Polyurethane dispersions (PUDs) are among the fastest growing types of polyurethane coatings market. Further, driven by stringent environmental regulations, the demand for water-based PUDs is growing rapidly compared to solvent-based PUDs. Rapid industrialization and urbanization trends in emerging markets encourage the adoption of PUDs in building, construction, leather, textile finishing, and other applications.
Polyurethane Dispersion Market Size Outlook (US$ Billion) and Growth Forecasts (%), 2021- 2030
The global Polyurethane Dispersion (PUD) market size stood at $2.1 billion in 2022. Further, strong end-user industry demand is driving the market outlook. From 2023 to 2030, the Polyurethane Dispersion (PUD) market is likely to register a steady revenue increase at a compounded annual growth rate of 7.74 percent to reach $3.9 billion by 2030.
Polyurethane Dispersion Market Trends- Huge Asia Pacific polyurethane dispersions market potential is encouraging PUD companies to expand capacity
Robust demand for environment-friendly and sustainable paints and coatings is encouraging leading chemical companies such as Covestro to expand their polyurethane dispersions capacity. The EUR 12.4 billion company is planning to commence operations of the plant in Shanghai, China by 2024. Strong demand for customized products is encouraging the company to develop tailor-made dispersions for diverse end-user industries such as automotive, furniture, wood, and floor coatings.
BASF also announced plans to boost its polyurethane dispersions capacity in Castellbisbal, Spain by 30%. In particular, with the rapid penetration of water-based polyurethane dispersions (PUD) into the solvent-based PUD market, the company plans to increasingly target Europe adhesives, floor coatings, automotive coatings, and industrial coatings including Printing & Packaging market.
Polyurethane Dispersion Market Drivers- Water-based PUDs penetrating rapidly into solvent-based polyurethane dispersion market size in developed markets
Water-based Polyurethane dispersions are versatile and can be applied to a wide variety of surfaces including wood, non-ferrous metals, cement, fiberglass, carbon fiber, leather, textiles, and others. These are resistant to UV rays and retain gloss shining for longer periods.
Technological advancements in water-based polyurethane dispersions resulted in increased durability and superior finish. However, more coats are required for achieving a smooth finish. Water Based Polyurethane Dispersions (PUDs) are marketed by customizing products to suit every single application.
Low volatile organic content in Water-based Polyurethane dispersions (PUDs) supports them to adhere to the clean air act and other environmental legislations. In particular, Western European countries, Japan, the US, and other markets are witnessing rapid penetration of water-based PUDs into the solvent-based PUDs segment.
Polyurethane Dispersion Market Share Analysis- Paints and Coatings remain the dominant application industry for polyurethane dispersion sales
Over 55% of the market demand for polyurethane dispersion originates from the paints and coatings industry. The dispersions enable paints and coatings to retain their initial high-quality levels. In particular, cost-effective, solvent-free dispersions with excellent appearance, scratch resistance, fast hardness development, chemical resistance, abrasion resistance, and other properties are widely marketed in Polyurethane dispersions for paints and coatings applications.
The Asia Pacific is one of the largest users of PUDs in paints and coatings. The region offers significant potential for both solvent-based and water-based PUDs. Further, cheap labor availability, relatively less stringent regulations and proximity to large consumer markets are encouraging manufacturing companies to expand their business operations in Asia Pacific.
Polyurethane Dispersion Competitive Landscape
The global PUD market is characterized by the presence of a large number of capital-intensive companies such as BASF SE, Covestro AG, Royal DSM NV, Huntsman Corporation, Mitsui Chemicals, The Dow Chemical Company, Lanxess AG, Wanhua Chemical Group, and others.
