Polyurethane Dispersions Market to Witness Robust Expansion by 2025
November 4th,2022/Industry News Global/ -- The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Polyurethane Dispersions Market.
Polyurethane Dispersions Market report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
Polyurethane dispersions market is likely to witness an impressive CAGR of 9% during the forecast period.
Drivers
- The surge in demand and production of automotive, expanding construction industry after subprime and Euro-debt crises, high prospects from the textile and leather industry,
- The expanding range of applications is the prime factor that are driving the growth of the global polyurethane dispersions market.
Request a Sample here: https://www.stratviewresearch.com/Request-Sample/575/polyurethane-dispersions-market.html#form
What are Polyurethane dispersions?
Polyurethane dispersions are actually polymer resins. There are two types of resins among which one is dispersible in water while the other is dispersible in a solvent. Polyurethanes with the functionality of carboxylic acid are synthesized to get this resin. These are used in a number of applications such as different types of coatings, and also anticorrosive uses.
Segment Analysis
By Type
The market is segmented into water-based polyurethane dispersions and solvent-based polyurethane dispersions. The water-based polyurethane dispersions segment is estimated to be the larger and faster-growing segment in the coming five years. Moreover, water-based polyurethane dispersions are versatile and environmentally friendly coating materials that are employed in an extensive range of film hardness and solid content.
They do not contain free isocyanate residuals and deliver high-blocking resistance, weather resistance, long-term flexibility, UV resistance, and high abrasion resistance.
By Application Type
The market is segmented as coatings, adhesives & sealants, synthetic leather production, fiberglass sizing, and others. The synthetic leather production segment is estimated to be the fastest-growing application during the forecast period. This growth is attributed to the major industrial manufacturers who are employing synthetic leather in footwear, handbags, apparel, automotive, interior, and other sectors.
Further, PUD synthetic leather offers low volatile organic compounds and has environmental friendliness. High-solid polyurethane dispersions enable it to economically yield synthetic leather without the usage of solvents. Thus, the increasing production of synthetic leather demands for a high amount of polyurethane dispersions which ultimately bolsters the PUDs market for this application.
By Region
Asia-Pacific is the largest market for polyurethane dispersions and it is also expected to witness the highest growth during the forecast period.
China and India are the growth engines of the region. The market is driven by the growing demand from various end-use industries, such as coatings, leather production, and adhesives in the region. Rapid development in infrastructure and rising demand for coatings and adhesives in various end-use industries, such as automobile, textile, and leather are anticipated to drive the PUDs market in this region during the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. It is a global market intelligence firm providing a wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
Contact: Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176