Global polyurethane dispersions market expected to reach USD 2.13 billion in 2021, growing at a CAGR of 6.5% between 2016 and 2021.
Sarasota, FL -- (SBWIRE) -- 09/29/2017 -- Zion Market Research has published a new report titled "Global Polyurethane Dispersions Market by Product (Solvent Based Dispersion and Water-Based Dispersion) for Coatings, Synthetic Rubber, Leather Production, Textile Finishing, Adhesives & Sealants and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021". According to the report, global polyurethane dispersions market was valued at USD 1.46 billion in 2015 and is expected to reach USD 2.13 billion in 2021, growing at a CAGR of 6.5% between 2016 and 2021.
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Polyurethane dispersions are the polymers containing organic chains linked by urethane polymers. Polyurethanes dispersions are classified as thermosetting polymers and thermoplastic polymers. Low density, flexibility, durability, resistance to abrasion & fatigue, strength are important characteristics of polyurethane dispersions. Water-based polyurethanes and solvent based polyurethanes are the product segments of polyurethane dispersions market. Water-based polyurethanes dispersions being eco-friendly has outclassed solvent based polyurethanes dispersions market. Polyurethanes dispersion is the two-component technology that involves the dispersion of polyurethanes into the liquefying agents.
The most dominant segment for polyurethane dispersion is used in coatings. Textile, automobile, construction, leather industries, aerospace, furniture are the main sectors for polyurethanes dispersions application. Polyurethanes are characterized with flexibility, durability, resistance to abrasion & fatigue, strength; hence have major applications in coatings. Textile finishing, leather production and finishing, paper coating, ink dispersions are the other applications for polyurethane dispersions market. Construction and automobile are other major segments of polyurethanes dispersions market. Adoption of new trends in construction market is another driving factor for adhesives & sealants market. On account of unique properties polyurethanes, dispersions also have great applications in insulation, fiber optics, elastomers and other applications.
Global polyurethane dispersions market is expected to reach USD 2.13 by the year 2021 owing to the major application in coatings segment at the CAGR of 6.5%. A specialty coating is another important application segments. Polyurethane dispersions are the ideal material with significant performance with growing environmental regulations on low volatile organic compounds (VOC), in turn growing the coating applications in polyurethane dispersions market. Adhesives on the polyurethane dispersions are used for laminating foot panels of furniture, automobile interior parts and also for sealing of shoe soles.
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In terms of demand, Asia-Pacific was the largest regional segment of the global polyurethane dispersions market in 2015. It is expected to be the fastest and highest growing market for polyurethane dispersion. The highest growth is witnessed as a result of economic expansion, rapid industrialization and growing infrastructure in this region. Economic growth of the region is expected to increase the demand for polyurethane market. Leap in the demand for polyurethane dispersion market is vigorous in this region owing to rapid development in the segments of coatings, adhesives, leather production etc. with China being the most dominating market. In developing economies such as India, Germany, France, China and Italy the polyurethane dispersion market is expected to take a leap in the forecast period. North America and Europe are expected to witness the boost in the market owing to the industrial expansion and growing infrastructure.
Key players in the global polyurethane dispersions market include Mitsui Chemicals Inc., Alberdingk Boley GmbH, Chemtura Corporation, Covestro AG, COIM, Lamberti SPA, The Dow Chemical Company, ICAP-SIRA Chemicals, BASF SE, Chase Corporation
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This report segments the global polyurethane dispersions market as follows:
Global Polyurethane Dispersions Market: Product Segment Analysis
Global Polyurethane Dispersions Market: Application Segment Analysis
Adhesives & Sealants
Global Polyurethane Dispersions Market: Regional Segment Analysis
The Middle East & Africa