The changing dynamics in Polyurethane Dispersions Market with covid-19 impact assessment
June 03, 2020
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.
It was estimated prior to this unanticipated outbreak that the Polyurethane Dispersions Market was expected to grow at a CAGR of 9.0% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
For a more detailed breakdown of the COVID-19 impact on the Polyurethane Dispersions Market, request a free sample of the report here:
https://www.stratviewresearch.com/Request-Sample/575/polyurethane-dispersions-market.html
Surge in demand and production of automotive, expanding construction industry after subprime and Euro-debt crises, high prospects from textile and leather industry, and expanding range of applications are the prime factors that are driving the growth of the global polyurethane dispersions market.
Polyurethane dispersions are actually polymer resin. There are two types of resins among which one is dispersible in the 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.
Polyurethane dispersions are also highly used in designing devices and so on. Coatings, adhesives, synthetic leather, and fiberglass are some of the industries where they are used.
This 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.
Click here for description of the report:
https://www.stratviewresearch.com/575/polyurethane-dispersions-market.html
Based on the type, the market is segmented as water-based polyurethane dispersions and solvent-based polyurethane dispersions. The water-based polyurethane dispersions segment is estimated to be the larger and faster-growing segment in the coming five years. Moreover, water-based polyurethane dispersions are versatile and environmentally friendly coating materials that are employed in an extensive range of film hardness and solid content. They do not contain free isocyanate residuals and deliver high-blocking resistance, weather resistance, long-term flexibility, UV resistance, and high abrasion resistance.
Based on the application type, the market is segmented as coatings, adhesives & sealants, synthetic leather production, fiber glass sizing, and others. The synthetic leather production segment is estimated to be the fast growing application during the forecast period. This growth is attributed to the major industrial manufacturers who are employing synthetic leather in footwear, handbags, apparels, automotive, interior, and other sectors. Further, PUD synthetic leather offers low volatile organic compound and has environmental friendliness. High-solid polyurethane dispersions enable it to economically yield synthetic leather without the usage of solvents. Thus, the increasing production of synthetic leather demands for high amount of polyurethane dispersions which ultimately bolsters the PUDs market for this application.
In terms of regions, Asia-Pacific is the largest market for polyurethane dispersions and it is also expected to witness high 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.
Key Players:
The key layers of Polyurethane Dispersions are Alberdingk Boley GmbH, BASF SE, Cytec Industries Inc., Covestro AG, Chase Corporation, Chemtura Corporation, Coim S.P.A., ICAP-Sira Chemicals and Polymers S.P.A., Lamberti S.P.A., Lubrizol Corporation.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Polyurethane Dispersions Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Know more about us and our reports:
Stratview Research has been offering its insightful reports and custom researches to the interested clients in some of important industry sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. The data is collected for the reports is collected from reliable sources and is analysed carefully to come up with an end result that is resourceful and worthy for the interesting clients.
Phone No. - +1-313-307-4176
Email - sales@stratviewresearch.com
Website - https://www.stratviewresearch.com/