Polyurethane Dispersion Market Overview

"The Polyurethane Dispersion Market Predictable at $1.45 billion in 2022, is estimated to increase at a CAGR of 7.2% from $1.98 billion in 2023 to $4.45 billion by 2030."

Polyurethane dispersions deliver an outstanding fusion of toughness, mechanical characteristics, and durability when delivered in water. They can be used on a wide range of objects and surfaces, such as clothes, brickwork, metal, plastic, and wood. Flexible, specialized products made to meet particular needs and regulations are provided by Lubrizol using cutting-edge water-borne polyurethane dispersion technologies. Performance, simplicity, and long-term benefits are what the company is dedicated to delivering through ongoing customer partnership and innovation.

AptalonTM polyamide polyurethane technology, based on patented polyamide polyols, offers a unique solution to coating challenges. It meets high performance standards in chemical, abrasion, and ageing resistance, while also providing high visual appeal. This innovative chemistry can equal the performance of solvent-borne materials, offering simplicity through 1K self-crosslinking systems and sustainability due to its high carbon content derived from bio-based materials.

Polyurethane Dispersions (PUDs) have significant potential as adhesives and coatings, but solvent-based polyurethanes emit harmful pollutants. Waterborne PUDs, which use water as the primary solvent, offer eco-friendly alternatives, such as water-resistance, weatherability, non-yellowing character, and excellent adhesion, compared to regular acrylic emulsions.

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Polyurethane Dispersion Market Segment Analysis

The market share of Water-Based Polyurethane Dispersion is higher due to its superior properties and ease of use.

The water-based polyurethane dispersions (PUDs) market for polyurethane coatings is expanding quickly as a result of environmental regulations like the Clean Air Act and technological advancements that have made PUDs an efficient replacement for their solvent-based counterparts. They are flexible coating materials with low environmental impact that come in a variety of hardness and solid content. Their creation into compatible coatings for a variety of substrates is made easier by their nil to low volatile organic content. Their broad variety of exceptional qualities, including abrasion resistance, impact strength, and low temperature flexibility, are what are propelling their steadily rising use in numerous applications.

Due to its smaller carbon footprint and absence of volatile organic components, water-based polyurethane dispersion (PUD) is a more environmentally friendly alternative to PUD based on solvents. Due to fewer explosion and flammability risks, it is safer to use and handle. Since water may be used to dilute it and it doesn't need special equipment, water-based PUD is easier to utilize and less expensive. It performs better than solvent-based PUD in terms of adhesion, abrasion resistance, and durability.

In addition, water-based PUD also offers improved indoor air quality as it emits lower levels of harmful fumes compared to solvent-based PUD. Moreover, its non-toxic nature makes it a suitable choice for applications in sensitive environments such as hospitals or schools.

Market Dynamics

Drivers

The market growth in leather and textile products is being facilitated by the increasing demand for PUDs.

The polyurethane dispersion (PUD) market is expanding due to the demand for high-quality, long-lasting, and environmentally friendly coatings, adhesives, and sealants in the leather and textile sectors. PUD is used in synthetic leather production, offering superior durability, water resistance, and scratch resistance compared to genuine leather.

Polyurethane dispersions are increasingly used in various sectors due to their film hardness, ease of handling, and low organic content. They are particularly popular in coatings and leather treatments due to their excellent temperature durability, high tensile strength, and resistance to wear. The demand for textile and leather goods is increasing due to rising disposable income and living standards. The interior and furniture industries are also seeing increased use due to industrialization and urbanization, particularly in developing nations. Factors such as environmental awareness, public infrastructure development, strict emission regulations, and the fashion sector are expected to contribute to market expansion.

R&D spending has increased, leading to new product introductions and global companies expanding into developing nations. Water-based polyurethane dispersions are becoming popular due to stringent environmental regulations and growing awareness. They are becoming popular as low-volatile coating materials in the automotive sector. Applications for polyurethane dispersions have expanded due to electrification and passenger car demand. Future demand is expected to be driven by modernized automobiles and driverless vehicles, as well as the increasing demand for modernized vehicles.

