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Waterborne Polyurethane Dispersion Market Research Report – Segmented By Application (Coatings, Adhesive & Sealants, Leather Finishing, Paper & Textile, Others); By End-User (Building & Construction, Automotive & Transportation, Furniture, Electronics, and Others); and Region - Size, Share, Growth Analysis | Forecast (2023 – 2030)

Waterborne Polyurethane Dispersion Market Size (2023 – 2030)

The Global Waterborne Polyurethane Dispersion Market was esteemed at USD 1.89 Billion in 2022 and is projected to value at USD 2.88 Billion by 2030, growing at a fast CAGR of 5.4% during the forecast period 2023-2030. Waterborne polyurethane dispersions (PUDs) are a class of polymers that enable simple and environmentally friendly applications since they are dispersed in water. These dispersions are a mixture of water, polyurethane resins, and other additives. Due to the rising need for eco-friendly and low VOC (volatile organic compound) paints, adhesives, and sealants, the market for aqueous polyurethane dispersion is expanding quickly. As the demand for eco-friendly, low-VOC paints, adhesives, and sealants rises, it is predicted that the market for aqueous polyurethane dispersion will expand quickly throughout the projection period. Rising demand for environmentally friendly paints and sealants is anticipated to propel market expansion in the construction sector. North America and Europe are anticipated to dominate the market, with Asia-Pacific projected to develop at the fastest rate. To satisfy the growing demand for eco-friendly coatings, adhesives, and sealants, major market players are concentrating on product innovation and expanding their product portfolios. 

WATERBORNE POLYURETHANE DISPERSION MARKET

Global Waterborne Polyurethane Dispersion Market Drivers:

Growing Demand for Sustainable Coatings is fuelling market expansion.

One of the key factors propelling the global market for waterborne polyurethane dispersion is the rising need for eco-friendly coatings. There has been a discernible shift recently towards ecologically friendly and sustainable coatings in several end-use industries, such as construction, automotive, and textiles. The main driving forces behind this are the desire to reduce coatings' harmful impacts on the environment and the public's rising knowledge of these effects. Due to their low VOC emissions and improved performance qualities including good adhesion, abrasion resistance, and flexibility, waterborne polyurethane dispersions can replace conventional solvent-based coatings. As a result, there is a growing need for waterborne polyurethane dispersions across a variety of end-use industries, which is driving the growth of the global market.

Industrialization is rapidly increasing, driving global economic growth and development expanding the global market growth.

The growing industrialization in developing nations is another key factor driving the market for waterborne polyurethane dispersion globally. The need for coatings, adhesives, and sealants has increased across a variety of industries, including textiles, construction, and automotive. Because of their outstanding performance qualities and environmental friendliness, waterborne polyurethane dispersions are frequently employed in various industries. The global market has expanded as a result of the increase in demand for waterborne polyurethane dispersions in these industries. In addition, prominent market participants' increased emphasis on product research and innovation has resulted in the creation of improved waterborne polyurethane dispersions that meet the demands of diverse end-use sectors. The expansion of the global market has been further spurred by this.

Waterborne Polyurethane Dispersions Market

Global Waterborne Polyurethane Dispersion Market Challenges:

One of the main problems the waterborne polyurethane dispersion industry is facing globally is constrained application breadth. The increased performance features and environmental friendliness of waterborne polyurethane dispersions may not make them suitable for all applications. For instance, solvent-based coatings may, in some circumstances, provide a higher level of tensile strength and chemical resistance than polyurethane dispersions that are waterborne. This limits the variety of applications for waterborne polyurethane dispersions, which may hinder the market growth of these materials in a number of end-use industries. In order to face this challenge, significant market players are investing in R&D to create enhanced waterborne polyurethane dispersions that can handle a wider range of applications.

Global Waterborne Polyurethane Dispersion Market Opportunities:

The expanding need for water-based coatings in emerging nations like Asia-Pacific, the Middle East, and Africa represents one of the main potential growth markets for waterborne polyurethane dispersion worldwide. The demand for sustainable and ecologically friendly coating rises along with the expansion of urbanisation and industry in these regions, creating a profitable market for waterborne polyurethane dispersion. 

