Polyurethane (PU) Dispersions (Aqueous and Solvent) Market Rising Demand and Applications 2021-2031

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Polyurethane (PU) Dispersions (Aqueous and Solvent) Market: Introduction

Transparency Market Research delivers key insights on the global polyurethane (PU) dispersions (aqueous and solvent) market. In terms of revenue, the global polyurethane (PU) dispersions (aqueous and solvent) market is estimated to expand at a CAGR of 5.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global polyurethane (PU) dispersions (aqueous and solvent) market.

The global polyurethane (PU) dispersions (aqueous and solvent) market is broadly affected by several factors, including increase in usage of polyurethane (PU) dispersions (aqueous and solvent) in various applications such as textile finishing, natural leather finishing, synthetic leather production, and others (adhesives and coatings). Rise in demand for textile finishing and leather applications is propelling the polyurethane (PU) dispersions (aqueous and solvent) market.

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Polyurethane (PU) Dispersions (Aqueous and Solvent) Market: Dynamics

Polyurethane (PU) dispersions (aqueous and solvent) are primarily driven by the growth of the textile finishing industry and higher production of synthetic leather. Polyurethane dispersions refer to high solid dispersions of polyurethane polymers in water. They are mostly used for manufacturing polyurethane coatings and adhesives that contain low levels of organic compounds that are volatile which exhibit superior coating and excellent adhesion properties for metals, wood, rubber, textiles, plastics, and other miscellaneous high performance substrates.

Polyurethane dispersions ensure polyurethane-like-performance, with added advantages such as the absence of toxic and volatile organic compounds, elimination of odor, and the absence of harmful monomers. They possess high degree of toughness and are generally used in adhesives, sealants, and coatings.

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Polyurethane (PU) Dispersions (Aqueous and Solvent) Market: Prominent Regions

The global polyurethane dispersions market has been segmented into five key regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific was the largest market for polyurethane dispersions, which accounted for 36.6% share followed by Europe that accounted for 28.6% share of the global market in 2020. Asia Pacific is the largest regional segment and is also expected to experience highest growth rate in the PUDs market due to the growing consumption as well as production of PUDs in emerging countries such as India and China. Alberdingk Boley, Bayer MaterialScience AG, BASF SE, Chemtura Corporation, and Hauthaway Corporation are some of the key participants of the PUD market.

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Polyurethane (PU) Dispersions (Aqueous and Solvent) Market: Major Players

The global polyurethane (PU) dispersions (aqueous and solvent) market is consolidated, with the presence of key players. Prominent players operating in the global polyurethane (PU) dispersions (aqueous and solvent) market include Dow Chemicals, BASF SE, and Bayer MaterialScience.