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Polyurethane Dispersion Market future trend and growth opportunities over the forecast timeframe

Author : Rahul Varpe | Published Date : 2019-07-04 

Asia Pacific is projected to grow with a significant rate in the polyurethane dispersion market owing to rising automotive industry in developing countries such as China, India, and Indonesia. Moreover, low labor cost and manufacturing cost in addition various government favoring policies in the region will encourage the growth of the end-use sectors. For instance, “Make in India” is an Indian government initiative to encourage the manufacturing sector and attract FDI in the country.

This will boost the product demand in the region over the coming years. Moreover, growing footwears & bags industry along with the developments in fashion sector will create demand for leather in the region, and China being the largest producer of leather will bolster the demand for PUD for various leather finishing applications.

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The Polyurethane Dispersion Market is rapidly increasing owing to the rising demand from interior and furniture industries, rising automotive sector, and increasing consumption of leather products among consumers. The leather demand is mainly driven by the fashion & footwear industry along with its use in lucrative luggage bags. Increasing purchasing power along with trending fashion has led to a rise in demand for leather products.

Polyurethane dispersion or PUD possesses exceptional properties such as high tensile strength, extreme temperature durability, high elasticity and high abrasion resistance, that is especially used for coating in wood and leather finishes, PVC & concrete floor tops and textile coatings. These factors will upsurge the demand for polyurethane dispersion in the near future.

On the basis of end-use sector PUD is categorized into automotive, furniture, footwears & bags, textile & printing, pulp & paper and others that includes industrial coating of metal, plastic, wood, paper, masonry surfaces, food, etc. Rising demand from automotive, textile, and footwear & bags industry will propel the polyurethane dispersion market in the coming timeframe.

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Rising automotive industry, predominantly in Asia Pacific and other emerging regions over recent years, contribute to increasing demand for polyurethane dispersion in the production of dashboards (door panels (wood /textile/ABS), foam to PVC/TPO, headliners).

Moreover, various government favoring policies with low labor cost and ease of doing business have encouraged the growth of automotive sector in the region, and will propel the polyurethane dispersion market size over coming years. Increasing telecommuters have elevated the demand for furniture’s in home and offices, which will further boost the product use in wood coatings and other applications.

Fluctuating oil prices may influence the raw materials prices directly which will decrease the profit margin among suppliers and product manufactures. This may hamper the growth of polyurethane dispersion (PUD) for the projected timespan.

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Some of the important players in polyurethane dispersion market are Michelman, Inc., The Lubrizol Corp, Mitsui Chemicals Inc., Lamberti S.p.A., Perstorp Holding AB, LANXESS AG, Hauthaway Corporation, Alberdingk Boley GmbH, Chase Corporation, Allnex, Covestro AG, VCM Polyurethanes pvt. ltd, Chemtura Corporation, DowDuPont, Inc., BASF SE, and. Cytec Industries, Inc.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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