Global Polyurethane Dispersion Market, By Type (Water Based, Solvent Based), Application (Coatings, Adhesives & Sealants, Leather Finishing, Paper and Textile, Fiberglass Sizing, Others) – Industry Trends and Forecast to 2029
Polyurethane Dispersion Market Analysis and Size
Polyurethane dispersion market will expand at a robust CAGR during the forecast period 2022-2029 due to the increasing demand for advanced materials and high-performance polymers across several sectors. Polyurethane dispersions being an eco-friendly substitute to conventional dispersions which cause significant VOC emissions that experiencing significant demand across the world. The “paints and coatings” is highest growing application segment due to technological advancements for environmental safety over the forecast period of 2022-2029.
Data Bridge Market Research analyses that the polyurethane dispersion market is expected to undergo a CAGR of 7.15% during the forecast period of 2022 to 2029. This indicates that the market value, which was USD 2.04 billion in 2021, would rocket up to USD 3.54 billion by 2029. 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.
Polyurethane Dispersion Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Water Based, Solvent Based), Application (Coatings, Adhesives and Sealants, Leather Finishing, Paper and Textile, Fiberglass Sizing, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Lamberti S.p.A. (Italy), Alberdingk Boley (Germany), C. L. HAUTHAWAY & SONS CORP (U.S.), Covestro AG (Germany), DSM (Netherlands), Wanhua Chemical Group (China), Lanxess (Germany), Stahl Holding (Netherlands), Perstorp (Netherlands), Chase Corp (U.S.), BASF SE (Germany), SABIC (Saudi Arabia), 3M (U.S.), Asahi Kasei Chemicals Corporation (Japan), Solvay (Belgium), Sumitomo Chemical Co., Ltd (Japan), LyondellBasell Industries Holdings BV (Netherlands), Momentive (U.S.), Mitsubishi Chemical Corporation (Japan), Polyplastics Co. Ltd. (Japan), Dow (U.S.)
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Market 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.
Polyurethane Dispersion Market Dynamics
Drivers
- Growing demand of polyurethane dispersions
Polyurethane dispersions are extensively used in the automotive sector for car refinishing paints because of its numerous properties such as scratch resistance, flexibility, excellent chemical, solvent, abrasion, and adhesion. Hence, the rising automotive industry is expected to boost the consumption of polyurethane dispersions and drive the market's growth rate.
- High usage of polyurethane dispersions in paint and coating industry
The polyurethane dispersions has various end-user applications in paint and coating industry such as it is used as binders or film former in paints and coatings which are expected to fuel the growth rate of the of polyurethane dispersion market during forecast period of 2022-2029.
- Increasing demand of polyurethane dispersions in textile and leather industry
Polyurethane dispersions are also used in leather and textile finishing because it offers high elasticity, excellent tensile strength, extreme temperatures durability and high abrasion resistance. Thus, the increasing consumption of leather in the manufacturing of apparel, handbags, footwear, seat covers and other products is expected to increase the demand of polyurethane dispersions and drive the market growth rate.
Opportunities
- Increasing demand of construction and industrial revolution
The polyurethane dispersion market is on the upsurge in the emerging new economies of the developing countries because of increase of construction and industrial revolution. Both demand and supply of polyurethane dispersion for daily purposes and other industrial purposes will create beneficial opportunities for the growth of the market value and market volume.
- Strict government regulations
The great opportunity for the polyurethane dispersion market is the imposition and formulation of stringent environmental regulations by governing authorities of several economies worldwide. Many solvents, namely, NEP, NMP, and DMSO are used in the manufacturing of these dispersions which increases VOC emissions. These solvents cannot be easily removed by the distillation process. The toxicity of such type of solvents affects the environment and create immense opportunities for the polyurethane dispersion market
Furthermore, the major companies are more focusing on research and development and providing e-commerce platforms to improve the business footprints. The rising demand of polyurethane dispersion in textile coating, coating in wood and leather finishes and concrete floor tops and PVC will upsurge the growth of the market in the near future..
Restraints/Challenges
- Fluctuation in the prices of crude oil
The fluctuations in the costs of crude oil affect the prices of MDI and TDI, these are the main isocyanates which has preferred for the manufacture of polyurethane dispersion. Also, the volatility in prices of crude oil affects the supply of raw material to the manufacturers, who in turn, are forced to raise the costs of their isocyanate products to compensate for the losses in the market. These are the major factor which obstructs the demand of polyurethane dispersion and restrain the growth of the market.
This polyurethane dispersion market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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 polyurethane dispersion market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Polyurethane Dispersion Market
The recent outbreak of COVID-19 pandemic has impacted the industrial activities as well as the economy of several economies globally such as polyurethane dispersion market. The government restrictions on the gathering of people at one particular place, severely impacted the growth of the industries. Similarly, the polyurethane dispersion market also saw a global decline in revenue growth during this pandemic period due to a halt in construction business, aerospace, automotive industries and import and export business. However, the market is anticipated to enhance their strategies and sustain the loss which occurred during the pandemic period and make a gradual upsurge and be back on its feet in the global competition.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
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 approx., USD 30 million.
Global Polyurethane Dispersion Market Scope
The 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
- Water Based
- Solvent Based
Application
- Coatings
- Adhesives and Sealants
- Leather Finishing
- Paper and Textile
- Fiberglass Sizing
- Others
Polyurethane Dispersion Market Regional Analysis/Insights
The polyurethane dispersion market is analysed and market size insights and trends are provided by country, type and application as referenced above.
The countries covered in the polyurethane dispersion market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the polyurethane dispersion market due to several government policies and availability of low labour cost and ease of doing business have encouraged the growth of leather, automotive and other textile business in this region.
Asia-Pacific will continue to project the highest compound annual growth rate during forecast period due to an upsurge in sales of cars and growth in the defence 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 like 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 Polyurethane Dispersion Market Share Analysis
The 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 polyurethane dispersion market.
Some of the major players operating in the polyurethane dispersion market are:
- Lamberti S.p.A. (Italy)
- Alberdingk Boley (Germany)
- C. L. HAUTHAWAY & SONS CORP (U.S.)
- Covestro AG (Germany)
- DSM (Netherlands)
- Wanhua Chemical Group (China)
- Lanxess (Germany)
- Stahl Holding (Netherlands)
- Perstorp (Netherlands)
- Chase Corp (U.S.)
- BASF SE (Germany)
- SABIC (Saudi Arabia)
- 3M (U.S.)
- Asahi Kasei Chemicals Corporation (Japan)
- Solvay (Belgium)
- Sumitomo Chemical Co., Ltd (Japan)
- LyondellBasell Industries Holdings BV (Netherlands)
- Momentive (U.S.)
- Mitsubishi Chemical Corporation (Japan)
- Polyplastics Co. Ltd. (Japan)
- Dow (U.S.)
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