Polyurethane Dispersions Market - Global Industry Analysis

Polyurethane Dispersions Market- By Type (Solvent-free and Low-solvent) and By Application (Paints & Coatings, Adhesives & Sealants, Leather finishing, and Textile finishing): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2022–2028

Published Date: 31-Mar-2022 Category: Chemical & Materials Report Format : PDF Pages: 194 Report Code: ZMR-298 Status : Published

The global Polyurethane Dispersions Market accrued earnings worth approximately 3.13 (USD Billion) in 2021 and is predicted to gain revenue of about 7.14 (USD Billion) by 2028, is set to record a CAGR of nearly 6.6% over the period from 2022 to 2028.

Description

The global Polyurethane Dispersions Market accrued earnings worth approximately 3.13 (USD Billion) in 2021 and is predicted to gain revenue of about 7.14 (USD Billion) by 2028, is set to record a CAGR of nearly 6.6% over the period from 2022 to 2028. The study provides assessment and analysis of the Polyurethane Dispersions Market on a global & regional level. It offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Billion).

COVID-19 Impact Analysis

Polyurethane dispersions market has been majorly impacted due to rapid spread of COVID-19 pandemic across globe. The pandemic halted large proportion of construction activities due to lockdown, thereby posing a threat to growth of polyurethane dispersions industry. Apart from this, economic slowdown caused due to pandemic has led to reduction in vehicle demand, thereby diminishing use of compound in automotive sector. However, the market is steadfastly gaining momentum post COVID-19 and is set to accrue optimum returns in forecasting years.   

Polyurethane Dispersions Market: Outlook

Polyurethane dispersion is a kind of polyurethane polymer resin that can be easily dispersed in water. It is an anionic dispersion having high molecular weight. These dispersions are created through reaction of diisocyanates with polyols. Moreover, polyurethane dispersions abbreviated as PUD is a method involving 2-phase system that disperses polyurethanes in water as well as other kinds of liquefying agents. Reportedly, these compounds possess exceptional features such as thermal stability, high proportion of elasticity, aberration resistance, and high tensile strength.

Furthermore, these compounds are utilized in preparing polyurethane coatings and adhesives comprising low volatile organic compounds & exhibiting excellent adhesion & coating features for metal, glass, plastics, wood, rubber, and textiles.

Polyurethane Dispersions Market: Growth Factors

Humungous demand for polyurethane dispersions in developing countries of Asia Pacific, Latin America, and the Middle East and Africa will boost polyurethane dispersions market growth. Need for environmental security such as low VOC emissions are leveraging expansion of polyurethane dispersions industry. In addition to this, polyurethane dispersions possess high level of flexibility, high abrasion resistance, toughness, and outstanding stability. These features have helped in increasing popularity of compound across aerospace, construction, automotive, leather, and textile industries. Nonetheless, oscillating features of product can put brakes on expansion of polyurethane dispersions market. Oscillating raw material costs and use of substitute products will put brakes on progress of polyurethane dispersions business.

Furthermore, scaling product demand from textile & leather sectors will steer growth of polyurethane dispersions industry. Strict government laws favoring use of eco-friendly products will drive growth of polyurethane dispersions market.

Global Polyurethane Dispersions Market

Polyurethane Dispersions Market: Regional Insights

Asia Pacific Polyurethane Dispersions Market To Witness Exponential Surge By 2028

Growth of polyurethane dispersions industry in Asia Pacific over forecasting period is subject to rise in product demand in manufacturing sector across Asia. Apart from this, surging population and increase in per capita income along with swift industrialization has paved a way for regional market growth. Low manufacturing costs, easy availability of labor at reasonable costs, favorable government laws, and product innovations taking place across region will prop up expansion of polyurethane dispersions industry in Asia Pacific. Thriving construction and vehicle manufacturing industry will crop up product penetration in region.

