Polyurethane Dispersion for Paints and Coatings Market - Global Industry Analysis 2024
Polyurethane
dispersion is a technology which comprises a two phase system of water
and a polymer, having high molecular weight and belonging to the class
of polyurethane and some optional components. Polyurethane products are
commonly known as urethanes. Most of the polyurethane polymers are
thermosetting polymers which do not melt when heated. These polymers
were initially used for the production of fibers and flexible foams but
today polyurethane has a wide range of application ranging from concrete
construction like bridges and motorway structures to steel railway
carriages and wooden furniture.
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In
addition to the construction industry, it is also used in the coating
and adhesives, footwear, refrigeration and freezers industry.
Polyurethane is also used in the production of medical gloves and
manufacturing of furniture products. In terms of application, painting
and coating industry represents the largest end user of polyurethane
dispersion, where it is used as a film former or binders. Polyurethane
dispersion has replaced the previously used solvent-based binders as
they are more environment friendly as the latter used to use volatile
organic chemicals (VOC) which causes serious threat to man and nature.
Since then, demand for polyurethane paints and coatings has increased
significantly. They are also used in painting and coating of metals,
wood, plastics glass and textiles.
Polyurethane
paints are used in ship and automobile construction using polyurethane
clear coat.. In addition to ships and automobiles, polyurethane clear
coat is also used extensively in the production of coats for pipeline,
floor and balcony, building and roads. Polyurethane is rapidly gaining
importance in the construction industry on account of its ability to
offer durability and resistance against corrosion and weather...
In
terms of output, Europe, Middle East and Africa (EMEA) account for the
major consumption polyurethane dispersion technology. In 2010,
limitations were set in Europe on the emissions of VOCs by the paints
and coatings used for various industrial applications. The limit for VOC
emissions was set to 50mg organic carbon concentration per m3 f air in
most of the countries. Hence use of polyurethane dispersion having very
limited VOC emission, gained importance. Resulting from this, production
of polyurethane paints and coatings substantially increased. After
EMEA, the industry wass dominated by Asia Pacific in terms of
production, and is expected to witness the fastest growth over the
forecast period. In Asia Pacific, China dominates the polyurethane
dispersions industry . Initially China was a more of an importer of
polyurethane paints. Over the recent years, construction and
manufacturing companies have increased in numbers in China, which has
further boosted the demand of polyurethanes. Owing to this, the domestic
production in China has increased rapidly with both large
multinationals and local producers entering into the market. After EMEA
and Asia, Demand for polyurethane technology was also prevalent in Latin
America and North America collectively, where developed economies such
as the U.S. accounts as the largest user for this technology, followed
by Brazil.
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The
polyurethane market for paints and coating is experiencing healthy
growth which is expected to continue in the near future, majorly driven
by the growth in automotives and construction, particularly in Asia
Pacific. A significant amount of innovations are made by various market
players in order to be prepared to serve the high potential end-use
industries in future. Some of the leading players in this market are
Akzo Nobel N.C (Netherlands), PPG Industries (U.S.), Sherwin Williams
(U.S.), Axalta Coating Systems (U.S.) and BASF SE (Germany).
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