Waterborne Polyurethane Dispersions Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2031 - By Product, Technology, Grade, Application, End-user, Region:

Description

The global waterborne polyurethane dispersions (PUDs) market is experiencing robust growth, with demand estimated to reach $1.69 billion in 2024 and projected to expand at a remarkable 6.92% CAGR to reach $2.7 billion by 2031, according to a recent report by Fairfield Market Research.

Driving Forces of Market Growth

Surging Demand in Textile and Wood Coatings: The global market is witnessing significant growth driven by increased demand for textile and wood coatings. PUD-based wood treatments are gaining popularity for their advantages in preserving and enhancing wood surfaces, including furniture, flooring, and cabinetry.

Environmental Benefits: Waterborne PUDs are recognized for their eco-friendliness and low Volatile Organic Compound (VOC) emissions, making them an environmentally friendly choice. They also offer ease of application.

Diverse Industry Applications: These versatile coating materials are applied in various industries, including automotive, construction, textiles, furniture, packaging, and more. They provide properties like excellent adhesion, flexibility, water resistance, and printability.

Automotive Sector Benefits: In the automotive sector, waterborne PUDs are used for coating interior and exterior components, offering excellent scratch resistance and enhanced durability.

Influencing Factors

Shift toward Safer Coatings and Adhesives: Waterborne PUDs are considered safer alternatives to solvent-based coatings and adhesives. They contain lower levels of hazardous chemicals, contributing to improved health and safety conditions for workers and end users.

Emphasis on Sustainability: Industries such as automotive, construction, textiles, and furniture are transitioning to waterborne systems to meet environmental objectives, contributing to the market's growth.

Challenges Faced

Raw Material Price Volatility: Waterborne PUD manufacturing costs are impacted by raw material prices, which can be volatile. The prices of key raw materials like polyols and isocyanates, derived from crude oil, are susceptible to fluctuations, impacting production costs.

Country-wise Insights

China: Rapid industrialization and regulatory measures promoting solvent-free coatings are driving demand for waterborne PUDs in China. The automotive, construction, textiles, and furniture manufacturing industries are significant contributors to market growth.

United States: Strict regulations on VOC emissions, increasing demand for water-based coatings, and a focus on sustainability are propelling the waterborne PUDs market in the United States. The automotive industry's presence further boosts growth.

Competitive Landscape

The market is witnessing consolidation through mergers and acquisitions as large multinational companies acquire smaller players to expand their portfolios and global reach. Manufacturers are investing in research and development to enhance performance properties like adhesion, durability, and flexibility.

Key Companies Profiled include BASF SE, Covestro AG, Lubrizol Corp., Dow Inc., Wanhua Chemical Group Ltd., Mitsui Chemicals, DIC Corp., Lanxess AG, Songwon Industrial Co. Ltd., Allnex GmbH, and Stahl Holdings BV.

Market Segmentation

The market is segmented by product type, by application and by region.

By Product Type:

Anionic PUD
Cationic PUD
Nonionic PUD
Self-Crosslinking PUD
Hybrid PUD

By Application:

Wood Coatings
- Furniture
- Floor
- Others

Metal Coatings
- Automotive Parts
- Appliances

Equipment & Machinery
- Textile Coatings
- Paper Coatings
- Plastic Coatings
- Others

By Region:

North America
Latin America
Europe
East Asia
South Asia and Pacific
Middle East and Africa

1. Executive Summary

1.1. Global Waterborne Polyurethane Dispersions Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, By Volume, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.8. PESTLE Analysis

3. Production Output and Trade Statistics

3.1. Key Highlights
3.2. Global Waterborne Polyurethane Dispersions Production, By Region
- 3.2.1. North America
- 3.2.2. Europe
- 3.2.3. Asia Pacific
- 3.2.4. Latin America
- 3.2.5. Middle East & Africa

4. Price Trends Analysis and Future Projects, 2018 - 2031

4.1. Global Average Price Analysis, By Product Type
4.2. Prominent Factors Affecting Waterborne Polyurethane Dispersions Prices
4.3. Global Average Price Analysis, By Region

