Global Polyurethane Dispersion (PUD) Market

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.

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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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Global Polyurethane Dispersion (PUD) Market

Report ID: SQMIG20K2005

$5,300
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