The Aqueous Polyurethane Dispersion (APUD) market is majorly driven by stringent regulation imposed on usage of organic solvents in end-use industries. High demand of natural and synthetic leather across the globe is fueling the market growth. In addition to this, exceptional properties such as quick drying time, abrasion and temperature impact resistance and better weather stability, has widened its use in industrial and commercial industry. Moreover, a shift in demand from solvent-borne coating towards waterborne system coating is likely to augment the market demand in upcoming timespan.
The latest report by Value Market Research expects the Global Aqueous Polyurethane Dispersion Market was valued at USD 950 million in 2017 and is likely to reach USD 1250 million by 2024 with CAGR of 4%.
COATING AND ADHESIVE LED THE APPLICATION SEGMENT
In 2017, coating and adhesive dominated the application segment and has accounted for over 35% of the total market share and is expected to continue the dominance in the forecasting period. Owing to effective substitute for the organic solvent and strict environment policies regarding emission of VOC and hazardous air pollutant is driving the segment growth.
ASIA-PACIFIC DOMINATED THE MARKET
In 2017, Asia-Pacific led the regional market owing to rising demand from emerging economies such as China and India, is driving the market growth. Also, growing luxury goods and leather demand is further fueling the regional market growth.
KEY PLAYERS OF THE MARKET
Alberdingk Boley Inc., BASF, Baxenden Chemicals Ltd., Bayer MaterialScience, Chemtura Corporation, Cytec Industries Inc., Dow Chemical Company, Hauthaway Corporation, Lubrizol and Mitsui Chemicals Inc. are the major player ruling the aqueous polyurethane dispersion market.
As per this study the Global Aqueous PU Dispersion Market was valued USD 2.28 MN (by revenue) in 2021 and is anticipated to reach USD 4 MN by 2028 with a CAGR of 8.4%. By volume, the market was estimated at XX KT in 2021 and is expected to reach XX KT by 2028 with a CAGR of XX%.
Aqueous polyurethane dispersion (APUD) is the class of water-borne polyurethane extensively used in coatings and adhesives, textile finishing, and leather finishing. Structurally, it is binary colloid system dispersed in water polyurethane particles. Commercial available APUD is semi-transparent, milky white liquid with relatively low viscosity. Exceptional properties of APUD are lustrous, inflammable, quick drying time, and abrasion & temperature impact resistance.
Market Dynamics
The APUD market is majorly driven by stringent regulation imposed on usage of organic solvents in end-use industries. Owing to exceptional properties such as quick drying time, abrasion and temperature impact resistance and better weather stability has widened its use in industrial and commercial industry. However, the relatively higher cost is expected to hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of aqueous PU dispersion.
Market Segmentation
The broad aqueous PU dispersion market has been sub-grouped into application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Application
- Coating And Adhesive
- Textile Finishing
- Natural Leather Finishing
- Synthetic Leather
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for aqueous PU dispersion in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Aqueous PU Dispersion Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the aqueous PU dispersion market include Alberdingk Boley Inc., BASF, Baxenden Chemicals Ltd., Bayer MaterialScience, Chemtura Corporation, Cytec Industries Inc., Dow Chemical Company, Hauthaway Corporation, Lubrizol and Mitsui Chemicals Inc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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