5. Global Waterborne Polyurethane Dispersions Market Outlook, 2018 - 2031

5.1. Global Waterborne Polyurethane Dispersions Market Outlook, By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Anionic PUDs
  - 5.1.1.2. Cationic PUDs
  - 5.1.1.3. Nonionic PUDs
  - 5.1.1.4. Self-crosslinking PUDs
  - 5.1.1.5. Hybrid PUDs
5.2. Global Waterborne Polyurethane Dispersions Market Outlook, By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Wood Coatings
    - 5.2.1.1.1. Furniture
    - 5.2.1.1.2. Floorings
    - 5.2.1.1.3. Others
  - 5.2.1.2. Metal Coatings
    - 5.2.1.2.1. Automotive Parts
    - 5.2.1.2.2. Appliances
    - 5.2.1.2.3. Equipment & Machinery
  - 5.2.1.3. Textile Coatings
  - 5.2.1.4. Paper Coatings
  - 5.2.1.5. Plastic Coatings
  - 5.2.1.6. Others
5.3. Global Waterborne Polyurethane Dispersions Market Outlook, By Region, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. North America
  - 5.3.1.2. Europe
  - 5.3.1.3. Asia Pacific
  - 5.3.1.4. Latin America
  - 5.3.1.5. Middle East & Africa

6. North America Waterborne Polyurethane Dispersions Market Outlook, 2018 - 2031

6.1. North America Waterborne Polyurethane Dispersions Market Outlook, By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Anionic PUDs
  - 6.1.1.2. Cationic PUDs
  - 6.1.1.3. Nonionic PUDs
  - 6.1.1.4. Self-crosslinking PUDs
  - 6.1.1.5. Hybrid PUDs
6.2. North America Waterborne Polyurethane Dispersions Market Outlook, By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Wood Coatings
    - 6.2.1.1.1. Furniture
    - 6.2.1.1.2. Floorings
    - 6.2.1.1.3. Others
  - 6.2.1.2. Metal Coatings
    - 6.2.1.2.1. Automotive Parts
    - 6.2.1.2.2. Appliances
    - 6.2.1.2.3. Equipment & Machinery
  - 6.2.1.3. Textile Coatings
  - 6.2.1.4. Paper Coatings
  - 6.2.1.5. Plastic Coatings
  - 6.2.1.6. Others
6.3. North America Waterborne Polyurethane Dispersions Market Outlook, By Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. U.S. Waterborne Polyurethane Dispersions Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.2. U.S. Waterborne Polyurethane Dispersions Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.3. Canada Waterborne Polyurethane Dispersions Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.4. Canada Waterborne Polyurethane Dispersions Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Waterborne Polyurethane Dispersions Market Outlook, 2018 - 2031

7.1. Europe Waterborne Polyurethane Dispersions Market Outlook, By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Anionic PUDs
  - 7.1.1.2. Cationic PUDs
  - 7.1.1.3. Nonionic PUDs
  - 7.1.1.4. Self-crosslinking PUDs
  - 7.1.1.5. Hybrid PUDs
7.2. Europe Waterborne Polyurethane Dispersions Market Outlook, By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Wood Coatings
    - 7.2.1.1.1. Furniture
    - 7.2.1.1.2. Floorings
    - 7.2.1.1.3. Others
  - 7.2.1.2. Metal Coatings
    - 7.2.1.2.1. Automotive Parts
    - 7.2.1.2.2. Appliances
    - 7.2.1.2.3. Equipment & Machinery
  - 7.2.1.3. Textile Coatings
  - 7.2.1.4. Paper Coatings
  - 7.2.1.5. Plastic Coatings
  - 7.2.1.6. Others
7.3. Europe Waterborne Polyurethane Dispersions Market Outlook, By Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Germany Waterborne Polyurethane Dispersions Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.2. Germany Waterborne Polyurethane Dispersions Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.3. U.K. Waterborne Polyurethane Dispersions Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.4. U.K. Waterborne Polyurethane Dispersions Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.5. France Waterborne Polyurethane Dispersions Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.6. France Waterborne Polyurethane Dispersions Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.7. Italy Waterborne Polyurethane Dispersions Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.8. Italy Waterborne Polyurethane Dispersions Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.9. Russia Waterborne Polyurethane Dispersions Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.10. Russia Waterborne Polyurethane Dispersions Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.11. Rest of Europe Waterborne Polyurethane Dispersions Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.12. Rest of Europe Waterborne Polyurethane Dispersions Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Waterborne Polyurethane Dispersions Market Outlook, 2018 - 2031

