middle East, Africa, and South America). The polyurethane (PU) microspheres market report also offers information on several market vendors, including Asahi Kasei Corp., Bagavathiamman Hi-Tech Coatings, Chase Corp., Covestro AG, HEYO ENTERPRISES Co. Ltd., HOS Technik Vertriebs und Produktions GmbH, ICB PHARMA, Inesfly, KOLON LIFE SCIENCE, Koehler Paper SE, Lamberti SpA, Microchem, MikroCaps d.o.o, Sanyo Chemical Industries Ltd., Solvay SA, and TAGRA Biotechnologies Ltd. Download for Full Vendor List  

What will the Polyurethane (PU) Microspheres Market Size be During the Forecast Period?

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Parent Market Analysis

Technavio categorizes the global polyurethane (PU) microspheres market as a part of the global commodity chemicals market. Our Technavio Research categorizes the global polyurethane microspheres market belonging to the commodity chemicals industry as with the market. Our Research Report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth in the forecast year.   

Polyurethane Microspheres Market: Key Drivers, Trends, and Challenges

The growing demand for polyurethane adhesives from the building and construction industry is notably driving the polyurethane (PU) microspheres market growth, although factors such as environmental regulations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the polyurethane microspheres industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.

Key Polyurethane Microspheres Market Driver

Growing demand for polyurethane adhesives from the building and construction industry is one of the major drivers impacting the polyurethane (PU) microspheres market growth. Polyurethane adhesives offer quick curing and high strength qualities in the construction sector, making them a good choice for woodworking and other construction applications. They offer the necessary strength to hold building materials together. Furthermore, because the building's material is adaptable, it may be utilized on plastics, glass, PVFs, aluminium, stainless steel, and other metals and is not dependent on the bond substrate toughness. Increasing investments in the development of infrastructure in APAC and Central and South America have contributed to the demand for construction adhesives, especially from the commercial sector. The growth of the housing market in various countries in the above regions, such as India, Thailand, the Philippines, Indonesia, Peru, Colombia, Brazil, Mexico, and Chile, has led to an increase in the demand for adhesives from the residential and non-residential sectors. This is indicative of the growing investments by consumers in the housing market in these countries. Thus, with the rise in the demand for residential and non-residential properties, the demand for PU microspheres is also expected to grow during the forecast period.

Key Polyurethane Microspheres Market Trend

Increasing adoption of sustainable products is one of the major trends influencing the polyurethane (PU) microspheres market growth. The global bio-adhesives market is expected to grow at a CAGR of more than 13% during the forecast period. Bio-adhesives are free from formaldehyde and are made from 100% renewable plants or animal resources. The low volatile organic compound (VOC) in bio-adhesives compared with other petrochemical-based adhesives is expected to augment the adoption of bio-adhesives during the forecast period. Furthermore, the favorable policies by government bodies on bio-adhesives in consumer and industrial applications will lead to the potential growth of the market during the forecast period. Regulatory bodies such as the EU and the Food and Drug Administration (FDA) have imposed strict regulations to reduce the consumption of synthetic adhesives, mostly in food contact materials, which will significantly drive the growth of the bio-adhesives market in various end-user applications, especially in food and beverage packaging industries. Such factors are expected to reduce the growth of the global PU microspheres market owing to a decline in the dependency on PU adhesives across end-user applications during the forecast period.

Key Polyurethane Microspheres Market Challenge

Environmental regulations are one of the major challenges impeding the polyurethane (PU) microspheres market growth. Stringent government regulations over emission levels of volatile organic compounds (VOCs), which complement rising global awareness about the ill effects of such compounds and chemicals, are the major obstacles to the growth of the global market concerning the paints and coatings segment. Volatile organic compounds are released into the atmosphere when solvents and solvent-based coatings are dried, making them hazardous for both people and the environment. Also, they can lead to acid rains and global warming. Most governments across the world, especially in North America and Europe, have laid down stringent laws and regulations on releasing VOCs into the atmosphere. Paints and coatings manufacturers and technology providers must develop environmentally-friendly methods to sustain the market. Hence, polyurethane coating manufacturers are increasingly focusing on using regulation-compliant raw materials, including epoxy resins.

