Polyurethane Dispersion Market Research Report - Forecast to 2030

Polyurethane Dispersion Market: by Type (Water Based and Solvent Based), by Application (Coatings, Adhesives & Sealants, Leather Finishing, Paper & Textile, Fiberglass Sizing, and Others), and by Region - Forecast till 2030

ID: MRFR/CnM/3556-CR | March 2018 | Region: Global | 141 pages

Polyurethane Dispersion Market

Polyurethane Dispersion Market is projected to be worth USD 3.2 Billion by 2027, registering a CAGR of 7.25% during the forecast period (2022 - 2027).

Segmentation

By Type Water Based Solvent Based
By Application Coatings Adhesives & Sealants Leather Finishing Paper & Textile Fiberglass Sizing Others

Key Players

  • The Lubrizol Corporation
  • Michelman Inc.
  • Perstorp Holding AB
  • LANXESS AG
  • Hauthaway Corporation
  • VCM Polyurethanes PVT. Ltd.
  • Covestro AG
  • DowDuPont Inc.
  • 3M
  • Mitsui Chemicals Inc.
  • Lamberti S.P.A.
  • Alberdingk Boley GmbH

Drivers

  • High demand and growth in the leather and textile industry
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Polyurethane Dispersion Market Overview:


The Polyurethane Dispersion Market is expected to generate a revenue of more than 1230 million US dollars by the end of the forecast period. The PUD Market is predicted to reach USD 1,237.4 million by 2023 with a CAGR of 6.28% over the assessment period.

PUD commonly referred to as Polyurethane dispersion is an anionic and aqueous dispersion solution which are derived from aliphatic and aromatic isocyanate produced from emulsifiers. The PUDs can also be produced without using emulsifiers. The Polyurethane Dispersion substances have high molecular weight and possess quality properties like high tensile strength, high abrasion resistance, high elasticity, and extreme temperature durability make Polyurethane good material for textile coating, leather finishes, wood coating, PVC, and concrete floor coating. 



Water-based polyurethane dispersion provides low VOC emissions which make them better fitted in furniture and interior industries.


The high demand and growth of Polyurethane dispersion in the leather and textile industry, and other end users like construction, leather finishing, and automotive industries, fashion industry, lucrative luggage bags, and footwear industry are the major driving factors of the industry.



The Polyurethane Dispersion Market is on the rise in the emerging economies of the developing countries of the Asia-Pacific region due to the rise of construction and industrial revolution.



However, dynamically changing the cost of raw materials and decrease in marginal profit gained by manufacturers due to fluctuating prices may hinder the Polyurethane Dispersion Market Growth.


 


COVID-19 Analysis:


The COVID-19 virus which originated from a flea market in Wuhan, China has proven to be dangerous to mankind shifting the world dynamics. The human race had to fight a battle to maintain social, political, and economical status. With human health at risk, it was essential to maintain the dynamics of the healthcare industry to fight against the threat unknown of the COVID-19 virus. Since this was the first time people heard of the virus, it was difficult to make them understand the complexity and adverse effects of the virus. Together the world must fight the rising situation of the virus. With variants and symptoms unknown and different in each patient the government of various countries had to impose complete state-wise and country-wise lockdowns to contain the spread of the virus. All the industries suffered a disrupted value of supply and demand chain, changing market dynamics, rising competition, loss of business. Reduced manpower was one of the major factors affecting industries around the world. Similarly Polyurethane Dispersion Market also saw a global dip in revenue during the global pandemic time due to a halt in import and export business, construction business, aerospace, and automotive industries. However, the market is expected to optimize its strategies and sustain the loss that occurred during the pandemic times and make a gradual rise and be back on its feet in the global competition.


 


Market Dynamics:


Drivers:



  • Fungal infections on the rise are one of the major driving factors.

  • High demand and growth in the leather and textile industry.

  • Rising demand for polyurethane dispersion in end users like construction, leather finishing, and automotive industries.

  • Increasing use of polyurethane in the fashion industry, lucrative luggage bags, and footwear industry.

  • Daily purpose use of polyurethane.

  • Water-based polyurethane dispersion provides low VOC emissions.

  • Rising opportunities in emerging economies of the developing countries of the Asia-Pacific region.

  • Rising demand in furniture and interior industries.

  • Properties like high tensile strength, high abrasion resistance, high elasticity, and extreme temperature durability make Polyurethane good material for textile coating, leather finishes, wood coating, PVC, and concrete floor coating.

  • Rising interest of manufactures to be major market leaders globally thus investing in the market.


Challenges:



  • Dynamically changing cost of raw materials.

  • Decrease in marginal profit gained by manufacturers due to fluctuating prices.


Technology Analysis:


PUD commonly referred to as Polyurethane dispersion is an anionic and aqueous dispersion solution which are derived from aliphatic and aromatic isocyanate produced from emulsifiers. The Polyurethane Dispersion substances have high molecular weight and possess quality properties like high tensile strength, high abrasion resistance, high elasticity, and extreme temperature durability make Polyurethane good material for textile coating, leather finishes, wood coating, PVC, and concrete floor coating which increase the demand and growth of Polyurethane dispersion in leather and textile industry, and other end users like construction, leather finishing, and automotive industries, fashion industry, lucrative luggage bags, and footwear industry. Water-based polyurethane dispersion provides low VOC emissions and reduced risk of fungal infections which make them better fitted in furniture and interior industries.

The Polyurethane Dispersion Market is on the rise in the emerging economies of the developing countries of the Asia-Pacific region due to the rise of construction and industrial revolution. Both supply and demand of polyurethane dispersion for daily purpose and other industrial purposes is driving the market value and market volume.



