Title: Polyurethane Dispersions Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2022 - 2027
1Polyurethane Dispersions Market Market size,
Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2021-2026
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- Polyurethane Dispersions Market size is forecast
to reach 2.8 billion by 2027, after growing at
a CAGR of 7.2 during 2022-2027. PUD stands for
polyurethane dispersion, which is a polyurethane
polymer resin distributed in water rather than a
solvent. The growth of the market is due to
rising demand from textile, leather coatings,
automotive sector, paint coatings, and others.
The demand for leather products is mainly driven
by consumer goods as leather is used to
manufacture footwear, handbags, and others which
are estimated to drive the consumption of
polyurethane dispersions. Water-based
polyurethane dispersion consists of a low
volatile organic compound thus, these are widely
used in the automotive industry for paints.
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- Key Takeaways
- Asia-Pacific dominated the polyurethane
dispersions market due to rapid growth in the
automotive sector as well as leather, textile,
and others industries in developing and emerging
Asian countries. - Increasing implementation of various stringent
environmental regulations on reduction of high
volatile organic compound (VOC) emissions is
driving the market demand of polyurethane dispersi
ons market. - However, the volatility of crude oil prices may
hamper the market growth. Polyols are a
petrochemical product that is used to manufacture
polyurethane dispersions. -
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By Distribution Channel- Segment Analysis Paints
and coatings held the largest share of the global
polyurethane dispersion in 2021 and are growing
at a CAGR of 7.4 during 2022-2027. Polyurethane
dispersions are used in paints due to low
volatile organic compound emission, excellent
durability, high abrasion resistance, and absence
of harmful monomers. Hence, the increasing
automotive production is estimated to grow the
demand for paints which, in turn, is estimated to
boost the polyurethane dispersions
consumption. According to the European Automobile
Manufacturer Association (ACEA), the automotive
sector is a major investor in RD in Europe,
which has increased by 6.7 to reach 57.4
billion (US 64.25 billion) annually as of 2019.
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- Polyurethane Dispersions Market
Outlook - Dow Chemical Company
- BASF SE
- Mitsui Chemical Inc.
- Covestro AG
- Huntsman Corporation
- Lubrizol Corporation
- Cytec Solvay Group
- Perstorp AB
- Chase Corporation
- Lamberti SPA
- Rudolf GMBH
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Polyurethane Dispersions Market - Forecast
2022 - 2027 Learn More About the Report _at_
https//www.industryarc.com/Research/Polyurethane
-Dispersions-Market-Research-500467
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- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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