Increased business interest in developing automotive coatings and adhesives creates attractive growth prospects in the global market

Albany NY, USA, May 03, 2022 (GLOBE NEWSWIRE) — The Global Polyurethane (PU) Dispersions Market (Aqueous and Solvent Based) is expected to register growth at a CAGR of 5.5% during the forecast period. from 2021 to 2031, says a study by Transparency Market Research (TMR).

In recent years, the demand for polyurethane coated floors has increased due to their many benefits, including aesthetic appearance and exceptional durability. This factor generates significant business opportunities in the global Polyurethane (PU) Dispersions (Aqueous and Solvent-Based) Market.

Wood flooring is increasingly used. This trend is expected to continue during the forecast period. Additionally, demand for one-component (1K) solvent-based and two-component (2K) water-based (WB) polyurethane (PU) coatings is expected to increase in commercial and residential sectors worldwide, notes the TMR study on the global market for polyurethane (PU) dispersions (aqueous and solvent-based).

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Many companies operating in the polyurethane (PU) dispersions market (water-based and solvent-based) are focusing on building their capacity to produce low volatility organic compounds (VOCs) and low odor coatings. These strategies help businesses meet the stringent environmental regulations of many countries around the world.

The Polyurethane (PU) Dispersions (Aqueous and Solvent Based) Market is expected to benefit from exceptional growth prospects in Asia-Pacific, driven by factors such as increasing production as well as usage of PUDs in several emerging countries, including China and India.

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The story continues

Polyurethane (PU) Dispersions Market (Aqueous and Solvent): Key Findings

• In recent years, there has been an increase in the use of bio-based materials instead of petroleum-based resources in the adhesive development process. In addition, the growing commercialization of biobased adhesives leads to additional costs related to the incorporation of materials into current technologies. Thus, many companies operating in the market of polyurethane (PU) dispersions (aqueous and solvent-based) are turning to the use of materials of vegetable origin in order to offer properties suitable for densely cross-linked networks.

• The major players operating in the global polyurethane (PU) dispersions market (aqueous and solvent-based) are working on critical projects in natural leather finishing, production of adhesives and textile finishing during the COVID-19 pandemic. In addition, several companies in the polyurethane (PU) dispersions market (aqueous and solvent-based) are focusing on increasing their production capacities of PUDs with customizable properties. In addition, they provide products that provide essential durability and flexibility to end users in important applications, notes the TMR study on the market for polyurethane (PU) dispersions (aqueous and solvent-based).

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Polyurethane (PU) Dispersions (Aqueous and Solvent-Based) Market: Growth Boosters

• The increasing use of water-based systems in the restoration of old wood floors as well as new unfinished wood floors in the construction industry is driving sales in the market

• Expanding Construction Industry Globally Expected to Drive Growth of Polyurethane (PU) Dispersions (Aqueous and Solvent-Based) Market

• Polyurethane (PU) Dispersions (Aqueous and Solvent Based) Market players are expected to gain lucrative opportunities with increasing usage of the products in textile finishing applications

• Growing focus of companies in the polyurethane (PU) dispersions market (both aqueous and solventborne) on expanding their product portfolio in automotive coatings is expected to fuel the market expansion

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Polyurethane (PU) Dispersions Market (Aqueous and Solvent): Key Players

Some of the key players profiled in the report are:

• Bayer MaterialScience AG

• Alberdingk Boley

• Chemtura Corporation

• BASF SE

• Mitsui Chemicals Inc.

• Dow Chemical Company

• Hauthaway Company

• Cytec Industries Inc.

• Lubrizol

Polyurethane (PU) Dispersions Market Segmentation (Aqueous and Solvent-Based)

Product

Application

• Fabric finish

• Natural leather finish

• Production of synthetic leather

• Others (Adhesives and Coatings)

Region

• North America

• Latin America

• Europe

• Asia Pacific

• Middle East and Africa

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Transparency Market Research is a global market intelligence company, providing global market intelligence reports and services. Our proprietary blend of quantitative forecasting and trend analysis delivers forward-looking insights to thousands of decision makers. Our experienced team of analysts, researchers and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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