Polyurethane Dispersions Market Share Will Take a Big Hit in the Coming Years

 The Global Polyurethane Dispersions (PUDs) Market size, in terms of value, is projected to reach USD 2.04 Billion by 2020, at a CAGR of 6.8% between 2015 and 2020. In terms of volume, the market is projected to reach 402.3 kilotons by 2020, at a CAGR of 5.1% during the forecast period.

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 Water-Based Polyurethane Dispersions: The largest type of polyurethane dispersions 

The water-based polyurethane dispersions are of great importance due to their extraordinary characteristics of containing lower levels of volatile organic content (VOC). Water-based polyurethane dispersions are environmentally friendly and are used in various industries, majorly in paints & coatings. In addition to this, they are used as binders in hygiene coatings, insulating coatings, concrete sealers, industrial coatings, architectural coatings, paper coatings, leather & textile finishing, printing ink, and various other applications. With the growing governmental regulations in developed & emerging economies to keep the VOCs below 350 g/l are expected to drive the water-based polyurethane dispersions market in coming future.

Coatings: The largest application market for polyurethane dispersions 

The coatings industry is the largest application of polyurethane dispersions globally. Polyurethane dispersions are used widely for coatings application in various end-use industries such as construction, automotive, aerospace, electronics, leather, textile, wood, and other. Owing to their impressive resistance to corrosion, abrasion, and excellent mechanical properties, polyurethane dispersions are turning out to be a popular material preferred for coatings in industrial and architectural sectors. Additionally, coatings market is expected to boost further with the shift in industries from developed to developing economies, particularly from the U.S. to China. Different types of coatings such as decorative coatings, industrial coatings, architectural coatings, and maintenance coatings market are growing individually.

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