8.1. Asia Pacific Waterborne Polyurethane Dispersions Market Outlook, By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Anionic PUDs
  - 8.1.1.2. Cationic PUDs
  - 8.1.1.3. Nonionic PUDs
  - 8.1.1.4. Self-crosslinking PUDs
  - 8.1.1.5. Hybrid PUDs
8.2. Asia Pacific Waterborne Polyurethane Dispersions Market Outlook, By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Wood Coatings
    - 8.2.1.1.1. Furniture
    - 8.2.1.1.2. Floorings
    - 8.2.1.1.3. Others
  - 8.2.1.2. Metal Coatings
    - 8.2.1.2.1. Automotive Parts
    - 8.2.1.2.2. Appliances
    - 8.2.1.2.3. Equipment & Machinery
  - 8.2.1.3. Textile Coatings
  - 8.2.1.4. Paper Coatings
  - 8.2.1.5. Plastic Coatings
  - 8.2.1.6. Others
8.3. Asia Pacific Waterborne Polyurethane Dispersions Market Outlook, By Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. China Waterborne Polyurethane Dispersions Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.2. China Waterborne Polyurethane Dispersions Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.3. Japan Waterborne Polyurethane Dispersions Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.4. Japan Waterborne Polyurethane Dispersions Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.5. South Korea Waterborne Polyurethane Dispersions Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.6. South Korea Waterborne Polyurethane Dispersions Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.7. India Waterborne Polyurethane Dispersions Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.8. India Waterborne Polyurethane Dispersions Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.9. Southeast Asia Waterborne Polyurethane Dispersions Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.10. Southeast Asia Waterborne Polyurethane Dispersions Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.11. Rest of Asia Pacific Waterborne Polyurethane Dispersions Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.12. Rest of Asia Pacific Waterborne Polyurethane Dispersions Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Waterborne Polyurethane Dispersions Market Outlook, 2018 - 2031

9.1. Latin America Waterborne Polyurethane Dispersions Market Outlook, By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Anionic PUDs
  - 9.1.1.2. Cationic PUDs
  - 9.1.1.3. Nonionic PUDs
  - 9.1.1.4. Self-crosslinking PUDs
  - 9.1.1.5. Hybrid PUDs
9.2. Latin America Waterborne Polyurethane Dispersions Market Outlook, By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Wood Coatings
    - 9.2.1.1.1. Furniture
    - 9.2.1.1.2. Floorings
    - 9.2.1.1.3. Others
  - 9.2.1.2. Metal Coatings
    - 9.2.1.2.1. Automotive Parts
    - 9.2.1.2.2. Appliances
    - 9.2.1.2.3. Equipment & Machinery
  - 9.2.1.3. Textile Coatings
  - 9.2.1.4. Paper Coatings
  - 9.2.1.5. Plastic Coatings
  - 9.2.1.6. Others
9.3. Latin America Waterborne Polyurethane Dispersions Market Outlook, By Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. Brazil Waterborne Polyurethane Dispersions Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.2. Brazil Waterborne Polyurethane Dispersions Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.3. Mexico Waterborne Polyurethane Dispersions Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.4. Mexico Waterborne Polyurethane Dispersions Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.5. Rest of Latin America Waterborne Polyurethane Dispersions Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.6. Rest of Latin America Waterborne Polyurethane Dispersions Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Waterborne Polyurethane Dispersions Market Outlook, 2018 - 2031

