November 4th,2022/Industry News Global/ -- The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Polyurethane Dispersions Market.
Polyurethane Dispersions Market report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
Polyurethane dispersions market is likely to witness an impressive CAGR of 9% during the forecast period.
Drivers
· The surge in demand and production of automotive, expanding construction industry after subprime and Euro-debt crises, high prospects from the textile and leather industry,
· The expanding range of applications is the prime factor that are driving the growth of the global polyurethane dispersions market.
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What are Polyurethane dispersions?
Polyurethane dispersions are actually polymer resins. There are two types of resins among which one is dispersible in water while the other is dispersible in a solvent. Polyurethanes with the functionality of carboxylic acid are synthesized to get this resin. These are used in a number of applications such as different types of coatings, and also anticorrosive uses.
Key Players
Alberdingk Boley GmbH
BASF SE
Cytec Industries Inc.
Covestro AG
Chase Corporation
Chemtura Corporation
Coim S.P.A.
ICAP-Sira Chemicals
Polymers S.P.A.
Lamberti S.P.A.
Lubrizol Corporation.
By Region
Asia-Pacific is the largest market for polyurethane dispersions and it is also expected to witness the highest growth during the forecast period.
China and India are the growth engines of the region. The market is driven by the growing demand from various end-use industries, such as coatings, leather production, and adhesives in the region. Rapid development in infrastructure and rising demand for coatings and adhesives in various end-use industries, such as automobile, textile, and leather are anticipated to drive the PUDs market in this region during the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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