Polyurethane (PU) Microspheres Market: Overview
Condensation polymerization technique is one of the simplest and most novel methods for the preparation of polyurethane (PU) microspheres of uniform shape, narrow particle size, and specific molecular weight. The molecular weight of PU microspheres ranges from 200 to 2000 and particle size distribution may range from 1 to 100 micron. PU microspheres have a uniform shape and size, which are used to prepare films of uniform thickness without any defects or fat edges. PU microspheres are generally known for their superior surface finish, smoothness, and uniform coating thickness.
PU microspheres have a wide range of applications in paints & coatings. They are used as thickeners in paints, cosmetics, oils, and textiles. PU microspheres are used as a substitutes for linseeds in the manufacturing of foundry core oil. In the cement industry, PU microspheres are used as hardening agents. PU microspheres are used as encapsulants for agrochemicals, pigments, reactive chemicals, and drugs, acting as a curing agent.
Polyurethane (PU) Microspheres Market: Growth Trends
In 2014, paints and coatings was one of the largest application segments for PU microspheres. The growth in end-use industries such as paint & coating will likely cause a boost in the demand for PU microspheres in the near future. The growing demand for PU paints, which act as matting agents in wood finishes and architecture coating, is expected to boost the demand for PU microspheres in the paint & coating application segment.
The growing demand for an encapsulant in drug delivery and crop protection, increased application as a coating material in the architectural sector, and growth in repositionable adhesives are some of the major reasons anticipated to drive the market for the forecast period. The developments in research and technology in PU microspheres are anticipated to increase the range of applications for PU microspheres, leading to a boost to the global market demand.
Polyurethane (PU) Microspheres Market: Region-wise Outlook
Globally, the PU microspheres market is segmented into five regions: Asia Pacific, North America, Europe, Middle East & Africa, and Latin America. In 2014, Asia Pacific accounted for the largest market share, followed by Europe and North America. Construction, electronics, and automotive are some of the major primary end-user industries driving the Asia Pacific market. The contribution from developing economies such as India and China has led Asia Pacific to maintain its dominance in the global market.
The paint & coating sector in growing economies is anticipated to be the fastest-growing end-user sector in Asia Pacific in the near future. The growth of the automotive sector in Asia Pacific is also anticipated to boost the demand for PU microspheres in the near future. The growing demand for powder coating for different applications in Asia Pacific is expected to generate high demand for PU microspheres in the region.
China is a major producer and consumer of PU microspheres. It accounts for the largest regional market share. The economic reforms in China in the past few years have led to it becoming one of the major suppliers in the region. Europe, being a large hub for the automotive industry, is anticipated to fuel the demand for PU microspheres for the forecast period. In 2014, the antimicrobial coating market in North America is expected to grow, boosting the demand for PU microspheres.
Polyurethane (PU) Microspheres Market: Key Players
Some of the players operating in the global market include Sanyo Chemical Industries, Ltd. MicroChem, Chase Corporation, Heyo Enterprise Co., Ltd., HOS-Technik GmbH, Supercolori S.p.A., Kolon Industries, Bayer AG, LLC, and Teledyne DALSA, Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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