Polyurethane Dispersions Market research report by Delvens focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity.
The Polyurethane Dispersions Market size is projected to reach a CAGR of 9.8% to 2028.
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Polyurethane dispersion (PUD) is simply a polyurethane polymer resin, which is dispersed in water. PUD is an anionic dispersion and has a high molecular weight. These dispersions are produced by the reaction of diisocyanates or polyisocyanates and polyols. Polyurethane dispersion is a technology that involves a two-phase system involving dispersion of polyurethanes into water and other liquefying agents. These products have excellent properties such as high tensile strength, thermal stability, aberration resistance and high elasticity.
The growing demand for PUDs is due to increasing industrialization, construction, and infrastructure activities in APAC, the Middle East & Africa, and South America, and growing demand for environmentally friendly solutions and processes are some of the factors that have supported long-term expansion for Polyurethane Dispersions Market.
Recent Developments
In February 2021, Lanxess signed a contract to acquire 100% share of Emerald Kalma chemical. With this acquisition, Lanxess expects an additional annual ebitda contribution of around USD 30 million.
In June 2020, BASF extended its packaging coatings production to South China. Customers will benefit from the short lead time and proximity to raw material supply.
Regional Analysis
The PUDs market in APAC is the largest market during the forecast period. The demand in APAC is driven by the growing industrial activities, increased consumer and infrastructural spending, and strong economic growth.
Key Players
· Michelman, Inc.
· The Lubrizol Corp
· Mitsui Chemicals Inc.
· Lamberti S.p.A.
· Perstorp Holding AB
· LANXESS AG
· Hauthaway Corporation
· Alberdingk Boley GmbH
· Chase Corporation
· Allnex
· Covestro AG
· VCM Polyurethanes pvt. Ltd
· Chemtura Corporation
· DowDuPont, Inc.
· BASF SE
· Cytec Industries, Inc. and More
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