The global market for waterborne polyurethane market is expected to surge ahead at an astral rate over the coming years. A report prepared by the researchers at Transparency Market Research (TMR) throws light on the drivers of demand within the global market for waterborne polyurethane. The title of the report is ‘Waterborne Polyurethane Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024’. The usage of waterborne polyurethane across several industrial domains is expected to boost demand within the global market. Waterborne polyurethane has high stability because of which it is easy to use for a number of commercial and industrial applications. As the name suggest, waterborne polyurethane dispersions (PUDs) use water as the primary solvent for adhesive and coatings.
The splendid properties of PUDs have come to light across several industries which has enhanced the prospects of growth within the global market for waterborne polyurethane. Furthermore, a number of stipulations have been made by the government with regards to the usage of volatile organic compounds (VOCs). This has also been an integral factor in deciding the fate of the global market for waterborne polyurethane. It is anticipated that the market would experience increased demand over the coming years on account of the growing popularity of waterborne polyurethane dispersions.
The constructions industry encompasses a wide range of processes that need to be carried out with a high level of effectiveness. The usage of waterborne polyurethane in several of these processes has driven demand within the global market for waterborne polyurethane. A number of commercial and residential spaces have started using wooden floorings and panels for which waterborne polyurethane is extensively used. Moreover, vinyl coatings, textile coatings, and film coatings are being used to provide state of the art ambience to houses and workspaces. This has also necessitated the use of waterborne polyurethane during constructions and has created growth spaces for market players. Overprint varnishes, leather surfaces, paper coatings, and inks are amongst other processes and materials where waterborne polyurethane is extensively used. Glass fibers have come to become an important part of several industrial processes, and lately, manufacturers have started using waterborne polyurethane to coat glass fibers. Apart from this, gloves, threads and ropes, soccer balls, and fabric binders are also coated with waterborne polyurethane, which further propels demand within the global market.
The commercial, industrial, and residential sector of countries such as India, Malaysia, China, and Indonesia have begun using waterborne polyurethane for several applications. Hence, the market for waterborne polyurethane in Asia Pacific is expected to outrun all other regional segments.
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Some of the leading players in the global market for waterborne polyurethane are BASF SE, Henkel AG & Co. KGaA, Bayer MaterialScience, The Dow Chemical Company, and PPG Industries, Inc.