The Global Aqueous Polyurethane Dispersion Market was valuated at USD 988 MN in 2018 and is expected to reach USD 1300 MN by 2025 with an average CAGR of 4% between 2019 and 2025 as stated by a research report that has been published by the market research company named Value Market Research. Polyurethane dispersions have strengths ranging from their performance to their bonding and environment safety which help polyurethane dispersions to play an important role in preparing adhesives for applications such as transportation, furniture lamination, footwear and textiles amongst several others. The polyurethane dispersions market is also growing due to high demand from interior and furniture industries along with the increasing demand from the automotive sector and the escalating consumption of leather products among consumers. Polyurethane based paints and coatings exhibit exceptional qualities such as preventing water and chemicals to reach the substrate thus increasing the demand for polyurethanes in the paints and coatings industry as well.
Polyurethane Dispersions are aqueous, anionic dispersions having of aliphatic polyurethanes that have a high molecular weight. They are used as binders and used widely in the paints and coatings industry. The new polyurethane products that are being developed reduce carbon footprints and are also sustainable and cheap. The other characteristics of polyurethane dispersions that make it widely preferred are its lustrousness, in flammability, quick drying time, temperature resistance and low viscosity.
The report “Global Aqueous PU Dispersion Market Report By Application (Coating And Adhesive, Textile Finishing, Natural Leather Finishing, Synthetic Leather And Others), And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2018-2025” covers the study of opportunities available in the polyurethanes dispersions market on a global level.
By application, the global aqueous polyurethane dispersion market has been divided into coating and adhesive, textile finishing, natural leather finishing and synthetic leather. Among all these applications that have been stated, coating and adhesive was in the lead with the highest market share. The dominance is owed to the environment policies that have been regulated regarding emissions and hazardous pollutants.
The regional segmentation stated that the global aqueous polyurethane dispersion market was spread over North America, Asia-Pacific, Europe, Latin America, Middle East and Africa. Out of all these regions, Asia-Pacific stood out due to the rising demand for polyurethane dispersions from India and China along with the demand for leather and such luxury goods. Another reason for the growth of Asia-Pacific in this market is the rapid growth of industrialization as well as the availability of inexpensive cost of labour
Segmentation covered in the Report -
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