Global Polyurethane Dispersions Market: Trends and Forecasts up to 2023
INFINIUM GLOBAL RESEARCH
Global Polyurethane Dispersions Market: Trends and Forecast -2023
INTRODUCTION REPORT DESCRIPTION Polyurethane dispersions (PUD) are high solid dispersions of polyurethane polymers in water. They are solvent based and widely used in applications such as textile, leather, adhesives, and coatings. On the basis of product type global polyurethane dispersions market can be segmented as water based polyurethane dispersions and solvent based polyurethane dispersions. Water based polyurethane dispersions have attributes such as heat resistant, endurance and fast drying. They have lower amount of volatile organic compounds and hazardous air pollutants. Water based polyurethane dispersions are largely used over solvent based product type due to its environment friendly behavior that make them more suitable for manufacturers to comply in accordance with government regulations. On the basis of applications global polyurethane dispersions market can be segmented as natural leather finishing, textile furnishing, synthetic leather production and other applications such as coatings and adhesives. This report estimates the market size of Polyurethane dispersions in terms of both value (USD million) and volume of consumption (kilotons) over the period of 2015 to 2023. The year 2017 is considered to be a base year, and 2017 to 2023 is considered to be a forecast period. Moreover, the market sizes for Polyurethane dispersions in numerous applications is estimated both in terms of value and volume. This market research study provides detailed qualitative and quantitative analysis of the global Polyurethane dispersions market. Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of Polyurethane dispersions. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific, Latin America and Rest of the World (RoW). The market size and forecasts are also given for these regions. Countries with major market volumes and revenues are covered for each of the region 2
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Global Polyurethane Dispersions Market: Trends and Forecast -2023
Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of Polyurethane dispersions market. Moreover, the study highlights current market trends and provides forecast from 2014 to 2023. We also have highlighted future trends in the global Polyurethane dispersions market that will impact the demand during the forecast period. The IGR- Growth Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly. SEGMENTATION AND RES EARCH SCOPE
POLYURETHANE DISPERSIONS MARKET SEGMENTATION Polyurethane dispersions Market Types • Water-based polyurethane dispersions • Solvent-based polyurethane dispersions
Region
Application • Natural leather finishing • Textile furnishing • Synthetic leather production • Others (coatings and adhesives)
• • • • •
North America Europe Asia Pacific Latin America RoW
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Global Polyurethane Dispersions Market: Trends and Forecast -2023
RESEARCH METHODOLOGY METHODOLOGY
Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the Polyurethane dispersions market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days.
RESEARCH METHODOLOGY: AN OUTLINE • Primary sources of the information and data include • Industry Experts/ consultants Primary Research
• Top level executives in the key market players • Subject matter experts • Academicians and research scholars • Secondary sources of the information and data include • Company annual reports
Secondary
research
• Government/institutional publications • Trade and associations’ journals
• Databases • Websites and publications by research agencies • Others
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Global Polyurethane Dispersions Market: Trends and Forecast -2023
DATA COLLECTION MATR IX :
RESEARCH METHODOLOGY: DATA COLLECTION MATRIX
Demand Side analysis
Global market size (Consumption)
Supply Side Analysis
Production +Import -Export
Data collection matrix explains the triangulation of the data collected to arrive at the market size of the global Polyurethane dispersions market. The supply side analysis considers the production of Polyurethane dispersions. The supply side analysis also takes into consideration the suppliers of raw materials, the manufacturers and other stakeholders involved into supply of the Polyurethane dispersions. The demand side analysis considers the applications areas of the Polyurethane dispersions market. In this approach the various industry players are considered. The application areas provide the data of consumption of Polyurethane dispersions in the regional as well as global markets. Moreover, this approach helps analyze the future trends and the market size of the global as well as regional Polyurethane dispersions market. In order to arrive at the market size as well as to validate the data findings from supply and demand side analyses the import, export and production data are considered. The consumption in the global, regional as well as country markets is estimated using the following formula Consumption= (Production + Import) – Export 5
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Global Polyurethane Dispersions Market: Trends and Forecast -2023
RESEARCH APPROACHES- BOTTOM UP Arriving at global
market size Market share of key players Bottom-Up Approach
Key Market
Players Arriving at
regional/country market size
• Accumulation of the country level market size (value and volume) • Regional market size of Polyurethane dispersions and its
applications
• Segment revenue of the key players
• Country level market size by product types and applications (Value and volume)
• Identifying key players in the Polyurethane dispersions market
• Accumulation of the regional/country market size (value and volume) • Global market size of product types and applications
The study on global Polyurethane dispersions market provides deep insights into the trends and opportunities in the market for the forecast period 2016 to 2023. Moreover, the market estimates are provided in terms of revenue in USD million and volume in Kilo tons. Furthermore, the research covers the analysis of the various segments in the global Polyurethane dispersions market. The estimates in the global Polyurethane dispersions market are based on both bottom-up and top-down approaches. In the bottom-up approach the revenues of the key players are determined and added to arrive at country or regional markets size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of Polyurethane dispersions market. In the top-down approach the global market size is estimated based on the secondary research and historic data. Using this approach the regional market size is obtained by splitting the global number by percentage share of each region such as North America, Europe, Asia Pacific, Latin America and RoW. The regional market was then divided as