Impact of COVID-19 on the Global Waterborne Polyurethane Dispersion Market:

The COVID-19 pandemic has increased the need for waterborne polyurethane dispersion all across the world. The pandemic has made many end-use industries—including healthcare and packaging—pay more attention to sanitation and hygiene. As a result, antibacterial and antiviral coatings and adhesives are now more important than ever. The ability to incorporate these features into the creation of waterborne polyurethane dispersions has increased demand for these products. However, the COVID-19 pandemic has also resulted in broken supply chains and a drop in demand in a number of end-use industries, including the construction and automobile industries. The outcome has been a decline in the manufacturing and sales of waterborne polyurethane dispersions, which has affected the global market.

Global Waterborne Polyurethane Dispersion Market Recent Developments:

  • In January 2021, for usage in automotive OEM and vehicle refinish coatings, Allnex created DAOTAN 7061/35WA, a cutting-edge waterborne polyurethane dispersion. This product's design aims to deliver outstanding performance in a range of applications, including waterborne automotive and refinish basecoats, automobile interior & exterior primers, and general industrial uses.
  • In January 2020, due to rising customer demand, BASF, a significant producer of waterborne polyurethane boosted its production capacity by 30% across Europe. This expansion aims to make sure that clients receive the best products in a timely manner.

 

WATERBORNE POLYURETHANE DISPERSION MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 - 2030

Base Year

2022

Forecast Period

2023 - 2030

CAGR

5.4%

Segments Covered

By Application, End-User, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regional Scope

North America, Europe, APAC, Latin America, Middle East & Africa

Key Companies Profiled

Dow, Bayer Material science, Axalta Coating Systems, Henkel, PPG Industries, BASF, H.B. Fuller, RPM International, 3M, Sherwin-Williams 

Global Waterborne Polyurethane Dispersion Market Segmentation: By Application

  • Coatings
  • Adhesive & Sealants
  • Leather Finishing
  • Paper & Textile
  • Others

Depending on the application, the waterborne polyurethane dispersion market is segmented into coatings, adhesives & sealants, leather finishing, paper & textile, and others. Coatings make up the majority of the market since waterborne polyurethane dispersions are frequently utilised in coatings for wood, metal, and plastic. Another factor influencing the expansion of the adhesive and sealant market is the demand for sustainable and environmentally friendly adhesives in the construction and automotive sectors. Due to the demand for high-performance and environmentally friendly coatings in the aforementioned industries, growth is also anticipated in the paper & textile finishing, and leather finishing sectors. Currently, coatings and adhesives & sealants are the two largest divisions, but as the industry focuses on environmentally friendly coatings, it is anticipated that the other segments will expand.

Global Waterborne Polyurethane Dispersion Market Segmentation: By End-User

  • Building & Construction
  • Automotive & Transportation
  • Electronics
  • Electronics
  • Others

The end-user categories of the global market for waterborne polyurethane dispersion include building & construction, automotive & transportation, electronics, textiles, and others. Because waterborne polyurethane dispersions are widely utilised in a variety of construction applications, consisting of waterproofing, roofing, and floor coatings, the building and construction sector now maintains the greatest market share. Due to the industry's rising demand for environmentally friendly and sustainable coatings and adhesives, the automotive and transportation area is also expanding. The increasing demand for high-performance coatings and adhesives that shield against moisture, heat, and chemicals is predicted to fuel continuous expansion in the electronics sector. Also, the textile sector is anticipated to expand dramatically as the need for water-based paints and finishes rises.  

Global Waterborne Polyurethane Dispersion Market Segmentation: By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East
  • Latin America

The regions of North America, Europe, Asia-Pacific, the Middle East, and Latin America make up the majority of the world market for waterborne polyurethane dispersion. Given the rising demand for water-based coatings and adhesives in the construction, automotive, and textile industries, Asia Pacific currently has the highest market share among these areas. Industrialization, urbanisation, and a focus on ecologically friendly products in the area are all driving its expansion. The increased demand for ecologically friendly adhesives and coatings in the building, packaging, and automotive industries is contributing to substantial growth throughout Europe. Long-term growth is being driven in North America by the automobile and construction industries. With an emphasis on sustainability and environmental friendliness across a number of end-use industries, the Middle East and Latin America are also expanding. Although the Middle East and South America now hold smaller market shares, these regions are predicted to experience rapid growth in the next few years. The largest market share at the moment is in Asia Pacific, followed by Europe and then North America. 

