Global Aqueous Polyurethane Dispersion Market, By Type (Component Polyurethane, Two-component Polyurethane, Urethane-modified), Application (PUD Leather Finishing Agents, PUD Coating Agent, PUD Water-Based Glue, Waterborne Wood Coating, Water-Based Paint, Textile Finishing, Others) - Industry Trends and Forecast to 2031.
Aqueous Polyurethane Dispersion Market Analysis and Size
The aqueous polyurethane dispersion market has witnessed steady growth in recent years, driven by increasing demand for environmentally friendly and sustainable coatings and adhesives across various industries. Aqueous PUDs are favored for their low VOC (volatile organic compound) content and water-based nature, making them a preferred choice in applications such as paints and coatings, textiles, leather, and adhesives. The automotive and construction sectors have been significant contributors to the market, as manufacturers seek eco-friendly alternatives to traditional solvent-based polyurethane products. However, challenges such as higher production costs and limited performance in certain applications may hinder market growth.
Data Bridge Market Research analyzes that the global aqueous polyurethane dispersion market was valued at USD 2.31 billion in 2023 and is expected to reach a value of USD 3.31 billion by 2031, at a CAGR of 4.60% during the forecast period of 2024 to 2031. The “component polyurethane” segment is expected to dominate the market due to the growing demand from end use industries. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric |
Details |
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Forecast Period |
2024 to 2031 |
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Base Year |
2023 |
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Historic Years |
2022 (Customizable to 2016-2021) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Type (Component Polyurethane, Two-component Polyurethane, Urethane-modified), Application (PUD Leather Finishing Agents, PUD Coating Agent, PUD Water-Based Glue, Waterborne Wood Coating, Water-Based Paint, Textile Finishing, Others) |
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Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa |
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Market Players Covered |
VCM Polyurethanes Pvt. Ltd. (India), Coim Group (Italy), Dow (U.S.), UBE Corporation (Japan), Siwp (Germany), DSM (Netherlands), STAHL SOCIALS (Netherlands) |
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Opportunities |
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Market Definition
Polyurethane dispersion or PUD is an aqueous and anionic dispersion solution derived from aromatic and aliphatic isocyanate produced from emulsifiers. The polyurethane dispersion substances possess quality properties such as high tensile strength, high elasticity, high abrasion resistance, extreme temperature durability, and high molecular weight.
Global Aqueous Polyurethane Dispersion Market Dynamics
Drivers
- Growth in End-Use Industries
Industries such as automotive, construction, packaging, textiles, and leather goods, which are major consumers of aqueous PUDs, are experiencing growth. Increased construction activities, automotive production, and demand for sustainable packaging materials contribute to the overall market expansion.
- Consumer Preferences and Trends
Changing consumer preferences, such as the demand for eco-friendly products, waterborne coatings, and sustainable manufacturing practices, drive the adoption of aqueous PUDs. Companies that align with these trends may experience increased market share.
Opportunities
- Research and Development
Ongoing research and development activities in the field of polyurethane technology lead to the development of new and improved formulations. Innovations in PUD technology, such as advancements in particle size distribution, can enhance performance characteristics and open up new application areas.
- Increasing Demand for Water-Based Technologies
The shift towards water-based technologies in various industries, driven by environmental concerns and regulatory requirements, has boosted the demand for aqueous polyurethane dispersions. Industries such as coatings, adhesives, and textiles prefer water-based formulations to reduce environmental impact.
Restraints/Challenges
- High Production Cost
The manufacturing process of aqueous polyurethane dispersions can involve complex technologies and may require significant investment in equipment and raw materials, leading to relatively higher production costs compared to some conventional alternatives.
- Limited Performance in Some Applications
While aqueous polyurethane dispersions have a broad range of applications, there are instances where they may not provide the same level of performance as solvent-based or other alternatives. This limitation in performance can restrict their use in certain demanding applications.
This global aqueous polyurethane dispersion market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global aqueous polyurethane dispersion market contact Data Bridge Market Research for an analyst brief, our team will help you make an informed market decision to achieve market growth.
Recent Development
- In February 2021, Lanxess has signed a bond to acquire 100% share of Emerald Kalma chemical due to this acquisition, the Lanxess Company anticipates an additional annual ebitda contribution of approximate, USD 30 million
Global Aqueous Polyurethane Dispersion Market Scope
The global aqueous polyurethane dispersion market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Component Polyurethane
- Two-Component Polyurethane
- Urethane-Modified
Application
- PUD Leather Finishing Agents
- PUD Coating Agent
- PUD Water-Based Glue
- Waterborne Wood Coating
- Water-Based Paint
- Textile Finishing
- Others
Global Aqueous Polyurethane Dispersion Market Regional Analysis/Insights
The global aqueous polyurethane dispersion market is analyzed and market size insights and trends are provided by country, type, and application as referenced above.
The countries covered in the global aqueous polyurethane dispersion market report are U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and rest of the Middle East and Africa.
North America dominates the global aqueous polyurethane dispersion market due to several government policies and availability of low labor cost and ease of doing business have encouraged the growth of leather, automotive and other textile business in this region.
Asia-Pacific region will continue to project the highest compound annual growth rate during the forecast period of 2024 to 2031 in the global aqueous polyurethane dispersion market during forecast period due to an upsurge in sales of cars and growth in the defense and aerospace sector in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Aqueous Polyurethane Dispersion Market Share Analysis
The global aqueous polyurethane dispersion market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the global aqueous polyurethane dispersion market.
Some of the major players operating in the global aqueous polyurethane dispersion market are:
- VCM Polyurethanes Pvt. Ltd. (India)
- Coim Group (Italy), Dow (U.S.)
- UBE Corporation (Japan)
- Siwp (Germany)
- DSM (Netherlands)
- STAHL SOCIALS (Netherlands)
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