Polyurethane Dispersion Market Synopsis
The global polyurethane market is presumed to garner USD 1,237.4 million with 6.28 % CAGR during the forecast period (2015-2023), owing to the continued growth of the automotive sector, asserts Market Research Future (MRFR). Polyurethane (PUD) is an anionic and aqueous dispersion having high molecular weight. It can be either derived from aromatic or aliphatic isocyanate and can be produced with or without emulsifiers. PUD possesses properties such as high abrasion resistance, superior tensile strength, extreme temperature durability, and high elasticity which can be used in wood and leather finishes, textile coatings, and concrete floor coverings.
Latest Innovations / Industry News
October 10, 2018: Covestro, one of the leading polymer companies have developed Baycusan eco E 1000. It is a film-forming polyurethane (PU) dispersion for hairstyling products which contains carbon content based on 58 percent biomass and achieves the high-performance level of synthetic acrylate polymers.
Polyurethane Dispersion Market Key Players
Some of the prominent players operating in the Global Polyurethane Dispersion Market are Mitsui Chemicals, Inc. (Japan), Cytec Solvay Group (U.S.), The Dow Chemical Company (U.S.), BASF SE (Germany), Covestro AG (Germany), The Lubrizol Corporation (U.S.), Alberdingk Boley GmbH (Germany), LANXESS (Germany), ICAP-SIRA Chemicals and Polymers S.p.A. (Italy), and Lamberti S.p.A. (Italy) among others.
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Polyurethane dispersion Rising demand for automotive paints will boost the growth of the global market
Polyurethane dispersion based paints & coatings exhibit properties such as color intensity, gloss, hiding power, light fastness and weathering resistance that can be maximized by utilizing. They have major applications in residential and non-residential properties, automotive components, and industrial machinery.
Some of the prominent factors that positively influence the growth of polyurethane dispersion market are increasing refineries owing to the demand for coatings which are resistance to acid, alkali, detergents and lubricants in chemical plants, and rising demand for UV protection coatings for aircraft carriers. Increasing urbanization along with the rising per capita disposable income in the developed and emerging economies are predicted to drive the growth of the market over the forecast period, 2017 to 2023.
New coatings and surface treatments based on nanotechnology incorporated into polyurethane dispersion, which will make the use of wood in construction increasingly practical and economic. Moreover, continuous expansion of automotive sector as well as shifting manufacturers focus towards paints which are resistant to acid and detergent washes, bird droppings, leaves for vehicles are estimated to fuel the growth of the market during the review period, 2017 to 2023. However, growing environmental concern regarding the toxic effect of chemicals used in polyurethane dispersion along with the implementation of strict regulations are predicted to hinder the market growth over the assessment period, 2017 to 2023.
Polyurethane Dispersion Market Regional Analysis
In Europe, Germany, Russia, and Spain are predicted to register a strong growth on account of tremendous demand for polyurethane dispersion in automobile manufacturing. In Asia Pacific, countries such as China, India, and South Korea are the fastest growing market for polyurethane dispersion, and is estimated to grow with the same pace over the forecast period. Improving living standards along with the flourishing growth of sludge oil treatment sector is predicted to contribute to the regional market growth. In North America, U.S. and Mexico are among the major contributors in the regional market growth due to expansion of offshore and onshore activities will ensure the use of polyurethane dispersion coating for industrial machinery as well as increasing innovations. The Middle East & African countries are focusing newly on tourism & travel industry will ensure the utilization of polyurethane dispersion coatings in various construction projects. In Latin America, Mexico is expected to register strong growth due to robust presence of automobile manufacturers.
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Polyurethane Dispersion Market Segments
The global polyurethane dispersion market is categorized on the basis of dispersion type, end use industry, and region. On the basis of dispersion type, the market is bifurcated into water and solvent dispersion. On the basis of end use industry, the polyurethane dispersion market is categorized into oil & gas, automotive, wood & furniture, textiles, construction, footwear, and others. On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
TABLE OF CONTENTS
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining power of buyers
4.1.3 Threat of substitutes
4.1.4 Segment rivalry
4.2 Value Chain/Supply Chain of Global Polyurethane Dispersions Market
5 Industry Overview of Global Polyurethane Dispersions Market
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