The Japan aqueous polyurethane dispersion (PUD) market size is projected to reach USD 160.9 million by
2025, according to a new report by Grand View Research, Inc., progressing at a
CAGR of 6.7% during the forecast period. Surging demand from end-use industries
such as paints & coatings and leather is estimated to help the market gain
significant momentum over the coming years.
Favorable environmental regulations are
expected to help play an important role in triggering the demand for aqueous
PUD. However, volatile raw material prices are anticipated to limit the market
from realizing its utmost potential. Strong presence of global suppliers is
likely to ensure regular raw material flow to aqueous PUD manufacturers.
There has been a steady shift from
solvent-based polyurethane (PU) systems to aqueous polyurethane dispersions
(PUD) in various applications over the past few years. Key drivers influencing
this shift are governmental regulations requiring manufacturers to lower total
volatile organic compounds (VOCs) and soaring need to lower system costs.
Flexible polymer design of the product makes them ideal for use in several
diverse applications, thereby supporting the growth of the market.
Aqueous PU dispersions can be formulated
into adhesives and coatings containing little to no co-solvent, and hence are
nonflammable, nontoxic, and do not pollute the environment. Such environmental
advantages, coupled with increasing solvent price and quality of raw materials,
are augmenting their application in adhesives, fiber sizing, and textile
coatings for a variety of polymeric materials and glass surfaces.
Booming luxury leather goods, coatings, and
adhesives segment in Japan is stimulating the use of aqueous polyurethane
dispersion. There are multiple global companies established in Japan that are
working to innovate coating composites based on aqueous polyurethane
dispersions. The current technology of coating agents comprises of
high-performance polyurethane dispersions, which possess particular
physico-chemical properties.
Full Research
Report On Japan aqueous polyurethane
dispersion (PUD) market Analysis:
https://www.grandviewresearch.com/industry-analysis/japan-aqueous-polyurethane-dispersion-pud-market
https://www.grandviewresearch.com/industry-analysis/japan-aqueous-polyurethane-dispersion-pud-market
Further key findings from the report suggest:
·
The two-component polyurethane
segment is poised to reach USD 71.0 million by 2025, expanding at a CAGR of
4.0% from 2017 to 2025
·
In terms of revenue, the
water-based paints segment is projected to exhibit a CAGR of 3.3% over the
forecast period, since they are increasingly being preferred over solvent-based
paints
·
The revenue for component
polyurethane is estimated to reach USD 53.0 million by 2025, rising at a CAGR
of 2.8% from 2017 to 2025
·
Leather finishing agents
application is expected to be the fastest-growing segment in terms of revenue,
owing to their increased application scope in the adhesives industry
·
Some of the key companies
present in the market are Covestro, Royal DSM, UBE Industries Ltd, Stahl,
Chemtura Corporation, and Lubrizol Corporation. Players in the market are
pouring hefty funds into product portfolio expansion in order stay ahead in the
competition.
View More Reports Of This Category By Grand View Research
At:
https://www.grandviewresearch.com/industry/bulk-chemicals
https://www.grandviewresearch.com/industry/bulk-chemicals
Grand View Research has segmented the Japan
aqueous polyurethane dispersion (PUD) market on the basis of product and
application.
Japan Aqueous Polyurethane Dispersion (PUD) Product
Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
Component Polyurethane
·
Two-component Polyurethane
·
Urethane Modified
Japan Aqueous Polyurethane Dispersion (PUD) Application
Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
PUD Leather Finishing Agents
·
PUD Coating Agents
·
PUD Water-based Glue
·
Waterborne Wood Coatings
·
Water-based Paints
Access Full Press Release of this Report:
https://www.grandviewresearch.com/press-release/japan-aqueous-polyurethane-dispersion-pud-market-analysis
https://www.grandviewresearch.com/press-release/japan-aqueous-polyurethane-dispersion-pud-market-analysis
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For more information: https://www.grandviewresearch.com/
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