Global Polyurethane Dispersions Market to reach USD 2.85 billion by 2027. Global Polyurethane Dispersions Market is valued approximately USD 1.79 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.89% over the forecast period 2021-2027. Polyurethane dispersions are high-performance coatings and adhesives made out of crystalline, hydrophobic polyester polyols, such as hexamethylene adipate, and aliphatic diisocyanatos. Polyurethane dispersions are extensively used polymers with a varied application, including paints, inks, coatings, adhesives, paper, and textiles. PUDs offer several advantages, including low viscosity, high molecular weights, and good film forming properties. They are also an excellent choice reducing the emission of instable organic compounds produced by organic solvents. Above mentioned advantages, coupled with the growth of end-use industries such as leather, paints and textile, are driving the Polyurethane Dispersions market. According to national investment promotion and facilitation agency of India, the domestic technical textile market for synthetic polymer was valued at $7.1 bn in 2020 and is expected to reach $11.6 bn by 2027, growing at 7.2%, while technical textile market for wovens is expected to grow at a CAGR of 7.4% to $15.7 bn by 2027, up from $9.5 bn in 2020. USA ranks among the top markets in the world by export value: $23 billion in 2018, according to government agency select USA. The growth of textile market will propel the demand from end-use industry for PUD. The fluctuating price of crude oil, from which the PUDs are derived may act as a restraint for its growth. However, PUDs are being used in many industrial and commercial applications nowadays since many governments have regulated the use of materials which emit volatile organic compounds (VOCs) and hazardous air pollutants (HAPs). This acts as an opportunity for Polyurethane Dispersions Market in subsequent decade.
Key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World are analysed to provide a holistic picture of Polyurethane Dispersions Market. Due to eco-friendly practices followed by textile manufacturers as well as higher per capita income, North America is a significant region across the world in terms of market share. Whereas, Asia-Pacific is expected to exhibit highest growth rate for the forecast period 2021-2027 owing to the growing demand from end-use industry and government support.
Major market player included in this report are:
Covestro AG
DSM
BASF
Wanhua Chemical Group
Lanxess
Stahl holdings
Perstorp
Dow Chemical Company
Huntsman Corporation
Mitsui Chemical
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Solvent-Free Polyurethane Dispersions
Low-Solvent Polyurethane Dispersions
By Application:
Paints & Coatings
Adhesives & Sealants
Leather Manufacturing & Finishing
Textile Finishing
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Polyurethane Dispersions Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors