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.
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Further key findings from the report suggest:
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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)
Japan Aqueous Polyurethane Dispersion (PUD) Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
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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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