10.1. Middle East & Africa Waterborne Polyurethane Dispersions Market Outlook, By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 10.1.1. Key Highlights
  - 10.1.1.1. Anionic PUDs
  - 10.1.1.2. Cationic PUDs
  - 10.1.1.3. Nonionic PUDs
  - 10.1.1.4. Self-crosslinking PUDs
  - 10.1.1.5. Hybrid PUDs
10.2. Middle East & Africa Waterborne Polyurethane Dispersions Market Outlook, By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 10.2.1. Key Highlights
  - 10.2.1.1. Wood Coatings
    - 10.2.1.1.1. Furniture
    - 10.2.1.1.2. Floorings
    - 10.2.1.1.3. Others
  - 10.2.1.2. Metal Coatings
    - 10.2.1.2.1. Automotive Parts
    - 10.2.1.2.2. Appliances
    - 10.2.1.2.3. Equipment & Machinery
  - 10.2.1.3. Textile Coatings
  - 10.2.1.4. Paper Coatings
  - 10.2.1.5. Plastic Coatings
  - 10.2.1.6. Others
10.3. Middle East & Africa Waterborne Polyurethane Dispersions Market Outlook, By Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 10.3.1. Key Highlights
  - 10.3.1.1. GCC Waterborne Polyurethane Dispersions Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 10.3.1.2. GCC Waterborne Polyurethane Dispersions Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 10.3.1.3. South Africa Waterborne Polyurethane Dispersions Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 10.3.1.4. South Africa Waterborne Polyurethane Dispersions Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 10.3.1.5. Egypt Waterborne Polyurethane Dispersions Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 10.3.1.6. Egypt Waterborne Polyurethane Dispersions Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 10.3.1.7. Rest of Middle East & Africa Waterborne Polyurethane Dispersions Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 10.3.1.8. Rest of Middle East & Africa Waterborne Polyurethane Dispersions Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Product vs Application Heatmap
11.2. Manufacturer vs Application Heatmap
11.3. Company Market Share Analysis, 2023
11.4. Competitive Dashboard
11.5. Company Profiles
- 11.5.1. BASF SE
  - 11.5.1.1. Company Overview
  - 11.5.1.2. Product Portfolio
  - 11.5.1.3. Financial Overview
  - 11.5.1.4. Business Strategies and Development
- 11.5.2. Lubrizol Corp.
  - 11.5.2.1. Company Overview
  - 11.5.2.2. Product Portfolio
  - 11.5.2.3. Financial Overview
  - 11.5.2.4. Business Strategies and Development
- 11.5.3. Covestro AG
  - 11.5.3.1. Company Overview
  - 11.5.3.2. Product Portfolio
  - 11.5.3.3. Financial Overview
  - 11.5.3.4. Business Strategies and Development
- 11.5.4. Dow Inc.
  - 11.5.4.1. Company Overview
  - 11.5.4.2. Product Portfolio
  - 11.5.4.3. Financial Overview
  - 11.5.4.4. Business Strategies and Development
- 11.5.5. Wanhua Chemical Group Co., Ltd.
  - 11.5.5.1. Company Overview
  - 11.5.5.2. Product Portfolio
  - 11.5.5.3. Financial Overview
  - 11.5.5.4. Business Strategies and Development
- 11.5.6. Mitsui Chemicals
  - 11.5.6.1. Company Overview
  - 11.5.6.2. Product Portfolio
  - 11.5.6.3. Financial Overview
  - 11.5.6.4. Business Strategies and Development
- 11.5.7. DIC Corporation
  - 11.5.7.1. Company Overview
  - 11.5.7.2. Product Portfolio
  - 11.5.7.3. Financial Overview
  - 11.5.7.4. Business Strategies and Development
- 11.5.8. Lanxess AG
  - 11.5.8.1. Company Overview
  - 11.5.8.2. Product Portfolio
  - 11.5.8.3. Business Strategies and Development
- 11.5.9. Songwon Industrial Co., Ltd.
  - 11.5.9.1. Company Overview
  - 11.5.9.2. Product Portfolio
  - 11.5.9.3. Financial Overview
  - 11.5.9.4. Business Strategies and Development
- 11.5.10. Allnex GmbH
  - 11.5.10.1. Company Overview
  - 11.5.10.2. Product Portfolio
  - 11.5.10.3. Financial Overview
  - 11.5.10.4. Business Strategies and Development
- 11.5.11. Stahl Holdings BV
  - 11.5.11.1. Company Overview
  - 11.5.11.2. Product Portfolio
  - 11.5.11.3. Financial Overview
  - 11.5.11.4. Business Strategies and Development

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations