Polyurethane (PU) Dispersions (Aqueous and Solvent) Market Growing Trade Among Emerging Economies Opening New Business-O

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Polyurethane (PU) Dispersions (Aqueous and Solvent) Market: Introduction

Transparency Market Research delivers key insights on the global polyurethane (PU) dispersions (aqueous and solvent) market. In terms of revenue, the global polyurethane (PU) dispersions (aqueous and solvent) market is estimated to expand at a CAGR of 5.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global polyurethane (PU) dispersions (aqueous and solvent) market.

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The global polyurethane (PU) dispersions (aqueous and solvent) market is broadly affected by several factors, including increase in usage of polyurethane (PU) dispersions (aqueous and solvent) in various applications such as textile finishing, natural leather finishing, synthetic leather production, and others (adhesives and coatings). Rise in demand for textile finishing and leather applications is propelling the polyurethane (PU) dispersions (aqueous and solvent) market.

Polyurethane (PU) Dispersions (Aqueous and Solvent) Market: Dynamics

Polyurethane (PU) dispersions (aqueous and solvent) are primarily driven by the growth of the textile finishing industry and higher production of synthetic leather. Polyurethane dispersions refer to high solid dispersions of polyurethane polymers in water. They are mostly used for manufacturing polyurethane coatings and adhesives that contain low levels of organic compounds that are volatile which exhibit superior coating and excellent adhesion properties for metals, wood, rubber, textiles, plastics, and other miscellaneous high performance substrates.

Polyurethane dispersions ensure polyurethane-like-performance, with added advantages such as the absence of toxic and volatile organic compounds, elimination of odor, and the absence of harmful monomers. They possess high degree of toughness and are generally used in adhesives, sealants, and coatings.

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Polyurethane (PU) Dispersions (Aqueous and Solvent) Market: Prominent Regions

The global polyurethane dispersions market has been segmented into five key regions: North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Asia Pacific was the largest market for polyurethane dispersions, which accounted for 36.6% share followed by Europe that accounted for 28.6% share of the global market in 2020. Asia Pacific is the largest regional segment and is also expected to experience highest growth rate in the PUDs market due to the growing consumption as well as production of PUDs in emerging countries such as India and China. Alberdingk Boley, Bayer MaterialScience AG, BASF SE, Chemtura Corporation, and Hauthaway Corporation are some of the key participants of the PUD market.

Polyurethane (PU) Dispersions (Aqueous and Solvent) Market: Major Players

The global polyurethane (PU) dispersions (aqueous and solvent) market is consolidated, with the presence of key players. Prominent players operating in the global polyurethane (PU) dispersions (aqueous and solvent) market include Dow Chemicals, BASF SE, and Bayer MaterialScience.

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New Molecular Architectures Hold Potentials to Overcome Shortcomings of Bio-based Polyurethane Dispersions

The demand for bio-based materials is surging due to increased awareness about environmental footprint in the market for polyurethane dispersions. This is also true in the field of adhesives as manufacturers are increasing their efficacy to source renewable materials. As such, adhesives and sealants are predicted to account for a significant revenue share of the polyurethane (PU) dispersions (aqueous and solvent) market.

However, sustainability is one of the main concerns in the field of bio-based materials since it is challenging to incorporate new materials as drop-in replacements in existing technologies. This explains the modest CAGR of the polyurethane (PU) dispersions (aqueous and solvent) market during the forecast period. Hence, manufacturers are increasingly focusing on new molecular architectures to overcome the limitations associated with bio-based resources.

Companies in the polyurethane (PU) dispersions (aqueous and solvent) market are innovating in novel adhesive technologies by sparking interest in traditional bio-based binders such as starch and renewable rubber to comply with the strict regulatory norms.

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Polyurethane (PU) Dispersions (Aqueous and Solvent) Market: Overview

  • Polyurethane dispersions (PUDs) are high solid dispersions of polyurethane polymers in water. They are used to prepare polyurethane coatings and adhesives containing very low volatile organic compounds that show superior adhesion and coating properties for glass, wood, textiles, plastics, metal, rubber and other high performance substrates.
  • PUDs provide the performance of polyurethane with additional advantages such as elimination of odor, lack of harmful monomers, and absence of toxic volatile organic compounds. They exhibit high toughness and can be used in coatings, sealants, and adhesives.
  • Environmental regulations such as the U.S. Clean Air Act since 2008 and recent technological innovations have made PUDs effective substitutes for solvent-based analogs in the polyurethane coatings and adhesives industry. As a result, the use of solvent based coatings is being reduced in developed nations such as the U.S. and most European countries. They are being replaced by aqueous PUDs, which are waterborne systems that combine all the required properties of solvent based systems with the added advantage of being ecofriendly in nature.

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