The global Polyurethane Dispersion (PUD) Market size is expected to value at USD 1.6 billion by 2022. The market is subject to witness a substantial growth due to the robust growth in various verticals such as buildings & construction industry, automotive sector, packaging industry, textile and leather industry. Rising demand for leather and textile products from Asia Pacific and North America region are expected to augment market demand for polyurethane dispersion (PUD) over the next seven years. Globally, the polyurethane dispersion (PUD) market is predicted to grow at CAGR of 5.9% in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.

Rapid growth of automotive sector in the Asia Pacific and South-Central America region is one of the major contributing growth factor. Increase in manufacturing of vehicles owing to lower manufacturing cost are anticipated to fuel market demand for polyurethane dispersion (PUD) products. Favorable government initiatives and policies to promote use of polyurethane dispersion (PUD) are expected to offer lucrative growth opportunities for industry participants in the upcoming years. Recent technological advancements in the automotive industry coupled with development of innovative products such as waterborne polyurethane dispersion (PUD) and hot melts coating are anticipated to foster the market growth.

Waterborne polyurethane dispersions (PUDs) coatings and adhesives are water soluble in the nature are commonly preferred over solvent-based polyurethane dispersion (PUD) adhesives due to their eco-friendly nature. Stringent laws & regulation associated with the use of volatile organic compounds (VOCs) that generates hazardous air pollutants (HAPs) are expected to drive the market demand for polyurethane dispersions (PUDs) coatings and adhesives for various industrial as well as commercial applications.

Polyurethane dispersions (PUDs) coatings and adhesives exhibit properties such as stability, flexibility, easy to use and solubility. Development of ambient-cured (air dried) or baked coatings that are highly flexible with rigid substrates, which are used for production of flooring elements, fabric, leather, metal, plastics and paper. These factors are anticipated to stimulate the growth of polyurethane dispersion (PUD) industry over the forecast period. In addition, polyurethane dispersions (PUDs) are commonly used as graphic art inks, adhesives for shoes and textiles and leather coats. Methylene diphenyl di-isocyanate (MDI), Toluene di-isocyanate (TDI) and polyols are raw materials that are used for manufacturing polyurethane dispersions (PUDs). Volatility in the cost of raw material prices is considered as one of the major challenge faced by polyurethane dispersion market, in the recent years.

The polyurethane dispersion (PUD) industry is broadly categorized into two major segments based on the product type such as water based polyurethane dispersion (PUD) adhesives and solvent-based polyurethane dispersion (PUD) adhesives. The water-based polyurethane dispersion (PUD) adhesives is considered as one of the fastest growing segment in the PUD market with substantial revenue generation in the last few years.

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Growing popularity of the water based polyurethane dispersion (PUD) adhesives segment is attributed to the favorable regulatory norms and rising consummation. The solvent-based polyurethane dispersion (PUD) adhesives segment has witnessed a steady growth due to the increase in consummation of water-based polyurethane dispersion (PUD) adhesives due to their eco-friendly nature.

The PUD industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in the buildings & construction industry, automotive sector, and packaging industry, and existence of well-established infrastructure. Asia-Pacific region is predicted to hold major market share in the polyurethane dispersion (PUD) with massive growth in forecast period.

Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth in the region, rapid urbanization, substantial growth in various end-user industries, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the polyurethane dispersion industry are Alberdingk Boley, Inc., BASF S.E., Cytec Industries, Inc., Covestro, Chemtura Co., Dow Chemical Company Pvt., Ltd., Hauthaway Co., Mitsui Chemicals, Inc., and Lubrizol Co.

Market Segment:

PUD Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
• Water-based dispersions
• Solvent-based dispersions

PUD Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
• Textile Finishing
• Natural Leather Finishing
• Synthetic Leather
• Others

Browse the Full Global Polyurethane Dispersion (PUD) Market- Global Scenario, Industry Outlook, Analysis, Size, Trends and Forecast, 2012 To 2022 Report at - https://www.millioninsights.com/industry-reports/polyurethane-dispersion-pud-market

PUD Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022) 
• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

Market Research Future Published a Half-Cooked Research Report on Global Polyurethane Elastomers Market Report - Global Forecast till 2025

Competitive Analysis:

Leading Players in the Global Polyurethane Elastomers Industry include VCM Polyurethanes Pvt. Ltd., Argonics Inc., Herikon, Trelleborg, The Lubrizol Corporation, LANXESS, Huntsman International LLC, Covestro AG, BASF SE, Dow, and Tosoh Corporation.

Industry Overview:

The Global Polyurethane Elastomers Market is expected to exhibit a strong 6% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). The Global Polyurethane Elastomers Market is mainly driven by the growing demand for Polyurethane Elastomers in footwear, automotive, construction, and industrial devices and machinery. The growing footwear industry is likely to be a major driver for the Global Polyurethane Elastomers Market over the forecast period. Footwear are not just for foot protection anymore, but also serve an aesthetic purpose in how a person is perceived by his peers. This has driven significant product expansion in the footwear industry, with many leading players joining the bandwagon of creating lightweight, durable footwear that can stand the test of time while providing simplicity and comfort to the user. The use of Polyurethane Elastomers has thus increased in footwear, as polyurethane offers a solid, tear-proof build and long-term durability. This is likely to be a major driver for the Global Polyurethane Elastomers Market over the forecast period.

