Japan Aqueous PUD Market Size is Predicted to Value $160.9 Million By 2025: Grand View Research, Inc

October 03 02:04 2019
Japan Aqueous PUD Market Size is Predicted to Value $160.9 Million By 2025: Grand View Research, Inc

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, Development of the automotive industry and advancements in the home furnishing & interiors sector is one of the key trends stoking market growth.

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.

Japan Aqueous Polyurethane Dispersion (PUD) Market

Request a Sample Copy of the Japan Aqueous Polyurethane Dispersion (PUD) Market Research Report @ https://www.grandviewresearch.com/industry-analysis/japan-aqueous-polyurethane-dispersion-pud-market/request/rs1

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.

Japan aqueous PUD market

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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

Browse Related Reports @

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Engineering Adhesives Market – https://www.grandviewresearch.com/industry-analysis/engineering-adhesives-market

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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