31-Mar-2022 | Zion Market Research
According to study of Zion Market Research, Polyurethane Dispersions industry amassed revenue approximately about US$ 3.13 billion in 2021 and is projected to gain returns of approximately US$ 7.14 billion by 2028, is predicted to register highest gains of nearly 6.6% in timescale from 2022 to 2028. In addition to this, growth of polyurethane dispersions market over forecasting timeline is subject to product features such as odor elimination, absence of toxic VOC emissions, and low presence of hazardous monomers. Moreover, polyurethane dispersions demonstrate toughness and find lucrative applications in sealants, adhesives, and coatings. Implementation of strict environmental laws including changes in the U.S. Clean Air Act along with current technological breakthroughs have made polyurethane dispersions an proficient alternative to solvent-based analogs in polyurethane coatings & adhesives industry. The strategic move has led to reduction in utilization of solvent-based coatings in developed countries of Europe as well as the U.S. This has boosted growth of polyurethane dispersions market.
Solvent-Free Segment To Record Fastest Growth Over 2022-2028
Rapid progression of solvent-free segment over forecasting timeline is subject to large-scale use of solvent-free polyurethane dispersions in aviation, construction, automotive, and furniture sectors. Furthermore, the product type possesses favorable features such as fast drying, elongated lifespan, and is proved to function stably under ultraviolet rays. These features have made them apt & fit for use in textile finishing, paints & coatings, glass fiber sizing, adhesive & sealants, and leather finishing. Furthermore, solvent-free polyurethane dispersions find plethora of applications in hygiene-coatings binders, concrete sealers binders, paper coatings & printing inks binders, and insulating coatings binders. All these aspects will upscale segmental surge.
Paints & Coatings Segment To Contribute Lucratively Towards Market Size In Forecasting Years
Large-scale use of polyurethane dispersions in paints & coatings segment is predicted to influence growth of paints & coatings segment in coming six years. With paints & coatings enhancing appearance of any item, the market for polyurethane dispersions is anticipated to witness augmented growth over forecasting timeline. Citing an instance, coatings impart enhanced color retention as well as glossiness to vehicle bodies along with providing rust & scratch resistance. Furthermore, huge utilization of paints & coatings in construction activities will considerably drive segmental growth. Reportedly, spray coatings find slew of applications in steel trusses, building flooring, and concrete support, thereby making them durable and lessening their maintenance costs.
Europe To Contribute Significantly Towards Polyurethane Dispersions Market Size By 2028
Growth of regional market over forecasting period is subject to presence of giant manufacturers in countries such as Germany, the UK, France, and Italy. In addition to this, construction industry has played a pivotal role in effectuating growth of polyurethane dispersions industry in Europe. For the record, automotive sector immensely impacts GDP and GNP of European countries such as France, Germany, and Italy. Moreover, polyurethane dispersions find massive utility in paints & coatings that are majorly used for coating vehicle to reduce their weight & enhance visual appeal. This will drive product sales in Europe.
Some of the key players have strongly leverage growth of polyurethane dispersions market and will continue with the same trend in near future. We have included profile of these industry participants in our report and they are Alberdingk Boley GmbH, Mitsui Chemicals Inc., Covestro AG, ICAP-SIRA Chemicals, Coim Group, BASF SE, Chemtura Corporation, The Dow Chemical Company, Lamberti S.p.A., and Chase Corporation.
Browse the full “Polyurethane Dispersions Market- By Type (Solvent-Free And Low-Solvent) And By Application (Paints & Coatings, Adhesives & Sealants, Leather Finishing, And Textile Finishing): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2022–2028.” Report at https://www.zionmarketresearch.com/report/polyurethane-dispersions-market
The global Polyurethane Dispersions Market is segmented as follows:
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