Polyurethane Dispersion (PUD) Market Segmentation
Types
Applications
Companies
Regions
1. Executive Summary
1.1 Introduction to Polyurethane Dispersion Markets
1.2 Polyurethane Dispersion Market Size Outlook, 2021- 2030
1.3 Growth Opportunities in Polyurethane Dispersion Industry
1.4 Winning Strategies for the post-pandemic future
2. Report Guide
2.1 Market Definition and Scope
2.2 Market Segmentation
2.3 Research Methodology
2.4 Forecast Methodology
2.5 List of Abbreviations
3. Growth Opportunity Analysis
3.1 Key Polyurethane Dispersion Market Trends
3.1.1 Water-based PUDs penetrating rapidly into solvent-based polyurethane dispersion market
3.1.2 Strong growth potential in textiles applications
3.1.3 Huge Asia Pacific polyurethane dispersions market potential is encouraging PUD companies to expand capacity
3.2 Key Polyurethane Dispersion Market Growth Drivers
3.2.1 Supportive regulations and growing environmental concerns
3.2.2 Solvent-free products gaining rapid demand growth
3.3 Key Polyurethane Dispersion Market Growth Restraints
3.3.1 Raw material price fluctuations result in fluctuating profit margins
3.3.2 Increasing threat of substitutes
4 Polyurethane Dispersion Market Outlook – Scenario Analysis
4.1 Low Growth Case Scenario Forecasts: Polyurethane Dispersion Market Size Outlook to 2030
4.2 Reference Growth Case Scenario Forecasts: Polyurethane Dispersion Market Size Outlook to 2030
4.3 High Growth Case Scenario Forecasts: Polyurethane Dispersion Market Size Outlook to 2030
5. Polyurethane Dispersion Market Segmentation- Outlook by Type
5.1 Polyurethane Dispersion Market Share Analysis by Type, 2023
5.2 Water-based PUD Market Outlook to 2030
5.3 Solvent-based PUD Market Outlook to 2030
6. Polyurethane Dispersion Market Segmentation- Outlook by Application
6.1 Polyurethane Dispersion Market Share Analysis by Application, 2023
6.2 Paints and Coatings: Polyurethane Dispersion Market Outlook to 2030
6.3 Adhesives and Sealants: Polyurethane Dispersion Market Outlook to 2030
6.4 Leather finishing: Polyurethane Dispersion Market Outlook to 2030
6.5 Textile Finishing: Polyurethane Dispersion Market Outlook to 2030
6.6 Others
7. North America Polyurethane Dispersion Market Outlook and Opportunities to 2030
7.1 Market Snapshot, 2023
7.2 North America Polyurethane Dispersion Market Growth Opportunities
7.2.1 North America Polyurethane Dispersion Market Outlook by Type, 2021 to 2030
7.2.2 North America Polyurethane Dispersion Market Outlook by Application, 2021 to 2030
7.2.3 North America Polyurethane Dispersion Market Outlook by Country, 2021 to 2030
7.3 United States Polyurethane Dispersion Market Outlook, 2021 to 2030
7.4 Canada Polyurethane Dispersion Market Outlook, 2021 to 2030
7.5 Mexico Polyurethane Dispersion Market Outlook, 2021 to 2030
8. Europe Polyurethane Dispersion Market Outlook and Opportunities to 2030
8.1 Market Snapshot, 2023
8.2 Europe Polyurethane Dispersion Market Growth Opportunities
8.2.1 Europe Polyurethane Dispersion Market Outlook by Type, 2021 to 2030
8.2.2 Europe Polyurethane Dispersion Market Outlook by Application, 2021 to 2030
8.2.3 Europe Polyurethane Dispersion Market Outlook by Country, 2021 to 2030
8.3 Germany Polyurethane Dispersion Market Outlook, 2021 to 2030
8.4 France Polyurethane Dispersion Market Outlook, 2021 to 2030
8.5 United Kingdom Polyurethane Dispersion Market Outlook, 2021 to 2030
8.6 Spain Polyurethane Dispersion Market Outlook, 2021 to 2030
8.7 Italy Polyurethane Dispersion Market Outlook, 2021 to 2030
8.8 Other Europe Polyurethane Dispersion Market Outlook, 2021 to 2030
9. Asia Pacific Polyurethane Dispersion Market Outlook and Opportunities to 2030
9.1 Market Snapshot, 2023
9.2 Asia Pacific Polyurethane Dispersion Market Growth Opportunities
9.2.1 Asia Pacific Polyurethane Dispersion Market Outlook by Type, 2021 to 2030
9.2.2 Asia Pacific Polyurethane Dispersion Market Outlook by Application, 2021 to 2030
