Waterborne Polyurethane Dispersion Market

Waterborne Polyurethane Dispersion Market Study by Anionic PUD, Cationic PUD, Non-Ionic PUD, Self-Crosslinking PUD, and Hybrid PUD from 2024 to 2034

Analysis of Waterborne Polyurethane Dispersion Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Waterborne Polyurethane Dispersion Market Outlook (2024 To 2034)

The global waterborne polyurethane dispersion market size is estimated to attain a valuation of US$ 1,634.2 million in 2024. During the forecast period 2024 to 2034, sales of polyurethane dispersion are poised to expand at a 5.4% CAGR. By 2034, the market is expected to have grown to a valuation of US$ 2,934.5 million.

Key Market Growth Drivers

  • Environmental restrictions are forcing industries to transition to more environmentally friendly alternatives. Waterborne polyurethane dispersion are becoming more popular as companies look for sustainable and compliant substitutes for traditional coatings since they are low in volatile organic compounds (VOCs) and safe for the environment.
  • Technological developments brought about by ongoing research and development are resulting in innovative compositions of waterborne polyurethane dispersion. These developments improve the performance properties of waterborne polyurethane dispersion, increasing their suitability for a wider range of sectors and uses and propelling the market's expansion.
  • The growing public awareness of the health risks connected with solvent-based coatings is driving the desire for safer alternatives. Since they are less toxic and water-based, waterborne polyurethane dispersion are becoming more and more popular in a variety of applications, including paints, adhesives, and sealants.
  • One important factor is the growth of important end-use sectors like construction, textiles, and automobiles. These sectors are growing more and more in demand for waterborne polyurethane dispersion due to to their adaptability, toughness, and commitment to sustainability goals as they look for high-performance coatings with less of an impact on the environment.
Report Attributes Details
Estimated Market Value (2024E) US$ 1,634.2 million
Forecast Market Value (2034F) US$ 2,934.5 million
Global Market Growth Rate (2024 to 2034) 5.4% CAGR
Anionic PUD Segment Growth Rate (2024 to 2034) 6.2% CAGR
Textile Coatings Growth Rate (2024 to 2034) 5.9% CAGR
North America Market Share (2024) 26.80%
East Asia Market Share (2024) 31.50%
Key Companies Profiled
  • BASF SE
  • Covestro AG
  • Lubrizol Corp.
  • Dow Inc.
  • Wanhua Chemical Group Ltd.
  • Mitsui Chemicals
  • DIC Corp.
  • Lanxess AG
  • Songwon Industrial Co. Ltd.
  • Allnex GmbH

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What Factors are Responsible for the Growth of the Global Waterborne Polyurethane Dispersion Market?

“Rise in the number of electric vehicles to accelerate the growth in the global market”

One factor driving the market for waterborne polyurethane dispersion is the rise in electric vehicles (EVs). The automobile sector is moving toward electrification, which has increased demand for innovative coatings that provide superior performance and environmental advantages. Waterborne polyurethane dispersion are a unique kind of solution that offer strong, lightweight coatings that are necessary for a variety of EV components.

This factor shows how waterborne polyurethane dispersion can be tailored to meet the specific requirements of the changing automotive scenario, establishing them as essential parts of high-performing and sustainable solutions for the rapidly growing electric vehicle market.

“Growing acceptance of bio-based materials to propel demand”

The market for waterborne polyurethane dispersion is being driven by the growing use of renewable and bio-based raw materials. The growing importance of sustainability in many sectors has led to the development of waterborne polyurethane dispersion that are sourced from bio-based feedstocks. This particular driver gives enterprises a method to lessen their environmental effect while also supporting the global shift towards eco-friendly options.

The use of bio-based materials not only demonstrates the company's dedication to sustainability, but it also establishes waterborne polyurethane dispersion as essential players in ethical manufacturing processes that support a circular economy and a more sustainable future.

What are the Major Restraints to the Growth of the Waterborne Polyurethane Dispersion Market?

“High cost of manufacturing new formulations to hinder growth”

One of the main obstacles facing the market for waterborne polyurethane dispersion is the high cost of manufacturing involved in creating novel formulations that satisfy environmental and performance requirements. Increasingly stringent regulatory standards provide challenges and need constant research and development expenditures to ensure compliance. Conventional solvent-based substitutes are another rival in the market.