Polyurethane Dispersions Market: Competitive Insights

Manufacturers are coining new ways to produce eco-friendly products and thus are contributing substantially towards green environment initiative. These key participants are likely to have a long-lasting impact on growth of polyurethane dispersions industry and we have profiled them in our report. They are Mitsui Chemicals Inc., Coim Group, BASF SE, Alberdingk Boley GmbH, Chemtura Corporation, Covestro AG, ICAP-SIRA Chemicals, Lamberti S.p.A., The Dow Chemical Company, and Chase Corporation.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

The global Polyurethane Dispersions Market is segmented as follows:

By Type

  • Solvent-free
  • Low-solvent

By Application

  • Paints & Coatings
  • Adhesives & Sealants
  • Leather finishing
  • Textile finishing

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

 

Table Of Content

Chapter 1 Preface

  • 1.1 Report description and scope
  • 1.2 Research scope
  • 1.3 Research methodology
    • 1.3.1 Market research process
    • 1.3.2 Market research methodology

Chapter 2 Executive Summary

  • 2.1 Global Polyurethanes dispersions Market, 2015 – 2021, (Kilo Tons) (USD Million)
  • 2.2 Global Polyurethanes dispersions Market: Snapshot

Chapter 3 Global polyurethanes dispersions market - Global and Industry Analysis

  • 3.1 Introduction
  • 3.2 Market Drivers
    • 3.2.1 Drivers for Global Polyurethanes dispersionsMarket: Impact Analysis
    • 3.2.2 Growing coatings industry
    • 3.2.3 Adoption of advancing technology and trends
  • 3.3 Market Restraints
    • 3.3.1 Restraints for Global Polyurethanes dispersionsMarket: Impact Analysis
    • 3.3.2 High Price of raw material
  • 3.4 Opportunities
    • 3.4.1 Companies focusing on usage of ecofriendly process
  • 3.5 Porter’s Five Forces Analysis
  • 3.6 Market Attractiveness Analysis
    • 3.6.1 Market Attractiveness Analysis by Application Segment
    • 3.6.2 Market Attractiveness Analysis by Regional Segment

Chapter 4 Global polyurethanes dispersions market - Competitive Landscape

  • 4.1 Company Market Share, 2015 (Subject to data availability)

Chapter 5 Global polyurethanes dispersions market - Application Segment Analysis

  • 5.1 Global polyurethanes dispersions market – Application Segment Overview
  • 5.2 Coatings
    • 5.2.1 Global polyurethanes dispersions market for coatings , 2015 – 2021 (USD Million)
  • 5.3 Automobile
    • 5.3.1 Global polyurethanes dispersions market automobile, 2015 – 2021 (USD Million)
  • 5.4 Others (Textile finidhing, leather production, adhesives & sealants, etc)
    • 5.4.1 Global polyurethanes dispersions market for other applications, 2015 – 2021 (USD Million)

Chapter 6 Global Polyurethanes dispersions market- Regional Segment Analysis

  • 6.1 Global polyurethanes dispersions market: Regional Overview
    • 6.1.1 Global polyurethanes dispersions market volume Share by region, 2015 and 2021
  • 6.2 North America
    • 6.2.1 North America Polyurethanes dispersions market revenue,by application, 2015 – 2021, (Kilo Tons)
    • 6.2.2 North America polyurethanes dispersions market revenue, by application, 2015 - 2021 (USD Million)
  • 6.3 Europe
    • 6.3.1 Europe polyurethanes dispersions market revenue, by application, 2015 - 2021 (Kilo Tons)
    • 6.3.2 Europe polyurethanes dispersions market revenue, by application, 2015 - 2021 (USD Million)
  • 6.4 Asia Pacific
    • 6.4.1 Asia Pacific polyurethanes dispersions market revenue, by application, 2015 - 2021 (KiloTons)
    • 6.4.2 Asia Pacific polyurethanes dispersions market revenue, by application, 2015 - 2021 (USD Million)
  • 6.5 Latin America
    • 6.5.1 Latin America polyurethanes dispersions market revenue, by application, 2015 – 2021 (Kilo Tons)
    • 6.5.2 Latin America polyurethanes dispersions market revenue, by Application, 2015 - 2021 (USD Million)
  • 6.6 Middle East and Africa
    • 6.6.1 Middle East and Africa polyurethanes dispersions market revenue, by application, 2015 - 2021 (KiloTons)
    • 6.6.2 Middle East and Africa Polyurethanes dispersions marketRevenue by Application, 2015 - 2021 (USD Million)

