Polyurethane Dispersion Market - To Grow At A CAGR Of 5.8% During 2015 to 2022

A recent study by Grand View Research, Inc. states that the total volumes in the polyurethane dispersion market surpassed 295 million tons in 2014. The market is foreseen to grow steadily, at a CAGR of 5.8%, during 2015 to 2022. It will be worth around USD 1.6 billion in 2022. Rising demand from end-use applications like leather, textiles, automotives, and furniture is a key reason for market growth. For Market Research Report on “Polyurethane Dispersion Market” Visit - http://www.grandviewresearch.com/industry-analysis/polyurethane-dispersion-market Leather and textile products are facing huge demand from the fashion industry and individual buyers.  The automotives sector is witnessing rapid development, especially in the emergent nations of Asia Pacific, Central America, and South America. Burgeoning worldwide population is fuelling the growth of the furniture and interiors industry. These factors, in turn, are augmenting the sales of the polyurethane dispersion market. The main raw materials needed for manufacturing polyurethane dispersion include Toluene Diisocyanate (TDI), polyols, and Methylene Diphenyl Diisocyanate (MDI). Fluctuations in the pricing of these raw materials adversely affect the operating costs and profitability. This may hinder market growth. Water-based polyurethane dispersion, with a share of 52%, was the dominant product in 2014. Favorable regulations have had a positive effect on water-based polyurethane dispersion. The segment will grow at over 6.3% CAGR from 2015 to 2022. Solvent-based polyurethane dispersion is anticipated to grow at 7.2% CAGR in the aforementioned period. Synthetic leather applications, with volumes exceeding 36 kilo tons, generated the highest polyurethane dispersion market demand in 2014. This segment will grow at a CAGR of 7.4% over the next seven years. The automotives sector uses polyurethane dispersion as an adhesive for interior components like dashboards, instrument panels, gear boxes, and seats. The entry of new vehicular models, and expanding production capabilities at a global scale will also lead to greater demand for polyurethane dispersion. Asia Pacific led the global market in 2014. It will grow at a CAGR of 7.5% from 2015 to 2022, and stick to its position during the same period. The European polyurethane dispersion market was the second-largest in 2014, followed by North America. North America would grow at around 5.3% CAGR from 2014 to 2022. The leading market players are BASF SE, Dow Chemical Company, Cytec Industries Inc., Alberdingk Boley GmbH, Chemtura Corporation, Hauthaway Corporation, and Lubrizol Corporation. The polyurethane dispersion market is highly competitive, with collaboration as the key strategy for expansion. Polyurethane Dispersion Market Information Source: Grand View Research  

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