The global polyurethane dispersions (PUDs) market size, in terms of value, is projected to reach $2.04 Billion by 2020, at a CAGR of 6.8% between 2015 and 2020.
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In terms of volume, the market is projected to reach 402.3 kilotons by 2020, at a CAGR of 5.1% during the forecast period
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The diverse product portfolio and strategically positioned R&D centers, continuous adoption of development strategies, and technological advancements are few factors that are responsible for strengthening the market position of these companies in the market. They have been adopting various organic and inorganic growth strategies such as expansions, mergers & acquisitions, joint ventures & collaborations, and new product launches to enhance the current market scenario of polyurethane dispersion.
The companies such as
- The Dow Chemical Company (U.S.),
- Mitsui Chemicals (Japan),
- BASF SE (Germany),
- COIM (Italy),
- Covestro AG (Germany),
Also Chase Corporation (U.S.), and Cytec Industries (U.S.) are the dominant market participants in the global polyurethane dispersions market.
The high potential from the textile and leather industry, increasing global demand for automotive and continuous expansion, and merger & acquisition activities undertaken by different companies are the key factors for the growth of the global polyurethane dispersions market.
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Table of Contents
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered in the Report
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
220.127.116.11 Key Data From Secondary Sources
2.1.2 Primary Data
18.104.22.168 Key Data From Primary Sources
22.214.171.124 Key Industry Insights
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Market Share Estimation
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Polyurethane Dispersions Market
4.2 Polyurethane Dispersions Market, By Types
4.3 Polyurethane Dispersions Market Share, 2014
4.4 Polyuerthane Dispersions Market Attractiveness
4.5 Polyurethane Dispersions Market: Developing vs Developed Nations
4.6 Lifecycle Analysis, By Region
5 Market Overview
5.3 Market Segmentation
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The water-based PUDs are projected to be the largest and fastest-growing type of polyurethane dispersions between 2015 and 2020. The water-based PUDs are of great importance due to their extraordinary characteristics of containing lower levels of volatile organic content (VOC).
Further, water-based PUDs are versatile and environmentally friendly coating materials that are available in a wide range of film hardness and solid content. They contain no free isocyanate residuals and possess high blocking resistance, weather resistance, long-term flexibility, UV resistance, and high abrasion resistance.
Owing to all the required characteristics of coating materials water-based PUDs are considered to be rapidly growing segment of the polyurethane coating industry.
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The synthetic leather production application is the fastest-growing application in the global polyurethane dispersion market. This is due to the major industrial manufacturers are using synthetic leather in footwear, handbags, apparels, automotive, interior, and other sectors.
More importantly, the PUD synthetic leather is low in volatile organic compound and is environmentally friendly. High solid polyurethane dispersions make it possible to economically produce synthetic leather without the use of solvents.
Thus, the growing production of synthetic leather requires high amount of polyurethane dispersions which ultimately drive the PUDs market for this application.
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