The global polyurethane dispersion (PUD) market is expected to reach USD 1.6
billion by 2022, according to a new report by Grand View Research, Inc. Growth of
the key end-use industries including automotives, packaging, furniture, textile
and leather is expected to drive the global polyurethane dispersion market over
the forecast period. Civil unrest in Middle East and North Africa coupled with
depleting crude oil reserves has been major factor influencing petrochemical
prices globally. Volatile MDI and TDI prices are expected to remain a key
challenge for market participants over the next seven years.
Global
polyurethane dispersion market size exceeded 290 kilo tons in 2014. Leather and
textile industry were major end-use application industries in 2014. Growing
leather and textile products demand in daily life as well as the fashion
industry is expected to drive the global market over the forecast period.
It also finds application in automotive
industry. Automotive production has witnessed rapid growth over the recent
past, particularly in the developing regions such as Asia Pacific and Central
& South America. These regions along with experiencing rapid growth in
automobile demand also offer low manufacturing cost to manufacturers. Various
government policies such as “Make in India” have encouraged FDI in the
automotive sector.
Access
Research Report of Polyurethane Dispersion Market @ http://www.grandviewresearch.com/industry-analysis/polyurethane-dispersion-market
Water based PUD was the leading product
segment and accounted for 53.8% of total market volume in 2014. Favorable
regulatory norms for water based dispersants have resulted in the rise in
consumption. It is also expected to witness the highest growth of 6.4% from
2015 to 2022. Stringent regulations particularly in developed economies of
North America and Europe are expected to retard growth of solvent based PUD.
Further key findings from the report suggest:
· Global polyurethane dispersion (PUD) market
size was 296.4 kilo tons in 2014 and is expected to grow at a CAGR of 5.9% from
2015 to 2022.
· Automotive, packaging, interiors and
furniture are key application for PUD. Growth of these industries in BRICS
market is expected to fuel PUD demand over the forecast period. Synthetic
leather is expected to witness significant gains in its market size. The
segment is expected to grow at an estimated CAGR of 7.5% from 2015 to 2022.
· Asia Pacific was the leading regional
market with demand share estimated at 37% in 2014. Positive outlook on
automotive and textile industries in China, India and Indonesia is expected to
drive the regional growth. Asia Pacific is also expected to witness the highest
growth of 6.5% from 2015 to 2022.
· PUD industry is moderately concentrated
with high degree of competitiveness among the market participants to gain
market share. Key industry participants have been focusing on consolidation of
industry. High concentration of unorganized manufacturers in China is expected
to pose challenge for market leaders in terms of price and product offerings.
Major companies operating in the global market players include BASF, The Dow
Chemical Company, Bayer MaterialScience and Cytec.
Grand View Research has segmented the
polyurethane dispersions (PUD) market on the basis of product, application and
region:
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
PUD Regional Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2012 - 2022)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Polyurethane Dispersion Market@ https://www.grandviewresearch.com/press-release/global-polyurethane-dispersion-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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