Latest News- Polyurethane Dispersions Market: Solvent-free is expected to lead the Type segment during 2024-2028

The Polyurethane Dispersions Market is being driven by Increased regulations on VOC emissions

The Polyurethane Dispersions Market is expected to grow at a CAGR of 6.71% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 941.88 million. Vendors in the global polyurethane dispersions market are expanding their production capacity to cater to the growing demand from various industries, including paints and coatings, automotive, construction, furniture, footwear, and packaging. Covestro, a leading market player, recently completed the construction of a new production facility for waterborne polyurethane dispersions in Shanghai, China. This facility is expected to meet the increasing demand for eco-friendly coatings and adhesives in the Asia Pacific region. The new plant will produce waterborne polyurethane dispersions with performance profiles similar to solvent-based ones, making it an attractive option for end-users seeking sustainable alternatives. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Solvent-free
  • Low-solvent
• Application
  • Paints and coatings
  • Adhesives and sealants
  • Leather finishing
  • Textile finishing
• Geography
  • APAC
    • China
    • India
  • Europe
    • Germany
    • France
  • North America
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased regulations on VOC emissions
• Increasing demand for polyurethane dispersions from end-user industries
• Increasing focus on bio-based and eco-friendly products

However, the market also witnesses some limitations, which are as follows:

• High use of acrylic and epoxy resins in paints and coatings
• Lack of awareness of polyurethane dispersions-based adhesives and sealants
• High costs involved in polyurethane dispersion production

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Market Scope in Polyurethane Dispersions Market Research Report

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Research Analysis Overview

The Polyurethane Dispersions (PUD) market encompasses emulsion and dispersion polymerization processes, offering rheology control, improved freeze-thaw stability, and extended shelf life. PUDs exhibit desirable properties such as color stability, UV resistance, anti-fouling, anti-corrosion, flame retardancy, and anti-microbial attributes. Various curing methods like moisture cure, UV cure, electron beam cure, and radiation cure are employed. Pigment dispersion and particle size distribution, surface tension, drying time, and curing time are crucial factors. Impact resistance, flexural strength, tensile strength, wear resistance, scratch resistance, and chemical resistance testing are essential for evaluating coating performance. Coating applications range from architectural and industrial to automotive and marine sectors, with formulation and properties tailored to specific end-uses.

Market Research Overview

The Polyurethane Dispersions (PUD) market is a significant segment of the global specialty chemicals industry. Specialty chemicals refer to high-value-added chemicals used in the production of various products, including fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. According to Technavio, the global specialty chemicals market size is determined by the combined revenue generated by manufacturers in this sector. Factors driving the growth of this market include the increasing demand for specialty adhesives and sealants. PUDs, specifically, are waterborne dispersions of polyurethane resins, available in various forms such as acrylic, polyester, vinyl acetate dispersions, and binder resins. They play a crucial role in film formation and are extensively used in coatings, inks, adhesives, and textile applications. The expanding demand for these high-performance materials in various industries is expected to fuel the growth of the PUD market in the coming years.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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