Global Waterborne Polyurethane Dispersion Market Key Players:

  1. Dow 
  2. Bayer Material science 
  3. Axalta Coating Systems 
  4. Henkel 
  5. PPG Industries 
  6. BASF 
  7. H.B. Fuller 
  8. RPM International 
  9. 3M 
  10. Sherwin-Williams 

Chapter 1. Global Waterborne Polyurethane Dispersion Market Segmentation – Scope & Methodology
1.1. Market Segmentation
1.2. Assumptions
1.3. Research Methodology
1.4. Primary Sources
1.5. Secondary Sources
Chapter 2. Global Waterborne Polyurethane Dispersion Market Segmentation – Executive Summary
2.1. Market Size & Forecast – (2023 – 2030) ($M/$Bn)
2.2. Key Trends & Insights
2.3. COVID-19 Impact Analysis
 2.3.1. Impact during 2023 - 2030
  2.3.2. Impact on Supply – Demand
Chapter 3. Global Waterborne Polyurethane Dispersion Market Segmentation – Competition Scenario
3.1. Market Share Analysis
3.2. Product Benchmarking
3.3. Competitive Strategy & Development Scenario
3.4. Competitive Pricing Analysis
3.5. Supplier - Distributor Analysis
Chapter 4. Global Waterborne Polyurethane Dispersion Market Segmentation - Entry Scenario
4.1. Case Studies – Start-up/Thriving Companies
4.2. Regulatory Scenario - By Region
4.3 Customer Analysis
4.4. Porter's Five Force Model
       4.4.1. Bargaining Power of Suppliers
       4.4.2. Bargaining Powers of Customers
       4.4.3. Threat of New Entrants
       4.4.4. Rivalry among Existing Players
       4.4.5. Threat of Substitutes
Chapter 5. Global Waterborne Polyurethane Dispersion Market Segmentation - Landscape
5.1. Value Chain Analysis – Key Stakeholders Impact Analysis
5.2. Market Drivers
5.3. Market Restraints/Challenges
5.4. Market Opportunities 
Chapter 6. Global Waterborne Polyurethane Dispersion Market Segmentation - By Application
6.1    Coatings
6.2    Adhesive & Sealants
6.3    Leather Finishing
6.4    Paper & Textile
6.5    Others
Chapter 7. Global Waterborne Polyurethane Dispersion Market Segmentation - By End-User
7.1    Building & Construction
7.2    Automotive & Transportation
7.3    Electronics
7.4    Others
Chapter 8. Global Waterborne Polyurethane Dispersion Market Segmentation - By Region
8.1    North America
8.2    Europe
8.3    Asia Pacific
8.4    Middle East
8.5    Latin America
Chapter 9. Global Waterborne Polyurethane Dispersion Market Segmentation - Key Players
9.1    Dow 
9.2    Bayer Material science 
9.3    Axalta Coating Systems 
9.4    Henkel 
9.5    PPG Industries 
9.6    BASF 
9.7    H.B. Fuller 
9.8    RPM International 
9.9    3M 
9.10    Sherwin-Williams 


 

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Frequently Asked Questions

The Global Waterborne Polyurethane Dispersion Market was esteemed at USD 1.89 Billion in 2022 and is projected to value at USD 2.88 Billion by 2030, growing at a fast CAGR of 5.4% during the forecast period 2023-2030.

The Global Waterborne Polyurethane Dispersion Market is driven by the growing Demand for Sustainable Coatings.

The Segments under the Global Waterborne Polyurethane Dispersion Market by the application are Coatings, Adhesives & Sealants, Leather Finishing, Paper & Textile, and others.

China, Japan, South Korea, Singapore, and India are the most dominating countries in the Asia Pacific region for the Global Waterborne Polyurethane Dispersion Market.

BASF, Sherwin-Williams, and PPG Industries are the three major leading players in the Global Waterborne Polyurethane Dispersion Market

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