Global Polyurethane Dispersions Market 2017-2021
About Polyurethane Dispersions
Polyurethane dispersions are materials that are used as binders and consist of water and a dispersed plastic that belongs to the polyurethane class of chemicals. Polyurethane is an important material that is used in paints and coatings. It consists of water and a dispersed plastic that belongs to the polyurethane class of chemicals. Polyurethanes are mainly used as binders in various applications. They are also used as a raw material in the production of various technology products.
Technavio’s analysts forecast the global polyurethane dispersions market to grow at a CAGR of 6.78% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global polyurethane dispersions market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Polyurethane Dispersions Market 2017-2021
Technavio recognizes the following companies as the key players in the global polyurethane dispersions market: BASF, Covestro, Mitsui Chemicals, The Dow Chemical Company, and The Lubrizol Corporation.
Other Prominent Vendors in the market are: ALA Exim, Alberdingk Boley, allnex group, Bond Polymers International, Capital Resin Corporation, Chase Corporation, C. L. HAUTHAWAY & SONS, COIM, Cytec Solvay Group, KAMSONS CHEMICALS, Lamberti, Marathwada Chemicals, Perstorp, SNP, Taiwan PU Corporation, and VCM polyurethanes.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing demand for water-based polyurethane dispersions. The demand for water-based polyurethane dispersions is growing rapidly in the polyurethane dispersions market. Due to environmental legislations such as the Clean Air Act and other regulations, water-based polyurethane dispersions are expected to become an effective substitute for solvent-based polyurethane dispersions.”
According to the report, one driver in the market is growing application in automotive and industrial coatings. Polyurethane dispersions are used in many industrial applications where elastomeric properties, high abrasion resistance, and high extensibility at low temperature are required. Polyurethane dispersions are gaining momentum in coatings, especially in the construction, automotive, and aerospace industries, due to their high toughness, flexibility, and resistance. Polyurethane dispersions, when used in coatings, make them more durable, easy to use, and environment-friendly. Polyurethane dispersions also deliver good chemical and alkali resistance properties when used in paints and coatings.
Further, the report states that one challenge in the market is high cost of production. The polyurethane dispersions market is capital-intensive. It involves huge investments at the initial stages. As the raw materials required for the production of polyurethane dispersions such as polyols and isocyanates are high in cost, its manufacturing process becomes costly. Along with this, the machinery and equipment used in the production of polyurethane dispersions are also expensive. Thus, it requires a huge amount of money during the entire manufacturing process.
BASF, Covestro, Mitsui Chemicals, The Dow Chemical Company, The Lubrizol Corporation, ALA Exim, Alberdingk Boley, allnex group, Bond Polymers International, Capital Resin Corporation, Chase Corporation, C. L. HAUTHAWAY & SONS, COIM, Cytec Solvay Group, KAMSONS CHEMICALS, Lamberti, Marathwada Chemicals, Perstorp, SNP, Taiwan PU Corporation, and VCM polyurethanes.
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