Zion Market Research has published a new report titled “Global Polyurethane Dispersions Market by Product (Solvent Based Dispersion and Water-Based Dispersion) for Coatings, Synthetic Rubber, Leather Production, Textile Finishing, Adhesives & Sealants and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”. According to the report, global polyurethane dispersions market was valued at USD 1.46 billion in 2015 and is expected to reach USD 2.13 billion in 2021, growing at a CAGR of 6.5% between 2016 and 2021.
Polyurethane dispersions are the polymers containing organic chains linked by urethane polymers. Polyurethanes dispersions are classified as thermosetting polymers and thermoplastic polymers. Low density, flexibility, durability, resistance to abrasion & fatigue, strength are important characteristics of polyurethane dispersions. Water-based polyurethanes and solvent based polyurethanes are the product segments of polyurethane dispersions market. Water-based polyurethanes dispersions being eco-friendly has outclassed solvent based polyurethanes dispersions market. Polyurethanes dispersion is the two-component technology that involves the dispersion of polyurethanes into the liquefying agents.
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The most dominant segment for polyurethane dispersion is used in coatings. Textile, automobile, construction, leather industries, aerospace, furniture are the main sectors for polyurethanes dispersions application. Polyurethanes are characterized with flexibility, durability, resistance to abrasion & fatigue, strength; hence have major applications in coatings. Textile finishing, leather production and finishing, paper coating, ink dispersions are the other applications for polyurethane dispersions market. Construction and automobile are other major segments of polyurethanes dispersions market. Adoption of new trends in construction market is another driving factor for adhesives & sealants market. On account of unique properties polyurethanes, dispersions also have great applications in insulation, fiber optics, elastomers and other applications.
Global polyurethane dispersions market is expected to reach USD 2.13 by the year 2021 owing to the major application in coatings segment at the CAGR of 6.5%. A specialty coating is another important application segments. Polyurethane dispersions are the ideal material with significant performance with growing environmental regulations on low volatile organic compounds (VOC), in turn growing the coating applications in polyurethane dispersions market. Adhesives on the polyurethane dispersions are used for laminating foot panels of furniture, automobile interior parts and also for sealing of shoe soles.
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In terms of demand, Asia-Pacific was the largest regional segment of the global polyurethane dispersions market in 2015. It is expected to be the fastest and highest growing market for polyurethane dispersion. The highest growth is witnessed as a result of economic expansion, rapid industrialization and growing infrastructure in this region. Economic growth of the region is expected to increase the demand for polyurethane market. Leap in the demand for polyurethane dispersion market is vigorous in this region owing to rapid development in the segments of coatings, adhesives, leather production etc. with China being the most dominating market. In developing economies such as India, Germany, France, China and Italy the polyurethane dispersion market is expected to take a leap in the forecast period. North America and Europe are expected to witness the boost in the market owing to the industrial expansion and growing infrastructure.
Key players in the global polyurethane dispersions market include Mitsui Chemicals Inc., Alberdingk Boley GmbH, Chemtura Corporation, Covestro AG, COIM, Lamberti SPA, The Dow Chemical Company, ICAP-SIRA Chemicals, BASF SE, Chase Corporation
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This report is based on in-depth qualitative and quantitative analyses of the global Polyurethane Dispersions market. Zion Research has collected and analyzed key data belong to the global Polyurethane Dispersions market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts’ opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Polyurethane Dispersions across the world has been calculated through primary and secondary research.
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Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Polyurethane Dispersions industry. Primary research makes up the major source of data collection and validation.
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
- Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
- Helps in validating and strengthening the secondary research findings
- Further, develops the analysis team’s expertise and market understanding
- Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies
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Participants who typically participate in such a process include, but are not limited to:
- Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
- Purchasing managers, technical personnel, distributors and resellers
- Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary research sources that are typically referred to include, but are not limited to:
- Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
- IDC and other relevant magazines
- Internal and external proprietary databases, and relevant patent and regulatory databases
- National government documents, statistical databases and market reports
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Polyurethane Dispersions market.
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
- Demographic data: Population split by segments
- Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
- Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
- Data is then cross-checked by an expert panel.
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