This polyurethane (PU) microspheres market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

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Who are the Major Polyurethane Microspheres Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Asahi Kasei Corp.
• Bagavathiamman Hi-Tech Coatings
• Chase Corp.
• Covestro AG
• HEYO ENTERPRISES Co. Ltd.
• HOS Technik Vertriebs und Produktions GmbH
• ICB PHARMA
• Inesfly
• KOLON LIFE SCIENCE
• Koehler Paper SE
• Lamberti SpA
• Microchem
• MikroCaps d.o.o
• Sanyo Chemical Industries Ltd.
• Solvay SA
• TAGRA Biotechnologies Ltd.

 

This statistical study of the polyurethane microspheres market encompasses successful business strategies deployed by the key vendors. The polyurethane (PU) microspheres market is fragmented and the vendors are deploying growth strategies such as strategically releasing new products, M&A, and corporate expansions to compete in the market.

Product Insights and News

• heyo.com - The company offers polyurethane microspheres that include UV curable and water-based varnishes, coating resins, and functional powder additives.
• heyo.com -  The company offers products for UV curable, varnishes, coating resins, and additives products.

The polyurethane (PU) microspheres market forecast report offers in-depth insights into key vendor profiles. The profiles include information on production, sustainability, technological developments in drug delivery, crop protection, and prospects of the leading companies.

Polyurethane Microspheres Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain, and parent market of polyurethane (PU) microspheres which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-end understanding of product insight and profit also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the Report.   

Which are the Key Regions for Polyurethane Microspheres Market?

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37% of the market’s growth will originate from Europe during the forecast period. Germany, the UK, and Russia are the key markets for polyurethane microspheres market in Europe. Market growth in this region will be faster than the growth of the market in APAC regions.

The growing number of residential and non-residential construction activities in countries such as the UK, Germany, Spain, Poland, and France will facilitate the polyurethane (PU) microspheres market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the PU microspheres market was negatively impacted in this region, owing to the spread of COVID-19. Governments of the countries of this region, such as the UK, Germany, Spain, Italy, and others, had to impose a lockdown in 2020, which resulted in the shutting down of several end-user production and construction facilities temporarily. However, in 2021, the success of vaccination drives across the region and the rise in investment inflows in the end-user industries led to the reopening of PU microspheres production plants and the resumption of construction activities across this region. As a result of these factors, the growth of the PU microspheres market in Europe is expected to propel during the forecast period.

What are the Revenue-generating Application Segments in the Polyurethane Microspheres Market?

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The polyurethane (PU) microspheres market share growth in the encapsulation segment will be significant during the forecast period. Encapsulation segment dominated the PU microspheres consumption and had the largest share of the PU microspheres market size in terms of value in 2021, owing to its widespread usage in diversified sectors such as pharmaceutical, paints, and coatings agrochemical, and other sectors. Encapsulants have a wide range of applications, especially in the paints and coatings sector.

This report provides an accurate prediction of the contribution of all the segments to the growth of the polyurethane microspheres market size and actionable market insights on post COVID-19 impact on each segment.

 

Polyurethane Microspheres Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 7.2%
Market growth 2022-2026	$ 25.57 million
Market structure	Fragmented
YoY growth (%)	8.31
Regional analysis	Europe, North America, APAC, Middle East and Africa, and South America
Performing market contribution	Europe at 37%
Key consumer countries	US, China, Germany, UK, and Russia
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Asahi Kasei Corp., Bagavathiamman Hi-Tech Coatings, Chase Corp., Covestro AG, HEYO ENTERPRISES Co. Ltd., HOS Technik Vertriebs und Produktions GmbH, ICB PHARMA, Inesfly, KOLON LIFE SCIENCE, Koehler Paper SE, Lamberti SpA, Microchem, MikroCaps d.o.o, Sanyo Chemical Industries Ltd., Solvay SA, and TAGRA Biotechnologies Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Polyurethane Microspheres Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive polyurethane microspheres market growth during the next five years
• Precise estimation of the polyurethane microspheres market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the polyurethane microspheres industry across Europe, North America, APAC, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of polyurethane microspheres market vendors

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