Polyurethane Dispersion Market Research 2022-2030
The global polyurethane dispersion market, as per the analysis of MRFR in their recent report, can exceed USD 1,237.4 million valuation, with 6.28% CAGR, over the forecast period (2015-2023). Polyurethane dispersion aqueous and anionic dispersion with high molecular weight. It can be both aromatic or aliphatic isocyanate. The production process can take place both with or without an emulsifier. PUD or polyurethane emulsifier features temperature durability, high abrasion resistance, superior tensile strength, and high elasticity. The product can work fine with PVC concrete floor coverings, leather wood finishes, and textile coatings.
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The product is getting huge traction from several end-user industries such as footwear, fashion, luggage, and others. Rising disposable income is promoting the market. At the same time, it is also fueling the interior decoration industry where furniture designing is proving to be an effective means for profit. But the polyurethane dispersion market may have to bear the brunt of volatile oil price.
Segmentation:
MRFR in their latest report on the polyurethane dispersion market segments the market by type and application for an extensive overview of the market.
Based on the type, the polyurethane dispersion market can be segmented into water-based and solvent-based.
Application-wise, the polyurethane dispersion market can be segmented into adhesives sealants, leather finishing, coatings, fiberglass sizing, paper textile, and others. The coatings segment held 47% of the global market share in 2016 and it is predicted to grow with 6.98% over the forecast period. An increasing the number of personal cars in developing countries are driving the growth of the automotive sector. This can squarely impact the polyurethane dispersion market growth.
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Competitive Landscape:
Notable players to make a mark in the polyurethane dispersion market are Some of the key players operating in the global polyurethane dispersion market are Michelman, The Lubrizol Corporation, Inc., Mitsui Chemicals Inc., Lamberti S.p.A., Perstorp Holding AB, Alberdingk Boley GmbH, Hauthaway Corporation, LANXESS AG, VCM Polyurethanes PVT. Ltd., Chase Corporation, Allnex, DowDuPont, Inc., Covestro AG, BASF SE, and 3M.
In 2018, Lubrizol announced the commencement of commercial production of Aptalon M8100 which is water-borne and relies on self-crosslinking polyurethane dispersion integrating polyamide polyol technology. Owing to this the product can provide excellent protection to metal applications.
Regional Analysis:
MRFR in their report makes a region-specific segmentation of the polyurethane dispersion market research by segmenting them into five regions, namely, Asia Pacific (APAC), Latin America, North America, Europe, and the Middle East Africa (MEA).
In 2016, the region had control over 37% of the overall volume which is now experiencing huge drive from industries such as automotive, construction, and leather finishing. In 2016, the market was valued at USD 467.2 million with a moderate CAGR of around 6.59% it could gain during the forecast period. China, Japan, and India, with their vast reformations in the construction and automotive sector, can change their market structure. China accounted for USD 161.7 million in 2016 and can exceed USD 269.7 million valuation during the forecast period.
North America comes second with Europe slightly lagging behind. Europe has control over 26% of the entire market where countries such as France, Italy, the U.K, and Germany are the major contributors. They are expected to retain their market structure during the review period as well. Germany held the largest market share and was valued at USD 76.1 million in 2016. The U.K. is second in strength. The strong automotive sector is expected to guide the market ahead. Latin America is predicted to experience above-average growth due to the increasing intake of personal cars. Aerospace and defense are expected to propel the business as well. The MEA market can bank on the infrastructural development of emerging countries such as UAE, Turkey, and Saudi Arabia.
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