Widespread adoption is further hampered by end users' lack of knowledge about the advantages of aqueous polyurethane dispersion and the requirement for infrastructure changes for effective manufacturing. In order to promote the benefits of aqueous polyurethane dispersion in a variety of applications, sustained efforts in technological development, regulatory adaptation, as well as educational programs are needed to overcome these challenges.

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How can Startups Place Themselves Differently in the Competitive Waterborne Polyurethane Dispersion Market?

“Startups are focussing on eco-friendly coatings with low VOCs”

In the global market for waterborne polyurethane dispersion, startups are making their mark by concentrating on specialty applications like environmentally friendly coatings for certain sectors. With creative formulations and a focus on environmentally friendly features, these entrepreneurs set themselves apart and gain market share by providing tailored solutions that satisfy changing requirements for both environmental responsibility and performance.

Some firms in the waterborne polyurethane dispersion sector are using blockchain technology to create transparent and verifiable supply chains. They increase transparency by using blockchain, guaranteeing that customers obtain ethically and sustainably derived dispersion. By taking an inventive approach, these firms not only satisfy consumer demand for environmentally friendly products but also create a new standard of responsibility and confidence in the supply chain.

Country-wise Insights

The waterborne polyurethane dispersion industry has been seeing notable growth in North America and East Asia. By 2024, North America's market share is predicted to reach 26.80%. In comparison, it is projected that by 2024, East Asia would reach a market share of 31.50%.

The increased emphasis on environmental sustainability is a common driving factor for the waterborne polyurethane dispersion (WPUDs) market in East Asia and North America. Eco-friendly technologies are given priority in both regions, and these materials comply with strict standards due to their low VOC content and lesser environmental effect.

The growing acceptance and market expansion of WPUDs in North America and East Asia may be attributed to the need for environmentally friendly, water-based solutions in adhesives, coatings, and sealants, which is being pushed by a desire for more environmentally friendly practices.

Why can the United States be considered a Potential Market for Waterborne Polyurethane Dispersion?

“Strict environmental laws in the United States to push demand”

Attributes The United States
Market Value in 2024 US$ 335.1 million
CAGR from 2024 to 2034 6.5%
Projected Value in 2034 US$ 627.6 million

The market in the United States is expected to be valued at US$ 335.1 million in 2024, anticipated to gain a market share of 71.7% in 2024. Waterborne polyurethane dispersion are in high demand in the United States due to their ability to comply with stringent environmental requirements, including the Clean Air Act and VOC emission guidelines. Waterborne polyurethane dispersion address issues related to air quality and environmental effect by providing a water-based, low-VOC substitute for solvent-based coatings.

Waterborne polyurethane dispersion are becoming more popular in coatings, adhesives, and sealants as companies move toward more environmentally friendly methods and raise awareness of health and environmental concerns. Waterborne polyurethane dispersion are widely used in a variety of applications across sectors in the United States, which is partly due to their versatility in producing high-performance and long-lasting finishes on a variety of substrates.

How will the Growth of the Waterborne Polyurethane Dispersion Market Unfold in China?

“Sustainable urban developments in China to push demand”

Attributes China
Market Value in 2024 US$ 339.4 million
CAGR from 2024 to 2034 6.6%
Projected Value in 2034 US$ 645.7 million

In 2024, the China market for waterborne polyurethane dispersion is expected to be valued at US$ 339.4 million. The market is also projected to acquire a market share of 56.9% in the same year. A distinct factor contributing to the rising demand for waterborne polyurethane dispersion in China is the focus on environmentally friendly urban development in places like Hangzhou.

Waterborne polyurethane dispersion are being more widely used in architectural as well as construction applications as a result of Hangzhou's dedication to fostering environmentally aware urban areas and its status as a center for eco-friendly projects.

The low environmental impact and adaptability of waterborne polyurethane dispersion aligns with the city's vision for green construction materials, which is why such dispersions are growing in a particular context driven by localized objectives for sustainability in certain Chinese cities.

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Category-wise Insights

Which Type of Waterborne Polyurethane Dispersion to gain Traction from 2024 to 2034?

“Anionic PUD is Anticipated to be Highly Preferred Globally”

Product Type Value Share in 2024
Anionic PUD 14.4%

The anionic PUD segment is estimated to hold 14.4% of the market share in 2024. During the forecast period, the segment is anticipated to garner a 6.2% CAGR.

