Global Aqueous Polyurethane Dispersion Market to grow at a rate of 7.5% CAGR during 2015-2020
Zion Research has published a new report titled “Aqueous Polyurethane Dispersions Market for Coatings & Adhesives, Textiles Finishing, and Natural & Synthetic Leather Finishing Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020.” According to the report, global demand for aqueous polyurethane dispersions was valued at USD 800 million in 2014 and is expected to reach USD 1,350 million in 2020, growing at a CAGR of around 7.5% between 2015 and 2020. In terms of volume, the global aqueous polyurethane dispersions market stood at 295 Kilo tons in 2014.
Aqueous polyurethane dispersion is also known as PUD. Waterborne Polyurethane Dispersions (PUDs) are coatings and adhesives that use water as the primary solvent. Polyols (polyether, polyester, polycarbonate, polycaprolactone), isocyanate monomers and a water-dispersing monomer (anionic, nonionic, cationic) are key raw materials used in the manufacturing of waterborne polyurethane dispersions. They are used for resins for industrial coatings (wood, plastic, metal), for architectural coatings, for leather and textile finishes and for shoe adhesives.
Global aqueous polyurethane dispersion market is mainly driven by strong demand from coating applications. Textile finishing, synthetic & natural leather finishing and adhesives are other important outlets for the aqueous polyurethane dispersion industry. Strong growth in the application markets is in turn expected to trigger consumption of aqueous polyurethane dispersion across the world. Secondly, low VOC emission is another factor driving demand for aqueous polyurethane dispersion in different applications. Due to stringent environmental regulations imposed by regulatory authorities has been resulted into growing demand for low VOC emitting products, especially in Europe and North America.
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The key application market for aqueous polyurethane dispersion market includes the coating, adhesives, textiles finishing, natural leather finishing and synthetic leather finishing. Coating and adhesives dominated the global aqueous polyurethane dispersion market with over 75% share in total volume consumption in 2014. However, leather finishing application segments are expected to exhibit fastest growth rate during the forecast period.
Asia Pacific dominated the global aqueous polyurethane dispersion market due to strong demand from China. Asia Pacific was the largest regional market for aqueous polyurethane dispersion with around 35% share in total volume consumption in 2014. Asia Pacific was followed by Europe and North America. Asia Pacific is also expected to be the fastest growing regional market for aqueous polyurethane dispersion. Latin America and Middle East & Africa are also expected to exhibit robust growth rate during the forecast period.
Some of the key market player that are actively participate in the global aqueous polyurethane dispersion market include Mitsui Chemicals Inc., Lubrizol, Hauthaway Corporation, Dow Chemical Company, Cytec Industries Inc., Chemtura Corporation, BASF, Bayer MaterialScience, Baxenden Chemicals Ltd., and Alberdingk Boley Inc.
The report segments the global aqueous polyurethane dispersions market as:
Global Aqueous Polyurethane Dispersions Market: Application Analysis
- Textiles finishing
- Natural leather finishing
- Synthetic leather production
Global Aqueous Polyurethane Dispersions Market: Regional Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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