USD 5.10 billion
Polyurethane Dispersion (PUD) Market Size, Share, Growth Analysis, By Product(Water-based dispersions, Solvent-based dispersions), By Application(Textile Finishing, Natural Leather Finishing, Synthetic Leather, Water-based paints), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20K2005 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
65
|Figures:
73
Polyurethane Dispersion (PUD) Market Insights
Polyurethane Dispersion (PUD) Market size was valued at USD 5.57 Billion in 2023 and is poised to grow from USD 6.08 Billion in 2024 to USD 12.3 Billion by 2032, growing at a CAGR of 9.2% during the forecast period (2025-2032).
The market is poised for substantial growth, driven by a rising demand for leather and textile products in both everyday life and the flourishing fashion industry. The versatile applications of polyurethane dispersion further contribute to this upward trajectory, particularly in enhancing the quality and durability of materials used in the production of leather and textiles.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Solvent-based dispersions
Fastest Growth
Growth Rate
9.2% CAGR
Global Polyurethane Dispersion (PUD) Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Polyurethane Dispersion (PUD) Market Segmental Analysis
The global polyurethane dispersion (pud) market is segmented into five major segments i.e by product, application and region. Based on product the market is segmented as, water-based dispersions, solvent-based dispersions. Based on application the market is segmented as, textile finishing, natural leather finishing, synthetic leather, water-based paints, paints and coatings, others. Based on region, the market is segmented as, North America, Asia Pacific, Latin America, Middle East & Africa (MEA).
Analysis by Product
Water-based and solvent-based represent the two major product segments within the polyurethane dispersion (PUD) market. In recent years, water-based products have emerged as the dominant force on a global scale and are anticipated to maintain this trend throughout the forecast period. Projections indicate a noteworthy Compound Annual Growth Rate (CAGR) of 6.4% from 2014 to 2022 for water-based polyurethane dispersion.
The solvent-based dispersion market is poised for significant growth, with a projected CAGR of 7.3% over the next seven years. Water-based products have emerged as a favored choice due to their environmentally friendly properties, positioning them as a more suitable option for companies aiming to align with stringent environmental regulations established by governmental agencies.
Analysis by Application
The paints and coatings segment emerged as a dominant force, capturing a significant share in the global polyurethane dispersions industry. This prominence can be attributed to the widespread use of paints and coatings in the construction sector, where they find diverse applications. The escalating levels of construction activities, coupled with substantial infrastructure development, have fueled the demand for polyurethane dispersions within the paints and coatings segment.
The water-based paints application segment emerged as a dominant force, claiming a substantial 54.5% share of the overall revenue. This remarkable dominance is primarily attributed to stringent environmental regulations, including the Clean Air Act, which have incentivized the adoption of environmentally friendly alternatives. Water-based paints have become a preferred choice due to their compliance with these regulations, offering a sustainable solution that aligns with Japan's commitment to environmental conservation.
Global Polyurethane Dispersion (PUD) Market By Product
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Polyurethane Dispersion (PUD) Market Regional Insights
The dominance of the Asia Pacific region in the polymer dispersion market can be primarily attributed to stringent environmental regulations, exemplified by initiatives like the Clean Air Act. These regulatory measures have significantly influenced the market dynamics by incentivizing the adoption of environmentally friendly alternatives.
In North America there has been a notable rise in the emphasis on environmental regulations. Stringent guidelines targeting volatile organic compound (VOC) emissions and a heightened focus on environmental sustainability have compelled industries to embrace eco-friendly alternatives.
Global Polyurethane Dispersion (PUD) Market By Region
- Largest
- Fastest
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Polyurethane Dispersion (PUD) Market Dynamics
Drivers
High Demand form Textile and Leather Industries
- The Global Polyurethane Dispersion (PUD) Market is significantly driven by the increasing demand for blood and blood components, particularly in regions such as India where there is a substantial need for blood transfusions. The country alone witnesses an extensive requirement for blood due to factors like 60 million daily surgeries, 240 million primary operations, 331 million cancer-related procedures, and 10 million pregnancy complications.
Restraints
Increasing Demand for Acid-Epoxy Coatings
- Polyurethane dispersions (PUDs) play a pivotal role in the coatings market, but concerns over volatile organic compound (VOC) content within polyurethane coatings have become a focal point for the industry. Addressing this issue requires substantial investment in Research and Development (R&D) by raw material suppliers to pioneer newer technologies that align with the industry's "zero-VOC" target.
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Polyurethane Dispersion (PUD) Market Competitive Landscape
The competitive environment of the Global Polyurethane Dispersion (PUD) Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Global Polyurethane Dispersion (PUD) Market.
Top Player’s Company Profiles
- Bayer
- DSM
- Chemtura
- Hauthaway
- Stahl
- Mitsui Chemicals
- UBE
- DIC
- Reichhold
- Wanhua Chemical
- Dow Chemical
- SiwoChem
- SNP
- Chase
- VCM Polyurethanes
Recent Developments
- In April 2023, novel polyurethanes with precisely controlled structures were successfully synthesized through polyaddition polymerization. These innovative polymers belong to the category of alternating block polyurethanes, and their structural composition is based on poly(propylene glycol) and poly(ethylene glycol) segments connected through urethane linkages.
Polyurethane Dispersion (PUD) Key Market Trends
Government Regulations Regarding Environment-Friendly Products
- The Global Polyurethane Dispersion (PUDs) market stands to benefit significantly from the formulation and enforcement of stringent environmental regulations by governing bodies across various global economies. Notably, various solvents employed in the manufacturing of these dispersions, such as NMP, NEP, and DMSO, contribute to increased Volatile Organic Compound (VOC) emissions.
Polyurethane Dispersion (PUD) Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Polyurethane Dispersion (PUD) Market analysis reveals a dynamic marketplace largely propelled by the burgeoning demand for sustainable and environmentally friendly coatings and adhesives, coupled with a heightened awareness of health and safety considerations, stands out as a significant driver propelling the growth of the Polyurethane Dispersion (PUD) market. Manufacturers, in response to a global shift towards eco-conscious practices, are increasingly prioritizing the development of PUDs from bio-based and renewable raw materials.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 5.10 billion |
| Market size value in 2031 | USD 11.26 billion |
| Growth Rate | 9.2% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Polyurethane Dispersion (PUD) Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Polyurethane Dispersion (PUD) Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Polyurethane Dispersion (PUD) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Polyurethane Dispersion (PUD) Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Polyurethane Dispersion (PUD) Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Polyurethane Dispersion (PUD) Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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