TAGS: Polyurethane Adhesives Waterborne Adhesives Solvent borne Adhesives
The global polyurethane dispersions (PUDs) market is projected to be worth US$ 2.90 billion by 2027, registering a CAGR of 6.8% between 2022 and 2027 according to a new report by Market Research Engine (MRE).
Polyurethane dispersions (PUDs) are emerging water-based coating materials that are made up of solvent-based analogy. It is an aqueous and anionic dispersion of high molecular weight aliphatic polyester polyurethanes. Polyurethane dispersions (PUDs) are employed to prepare polyurethane applications that contain very low volatile organic compounds (VOCs). Properties like abrasion resistance, impact strength and low temperature flexibility are the dynamic forces leading to growing usage in many applications.
Offers Excellent Adhesion Properties
Global polyurethane dispersions (PUDs) market is divided as water based and solvent based polyurethane dispersions categories based on their product type. It helps in manufacturing of low levels of organic compounds. These compounds are volatile and exhibit superior coating and excellent adhesion properties.
Polyurethane dispersions (PUDs) are notably applied for wall paints, wood coatings, leather finishes, textiles finishes, plastics and metal coating, and high performance substrates, etc. However, it is a miniscule industry, but it has a huge potential to conquest the latexes and emulsions markets. Polyurethane dispersions (PUDs) as adhesives, are used widely on instrument panels, dashboards, interior door panels, gearshift levers, automotive seats, and others.
Major demand for this market rises from the synthetic leather production industry. This segment has other primary applications such as natural leather finishing, textile finishing, automobiles, furniture and interiors, and other applications. Relevantly, our reports and company profiles specifies the key drivers that are impacting the demand in global polyurethane dispersions (PUDs) market.
Increased Demand for Water-based PUDs
Owing to the stringent environmental regulations on solvent-based polyurethane dispersions (PUDs), the water based PUDs are gaining immense market growth. In the near future, solvent-based dispersions will be totally replaced by aqueous based dispersions – a form of water-based material. For cost effectiveness, this material is blended with acrylic emulsions because of comparable properties, as MDI and TDI are expensive.
As they have remarkable properties such as flexibility, corrosion resistance, weather stability, scratch resistance, easy cleaning, abrasion resistance, and tensile strength, they are profoundly used in industries like automotive, textile, leather, interior and exterior furniture, footwear and many other applications.
Leading companies in this market are Bayer Material Science AG, BASF SE., Chemtura Corporation, Dow Chemical Company, Mitsui Chemicals Inc., and Cytec Industries Inc., etc. these companies are continuously making research to find effective and cheaper application of this material. Such market giants are enormously spending on the research and development to acquire the future market.
Source: Market Research Engine