|Market Size in 2021||Market Forecast in 2028||CAGR (in %)||Base Year|
|USD 3.13 Billion||USD 7.14 Billion||6.6%||2020|
Polyurethane Dispersions Market
The Global Polyurethane Dispersions Market accrued earnings worth approximately 3.13 (USD Billion) in 2021 and is predicted to gain revenue of about 7.14 (USD Billion) by 2028, is set to record a CAGR of nearly 6.6% over the period from 2022 to 2028.
The study provides assessment and analysis of the Polyurethane Dispersions Market on a global & regional level. It offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Billion).
Polyurethane dispersions market has been majorly impacted due to rapid spread of COVID-19 pandemic across globe. The pandemic halted large proportion of construction activities due to lockdown, thereby posing a threat to growth of polyurethane dispersions industry. Apart from this, economic slowdown caused due to pandemic has led to reduction in vehicle demand, thereby diminishing use of compound in automotive sector. However, the market is steadfastly gaining momentum post COVID-19 and is set to accrue optimum returns in forecasting years.
Polyurethane dispersion is a kind of polyurethane polymer resin that can be easily dispersed in water. It is an anionic dispersion having high molecular weight. These dispersions are created through reaction of diisocyanates with polyols. Moreover, polyurethane dispersions abbreviated as PUD is a method involving 2-phase system that disperses polyurethanes in water as well as other kinds of liquefying agents. Reportedly, these compounds possess exceptional features such as thermal stability, high proportion of elasticity, aberration resistance, and high tensile strength.
Furthermore, these compounds are utilized in preparing polyurethane coatings and adhesives comprising low volatile organic compounds & exhibiting excellent adhesion & coating features for metal, glass, plastics, wood, rubber, and textiles.
Humungous demand for polyurethane dispersions in developing countries of Asia Pacific, Latin America, and the Middle East and Africa will boost polyurethane dispersions market growth. Need for environmental security such as low VOC emissions are leveraging expansion of polyurethane dispersions industry. In addition to this, polyurethane dispersions possess high level of flexibility, high abrasion resistance, toughness, and outstanding stability. These features have helped in increasing popularity of compound across aerospace, construction, automotive, leather, and textile industries. Nonetheless, oscillating features of product can put brakes on expansion of polyurethane dispersions market. Oscillating raw material costs and use of substitute products will put brakes on progress of polyurethane dispersions business.
|Report Attributes||Report Details|
|Report Name||Polyurethane Dispersions Market Research Report|
|Market Size in 2021||USD 3.13 Billion|
|Market Forecast in 2028||USD 7.14 Billion|
|Growth Rate||CAGR of 6.6%|
|Number of Pages||210|
|Key Companies Covered||Mitsui Chemicals Inc., Coim Group, BASF SE, Alberdingk Boley GmbH, Chemtura Corporation, Covestro AG, ICAP-SIRA Chemicals, Lamberti S.p.A., The Dow Chemical Company, and Chase Corporation.|
|Segments Covered||By Type, By Application and By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)|
|Historical Year||2016 to 2020|
|Forecast Year||2021 - 2028|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
Furthermore, scaling product demand from textile & leather sectors will steer growth of polyurethane dispersions industry. Strict government laws favoring use of eco-friendly products will drive growth of polyurethane dispersions market.
Manufacturers are coining new ways to produce eco-friendly products and thus are contributing substantially towards green environment initiative. These key participants are likely to have a long-lasting impact on growth of polyurethane dispersions industry and we have profiled them in our report. They are Mitsui Chemicals Inc., Coim Group, BASF SE, Alberdingk Boley GmbH, Chemtura Corporation, Covestro AG, ICAP-SIRA Chemicals, Lamberti S.p.A., The Dow Chemical Company, and Chase Corporation.
Asia Pacific Polyurethane Dispersions Market To Witness Exponential Surge By 2028
Growth of polyurethane dispersions industry in Asia Pacific over forecasting period is subject to rise in product demand in manufacturing sector across Asia. Apart from this, surging population and increase in per capita income along with swift industrialization has paved a way for regional market growth. Low manufacturing costs, easy availability of labor at reasonable costs, favorable government laws, and product innovations taking place across region will prop up expansion of polyurethane dispersions industry in Asia Pacific. Thriving construction and vehicle manufacturing industry will crop up product penetration in region.
The global Polyurethane Dispersions market profiles key players such as:
Enormous demand for polyurethane dispersions in emerging economies of Asia Pacific, Latin America, and the Middle East and Africa will boost polyurethane dispersions industry growth.
According to Zion market research report, The global Polyurethane Dispersions Market accrued earnings worth approximately 3.13 (USD Billion) in 2021 and is predicted to gain revenue of about 7.14 (USD Billion) by 2028, is set to record a CAGR of nearly 6.6% over the period from 2022 to 2028.
Asia Pacific will contribute sizably towards the global market revenue over the projected timeline. A massive increase in Polyurethane Dispersions Market size in region over 2022-2028 can be attributed to rise in product demand in manufacturing sector across Asia.
The key industry participants leveraging business sphere include Mitsui Chemicals Inc., Coim Group, BASF SE, Alberdingk Boley GmbH, Chemtura Corporation, Covestro AG, ICAP-SIRA Chemicals, Lamberti S.p.A., The Dow Chemical Company, and Chase Corporation.