Polyurethane Dispersion Market Update, Analysis, Forecast, 2019 – 2025 Asia Pacific is projected to grow with a significant rate in the polyurethane dispersion market owing to rising automotive industry in developing countries such as China, India, and Indonesia. Moreover, low labor cost and manufacturing cost in addition various government favoring policies in the region will encourage the growth of the end-use sectors. For instance, “Make in India” is an Indian government initiative to encourage the manufacturing sector and attract FDI in the country. This will boost the product demand in the region over the coming years. Moreover, growing footwears & bags industry along with the developments in fashion sector will create demand for leather in the region, and China being the largest producer of leather will bolster the demand for PUD for various leather finishing applications.
The Polyurethane Dispersion Market is rapidly increasing owing to the rising demand from interior and furniture industries, rising automotive sector, and increasing consumption of leather products among consumers. The leather demand is mainly driven by the fashion & footwear industry along with its use in lucrative luggage bags. Increasing purchasing power along with trending fashion has led to a rise in demand for leather products. Polyurethane dispersion or PUD possesses exceptional properties such as high tensile strength, extreme temperature durability, high elasticity and high abrasion resistance, that is especially used for coating in wood and leather finishes, PVC & concrete floor tops and textile coatings. These factors will upsurge the demand for polyurethane dispersion in the near future. Market research reports: Key analytical components
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