China Solvent-free Polyurethane Market Global Outlook and Forecast 2024-2030

The China Solvent-free Polyurethane market size was valued at US$ 2.73 billion in 2024 and is projected to reach US$ 4.12 billion by 2030, at a CAGR of 7.1% during the forecast period 2024-2030.
Solvent-free Polyurethane refers to polyurethane systems that do not contain volatile organic compounds (VOCs) or other solvents, offering environmental and health benefits while maintaining high performance in various applications such as coatings, adhesives, and sealants.
China's Solvent-free Polyurethane market is experiencing robust growth, driven by stringent environmental regulations and increasing awareness of indoor air quality. In 2023, China produced 1.2 million metric tons of solvent-free polyurethane, with 80% consumed domestically and 20% exported. The construction industry remains the largest consumer, accounting for 45% of demand, followed by automotive at 25% and furniture at 20%. The market saw a significant boost from China's green building initiatives, which led to a 28% increase in demand for low-emission coatings and adhesives in 2023. Technological advancements have improved cure speeds and application properties, with new formulations achieving 40% faster curing times compared to 2020 versions, enhancing productivity in manufacturing processes. The market is witnessing strong growth in water-based polyurethane systems, increasing at 10% annually, driven by their ease of use and environmental benefits. In 2023, new regulations on indoor air quality led to a 35% increase in adoption of solvent-free polyurethanes in residential construction. The industry faces challenges from higher initial costs compared to solvent-based systems, but the long-term benefits and regulatory compliance are driving adoption. Emerging applications in 3D printing are showing promise, with solvent-free polyurethane resins for additive manufacturing growing at 25% CAGR, albeit from a small base of 3% market share. Looking forward, the market is expected to benefit from the rapid expansion of China's electric vehicle industry, with solvent-free polyurethane components for EV batteries and interiors projected to grow at 15% CAGR through 2030. The development of bio-based and recyclable solvent-free polyurethanes is also gaining traction, with circular economy initiatives driving a 50% increase in R&D investments in this area in 2023.

This report contains market size and forecasts of Solvent-free Polyurethane in China, including the following market information:
•    China Solvent-free Polyurethane Market Revenue, 2019-2024, 2024-2030, ($ millions)
•    China Solvent-free Polyurethane Market Sales, 2019-2024, 2024-2030,
•    China Top five Solvent-free Polyurethane companies in 2023 (%)

Report Includes

This report presents an overview of China market for Solvent-free Polyurethane , sales, revenue and price. Analyses of the China market trends, with historic market revenue/sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.

This report focuses on the Solvent-free Polyurethane sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the China Solvent-free Polyurethane market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.

This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.

Segment by Type

•    Monocomponent
•    Bi-component

Segment by Applications

•    Adhesive
•    Coating
•    Other

Key Companies covered in this report:

•    Wanhua Chemical Group Co., Ltd.
•    Covestro Polymers (China) Co., Ltd.
•    Huntsman Corporation China
•    BASF SE (China)
•    NPU (Nantong Polyurethane Industry Co., Ltd.)
•    Guangzhou Baxiongdi New Material Co., Ltd.
•    Shanghai Dongda Polyurethane Co., Ltd.
•    Jiangsu Meilan Chemical Co., Ltd.
•    Zhejiang Hengtaiyuan Polyurethane Co., Ltd.
•    Shandong Dongda Inov Polyurethane Co., Ltd.

Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:
•    Key companies Solvent-free Polyurethane revenues in Chinan market, 2019-2024 (Estimated), ($ millions)
•    Key companies Solvent-free Polyurethane revenues share in Chinan market, 2023 (%)
•    Key companies Solvent-free Polyurethane sales in Chinan market, 2019-2024 (Estimated),
•    Key companies Solvent-free Polyurethane sales share in Chinan market, 2023 (%)

Key Indicators Analysed
•    Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2019-2030 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
•    Chinan Market Analysis: The report includes Chinan market status and outlook 2019-2030. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
•    Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
•    Opportunities and Drivers: Identifying the Growing Demands and New Technology
•    Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Benefits of This Market Research:
•    Industry drivers, restraints, and opportunities covered in the study
•    Neutral perspective on the market performance
•    Recent industry trends and developments
•    Competitive landscape & strategies of key players
•    Potential & niche segments and regions exhibiting promising growth covered
•    Historical, current, and projected market size, in terms of value
•    In-depth analysis of the Solvent-free Polyurethane Market
•    Overview of the regional outlook of the Solvent-free Polyurethane Market

Key Reasons to Buy this Report:

•    Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
•    This enables you to anticipate market changes to remain ahead of your competitors
•    You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations or other strategic documents
•    The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
•    Provision of market value (USD Billion) data for each segment and sub-segment
•    Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
•    Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
•    Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
•    Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
•    The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
•    Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
•    Provides insight into the market through Value Chain
•    Market dynamics scenario, along with growth opportunities of the market in the years to come
•    6-month post-sales analyst support

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•    Germany Solvent-free Polyurethane Market 
•    South Korea Solvent-free Polyurethane Market 
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•    Brazil Solvent-free Polyurethane Market

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