Polyurethane Dispersion Market - Size, Growth, Trends, and Regional Outlook by 2023

Posted May 28, 2021 by chitradeo00777

According to the analyst from Market Research Future (MRFR)’s, global polyurethane dispersion market is predicted to grow at a CAGR of 6.28% to reach USD 1,237.4 million
Market Research Future Published a Half Cooked Research Report on Global Polyurethane Dispersion Research Report.

Market Highlights:

According to the analyst from Market Research Future (MRFR)’s, global polyurethane dispersion market is predicted to grow at a CAGR of 6.28% to reach USD 1,237.4 million by the end of 2023. Polyurethane dispersion is gaining prominence in the global market with the increasing usage in the end use applications such as coatings, paper & textile, fiberglass, adhesives & sealants, leather finishing, and others.

Some of the prominent market factors that positively influence the growth of the polyurethane dispersion market are increasing urbanization, constant industrialization, and rising construction activities. Furthermore, rising demand for textile products coupled with latest fashion following trend in the growing population is estimated to drive the growth of the market.Additionally, increasing penetration in marine and aerospace & defense is estimated to give a new momentum to the growth of this market. Increasing disposable income along with rising demand for aesthetic design of furniture is expected to drive the market growth. However, fluctuation in crude oil prices affect the raw material cost of polyurethane dispersion, which, in turn, is estimated to hamper the market growth.

Access Report Details @ https://www.marketresearchfuture.com/reports/polyurethane-dispersion-market-4991

Segment Analysis

The global polyurethane dispersion market is segmented into type, application and region. On the basis of type, the market is segmented into water based and solvent based. Among the type segment, water based is expected to register tremendous growth on account of stringent regulations regarding the use of solvent based coatings in various applications. On the basis of application, the market is divided into coatings, adhesives & sealants, leather finishing, paper & textile, fiber glass sizing, and others. Among these, coatings application segment accounted for the largest market share of over 47% in 2016 and is estimated to grow with a healthy CAGR of around 6.98% over the assessment period. Rising automotive production & sales in emerging economies combined with increasing building & construction activities worldwide has resulted in the huge consumption of coatings which in turn is estimated to propel the segmental growth over the forecast period. Leather finishing is another prominent application segment after coatings. Growing synthetic leather production by incorporation of polyurethane dispersion is predicted to fuel the demand for global polyurethane dispersion market. Furthermore, increasing furniture market in developing countries is another factor expected to propel the global polyurethane dispersion market.

Regional Analysis

On the basis of the region, polyurethane dispersion market is further classified into five regions namely North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific dominated the global polyurethane dispersion market in 2016, accounting for more than 37% of the value share of the global polyurethane dispersion market. The regional market trends substantiating the growth of polyurethane dispersion market include the rising contribution of construction coatings segment in the various emerging countries and continuous growth of end user application industry across Asia Pacific region. Moreover, the rapid industrialization in the region, high penetration of polyurethane dispersion manufacturers in the region, availability of inexpensive cost of labor and land are considered to have a positive impact on the overall polyurethane dispersion market in the region. The other emerging countries of Latin America, Europe, North America, and the Middle East & Africa are estimated to register healthy growth on account of wide utilization of polyurethane dispersion in various application.
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Last Updated May 28, 2021