9.2.3 Asia Pacific Polyurethane Dispersion Market Outlook by Country, 2021 to 2030
9.3 China Polyurethane Dispersion Market Outlook, 2021 to 2030
9.4 Japan Polyurethane Dispersion Market Outlook, 2021 to 2030
9.5 India Polyurethane Dispersion Market Outlook, 2021 to 2030
9.6 South Korea Polyurethane Dispersion Market Outlook, 2021 to 2030
9.7 Indonesia Polyurethane Dispersion Market Outlook, 2021 to 2030
9.8 Other Asia Pacific Polyurethane Dispersion Market Outlook, 2021 to 2030
10. South and Central America Polyurethane Dispersion Market Outlook and Opportunities to 2030
10.1 Market Snapshot, 2023
10.2 South and Central America Polyurethane Dispersion Market Growth Opportunities
10.2.1 South and Central America Polyurethane Dispersion Market Outlook by Type, 2021 to 2030
10.2.2 South and Central America Polyurethane Dispersion Market Outlook by Application, 2021 to 2030
10.2.3 South and Central America Polyurethane Dispersion Market Outlook by Country, 2021 to 2030
10.3 Brazil Polyurethane Dispersion Market Outlook, 2021 to 2030
10.4 Argentina Polyurethane Dispersion Market Outlook, 2021 to 2030
10.5 Other Latin America Polyurethane Dispersion Market Outlook, 2021 to 2030
11. Middle East and Africa Polyurethane Dispersion Market Outlook and Opportunities to 2030
11.1 Market Snapshot, 2023
11.2 Middle East and Africa Polyurethane Dispersion Market Growth Opportunities
11.2.1 Middle East and Africa Polyurethane Dispersion Market Outlook by Type, 2021 to 2030
11.2.2 Middle East and Africa Polyurethane Dispersion Market Outlook by Application, 2021 to 2030
11.2.3 Middle East and Africa Polyurethane Dispersion Market Outlook by Country, 2021 to 2030
11.3 Saudi Arabia Polyurethane Dispersion Market Outlook, 2021 to 2030
11.4 United Arab Emirates (the UAE) Polyurethane Dispersion Market Outlook, 2021 to 2030
11.5 Other Middle East Polyurethane Dispersion Market Outlook, 2021 to 2030
11.6 Egypt Polyurethane Dispersion Market Outlook, 2021 to 2030
11.7 South Africa Polyurethane Dispersion Market Outlook, 2021 to 2030
11.8 Other Africa Polyurethane Dispersion Market Outlook, 2021 to 2030
12. Profiles of major world Polyurethane Dispersion Companies
12.1 BASF SE
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.2 Covestro AG
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.3 Royal DSM NV
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.4 Huntsman Corporation
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.5 Mitsui Chemicals
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.6 The Dow Chemical Company
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.7 Lanxess AG
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.8 Wanhua Chemical Group
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
- Financial Profile
13. Appendix
13.1 Publisher’s Expertise
13.2 List of Tables and Charts
13.3 List of Exhibits
13.4 Legal Disclaimer
Types
Applications
Huge Asia Pacific polyurethane dispersions market potential is encouraging PUD companies to expand capacity, Water-based PUDs penetrating rapidly into solvent-based polyurethane dispersion market size in developed markets, Strong growth potential in textiles applications, Huge Asia Pacific polyurethane dispersions market potential is encouraging PUD companies to expand capacity, Supportive regulations and growing environmental concerns, Solvent-free products gaining rapid demand growth, and others.
The global Polyurethane Dispersion (PUD) market size stood at $2.1 billion in 2022.
From 2023 to 2030, the Polyurethane Dispersion (PUD) market is likely to register a steady revenue increase at a compounded annual growth rate of 7.74 percent to reach $3.9 billion by 2030.
BASF SE, Covestro AG, Royal DSM NV, Huntsman Corporation, Mitsui Chemicals, The Dow Chemical Company, Lanxess AG, Wanhua Chemical Group, and others
Textile and leather industrial demand and solvent-free PUD offer strong growth prospects