The technical analysis of the water-based polyurethane dispersion shares detailed analysis of manufacturers, raw material suppliers, suppliers, distributors, and other industrial users. The market is growing exponentially seeing the advanced properties of the polyurethane dispersion materials triggering the demand of the end-users. 



Study Objectives:


The study objectives of the Polyurethane Dispersion Market Report are:



  • Provide detailed analysis on market dynamics.

  • A study on the effect of COVID-19 on the market.

  • Factors responsible for the rise of the market.

  • Factor accounting to market share, value, and volume.

  • Challenges faced by the market.

  • Segmentation of the market depending on different categories.

  • Technological and regional analysis.

  • Prominent players, competitive study, and the recent developments with the strategic alliances.


Segment Overview:


By Type:


The Polyurethane Dispersion Market is segmented based on Type as solvent-based and water-based.



By Application:


The Polyurethane Dispersion Market is segmented based on Application as adhesives, coatings, sealants, paper, food packaging, fiberglass sizing, leather finishing, textile, and others.



By End Users:


The Polyurethane Dispersion Market is segmented based on End-Users are furniture, automotive, textile, printing, footwear, bags, pulp, paper, coating of metal, wood, plastic, masonry surfaces, food, paper, and others.


 


Regional Analysis:


The Polyurethane Dispersion Market is segmented based on Region as North America (The U.S., Canada), Europe (UK, France, Spain, Germany, Italy, Netherlands), APAC (China, New Zealand, South Korea, Japan, Australia, India), Latin America (Brazil, Argentina, and Mexico), The Middle East, Africa, South Africa, and UAE.



Asia-Pacific is the market-dominant accounting for 37% of the total market volume and market share. The Asia-Pacific Polyurethane Dispersion Market is majorly driven by industries like construction, leather finishing, and automotive. Total revenue of 460 million US dollars is expected by the Asia-Pacific region during the forecast period with an expected CAGR of 6.59%. Rising opportunities in emerging economies of the developing countries like China, Japan, and India of Asia-Pacific region with China projecting revenue of more than 250 million US dollars by the end of the forecast period.



European countries have an account for 26% of the global market share of the Polyurethane Dispersion Market because of the availability of a robust manufacturing base in countries like France, the UK, Germany, and Italy due to the high demand of the automotive sector. Germany is the major market in the European region with an estimated revenue value of 76 million US dollars during the forecast period.



North America is also on the verge to witness growth in the Polyurethane Dispersion Market due to an increase in sales of cars, the defense sector, and the aerospace sector.


 


Competitive Landscape:


The Polyurethane Dispersion Market study emphasizes qualitative and quantitative details compiled and segregated by industrial experts focusing on new ventures, strategic alliances, emerging trends, market share, market volume, market value, market structure, market penetration, competitive landscape, comprehensive standards, trade regulations, value chain optimization, import-export analysis, production analysis, and mergers and acquisitions.



The Intended Audience of the Polyurethane Dispersion Market is Polyurethane Dispersion manufacturers, Production process industries, Raw material suppliers, Traders of polyurethane dispersion, distributors of polyurethane dispersion, Potential investors, and others.



The prominent market players of the Polyurethane Dispersion Market are The Lubrizol Corporation, Michelman Inc., Perstorp Holding AB, LANXESS AG, Hauthaway Corporation, VCM Polyurethanes PVT. Ltd., Covestro AG, 
DowDuPont Inc., 3M, Mitsui Chemicals Inc., Lamberti S.P.A., Alberdingk Boley GmbH, Chase Corporation, Allnex, and BASF SE.



Recent Developments:


In November 2017, in Germany, a new production unit was built by the manufacturing company Covestro AG to expand its market value in the European region and put its best foot forward in the polymer dispersion business. This made the company develop better customer relations by providing quality products to the end-users and make a place for the company in the market.



In 2016, solvent-based polyurethane dispersion registered a CAGR of 5.49% and 52% of the total market share making it the best solution for the coatings segment.



Report Overview:


The report overview of the Polyurethane Dispersion Market is:



  • Provide detailed analysis on market dynamics and a comprehensive outlook on the latest market trends.

  • A study on the effect of COVID-19 on the market.

  • Factors responsible for the rise of the market.

  • Factor accounting to market share, value, and volume.

  • Challenges faced by the market.

  • Segmentation of the market depending on different categories.

  • Technological and regional analysis.

  • Prominent players, competitive study, and the recent developments with the strategic alliances.

  • Top-down and bottom-up approach followed by various market players.

  • CAGR and revenue expected during the forecast period.

  • A study on industrial supply and demand.



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: USD 1,237.4 Millin
  CAGR   6.28%(2022-2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   The Lubrizol Corporation, Michelman Inc., Perstorp Holding AB, LANXESS AG, Hauthaway Corporation, VCM Polyurethanes PVT. Ltd., Covestro AG, DowDuPont Inc., 3M, Mitsui Chemicals Inc., Lamberti S.P.A., Alberdingk Boley GmbH, Chase Corporation, Allnex, and BASF SE.
  Key Market Opportunities   The high demand and growth of Polyurethane dispersion in the leather and textile industry,
  Key Market Drivers

  • Fungal infections on the rise are one of the major driving factors.
  • High demand and growth in the leather and textile industry.


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    Frequently Asked Questions (FAQ) :

    The polyurethane dispersion market would achieve a valuation of USD 1,237.4 million by 2030

    The polyurethane dispersion market would achieve 6.28% CAGR during the forecast period.

    Asia Pacific would dominate the global polyurethane dispersion market.

    The coatings segment would take charge of the polyurethane dispersion market.

    The global market for polyurethane dispersion would benefit from properties like high-temperature durability, increased abrasion resistance, better tensile strength, and high elasticity, which make it easier for the component to permeate across several end user industries like fiberglass sizing, adhesives & sealants, coatings, paper & textile, leather finishing, and others.