Major players in the global polyurethane dispersions market comprise Alberdingk Boley GmbH, Mitsui Chemicals Inc., Covestro AG, Chemtura Corporation, Lamberti SPA, COIM, ICAP-SIRA Chemicals, The Dow Chemical Company, Chase Corporation, and BASF SE. These players are responsible for flourishing growth of the polyurethane dispersions market.
According to the analysts at Zion Market Research, the Global polyurethane dispersions market was capitalized at USD 1.46 Billion in 2015 and is likely to cross USD 2.13 Billion by 2021, developing at a CAGR of 6.5% from 2016 to 2021.
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Rising Environmental Laws On Low Volatile Organic Compounds To Boost The Demand For Global Polyurethane Dispersions Market In The Years To Come
“The global polyurethane dispersions market is likely to cross USD 2.13 by the end of 2021 due to the major employment in coatings division at the CAGR of 6.5%,” as per analysts at Zion Market Research. Specialty coating is one more important application division boosting the polyurethane dispersions market. Polyurethane dispersions are the perfect material with noteworthy performance, thereby driving the polyurethane dispersions market. In addition to this, rising environmental laws on low VOC (volatile organic compounds) boosts the coating applications in polyurethane dispersions market.
Adhesives on the polyurethane dispersions are employed for laminating automobile interior parts, foot panels of furniture, and also for closing of shoe soles. For instance, in 2017, BASF designed a special polyurethane system, which is employed in the production of boots. In addition to this, various mergers and deals among market players is also set to bolster the polyurethane dispersions market. For instance, in 2017, a deal between H&S Anlagentechnik and Dow Polyurethanes was inked to develop recycled polyols from end-of-life mattresses.
Rapid Industrialization, Economic Expansion, And Increasing Infrastructure To Maintain The Supremacy Of Asia Pacific In The Global Polyurethane Dispersions Market
In terms of requirement, Asia Pacific was the biggest area of the global polyurethane dispersions market in 2015. It is likely to be the highest and fastest developing area for polyurethane dispersions market. The uppermost development is witnessed due to rapid industrialization, economic expansion, and increasing infrastructure in this area. Economic development of the area is likely to elevate the demand for polyurethane dispersions market. Leap in the requirement for polyurethane dispersions market is energetic in this area due to rapid growth in the segments of adhesives, coatings, and leather production with China being the most ruling area. In developing nations such as Germany, India, China, France, and Italy, the polyurethane dispersions market is likely to take a leap in the years to come. Europe and North America are likely to see the boost in the polyurethane dispersions market due to the growing infrastructure and industrial expansion. The rest of the world will show steady development of polyurethane dispersions market.
The global polyurethane dispersions market is segmented as follows:
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