PUNE, Maharashtra, December 3, 2015 /PRNewswire/ --
The report "Polyurethane Dispersions Market by Type (Water-Based Polyurethane Dispersions and Solvent-Based Polyurethane Dispersions), by Application (Coatings, Adhesives & Sealants, Synthetic Leather Production, Fiber Glass Sizing, and Others) - Trends & Forecasts to 2020", published by MarketsandMarkets, The global Polyurethane Dispersions Market is projected to reach USD 2.04 Billion by 2020 at a CAGR of 6.8% between 2015 and 2020.
Browse 116 market data Tables and 56 Figures spread through 165 Pages and in-depth TOC on "Polyurethane Dispersions Market".
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Water-Based Polyurethane Dispersions: The largest type of polyurethane dispersions
The water-based polyurethane dispersions are of great importance due to their extraordinary characteristics of containing lower levels of volatile organic content (VOC). Water-based polyurethane dispersions are environmentally friendly and are used in various industries, majorly in paints & coatings. In addition to this, they are used as binders in hygiene coatings, insulating coatings, concrete sealers, industrial coatings, architectural coatings, paper coatings, leather & textile finishing, printing ink, and various other applications. With the growing governmental regulations in developed & emerging economies to keep the VOCs below 350 g/l are expected to drive the water-based polyurethane dispersions market in coming future.
Coatings: The largest application market for polyurethane dispersions
The coatings industry is the largest application of polyurethane dispersions globally. Polyurethane dispersions are used widely for coatings application in various end-use industries such as construction, automotive, aerospace, electronics, leather, textile, wood, and other. Owing to their impressive resistance to corrosion, abrasion, and excellent mechanical properties, polyurethane dispersions are turning out to be a popular material preferred for coatings in industrial and architectural sectors. Additionally, coatings market is expected to boost further with the shift in industries from developed to developing economies, particularly from the U.S. to China. Different types of coatings such as decorative coatings, industrial coatings, architectural coatings, and maintenance coatings market are growing individually.
Asia-Pacific: The largest market for polyurethane dispersions
Asia-Pacific is the global forerunner of polyurethane dispersions market, in terms of value and volume, and is expected to continue till 2020. The countries in this region such as China, India, Japan, South Korea, and Thailand are witnessing a significant increase in the use of polyurethane dispersions in coatings, adhesives & sealants, and synthetic leather production applications. This growth is mainly due to the increasing demand for coatings in automotive, the textile & leather industry, and construction sector in Asia-Pacific. Further, rapid development in Asia-Pacific is vigorously pushing the demand for polyurethane dispersions for coatings, leather production, adhesives, and other applications. China and India are the fastest-growing markets, and are estimated to follow a similar trend by 2020.
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The polyurethane dispersions market has a few numbers of global players competing significantly for the market share, who are actively investing in various strategies such as, new product developments, major acquisitions, joint venture & collaboration, and expansion projects globally to increase their market share. Also, companies are investing heavily on R&D activities. Major players such as The Dow Chemical Company (U.S.), Mitsui Chemicals (Japan), BASF SE (Germany), COIM (Italy), Covestro AG (Germany), Chase Corporation (U.S.), and Cytec Industries Inc. (U.S.) have adopted various organic and inorganic developmental strategies.
This report covers the market by value and volume for polyurethane dispersions and forecasts the market size till 2020. The report includes the market segmentation by type, by application, and by region. It also includes company profiles and competitive strategies adopted by the major market players in the global polyurethane dispersions market.
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