Polyurethane Dispersions Market by Type (Solvent-Free and Low-Solvent), Application (Paints and Coatings, Adhesives and Sealants, Leather Finishing, Textile Finishing, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026383 | Pages: 100 | Industry: Chemicals and Materials | Date: Sep 2022 | Type: Global

The market crossed US$ 2.0 billion mark in 2022 and is expected to hit US$ 3.5 billion by 2030, recording a CAGR of approximately 7.0% during the forecast period.

 

Increasing demand for polyurethane dispersions from the leather and textile finishing industry

The polyurethane dispersions market is rapidly growing owing to the increasing demand from the interior and furniture industries, the automotive sector, and the rising consumption of leather products among consumers. The leather demand is primarily driven by the fashion and footwear industry and its use in luxury luggage bags. Rising disposable income, along with trending fashion, has increased the demand for leather products. Polyurethane dispersion has exceptional properties such as high tensile strength, high elasticity, extreme temperature durability, and high abrasion resistance; primarily used for coating PVC & concrete floor tops, wood and leather finishes, and textile coatings. These factors are expected to propel the demand for polyurethane dispersion during the forecast period.

Within the report, the market is segmented into type, application, and geography. By type, the market is further segmented into solvent-free and low-solvent. Based on application, the market is divided into paints and coatings, adhesives and sealants, leather finishing, textile finishing, and others. Geographically, the market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Increased utilization as well as demand for polyurethane dispersions

Polyurethane dispersion is a polyurethane polymer resin dispersed in water rather than a solvent. They are utilized to make polyurethane coatings and adhesives for glass, wood, textiles, plastics, metal, rubber, and other high-performance substrates that have outstanding adhesion and coating qualities. Polyurethane dispersion combines the benefits of polyurethane with the added benefits of odor eradication, the absence of hazardous monomers, and the absence of poisonous volatile organic compounds. They can be used in coatings, sealants, and adhesives due to their toughness.

 

Rising adoption in various industries is one of the major factors accelerating market growth

Polyurethane dispersions are widely used for environmentally friendly, low volatile organic compound (VOC) water-based paints, adhesives, ink binders, and coatings. Polyurethane dispersions offer various advantages, including low viscosity, high molecular weight, and good film-forming properties. The leather coatings, textile, automotive industry, paints & coatings and other industries are driving market expansion. The demand for leather products is primarily driven by consumer goods, as leather is used to make handbags, footwear, and other items, all of which are expected to promote polyurethane dispersions demand. Water-based polyurethane dispersion contains a minimum amount of volatile organic components, making it ideal for use in paints in the automotive industry. Dimethyl propionic acid is used in the processing and manufacturing of water-soluble resins because it is often used in aqueous urethane dispersions to create high gloss waterborne coatings with remarkable durability and flexibility.

 

Recent strategic developments in the polyurethane dispersions market

The polyurethane dispersions market has undergone several significant developments, and a few of these have been mentioned below:

  • In January 2020, BASF SE invests in the expansion of the polyurethane dispersion business in Europe.
  • In June 2021, Allnex an industrial coating resins manufacturer, announced the launch of DAOTAN 7061/35WA polyurethane dispersion developed for the Automotive OEM and Vehicle Refinish coating markets.

 

The polyurethane dispersions market is driven by several players implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Alberdingk Boley GmbH, Covestro AG, The Lubrizol Corporation, LANXESS, and Chase Corporation are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Polyurethane dispersions -related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • End users of polyurethane dispersions
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type:
    • Solvent-Free
    • Low-Solvent
  • Application:
    • Paints and Coatings
    • Adhesives and Sealants
    • Leather Finishing
    • Textile Finishing
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Alberdingk Boley GmbH
    • Covestro AG
    • The Lubrizol Corporation
    • LANXESS
    • Chase Corporation 

Companies profiled
- Alberdingk Boley GmbH
- Covestro AG
- The Lubrizol Corporation
- LANXESS
- Chase Corporation





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