Aqueous Polyurethane Dispersion Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2034
Page: 215 | Report Code: MC241230 | Research Suite: Report (PDF) & Market Data (Excel)
The aqueous polyurethane dispersion is referred to a
polymers resin which is dispersed in water, it is evenly spreaded or
distributed throughout the aqueous phase. They are favored for their properties
including low volatile organic compound and are widely used across diverse
industries for coating, adhesives, etc.
MARKET
OVERVIEW
The market valuation of the aqueous polyurethane dispersion market was valued at approximately USD xx billion in 2023 and is projected to reach USD xx billion in 2034 exhibiting a CAGR of xx.x% during the forecast period of 2024-2034. The market is aligned with diverse sector, which makes it a sustainable and growing market.
GROWTH
DRIVERS
The rise in the construction and infrastructure development coupled with rapid urbanization is one of the key drivers of the market where the aqueous PUDs are extensively used as sealants and adhesives. The World Bank highlights around 56% of the world’s population, i.e., 4.4 billion inhabitants, live in cities today. This trend is expected to continue, with the urban population more than doubling its current size by 2050, at which point nearly 7 of 10 people will live in cities.
As per the report by Global Construction 2030, the volume
of construction output is anticipated to grow by grow by 85.0% to USD 15.5
trillion worldwide by 2030, with three countries including China, US and
India, leading the way and accounting for 57.0% of all global growth.
Moreover, the rise in automotive production is another significant driver of
the market where it is used for coating purposes. The International Organization
of Motor Vehicle Manufacturers (OICA) states around 85.4 million motor vehicles
were produced around the world in 2022, which is an increase of 5.7% compared
to 2021, contributing towards market growth.
MARKET SEGMENTATION:
·
By Application- coatings,
adhesives, sealants, textile finishes, leather finishing, elastomers and
others
·
By End Users-
building and construction, textile, automotive, furniture, packaging and
others
·
By Regions- North America,
Europe, Asia Pacific, South America, Middle East and Africa
Aqueous
Polyurethane Dispersion Market Segment by Application Review:
The aqueous polyurethane dispersion has diverse application and are favored for their properties including low volatility coupled with film-forming capabilities and its durability. It is utilized in the coatings, adhesives due to their excellent bonding and other applications includes sealants, textile finishes, leather finishing, elastomers and etc.
Aqueous
Polyurethane Dispersion Market Segment by End Users Review:
The aqueous polyurethane dispersion caters to vast
industries where some of the end users incudes the building and construction
industry for coating, sealants and adhesives, offering durability and weather
resistance. It is utilized in the textile industry for coating the fabric
and textile finishes, enhancing the softness. Moreover, they are also utilized
in the automotive sector for the interior and exterior coatings.
Regional
Analysis:
North America is a significant market driven by the presence of strict environmental regulations and robust presence of end users industries. Europe is another significant market driven by the strict EU policies like European Green Deal initiatives and robust presence of automotive manufacturing. APAC is significantly growing market driven by rapid industrialization and infrastructure development due to urbanization. MEA is a promising market driven by urbanization. South America is another growing market driven by automotive industry growth.
Key Challenges:
The aqueous polyurethane dispersion market involves complex
processes and involvement of expensive raw materials, which may hinder the
market growth. Moreover, the market faces competition from alternatives
available in the market such as power coatings, this may hamper the market
growth and adoption.
Competitive
Landscape:
In the highly competitive aqueous polyurethane dispersion market, companies are investing heavily in research and development to innovate and improve their products and services. They are also collaborating, forming strategic partnerships, or acquiring other companies to gain access to new market segments, enhance distribution networks, and increase market share.
The key news and development includes-
Global
Key Players:
·
BASF
·
Covestro
·
Huntsman
·
Dow Chemical Company
·
Evonik Industries
·
Lanxess
·
Wacker Chemie
·
Ashland Global Holdings
·
Cargill
·
RPM International
· Other Players
Attributes |
Details |
Base Year |
2023 |
Trend Period |
2024 – 2034 |
Forecast Period |
2024 – 2034 |
Pages |
215 |
By Application |
coatings, adhesives,
sealants, textile finishes, leather finishing, elastomers and others |
By End Users |
building and
construction, textile, automotive, furniture, packaging and
others |
By region |
North America, Europe,
Asia Pacific, the Middle East and Africa, and South America |
Company Profiles |
BASF, Covestro, Huntsman, Dow Chemical Company, Evonik Industries,
Lanxess, Wacker Chemie, Ashland Global Holdings, Cargill, RPM International, Other
Players |
Edition |
1st edition |
Publication |
December 2024 |