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The growing use of Polyurethane in automotive interior components is also likely to be a major driver for the Global Polyurethane Elastomers Market. Automotive interiors need substances that can cushion relatively hard blows and present a durable, stain-free front. Polyurethane Elastomers are the perfect material on both counts, as they present a strong, durable exterior as well as a certain sponginess that allows it to absorb minor blows. Polyurethane is also easily cleanable, which also makes it useful for automotive interior applications, where spills and other stains may need to be cleaned up periodically.

For similar reasons, the use of Polyurethane Elastomers in industrial machines and devices is also increasing. As polyurethane presents a strong front and is highly robust and durable, it makes for the perfect material for handles and other components of industrial machinery. This is also likely to remain a key end use for the Polyurethane Elastomers Market over the forecast period.

Industry News:

In October 2019, Covestro conferred its yearly global science awards in the Covestro Science Celebration at K 2019.The award was given to a researcher looking to develop faster methods of production for custom polymer formulations. Industrial backing to the research sector is likely to remain an important driver for the Polyurethane Elastomers Market, as the market still witnesses a significant degree of innovation and research projects hold an important role in the market.

Browse Key Industry Insights spread across 140 pages with 35 market data tables & 12 figures & charts from the report, “Polyurethane Elastomers Market Information: By Type (Thermoset PU Elastomers and Thermoplastic PU Elastomers), End-Use Industry (Footwear, Automotive, Machinery, Building & Construction and Medical) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2025” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/polyurethane-elastomers-market-4487

Segmentation:

Global Polyurethane Elastomers Market has been segmented based on Type, End-Use Industry and Region.

Based on Type, Global Polyurethane Elastomers Market has been classified as thermoset PU elastomers and thermoplastic PU elastomers.

By End-Use Industry, Global Polyurethane Elastomers Market has been divided into footwear, automotive, machinery, building & construction, medical, and others. Footwear is the largest revenue generator in the Global Polyurethane Elastomers Market and is likely to expand at a healthy CAGR over the forecast period to remain the leading end use segment over the forecast period. The footwear segment accounted for a strong 37% share in the Global Polyurethane Elastomers Market in 2018, followed by the automotive and machinery segments. These two segments are also likely to be highly important to the Global Polyurethane Elastomers Market over the forecast period.

Regional Analysis:

Asia Pacific is the leading revenue generator in the Global Polyurethane Elastomers Market and accounted for more than 50% of the global market in 2018. Increasing spending on consumer goods, including footwear, is a major driver for the Polyurethane Elastomers Market in Asia Pacific. The rising demand for high-performance sports footwear is likely to be a major driver for the Polyurethane Elastomers Market in Asia Pacific, as sports footwear uses a high amount of Polyurethane.

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Waterborne polyurethane (WPU) is fully reacted polyurethane in a continuous water phase, resulting in a solvent-free medium. The health and environmental issues caused due to the use of solvent-based polyurethane can be avoided by using WPU-based products. 

The research report mainly introduced the global polyurethane composites market basics: a market overview, classifications, definitions, applications, and product specifications and so on. The global analytical report has been made by using significant data research methodologies such as primary and secondary research.

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The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated with the growth of manufacturers in the global market for Polyurethane Composites. The report provides the readers with crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.

Competitive landscape

Global Polyurethane Composites Market study covers a comprehensive competitive analysis that includes detailed company profiling of leading players, characteristics of the vendor landscape, and other important studies. Polyurethane Composites report explains how different players are competing in this report.

Polyurethane Composites Market Manufactures:

• Sekisui Chemical Co. Ltd.
• Toray Industries Inc.
• Wanhua Chemical Group Co. Ltd.
• SGL Group
• Huntsman Corporation
• BASF SE
• Owens Corning
• The DOW Chemical Company
• Bayer AG
• Hexcel Corporation

Market Segmentation

The global Polyurethane Composites market is segmented on the basis of the type of product, application, and region. The segmentation study equips interested parties to identify high-growth portions of the global Polyurethane Composites market and understand how the leading segments could grow during the forecast period.

Product Segment Analysis by Types

• Glass Fiber Polyurethane Composites
• Carbon Fiber Polyurethane Composites

Application of Polyurethane Composites Market are

• Transportation
• Building and Construction
• Electrical and Electronics

Following regions are analyzed in Polyurethane Composites at a provincial level

• North America
• Europe
• China
• Japan
• The Middle East & Africa
• India
• South America

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The reports help to find the answers to the following questions:

• What is the present size of the Polyurethane Composites Market in the top 5 Global & American countries?

• How is the Polyurethane Composites market separated into various product segments & sub-segments?

• How is the market expected to grow in the future?

• What is the market potential compared to other countries?

• How are the overall Polyurethane Composites market and different product segments developing?

References

1. Global E-Glass Fiber Industry Market Research Report

2. Health Insurance Market Is Responsible For Increasing Market Share