Chapter 7 Company Profile

  • 7.1 Mitsui Chemicals Inc.
    • 7.1.1 Company Overview
    • 7.1.2 Product Portfolio
    • 7.1.3 Business Strategy
    • 7.1.4 Recent Developments
  • 7.2 Alberdingk Boley GmbH
    • 7.2.1 Company Overview
    • 7.2.2 Product Portfolio
    • 7.2.3 Business Strategy
    • 7.2.4 Recent Developments
  • 7.3 Chemtura Corporation
    • 7.3.1 Company Overview
    • 7.3.2 Financials
    • 7.3.3 Product Portfolio
    • 7.3.4 Business Strategy
    • 7.3.5 Recent Developments
  • 7.4 Covestro AG
    • 7.4.1 Company Overview
    • 7.4.2 Financials
    • 7.4.3 Product Portfolio
    • 7.4.4 Business Strategy
    • 7.4.5 Recent Developments
  • 7.5 COIM
    • 7.5.1 Company Overview
    • 7.5.2 Product Portfolio
    • 7.5.3 Business Strategy
    • 7.5.4 Recent Developments
  • 7.6 Lamberti SPA
    • 7.6.1 Company Overview
    • 7.6.2 Product Portfolio
    • 7.6.3 Business Strategy
    • 7.6.4 Recent Developments
  • 7.7 The Dow Chemical Company
    • 7.7.1 Company Overview
    • 7.7.2 Product Portfolio
    • 7.7.3 Business Strategy
  • 7.8 ICAP-SIRA Chemicals
    • 7.8.1 Company Overview
    • 7.8.2 Product Portfolio
    • 7.8.3 Business Strategy

Table Of Figures

List of Figures

FIG. 1 Market Research Process
FIG. 2 Market Research Methodology
FIG. 3 Global Polyurethanes dispersions Market, 2015 – 2021, (USD Million)
FIG. 4 Global Construction Market, 2015 -2021, (USD Billion)
FIG. 5 Porter’s Five Forces Analysis
FIG. 6 Market Attractiveness Analysis by Application Segment
FIG. 7 Market Attractiveness Analysis by Regional Segment
FIG. 8 Company Market Share, 2015
FIG. 9 Global polyurethanes dispersions market revenue share, by application, 2015 and 2021
FIG. 10 Global polyurethanes dispersions market for coatings, 2015 – 2021 (USD Million)
FIG. 11 Global polyurethanes dispersions market for automobile, 2015 – 2021 (USD Million)
FIG. 12 Global polyurethanes dispersions market for other applications, 2015 – 2021 (USD Million)
FIG. 13 Global polyurethanes dispersions market volume Share by region, 2015 and 2021
FIG. 14 North America polyurethanes dispersions market, 2015 – 2021, (Kilo Tons) (USD Million)
FIG. 15 Europe polyurethanes dispersions market revenue, by application, 2015 – 2021 (USD Million)
FIG. 16 Asia Pacific polyurethanes dispersions market revenue, by application, 2015 – 2021 (USD Million)
FIG. 17 Latin America polyurethanes dispersions market revenue, by application, 2015 – 2021 (USD Million)
FIG. 18 Middle East and Africa polyurethanes dispersions market revenue, by application, 2015 – 2021 (USD Million)


Table Of Tables

List of Tables

TABLE 1 Global polyurethanes dispersions market: Snapshot
TABLE 2 Drivers for Global Polyurethanes dispersions market: Impact Analysis
TABLE 3 Restraints For Global Polyurethanes dispersions market: Impact Analysis
TABLE 4 North America polyurethanes dispersions market revenue by Application, 2015-2016 (USD Million)
TABLE 5 Europe  Global polyurethanes dispersions market revenue by Application, 2015-2016 (USD Million)
TABLE 6 Asia Pacific polyurethanes dispersions market revenue by Application, 2015-2016 (USD Million)
TABLE 7 Latin America polyurethanes dispersions market revenue by Application, 2015-2016 (USD Million)
TABLE 8 Middle East and Africa l polyurethanes dispersions market revenue by Application, 2015-2016 (USD Million)

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Polyurethane Dispersions market. Zion Research has collected and analyzed key data belong to the global Polyurethane Dispersions market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Polyurethane Dispersions across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Polyurethane Dispersions industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Polyurethane Dispersions market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Polyurethane is a polymer that contains urethane links connecting organic units of polymers. Polyurethanes are formed by reaction between di-isocyanate or polyiscyanate and polyol. Polyurethanes products have a wide range of applications adhesives & sealants, insulation, construction, coatings etc. Owing to different properties polyurethane products are divided into different types of thermosetting polymers and thermoplastic polymers. Polyurethane dispersion is a two-component technology that involves dispersion of polyurethanes into different liquefying agents. Polyurethane dispersion can be further classified as solvent based dispersion and water-based dispersion.

