The global polyurethane dispersions (PUDs) market is led by companies such as Alberdingk Boley, BASF SE., Bayer MaterialScience AG, Chemtura Corporation, Mitsui Chemicals Inc., Dow Chemical Company, Cytec Industries Inc., Lubrizol, and Hauthaway Corporation, states a new report by Transparency Market Research (TMR). The market for polyurethane dispersions is highly fragmented. Players in the industry are investing in research and development so as to expand the application area of polyurethane dispersions. Product variation is another area by which players are trying to compete with each other.

(PUDs) industry is anticipated to reach US$1.18 bn by 2018

According to the market research report by the market intelligence firm, TMR, the global polyurethane dispersions (PUDs) industry is anticipated to reach US$1.18 bn by 2018. By product, the market is segmented into water based polyurethane dispersions and solvent based polyurethane dispersions. In terms of application, the global polyurethane dispersions market is segmented into textile finishing, natural leather finishing, synthetic leather production, and other applications. In terms of consumption, the global polyurethane dispersions market global polyurethane dispersions market is primarily driven by the growth of the textile finishing industry, and higher production of synthetic leather. Polyurethane dispersions refer to high solid dispersionis led by the others segment, which comprises adhesives and coatings. Also, the synthetic leather market segment is expected to witness a healthy growth in the coming years. The high demand for synthetic leather from industries such as automobile, interiors, and furniture is likely to be the reason behind the robust growth of this segment.

Source: transparency market research