PUDs, or anionic polyurethane dispersion, are expected to be highly sought after due to their distinct features. The stability and dispersion characteristics of anionic PUDs are exceptional due to their negatively charged hydrophilic group. This characteristic improves the quality of adhesives, coatings, and sealants by facilitating consistent application on a variety of surfaces.

They are adaptable considering their compatibility with a variety of substrates, including leather and fabrics. Anionic PUDs have high adherence and flexibility, which helps create final goods that are robust and long-lasting. As companies favor water-based and ecologically friendly remedies, the anionic PUD type is gaining immense traction for its performance and long-term sustainability.

Why do the Textile Coatings Sectors Require Waterborne Polyurethane Dispersion on a Large Scale?

“Lox VOC, higher efficiency and sustainability of waterborne polyurethane dispersion to push its demand”

Application Value share in 2024
Textile Coatings 12.3%

The textile coatings segment is expected to gain a 12.3% market share in 2024. It is also going to garner a 5.9% CAGR during the forecast period. Waterborne polyurethane dispersion are in great demand for textile coatings application due to their eco-friendliness and outstanding performance.

Their low volatile organic compound concentration enables them to comply with strict environmental standards and the sustainable objectives of the textile industry. Waterborne polyurethane dispersion improve fabric qualities without having a negative influence on the environment.

They offer outstanding adherence, durability, and flexibility. Since they are water-based, they produce less hazardous emissions when applied, which improves the quality of the working environment. These dispersions are perfect for technical textiles because they offer a pleasant, breathable surface. The adaptability and sustainability of waterborne polyurethane dispersion encourage their growing use in textile coatings as the textile industry adopts more sustainable practices.

Competitive Landscape

Key companies in the global market for waterborne polyurethane dispersion are augmenting their profitability by means of inventive product formulations that prioritize environmentally favorable and sustainable characteristics.

Their primary focus is on creating aqueous polyurethane dispersion that adhere to strict environmental laws by having a low amount of volatile organic compounds (VOCs). Strategic partnerships and mergers also provide access to a variety of markets and technological advancements.

Companies that prioritize sustainability and align with environmental goals not only get a competitive edge in the global market but also assure regulatory compliance by appealing to eco-friendly consumers as well as industries. focusing on environmental sustainability and adhering to regulations.

Some of the key developments in this market are :

  • In 2022, BASF broke news about its new Polyurethane Application Development Laboratory in Mumbai, India. Modern applications equipment will be housed in the new lab, which will be around 2,000 square meters in size. The lab, which is scheduled to open in 2024, would improve cooperation with Indian clients in fast-growing sectors such as consumer appliances, building, furniture, footwear, and transportation. Improved customer support services will be provided, including line trials, personalized formulations, troubleshooting, and customer training. Along with the Creation Center, which is housed at BASF's Innovation Campus in Mumbai, this will support customer innovation.
  • In 2022, Covestro, a materials company, began construction on two new factories in Shanghai in order to fulfill the growing demand for elastomers as well as polyurethane dispersion (PUDs). These new facilities will be housed within the Covestro Integrated Site Shanghai, and together they constitute a mid-double-digit million euro investment. These initiatives will support China's and other countries' high-quality, sustainable development.

Segmentation of Waterborne Polyurethane Dispersion Market Research

  • By Product Type :

    • Anionic PUD
    • Cationic PUD
    • Non-Ionic PUD
    • Self-Crosslinking PUD
    • Hybrid PUD
  • By Application :

    • Plastic Coatings
    • Paper Coatings
    • Textile Coatings
    • Metal Coatings
    • Wood Coatings
  • By Region :

    • North America
    • Europe
    • Latin America
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

What was the estimated value of the waterborne polyurethane dispersion market in 2019?

The global waterborne polyurethane dispersion market was valued at US$ 1,045.3 million in 2019.

What will be the outlook for waterborne polyurethane dispersion in 2024?

The global market for waterborne polyurethane dispersion is likely to be valued at US$ 1,634.2 million in 2024.

What is the market value for waterborne polyurethane dispersion in 2034?

Demand for waterborne polyurethane dispersion is projected to reach a market value of US$ 2,934.5 million by 2034.

What is the adoption CAGR for waterborne polyurethane dispersion from 2024 to 2034?

Adoption of waterborne polyurethane dispersion is projected to develop at a CAGR of 5.4% through 2034.

At what rate is the market in North America predicted to rise?

The North America market for waterborne polyurethane dispersion is projected to garner a CAGR of 6.2% through 2034.

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Waterborne Polyurethane Dispersion Market

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