On account of properties such as low density, flexibility, durability, resistance to abrasion & fatigue, strength polyurethane dispersion has numerous applications. A major section of polyurethane dispersion is used in coatings in many industries like textile, automobile, construction, leather industries, aerospace, furniture etc. Polyurethanes are characterized with flexibility, durability, resistance to abrasion & fatigue, strength, hence are majorly used in coating applications. Water based dispersion is environment-friendly and can be used in many industries. Coatings and paint industries are the major application segments of polyurethane dispersion. Binders in industrial coatings, concrete sealers, insulation coating, paper coating, textile finishing etc. are the other coating applications of polyurethane dispersion.

Specialty coating, especially in military and marine, is another important application segment. Polyurethane dispersions are the ideal materials with significant performance with growing environmental regulations on low volatile organic compounds (VOC), in turn growing the coating applications in polyurethane dispersions market. Adhesives on the polyurethane dispersions are used for laminating foot panels of furniture, automobile interior parts and also for sealing of shoe soles. The Strong reliable bonding strength is essential for the finished parts that are to be processed further. Polyurethane dispersion is used in these applications. Polyurethane dispersion is also used in elastomers and fibers.

Immense growth in global demand for automobile industries is expected to drive global polyurethane dispersion market. Synthetic leather production by incorporation of polyurethane dispersions is also expected to drive the demand of global polyurethane dispersion market. Growing furniture market is another factor expected to drive global polyurethane dispersion market. Eco-friendly nature of water-based polyurethane dispersion is expected to drive the demand for water-based global polyurethane dispersion market. Toxicity and negative effects are the restraining factors for solvent based polyurethane market.

Asia Pacific was the most dominant region for global polyurethane dispersion market in 2015. It is expected to be the fastest growing market for polyurethane dispersion in the coming years. The highest growth is anticipated to be witnessed as a result of economic expansion in this region. Economic growth of the region is expected to increase the demand for polyurethane market. Leap in the demand for global polyurethane dispersion market is vigorous in this region owing to rapid development in the segments of coatings, adhesives, leather production etc. with China being the most dominating market. In developing economies such as India, Germany, France, China and Italy the global polyurethane dispersion market is expected to take a leap in the forecast period. North America and Europe are expected to witness the boost in the market owing to the industrial expansion and growing infrastructure.

Some of the key players in the polyeurethane market include Mitsui Chemicals Inc., Alberdingk Boley GmbH, Chemtura Corporation, Covestro AG, COIM, Lamberti SPA, The Dow Chemical Company, ICAP-SIRA Chemicals, BASF SE, Chase Corporation

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FrequentlyAsked Questions

Enormous demand for polyurethane dispersions in emerging economies of Asia Pacific, Latin America, and the Middle East and Africa will boost polyurethane dispersions industry growth.      

According to Zion market research report, The global Polyurethane Dispersions Market accrued earnings worth approximately 3.13 (USD Billion) in 2021 and is predicted to gain revenue of about 7.14 (USD Billion) by 2028, is set to record a CAGR of nearly 6.6% over the period from 2022 to 2028.

Asia Pacific will contribute sizably towards the global market revenue over the projected timeline. A massive increase in Polyurethane Dispersions Market size in region over 2022-2028 can be attributed to rise in product demand in manufacturing sector across Asia.       

The key industry participants leveraging business sphere include Mitsui Chemicals Inc., Coim Group, BASF SE, Alberdingk Boley GmbH, Chemtura Corporation, Covestro AG, ICAP-SIRA Chemicals, Lamberti S.p.A., The Dow Chemical Company, and Chase Corporation.

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