Polyurethane dispersion market 2018 | Top 10 key players industry analysis growth size sharing
Carrie Lim 2019-01-15 10:00:57
Global polyurethane dispersion market: by type (based on water and solvent), by application (coatings, adhesives and sealants, leather, paper and textile finishes, fiberglass sizing and others), and by region - Forecast up to 2023 Research on the polyurethane dispersion market In 2023, the global polyurethane market is presumably $ 1,237.4 million with the CAGR of 6.28% during the forecast period (2018-2023), due to the continued growth of the sector automotive, says Market Research Future (MRFR). Polyurethane (PUD) is a PUD that possesses properties such as high abrasion resistance, superior tensile strength, resistance to extreme temperatures and high elasticity that can be used in wood and leather finishes, textile coatings and coatings for concrete floors. Industry News 10 October 2018: Covestro, one of the first producers of NG polymers, has developed Baycusan eco E 1000. It is a film-forming polyurethane (PU) dispersion for hairstyling products containing a carbon-based content on 58% biomass and achieves the high performance level of synthetic acrylic polymers Get an exclusive exemplary research report Now @ https://www.marketresearchfuture.com/sample_request/4991Concept competitive The main operators operating in the global market are Michelman Inc. , Allnex, Lubrizol Corporation, Lamberti SpA, DowDuPont Inc., LANXESS AG, Covestro AG, 3M, Mitsui Chemicals Inc., Hauthaway Corporation, Perstorp Holding AB, BASF SE, Alberdingk Boley GmbH, Chase Corporation and VCM Polyurethanes PVT. Ltd. Potential and pitfallsWith the continued growth in the automotive industry, the increasing consumption of leather goods and the high demand of the furniture and interior industry, it is likely that the global polyurethane dispersion market will increase during the evaluation period. The demand for leather is strongly influenced by the productivity industry. The growing disposable income combined with the latest fashion trends have led to an increase in demand for leather products that are expected to fuel market growth in the coming years. The growing number of teleworkers has also increased the demand for home furnishings that has increased the positive side, the change in oil prices that directly affect the price of raw materials could delay the growth of the market. Furthermore, commodity factors are likely to delay market growth. Increase in raw material prices, the profit margin of manufacturers, which is considered to hinder the growth of the market in the coming years. Global polyurethane dispersion market: segmental analysis The global polyurethane dispersion market has been segmented according to application, type and region. For such modalities, the global polyurethane dispersion market has been segmented into solvent based and water based. Among these, the water-based type is expected to exhibit exceptional growth due to strict regulations on the use of solvent-based coatings in various applications. For application modalities, the global polyurethane dispersion market has been segmented into glass fibers, adhesives and & sealers, paper and & textile, leather finishes, coatings and more. Among these, it is estimated that the coatings segment holds the highest market share with 47% and is expected to expand to a significant CAGR during growth Growth is attributed to the increase in demand for personal vehicles and the increase of automotive production. Geographical insights From a geographical point of view, the polyurethane dispersion market extends across five regions, Europe, North America, Latin America, Asia Pacific, the Middle East and Africa. Of all the regions, Asia-Pacific is considered to dominate the global market and represents over 37% of the value share. The growing h is attributed to the growing contribution of the growing contribution of the construction paints sector in emerging countries. Browse full report now @ https://www.marketresearchfuture.com/reports/polyurethane-dispersion-market-4991In addition, rapid industrialization coupled with the penetration of polyurethane dispersion producers and the availability of inexpensive land and labor are considered factors that positively influence the market. Europe accounts for 26% of the total market share in terms of value and is expected to expand to a significant CAGR. Countries such as Italy, France, the United Kingdom and Germany are the major contributors in this region and it is estimated that they maintain their dominance thanks to the presence of a solid manufacturing base for the automotive sector.