TAGS: Sustainability / Natural Coatings Polyurethane Coatings
In terms of revenue, the global polyurethane (PU) dispersions (aqueous and solvent) market is estimated to expand at a CAGR of 5.5% by 2031.
Polyurethane dispersions ensure polyurethane-like-performance, with added advantages such as the absence of toxic and volatile organic compounds, elimination of odor, and the absence of harmful monomers. They possess high degree of toughness and are generally used in adhesives, sealants, and coatings.
PU Dispersions (Aqueous and Solvent) Market: Dynamics
Polyurethane dispersions refer to high solid dispersions of polyurethane polymers in water. They are mostly used for manufacturing polyurethane coatings and adhesives that contain low levels of organic compounds that are volatile which exhibit superior coating and
excellent adhesion properties for metals, wood, rubber, textiles, plastics, and other miscellaneous high performance substrates.
The global polyurethane dispersions market has been segmented into five key regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Asia Pacific was the largest market for polyurethane dispersions, which accounted for 36.6% share followed by Europe that accounted for 28.6% share of the global market in 2020.
Asia Pacific is the largest regional segment and is also expected to experience highest growth rate in the PUDs market due to the growing consumption as well as production of PUDs in emerging countries such as India and China. Alberdingk Boley, Bayer MaterialScience AG, BASF SE, Chemtura Corporation, and Hauthaway Corporation are some of the key participants of the PUD market.
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Source: TMR