Portland, OR — 11/28/2017 — Polyurethane Microspheres materials are a versatile material of choice for thermal plants and the construction sector owing to their excellent surface finishing and uniform coating techniques.
The demand for polyurethane microspheres has increased in paint & coating applications owing to their superior thickening properties. In addition, they act as an excellent matting agent, which is expected to increase their demand in furniture and dcor applications. Furthermore, the rise in aged population has triggered the demand for polyurethane microspheres in the pharmaceutical industry as an encapsulant in drugs and medicines. Moreover, the demand for polyurethane microspheres has increased in the agricultural application, which is likely to witness significant traction in effective delivery of biocides, pesticides, and disinfectants. High investment in infrastructural setups coupled with high operational cost associated with polyurethane (PU) microspheres has hampered the market growth. However, advancement in technologies is expected to boost their demand by creating potential growth opportunities with increase in application areas.
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North America and Europe has been the major markets owing to rapid urbanization coupled with demand for lightweight automobiles. Furthermore, increase in demand for youth centric cosmetic products coupled with the demand for automobile applications in emerging economies of Asia-Pacific are expected to bolster the demand for polyurethane microspheres in coming years.
Global Polyurethane Microspheres Market Key Segments
– Paints & Coating
– Adhesive films
– Furniture and Dcor
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