Polyurethane Dispersion Market trends research and projections for 2019 - 2025

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Polyurethane Dispersion Market expected to grow
strongly by 2025
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Global Market Scenario of Polyurethane
Dispersion Industry

• On the basis of type, polyurethane dispersion
  market is categorized into two types i.e., water
  based, and solvent based. Water based PUD are
  preferred over solvent-based products due to
  their eco-friendly nature and are predominately
  used for various applications such as adhesives,
  graphic arts, textiles, etc.
• This is mainly because of its low solvent or
  solvent-free content, low odor, low viscosity at
  high molecular weights, and low temperature
  drying. This makes it favorable for various
  applications such as coatings, adhesives
  sealants, leather finishings, etc.
• The Polyurethane Dispersion Market is rapidly
  increasing owing to the rising demand from
  interior and furniture industries, rising
  automotive sector, and increasing consumption of
  leather products among consumers. The leather
  demand is mainly driven by the fashion footwear
  industry along with its use in lucrative luggage
  bags. Increasing purchasing power along with
  trending fashion has led to a rise in demand for
  leather products.
• Polyurethane dispersion or PUD possesses
  exceptional properties such as high tensile
  strength, extreme temperature durability, high
  elasticity and high abrasion resistance, that is
  especially used for coating in wood and leather
  finishes, PVC concrete floor tops and textile
  coatings. These factors will upsurge the demand
  for polyurethane dispersion in the near future.

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• Regional Trends-
• Asia Pacific is projected to grow with a
  significant rate in the polyurethane dispersion
  market owing to rising automotive industry in
  developing countries such as China, India, and
  Indonesia. Moreover, low labor cost and
  manufacturing cost in addition various government
  favoring policies in the region will encourage
  the growth of the end-use sectors.
• For instance, Make in India is an Indian
  government initiative to encourage the
  manufacturing sector and attract FDI in the
  country. This will boost the product demand in
  the region over the coming years. Moreover,
  growing footwears bags industry along with the
  developments in fashion sector will create demand
  for leather in the region, and China being the
  largest producer of leather will bolster the
  demand for PUD for various leather finishing
  applications.

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• Competitive Trends
• Some of the important players in polyurethane
  dispersion market are Michelman, Inc., The
  Lubrizol Corp, Mitsui Chemicals Inc., Lamberti
  S.p.A., Perstorp Holding AB, LANXESS AG,
  Hauthaway Corporation, Alberdingk Boley GmbH,
  Chase Corporation, Allnex, Covestro AG, VCM
  Polyurethanes pvt. ltd, Chemtura Corporation,
  DowDuPont, Inc., BASF SE, and. Cytec Industries,
  Inc.

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