What are the Key Opportunities for Polyurethane Dispersion Manufacturers Sustainable packaging has become the need of the hour in recent years on account of rising demand for compostable raw materials. Future development of bio-degradable packaging material is expected to be highly reliant on improved adhesives, which, in turn, are dependent on water-based polyurethane dispersion. For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=5770 Besides, use of a multitude of variants of plastics in modern cars needs superior adhesion for a smoother appeal, which requires automakers to trace back the adhesive manufacturing technology of their raw material suppliers. These factors promise significant opportunities on offer for polyurethane dispersion manufacturers. As per a new report published by Fact.MR, the global polyurethane dispersion (PUD) market is anticipated to exceed a valuation of US$ 1.9 Bn by the year 2021, and is expected to expand at an impressive CAGR of close to 8% over the forecast period of 2021 to 2031. For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=5770 Key Takeaways from Market Study
In 2020, South Asia and East Asia together accounted for over 50% revenue of the global polyurethane dispersion market. The market in South Asia is estimated to grow nearly threefold from 2021 to 2031. Water-based polyurethane dispersion accounts for over 55% of the global market revenue. The market is expected to generate over US$ 1.2 Bn revenue from leather finishing applications. The global market is moderately concentrated, where companies such as BASF, Bayer, The Dow Chemical Company, Alberdingk Boley, and Covestro account for a majority of the market share.
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Water-based polyurethane dispersion is likely to make quick in-roads across regions, replacing solvent-based products on a large scale. This is compelling companies across the world to boost their production capacity of water-based products. Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/10/01/1923437/0/en/FactMR-s-Report-Highlights-Accelerating-Sales-of-Construction-Polymers-asInfrastructure-Projects-Ramp-Up-in-Developing-Countries.html About Us: Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner. Contact: US Sales Office: 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583 Corporate Headquarter: Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A, Jumeirah Lakes Towers, Dubai, United Arab Emirates Email: sales@factmr.com Visit Our Website: https://www.factmr.com