AQUEOUS POLYURETHANE DISPERSION MARKET REPORT OVERVIEW
-
Request a Free Sample to learn more about this report
The global aqueous polyurethane dispersion market size is USD 1864.23 million in 2021 and the market is projected to touch USD 2913.28 million by 2027, exhibiting a CAGR of 7.72% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the aqueous polyurethane dispersion market experiencing higher than anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
Polytetramethylethylene glycol, 1,4-butanediol, and toluene diisocyanate are used to make aqueous polyurethane dispersions, which contain various concentrations of DMPA as the anionic center. PUDs are made by dispersing thermoplastic polyurethane particles with internal emulsifying groups in polymer chains in an aqueous media. PUDs are colloidal systems with two components.
COVID-19 Impact: Lockdown Restriction to Impede Market Advancements
The COVID-19 virus, which was discovered in a flea market in Wuhan, China, has turned out to be deadly to humans, changing the course of global events. To sustain its social, political, and economic standing, humanity had to wage war. In order to combat the unidentified threat posed by the COVID-19 virus, it was crucial to preserve the dynamism of the healthcare sector. It was challenging to get people to comprehend the virus' intricacy and harmful effects as this was their first exposure to it.
LATEST TRENDS
"Increasing Demand from Textile Industry to Expand Market"
Low VOC emissions from water-based polyurethane dispersion make it better suited for the furniture and interior design industries. The major driving forces behind the industry are the high demand for and growth of polyurethane dispersion in the leather and textile industries, as well as other end users like the construction, leather finishing, and automotive industries, fashion industry, lucrative luggage bag, and footwear industries.
AQUEOUS POLYURETHANE DISPERSION MARKET SEGMENTATION
-
Request a Free Sample to learn more about this report
- By Type
Based on type, the ophthalmic instruments market is classified into Component Polyurethane, Two-Component Polyurethane, urethane-Modified.
- By Application
Based on application, the ophthalmic instruments market is classified into PUD Leather Finishing Agents, PUD Coating Agent, PUD Water-Based Glue, Waterborne Wood Coating, Water-Based Paint.
DRIVING FACTORS
"Automobile Manufacturers to Boost Market Growth"
Modern cars are produced quickly, which has increased demand for a variety of materials. Automobile manufacturers are utilizing the benefits of plastic materials in addition to steel and aluminum. Similar to this, top chemical businesses in the aqueous polyurethane dispersion market are eager to increase their revenue streams by diversifying their product lines to include adhesives and automobile coatings. Automotive and industrial coatings present potential for companies in the polyurethane (PU) dispersions (aqueous and solvent) sector.
"Technological Advancements to Multiply Market Demand"
The aqueous polyurethane dispersion market growth is expected to grow during the forecast period due to factors such as rising demand for natural and synthetic leather around the world, technological advancements with regulations to maintain environmental sustainability, and a switch in consumer preference from solvent-borne coating to waterborne system coating. Additionally, its use in the industrial and commercial sectors has grown as a result of excellent qualities like quick drying time, abrasion and temperature impact resistance, and superior weather stability. Aqueous PU Dispersion is also employed as single-ion electrolytes in batteries, as well as a binding agent for inks and ceramic powders, semi-permeable membranes, and inks.
RESTRAINING FACTORS
"High Cost of Raw Materials to Impede Market Growth"
The growth of the aqueous polyurethane dispersion market could be hampered by dynamically shifting raw material costs and a decline in producers' marginal profits as a result of price fluctuations.
AQUEOUS POLYURETHANE DISPERSION MARKET REGIONAL INSIGHTS
-
Request a Free Sample to learn more about this report
"Government initiatives to Foster Growth in North America"
Due to a number of government initiatives, low labor costs, and ease of doing business, North America currently holds a monopoly on the aqueous polyurethane dispersion market share. These factors have supported the expansion of the leather, automotive, and other textile industries in the region.
Because of a rise in auto sales as well as expansion in the defense and aerospace industries in this area, Asia-Pacific will continue to expect the greatest compound annual growth rate during the forecast period.
KEY INDUSTRY PLAYERS
"Notable Players to contribute towards the market growth"
The top-notch players of the market share are implementing and applying varied front end and back-end strategies to exceed and expand their empire.
List of Market Players Profiled
- VCM Polyurethanes Pvt Ltd. (Mumbai)
- Coim S.P.A. (Italy)
- Dows (U.S.)
- UBE Industries Ltd (Japan)
- KAMSONS CHEMICALS PVT. LTD. (India)
- Lubrizol Corporation (U.S.)
- Siwp (Germany)
- Reichhold (U.S.)
- DSM (Netherlands)
- Lamberti S.p.A (Italy)
- Covestro (Germany)
- Stahl (Netherlands)
- Mitsui Chemicals Inc (Japan)
REPORT COVERAGE
This report covers the market. The CAGR expected to be in during the forecast period, and also the USD value in 202 and what it is expected to be in 2028. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 1864.23 Million in 2021 |
Market Size Value By |
US$ 2913.28 Million by 2027 |
Growth Rate |
CAGR of 7.72% from 2021 to 2027 |
Forecast Period |
2022-2028 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
-
What value is the aqueous polyurethane dispersion market expected to touch by 2027?
The global aqueous polyurethane dispersion market is expected to reach USD 2913.28 million by 2027.
-
What CAGR is the aqueous polyurethane dispersion market expected to exhibit by 2027?
The aqueous polyurethane dispersion market is expected to exhibit a CAGR of 7.72% by 2027.
-
Which are the driving factors of the aqueous polyurethane dispersion market?
Automobile manufacturers and technological advancements drive the aqueous polyurethane dispersion market growth.
-
Which are the top companies operating in the aqueous polyurethane dispersion market?
VCM Polyurethanes Pvt Ltd., Coim S.P.A., Dows, UBE Industries Ltd, KAMSONS CHEMICALS PVT. LTD., Lubrizol Corporation, Siwp, Reichhold, DSM, Lamberti S.p.A, Covestro, Stahl, Mitsui Chemicals Inc are the companies operating in the aqueous polyurethane dispersion market.