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)

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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-

  • In February 2021, Lanxess has signed a bond to acquire 100% share of Emerald Kalma chemical due to this acquisition, the Lanxess Company anticipates an additional annual ebitda contribution of approximate, USD 30 million.
  • In July 2024, Lubrizol introduced Turboset 5000HS, a high-solids, self-crosslinking PUD, as the latest addition to its range of resin technologies for coatings, designed to protect heavily used wooden floors.
  • In November 2023, Covestro AG launched low-carbon-footprint PUD in the Asia Pacific market, starting from Q1 2024, sourced from its CISS site in China.
  • In March 2021, Amyris, Inc., a prominent synthetic biotechnology company operating in the Clean Health and Beauty sectors through its consumer brands and as a major provider of sustainable and natural ingredients, disclosed the signing and completion of an agreement with DSM Nutritional Products Ltd., a subsidiary of Royal DSM. This agreement grants exclusive rights to DSM for the supply of Amyris's flavor and fragrance ingredients product portfolio. Amyris will retain the responsibility for the ongoing development, scaling, and manufacturing of future molecules in collaboration with its existing partners and DSM.
  • In June 2021, a collaboration was unveiled between Evonik, chemical distributor Biesterfeld Spezialchemie, and CheMondis, a prominent B2B online marketplace for chemicals. As per the agreement, Evonik's Coating Additives business line has made its portfolio for paints, coatings, and printing inks accessible for online procurement on CheMondis. 

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

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