The upstream and downstream structure of the industrial chain and market development status of China's waterborne polyurethane industry in 2024

Upstream and downstream structure of waterborne polyurethane industry chain
The upstream mainly includes raw material suppliers, such as manufacturers of chemical raw materials such as polyols and isocyanates. These raw materials are key components in the manufacture of waterborne polyurethanes, and their quality and supply stability directly affect the performance and production costs of downstream products. Therefore, waterborne polyurethane manufacturers usually maintain a close relationship with upstream raw material suppliers to ensure a stable supply of raw materials and quality control.
The middle reaches are the manufacturing links of waterborne polyurethane. This link includes the production equipment, production process and quality control in the production process of waterborne polyurethane. Production enterprises need to have advanced production equipment and professional technical teams to ensure that the quality and performance of products meet market demand. At the same time, enterprises also need to pay attention to environmental protection and production safety issues in the production process to ensure compliance with relevant regulations and standards.
Downstream is the application of waterborne polyurethane, such as coatings, adhesives, leather, textile, paper, wood processing and other industries. These industries have different performance and application requirements for waterborne polyurethane products, so waterborne polyurethane manufacturers need to adjust product structure and formulation according to market demand to meet the needs of different customers. At the same time, enterprises also need to maintain close contact and communication with downstream customers, and timely understand market feedback and demand changes in order to carry out product improvement and innovation.

Market development status of waterborne polyurethane industry

In terms of market size, the global waterborne polyurethane market sales have achieved significant growth in recent years. The global waterborne polyurethane PUD market reached $1.673 billion in sales in 2022 and is expected to reach $2.498 billion by 2029, with a compound annual growth rate (CAGR) of 6.6%. In the Chinese market, the market size of the waterborne polyurethane industry has also shown a rapid growth trend. It is estimated that in 2022, China's waterborne polyurethane market size is 449 million US dollars, accounting for about 26.9% of the world, and is expected to reach 907 million US dollars by 2029, when the global share will reach 36.3%.
In terms of output, the production of water-based polyurethane in China is also steadily increasing. With the continuous progress of production capacity and production technology, the output of waterborne polyurethane continues to increase. By 2021, China's total production capacity of waterborne polyurethane resin has increased to 51.18 million tons.