Market Research Reports : Transparency Market Research published new market report "Polyurethane (PU) Dispersions (Aqueous and Solvent) Market for
Textiles, Natural Leather Finishing, Synthetic Leather Production and Other
Applications- Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2012 - 2018," which observes that the global polyurethane
dispersions demand in 2012 was 267.1 kilo tons and is expected to reach 369.3
kilo tons by 2018, growing at a CAGR of 5.5% from 2012 and 2018. In terms of
revenue, the market is expected to reach USD 1.18 billion in 2018, growing at a
CAGR of 7.5% from 2012 to 2018.
Polyurethane
dispersions (PUDs) are one of the most rapidly growing segments of the
polyurethane coatings industry, owing to the introduction of environmental
regulations on use of solvent based analogs. PUD demand is expected to increase
in line with the expected growth in end-use applications such as automotives,
textiles and the furniture and interiors industry. Regulatory scenario is
expected to favor low Volatile Organic Compounds (VOCs) compounds, with
ecolabels such as M1, Blue Angel, EMICODE, and Indoor Air Comfort and so on;
this is expected to drive PUD demand over the next five years. Volatile raw
material supply, including fluctuations in MDI and TDI prices, is expected to
pose a serious challenge to market participants, in maintaining profitability.
Cost reduction is the need of the hour in the present market scenario; PUDs are
often blended with other low cost dispersions such as acrylic emulsions due to
familiarity in their properties to offset cost.
With increasing
industry awareness and technological advancement, water-based or aqueous PUDs
are expected to be the key product segment in the polyurethane industry in the
near future. The demand for water based PUDs is expected to reach 202.2 kilo
tons in 2018. Solvent-based PUD market revenue is expected to grow at a CAGR of
6.9% by 2018, primarily due to rising product prices.
Asia Pacific
dominated the global polyurethane dispersions market and accounted for 36.6% of
the total market volumes in 2012, owing to the huge demand from China. By 2018,
this share is expected to cross 37.8%, thus maintaining Asia Pacific's leading
market position in the industry. Asia Pacific was followed by Europe in terms
of PUD consumption. North America PUD volumes, dominated by the U.S., are
expected to reach 60.1 kilo tons by 2018.
Adhesives,
coatings and synthetic leather production are key market applications, together
accounting for over 89% of global PUD volumes in 2012. PUD demand for synthetic
leather production and natural leather finishing is expected to grow at a CAGR
of over 7% from 2012 to 2018. Alberdingk Boley, Bayer MaterialScience AG, BASF
SE., Chemtura Corporation, Dow Chemical Company, Mitsui Chemicals Inc., Cytec
Industries Inc., Hauthaway Corporation, and Lubrizol are some of the key
participants of the PUD market.
Polyurethane Dispersions
Market: Product segment analysis
- Water based
- Solvent based
Polyurethane Dispersions
Market: Application analysis
- Textile finishing
- Natural leather finishing
- Synthetic leather production
- Others (adhesives and coatings)
Polyurethane Dispersions
Market: Regional analysis
- North America
- Europe
- Asia Pacific
- Rest of the World (Middle East, Africa, Latin
America)
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Sheela AK
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Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
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