The present invention relates to a process for producing cyclic acetal comprising i) preparing a liquid reaction mixture comprising a) a formaldehyde source, b) an aprotic compound and c) a catalyst; wherein the total amount of protic compounds is less than 40 wt.-%, based on the total weight of the reaction mixture; and ii) converting the formaldehyde source into cyclic acetals.

A water-containing urethane resin composition that is produced using a biomass raw material and excellent in oleic acid resistance, texture, and liquid mixture stability. A urethane resin composition including: a urethane resin (A) having an anionic group and a nonionic group and produced using as a raw material a polycarbonate polyol (a1) produced using biomass-derived decanediol as a raw material; a nonionic emulsifier (B); and water (C). A leather sheet in which a coagulated product of the urethane resin composition is present in a fibrous substrate. Both the urethane resin (A) and the nonionic emulsifier (B) preferably have an oxyethylene group and an oxypropylene group.

A water-containing urethane resin composition that is produced using a biomass raw material and excellent in oleic acid resistance, texture, and liquid mixture stability. A urethane resin composition including: a urethane resin (A) having an anionic group and a nonionic group and produced using as a raw material a polycarbonate polyol (a1) produced using biomass-derived decanediol as a raw material; a nonionic emulsifier (B); and water (C). A leather sheet in which a coagulated product of the urethane resin composition is present in a fibrous substrate. Both the urethane resin (A) and the nonionic emulsifier (B) preferably have an oxyethylene group and an oxypropylene group.