Global Polyurethane Dispersions (PUDs) Market – Growth Trend Study

Over the past few years, global polyurethane dispersions (PUDs) market has gained momentum for various applications due to its beneficial attributes such as abrasion resistance, lack of toxic monomers, impact strength, less odor, low-temperature flexibility and others. Polyurethane dispersions (PUDs) are polymers of polyurethane, which are highly dispersed in water. These aliphatic polymers are aqueous coating material with high molecular weight. Because of its low volatility and superior coating & adhesion properties, it is extensively used to make polyurethane adhesives, sealants & coatings. PUDs find applications in the manufacturing of various high-performance compounds including wood, glass, plastics, textiles, rubbers, and metal.
   
DecisionDatabases.com offers a new report “Global Polyurethane Dispersions Market Research Report- Industry Analysis, Size, Share, Growth, Trends and Forecast” which anticipates the growing application scope for various key end-use industries such as packaging, automotive, textile, leather & furniture to fuel the global market over the forecast period (2022). Furthermore, rising environmental regulations and continuous technological innovations for the usage of water-based coatings & adhesives materials is projected to open new growth avenues in the near future. However, volatility in the price of key raw materials and availability of cheaper coating alternatives are some of the major restraints, which may adversely affect the market growth in the forthcoming years.  Though, the continuous emphasis on the requirement for water-based products and the constant refinement and development of the product qualities initiated through the usage of PUDs is anticipated to augment strong growth over the coming years.

In the report the global market has been segmented based on product types into water-based polyurethane dispersions and solvent based polyurethane dispersions. Water based PUDs is a leading product segment and is estimated to witness a double-digit growth during the forecast period owing to its growing application scope for the manufacturing of instrument panels, automotive seats, dashboards, gearshift levers,  interior door panels and others items due to its high adhesion and eco-friendly nature. Furthermore, the market has been segmented based on applications into synthetic leather production, natural leather finishing, textile finishing and others application. Synthetic leather production is a major application segment and expected to grow at a significant rate over the  coming years on account of increasing demand for automobiles, furniture and the interior industries across the globe.

Europe and North America are growing market for PUDs and are expected to grow at a substantial rate over the forecast period due to rising environmental regulations to use eco-friendly products and continuous technological advancements in the regions. MEA is the most important regions due to expanding textile & leather industries in the region. Asia Pacific region owing to the growing major end-use industries particularly in the China, India, and Indonesia may grow at the highest CAGR.

Major industry players include Bayer Material Science AG, BASF SE., Chemtura Corporation, Dow Chemical Company, Mitsui Chemicals Inc., and Cytec Industries Inc. The global market is moderately concentrated with the presence of highly competitive players. The report elaborately covers these players to provide the complete competitive landscape.
   
In Sep 2012, BMP had launched an advanced range of PUD's to deal the requirements of the different markets.
In Feb 2016, Covestro AG has introduced an eco-friendly waterborne PUD Insqin™ polyurethane technology and partner program for their customers.
   
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