Competitive Landscape of the Polyurethane Dispersion Market

• Bayer Material Science
• BASF SE
• Chemtura Corporation
• Huntsman Corporation
• Lubrizol Corporation
• The Dow Chemical Company

Recent Developments in Polyurethane Dispersion Market

May 23, 2023 Huntsman Announces Development of New Materials Designed to Boost Battery Performance and Protection

BELGIUM – Huntsman will announce the development of innovative polyurethane, carbon nanotube and epoxy materials at The Battery Show this week, which are all designed to help improve the integration of batteries into electric vehicles and enhance their protection and performance.

For battery cell producers looking to increase the capacity of their cells or interested in reduction of the weight of their cells, Huntsman has introduced MIRALON® NMP Dispersions and MIRALON® Current Collectors. The MIRALON® NMP Dispersions for LFP and high-nickel cathodes offer high conductivity with much lower concentration than carbon black and are rate performance-compatible with fast charging protocols. MIRALON® Current Collectors for ultra-lightweight applications can replace heavier metallic current.

12 July 2022 BASF doubles its polymer dispersions capacity in Dahej, supporting fast-growing industries in South Asia

BASF is one of the leading producers and suppliers of acrylics and butadiene-containing dispersions in the Asia Pacific region. “As a global supplier for polymer dispersions, we are committed to ensuring the supply of high-quality products, supporting our customers’ expansion plans. The South Asian market is one of the fast-growing sub-regions within the Asia Pacific region. Our customers are looking for global partners like BASF, who can bring innovation and expertise with its extensive footprint to help them differentiate in their markets,” said Milind Joshi, Director, Dispersions South Asia at BASF.

Covestro is planning a new production facility for polyurethane dispersions (PUDs) at the Covestro Integrated Site in Shanghai, China (CISS) to address the rising demand for environmentally compatible coatings and adhesives in the Asia-Pacific region. The company has scheduled the completion of this plant for 2024.

Regional Analysis

The demand for polyurethane dispersion in the U.S. is driven by various factors.

Furthermore, the growing awareness among consumers about the harmful effects of traditional materials on the environment has led to a shift towards eco-friendly alternatives like PUD. This trend is expected to drive the demand for polyurethane dispersion in the US market and encourage manufacturers to develop more sustainable and innovative solutions in response to these changing preferences. 

In addition, the increasing urbanization and infrastructure development in countries like China and India have also contributed to the growth of the water-based paints market in Asia Pacific. Furthermore, rising consumer awareness about the harmful effects of solvent-based coatings on human health and the environment has further fueled the demand for water-based paints in this region. 

The Chinese Polyurethane Dispersion Market is anticipated to be highly lucrative due to its diverse and diverse product offerings.

 In addition, the Chinese government has also implemented stricter regulations on volatile organic compound (VOC) emissions, which has further incentivized the use of PUD-based coatings and adhesives in construction projects. As a result, manufacturers are increasingly investing in research and development to improve the performance and versatility of PUD-based products to meet the growing demand in the market. 

Segments Covered in the Polyurethane Dispersion Market Report

By Component:

• Water-based
• Solvent-based

By Application:

• Paints and Coatings
• Adhesives and Sealants
• Leather Finishing
• Textile Finishing
• Others

Frequently Asked Questions

What is the expected growth rate of the Polyurethane Dispersion market over the next 7 years?

The Polyurethane Dispersion Market Predictable at $1.45 billion in 2022, is estimated to increase at a CAGR of 7.2% from $1.98 billion in 2023 to $4.45 billion by 2030.

Who are the major players in the Polyurethane Dispersion market and what is their market share?

Dow Chemical Company., Huntsman Corporation, and BASF SE, are prominent players operating and dominating in the market.

What aspects of the forecast period's growth in sales of polyurethane dispersion are there?

The polyurethane dispersion market is expected to grow due to increasing demand from the expanding leather and paints & coating industries.

Which Region is expected to witness the highest growth in the Polyurethane Dispersions Market?

The polyurethane dispersions market is predicted to experience the most significant growth in the Asia-Pacific region over the next seven years.