What is the key market trend for Global Polyurethane Dispersion (PUD) Market?

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 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 2024-2031

Q: What is the global market size of Polyurethane Dispersion (PUD) Market?

Global Polyurethane Dispersion (PUD) Market size was valued at USD 5.10 billion in 2022 and is poised to grow from USD 5.57 billion in 2023 to USD 11.26 billion by 2031, growing at a CAGR of 9.2% in the forecast period (2024-2031).

Q: Who are the key vendors in the Global Polyurethane Dispersion (PUD) Market?

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. 'Bayer', 'DSM', 'Chemtura', 'Lubrizol', 'BASF', 'Alberdingk Boley', 'Hauthaway', 'Stahl', 'Mitsui Chemicals', 'UBE', 'DIC', 'Reichhold', 'Wanhua Chemical', 'Dow Chemical', 'SiwoChem', 'SNP', 'Chase', 'VCM Polyurethanes'

Report ID: SQMIG20K2005 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 65 | Figures: 73

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.

Polyurethane Dispersion (PUD) Market Report Snapshots

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Polyurethane Dispersion (PUD) Market size was valued at USD 5.10 billion in 2022 and is poised to grow from USD 5.57 billion in 2023 to USD 11.26 billion by 2031, growing at a CAGR of 9.2% in the forecast period (2024-2031).

The competitive environment of the 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 Polyurethane Dispersion (PUD) Market. 'Bayer', 'DSM', 'Chemtura', 'Lubrizol', 'BASF', 'Alberdingk Boley', 'Hauthaway', 'Stahl', 'Mitsui Chemicals', 'UBE', 'DIC', 'Reichhold', 'Wanhua Chemical', 'Dow Chemical', 'SiwoChem', 'SNP', 'Chase', 'VCM Polyurethanes'

The 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.

The Polyurethane Dispersion (PUDs) market stands to benefit significantly from the formulation and enforcement of stringent environmental regulations by governing bodies across various 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.

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.

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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 2024-2031

Polyurethane Dispersion (PUD) Market Dynamics

Polyurethane Dispersion (PUD) Market Report Snapshots

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FAQs

What is the market size of Polyurethane Dispersion (PUD) Market?

Who are the key vendors in the Polyurethane Dispersion (PUD) Market?

What is the key driver of Polyurethane Dispersion (PUD) Market?

What is the key market trend for Polyurethane Dispersion (PUD) Market?

Which region accounted for the largest share in Polyurethane Dispersion (PUD) Market?

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