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Global Polyurethane Dispersions Market: Trends and Forecast -2023
per the market share of the application segments such as Natural leather finishing, Textile furnishing, Synthetic leather production and others (coatings and adhesives). EXECUTIVE SUMMARY GLOBAL POLYURETHANE DISPERSIONS MARKET HIGHLIGHTS, (USD MILLION) The global Polyurethane dispersions market is expected to grow at a CAGR of 6.1% between 2017 and 2023. One of the major drivers in the global polyurethane dispersions market is demand from adhesives and coatings industry. Growing demand for textile and leather products in daily life and from industries such as furniture, automobiles and interior has paced up the market. Another characteristic that is augmenting the market growth is eco-friendly behavior of polyurethane dispersions. Furthermore, several advantages such as absence of volatile organic compounds (VOC), harmful monomers and other toxic compounds and elimination of odor along with polyurethane-like performance have increased its demand globally. Polyurethane dispersions hold high degree of toughness due to which demand is largely triggered in coatings, paints and adhesive industries driving the market growth globally. In coming future, new regulations are expected to cut the amount of VOC allowed in paints, coatings and adhesives this is expected to serve potential opportunities to the global polyurethane dispersions market to flourish. Asia-Pacific is the largest revenue generating segment it is mainly driven by large scale production and consumption of polyurethane dispersions in developing countries India and China. Europe is the second biggest market for polyurethane dispersions market followed by North America. They are expected to witness moderate growth due to saturation of end use industries. Some of the key players in the global polyurethane dispersions market are Bayer MaterialScience AG, BASF SE, Alberdingk Boley, Chemtura Corporation, Dow Chemical Company, LyondellBasell, Reichhold, Stahi, DSM Neoresins, Hauthaway Corporation, Mitsui Chemicals Inc., Lubrizol and Cytec Industries Inc.
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Global Polyurethane Dispersions Market: Trends and Forecast -2023
GLOBAL POLYURETHANE DISPERSIONS MARKET CAGR (VOLUME) GROWTH BY REGIONS
xx.x xx.x xx.x
xx.x xx.x 2015
2015
2021
CAGR: X.X%
2021
xx.x
CAGR: X.X% 2015
2021
CAGR: X.X%
The Asia-Pacific region is expected to grow at the highest CAGR of x.x % over the forecast period. The market volume of Asia-Pacific Polyurethane dispersions market was XX.X kilo tons in 2015 and it is projected to reach XX.X kilo tons in 2023. Among the geographies, Asia-Pacific dominates the global Polyurethane dispersions market in terms of volume of consumption.
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Global Polyurethane Dispersions Market: Trends and Forecast -2023
MARKET OVERVIEW AND COMPETITIVENESS DRO ANALYSIS DRO stands for drivers, restraints and opportunities. The DRO analysis involves, identifying the factors that are likely to have impact on the global Polyurethane dispersions market. It covers analysis of short term and long term impact of drivers and restraints. Through this analysis both short term and long term opportunities are identified. These opportunities present the investment options and new markets for the market players in the Polyurethane dispersions market. Drivers refer to the factors that are expected to drive or boost the market size or demand for Polyurethane dispersions. The analysis involves identification of both demand side and supply side factors that drive the demand as well as environmental factor that favor the market conditions for growth of Polyurethane dispersions market both in short run and long run. DRIVERS OF POLYURETHANE DISPERSIONS MARKET, IMPACT ANALYSIS Driver
Short term Impact
Mid term Impact
Long term impact
Driver 1
Driver 2
Driver 3
Low
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Moderate
High
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Global Polyurethane Dispersions Market: Trends and Forecast -2023
DRIVERS OF POLYURETHANE DISPERSIONS MARKET, IMPACT ANALYSIS Restraints
Short term Impact
Mid term Impact
Long term impact
Restraints 1
Restraints 2
Low
Moderate
High
IGR- GROWTH MATRIX ANALYSIS Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments. It helps identify the most attractive segment for the investment purpose and helps the companies to make better decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the product segment and application segment based on the market size, growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers Risky Zone: Low market size and low growth rate. Investment in this segment is risky Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment. Companies may focus on extensive marketing and advertisements Consolidation zone: High growth rate and high market size, the companies operating in the segments that have high market size and high growth should focus on consolidating their market position in these segment. Mergers and acquisitions, extensive marketing programs, and new product developments 10
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Global Polyurethane Dispersions Market: Trends and Forecast -2023
can be used as marketing strategies to consolidate the market in these segments. Opportunity Zone: High growth low market size Safe Zone: Moderate growth and moderate market size.
IGR- GROWTH MATRIX ANALYSIS Growth Rate
High
Consolidation zone
Opportunity zone
Low Risky zone
Retention zone High
Low North America
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Europe
Asia-Pacific
Market Size
Rest of the World
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Global Polyurethane Dispersions Market: Trends and Forecast -2023
NORTH AMERICA POLYURETHANE DISPERSIONS MARKET BY PRODUCT, 2015 - 2023 (USD MILLION) BY geography revenue
2017
2023
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