Rockville, April 26, 2023 (GLOBE NEWSWIRE) -- On the basis of Fact.MR, a market research and competitive intelligence provider, the global polyurethane dispersion market is estimated to be valued at US$ 2.5 billion in 2023 and is expected to grow at a CAGR of 7.7% during the forecast period of 2023-2033.
Polyurethane dispersion (PUD) is a water-based, high-performance polymer that is used in a variety of applications such as coatings, adhesives, sealants, and elastomers. The PUD market is experiencing significant growth due to increasing demand from end-use industries such as automotive, furniture, construction, and textiles.
The growing use of PUDs in the booming automotive industry for the production of high-performance coatings and adhesives. Further, PUDs are preferred over traditional solvent-based coatings due to their low VOC emissions and high durability. This, in turn, create ample growth opportunities for the market players.
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| Report Attributes | Details |
| Polyurethane Dispersion Market Size (2022A) | US$ 2.3 Billion |
| Estimated Market Value (2023E) | US$ 2.5 Billion |
| Forecasted Market Value (2033F) | US$ 5.2 Billion |
| Global Market Growth Rate (2023-2033) | 7.7% CAGR |
| No. of Pages | 170 Pages |
| No. of Tables | 84 Tables |
| No. of Figures | 74 Figures |
The increasing demand for sustainable and eco-friendly coatings and adhesives, along with the growing awareness of health and safety issues, is also a prominent factor driving the growth of the PUD market.
Further, with the increasing demand for bio-based and renewable raw materials, manufacturers are focusing on developing PUDs from sustainable sources such as soybean oil, castor oil, and corn starch, to reduce the carbon footprint and minimize the environmental impact of their products driving the polyurethane dispersion market growth.
Key Takeaways from Market Study
- The global polyurethane dispersion market is projected to grow at 7.7% CAGR and reach US$ 5.2 billion by 2033
- The global polyurethane dispersion market is valued at US$ 2.5 billion in 2023
- The global polyurethane dispersion market size reported by Fact.MR for 2022 is US$ 2.3 billion
- South Asia would experience a prominent growth rate of around 11.0% during the forecast period
- Huntsman Corporation and BASF SE are the prominent market players
“Sustainable and Eco-Friendly Coatings Demand Likely to Drive Polyurethane Dispersion Demand During the Forecast Period” says a Fact.MR analyst.
Segmentation of Polyurethane Dispersion Industry Research
- By Component:
- Water-based
- Solvent-based
- By Application:
- Paints and Coatings
- Adhesives and Sealants
- Leather Finishing
- Textile Finishing
- Others
- By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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Market Growth Stratagems
The polyurethane dispersion (PUD) market is highly competitive with the presence of several key players, including BASF SE, Covestro AG, Dow Chemical Company, Huntsman Corporation, and Lubrizol Corporation. These companies are adopting various growth strategies to expand their market share and strengthen their position in the industry.
One of the key growth strategies adopted by PUD market players is mergers and acquisitions. Further, investing in research and development to develop new and advanced PUD products that meet the growing demand for sustainable and eco-friendly coatings, adhesives, and sealants.
For instance:
- 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.
Key Companies Profiled
- Bayer Material Science
- BASF SE
- Chemtura Corporation
- Huntsman Corporation
- Lubrizol Corporation
- The Dow Chemical Company
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the polyurethane dispersion market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of component (water-based and solvent-based), application (paints and coatings, adhesives and sealants, leather finishing, textile finishing, and others), and across major regions of the world (North America, Latin America, Europe, East Asia, South Asia, and Oceania, Middle East & Africa).
Key Questions Covered in the Polyurethane Dispersion Market Report
- What will be the estimated size of the Market in 2023?
- At what rate will the global Polyurethane Dispersion sales grow until 2033?
- Which are the factors hampering the Polyurethane Dispersion demand?
- Which region will spearhead the growth in the global industry during 2023-2033?
- Which are the factors driving sales in the Polyurethane Dispersion Market during the forecast period?
Check out more related studies published by Fact.MR Research:
Polyurethane Market: Global Polyurethane Market is likely to grow rapidly because of the various benefits of polyurethane, coupled with the rising application of polyurethane in different industries, with North America and Europe leading the way with around 60% of the market share. Worldwide polyurethane consumption is valued at US$ 83.1 billion in 2022, and the market is forecast to reach US$ 162.3 billion by 2032, expanding at a high CAGR of 7% from 2022 to 2032.
Thermoplastic Polyurethane Market: The global sales of the Thermoplastic Polyurethane Market in 2021 were held at US$ 3 Billion. With 6% CAGR during 2022 – 2032, the market is projected to reach a valuation of US$ 5.8 Billion by the end of 2032. Polyester-Type Thermoplastic Polyurethanes is expected to be the highest revenue-generating segment, projected to grow at a CAGR of over 7% during 2022 – 2032.
Expanded Thermoplastic Polyurethane Market: Properties offered by expanded thermoplastic polyurethane are a combination of the properties of thermoplastic polyurethane and foam. Expanded thermoplastic polyurethane is a highly elastic material with low density and excellent resilience and high abrasion resistance. Some of the key features of expanded thermoplastic polyurethane are high tensile strength, high resistance to chemicals and good long-term durability at wide temperature ranges.
Pigment Dispersion Resin Market: Pigment dispersion resin can offer the finest quality of paints, inks and coatings with extraordinary colour strength. Pigment dispersion resin replaces the air and moisture covering the pigment and transforms the dry pigment into pigment dispersion. The market has blown-up after advanced discoveries in polymers which have become the driving factor for the growth of the pigment dispersion resin market.
Wax Dispersion Market: According to the latest study by Fact.MR, wax dispersion market is expected to show progressive growth over the forecast period (2021-2031). Increasing demand for wax dispersion in inks & coatings industry has ignited the demand for these wax dispersion during the assessment period. Moreover, business is projected to grow at CAGR of around ~6.5% over the projected forecast period.
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